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Powerball Lottery Jackpot Grows to New Record of $340 Million

Topic closed. 45 replies. Last post 11 years ago by CASH Only.

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Coastal Georgia
United States
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October 30, 2003
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Posted: October 16, 2005, 1:56 pm - IP Logged

I would take it even if it were split 5 ways.....

 

 

                               

              

 

 

    konane's avatar - wallace
    Atlanta, GA
    United States
    Member #1265
    March 13, 2003
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    Posted: October 16, 2005, 2:12 pm - IP Logged

    Chewie,

    That's the way it's always worked.  Why the sour attitude about it?  Have some fun!  That rule about the Bonus Prize Pool has been in effect for years now, but it's never even been tested before.  Why not give it a chance to see how it goes before ripping it a new one?

    However, as always, I enjoy your commentary.

    Cheers

    When some one from the lottery higharchy tells me how great something is, I gotta ask what their motive is.

    My dad told me, almost every day of his life, nothing is free. Someone, somewhere, paid for it some how. There is a penalty for every short cut. He made me question my decision to want a motorcycle over a car, and analysize the advantages and disadvantages of each decision. When I did that, the results were results I was aware of. He felt you could do dumb things in life, just know they were dumb things before you did them. He had no problem with me jumping off a bridge, he just wanted me to realize whether I could swim or not, before I jumped. He died of cancer, and wanted me to know that if I also wanted to smoke, I might also die of cancer. Make the decision based on your brain, not your emotion.

    I have to ask myself, when was the last time a lottry executive jumped up on a bandwagon and did something for the lottery players? Why now? Why not push it every drawing? Usually, the answer is always related to profits. Follow the money. Make people think about why some one went out of their way to pick today to push something. I question why they chose the giveaway option they did and not one that would have benefited a greater population - with the same cost to them.

    At the end of the day, I'll be in line, like the rest of the sheep, buying those magical tickets. Wondering how I would handle winning $150M, or whatever the number will be. But I will have done it knowing I thought about why I was spending that ticket money before I spent it. It will not be because I was a victum to the hype or a victum of emotion. It will be because I had a dream outside of the hype and emotion had not a single thing to do with it.

     

     

    Chewie ..... that was a superbly qualified statement about emotion and most of all not allowing it to be a decision maker.  Applause!!!  Very well stated!!  Your dad did a good job of teaching you!!  Hurray!

    Good luck to everyone!

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      Sparta, NJ
      United States
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      July 9, 2005
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      Posted: October 16, 2005, 2:28 pm - IP Logged

      Thanks. Never knew what a great person he was, until it was too late to tell him. Everything your dad told you when you were sixteen - or twenty-one - was a lectrure, not advise. Same mistake most people make.

      Cheers

      |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

      I only trust myself - and that's a questionable choice

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        Redmond WA
        United States
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        July 29, 2004
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        Posted: October 16, 2005, 2:56 pm - IP Logged

          I wonder if Jack Whitaker is going to buy a ticket for this draw.

          bellyache's avatar - 64x64a9wg

          United States
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          Posted: October 16, 2005, 3:00 pm - IP Logged

          I wonder if Jack Whitaker is going to buy a ticket for this draw.

          Wouldn't that be weird if he did buy some tickets and won again? I know that there have been people who have won multiple jackpots, but it still would be strange.

          Dance like no one is watching.

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            Bethesda, Maryland
            United States
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            June 6, 2005
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            Posted: October 16, 2005, 4:40 pm - IP Logged

            OCTOBER...16TH.....HAPPY SUNDAY...TO MY FELLOW "MM" PLAYERS.......

            I was watching the football game.....finaly broke away...couldn't take anymore......LOLOLOLOL

            Or rather my nerves couldn't....I concurr w/those of you on this subject who say, you'd be happy with any slice of this pie.....$164 million dollars.....(forget the original $$$$340.00)we don't even have to dsicuss the original sum...just that $164.00 after you satisfy the FEDS.is phenominal to me. Just a piece that would give my checking account a "massive heart attack"

            But, think of this as well.....someone out here,  is destined/intended by Almighty God to win that money and perhaps they haven't,  like me,  played or purchased their ticket(s) yet....I mean whoever is intended to win, is IN LINE TO WIN...and  that would explain why we have watched the $$$$$$$$$$$$ reach 340.000,000.00.....after all someone has to win..but perhaps the winner just hasn't played....(I guess that means that "me and all the turtles and snails out here) had better antie up, before Wednesday the 19th..........LOLOLOLOLOLOL......Hyper

             

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              Bethesda, Maryland
              United States
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              June 6, 2005
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              Posted: October 16, 2005, 4:47 pm - IP Logged

              OCTOBER..16TH........ADDENDUM......4:45PM  EST

              question.........Would it be possible for someone to win both the $$$$$$$90,000,000.00 MM PRIZE, as well as the $$$$$$$$$$340,000,000.00 POWERBALL JACKPOT......??????

              After all my understanding is that the new $$$$$$$ IS 90,000,000.00Lurking

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                Morrison, IL
                United States
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                Posted: October 16, 2005, 4:50 pm - IP Logged

                I wonder how much marketing they did to educate people of the new annuity schedule. Most people will believe that when there is a new record annuity jackpot that basically means a new record cash value (Most people at this jackpot level will choose cash). Powerball could tomorrow change the cash to annuity ratio to around 25% which could lead to a new record annuity jackpot of $400 million. Does that really mean its a new record? Not in my book.

