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International super lottery to create jackpots of $500 million or more
United States Member #13375 March 30, 2005 1112 Posts Offline |
| Posted: September 15, 2008, 2:46 pm - IP Logged |
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tax is an interesting problem. here in australia the gov getes its tax by taxing everyone who buys a ticket. thats right 1/11th of all gambling wagers goes straight to the fed gov as a gambling tax. so when aust. buys a international lotto ticket, We will pay our tax at the terminal, all the buyers will pay tax. doesnt matter if its won here or not. In usa tthe gov will only get tax income when the ticket is actually won there!
now it depends on whaqt you think is fairer, all the losers paying tax and the winner not paying it. so the gov gets their cut. or the winner paying the tax.
personally i dont think it should matter, Just keep it the way it already works in the juresdiction the ticket is bought and won in. i mean the tax i pay is 9c on ea $1 bet , i can live with that. if i win ,$1 mill , ive paid my 9c tax.
I think tax should be handled at local level.
now price
with international exchange rates always changing, the major location playing should be the basis of price and other countries should have a quate mechenism for when you want ot buy a game. like if u want to get a check cut on a forign bank you get buy or sell price based on the daily rate. same for international lotto. The unlucky areas that doesnt have sell the most tickets. there would be a daily ticket price quoted at the terminal. when u go to buuy a ticket, the machine would print a quote before the sale for you to approve of the cost.
now if u lived in either USA or europe, well one of those 2, you would always pay the same price as the price will be based on their dollar. the rest of the world would have the varying price. No worries. When they put together the global lottery, you can rest assured they will have a global currency and a global tax, too. Prince of Insufficient Light ~ Ruler of Heck
"The Earth moves around the Sun." -- some 'crazy' guy, 1632
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San Angelo, Texas United States Member #1110 January 31, 2003 505 Posts Offline |
| Posted: September 15, 2008, 3:12 pm - IP Logged |
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Lot of good comments. But, it ain't going to happen. At least, not in the US.
Do you really think the IRS is going to let that much money go out of the country?
IMHO, it was the IRS that pushed the anti-gambling bill to stop $$$ from leaving the country, and to
shut down offshore bank accounts set up with mostly lottery wins.
Besides, to generate a $500 million jackpot, the game matrix would probably have to be something like Pick 8 from 70, plus a bonus ball.
Or maybe Pick 7 of 60 but to win you would have to match in the winning numbers in order of occurrence!
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New Member Kearny, NJ United States Member #50319 February 17, 2007 4 Posts Offline |
| Posted: September 15, 2008, 5:21 pm - IP Logged |
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 It's an excellent and a very ambitious idea-though I suggest that we could had loved to know which type of a game it will be.
Many people around the globe ,have found a more easier ways to win the lotterey-with the help of Gail Howard Books and the LP .
Those who dont win are the ones 'who play without considering certain factors as outlayed very clearly in Certain Lotto Books and the LP.
Back to the topic....I think a global draw will be a great idea. I have heard of Gail Howard (I have two of her books) but "LP" eludes me as to it's meaning.
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New Member Kearny, NJ United States Member #50319 February 17, 2007 4 Posts Offline |
| Posted: September 15, 2008, 5:23 pm - IP Logged |
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I have heard of Gail Howard (I have two of her books) but "LP" eludes me as to it's meaning. DUH! LP stands for Lottery Post wheels and picks. DUH!, again.
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Bondi Junction Australia Member #57721 December 24, 2007 140 Posts Offline |
| Posted: September 16, 2008, 1:41 am - IP Logged |
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I would like to participate in an international lottery - they could call it GLOBALBALL. Will the winners be allowed to remain anonymous, as in the UK and Australia, or be required to go public as in many US lotteries? I do hope they will be given the choice.
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New Member fort wayne, indiana United States Member #18752 July 11, 2005 11 Posts Offline |
| Posted: September 16, 2008, 1:52 am - IP Logged |
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One thing to remember in Europe when they say it is a $500 million jackpot it is a $500 million pay out
not like here in the States where $100 million is $50 million payout if your lucky.
