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Eastern Time (GMT-5:00) | Mechanic and his wife are Missouri winners of $588M Powerball jackpotUnited States Member #131464 August 11, 2012 86 Posts Offline | | Posted: December 2, 2012, 12:06 am - IP Logged | |
Does anyone know what the total take, not just the prize, was for this drawing? It's usually double the actual prize, I think. If the lottery payout is still less that 50%, that difference is an awful big one. The last big one, the Mega Million drawing, actually took in over a $1,000,000,000. I'm guessing it is less then billion. 587 mil - 325 mil = 252 mil. (increase for jackpot), but this is annuity based, so not real number 719 mil - 587 mil = 132 mil (in second and below prizes) 252 mil + 132 mil = 384 mil in payout. Even though the jackpot increase is annuity based, and you would think 384 mil is 50%, still not enough for the billion.
But over the course of 16 drawings before it got that big it def-ly took in more than a billion of our earned money.
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Germantown, Md. United States Member #134627 November 1, 2012 8 Posts Offline | | Posted: December 2, 2012, 8:01 pm - IP Logged | |
Sometimes Lady Luck does pick the right people. I always say when there is a winner " I hope it is someone who needs it and someone who can handle it". I hope that the Hills get their teem of Professionals together and this will last for many generations to come. Mrs. Hill said they would like to adopt another child from China, They can adopt a whole village now. | | |
Texas United States Member #132464 September 4, 2012 271 Posts Offline | | Posted: December 3, 2012, 10:48 am - IP Logged | |
They deserved the winnings here, both have their own stories to tell and surely, they are good person. | | |
United States Member #93192 June 23, 2010 646 Posts Offline | | Posted: December 3, 2012, 4:54 pm - IP Logged | |
I didn't know that the Powerball Jackpot was revised upward to $588 million. It will be part of my current event speech for tomorrow. Explain why this Powerball Jackpot was revised upward to $588 million after sales? | | |
Milwaukee, WI United States Member #3189 December 27, 2003 591 Posts Offline | | Posted: December 4, 2012, 8:16 am - IP Logged | |
Now they are crying how the want to live normally in an article. Waaaaaaaaa! Poor me, all this money........ Was it better out of a job? | | |
Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12453 Posts Online | | Posted: December 4, 2012, 8:58 am - IP Logged | |
Now they are crying how the want to live normally in an article. Waaaaaaaaa! Poor me, all this money........ Was it better out of a job? I didn't notice any crying. Sounded pretty happy to me. | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14810 Posts Offline | | Posted: December 4, 2012, 9:07 am - IP Logged | |
I'm guessing it is less then billion. 587 mil - 325 mil = 252 mil. (increase for jackpot), but this is annuity based, so not real number 719 mil - 587 mil = 132 mil (in second and below prizes) 252 mil + 132 mil = 384 mil in payout. Even though the jackpot increase is annuity based, and you would think 384 mil is 50%, still not enough for the billion.
But over the course of 16 drawings before it got that big it def-ly took in more than a billion of our earned money.
Excellent point tvboris, very few people notice that the states take in HUGE amounts of money week after week after week after week while paying out ZERO in JP money....... | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14810 Posts Offline | | Posted: December 4, 2012, 9:08 am - IP Logged | |
Now they are crying how the want to live normally in an article. Waaaaaaaaa! Poor me, all this money........ Was it better out of a job? Its the curse..... | | |
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