Low sales to blame
The Texas Lottery announced today that it will suspend sales of the multi-state Monopoly Millionaires' Club game following the drawing on Friday, Dec. 12.
Texas is one of 23 states participating in the game that was launched on Oct. 19.
Sales for the game have not met the lottery industry's projections and have continued to decline nationally since its introduction. After careful review, the Texas Lottery has decided to suspend sales of the game because of the prize liability risk created by the unexpected low sales of the game.
"This is a difficult business decision that is based on numerous discussions regarding the health and viability of this game, both here in Texas and nationally," said Gary Grief, executive director of the Texas Lottery. "Unfortunately, players have not embraced the game as anticipated, and our options to change the game while it is being sold are limited in scope and challenging to implement. I believe it's critical for the Texas Lottery to take a step back, reduce our liability risk, participate in the ongoing national discussions regarding the game's future, and carefully monitor what the next steps are."
Monopoly Millionaires' Club players in Texas will be able to claim prizes for 180 days following the draw date.
Cant say that I dont blame Texas...wished I lived in a state that you could win a buck.Not here ,EVER.
This is one of those games you have 3 chances to win. I think they should at least make $100,000 to $500,000
As soon as the first draw sales came in I knew this game was in trouble. You all have heard me discuss how they originally projected sales 4-5 times higher than what they have been. And the market research that SGI/G-Tech pushed to the lotteries was highly suspect. Even if all the states were participating, the sales would still only be around half of what was projected.
The irony of this is that Gary was one of the leading trumpeters for this game. He basically pushed it through Texas no questions asked and he pushed other states to join also. Now he looks a little foolish. At all the conferences, everyone was boasting how this would be a game-changer, yada-yada, and they worked so hard and so long. But the problem is their short-sightedness underestimated players. They thought they could dress up a bad bet as "many chances" to win but we are smarter than that. They should've just kept it simple, not too ambitious, and not screwing the player over. I think desperation may have played a part in this as well.
Now that Texas has pulled out, MUSL is trying to figure out how to fix the game. When one big house leaves, the others soon follow.
Not surprised, this game is worthless. I think I have played it about 4 times so far and won nothing at all, in fact no one I know has won a single dime on it. You keep doing that at $5 a pop and eventually people will stop playing which seems to be the case here. You can dangle all sorts of million dollar prizes out there, but if you don't give people their money or some of their money back once in awhile, you are done.
I would think that the other states set to join in 2015 just slammed on the brakes!
I did my own very unscientific research by simply asking anyone I knew (who played the lottery) if they knew how the game worked. Nobody had a clue about anything! Nobody understood the fact that it's a raffle triggered by some one winning the jackpot. Absolutely nobody understood the concept that the potential number of Millionaires Club winners of a million dollars keeps increasing even though the jackpot had reached it's max of 25 million dollars.
Most comments I heard were negative. People were less than thrilled about the cost, and nobody I asked wanted any part of being on a TV game show!
Why doesn't MUSL just come out with some kind of national raffle? Don't they know about the success some states like Pennsylvania and Connecticut are having with their twice annual raffles for a million dollars? THAT's what the players really like and want! G5
I would not be surprised if eventually they converted it to a plain raffle. That is the simplest and easiest concept to understand, and we don't have any national raffles. It probably wouldn't make some of the vendors happy, since they really benefit from the TV show and everything associated with that. I suppose it would be possible to still host the show and second-chance opportunities and simply make the game "one big drawing," say once a year. Like the McDonald's sweepstakes.
I think they just have way too much going on for a new game...in addition to the high cost dissuading players, you have people who do not understand the difference between the webcode and MMC number, or that the numbers are only useful if the jackpot gets hit (which would be rare if ever). Like you said, most players and even clerks have no clue how the game works. I was puzzled why they didn't start educating players in the months before launch, but instead started doing so with only a few weeks to the first drawing. It's almost like they just expected it to magically work without any preemptive effort.
Btw, now that one of the larger states has dropped out (8.5% of total sales), the prizes will increase even slower! This will probably strain the game more severely.
I'm only surprised it happened so soon.
https://www.lotterypost.com/news/281732/3827028
While I don't think the lottery playing public is stupid, many players just don't want to spend a lot of time and effort on understanding and playing any given game.
IMHO, that's why QP's are the choice of the vast majority of players. QP's are fast and easy. People buy whatever it is they want at the convenience store and tell the clerk "Gimme a quick pick for tonite's lotto" and they're out the door and on their way.
