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Mega Millions lottery jackpot rolls to $146 million
Mega Millions lottery jackpot rolls to $146 millionPosted: 12/3/2008 8:30:46 AM  Lottery players in the twelve Mega Millions states will be buying tickets for the largest jackpot in seven months.
The jackpot in the multi-state Mega Millions lottery drawing was increased to $146 million.
The rollover occurred because none of the tickets sold for Tuesday night's $128 million drawing matched all five lotto numbers and the Mega Ball number. The next drawing will be Friday night.
There were 8 second-prize winners from Friday night's drawing: 1 from California, 1 from Georgia, 1 from Illinois, 1 from Maryland, 1 from Michigan, 1 from New York, 1 from Ohio, and 1 from Virginia.
Each second prize ticket matched all five lotto numbers but not the Mega Ball number to win $250,000 apiece, except for California winner, who will get $276,955.
Unlike the other eleven Mega Millions states, California has pari-mutuel payouts at every prize level, so winners are paid an amount based on ticket sales and number of winners.
Sometimes that results in prizes lower than the other Mega Millions states, but Tuesday night that meant one lucky California lottery player will get an extra $26,955 for their second-prize win.
Also, 53 players matched four of the five lotto numbers, plus the Mega Ball number. Those tickets are each worth $10,000, except for 4 California tickets, which are worth $18,883 each.
The winning numbers from Tuesday night's drawing were: 2, 17, 22, 32, and 51. The Mega Ball number was 35.
The Texas Megaplier was 4. Source: Lottery Post Staff
MI United States Member #55299 August 31, 2007 633 Posts Offline |
| Posted: December 3, 2008, 9:44 am - IP Logged |
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It might be the biggest JP in seven months but it's also 50M behind where it was last time after rolling over 12 times thanks to the weakness of the bond market. On the bright side, the cash option is only about a 20M difference between the last time (about 99M vs 119M) which certainly makes it look much more attractive. With odds like 1 in 175,711,536 how can I lose?!
You can't predict random.
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S.E.Iowa United States Member #59008 February 18, 2008 366 Posts Offline |
| Posted: December 3, 2008, 1:39 pm - IP Logged |
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It might be the biggest JP in seven months but it's also 50M behind where it was last time after rolling over 12 times thanks to the weakness of the bond market. On the bright side, the cash option is only about a 20M difference between the last time (about 99M vs 119M) which certainly makes it look much more attractive. $99 million is nothing to sneeze at.After taxes its still going to be in the $50 million range.I could really help the economy out with that kind of money at my disposal ~;)
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MI United States Member #55299 August 31, 2007 633 Posts Offline |
| Posted: December 3, 2008, 2:55 pm - IP Logged |
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Of course not! Just saying how they're two rolls behind the previous JPs that have made it this far due to the bonds issue and I'm willing to bet the powers that be are holding it back too to let it drag out a little longer. I round it up to 100M because it's nicer sounding and could always make it to that amount if someone wins Friday when the sales are totaled. Would be about 60M after all is said and done with the likely taxes. I think I could live on that, let alone the potential interest and dividends it could bring. With odds like 1 in 175,711,536 how can I lose?!
You can't predict random.
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Michigan United States Member #59777 March 12, 2008 68 Posts Offline |
| Posted: December 3, 2008, 5:29 pm - IP Logged |
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$99 million is nothing to sneeze at.After taxes its still going to be in the $50 million range.I could really help the economy out with that kind of money at my disposal ~;) after tax you will actually end up in the 70 million range. you're about 20 million short.
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S.E.Iowa United States Member #59008 February 18, 2008 366 Posts Offline |
| Posted: December 3, 2008, 6:38 pm - IP Logged |
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after tax you will actually end up in the 70 million range. you're about 20 million short. After Obama & his merry band of liberals get their hands on it the winner will be lucky to walk away with $50 million of it.
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Margaritaville United States Member #58035 January 9, 2008 153 Posts Offline |
| Posted: December 3, 2008, 6:38 pm - IP Logged |
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after tax you will actually end up in the 70 million range. you're about 20 million short. Actually, that's after what they withhold, not what you will owe. It's just about guaranteed you are going to owe more. My calculation shows with max tax, living in Michigan, you are going to wind up with additional taxes of almost $8.4m, leaving you just a hair under $61.6m. With a good tax planner, it only gets better.
MaddMike, all the more reason to take the cash option.
Anyone bought tickets yet? Quick Picks for me, single tickets, multiple locations, and $15 to spend.  Bought 3 today.
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S.E.Iowa United States Member #59008 February 18, 2008 366 Posts Offline |
| Posted: December 3, 2008, 6:46 pm - IP Logged |
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Actually, that's after what they withhold, not what you will owe. It's just about guaranteed you are going to owe more. My calculation shows with max tax, living in Michigan, you are going to wind up with additional taxes of almost $8.4m, leaving you just a hair under $61.6m. With a good tax planner, it only gets better.
MaddMike, all the more reason to take the cash option.
Anyone bought tickets yet? Quick Picks for me, single tickets, multiple locations, and $15 to spend. Bought 3 today. Thats under the tax laws that are in effect now.After January 20th,the dems will be in a position to change the tax laws.Obama campaigned on redistributing the wealth.Translation:Steal from the rich and give to the poor.This clown actually thinks he's Robin Hood!
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Margaritaville United States Member #58035 January 9, 2008 153 Posts Offline |
| Posted: December 3, 2008, 6:53 pm - IP Logged |
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Thats under the tax laws that are in effect now.After January 20th,the dems will be in a position to change the tax laws.Obama campaigned on redistributing the wealth.Translation:Steal from the rich and give to the poor.This clown actually thinks he's Robin Hood! You can take it in 2008....or take your chances that in this recession Obama & the Dems will hold off another year before doing the Robin Hood trick.
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Michigan United States Member #59777 March 12, 2008 68 Posts Offline |
| Posted: December 3, 2008, 7:01 pm - IP Logged |
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Actually, that's after what they withhold, not what you will owe. It's just about guaranteed you are going to owe more. My calculation shows with max tax, living in Michigan, you are going to wind up with additional taxes of almost $8.4m, leaving you just a hair under $61.6m. With a good tax planner, it only gets better.
MaddMike, all the more reason to take the cash option.
Anyone bought tickets yet? Quick Picks for me, single tickets, multiple locations, and $15 to spend. Bought 3 today. well, your calculation is wrong. Mine is right. 70 million after tax, thats pretty good. ill still give u a doller if i win and you dont youll be happy.
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