$400 MILLION: Powerball jackpot skyrockets

Aug 4, 2013, 1:28 am (259 comments)

Powerball

4th-largest US jackpot ever; 6th-largest cash value

By Todd Northrop

For only the 4th time in the history of United States lotteries, a lottery jackpot has grown to $400 million or more.

The new high-water mark of $400 million for the current Powerball jackpot was achieved after no winning tickets were sold for Saturday night's $307.2 million grand prize.

The lump-sum cash payout value of Wednesday's Powerball jackpot is $230.3 million.  After-tax cash and annuity prize amounts are reported state-by-state on the Jackpot Analysis page at USA Mega, a web site devoted to the Powerball and Mega Millions multi-state lottery games.

This is the largest Powerball jackpot since May 18, 2013, when Gloria C. MacKenzie of Zephyrhills, Florida, held the solitary winning ticket for the largest Powerball jackpot ever awarded (see Winner of record $590.5 million Powerball lottery jackpot announced, Lottery Post, June 5, 2013).

Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.

The mammoth prize is the result of 12 consecutive draws without a winner.  The run-up started as a $40 million prize on June 26, 2013.

The winning numbers for Saturday, August 3, 2013 were 21, 24, 36, 42, and 45, with Powerball number 15.

Even though nobody won the jackpot Saturday, 9 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from California, 1 from Florida, 2 from Georgia, 2 from Michigan, 1 from Pennsylvania, 1 from Texas, and 1 from Washington.

The California second-prize winner will be awarded $1,159,103, because California does not award fixed prizes. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.

Only two of the second-prize winners purchased the Power Play option — the tickets sold in Florida and Texas. Because those two tickets were purchased with the Power Play option their second-prize win is automatically doubled to $2 million. Power Play is not available in California, because the fixed nature of the prize increase offered in Power Play is not compatible with California's pari-mutuel payouts.

78 tickets matched four white numbers plus the Powerball and won $10,000.  Of those tickets, 11 were purchased with the Power Play option, increasing the prize to $40,000, and 8 of the tickets were sold in California, where the prize was worth $11,505 this drawing.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $92.8 million from its previous amount of $307.2 million. The cash value was raised by $53.5 million from its previous amount of $176.8 million.

The next Powerball drawing will take place Wednesday night at 10:59 pm Eastern Time.

When a Powerball ticket is purchased with the Power Play option for an extra $1 per ticket, any non-jackpot prize is increased according to a fixed prize schedule, which can be found on the Powerball Drawing Detail page at USA Mega, as well as on the Powerball Prize Payouts page at Lottery Post.

Powerball is now played in 43 states, plus the District of Columbia and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Time.  Tickets cost $2 each.

A 44th Powerball state will be added in early 2014, as the state of Wyoming has approved a new state lottery with the intention of joining Powerball and other multi-state lottery games.  (See Wyoming officially becomes 44th state with a lotteryLottery Post, Mar. 14, 2013.)

Powerball lottery results are published within minutes of the drawing at USA Mega (www.usamega.com).  The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Powerball.

Top 25 United States lottery jackpots of all time

Wednesday's Powerball jackpot currently stands as the 4th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing Wednesday night, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

If nobody wins Wednesday, it's anyone's guess how high it will go.

  1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  2. Powerball: $590.5 million, May 18, 2013 - Florida
  3. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  4. Powerball: $400 million, Aug. 7, 2013 - Preliminary estimate, not yet won
  5. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  6. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  7. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  8. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  9. Powerball: $340 million, Oct. 19, 2005 - Oregon
  10. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  11. Powerball: $337 million, Aug. 15, 2012 - Michigan
  12. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  13. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  14. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  15. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  16. Mega Millions: $319 million, Mar. 25, 2011 - New York
  17. Mega Millions: $315 million, Nov. 15, 2005 - California
  18. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  19. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  20. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  21. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  22. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  23. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina
  24. Mega Millions: $275 million, Feb. 22, 2008 - Georgia
  25. Mega Millions: $270 million, Feb. 28, 2006 - Ohio

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Powerball: 13
  • Mega Millions: 10
  • The Big Game: 2

The Big Game is the original name of Mega Millions, from the game's first drawing on Sep. 6, 1996 through May 14, 2002.  The name was changed to Mega Millions starting with the May 17, 2002 drawing.

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

Looking at the cash value, the upcoming Powerball jackpot ranks as the 6th-largest cash value in U.S. history.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  3. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  4. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  5. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  6. Powerball: $230.3 million cash, Aug. 7, 2013 ($400 million annuity) - Preliminary estimate, not yet won
  7. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  8. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  9. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  10. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  11. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  12. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  13. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  14. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  15. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  16. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  17. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  18. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  19. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  20. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  21. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
  22. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
  23. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey
  24. Mega Millions: $153.3 million cash, Dec. 27, 2011 ($208 million annuity) - New York
  25. Powerball: $151.7 million cash, Nov. 2, 2011 ($254.2 million annuity) - Connecticut

The number of jackpot cash values in the top 25, by lottery game, are:

  • Mega Millions: 13
  • Powerball: 11
  • The Big Game: 1

Lottery Post Staff

Comments

ThatScaryChick's avatarThatScaryChick

I might actually buy a couple of tickets now.

tnlotto1's avatartnlotto1

PartyHurray!

Erzulieredeyes's avatarErzulieredeyes

L--O--V--E  these huge ridiculous jackpots! :)

 

The bigger they get, the greedier and superficial my imagionation becomes..lol

whiteballz's avatarwhiteballz

believe in something bigger!

