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Powerball lottery madness spreads to big media

Topic closed. 80 replies. Last post 11 years ago by CASH Only.

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Portland
United States
Member #7262
September 27, 2004
111 Posts
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Posted: October 18, 2005, 1:54 pm - IP Logged

I just hope again: there are two or more winners for this drawing. It is somewhat a medicine to discount the hopelessness!!!Noel

    starchild_45's avatar - spherewall2
    kent, washington
    United States
    Member #3509
    January 26, 2004
    465 Posts
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    Posted: October 18, 2005, 2:12 pm - IP Logged

    what is the new rule about this? "changes to the way unclaimed prizes are distributed"  i think indiana had a 100 million dollar pot go unclaimed. i know this vast and very intelligent group knows the answer to this one.

    thanks

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      New Mexico
      United States
      Member #12305
      March 10, 2005
      2984 Posts
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      Posted: October 18, 2005, 2:20 pm - IP Logged

      I just hope again: there are two or more winners for this drawing. It is somewhat a medicine to discount the hopelessness!!!Noel

      If there's gotta be two or more I hope one of them's you.  You, Shalini, and my humble self.  However , if we gotta lose two, I'd appreciate it if you and Shalini would bow out gracefully.

      Jack

      Absorb the good, ignore the bad, weigh the ugly.

      It's about number behavior.

      Egos don't count.

       

      Dedicated to the memory of Big Loooser

       

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        New Member
        Pennsylvania
        United States
        Member #23954
        October 18, 2005
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        Posted: October 18, 2005, 3:37 pm - IP Logged

        Hi! Friends

        I am new to this site, in the past I browsed the site. It's a wonderful place for Dreamers.

        I hope some lottery post member wins this PB jackpot this wednesday.

        I seldom play lottery, but whenever the jackpot is big ,I buy a ticket or two.  I am planning to buy one ticket  in Pennsylvania today.

        Boy, $340 millions is huge. So, I am not going to miss out on this wonderful opportunity to may be win & then help the needy people worldwide.

        Good Luck to all of You!   Keep dreaming & keep winning!

         

        Just for fun....please read the following joke.  Thanks!

        =====================

        Joe’s  prayer to God

        Joe finds himself in dire financial trouble. His business has gone bust and he's in serious financial trouble.

        He's so desperate that he decides to ask God for help.

         

        He begins to pray "Oh God, please help me, I've lost my business and if I don't get some money, I'm going to lose my house as well, so please let me win the lottery".

        Lottery night comes and somebody else wins it.

         

        Joe again prays to God, “please let me win the lottery, I've lost my business, my house and I'm going to lose my car as well".

        Lottery night comes and Joe still has no luck!!

        Joe is back to the Prayer room "God, why have you forsaken me? I've lost my business, my house, my car and my wife and children are starving.
        I don't often ask you for help and I have always been a good servant to you. Why won't you just let me win the lottery this one time so I can get my life back in order???"

        Suddenly there is a blinding flash of light as the sky parts open and Joe is confronted by the voice of God
        "Joe, please buy a lottery ticket first".

         

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          Columbia City, Indiana
          United States
          Member #2978
          December 9, 2003
          381 Posts
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          Posted: October 18, 2005, 3:46 pm - IP Logged

          I acutally had an argument today with someone who swears this is the biggest lottery jackpot ever, and they know so because they saw it on the news.  My reply was, "Oh, I didn't know that $340 million is bigger than $363 million, must be that new math I heard about".  Anyway, I'm excited about the drawing and dreaming about a big win.  I know the odds are way against me, but hey, dreaming can be fun!

          Mrmst:

          Your point serves to illustrate how the Hoosier Lottery has gotten away with bilking the people of Indiana for so many, many years. People here watch the drawings on TV, so they're certain they're watching ping-pong balls being drawn. What they're actually seeing is the animation, which has been cleverly designed to resemble a mechanical drawing. When I tell them the numbers have been drawn electronically since 2000, they don't believe it; they refuse to believe it because THEY'VE SEEN THE BALLS BEING DRAWN ON TV!