Fiona$
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NY United States Member #24178 October 16, 2005 1471 Posts Offline |
| Posted: September 16, 2008, 2:34 am - IP Logged |
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"In the US, if you offer people a multi-state game with a bigger payout, they don't bother with the local lottery."
BS, if they get large enough I play them for the better odds. In fact I play local lotteries far more than power rip off. But with a global lottery it also increases the chances of multiple winners. But $500 and up would be sweet. Maybe you and I are smarter than the average player. Sales of MM tickets in NY are never less than about 2.3 million for the $12 million starting jackpot. That's enough to cover about $1.2 million worth of annuity jackpot. When NY lotto rolls the increase is only $1 million until it gets to at least 35 or 40 million, when it increases by $2 million once before returning to a $1 million increase for at least a few weeks. That tells me that even at 25 to 30 million they're selling fewer lotto tickets than MM tickets for $12 million, despite lotto offering about 7 times as much chance of winning. What I see in stores is the same. If lotto is at 25, 30 or even 35 million while MM is at 12 to 20, I see people buying MM tickets without buying lotto.
If you can get odds that are 5 to 10 times better for a bigger jackpot you'd think it would be a no brainer, but apparently that's not how a lot of players think. When the choice is to play for $10 or 20 million or have far less chance to win $50 million, there's no question that the majority go for the bigger payout. Of course, the odds in both games are so bad that it's not really smart to play either way.
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Australia Member #37542 April 11, 2006 276 Posts Offline |
| Posted: September 16, 2008, 11:15 am - IP Logged |
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the survery over on usamega had me thinking... about a 10c a play game for the international lotto.
of course there would also need a really hard to win game to get it to jackpot so i thought a 7/99 game, i think i calcualted odds right at 1 in 1,120,529,256thats right 1 in 1 billion odds. but at 10c us a play even people in 3rd world countries would play.
you could have so many options for playing combinations and wheelsthere on the entry form. you could play every number from 1- 99 for$1.50 bet. there should be a box to QP a random mix of all numbers. every combo of 9numbers would only cost like $3.60 and 10 numbers only $12. pick 12numbers and terminal could calc that its a combo game and charge youfor 120 games, ie $12. or mark 8 numbers a game and be charged 80c a play for combo 8 plays. playing ea combination of 7 numbers out of 8.
anyhow im getting excied about the posibilities with low price high odds games, I think it might be the only way to get poeple to pay to play such hard winning odds. i look at all lotteries as a 50-50 chance,
either i win or i don't
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da bronx,city island,n.y. United States Member #30895 January 17, 2006 113 Posts Offline |
| Posted: September 16, 2008, 4:43 pm - IP Logged |
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I am against any mergings of these multi state lotteries. If anything I wish some of these states would scale down and disconnect from these multi state lotteries. Powerball and Megamillions cut into the state jackpots. Here in CT, the lotto jackpot takes so long to get up to even 2 or 3 million because so many people are playing Powerball. And on top of that hardly ever is there a Powerball winner from CT. And it will be worse in January when Florida joins PB. It will reduce state jackpots in CT and Florida, among other states.
Does anybody really need to win 500 million? Isn't 5 million enough? Even after taxes a 5 mill jackpot would still make you a multi- millionaire. Isn't that enough? Most people playing the lottery are poor(like me) or struggling to stay middle class. 5 mill would be more than enough for me to start living the good life.
SC HEY SPARE CHANGE..I'm here in city island ,in the bronx,N.Y...I always take the twenty minute to exit 4 on i95 ,to play powerball.its funny thing but all the different lotto retailers say,,if it wasn't for the powerball in ct ,nobody would play any tickets ..CT lotto only adds 100,000 to the lotto after no jackpot wins.All the other state add at least a 1,000,000 to the game after a non jackpot drawing
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Northern Ohio United States Member #64047 August 1, 2008 138 Posts Offline |
| Posted: September 17, 2008, 12:21 am - IP Logged |
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I can't believe what I'm reading. Did a few of you actually say you'd turn down $500M?
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