OldSchoolPa's avatarOldSchoolPa

Quote: Originally posted by ThatScaryChick on Aug 4, 2013

I might actually buy a couple of tickets now.

I will be buying a ticket or two every day until the drawing Wednesday. I will thank everyone who contributed to my retirement account during the press conference I conduct in disguise about 3 weeks from now.

But I am not dreaming about what I will do with all that money because the drawing has not happened yet to confirm my win, so I find it pointless to dream about something that has not happened yet. But let those numbers fall my way, then I will take about 2 weeks to dream about what I will do while I meet with tax and investment professionals...oh, and I forgot to add lawyers because my situation is not optimum now.

Teddi's avatarTeddi

Quote: Originally posted by Erzulieredeyes on Aug 4, 2013

L--O--V--E  these huge ridiculous jackpots! :)

 

The bigger they get, the greedier and superficial my imagionation becomes..lol

I Agree! I know, right?

PrinceRene

I bought my Powerball tickets an hour ago. Good luck everyone.

 

powerball ticket

peppy007

Quote: Originally posted by PrinceRene on Aug 4, 2013

I bought my Powerball tickets an hour ago. Good luck everyone.

 

powerball ticket

I didnt know u could buy pb tickets after the deadline. Gonna check around my neighborgood to see whats the earliest I can play pb for the following drawing. Good luck everyone.

hearsetrax's avatarhearsetrax

makes me grin

so the official frenzy begins eh .......

hehehe

best of luck to those playing and may it hit  in VA, preferably me !!

brees2012's avatarbrees2012

     I was 100% ready to win the Powerball ......

     Plans and luggage all ready to go.......

 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    Payout : $161,210,000

    Share with several people and organizations

   

BuyLow's avatarBuyLow

I'm going to see how many people at Publix I can slide in front of...

 

Jack-in-the-BoxPartyJack-in-the-BoxParty

BuyLow's avatarBuyLow

Quote: Originally posted by whiteballz on Aug 4, 2013

believe in something bigger!

Thats a great ad!

Piaceri

Scared

 

DancePartyBananaPartyHyperDancePartyBanana

 

Crazy

 

White Bounce

 

Disney

singlewinnersinglewinnersinglewinner!!!

Green laugh

dallascowboyfan's avatardallascowboyfan

$400 million Hurray!

CLETU$

Quote: Originally posted by Piaceri on Aug 4, 2013

Scared

 

DancePartyBananaPartyHyperDancePartyBanana

 

Crazy

 

White Bounce

 

Disney

singlewinnersinglewinnersinglewinner!!!

Green laugh

I Agree! No words needed!

mypiemaster's avatarmypiemaster

Been there done that PartyWhats all the celebration about? What?What?What?What?What?.

wizeguy's avatarwizeguy

Quote: Originally posted by Piaceri on Aug 4, 2013

Scared

 

DancePartyBananaPartyHyperDancePartyBanana

 

Crazy

 

White Bounce

 

Disney

singlewinnersinglewinnersinglewinner!!!

Green laugh

Yes, single winner! Then get a prenup before marrying!! Thumbs Up

 

Good luck to all !!!

Artist77's avatarArtist77

It increased by $ 100 million??? Unreal.

rock_nc's avatarrock_nc

There were no jackpot winners Saturday, but 1,807,981 players across the nation won more than $22.5 Million in prizes in America's Game.   That's alot of winners! But not any 5 numbers right winners in North Carolina. I didn't get but 2 numbers on my ticket correct!  Will get my 6 dollars worth on Wednesday! Good Luck to all of you!!!! Looking on the Powerball page, there was 188,786 winners from the State of California alone who bought the top amount of tickets on Saturday! New York was 2nd most amount of winners, Florida was 3rd with the most winners!

hearsetrax's avatarhearsetrax

Quote: Originally posted by wizeguy on Aug 4, 2013

Yes, single winner! Then get a prenup before marrying!! Thumbs Up

 

Good luck to all !!!

to hades with getting married .... but heres to it being a single ticket winner and ME !!

Ronnie316

Quote: Originally posted by hearsetrax on Aug 4, 2013

to hades with getting married .... but heres to it being a single ticket winner and ME !!

"Single ticket winner"..... Is that the opposite of a married ticket winner?

Ronnie316

$400 million sounds like a barrel of fun.

Ronnie316

Quote: Originally posted by Artist77 on Aug 4, 2013

It increased by $ 100 million??? Unreal.

Sounds like they are anticipating selling 100 million lines. I wonder if anyone will win on Wed.?

Ronnie316

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Sounds like they are anticipating selling 100 million lines. I wonder if anyone will win on Wed.?

What are the odds?

Ronnie316

$400 million on the line and still in reaction from Thrifty........

$400 MILLION: Powerball jackpot skyrockets

5 members gave this topic an average rating of 5 out of 5

Member Rating
tnlotto1 5 stars
PrinceRene 5 stars
hearsetrax 5 stars
wizeguy 5 stars
Ronnie316 5 stars
HoLeeKau's avatarHoLeeKau

Mid-draw bump in value was 10 million for the last draw.  What will it be for this one?

Ronnie316

Quote: Originally posted by HoLeeKau on Aug 4, 2013

Mid-draw bump in value was 10 million for the last draw.  What will it be for this one?

They blew the entire wad of cash by raising it $100 million and I think its a real smart move on their part.

Uff Da!'s avatarUff Da!

A $400,000 jackpot will make a very nice birthday gift on Wednesday.  Yes, siree!  I'd even be willing to share.

Ronnie316

Quote: Originally posted by Uff Da! on Aug 4, 2013

A $400,000 jackpot will make a very nice birthday gift on Wednesday.  Yes, siree!  I'd even be willing to share.