          The media is responsible for fair and accurate reporting of the facts. Unfortunately, many reporters find it necessary to interject their own views and opinions, either as part of the story or as an afterthought or counterpoint. This trend seems to be growing as time goes on. Reporters take it for granted that we either don't have time to think for ourselves, or we're just too lazy to weigh the facts and reach our own conclusions. Listen to any newscast, and you'll hear the anchor making personal comments about the story to the weatherman, or whomever happens to be in the studio. This banter can and does have an effect on the formation of people's opinions and judgments. If they like the reporter, they'll tend to agree with nearly anything that reporter says, because they trust him or her.

          I'm not interested in their opinions. I couldn't care less what they think. Their job is to tell me what happened - nothing more, nothing less. Facts are not subject to embellishment.

          Several years ago, a space shuttle bumped into the International Space Station while attempting a docking maneuver. CNN's Tonya Roberts reported, "The space shuttle carreened out of control while docking with..." Is this Ms. Robert's fault? Probably not, since she's paid to read copy, but the fact remains the story was embellished. "Carreened out of control" simply sounds better than, "accidentally bumped into." Yet, later that day, I heard my friends talking about "the space shuttle crash," and they wondered if NASA would be able to bring the astronauts home.

          People believe what they see and hear. Consequently, most people are misinformed to some degree about any given issue. They see a five-minute newscast and come away feeling like an expert, as if they know everything there is to know about that item. "After all," they reason, "if there were any more to know, it would have been included in the story."

          Likewise, they reason, "If this wasn't the largest jackpot in history, Carol Costello (for instance) wouldn't have told me it was."

          I'm happy to say that I DON'T include members of LotteryPost in this generalization. Most of us here enjoy a very curious nature, so we're not satisfied with one person telling us what's what; we'll listen, but then we'll go verify it and check things out for ourselves. Any inaccuracies we find are mecilessly exposed and corrected.

          The news media could take a lesson here.

          Come, Pinky; we must prepare for tomorrow night...

          Jim

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            New Mexico
            United States
            Member #12305
            March 10, 2005
            2984 Posts
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            Posted: October 18, 2005, 4:12 pm - IP Logged

            I acutally had an argument today with someone who swears this is the biggest lottery jackpot ever, and they know so because they saw it on the news.  My reply was, "Oh, I didn't know that $340 million is bigger than $363 million, must be that new math I heard about".  Anyway, I'm excited about the drawing and dreaming about a big win.  I know the odds are way against me, but hey, dreaming can be fun!

            Mrmst:

            Your point serves to illustrate how the Hoosier Lottery has gotten away with bilking the people of Indiana for so many, many years. People here watch the drawings on TV, so they're certain they're watching ping-pong balls being drawn. What they're actually seeing is the animation, which has been cleverly designed to resemble a mechanical drawing. When I tell them the numbers have been drawn electronically since 2000, they don't believe it; they refuse to believe it because THEY'VE SEEN THE BALLS BEING DRAWN ON TV!

            The media is responsible for fair and accurate reporting of the facts. Unfortunately, many reporters find it necessary to interject their own views and opinions, either as part of the story or as an afterthought or counterpoint. This trend seems to be growing as time goes on. Reporters take it for granted that we either don't have time to think for ourselves, or we're just too lazy to weigh the facts and reach our own conclusions. Listen to any newscast, and you'll hear the anchor making personal comments about the story to the weatherman, or whomever happens to be in the studio. This banter can and does have an effect on the formation of people's opinions and judgments. If they like the reporter, they'll tend to agree with nearly anything that reporter says, because they trust him or her.

            I'm not interested in their opinions. I couldn't care less what they think. Their job is to tell me what happened - nothing more, nothing less. Facts are not subject to embellishment.

            Several years ago, a space shuttle bumped into the International Space Station while attempting a docking maneuver. CNN's Tonya Roberts reported, "The space shuttle carreened out of control while docking with..." Is this Ms. Robert's fault? Probably not, since she's paid to read copy, but the fact remains the story was embellished. "Carreened out of control" simply sounds better than, "accidentally bumped into." Yet, later that day, I heard my friends talking about "the space shuttle crash," and they wondered if NASA would be able to bring the astronauts home.

            People believe what they see and hear. Consequently, most people are misinformed to some degree about any given issue. They see a five-minute newscast and come away feeling like an expert, as if they know everything there is to know about that item. "After all," they reason, "if there were any more to know, it would have been included in the story."

