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$353 MILLION: Red hot Mega Millions jackpot set for Friday

Topic closed. 85 replies. Last post 4 months ago by gocart1.

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Teddi's avatar - Lottery-008.jpg

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May 13, 2013
580 Posts
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Posted: March 12, 2014, 1:17 pm - IP Logged

It's no joke to many, I recently saw a poll on the TLC lottery show that 40% of those who make less than 50k per year are relying on a big lottery win for their retirement. Had these folks put away 1/2 of their disposable/gambling money in a 401k or Roth IRA , they would have been well on their way to a decent retirement.

Now this I semi-agree with. Even though that poll was taken in the midst of the recession so I hope it's less than that now. 

HBO had done a documentary on lottery players and there was this woman who hadn't saved a dime towards retirement. She was counting on winning the lottery for all her future needs. She had nothing to her name, even though she had a job she put every dollar she could towards lottery tickets. Then there was a NYC doorman with a family who was spending 5 figures a year on tickets. I kinda think he was slowly going crazy, getting upset when another doorman hit the jackpot. I remember feeling sorry for his wife and kids.

I don't get how anyone can throw away thousands every year gambling, winning nothing, then complain that they don't have anything for retirement. HELLO???? That isn't a bad economy problem, that's an irresponsibility problem.

    RedStang's avatar - mustangstu zps4c591ef5.jpg
    Dutchess , NY
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    Posted: March 12, 2014, 1:20 pm - IP Logged

    I'm sorry, but you guys are...wrong. it's taken 19 rollovers to get to $353 million. NINETEEN!!

    Compare the number of draws in previous years to get to a massive jackpot and the result is the opposite of what you're saying. The jackpots are larger because the price of Powerball went up and it became harder to win Mega Millions. People are only going crazy with ticket purchases when the jackpots get huge, not before that. In 2012 MM rolled 18 times before getting to $656 million. It took 14 for PB's $590 million highpoint.

    Now we're at 19 rolls and still $300 million SHORT of that MM mark. If sales were even equal to what they were in the past we should be looking at a jackpot of at least $800 million after 19 rolls. And that's even without factoring the additional states and higher starting jackpot amount.

    Quite frankly the facts don't bear out your premise. The larger starting amount, more states joining, substantially less favorable matrices have more to do with larger jackpot amounts than so called joblessness. In fact if you go by draws alone, it is in direct contradiction to your argument. If, ostensibly, ticket sales skyrocket in poor economic times, then it shouldn't take 19 draws to get to $350 million. No way no how.

    If the flurry of sales don't happen until after the $350 million/$400 million point, then it means people can afford to wait, which means they aren't as desperate as they were before. js.

    It took 19 rolls because people were buying PB tickets instead. It's amazing how scratch-off tickets their selling these days and i'm seeing friends playing that always hated the lotto.

      Teddi's avatar - Lottery-008.jpg

      United States
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      Posted: March 12, 2014, 1:24 pm - IP Logged

      I Agree!......Didn't i tell you yesterday to stop making so much sense?? What's your problem huh? All these facts, figures and common sense that you keep on posting. You better stop it!!! hahhaha. Indeed, you are right Teddi, i was going to add the same thing in my next post but you beat me to it.

      LMAO, I'll try, but I can't make any promises. 

      enough talk about serious matters. I want this to get to the $1 Billion mark. No more skirting around it or just falling short. MM went through this much trouble changing the matrix, time for it to pay off.

        mightwin's avatar - questns

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        Posted: March 12, 2014, 1:25 pm - IP Logged

        I Agree!

          Teddi's avatar - Lottery-008.jpg

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          Posted: March 12, 2014, 1:45 pm - IP Logged

          It took 19 rolls because people were buying PB tickets instead. It's amazing how scratch-off tickets their selling these days and i'm seeing friends playing that always hated the lotto.

          Powerball was around last year and the year before as well. The PB is now at $60 million, the MM was at over $300 million before last night. And how much did it move by? Less than $50 million. Does that seem like a frenzy of ticket sales to you? And at only $60 million one can't blame PB either

          The fact is that people are waiting for the jackpots in either game to climb high before they bother to start playing earnestly. Desperate people don't wait. They buy what they can when they can and they buy tickets regardless of what the jackpot amount is at. Sales of state lotteries are dwindling because people would rather take their chances with the harder to win but more lucrative MM & PB. Even though one is almost impossible to win and the other is twice the price. Again, those are not the actions of a people in desperation.

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            Posted: March 12, 2014, 1:45 pm - IP Logged

            This isn't hard to understand. The jackpot keeps rolling big because MM made it harder to win with the recent changes to the game. Obviously, the harder it is to win the larger the jackpot gets. It's simple as that.

              DDOH937's avatar - Lottery-028.jpg

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              Posted: March 12, 2014, 1:47 pm - IP Logged

              It took 19 rolls because people were buying PB tickets instead. It's amazing how scratch-off tickets their selling these days and i'm seeing friends playing that always hated the lotto.

              Hmmmm, people were indeed focused on PB there for a minute when it went climbing to over $400 Million before shifting focus back to MM. I often wonder what it'd be like if they went head to head....one won on a friday , the other on the saturday and no winners for 15-20 draws. I guess based on the points both Redstang and Teddi are making, It'll either be both jackpots soaring or both lagging. Not sure. And what is the deal with the extremely high rate of scratch off sales? I think i've only ever purchased 2 or so in my life. They just seem so darn pricey.

