Welcome Guest
Log In | Register )
The time is now 12:00 pm
You last visited September 20, 2014, 11:57 am
All times shown are
Eastern Time (GMT-5:00)

Senior Citizens and The Lottery

Topic closed. 21 replies. Last post 4 years ago by Old Eagle.

Page 1 of 2
51
PrintE-mailLink
GiveFive's avatar - Lottery-026.jpg
NY State
United States
Member #92611
June 10, 2010
2112 Posts
Online
Posted: March 1, 2011, 8:09 am - IP Logged

It seems to me that many senior citizens play the lottery.  That's a very unscientific observation I made just by being in stores and buying tickets myself, or by looking at various states lottery websites and seeing pictures of some of the winners of large prizes.

First, let me say: "YOU GO SENIORS!!!"  More power to you and I hope you win a jackpot!

For those seniors that do play, we're talking about a large sum of money if you win. Will you live long enough to collect it all?  Most scratch off prizes are annuities.  If your 81 years old and win a twenty year payout, the chances are pretty good that you wont collect for the full twenty years.  Does the annutity die with the winner? 

I once worked with a man who's first wife died unexpectedly while he was in his forties. When I worked with him, he was in his early sixties, and he had re-married. He was a regular lottery player, and had purchased a subscription for New York's online jackpot game, Lotto.  He told me it was a group subscription with him and his wife being the only two members of the group.  I asked him why he had chosen a group subscription as opposed to an individual subscription. He said if he won, he wanted to make sure his wife received at least one-half of the money should he pass away. (At the time Lotto only offered a 20 year annuity for a first prize winning payout. There was no cash option) 

So is my observation correct?  Do you think a large percentage of the lottery playing public is above 60 years of age?  If so, why do you think that's the case?

Winning a Jackpot - unlikely but POSSIBLE!

    sully16's avatar - sharan
    Listens to the wind

    United States
    Member #81740
    October 28, 2009
    19535 Posts
    Offline
    Posted: March 1, 2011, 8:12 am - IP Logged

    When I go to play my tickets, at 49 years old I am by far the youngest person there.

    There's only one US Flag

      Raven62's avatar - binary
      New Jersey
      United States
      Member #17843
      June 28, 2005
      17937 Posts
      Offline
      Posted: March 1, 2011, 10:10 am - IP Logged

      It seems to me that many senior citizens play the lottery.  That's a very unscientific observation I made just by being in stores and buying tickets myself, or by looking at various states lottery websites and seeing pictures of some of the winners of large prizes.

      First, let me say: "YOU GO SENIORS!!!"  More power to you and I hope you win a jackpot!

      For those seniors that do play, we're talking about a large sum of money if you win. Will you live long enough to collect it all?  Most scratch off prizes are annuities.  If your 81 years old and win a twenty year payout, the chances are pretty good that you wont collect for the full twenty years.  Does the annutity die with the winner? 

      I once worked with a man who's first wife died unexpectedly while he was in his forties. When I worked with him, he was in his early sixties, and he had re-married. He was a regular lottery player, and had purchased a subscription for New York's online jackpot game, Lotto.  He told me it was a group subscription with him and his wife being the only two members of the group.  I asked him why he had chosen a group subscription as opposed to an individual subscription. He said if he won, he wanted to make sure his wife received at least one-half of the money should he pass away. (At the time Lotto only offered a 20 year annuity for a first prize winning payout. There was no cash option) 

      So is my observation correct?  Do you think a large percentage of the lottery playing public is above 60 years of age?  If so, why do you think that's the case?

      In the absence of a Beneficiary Form the remainer of the Annuity should go to their Estate.

      A mind once stretched by a new idea never returns to its original dimensions!

        truecritic's avatar - PirateTreasure
        Michigan
        United States
        Member #22395
        September 24, 2005
        1583 Posts
        Offline
        Posted: March 1, 2011, 10:24 am - IP Logged

        When I go to play my tickets, at 49 years old I am by far the youngest person there.