This MMC game is way too complicated.
People understand raffles. When I tell players about Connecticut's SuperDraw (I live in The State of New York) they always say "I wonder why New York doesn't have that?" I've had relatives who live in Florida call me and ask if I was going to drive over to Connecticut and get some SuperDraw tickets, and if I was, would I pick up a few tickets for them and mail them to them.
Why do people react like they do to raffles? Because they understand the odds are low (in terms of lottery odds they're low) and they know somebody has to win the top prize. They LIKE that!
The top prize winner of the 2013 Summer SuperDraw raffle got stuck in a traffic jam on an interstate highway in Connecticut, so he pulled off into a rest area to gas up and stretch his legs. He had never even heard of SuperDraw because he did not live in Connecticut. But he read that sign in the gas station advertising it. He said he "loved the odds" so he bought a ticket. You do know the rest of the story, don't you? Best dam traffic jam he was ever in!
I had a feeling this game wouldn't work out. People are driven to pay because of huge jackpots. There have been statistics that prove that. $1 million isn't what it used to be when jackpots are regularly $100 million or more.
We have a $5.00 game here (Bingo) and I don't like it. I don't have this game in my state at the moment, but I don't see myself playing it if we get in in 2015. With 5 bucks I can get 5 Hot Lotto Tickets or 10 Wild Card plays.
I might buy a Monopoly ticket out of curiosity like I did with the Bingo, but I am one of those people that does not care for lottery games with such a high price tag.
Every once in a while, when someone wins a 100 million plus jackpot for PB or MM, someone who most likely doesn't play the lotto, will comment how sickening it is for one person to win so much money and that they would rather have 100 people win 1 million each but what they don't understand is it's the huge jackpot that get most people to play the lottery in the first place.
Why am I not surprised? The promoters of this game have really stretched their limit with the $5.00 wager. Could they have sold it for $2.00 at most and had a better response? Your guess is as good as mine.
The game might end before I play my first ticket if the big states start pulling out. Many critics weren't too crazy about the cost of a ticket and the fact that it uses computerized drawings. MA Lottery never showed interest of joining this game.
I have been holding back and not wanting to misjudge it and the players to much, now that this has happened, screw it am giving the nitwit players that wanted this game a piece of my mind (not you guys on here ofc) and my honest truth of what's wrong with this game DNA!
This game DNA was created for all short sighted people who only play once the jackpot is 200+ million or so, and these players often say something like " why can't there be like 300 plus one million dollar winners vs just 1 big winner? I want such a game! blah blah blah -nitwits
The people who came up with this game, the lotteries said it was MADE for these nitwit players. They got all this large feedback, wanting national game that created hundreds of millionaires, the issue is same one effecting govt, the majority wanting it are nitwits.
Lottery god bless them for even trying, tried to give the majority of nitwits what they wanted, going if this is what they want, we give it to them!
What they failed to understand, is the players who wanted this in large part ARE NOT the players who build a game up to 300+ million in prizes!
The dependable players who raise sales and play often are ones looking for large jackpot's! Not capped small jackpots with better amount of lower prices.
Sadly only must hardcore was left to support this game! you have to really like spending money on lottery for hell of it and love monopoly to want to buy into this game and keep playing ever draw at these low prizes at this price.
I felt bad seeing low sales numbers, knowing nitwits are not playing, only must hardcore happy spenders who always play no matter what people jumping in at limited number at that. sense all the "I want 300+ different one million dollars winners" nitwits are not playing this game not going anywhere.
They don't play often if at all, so fact they hand created a lottery game for these people is mind blowing to me.
They are worthless players to depend on. and low sales and now pullout of one large state conform my thinking this is failed game and we deserve better.
$5,530,940 was sales for first ever draw for this new game, and was in fact also it's highest sales ever draw.
then next 2 draws was 4 million range, then last 4 draws was in 3 million range!
Soon it be next draws only 2 million range at this rate............ the game is dead.
People play to win a large amount of money. If they see jackpot gone up, they keep playing, and more and more players jump on and current players slowly buy more ever draw. sooner or later where a giant snowball that worth 200+ million in jackpot prize pool.
Lottery needs to give us a national 5 dollar jackpot game where largest amount of money goes for 1 big prize, it needs to GO TO JACKPOT. not 2nd place prize pool.
Now don't get me wrong in great world I love the idea of a raffle game, but I want a pure raffle game and this it is not it by a long shot.