Who would you share with?

Uff Da!'s avatarUff Da!

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Who would you share with?

Well, I have 16 relatives and a domestic partner to start.  But even if there were a dozen or more jackpot winners, there would be plenty for me.  In fact, I'd be quite happy with a second place, for that matter, though the relatives wouldn't get much in that case.

mypiemaster's avatarmypiemaster

Quote: Originally posted by Ronnie316 on Aug 4, 2013

"Single ticket winner"..... Is that the opposite of a married ticket winner?

"Single ticket winner"..... is actually a MISNOMER. Any jackpot sold in the good ol' US of A is shared between-the winner and the feds, and/or the state, and/or the city or municipality. The best way to look at it is........a married person living together, buys a jackpot winning ticket, decides out of greed or whatever, not to tell the spouse. The spouse finds out, sues, and an A-HOLE judge awards the whole jackpot to the spouse who sued. The spouse that won the case, now divorces the greedy spouse that actually won the jackpot in the first place, without any fear of sharing the loot as part of marital assets. NOW, THATS WHAT I CALL, "SINGLE TICKET WINNER". Deep but total BS.

Ronnie316

Quote: Originally posted by Uff Da! on Aug 4, 2013

Well, I have 16 relatives and a domestic partner to start.  But even if there were a dozen or more jackpot winners, there would be plenty for me.  In fact, I'd be quite happy with a second place, for that matter, though the relatives wouldn't get much in that case.

That sounds like a real nice gesture but once you start giving all of them money how will you be able to stop giving them money without going broke or having them hate on you?

Ronnie316

Quote: Originally posted by mypiemaster on Aug 4, 2013

"Single ticket winner"..... is actually a MISNOMER. Any jackpot sold in the good ol' US of A is shared between-the winner and the feds, and/or the state, and/or the city or municipality. The best way to look at it is........a married person living together, buys a jackpot winning ticket, decides out of greed or whatever, not to tell the spouse. The spouse finds out, sues, and an A-HOLE judge awards the whole jackpot to the spouse who sued. The spouse that won the case, now divorces the greedy spouse that actually won the jackpot in the first place, without any fear of sharing the loot as part of marital assets. NOW, THATS WHAT I CALL, "SINGLE TICKET WINNER". Deep but total BS.

Green laugh Very good. I'm just going to give half to my favorite charity who wont pay any taxes on their half.

RedStang's avatarRedStang

Looks like another week of Mac & Cheese and Dollar menus. Life is good.

Prob988

Well, it seems like a giant Jackpot, but it appears that practically everyone on this website, hundreds of people, will all win it and it will be so divided that it will become small.

Just kidding...

mypiemaster's avatarmypiemaster

Quote: Originally posted by RedStang on Aug 4, 2013

Looks like another week of Mac & Cheese and Dollar menus. Life is good.

Another week of Mac & Cheese and Dollar menus, will pale in comparison if you manage to win 1st/2nd price. Sacrifices must be made. It is part of the process and the win gets to be even sweeter.

Ronnie316

Quote: Originally posted by Prob988 on Aug 4, 2013

Well, it seems like a giant Jackpot, but it appears that practically everyone on this website, hundreds of people, will all win it and it will be so divided that it will become small.

Just kidding...

I don't remember ever seeing more than 2 winners for a PB jackpot.

stunna6036's avatarstunna6036

WOW......400 million dollar annuity. I surely hope if not me someone wins this time around.  Good luck to all who play.

Ronnie316

Quote: Originally posted by stunna6036 on Aug 4, 2013

WOW......400 million dollar annuity. I surely hope if not me someone wins this time around.  Good luck to all who play.

With the number of tickets being sold I think there's still only about a 50/50 chance someone will win.

Ronnie316

Thumbs Up

Ronnie316

Thumbs Down

sandia's avatarsandia

Quote: Originally posted by Uff Da! on Aug 4, 2013

A $400,000 jackpot will make a very nice birthday gift on Wednesday.  Yes, siree!  I'd even be willing to share.

  Hopefully, you might get that chance Uff. However, don't short change yourself, you omitted a few zeros in your number.

 

      Best luck to ya.

megan81's avatarmegan81

Quote: Originally posted by Uff Da! on Aug 4, 2013

A $400,000 jackpot will make a very nice birthday gift on Wednesday.  Yes, siree!  I'd even be willing to share.

Happy early birthday!

megan81's avatarmegan81

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Green laugh Very good. I'm just going to give half to my favorite charity who wont pay any taxes on their half.

Yes, that's true! THEY won't pay any taxes, but YOU will have to pay some of the taxes (you can only get a charitable tax deduction on a portion of such a large donation (you cannot deduct more than 30% of your income)--the rest is taxable)

However, it will be worth it on your part, because you will be doing a selfless, wonderful thing!!! Good for you!!!

mypiemaster's avatarmypiemaster

I've always heard that you make enemies, of your friends and relatives, if you win a monster jackpot, and decide to give them money. That they never ever think, that you gave them enough. Should you just give their share to charity, and tell them to just suck it up?

stunna6036's avatarstunna6036

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Thumbs Down

It would really suck thou if mega has another jackpot winner before pb...........

dpoly1's avatardpoly1

Ima gonna win big time ................. If I have the right numbers on Wednesday LOL

It's good to be 'Green' ........................ with money Jester

Uff Da!'s avatarUff Da!

Quote: Originally posted by Ronnie316 on Aug 4, 2013

That sounds like a real nice gesture but once you start giving all of them money how will you be able to stop giving them money without going broke or having them hate on you?

