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$540 MILLION: Mega Millions buying frenzy sparks another jackpot increase

Topic closed. 387 replies. Last post 2 years ago by gordianknot.

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United States
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December 28, 2008
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Posted: March 30, 2012, 11:19 am - IP Logged

Hand me the butter knife out of the draw and stand back... I have a MONSTER to take down! Surrender

It will   take more than a butter knife to take down this monsterScared. Good Luck on that  fight LotteryLeroy.Scared

    bluefox10's avatar - Lottery-061.jpg
    New Member
    New Jersey
    United States
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    March 17, 2012
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    Posted: March 30, 2012, 11:52 am - IP Logged

    Jackpot just reached $640 Million!!!!

      Arrowhead's avatar - underground
      Ohio
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      Member #120759
      December 27, 2011
      248 Posts
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      Posted: March 30, 2012, 1:02 pm - IP Logged

      Three of my friends have won the Mega Millions separately over the past decade and they are all doing just fine and have their money. The one that I am closest to bought a half a million dollar house cash and a couple of six figure cars and lives off of $10,000 a month interest. One of the other ones lives a couple miles from my house and has a beautiful big home with an indoor pool on 10 acres with a pond and a large pole barn where he fixes boats and cars on the side, and he and his wife never quit their jobs. 

      If you are not an idiot and establish a budget, you will be just fine, and stay away from strippers, cocaine and casinos. The first guy I mentioned split his winnings with another guy he worked with and he unfortunately did not avoid those things and well, he is broke now. 

      Seriously, THREE OF YOUR FRIENDS won the (I assume you meant) top MM prize in the past 10 years?

      Those odds are about as long as actually winning the jackpot yourself...What?

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        South Carolina
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        March 30, 2012
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        Posted: March 30, 2012, 1:03 pm - IP Logged

        Jackpot just reached $640 Million!!!!

        Hi, goodmorning to you...yea it's an insane amount isn't it?Banana

          Arrowhead's avatar - underground
          Ohio
          United States
          Member #120759
          December 27, 2011
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          Posted: March 30, 2012, 1:23 pm - IP Logged

          Oh, you are comfortable with continually informing the Lottery Headquarters of your:  primary address,  checking account and routing # to receive an "electronic transfer" of this game's 26 annual annuity payments?

          Oh, you are comfortable with the ever increasing # of "hackers" who are drawn to attempting to break into various financial institutions and lottery headquarters' online client files?

          Oh, you are comfortable with the available knowledge that the U.S.A. has been in it's biggest recession, these past 5.3 years, ever experienced?  Plus, the available knowledge that past Federal Income Taxes have been been higher than 51% and could return to OR even surpass that rate [this year the highest Federal Income Tax Bracket is at 35%, which still isn't low, yet is approximately what it has been for a couple of decades]?  Yet, also is the fact that several states have jumped on the 'increase state income tax % train' lately!

          Interesting comfort levels ... White Bounce

          So, if you win the MM tonight, your state allows you to completely maintain your anonymity behind a blind trust? Because if not, the same 'hackers' will have enough information about you to do whatever they wish, and even if that's the case, what's to stop them from "attempting to break into various financial institutions and lottery headquarters' online client files" on a one-time payout, particularly one of this magnitude with this much publicity surrounding it?

          I'm comfortable, thanks...Wink

            ashabug725's avatar - Yavill
            Indiana
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            Member #122873
            February 9, 2012
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            Posted: March 30, 2012, 1:37 pm - IP Logged

            Hmm, I don't think it's the same. The guy I'm thinking of married his high-school sweetheart, went in on a hotel with some stranger and then funded a family members idea for a plumbing part. He now (or at least at the time of the show) had to work miles from his family because, as he believes, nobody wants to give him work in his hometown because they're jealous he won and blew it.

            That's who I was thinking of also

            I wish I may, I wish I might...
                       Win the Powerball jackpot THIS big night!!!

              ashabug725's avatar - Yavill
              Indiana
              United States
              Member #122873
              February 9, 2012
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              Posted: March 30, 2012, 1:43 pm - IP Logged

              This is historical. World's largest Jackpot...and growing like a pregnant whale. Who wouldn't want to be a part of this unprecedented lottery history?

               

              No one is complaining, because their to busy looking for a lottery terminal that hasn't melted down or caught on fire  Mad    yet, to place their bets!