            Likewise, they reason, "If this wasn't the largest jackpot in history, Carol Costello (for instance) wouldn't have told me it was."

            I'm happy to say that I DON'T include members of LotteryPost in this generalization. Most of us here enjoy a very curious nature, so we're not satisfied with one person telling us what's what; we'll listen, but then we'll go verify it and check things out for ourselves. Any inaccuracies we find are mecilessly exposed and corrected.

            The news media could take a lesson here.

            That part about the animation is amazing.  I never knew they simulated ball draws where RNG is used.

            But I suppose it fits right in.  I'd bet Indiana ain't the only place it's done.

            The entire discussion of what's the largest jackpot is fairly mooshy.  The winner who takes a lump for half of the largest jackpot in history didn't win that amount.  He won half that.  Whereas a winner who takes the largest annuity anyone's ever taken, supposing the amount is larger than the largest lump ever taken, is the person who won the largest jackpot in history, no matter what the advertised amount of the jackpots were where lump sums were taken.

            A person 'wins' the amount that is eventually transferred to his bank account, plus taxes.  An annuity winner eventually gets the advertised amount, minus taxes.  A lump chooser gets whatever's left, before taxes, after they subtract the half the winner doesn't win.

            Jack

            Absorb the good, ignore the bad, weigh the ugly.

            It's about number behavior.

            Egos don't count.

             

            Dedicated to the memory of Big Loooser

             

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              United States
              Member #972
              December 30, 2002
              465 Posts
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              Posted: October 18, 2005, 4:44 pm - IP Logged

              Powerball for Dec 25, 2002 when Jack Whittaker won:
              Instead of taking the $314.9 million jackpot as an annuity, Whittaker opted for a single payment of $170 million. After taxes, he got $113.9 million.
               
              Powerball Jackpot for Wed, Oct 19, 2005:
              $340,000,000 annuity
              $164,400,000 cash                                                                                                                                 

              It seems to me that Jack's was the bigger jackpot by $6 million. This is not a record jackpot - yet. You can only compare the cash used to buy the annuities, since the 2005 annuity has been fiddled with, with  balloon payments on a 30 year schedule (an Enron accountant would be proud of the chicanery), not equal payments on a 25 year schedule. 

               

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                New Mexico
                United States
                Member #12305
                March 10, 2005
                2984 Posts
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                Posted: October 18, 2005, 7:47 pm - IP Logged

                Powerball for Dec 25, 2002 when Jack Whittaker won:
                Instead of taking the $314.9 million jackpot as an annuity, Whittaker opted for a single payment of $170 million. After taxes, he got $113.9 million.
                 
                Powerball Jackpot for Wed, Oct 19, 2005:
                $340,000,000 annuity
                $164,400,000 cash                                                                                                                                 

                It seems to me that Jack's was the bigger jackpot by $6 million. This is not a record jackpot - yet. You can only compare the cash used to buy the annuities, since the 2005 annuity has been fiddled with, with  balloon payments on a 30 year schedule (an Enron accountant would be proud of the chicanery), not equal payments on a 25 year schedule. 

                 

                At the rate they're going the largest jackpot in history someday will be a billion bucks with the annuity spread out over 500 years, payouts toward the end being in the million dollar a year range, lump sum value being two dollars and a nickle minus taxes, or annual payments of $18.25 for the first 50 years.

                The news media will have a hayday.  The largest jackpot in history.

                Deceptive trade practices is a civil offense with triple damages awarded if the offenders are found to be in violation.  I'm surprised there isn't already a class action lawsuit filed against Powerball on this issue.  I'd bet there certainly will be, and the advertising practices will change concurrent with an out of court settlement. 

                It won't be the first time a giant has experienced the soul cleansing of having the soles of the feet held to a fire.

                Jack

                Absorb the good, ignore the bad, weigh the ugly.

                It's about number behavior.

                Egos don't count.

                 

                Dedicated to the memory of Big Loooser

                 

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                  Portland
                  United States
                  Member #7262
                  September 27, 2004
                  111 Posts
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                  Posted: October 18, 2005, 9:09 pm - IP Logged

                  Thank you, Jack! And the miracle luck is with you,, too!!