I just hope this failed game makes it clear, capped games, share the wealth with hundreds of winners don't make a good selling game compared to high sales of a large jackpot game.
The whole reason i play is for fun of "what if", and 1 million dollars is not dream entertainment.
I want the entertainment of thinking " what if" about 100+ million etc. And form what I read on here, lots of pb/mm players are the same.
Small capped jackpot's are not entertainment.. It's sad they depend on a game show to create entertainment for the players. The game jackpot should be the entertainment.
I hope all states give up on this game as it is, and i hope one day we can get a national game with insane odds that can grow to 1 billion dollars or more.
Everyone will say it's crazy and ask why we need a billion dollar jackpot, why can't we have more winners , and for 1 billion jackpot, why can't we just create 1000 millionaires vs this insane jackpot "no one needs that much money" blah blah blah.
It's not about "needs" nitwits players, it's about entertainment and guest what, high jackpot's are the entertainment. and the sales of a billion dollar jackpot will support it self if made. unlike this failed game given to very people who Don't want a billion dollar jackpot.
Give players entertainment, give them billion dollar jackpot game!
Im not surprised watch the ominoes begin to fall. I posted at the beginnig its too expensive, too complicated, and I thought it would f fail. Still think so... they need a game with not just one or
Two big prizes but more chances To win l ike 500g, 250, 100g,50g ect ect. Smaller prizes and more of them. Oh well
Just my thoughts. Thats dominoes by the way.
Just wow! Sharing the same sentiments as others here, I figured the Monopoly Millionaire Club game, in its current incarnation, was doomed ... but never expected a large state, such as Texas, to pull out so soon. Very surprising...
However, to digress a bit, Texas is likely extra gun-shy after the near disaster they had with All or Nothing about a year or so ago when a default number combination on the playslips nearly came up - if it had, the prize liability could have been upwards of $100,000,000! Texas suspended the game within days of the near miss. Later restarted sales with new playslips without default number selection options (ie. all even, all odd, etc) along with capped total payout liability.
There's a lack of transparency of the Monopoly Millionaire Club game. To date, the details of the Vegas game show still haven't publicly released. Makes one wonder what else hasn't been thought through; what is MUSL hiding... Many distrust the use of a computerized randomizer; game feels rigged, and a ripoff.
The raffle part could be great, but the "top prize" part needs to go. Every drawing should have raffle winners. Sure, it may only be a few millionaire winners per draw, but that's far better than the current game, which most often has none.
And the Vegas tv game show needs to go away, pronto! It adds little value, and turns some off - many players don't want to travel, especially when there's no guarantee of winning much, if anything, extra beyond the trip and $500 spending money, which is very little; trip is "cheap" and not overly enticing at all.
Also, another aspect to consider is the large jackpot games, Mega Millions and Powerball, already generate numerous millionaires. Many dozens every year. Savvy lottery players, while loving to win the jackpot, understand that 2nd place prize for those games is very good too, and far more likely to occur; 34 times more likely in Powerball, and 14 times more likely in Mega Millions. When running the numbers, Powerball may be the better value than MMC for players also focused on winning a million with adjusted odds ($5 = 2.5 plays of PB) of roughly 1 in 2,000,000 verses 1 in 4,000,000, or even far worse, for MMC.
Wondering when the next shoe will drop. It wouldn't surprise me if the Vegas tv game show was canceled / abbreviated with the participants being given cash in lieu of travel, or the game show simplified and shortened just to get it done with. It's not that Vegas tv show costs much, but rather many lotteries / MUSL, along with Hasbro, may not want that publicity of a failed MMC game; preferring to quietly kill it and move on.
I just hope this failed game makes it clear, capped games, share the wealth with hundreds of winners don't make a good selling game compared to high sales of a large jackpot game.
I was disappointed when they dropped the cap on MMC from $50 million, because they were scared it would affect PB/MM.
Needless to say, capped games are here to stay. They are already talking about "jackpot management" to intentionally prevent a billion dollar jackpot. As I've said in the past, the higher jackpots lead to higher jackpot fatigue which leads to lower lottery sales as more and more people sit out for bigger jackpots. They will not introduce a billion dollar $5 draw game anytime soon. You can pretty much guarantee that. I predict that the first time MM/PB gets close to a billion they are going to squash it like a bug. They might let it hit once but after that they know they are in trouble. What's after a billion? $2 billion?