              I've hardly seen anybody buying tickets around here!!! I've maybe seen $50 being bought in my many gas station adventures (besides my winning one)

              I wish I may, I wish I might...
                         Win the Powerball jackpot THIS big night!!!

                ashabug725's avatar - Yavill
                Indiana
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                February 9, 2012
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                Posted: March 30, 2012, 1:48 pm - IP Logged

                GOOD MORNING LP friends,

                well today is the day when it's all up in the air about the largest Jackpot in American History. Will there ever be another one to top this one,maybe tonight will tell. If's there is NO WINNERS,then You can guess we're in unknown territory. I will buy my 100.00 dollars worth of tickets today in a SMALL TOWN USA.. Maxton,nc if any of you know where that is at. Going out of my Water Tower Town to try my luck. If I don't win,5 numbers right or the Whole Jackpot,then I guess it was'nt my time to win. But if it's not won tonight,then I guess I will buy two hundred dollars worth of ticket's on Tuesday. What a life it will be..Of course I will get all my Ducks in a Row first.

                Water tower town... Love me some Scotty mccreery!!!

                I wish I may, I wish I might...
                           Win the Powerball jackpot THIS big night!!!

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                  South Carolina
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                  March 30, 2012
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                  Posted: March 30, 2012, 2:24 pm - IP Logged

                  You know, I was just thinking, the State of Illinois, is now testing out the online lottery ticket sales for the Mega Millions game.
                  However I'm interested in the legal logistics of this.

                  For one it seem's that this will effect the State economy overall, since vendor's have grown to depend upon lottery ticket sales as a part of their profits etc.

                  The State is kind of shafting the vendor's by doing this, and in a way is most likely circumventing the allocating amounts in which they passed as part of the lottery laws, it's operational costs, advertising etc. as well as funding.

                  I do think it would be a bad idea to allow purchases to be made using credit cards, for gambling, however a debit should be okay.

                  But either way, there is still the issue of the vendor's.

                  For example South Carolina, if they have any excess amounts such as the taxes collected on Jackpot amounts which aren't allocated into the Educational purposes, but put into a "general Fund", this general fund may be allocated for anything that the State legislatures may wish to direct the funds too, even themselves, for example if they choose to allocate a one time 1-2% State employee bonus then those amounts would also benefit the General Assembly (and yes, they have brought the bonus idea up recently).

                  Also I feel, that all member States should coordinate with eachother, prior to offering free game tickets for the multi-State games.
                  Otherwise it would throw a favor towards one State over the other, since the State would be really buying the free tickets for their State players, in order to increase the States chances of having a winner, or multiple winner in their State, thus making even more profits by their investment, since they will get a higher return by the taxes.

                  Does anyone else feel a bit concerned about free multi-State game tickets being given out to residents of one State, and not the same afforded to all of the other States?
                  Enumeration would dictate that higher populated States, would gain even more by giving out freebies.

                  Or do I have this all wrong? idk, I only have a problem for free game tickets in one State and not the others, for the multi-State games only.

                  Something worthy to think about!

                    TheGameGrl's avatar - p42a
                    Pennsylvania
                    United States
                    Member #17084
                    June 10, 2005
                    3100 Posts
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                    Posted: March 30, 2012, 8:06 pm - IP Logged

                    Gordianknot,I get what your concepts entail, Just a wee bit perplexed in how a program which each state who participates has to be regulated? Its my understanding that each state who participates has rules but not one of them is to come to a GROUP decision on how state run "enticers" are played. They are at liberty to promote within the rules by the Multistate guidelines. I cringe though that a state would line its own politicians though....Our state lottery gives to a senior sector ....

                    So no I am not too concerned with these state run freebies (enticers).Ya either win or ya dont.

                    Tonight though I shall step up and graciously win the entire jackpot! :) A Dollar and a dream at a time.

                    ________________________________

                    Signature quote-If I'd agree with you , we'd both be wrong.

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                      South Carolina
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                      March 30, 2012
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                      Posted: March 30, 2012, 10:22 pm - IP Logged

                      Gordianknot,I get what your concepts entail, Just a wee bit perplexed in how a program which each state who participates has to be regulated? Its my understanding that each state who participates has rules but not one of them is to come to a GROUP decision on how state run "enticers" are played. They are at liberty to promote within the rules by the Multistate guidelines. I cringe though that a state would line its own politicians though....Our state lottery gives to a senior sector ....

