Tennessee Lottery officials have selected three scratch-off ticket players for the October 22nd drawing for a $1 million grand prize.
The finalists were selected from more than 225,000 entries submitted by players of "Tennessee Millionaire" and "Volunteer Millionaire" instant win games. The games are no longer available.
The three finalists are Ann Strong of Alamo; Alvin Bhones of Madison, Ala.; and Peggy Brady of Lancing.
The drawing will be broadcast live from Memphis.
Is the Million dollars cash or annuity ?
Is the Million dollars cash or annuity ?
Depends on what you choose in Tennessee..
I wonder if they will take the same route that many of the finalists in Michigan did recently. That is, agree to split the money no matter who wins. I would agree to the split if I was a finalist.
By not splitting is like betting one third of a millions dollars to win a million. Even though the exepected value of such a wager is exactly 1 (100%), it is highly unusual for someone to wager that much money.
Good luck,
Jake
I wonder if they will take the same route that many of the finalists in Michigan did recently. That is, agree to split the money no matter who wins. I would agree to the split if I was a finalist.
By not splitting is like betting one third of a millions dollars to win a million. Even though the exepected value of such a wager is exactly 1 (100%), it is highly unusual for someone to wager that much money.
Good luck,
Jake
Not in Tennessee they wont.
Remember theres alot of things still done the old southern ways here.
There wont be a split.. Whoever gets it gets it.
I thought the split agreement was, the winner gets the money from the lottery, walks around the corner and splits it three ways. Doesn't matter who wins the draw. That would be a win-win if I was a finalist. One third of something is much nicer than three-thirds of nothing. Kind of like a reverse shell-game.
What they did in Michigan was make an agreement before the draw. Then after the draw, they submitted the agreement to the Lottery officials and the Lottery officials split the prize.
If the money is paid to one person and the person gives the others their money, then there are serious negative tax implications.
Good luck,
Jake
Further to my previous note. When completing a prize claim form in Michigan, there is a question on the form that asks if you are the sole owner of the ticket. There is also a clause on the form that states it is a federal offence to provide false information.
So if the ticket is part of a group, it has to be declared up front.
Good luck,
Jake
That would complicate things. Maybe people should share tickets only for Mega Millions or Powerball.
That would complicate things. Maybe people should share tickets only for Mega Millions or Powerball.
Cash Only,
I have no idea what you are trying to say. Remember my earlier advice. Concentrate over quality over quantity.
Good luck,
Jake
Further to my previous note. When completing a prize claim form in Michigan, there is a question on the form that asks if you are the sole owner of the ticket. There is also a clause on the form that states it is a federal offence to provide false information.
So if the ticket is part of a group, it has to be declared up front.
Good luck,
Jake
Martha Stewart did that and look how she suffered. Now a Billionaire. Now has a TV show.
Think I read some where it was against a federal law to speed on Indian Land. I think that happens a thousand times a day in Oklahoma.
Pay your taxes, uncle will usually go some where else looking for the uncooperative.