But you're spot-on about players not really wanting what they say they want, or those that are most vocal about what they want make up the minority.
For 5 bucks a ticket what do they think was going to happen?
Lottery players are spending $5, $10, $20, $30 and $50 on Instant Scratch Off Games?
Personally I like the game....and THRIFTY you are correct, people are spending 5, 10, 20 , 30 and 50 on scratch offs. I believe it takes some time to get things going.... we are hearing from all the die hards that dont like it...who knows why....its no big deal ...if you dont have the 5 bucks dont play it, its simple as that.
BIGGER JACKPOTS=HIGHER SALES.
The concept behind this game was not bad. I am personally attracted to a game that offers greater odds at a $1M prize vs astronomical odds at a $100M+ PB or MM prize (that you'll never ever win).
This game tries to be too much. If it is modified it may be able to make a comeback.
This game will never compete with the people who like the high jackpots in PB and MM. The people who will be drawn to this game will enjoy the better odds at $1M and be willing to forgo the highly unrealistic odds of winning the PB or MM.
As a plus, they really should increase the 5 out of 5 prize to at least $250,000 and make the drawings done like PB and MM and ditch the computer.
I like the concept behind having better odds at winning $1M, I just think this game should be simplified and marketed better. Keep it more like a raffle.
let texas leave! leaves more for us who will graciously take 1 million or a chance at a game show spot! they pulled the trigger too soon , i can only hope that come friday i win and with it have 18 other millionaires smiling!! as a previous poster said , play at will or don't. its a known fact that any startup business does so in the red.... it takes time to turn it around.
i think they designed it to fail with the $5 fee, $2 would have flown with ththe punters, and they could possibly pushed it to $3. i think a $2 game would prob have brought more actual sales as well
Bingo. You hit the nail on the head. If you have seen any of my past replies I have been saying a raffle is the way to go.
Like you have said it gives you a top winner EVERY TIME as well as the lower tiered prizes. "People" on this forum
have said something to the effect that the people who put this Monopoly games together have worked 4-5 years studying it and
know what they are doing....
I said the game will be lucky to make a year. I think that is an understatement.
When most states own pick 6 lotto's are lagging I couldn't see how this concept of
a game that many had no idea how to play could succeed. It's not a total failure yet but it soon will be.
A lot of people, from my perspective, always say "I don't need to win the 400 million dollar
jackpot. I'd be happy with a million"...I feel today's lottery player isn't necessarily looking
for life changing wins. I feel/hear people want enough to make their current life comfortable.
It's ok to have smaller jackpots. As long as the game is "easier" (better odds) to win and
to actually see people winning.
Gatorsrok, i have to agree with you that the concept behind this game was not really all that bad and i liked playing it too. Wasn't too hard for me to grasp, but not a lot of people out here have that kind of patience for a game like this. Some tweaking here and ditching there and the game could be a lot more successful. I actually thought maybe this game might give me a shot at something big. Better than the ridiculous MM/PB, which is kinda like robbery. Sure people play for that 2nd tier prize but not many really hit that prize. Even that is hard to reach. So i hope in the near future if this game does fall they will learn from this and come out with something better.
I agree........
Like a few of you posters on here i understood from some insight by lottometro and others that MMC is basically operating in the red and to see it in trouble with Texas bowing out already is a suprise. Just didn't expect it to happen this soon.
I too was taken a little aback by Texas' quick exit. Big states usually like to wait things out a bit, and I assumed that everyone would sit tight until at least January when other states will (would?) be joining. However, for Texas it does make some sense.
Here is their progression of sales (oldest draw to latest):
Literally every successive drawing resulted in sales lower than the one before it. Not to mention those sales cannot sustain prizes. This is definitely a bad sign.
As far as changing this game into a reverse lottery, it simply wouldn't work mathematically-speaking. As far as making this game have better odds and fixed cash payout, that wouldn't work either (they simply couldn't fund it). There are some great ideas here but I think bettering the game would require 1) lowering ticket price and/or 2) getting rid of the confusing other ways to play and simplifying the game into perhaps a raffle-style lottery.
More States will follow suit, this game is horrendous as far as payout verses cost.
Well they are still selling tickets in Houston Tx I hope someone win .I guess I am one of the few people who like the game I won 500 dollars on it I understand how some people feel but I did like it. but they are (the texas lottery)in it for the moneyToo bad.I have 2 tickets for Fridays draw. GOOD LUCK. .