Simple.  At my age, I probably won't have long to worry about it.  Plus, I'll make it clear from the start that the bulk of the money will be going to charity.

Romancandle's avatarRomancandle

Wow... it rolled Crazy !!!!

Will PB finally dethrone MM for the #1 lottery game jackpot of all time on this run???

Strap yourself in... this could be one heck of a ride this week Guitar

Uff Da!'s avatarUff Da!

Quote: Originally posted by megan81 on Aug 4, 2013

Yes, that's true! THEY won't pay any taxes, but YOU will have to pay some of the taxes (you can only get a charitable tax deduction on a portion of such a large donation (you cannot deduct more than 30% of your income)--the rest is taxable)

However, it will be worth it on your part, because you will be doing a selfless, wonderful thing!!! Good for you!!!

That's only partially true.  There are 30% organizations - and there are 50% organizations.  If you set up your own trust and make all your donations through that trust, yes, the limit is 30%.  But you can donate directly to 50% organizations, in which case your limit is obviously higher.  Many well-known organizations are 50% organizations.  The community foundation located in my county, through which I could create scholarships, support the local library, support the local animal welfare groups, etc., is a 50% organization.  See the IRS website for more details on the taxation of charitable donations.

mypiemaster's avatarmypiemaster

Quote: Originally posted by Uff Da! on Aug 4, 2013

That's only partially true.  There are 30% organizations - and there are 50% organizations.  If you set up your own trust and make all your donations through that trust, yes, the limit is 30%.  But you can donate directly to 50% organizations, in which case your limit is obviously higher.  Many well-known organizations are 50% organizations.  The community foundation located in my county, through which I could create scholarships, support the local library, support the local animal welfare groups, etc., is a 50% organization.  See the IRS website for more details on the taxation of charitable donations.

So 30% orgs. might really get shortchanged, if the general public, are aware of the disparity in the tax implications. Then again, if I  have $400m, Lovies this disparity will only be but a mute point.

whiteballz's avatarwhiteballz

Quote: Originally posted by mypiemaster on Aug 4, 2013

So 30% orgs. might really get shortchanged, if the general public, are aware of the disparity in the tax implications. Then again, if I  have $400m, Lovies this disparity will only be but a mute point.

I think you mean moot point.

http://grammarist.com/usage/moot-mute/

In the common phrase moot point, moot means (1) of no importance or (2) merely hypothetical. This is where moot most often gets confused with the adjective mute, which means (1) refraining from making sound or (2) silent.

Moot also has a verb definition—to bring up for debate—that is almost nonexistent in American English and rare in British English.

IamTheWinner

on wednesday jackpot will roll over 600 million, i am going to win. US FlagPartyWhite Bounce

Artist77's avatarArtist77

Quote: Originally posted by whiteballz on Aug 4, 2013

I think you mean moot point.

http://grammarist.com/usage/moot-mute/

In the common phrase moot point, moot means (1) of no importance or (2) merely hypothetical. This is where moot most often gets confused with the adjective mute, which means (1) refraining from making sound or (2) silent.

Moot also has a verb definition—to bring up for debate—that is almost nonexistent in American English and rare in British English.

I am always amazed at the number of people who confuse the two terms, even well educated people. I was at a meeting years ago and heard a guy use the word mute and it took me 5 minutes to get what he meant...lol

Uff Da!'s avatarUff Da!

Quote: Originally posted by mypiemaster on Aug 4, 2013

So 30% orgs. might really get shortchanged, if the general public, are aware of the disparity in the tax implications. Then again, if I  have $400m, Lovies this disparity will only be but a mute point.

The difference between 30% and 50% of the cash value of this jackpot is roughly $46 million. And the taxes on that amount would be roughtly $18 million. I wouldn't call that a moot point.  Who do I think would make the best use of those millions - the federal government or the specific organizations to which I'd choose to donate.  Hmmmmmm, I wonder.

Tax considerations, though, should not be the main factor in deciding where to donate IMO.  It all depends upon one's objectives.  In reality, if I had the kind of money we are talking about here, I'd probably end up with a combination of donating through a community foundation, donating directly to specific 50% organizations that didn't meet the rules of the community foundation (e.g. not located specifically in this community), and setting up my own foundation for the rest.

Prob988

Quote: Originally posted by Ronnie316 on Aug 4, 2013

I don't remember ever seeing more than 2 winners for a PB jackpot.

It was a joke.

I was merely remarking on the fact that whenever a jackpot gets huge, many people make posts indicating that they are going to win it.   If everyone who says they are going to win the jackpot here actually did so, the jackpot would be small.

Goteki54's avatarGoteki54

The only reason why I didn't win the jackpot Saturday Night is because I am not ready to retire yet.Big Smile I might be ready to make an exception Wednesday Night though. I'll think about it.Big Smile

alexnt55

Quote: Originally posted by Romancandle on Aug 4, 2013

Wow... it rolled Crazy !!!!

Will PB finally dethrone MM for the #1 lottery game jackpot of all time on this run???

Strap yourself in... this could be one heck of a ride this week Guitar

Will have to roll Wed and roll agaian Saturday to beat the Mega JP record. Especially the cash value record which was 471 mill when the MM record was set. When the MM record was set the annuity value was 656 mill and the cash value was 471 mill which was almost 72% of the annuity. Right now there saying 400 mill annuity with cash value at 230 mill which is a little under 58% of the annuity. at that rate it would take an annuity of over 800 mill to break the cash record. Need to have 2 rollovers to get to that.

