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Eastern Time (GMT-5:00) | $310 MILLION: Powerball lottery jackpot in rare territoryNEW YORK. RIVERHEAD United States Member #106399 February 17, 2011 7600 Posts Online | | Posted: February 9, 2012, 11:02 am - IP Logged | |
would be nice if it reach to close to a billion dollars jackpot.. would be record breaking and exciting ..what are the chances and posibilitys on that ?? 
PETS#=105-215 | | |
Bahamas
Member #114704
August 5, 2011
422 Posts
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| | Posted: February 9, 2012, 11:02 am - IP Logged | |
I guess you think the lottery is rigged then. You are certainly entitled to that opinion. I just don't think there's any evidence for it. Sure, the jackpot could be won in any of those states. You included several states on your list, and accumulatively I'm sure the players in those states will purchase quite a few tickets so they have a good shot at winning. But any player in any state has an equally good chance of winning, so I'm not sure what it proves. The funny thing is that there are just as many conspiracy-minded people who say that when someone in a big state like New York wins, that's the lottery controlling where it is won. But you say that when a jackpot is not won in a big state, then that's the lottery controlling it. So no matter what happens, I guess the lottery is controlling it, and a cinspiracy exists. Whatever. The QUACKS are losing credibility "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!" | | |
S.E.Iowa United States Member #120520 December 21, 2011 534 Posts Offline | | Posted: February 9, 2012, 11:11 am - IP Logged | |
I had 17, but as the Powerball number. I had 17,too.But the other five numbers eluded me. When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow There ought to be one day - just one - when there is open season on senators. ~Will Rogers | | |
North Carolina United States Member #65081 September 1, 2008 302 Posts Offline | | Posted: February 9, 2012, 11:25 am - IP Logged | |
There should be a "Like" button for comments!!!! LOVE it, mcginnin56!!!! "Don't be a schmuck, always take the cash." -Coin Toss | | |
United States
Member #111467
May 25, 2011
6323 Posts
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| | Posted: February 9, 2012, 11:39 am - IP Logged | |
There should be a "Like" button for comments!!!! LOVE it, mcginnin56!!!! Thank you so much dk1421; hey I like that number!  I'll play that as one of my pick 4's this evening. (A straight pick only, need that $5K)  | | |
PA United States Member #66644 October 16, 2008 1280 Posts Offline | | Posted: February 9, 2012, 11:45 am - IP Logged | |
As usual dpoly you did your math. Almost $20 Million for state taxes though....OUCH!!! Still sounds good however. Enjoy. Not in Pennsylvania! No State or Local Taxes on Lottery winnings! 
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ In Pennsylvania, only name & town are required, no pics and press conference are required .................... | | |
Boise, ID United States Member #94311 July 17, 2010 1050 Posts Offline | | Posted: February 9, 2012, 11:59 am - IP Logged | |
Well, at least I picked the powerball (33)  I had one other number also (17). Bummer that I didn't have more. I had 39 and 33 and am majorly ticked that the prize is the same as matching just the PB that I got for the last draw. I hate this! | | |
United States
Member #111467
May 25, 2011
6323 Posts
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| | Posted: February 9, 2012, 12:00 pm - IP Logged | |
Not in Pennsylvania! No State or Local Taxes on Lottery winnings!
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ In Pennsylvania, only name & town are required, no pics and press conference are required .................... Hey dpoly1, are you refering to the new jackpot of $310 Million? By the way I stand corrected, you are absolutely right, their is no state tax in PA. The reason I was thrown off is by your math. If the jackpot is won at the pressent $310 Million, the lump sum would be $193,400,00.00. Without state tax, the only deduction would be the standard federal 25% or $48,350,000.00. That should be coming up with $145, 050,000.00 (correct?) | | |
Orlando, FL United States Member #115805 August 28, 2011 259 Posts Offline | | Posted: February 9, 2012, 12:02 pm - IP Logged | |
Nobody is buying FL Lotto, the jackpot went from 2 million to 3 million. Very Weak Sales. | | |
PA United States Member #66644 October 16, 2008 1280 Posts Offline | | Posted: February 9, 2012, 12:03 pm - IP Logged | |
Hey dpoly1, are you refering to the new jackpot of $310 Million? By the way I stand corrected, you are absolutely right, their is no state tax in PA. The reason I was thrown off is by your math. If the jackpot is won at the pressent $310 Million, the lump sum would be $193,400,00.00. Without state tax, the only deduction would be the standard federal 25% or $48,350,000.00. That should be coming up with $145, 050,000.00 (correct?) You are correct. But unless you mitigate your tax burden, you are responsible for the highest tax rate of 35% at the end of the year. 
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Orlando, FL United States Member #115805 August 28, 2011 259 Posts Offline | | Posted: February 9, 2012, 12:04 pm - IP Logged | |
Not sure what you mean by the "wrong demographic". The lottery is random, so everyone has an equal chance of winning, no matter where they live. A state or a store does not win the lottery, people do. I will never understand the obsession with a particular "state" winning the jackpot, other than it being fun to see someone close to home win it. Saying that a particular "state" won to support the notion that the lottery somehow controls who wins is the same as saying that the lottery is rigged. And that is not supported by a shred of evidence. Since lots of jackpots are won in liquor stores, does that mean the "drunk demographic" is targeted by the lottery to win a lot? Or does it mean that a lot of lottery tickets happen to be sold in liquor stores? What about the jackpot that was sold in the porn shop? Did the lottery decide that they needed a winner from the "porn demographic"? LOL! Todd! Good points! | | |
Orlando, FL United States Member #115805 August 28, 2011 259 Posts Offline | | Posted: February 9, 2012, 12:06 pm - IP Logged | |
Really starting to believe that it's rigged...I mean come on people: Mega Millions Winning Numbers 2/7/2012 17-23-30-37-45 (04) Powerball Winning Numbers 2/8/2012 17-28-38-39-51 (33) The number schemes are nearly identical! What are the odds that two separate lotteries with different numbers picks & crazy odds draw almost the same identical number pattern on consecutive days?! A: ASTRONOMICAL!!!!! But I'm sure they will LET someone win when it reaches at least a $400m advertised annuity! That's why I haven't spent a dime in this run yet!!! Target is now running a special on new glasses. Perhaps you should pay them a visit. | | |
Fantasy Land United States Member #7435 September 29, 2004 79 Posts Offline | | Posted: February 9, 2012, 12:08 pm - IP Logged | |
Hey dpoly1, are you refering to the new jackpot of $310 Million? By the way I stand corrected, you are absolutely right, their is no state tax in PA. The reason I was thrown off is by your math. If the jackpot is won at the pressent $310 Million, the lump sum would be $193,400,00.00. Without state tax, the only deduction would be the standard federal 25% or $48,350,000.00. That should be coming up with $145, 050,000.00 (correct?) That is the withholding. Come tax day 2013 you'd owe Uncle Sam another $19.34 million more or less, depending on your tax situation (charity and other deductions could reduce your taxable income). But until tax day (14 months away) you'll have that additional 20 million to do something with and earn some income off of. | | |
British Columbia Canada Member #116120 September 4, 2011 2432 Posts Offline | | Posted: February 9, 2012, 12:12 pm - IP Logged | |
Big Big Big "You have to be in it to win it!" | | |
United States
Member #111467
May 25, 2011
6323 Posts
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| | Posted: February 9, 2012, 12:16 pm - IP Logged | |
You are correct. But unless you mitigate your tax burden, you are responsible for the highest tax rate of 35% at the end of the year.
You are a scholar, I am a fool.  | | |
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