        Probably by far the better looking too!  That's why I don't get my tickets where you get yours!  ROFL

          Coin Toss's avatar - shape barbed.jpg
          Zeta Reticuli Star System
          United States
          Member #30470
          January 17, 2006
          9059 Posts
          Offline
          Posted: March 1, 2011, 10:45 am - IP Logged

          GiveFive,

          I'm not sure if it happens to be just wher you play (or Sully16, too), but judging from this board I'd say there are a whole lot of younger players.

          I will say that when a jackpot gets pumped up, such as the last PB, and "jackpot fever" hits, it's definitely all ages that play.

          What do you think the average age on this board is?

          Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

          Lep

          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

            sully16's avatar - sharan
            Listens to the wind

            United States
            Member #81740
            October 28, 2009
            19535 Posts
            Offline
            Posted: March 1, 2011, 10:57 am - IP Logged

            GiveFive,

            I'm not sure if it happens to be just wher you play (or Sully16, too), but judging from this board I'd say there are a whole lot of younger players.

            I will say that when a jackpot gets pumped up, such as the last PB, and "jackpot fever" hits, it's definitely all ages that play.

            What do you think the average age on this board is?

            If I had to guess the average age I'd say 38, I bet Todd could figure it out.

            My sub -division if full of the elderly, we all frequent the same store.

            There's only one US Flag

              savagegoose's avatar - ProfilePho
              adelaide sa
              Australia
              Member #37136
              April 11, 2006
              2790 Posts
              Offline
              Posted: March 1, 2011, 11:08 am - IP Logged

              my neices look at me like im a crazy uncle when i talk lotto.

              but im sure i'll be sweet uncle fancy pants if i win.

              no neices range form about 16 to 32,  non of them play.

              infact i have run into quite a few people who dont have a clue about it, how to enter, or what to check incase the won!

              can you believe that! people who dont know how to enter a ticket!

              2014 winnings

              JAN -$48.50;  FEB  -$77.5; MAR -$18.05;  APR -$96.05 MAY -$61.10; JUN $-85; JUL $-88.9;AUG -$144.10

              yearly grand totalspent = 938.05won= 318.8-$619.25


                GiveFive's avatar - Lottery-026.jpg
                NY State
                United States
                Member #92611
                June 10, 2010
                2112 Posts
                Online
                Posted: March 1, 2011, 12:16 pm - IP Logged

                GiveFive,

                I'm not sure if it happens to be just wher you play (or Sully16, too), but judging from this board I'd say there are a whole lot of younger players.

                I will say that when a jackpot gets pumped up, such as the last PB, and "jackpot fever" hits, it's definitely all ages that play.

                What do you think the average age on this board is?

                That's an excellent question Toss.

                I really dont have any idea of the average age of the members here at LP.  My gut tells me it could be older than late thirties, but that's just emotion.  Yeah, I would agree, Lotto Fever definitely brings out everbody, regardless of age.

                I also agree that there are many younger players.  For me though, with my little un-scientic observation, it's born more from looking at pictures of winners on the lottery's website, than it is from people watching in the stores.  I know a guy who owns a deli and sells lottery tickets. When I see him, I'll ask him if he's noticed if there are a preponderance of "mature" players.  (ie Old Goats like me!) He'll probably just say it's all ages.

                A few months back, I went to a gas station to buy gas.  I pumped it and went in to pay.  There's a long line of gas customers waiting to pay, because some old grump was calling off numbers to the clerk!  And he didnt look like he was gonna stop any time soon either!!  The construction worker in line ahead of me was getting more PO'd by the second as the calling out of numbers went on and on.  So he turned to me and whispers "That Old Fool (only he didnt use the word "Fool".  Rather he used an expletive common to construction workers that also begins with the letter 'F') aint gonna live long enough to enjoy it if he wins!  And his grand kids are gonna blow through it like shxx through a goose too!"