IamTheWinner

Quote: Originally posted by alexnt55 on Aug 4, 2013

Will have to roll Wed and roll agaian Saturday to beat the Mega JP record. Especially the cash value record which was 471 mill when the MM record was set. When the MM record was set the annuity value was 656 mill and the cash value was 471 mill which was almost 72% of the annuity. Right now there saying 400 mill annuity with cash value at 230 mill which is a little under 58% of the annuity. at that rate it would take an annuity of over 800 mill to break the cash record. Need to have 2 rollovers to get to that.

 i think i this money enough for me. I am going to win it big.Wink

helpmewin's avatarhelpmewin

Good Luck to everyone

Ronnie316

Quote: Originally posted by helpmewin on Aug 4, 2013

Good Luck to everyone

Thumbs UpSee Ya!

Ronnie316

Quote: Originally posted by mypiemaster on Aug 4, 2013

I've always heard that you make enemies, of your friends and relatives, if you win a monster jackpot, and decide to give them money. That they never ever think, that you gave them enough. Should you just give their share to charity, and tell them to just suck it up?

Thumbs UpTell them to buy a lottery ticket if they want to win the lottery.

Ronnie316

Quote: Originally posted by stunna6036 on Aug 4, 2013

It would really suck thou if mega has another jackpot winner before pb...........

What difference will it make if the MM jackpot is $12 million or $20 million?

Current Jackpot - click for Jackpot Analysis

 $20 Million 
Tue, Aug 6, 2013
Ronnie316

Quote: Originally posted by Uff Da! on Aug 4, 2013

Simple.  At my age, I probably won't have long to worry about it.  Plus, I'll make it clear from the start that the bulk of the money will be going to charity.

Ok, then you do plan on being broke quite quickly. Nothing wrong with that if thats what you want. Im not on of those hard nosed "saver" people who think you should not spend your own money if you want to.

RedStang's avatarRedStang

Knowing i probably won't win, I bought extra tickets just watch the sign change.

Ronnie316

Quote: Originally posted by Romancandle on Aug 4, 2013

Wow... it rolled Crazy !!!!

Will PB finally dethrone MM for the #1 lottery game jackpot of all time on this run???

Strap yourself in... this could be one heck of a ride this week Guitar

I think it has about a 50/50 chance of rolling again.

noise-gate

The secret to keeping friends is not telling them you have come into money through a lottery win or otherwise. Just because you have friends does not mean nothing is off limits.
I never discuss my personal finances or sex with my friends & l don't expect them too either. Thinking your friends ought to know everything about you is a recipe for disaster.

Dance

diablo1714

 Don't know why people get excited for large jackpots, it's not like your chance of winning is getting any better. Yes someone is gonna win, but that someone ain't gonna be you. Being optimistic is one thing, being realistic is another. So why get excited about money that's going in someone elses pocket who might be evil and not deserve it? You don't know the private life of these jackpot winners. Some old man might win and you might say "good for him" but what if he is really a child molester? or a serial killer? you never know. My advice in life is that when dealing with humans, always assume the worse. Some people say im overly negative, I call it being a realist.

Ronnie316

Green laughI did the same thing and bought an extra $20. in QPs.

Ronnie316

Quote: Originally posted by noise-gate on Aug 4, 2013

The secret to keeping friends is not telling them you have come into money through a lottery win or otherwise. Just because you have friends does not mean nothing is off limits.
I never discuss my personal finances or sex with my friends & l don't expect them too either. Thinking your friends ought to know everything about you is a recipe for disaster.

Dance

Sounds like BS yet again noise (no offense) How in the world would your friends NOT know you won?

noise-gate

Quote: Originally posted by diablo1714 on Aug 4, 2013

 Don't know why people get excited for large jackpots, it's not like your chance of winning is getting any better. Yes someone is gonna win, but that someone ain't gonna be you. Being optimistic is one thing, being realistic is another. So why get excited about money that's going in someone elses pocket who might be evil and not deserve it? You don't know the private life of these jackpot winners. Some old man might win and you might say "good for him" but what if he is really a child molester? or a serial killer? you never know. My advice in life is that when dealing with humans, always assume the worse. Some people say im overly negative, I call it being a realist.

That says it all.

Ronnie316

Oh yeah, and if cant talk about sex with your friends who can you talk about it with?

Anthony Smith

Thats pretty neat!!

There should be a ton of players for the next one.

I'll have to Share This Story for the Coupon-Codes-Bonus-Codes users.

They will just love the story.

Thanks for the Qaulity Stories LotteryPost.com people.

Ronnie316

Quote: Originally posted by Goteki54 on Aug 4, 2013

The only reason why I didn't win the jackpot Saturday Night is because I am not ready to retire yet.Big Smile I might be ready to make an exception Wednesday Night though. I'll think about it.Big Smile

Go for it. You can win and still not retire for a few years.

Ronnie316

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Thats pretty neat!!

There should be a ton of players for the next one.

I'll have to Share This Story for the Coupon-Codes-Bonus-Codes users.

They will just love the story.

Thanks for the Qaulity Stories LotteryPost.com people.

Welcome to LP. Someone will eventually win it. Lets hope you win and come back to tell us. Thumbs Up

RJOh's avatarRJOh

It's about time for someone to start a thread explaining to the rest of us that they have studied the PB drawings since '92 and is willing to share their knowledge with right person.

Anthony Smith

Does anybody know if there are stats or lines on for who the host will be.

Also what is that girls name? Lexa or Alexa?

I know the guys name is Sam. Thats the easy one.

We play a 'just for fun' guessing game at my contact site for "Who will tonight's host be"

click on my 'Name' to view my 'Member Info'

Ronnie316

Quote: Originally posted by RJOh on Aug 4, 2013

It's about time for someone to start a thread explaining to the rest of us that they have studied the PB drawings since '92 and is willing to share their knowledge with right person.

