Anyone ever won " win cash for life scrach off ticket " ?Prev Topic Next Topic

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addai1516

Newyork City NY / westland michigan
United States
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June 23, 2010
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Sep 9, 2013, 3:39 pm

is it really true ? $1000 to $4000 a week for life ? congrats to anyone that ever won !! share ur story if u dont mind !!

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maringoman

Massachusetts
United States
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April 14, 2006
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Sep 9, 2013, 4:34 pm

I doubt they would print out scratch tickets with that promise and then go back on their promise should someone win. Their defination for win for life is about 20 years, I don't know if they think we're all 75 or something

That money's gone fo ever
lambo1013

Brooklyn, New York
United States
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April 16, 2012
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Sep 9, 2013, 4:47 pm

I know 2 people personally that have one. 1 was one of my own customers, my dad sold her a $2000 a week for like ticket and now she gets around $1600 a week after taxes. Another was a kid in my high school class who won a week before graduation, he won $1000 a week and gets around $36,000 a year after taxes, so yeah the tickets are out there and it's just pure luck

Cause every setback sets you up for a comeback
dallascowboyfan

Oklahoma
United States
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November 12, 2009
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Sep 9, 2013, 8:48 pm

Quote: Originally posted by lambo1013 on Sep 9, 2013
I know 2 people personally that have one. 1 was one of my own customers, my dad sold her a $2000 a week for like ticket and now she gets around $1600 a week after taxes. Another was a kid in my high school class who won a week before graduation, he won $1000 a week and gets around $36,000 a year after taxes, so yeah the tickets are out there and it's just pure luck

There was an article about a year or two ago about a kid that won a scratch-off just before he graduated high school.

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IPlayWeekly

Columbus, Ohio
United States
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June 5, 2012
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Sep 10, 2013, 6:04 am

That's crazy... so many winning tickets out there
TooTallLuke

Ontario
Canada
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December 31, 2012
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Sep 10, 2013, 8:31 am

My wife $4 x 4 on one ticket last year. I've won a few small prizes, but nothing big

Here in Ontario our current Cash For Life is $2,000 a week for life, but when they say life they mean 25 years, not sure if it's the same in the US. The nice thing here is we don't pay an tax on lottery wins.

I was in New York over the weekend and saw they have a $10,000 a week for life scratch, $20 per ticket (ouch). I didn't buy one.
mikeintexas

Texas Panhandle
United States
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December 20, 2012
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Sep 10, 2013, 5:27 pm

I was out earlier getting my lottery tickets and bought a Weekly Grand and won $20.

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ttech10

Texas
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June 5, 2010
887 Posts
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Sep 10, 2013, 5:50 pm

Most of the ones I play specify that it's limited to X amount total or X amount of years.
LottoMetro

Happyland
United States
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September 1, 2013
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Sep 10, 2013, 6:11 pm

Quote: Originally posted by addai1516 on Sep 9, 2013
is it really true ? $1000 to $4000 a week for life ? congrats to anyone that ever won !! share ur story if u dont mind !!

Yes, I won 5 cents a week for life.....my bank account pays that in interest

These lotteries are very deceptive when they say "X a week for life." It is never "for life," it is always for 20-30 years. That would be like saying you win $20 million a year for life when the Powerball is $400 million or whatever.

If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

P&L % = Total Win($)/Total Wager($) - 1
rdgrnr

100

The Hall Of The Mountain Kings Tennessee
United States
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April 28, 2009
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Sep 10, 2013, 7:56 pm

Anyone ever won " win cash for life scrach off ticket " ?

No.

And that "no" is inexorable.
Artist77

United States
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January 16, 2012
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Sep 10, 2013, 8:21 pm

I think for the win for life tickets in VA (not scratch off) when they say a minimum of 10 years, it means that your heirs will get 10 years or less of money if you die before 10 years. it is still tied to your entire life span and that is why those tickets cannot be sold to those "buy out" lottery services.
mediabrat

upstate NY
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March 31, 2011
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Sep 14, 2013, 4:09 pm

Quote: Originally posted by Artist77 on Sep 10, 2013
I think for the win for life tickets in VA (not scratch off) when they say a minimum of 10 years, it means that your heirs will get 10 years or less of money if you die before 10 years. it is still tied to your entire life span and that is why those tickets cannot be sold to those "buy out" lottery services.

