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You last visited May 17, 2008, 2:57 pm

MM/PB Jackpot Sizes

Topic locked. Last post 2 months ago by Uff Da!. 11 replies.
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What MM/PB Jackpot Size Gets You Excited?

Any Size - They're All Good! [ 11 ]  [40.74%]
Over $25 Million [ 0 ]  [0.00%]
Over $50 Million [ 1 ]  [3.70%]
Over $75 Million [ 1 ]  [3.70%]
Over $100 Million [ 7 ]  [25.93%]
Over $150 Million [ 0 ]  [0.00%]
Over $200 Million [ 3 ]  [11.11%]
Over $300 Million [ 3 ]  [11.11%]
None - They're Never High Enough [ 1 ]  [3.70%]
Total Valid Votes [ 27 ]  
Discarded Votes [ 1 ]  
Big Hitter
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Posted: March 27, 2008, 8:13 am - IP Logged Bottom

I play MM every draw, so the current JP has very little influence on how much I play. If the JP goes over 250 Mil, I may double up on my ususal play. I'll take any JP I can get.

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Uff Da!
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Posted: March 27, 2008, 3:49 pm - IP Logged Top

I dont see any problem with sharing tickets only from drawings where the jackpot is over a certain threshold. You definitely can't limit the sharing to jackpots of a certain size, because that would be a tacit acknowledgement that you are sharing the jackpot rather than the ticket. An agreement that says that you are buying and immediately gifting shares of a ticket for any drawing where the advertised jackpot (specifying either annuity or cash value) is at or beyond some threshold should be clear proof that the gift was a share of a ticket with a trivial value, and isn't subject to gift taxes. Should you win a modest jackpot you can obviously make gifts from the proceeds and keep them below the threshold for gift taxes.

Thanks for the suggestion.  I may change the wording on my notorized statement next time.  The current statement is good through June 30, so I'll be doing another one in a few months.  When I made the current one I was only buying MM tickets when the jackpot got larger and switching to buying state lotto tickets (where the probability is better) if the MM was low.  I didn't do a gifting statement for the state lotto. 
 
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