I Agree! Its time someone smart enough to win steps forward.

Ronnie316

Quote: Originally posted by helpmewin on Aug 4, 2013

Good Luck to everyone

Thumbs Down

Anthony Smith

Oh yeah. I'll stop back over and post it if i win seven dollars.

LOL

Im generally not even that lucky. but hay "You Can't Win Powerball, Unless You Play Powerball"

noise-gate

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Sounds like BS yet again noise (no offense) How in the world would your friends NOT know you won?

Its sounds like BS to you and the reason is you did not take the time to read what l wrote-  l said " do not discuss with friends", that is totally different from " how would they not know" statement of yours.
If they found out that l won, l gather that none of them would be asking me for money because they do not do so now.
Always shooting from the hip huh Ronnie ( no offense)
Poke

Ronnie316

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Does anybody know if there are stats or lines on for who the host will be.

Also what is that girls name? Lexa or Alexa?

I know the guys name is Sam. Thats the easy one.

We play a 'just for fun' guessing game at my contact site for "Who will tonight's host be"

click on my 'Name' to view my 'Member Info'

I get all my information from USA MEGA.

http://www.usamega.com/

RedStang's avatarRedStang

Quote: Originally posted by diablo1714 on Aug 4, 2013

 Don't know why people get excited for large jackpots, it's not like your chance of winning is getting any better. Yes someone is gonna win, but that someone ain't gonna be you. Being optimistic is one thing, being realistic is another. So why get excited about money that's going in someone elses pocket who might be evil and not deserve it? You don't know the private life of these jackpot winners. Some old man might win and you might say "good for him" but what if he is really a child molester? or a serial killer? you never know. My advice in life is that when dealing with humans, always assume the worse. Some people say im overly negative, I call it being a realist.

"Some people say im overly negative"

  I've never seen a optimistic Diablo.

Ronnie316

Quote: Originally posted by noise-gate on Aug 4, 2013

Its sounds like BS to you and the reason is you did not take the time to read what l wrote-  l said " do not discuss with friends", that is totally different from " how would they not know" statement of yours.
If they found out that l won, l gather that none of them would be asking me for money because they do not do so now.
Always shooting from the hip huh Ronnie ( no offense)
Poke

In that case I will ask you for some money now please.........

And when you win you will be prepared to give me some, Right?

Ronnie316

Quote: Originally posted by RedStang on Aug 4, 2013

"Some people say im overly negative"

  I've never seen a optimistic Diablo.

Green laugh Now that would be a real trick. Yes Nod

noise-gate

Quote: Originally posted by Ronnie316 on Aug 4, 2013

In that case I will ask you for some money now please.........

And when you win you will be prepared to give me some, Right?

For you Ronnie- always.You such a fun guy.

Ronnie316

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Does anybody know if there are stats or lines on for who the host will be.

Also what is that girls name? Lexa or Alexa?

I know the guys name is Sam. Thats the easy one.

We play a 'just for fun' guessing game at my contact site for "Who will tonight's host be"

click on my 'Name' to view my 'Member Info'

I dont think posting links to other Forums is acceptable behavior. You may find yourself without an avatar.

Ronnie316

Quote: Originally posted by noise-gate on Aug 4, 2013

For you Ronnie- always.You such a fun guy.

Green laughThanks, as long as I'm on the first of your list of philanthropic activities I'm good with that.

Ronnie316

Quote: Originally posted by noise-gate on Aug 4, 2013

Its sounds like BS to you and the reason is you did not take the time to read what l wrote-  l said " do not discuss with friends", that is totally different from " how would they not know" statement of yours.
If they found out that l won, l gather that none of them would be asking me for money because they do not do so now.
Always shooting from the hip huh Ronnie ( no offense)
Poke

Thumbs Up 

I never get offended. Even when people pray with all their heart for me to get run over by a car.

Ronnie316

Quote: Originally posted by helpmewin on Aug 4, 2013

Good Luck to everyone

Thumbs Down

realtorjim

Quote: Originally posted by whiteballz on Aug 4, 2013

believe in something bigger!

All available employees please report to Sporting Goods for clean-up in aisles 7, 8, 9, 10, 11, 12...

Chair

Ronnie316

Thank goodness Thrifty is still alive and well to make a wager on the big $400 million PB jackpot.

$400 MILLION: Powerball jackpot skyrockets

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realtorjim

Quote: Originally posted by stunna6036 on Aug 4, 2013

It would really suck thou if mega has another jackpot winner before pb...........

Not to worry.. After MegaMillions changes the jackpot winning odds in October NOBODY may ever win again!

 

Thumbs Down

whiteballz's avatarwhiteballz

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Does anybody know if there are stats or lines on for who the host will be.

Also what is that girls name? Lexa or Alexa?

I know the guys name is Sam. Thats the easy one.

We play a 'just for fun' guessing game at my contact site for "Who will tonight's host be"

click on my 'Name' to view my 'Member Info'

her name is Alexa Fuentes, the name of the guy is Sam Arlen.

realtorjim

Quote: Originally posted by noise-gate on Aug 4, 2013

The secret to keeping friends is not telling them you have come into money through a lottery win or otherwise. Just because you have friends does not mean nothing is off limits.
I never discuss my personal finances or sex with my friends & l don't expect them too either. Thinking your friends ought to know everything about you is a recipe for disaster.

Dance

Finances I understand, but not discussing Sex with a friend... I mean a true friend.  I mean who are you gonna brag to?  I can't imagine... but of course money... screw them scum suckin' greedy wal-mart shoppers, and if my friend tells others about my sex life because I didn't cut him in... welllll, I am sure I can find people who know people who...