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                    new delhi
                    India
                    Member #22145
                    September 20, 2005
                    174 Posts
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                    Posted: October 18, 2005, 11:14 pm - IP Logged

                    good morning guys...

                    waiting to hear about the MM results and then finally tonight the PB.

                    I wish it is a single winner...its more fun that way.Jack all the best.......Big Smile

                      Todd's avatar - Cylon 2.gif
                      Chief Bottle Washer
                      New Jersey
                      United States
                      Member #1
                      May 31, 2000
                      23266 Posts
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                      Posted: October 18, 2005, 11:19 pm - IP Logged

                      Powerball for Dec 25, 2002 when Jack Whittaker won:
                      Instead of taking the $314.9 million jackpot as an annuity, Whittaker opted for a single payment of $170 million. After taxes, he got $113.9 million.
                       
                      Powerball Jackpot for Wed, Oct 19, 2005:
                      $340,000,000 annuity
                      $164,400,000 cash                                                                                                                                 

                      It seems to me that Jack's was the bigger jackpot by $6 million. This is not a record jackpot - yet. You can only compare the cash used to buy the annuities, since the 2005 annuity has been fiddled with, with  balloon payments on a 30 year schedule (an Enron accountant would be proud of the chicanery), not equal payments on a 25 year schedule. 

                       

                      Roll Eyes

                      For the millionth time, the record is not based on the cash option.  Somebody help me.

                       

                      Check the State Lottery Report Card
                      What grade did your lottery earn?

                       

                      Sign the Petition for True Lottery Drawings
                      Help eliminate computerized drawings!

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                        new delhi
                        India
                        Member #22145
                        September 20, 2005
                        174 Posts
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                        Posted: October 18, 2005, 11:21 pm - IP Logged

                        I've just seen the numbers...I got just oneChair

                        Maybe there is a lucky winner somewhere out there...it sure wasn't me!

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                          New Mexico
                          United States
                          Member #12305
                          March 10, 2005
                          2984 Posts
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                          Posted: October 18, 2005, 11:48 pm - IP Logged

                          Thanks shalini... you as well.

                          j

                          Absorb the good, ignore the bad, weigh the ugly.

                          It's about number behavior.

                          Egos don't count.

                           

                          Dedicated to the memory of Big Loooser

                           

                            Avatar
                            New Mexico
                            United States
                            Member #12305
                            March 10, 2005
                            2984 Posts
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                            Posted: October 19, 2005, 12:04 am - IP Logged

                            Hmmm.  Wonder who defines the criteria for what constitutes the 'record' for the highest jackpot.  I suppose there must be an official body of citizens out there somewhere, non-partisanl lottery players no doubt, who examine all the evidence, weigh the special interests, and debate the issues:

                             

                            Ya.  We use annuity claims to decide what's the largest. 

                            NONONONO.... annuities don't count if the person accepts the lump sum.... it's apples and oranges you're comparing, Rufus!  The actual amount the winner receives has to be it... otherwise there's no anchor.  Only the empty air of billboard claims.

                            Ignatz, you are mindless.  What else are we to go by, if not the billboards?  How are we to know a jackpot size if we don't believe the billboards?  I've seen the checks they hold up to the cameras.  Big checks.  They always are for the amount of the advertised jackpot, even when they take the cash option.  Billboards, Ignatz.  It must be billboards.

                            But Rufus, stop.  Think!  A winner wins the amount he wins.  Not some billboard amount.  If he takes annuity the jackpot is larger for him.  But most take the cash, so the jackpot's smaller.  How you can say, Ignats, a jackpot is 30 million, if the winner only got 15 million?  How you can say a person won the biggest jackpot if he received only half as much as someone who won a smaller jackpot?

                            Ignatz.  You are a fool!

                            Rufus, you are a fool, also!

                            and so on ad infinitum.

                            Jack

                            Absorb the good, ignore the bad, weigh the ugly.

                            It's about number behavior.

                            Egos don't count.

                             

                            Dedicated to the memory of Big Loooser

                             

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                              baton rouge
                              United States
                              Member #10797
                              January 26, 2005
                              85 Posts
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                              Posted: October 19, 2005, 12:21 am - IP Logged

                              If there is no winner for the powerball lotto what will be the grand prize?

                               

                              Let us see what the media barks!!!!!!!!