Presumably, Texas Lottery officials are worried there could be a streak of early "top prize" hits; severe structural flaws in the game at low sales volumes. MMC is very deep in the red with no relief on the horizon. Sales, which were weak from the start, is further stagnating / going down in many jurisdictions that sell MMC tickets. Texas sales for the last draw was a meager $280,945 (56,189 tickets), and continuing to trend downward.
The projected odds of anyone hitting the "top prize" for the next draw is around 1 in 73. So it would seem highly likely the "top prize" will roll-over many times, which is critical for profitability, but no guarantee. All the while, the number of guaranteed club millionaire prizes is increasing by 2 every drawing. It's no wonder Texas took the safe route and bailed out early.
Yes thats is what they did all the money they have made over the years, they will not let them self get caught on the short end of the stick.I hope some one win form TX .I hope its me...GOOD LUCK
I was sifting through some docs and came across an update from the end of October talking about how the game got off to a start.
Under player feedback, they mentioned that players have been expecting the $1 million draw to occur every drawing and the need to "recondition" them to get rid of their jackpot mentality (goes back to what I was saying earlier about jackpot fatigue...trying to get minds off top prize). A lot of players also seem to think this is a scratch-off, but that is understandable since many states DO have Monopoly scratch-off games.
They also gave excuses why the game started off poorly sales-wise....."political campaign spending" and the reason I mentioned in past posts, about the game not yet being sold in all jurisdictions (valid reason of course, but doesn't explain the enormous deviation from projections). Interestingly, they say "game is still growing" which we all know to be false. Only 3 jurisdictions had higher sales after the first draw, all 3 small fries and only marginally higher sales......like a few thousand.......
Btw, for those who have been conversing with me about the # of Vegas entries, I finally got an estimate (albeit it is lagged). According to the company that handles that part of the game, for the first 2 million or so tickets that were sold, over 3 million second-chance entries were submitted.
Edit (responding to below post):
gatorsrok,
That's true, the games does compete there; however, it has consistently continued to decline. As far as promotions, they have gone far above and beyond on offering retailers incentives, and I don't mean in just a few states....literally every participating state has had a comprehensive campaign. A few are even offering higher % commission per ticket. I can't really disclose everything they have been trying but it's obvious that the issue is not bonuses but likely education or lack of desire to try to sell players a confusing $5 ticket. The marketing campaigns for this game are very widespread, I just think the execution has been poor.
If I remember correctly, the first few drawings were also competing with a really high PB and/or MM jackpots at the same time. In any event, the game was poorly marketed to players and to vendors. I buy a couple tickets a week and nobody knows what I am talking about. I've been handed a $5 monopoly scratchoff ticket about half the time.
They could give vendor incentives/bonuses to sell more tickets like they do with most new scratchoffs and the powerplay options on PB and MM. At least that would encourage the vendor to learn about the game and sell it to people who don't know about it or understand it.
Man I feel like I wish they would give it a little more time down here in Texas but I know its about their bottom line they are in
it to make money not lose money but in only 3 months the game has produced 15 people that won at least a million not bad.But maybe they will fixs what ever they feel like they need to do if not oh well.
Fact is most states don't need a multi-state game selling $5 tickets to offer a million dollar prize, they already have games with $1 tickets with larger prizes and better odds.
Honestly, it seems like a stupid game--and the odds are terrible for a game that's $5 a play. Soon to be coming to California, I don't give two sh*ts.
It's not like Texas is scrapping the game to benefit the players. Didn't Texas halt All or Nothing sales because players were making bets encouraged by the lottery on the play slips?
Sounds familiar; remember when they created Lot 'O Play believing all the scratch-off bingo play would buy tickets?
I was never a huge fan of this game. It looked interesting when it first debuted but now it looks like the shine is fading. The cost is absurd, the odds are not that attractive, and you can't even choose your own property to play. I hope it stays in Indiana for a little while longer, this gives me a chance to study the game and hopefully try it a least once.
"This game DNA was created for all short sighted people who only play once the jackpot is 200+ million or so, and these players often say something like " why can't there be like 300 plus one million dollar winners vs just 1 big winner? I want such a game! blah blah blah -nitwits"
And now the people who created the game are saying "Did I do that?"
A simple roll down when the jackpot reaches a designated amount wouldn't create lots of millionaires, but the secondary prizes would be much better. The argument against that is "but the players want to be millionaires" and they are back to square one. Don't look for any state lottery to create a "players always win" game so it's statusquo; games will come and go.