                The record jackpot title should only be given to the new Powerball jackpot if the annuity was the same as before; 29 equal payments NOT backloaded payments.

                But this is only my opinion. Most people really dont care.

                 Apparently, lots of players bitched about the new annuity payments, although they only changed those to respond to the other lot of players who bitched about inflation hurting the value of the annuity payments.

                  Taken from Powerball's FAQ page:

                WHY HAS THE CASH JACKPOT GONE DOWN?

                Actually, it is the annuity jackpot that has gone UP. We start with the cash jackpot amount. In the Powerball game, thirty cents of every dollar sale goes into the cash jackpot pool. The difference between the cash jackpot and the annuity jackpot depends on how much we can make in interest earnings. The more interest that we can make, the higher the annuity jackpot. In times of high interest rates, the annuity prize will go UP and the difference between the two jackpot amounts will increase. It is not that we have reduced the cash; but only that we have been able to increase the annuity prize.

                Interest rates have stayed about the same, but a change in the payment method of the Powerball annuity prize has increased the interest earnings to build the annuity prize. The annuity is now paid out as a graduated annuity. Each payment is 4% higher than the previous year's payment to help keep up with inflation. The annuity prize used to be paid out in equal payments. Persons who elect to take the annuity prize do so because they don’t want to worry about investing the money. They want to maintain their lifestyle for the term of the annuity. In fact, our past practice of equal installments did not really meet the needs of these winners. Going from an income of say $50,000 a year to say $1 million per year sounds great (and I hear that it is), but ten years later, the winner’s income is still $1 million a year and the price of luxury cars and yachts has gone up. In twenty years, the fact that the winner is living on a “fixed income” really starts to sink in. If you took the cash jackpot amount to a professional financial advisor, they would certainly recommend a graduated annuity so that your “real” income would stay at the same level every year. The Powerball annuity jackpot now does that.

                  RJOh's avatar - chipmunk
                  mid-Ohio
                  United States
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                  March 24, 2001
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                  Posted: October 16, 2005, 4:58 pm - IP Logged

                    I wonder if Jack Whitaker is going to buy a ticket for this draw.

                  A ticket? No.  Jack deals in hundreds, he bought a hundred dollars worth before when he won and he has even more money to waste now.  He'll probably buy a bunch.

                  If Jack had dealt with single bills, he probably wouldn't have won the jackpot and certainly people would not have been robbing him and his cars so often.

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
                               Evil Looking       

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                    Sparta, NJ
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                    Posted: October 16, 2005, 5:40 pm - IP Logged

                    I wonder if Jack Whitaker is going to buy a ticket for this draw.

                    Wouldn't that be weird if he did buy some tickets and won again? I know that there have been people who have won multiple jackpots, but it still would be strange.

                    If "Whitikar" won, he would be buried with the ticket. His wife would kill him. She would make him the next sacrifice.

                    Cheers

                    |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                    I only trust myself - and that's a questionable choice

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                      Sugar Land, TX
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                      Posted: October 16, 2005, 8:47 pm - IP Logged

                      Times like this, I wish Texas had Powerball.

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                        Coastal Georgia
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                        October 30, 2003
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                        Posted: October 16, 2005, 9:14 pm - IP Logged

                        Times like this, I wish Texas had Powerball.

                        Do what I do...cross the border and buy your tix..

                        Fortunately, I live in a border county to South Carolina, so it's not too much of a ride, but I admit it is getting monotonous .

                        Driving over there, standing in line, buying the tickets like a good little drone..

                         

                        Somebody please win Wednesday so we all can go back to normalcy !!!!

                         

                                                       

                                      

                         

                         

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                          FLORIDA
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                          Posted: October 16, 2005, 9:39 pm - IP Logged

                          Times like this, I wish Texas had Powerball.

                          There reaches a point in someone's life when they have to take the mythical trip to Hardeeville. Someday you'll look back and know this is one of those times!
                            mken32's avatar - Lottery-062.jpg
                            I dont know where
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                            Posted: October 16, 2005, 9:47 pm - IP Logged

                            Times like this, I wish Texas had Powerball.

                            Do what I do...cross the border and buy your tix..

                            Fortunately, I live in a border county to South Carolina, so it's not too much of a ride, but I admit it is getting monotonous .

                            Driving over there, standing in line, buying the tickets like a good little drone..

                             

                            Somebody please win Wednesday so we all can go back to normalcy !!!!

                            Hey I live in Jacksonville Fl and I took a road trip to SC to play because I love to play the Big jackpots, was it worth it probably not if I don't win anything or If my ticket hit the Jackpot I am the man. 330 round trip

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                              Coastal Georgia
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                              October 30, 2003
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                              Posted: October 16, 2005, 10:36 pm - IP Logged

                              Times like this, I wish Texas had Powerball.

                              There reaches a point in someone's life when they have to take the mythical trip to Hardeeville. Someday you'll look back and know this is one of those times!

                              My trip to Hardeeville is not mythical--Indeed that is where I buy my tix:

                              Hardeeville, SC