Thud

noise-gate

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Thumbs Up 

I never get offended. Even when people pray with all their heart for me to get run over by a car.

I wonder why- l mean there are times you take BS to a whole new level but l can live with that. .

realtorjim

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Sounds like BS yet again noise (no offense) How in the world would your friends NOT know you won?

Friends... what friends...

Cool

realtorjim

I will win the lottery in a HUGE way!

Lep

mightwin's avatarmightwin

Quote: Originally posted by realtorjim on Aug 4, 2013

Not to worry.. After MegaMillions changes the jackpot winning odds in October NOBODY may ever win again!

 

Thumbs Down

We will probably see the worlds first billion dollar jackpot with mega, I guess they want to see if they can beat the number of rollovers as ohio's classic lotto has.  When was the last time that was won?, seems like forever ago.... lol

realtorjim

Quote: Originally posted by mightwin on Aug 4, 2013

We will probably see the worlds first billion dollar jackpot with mega, I guess they want to see if they can beat the number of rollovers as ohio's classic lotto has.  When was the last time that was won?, seems like forever ago.... lol

Ohio Classic odds 1 in 13,983,816

Current Mega Millions Odds 1 in 175,000,711,536

New Mega Millions Odds 1 in 258.9+ MILLION

An increase of over 50%.

By comparison the Powerball odds are 1 in 175,223,510, almost equal to the current Mega Millions.

Ohio Classic hasn't been hit forever, however the buying pool is much smaller. 

Yes the Mega Millions jackpots will be substancially more because of the astronimical odds.

Yes someone will on occassion win, but remember that word occassionally.

And look out when they do.  With someone winning a $1,000,000,000 (one billion) every whacko that thinks they have a shot of capitalizing will be looking to steal, kidnap, swindle, befriend, and have worldly investments if there safeguards to protect identity are not put in place within every State.

Coin Toss's avatarCoin Toss

It's really quite entertaining that the same people who swore they were going to win it in the $290M thread and the $300M thread are now making the same claim in the $400M thread.

Green laugh

 

realtorjim,

Good points in your last paragraph above. Some here honestly believe that they could win a world record jackpot, "blab it to the rabbit", and they wouldn't have to worry about being approached by skids, winos, mooches, leeches, Al Qaeda, etc........

Uff Da!'s avatarUff Da!

Quote: Originally posted by Ronnie316 on Aug 4, 2013

Ok, then you do plan on being broke quite quickly. Nothing wrong with that if thats what you want. Im not on of those hard nosed "saver" people who think you should not spend your own money if you want to.

No, sonny, I would definitely not be broke quickly.  Since I was able to retire in my early fifties and live quite nicely off my investments since then, I think I should be quite capable of determining how much I would need to live the way I choose to live for what remaining years I have left in my old age.  And had you taken any of the personal finance classes I taught, you might have learned a few tricks yourself.  Cheers!

bluefox10's avatarbluefox10

The new Mega Million format will be very reminiscent of the Ohio Classic; absolutely no winners in a year or more. Teach the people running Mega Millions a lesson; boycott the game.

CLETU$

Quote: Originally posted by bluefox10 on Aug 4, 2013

The new Mega Million format will be very reminiscent of the Ohio Classic; absolutely no winners in a year or more. Teach the people running Mega Millions a lesson; boycott the game.

I Agree!   Thats my plan.I'm only one person,though.It will take millions of people to teach them a lesson.

haymaker's avatarhaymaker

I'll buy my usual 2 draw ticket w/PP on Tues. along w/my other regular Tix.

stunna6036's avatarstunna6036

Quote: Originally posted by alexnt55 on Aug 4, 2013

Will have to roll Wed and roll agaian Saturday to beat the Mega JP record. Especially the cash value record which was 471 mill when the MM record was set. When the MM record was set the annuity value was 656 mill and the cash value was 471 mill which was almost 72% of the annuity. Right now there saying 400 mill annuity with cash value at 230 mill which is a little under 58% of the annuity. at that rate it would take an annuity of over 800 mill to break the cash record. Need to have 2 rollovers to get to that.

Given that the cash values of these current jackpots are lower than previous years does taking the annuity payments become more attractive. I know most people always take the cash option but it seems as if the cash option is getting lower and lower with respect to the current jackpot(annuity) to cash ratio. .........

realtorjim

Quote: Originally posted by CLETU$ on Aug 4, 2013

I Agree!   Thats my plan.I'm only one person,though.It will take millions of people to teach them a lesson.

I understand your sentiment Cletu$, however skyrocketed jackpots will draw the players.  And even though I certainly disagree with the greed driven changes in the MegaMillions lottery I am sure I will still play (partially due to greed on my part) when the jackpot is huge, which after a couples of months will be every drawing.  I do plan to cut down, however, on the number of tickets I purchase.  I just need to keep reiterating to myself it only takes one to win, and only buy one ticket. 

Bang Head

realtorjim

Quote: Originally posted by stunna6036 on Aug 4, 2013

Given that the cash values of these current jackpots are lower than previous years does taking the annuity payments become more attractive. I know most people always take the cash option but it seems as if the cash option is getting lower and lower with respect to the current jackpot(annuity) to cash ratio. .........