Right. The people in this thread are confused when they say "it's limited to 20/25 years". When the states say "for life", they mean it; the years quoted is a minimum, not a maximum. You'll win *at least* X years of payments, not *at most*.
LottoMetro

Happyland
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Sep 14, 2013, 4:30 pm

Quote: Originally posted by mediabrat on Sep 14, 2013
Right. The people in this thread are confused when they say "it's limited to 20/25 years". When the states say "for life", they mean it; the years quoted is a minimum, not a maximum. You'll win *at least* X years of payments, not *at most*.

VA Win for Life is lifetime annuity yes, but this is not correct in general, at least for my state.

You receive payments not to exceed a total of X amount. If you get $250K a year and it is limited to $5,000,000 total, then you only receive $250K a year for 20 years. Most tickets state both the time (20 years) and total amount ($5 million). There are absolutely NO tickets here that feature really "for life" payments. The reasoning is financial liability. If I win $250K a year for life, and I win at age 18 and live to be 80, that would be enormous liability on the state, and mathematically it would likely be wise for me to buy a ticket (depending on the odds of course).

Also, even if you win the regular lottery, if there is any kind of annuity, your estate will continue receiving payments. So the "for life" marketing gimmick really isn't special. I also know that GA has win for life, but honestly, $1K per week for life isn't that much. Even if you live beyond 100.

If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

P&L % = Total Win($)/Total Wager($) - 1
mediabrat

upstate NY
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Sep 14, 2013, 7:20 pm

Quote: Originally posted by LottoMetro on Sep 14, 2013
VA Win for Life is lifetime annuity yes, but this is not correct in general, at least for my state.

You receive payments not to exceed a total of X amount. If you get $250K a year and it is limited to $5,000,000 total, then you only receive $250K a year for 20 years. Most tickets state both the time (20 years) and total amount ($5 million). There are absolutely NO tickets here that feature really "for life" payments. The reasoning is financial liability. If I win $250K a year for life, and I win at age 18 and live to be 80, that would be enormous liability on the state, and mathematically it would likely be wise for me to buy a ticket (depending on the odds of course).

Also, even if you win the regular lottery, if there is any kind of annuity, your estate will continue receiving payments. So the "for life" marketing gimmick really isn't special. I also know that GA has win for life, but honestly, $1K per week for life isn't that much. Even if you live beyond 100.

If I'm understanding you correctly, you're talking about two different things. Yes, most scratchers and other jackpots that pay out per annum do indeed have a limit. That makes perfect sense, as they are billed as having finite jackpots. However, I'm not aware of any game that is marketed as "win for life" that does not pay out as advertised. There's VA's Win For Life, as you mentioned; there's also New England's Lucky For Life draw game, New York has a whole series of Win For Life scratchers, and I'm sure there are other scratchers of the WFL variety around the nation.
LottoMetro

Happyland
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Sep 14, 2013, 7:51 pm

Quote: Originally posted by mediabrat on Sep 14, 2013
If I'm understanding you correctly, you're talking about two different things. Yes, most scratchers and other jackpots that pay out per annum do indeed have a limit. That makes perfect sense, as they are billed as having finite jackpots. However, I'm not aware of any game that is marketed as "win for life" that does not pay out as advertised. There's VA's Win For Life, as you mentioned; there's also New England's Lucky For Life draw game, New York has a whole series of Win For Life scratchers, and I'm sure there are other scratchers of the WFL variety around the nation.

Yes, there is a discrepency which is basically my point. Here in my state they will advertise games as "for life" but they are not lifetime annuities. People assume "for life" is synonymous with a lifetime annuity, but you have to read the fine print.

On another note, I have noticed that my state has started putting the asterisks and fine print on the front of the ticket; I imagine this has something to do with the popularity of these "for life" games and a number of complaints by players.

If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

P&L % = Total Win($)/Total Wager($) - 1

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