              "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

                noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                Bay Area/ California
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                December 12, 2012
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                Posted: March 12, 2014, 2:41 pm - IP Logged

                Keep climbing Baby$$$$- Daddy is waiting to take you home!
                California is on a Hot Streak... " Ain't no stopped us Now"- Don't believe, just Watch!

                Party

                  KillerDemo's avatar - SFG
                  209 Cen-Cali
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                  Posted: March 12, 2014, 2:51 pm - IP Logged

                  Keep climbing Baby$$$$- Daddy is waiting to take you home!
                  California is on a Hot Streak... " Ain't no stopped us Now"- Don't believe, just Watch!

                  Party

                  Yes Nod  Lets get it $$$  Cali!!!

                    Drenick1's avatar - villiarna
                    USA
                    United States
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                    February 25, 2014
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                    Posted: March 12, 2014, 3:21 pm - IP Logged

                    I'm sorry, but you guys are...wrong. it's taken 19 rollovers to get to $353 million. NINETEEN!!

                    Compare the number of draws in previous years to get to a massive jackpot and the result is the opposite of what you're saying. The jackpots are larger because the price of Powerball went up and it became harder to win Mega Millions. People are only going crazy with ticket purchases when the jackpots get huge, not before that. In 2012 MM rolled 18 times before getting to $656 million. It took 14 for PB's $590 million highpoint.

                    Now we're at 19 rolls and still $300 million SHORT of that MM mark. If sales were even equal to what they were in the past we should be looking at a jackpot of at least $800 million after 19 rolls. And that's even without factoring the additional states and higher starting jackpot amount.

                    Quite frankly the facts don't bear out your premise. The larger starting amount, more states joining, substantially less favorable matrices have more to do with larger jackpot amounts than so called joblessness. In fact if you go by draws alone, it is in direct contradiction to your argument. If, ostensibly, ticket sales skyrocket in poor economic times, then it shouldn't take 19 draws to get to $350 million. No way no how.

                    If the flurry of sales don't happen until after the $350 million/$400 million point, then it means people can afford to wait, which means they aren't as desperate as they were before. js.

                    I am confused. Why do you think it is wrong saving half of disposable income and placing it in an IRA or 401k? My response had nothing to do with 19 rollovers? I have not even brought up or compared rollovers yet on this current story line.

                      Teddi's avatar - Lottery-008.jpg

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                      Posted: March 12, 2014, 4:41 pm - IP Logged

                      I am confused. Why do you think it is wrong saving half of disposable income and placing it in an IRA or 401k? My response had nothing to do with 19 rollovers? I have not even brought up or compared rollovers yet on this current story line.

                      Go back to page 1 and you'll see that this comment has absolutely nothing to do with savings or retirement. You guys were saying the jackpots were high because the economy sucks and no one has any faith in getting a job even with a degree. That's what this was in response to. I don't think anyone in their right minds would say it's wrong to save for retirement.

                        Teddi's avatar - Lottery-008.jpg

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                        Posted: March 12, 2014, 5:01 pm - IP Logged

                        Hmmmm, people were indeed focused on PB there for a minute when it went climbing to over $400 Million before shifting focus back to MM. I often wonder what it'd be like if they went head to head....one won on a friday , the other on the saturday and no winners for 15-20 draws. I guess based on the points both Redstang and Teddi are making, It'll either be both jackpots soaring or both lagging. Not sure. And what is the deal with the extremely high rate of scratch off sales? I think i've only ever purchased 2 or so in my life. They just seem so darn pricey.

                        If both jackpots were at $500 million at the same time, I think people would lose their minds. 

                        Do you pick the jackpot that's harder to win or the one that costs more? 

                        In any case, the point I was trying to make was that it isn't the economy why jackpots have increased, it's the changes in the lottery itself. If people really were that financially desperate there should have been a run on last night's drawing. An increase of only $44 million on a jackpot that is over $300 million and when Powerball is down at $60 million is a sign that people are waiting for the jackpot to grow. Waiting does not equal desperate. Especially when the Powerball was won 2 weeks ago.

                          rdgrnr's avatar - walt
                          -Ridge Runner- Oracle of the Appalachians
                          Way back up in them dadgum hills, son!
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                          Posted: March 12, 2014, 5:21 pm - IP Logged

                          I don't mind the rise in prices to increase the jackpots. You can almost win 100mill every month. I throw thousands away in taxes every year and get nothing for it, so the extra dollars spent on lotto does'nt bother me. I never understood why people only play when jackpots are really big. I guess everyone wants a bargain for their $$$.

                          Could you change your avatar?

                          It reminds me of one of my mother in law's eyes glaring at me.

                          Really creeps me out.

                          Thanks ever so much.

                            HaveABall's avatar - rocket

                            United States
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                            Posted: March 12, 2014, 5:26 pm - IP Logged

                            Results of a desperate America. Bad economy, higher sales, record jackpots. I'm seeing young adults turn to lotto. GL

                            Yep, RedStang, adults are financially desperate and/or destitute all over this planet!

                            Having millions of dollars in my financial accounts means more, consistent fun for me.Lovies

                              weshar75's avatar - Lottery-042.jpg
                              Mcminnville, Oregon
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                              December 13, 2003
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                              Posted: March 12, 2014, 5:48 pm - IP Logged

                              Well I got my ticket today and I went out on a limb and bought my own set of numbers.  I have been playing them since the matrix change so I hope that I at least get the mega ball on friday night.  Come on big money and no whammies!-weshar75

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