                I said "Yeah, they will, but they'll darn sure love The Old Cuss after he's gone!"  You shoulda seen 'im.  New York Yankee's baseball hat on, faded blue jeans and high top black U.S. Keds sneakers. (Remember them?)  He was kinda cute...hadn't shaved in a week...  You've seen 'im lottsa times.... musta been 85 if he was a day.

                Winning a Jackpot - unlikely but POSSIBLE!

                  rdgrnr's avatar - walt
                  -Ridge Runner- Oracle of the Appalachians
                  Way back up in them dadgum hills, son!
                  United States
                  Member #73904
                  April 28, 2009
                  14903 Posts
                  Offline
                  Posted: March 12, 2011, 10:01 pm - IP Logged

                  Just guessing I'd say the average age of lottery players is older than the average age of people in the US.

                  I can only judge from my experience living in a predominately peckerwood part of a hillbilly state though.

                  The average age of LP members is radically skewed though by one really old guy in Kentucky.


                                                               
                                       
                                                           

                   

                   

                   

                   

                                                                                                                     

                  "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                              --Edmund Burke

                   

                   

                    JAP69's avatar - 2526
                    South Carolina
                    United States
                    Member #6
                    November 4, 2001
                    8506 Posts
                    Online
                    Posted: March 12, 2011, 10:15 pm - IP Logged

                    Here is a poll done some time ago of L P members on ages. Happen to remember it done and searched for it.

                    http://www.lotterypost.com/thread/125821

                    Stats hunting: Type

                      sully16's avatar - sharan
                      Listens to the wind

                      United States
                      Member #81740
                      October 28, 2009
                      19535 Posts
                      Offline
                      Posted: March 12, 2011, 10:50 pm - IP Logged

                      Thanks Jap, if you average the low then average the high the average age is between 44-45 years old, for those who participated in the poll.

                      There's only one US Flag

                        rdgrnr's avatar - walt
                        -Ridge Runner- Oracle of the Appalachians
                        Way back up in them dadgum hills, son!
                        United States
                        Member #73904
                        April 28, 2009
                        14903 Posts
                        Offline
                        Posted: March 12, 2011, 11:01 pm - IP Logged

                        Now I really feel old.

                        I used to be known as "the kid"!


                                                                     
                                             
                                                                 

                         

                         

                         

                         

                                                                                                                           

                        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                    --Edmund Burke

                         

                         

                          Coin Toss's avatar - shape barbed.jpg
                          Zeta Reticuli Star System
                          United States
                          Member #30470
                          January 17, 2006
                          9059 Posts
                          Offline
                          Posted: March 13, 2011, 12:00 am - IP Logged

                          Here is a poll done some time ago of L P members on ages. Happen to remember it done and searched for it.

                          http://www.lotterypost.com/thread/125821

                          Good find, JAP69.

                          Looks like since that poll was five years ago every one who voted in it has moved up one age bracket!

                          Scared

                          Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                          Lep

                          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                            ttech10's avatar - blobdude
                            Texas
                            United States
                            Member #92332
                            June 5, 2010
                            779 Posts
                            Offline
                            Posted: March 14, 2011, 12:24 am - IP Logged

                            I've stopped at a few different stores since I've been playing and there's rarely someone older than 50 buying tickets, usually they're in their 30s. Myself I'm in the mid-20s but haven't been playing too long.

                             

                            I've read the myth that the annuity disppears with the winner but I've read on many places it won't, as well as it being discussed on the "Lottery Changed My Life" show. If you win with annuity and pass away then your relatives should still benefit from the annuity.

                              ameriken's avatar - 33ojew2
                              Denver, Co
                              United States
                              Member #103049
                              December 29, 2010
                              546 Posts
                              Offline
                              Posted: March 14, 2011, 1:24 am - IP Logged

                              Judging by myself and some of the other members here, I figured the average age would be late 40's to early 50's. I'm not surprised if there are many seniors. When my wife and I go to the casinos in Blackhawk, we see quite a seniors. They have the disposable income and they're looking for something to do. Gambling is a perfect match.