Though I am not an attorney nor a CPA and therefore certainly am not offering legal or financial advice, a downfall can be when an annuity recipient dies.  Taxes on the entire remaining amount can become due immediately, even though the amount still has many years of payouts remaining.  If this is the latter years it may not be a problem but if someone dies in the early years it could become a nightmare.  Before someone says but you can... yes, trusts can be set up to claim the prize possibly, etc. but not all states allow this, and you as the recipient give up control of the trust to another in those states that do allow it.  Cash is Cash, and if you blow it, that is your mistake.  But at least it was your mistake to make, and not given to the IRS.

rdgrnr's avatarrdgrnr

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Thats pretty neat!!

There should be a ton of players for the next one.

I'll have to Share This Story for the Coupon-Codes-Bonus-Codes users.

They will just love the story.

Thanks for the Qaulity Stories LotteryPost.com people.

Spam.Spam

rdgrnr's avatarrdgrnr

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Does anybody know if there are stats or lines on for who the host will be.

Also what is that girls name? Lexa or Alexa?

I know the guys name is Sam. Thats the easy one.

We play a 'just for fun' guessing game at my contact site for "Who will tonight's host be"

click on my 'Name' to view my 'Member Info'

Spama-lama Spam

rdgrnr's avatarrdgrnr

Quote: Originally posted by Anthony Smith on Aug 4, 2013

Oh yeah. I'll stop back over and post it if i win seven dollars.

LOL

Im generally not even that lucky. but hay "You Can't Win Powerball, Unless You Play Powerball"

Spama-lama-ding-dong Spam

Coin Toss's avatarCoin Toss

Quote: Originally posted by bluefox10 on Aug 4, 2013

The new Mega Million format will be very reminiscent of the Ohio Classic; absolutely no winners in a year or more. Teach the people running Mega Millions a lesson; boycott the game.

bluefox10, CLETU$,

It's a nice thought but will never happen, and those running Mega Millions know it.

A lot of people here on LP swore they would boycott Powerball when it went from $1 to $2. Guess who some of the people are posting in the PB jackpot fever threads?

Scared

 

If a lottery did a marketing test and offered a "No one can win this lottery so don't buy a ticket" promotion people would still buy tickets for it.

Piaceri

Quote: Originally posted by mypiemaster on Aug 4, 2013

"Single ticket winner"..... is actually a MISNOMER. Any jackpot sold in the good ol' US of A is shared between-the winner and the feds, and/or the state, and/or the city or municipality. The best way to look at it is........a married person living together, buys a jackpot winning ticket, decides out of greed or whatever, not to tell the spouse. The spouse finds out, sues, and an A-HOLE judge awards the whole jackpot to the spouse who sued. The spouse that won the case, now divorces the greedy spouse that actually won the jackpot in the first place, without any fear of sharing the loot as part of marital assets. NOW, THATS WHAT I CALL, "SINGLE TICKET WINNER". Deep but total BS.

Don't know about you, but I don't "share" with the govt. They confiscate what they think is fair with no regard for my opinion. On the other hand, I do share with the govt when I purchase items that are sales taxable. My choice, not theirs.

Single ticket winner = one winning ticket holder. Like Gloria MacKenzie. Single Ticket Winner. Makes the greed of envy folks' heads explode.

RJOh's avatarRJOh

Quote: Originally posted by realtorjim on Aug 4, 2013

Though I am not an attorney nor a CPA and therefore certainly am not offering legal or financial advice, a downfall can be when an annuity recipient dies.  Taxes on the entire remaining amount can become due immediately, even though the amount still has many years of payouts remaining.  If this is the latter years it may not be a problem but if someone dies in the early years it could become a nightmare.  Before someone says but you can... yes, trusts can be set up to claim the prize possibly, etc. but not all states allow this, and you as the recipient give up control of the trust to another in those states that do allow it.  Cash is Cash, and if you blow it, that is your mistake.  But at least it was your mistake to make, and not given to the IRS.

If you read the Q & A section of their website that situation is addressed.  The remaining part of your annuity is paid in a lump sum to your estate allowing the family to settle any tax claims.

realtorjim

Quote: Originally posted by Coin Toss on Aug 4, 2013

bluefox10, CLETU$,

It's a nice thought but will never happen, and those running Mega Millions know it.

A lot of people here on LP swore they would boycott Powerball when it went from $1 to $2. Guess who some of the people are posting in the PB jackpot fever threads?

Scared

 

If a lottery did a marketing test and offered a "No one can win this lottery so don't buy a ticket" promotion people would still buy tickets for it.

I Agree!

You mentioned a lottery where no one can win... where can I get a ticket for that?

RJOh's avatarRJOh

Quote: Originally posted by bluefox10 on Aug 4, 2013

The new Mega Million format will be very reminiscent of the Ohio Classic; absolutely no winners in a year or more. Teach the people running Mega Millions a lesson; boycott the game.

Before PB and BigGame became available in neighboring states, Ohio had almost the same matrix with its Super Lotto Plus game (6/49 +1) and jackpots of $40M+ never went more than a month before being won because players from the neighboring states regularly came to Ohio to play.  If Classic Lotto had the same number of players today, it would be won in 3-4 drawings.

MegaMillions with its new matrix of 5/75 + 1/15 will have players from 42 states and they won't have to travel out of state to play.

miracleplay5's avatarmiracleplay5

I am not asking for the name of the site but isnt there a site where one can wager whether or not there will be a jackpot winner on Wednesday?

Masone

I said I would be back when the jackpot got this high again, and here I am! Still dreaming about that full on movie theater in my house. You guys ever watch "Million Dollar Rooms" by HGTV? http://www.youtube.com/watch?v=OMIXRGS7z7w

That show has brought me over to the "design your own house" side.

maringoman's avatarmaringoman

I saw this on ABC News.

The other "secret" was that majority of jp winning tickets are quick picks. But they added that close to 80% of the players do quick picks.

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