Truth is... we all want a 200 plus million jackpot. After Uncle Sam comes and takes a big wet bite from a 25 million jackpot you couldn't go crazy and be safe at the same time. i for one don't like the game i have played each week since first draw both in TN and in GA and nothing... not one of my fives back... one thing i really hate is it is a computer draw game...
i hear people all the time say why don't they just give 100 million to 100 players... but that mentality sucks! they are not millionaires once the collection process is complete. taxes taxes taxes... and those players i have asked "do you play every time it's drawn?" they say, "only when the jackpot get's really high like 200 million or more..."
They should have a weekly drawing, every Monday, $1 and $5 dollar bet you play the dollar to win 2 million bucks, or you play $5 to win a increasing jackpot that starts at 60 million CASH and grows a minimum of 20 million each draw. have it 5 numbers and a 1 kicker number... get all 5 numbers and win 2 million, get all 6 number and win the jackpot... and if you get 5 of 6 with a five dollar bet you win 5 million! but the one dollar ticket only has five numbers printed on the ticket....
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!
Just trying to win something!!! lol
Lottery games are for one reason to generate (Revenues) sales.
You have to set a limit on how much money you spend.
Gator as I said earlier i do like this game....I also like your idea here to improve it.
Can you control your (GAMBLING FEVER) whenever you see a $100M plus lottery jackpot?
"Truth is... we all want a 200 plus million jackpot."
We don't need a poll to find out if the average lottery player prefers a $200 million jackpot over a $25 million 30 year annuity and with this game there must be a jackpot winner before anyone can win $1 million. And did I mention the ticket cost $5?
At what point will the players figure out the lottery people are insulting our collective intelligence?
I do not think that the lottery is smarter than the current generation of lottery players. Today lottery players want bigger lottery jackpots on a consistent basis.
The most important thing is that the lottery cannot force us to play their games.
If you can't live and live well on the after-tax winnings from a $25 million jackpot, you have issues. Even with net winnings of a million or two million you can live quite well with the interest from halfway decent investments.
It looks like most lottery commissions are no longer player savvy. The people running the Texas Lottery put high or low and even or odd check boxes on their All or Nothing play slips not understanding it could result in Millions in losses. They then slap their players in the face by halting the game and put a cap on how much accumulative can be won.
And they are now forced to halt Monopoly sales because again they are not lottery savvy.
Heh! The most telling part of this is when people figured it out, sales took a nosedive.
Florida sold $725,000 the first week. Never came close to that figure again. Even the 12/5/2014, drawing of 25 Million, only brought in $531,000.
NY started with $968,000 in sales, 12/5/2014, $408,000.
Texas first week sales $429,000, down to $280,000.
Sales were dropping even when the jackpot was growing!
The most tickets ever sold for one draw was 1,106,188 the first week. This week they sold 643,408.
They couldn't even sell 5,000,000 tickets to cover one jackpot!
Not a single state made the money to cover their share of the 21 million dollar prize won on November 7th.
The total revenue generated to date is only 17.5 million or so.
They are about 22 million short to pay all the winners right now.
MUSL should hire monkeys to design the next game. That should be fun.
G
It figures. I really love this game and after taking all of 2 minutes it is easy to figure out. The problem is the people. People don't want to take the time to figure it out. They are lazy and just want someone else to tell them if they won or not. Stupid fat lazy people. I have heard people actually say...Its too hard to figure out. OMG. These people like most people, can't walk and chew gum at the same time, but they can text and drive! Its a fun game and take the 2 minutes to figure it out and it is fun. Morons
And, this figure doesn't include the millions they've lost in development and marketing, and paying those morons' salaries.
Cud anybody tell me wat number 2 buy for a 11 years wedding anniversary tanks
True but that $25 million is annuity... which means it's anywhere from 50-70% of advertised value. All I am saying is that when people win a million they are not millionaires... and if they win $25 million after cash option and taxes come along they are significantly less wealthy than originally thought...
And you are right you can live well on interest from 1-2 million but... even low risk investments have risk. and i think that for you to enjoy the money and not make it a burden you would need to just have a crazy time, then focus... and winning several million for example 150+ million... would allow for that "mistakes in money management" without it hurting the big picture or the overall cushion you have... maybe it's just me. but that's what i would do. have fun with a couple of million then buckle down and tell stories of what you did!