                      So no I am not too concerned with these state run freebies (enticers).Ya either win or ya dont.

                      Tonight though I shall step up and graciously win the entire jackpot! :) A Dollar and a dream at a time.

                      Ty for the reply, and your thoughts on the matters, yea it's a bit disconcerting, knowing that they left a catch 22 in there in which they could easily manipulate,
                      and profit from at the expense of players/citizans.

                      For years I had been a gambler, for the most part from playing video gambling devices, that was until S.C decided that they wanted all of those dollars, and destroyed
                      A whole industry by making games of chance illegal.

                      At first, lawmakers stated they would allow the people of the State to vote on keeping gambling devices or making them illegal, then they changed their mind (feared that it would garner enough votes to keep them).

                      So instead they made them illegal, then when they wanted to create the lottery, they needed a means to give an exception to the rules, since a "Lottery Terminal" by the States own definition is considered a gambling device, and no distinction between a video poker/keno or lottery terminal, so they needed  the people of S.C to vote to have the lottery.

                      I voted against it, mostly based upon principles, since I also knew that it wasn't really going to be about education as they claim.

                      My biggest concern, was that they advertised originally that it was going to be for educational purposes, and of course most sane people I included (at least I hope I'm sane), could never argue against a State having more tools (money) to increase the availability of eductional quality for students.

                      But instead the vast majority of the funds collected for education, goes towards grants and scholarships, so it hasn't really effected a depreciation of taxation in the area of education in which matters most, the public educational system.

                      Instead it has supported secondary education, AKA the universities, allowing them to increase tuition costs, and giving higher incentitives to professor's in order to retain them.
                      But it also has driven the costs out of control.

                      I always thought, that all revenues raised by the State for educational purposes, should be allocated exclusively from the K-12 since it's excepted by the societies that basic education is the very least in which the societies should provide to the youths.

                      When they graduate, and decide to learn a trade, by attending an institution of higher learning, that's a responsibility I think in which should rest with the parents, or responsible party.
                      And while those graduating from an institution of higher learning, will eventually (with the exception of the recent lack of job's in the market) contribute to the societies via via adding to the national GDP.

                      I think giving grants etc. from State revenues to Universities is unfair, to the K-12 public educational system.
                      Since those monies being given will directly benefit only the towns/cities in which have Universities etc.
                      Whilst our public school system is underpaying the Teachers whom prepare those youth's for higher education.

                      Now onto your remark regarding "graciously win the entire jackpot :)" that couldn't be more of truth, if I had spoken it myself, I like to think that when I win tonight, I to would act deligently, and in a cautious manner, to insure that those monies would be shared, but also not used foolishly, since everyone of those dollars, were someones elses wishes and dreams!
                      That's the very least one should do, that is respect everyones best of hopes!

                      Best of luck tonight! ;)

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                        South Carolina
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                        Posted: March 31, 2012, 12:53 am - IP Logged

                        Yea I know, I can post doozies as far as posts go.
                        You see. while I understand that incentitives can be used for advertising purposes, I also think that giving free plays for multi-State games if it is not coordinated across the board for all member States, it does sway, and change the fairness of the multi-state games.
                        For example States on average get to keep some 65% of all ticket sale prices, and 35% or $0.65 (or $1.30 for megaplier, and $ 1.30 and $1.95 for power ball power up) is kept by the State.
                        So a State can give a free ticket play for a mere $0.35, whilst the average person playing will have to pay $1.00 ($2.00) or $2.00 and $3.00 for a game play.
                        So a State that gives out free multi-state tickets, throws the odds in their favor of having more winners, and jackpot winners for a drawing.
                        That is an area I think in which needs, and should be addressed.

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                          South Carolina
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                          Posted: March 31, 2012, 3:26 am - IP Logged

                          Congrat's to the single Mega Millions jackpot (as of the current time I'm posting) from Maryland..... WOW is all I have to say, although I thought that there would be between 5-7 winners sharing the Mega Millions Jackpot, once I noticed that #23 had been drawn as both a white ball, and as the Gold Mega Ball, I pretty much new that it reduced the chances of having so many winners.

                          So with that, again Congrat's to the single winner, and it is in my hopes that you use my wishes and dreams wisely!

                             
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