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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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NY
United States
Member #23835
October 16, 2005
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Posted: October 19, 2005, 2:08 pm - IP Logged

This headline just in: 

Foot shortened to 6 inches. Handicapped child sets new mile record! 

Anybody think Guinness or the governing body for official running records would be removing the name of the current record holder? Anybody can claim to set a record, but it's all unsubstantiated hype until it's been verified by an objective party, and compared fairly to any previously accepted record.
 

 

Todd wrote:

>> Frankly, I could care less about whether it's a record or not, but when I >> put  on my reporter's hat I quote the facts, and the fact is that the cash >> value does not determine the record

 
How do they determine what the annuity will be? It's based on the cash that's available to buy it. That's an inescapable fact, and it means that the cash does determine the record, even if the yardstick they promote is the annuity that can be bought with the available cash. They simply don't have anything to promote without that cash. If you're going to report the facts it's only fair to inform your audience that the claimed record is based on a mile that's shorter than the old one.

At least Powerball and Megamillions make the cash amount known to those who go looking for the information, so anybody with a lick of sense can make their decision on what tickets to buy with that knowledge. I just find it intellectually dishonest that people claim that a $340  million dollar annuity is a record when a previous jackpot can put more money in somebody's pocket than the current jackpot can.
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    Greenwich, CT
    United States
    Member #4793
    May 24, 2004
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    Posted: October 19, 2005, 2:19 pm - IP Logged

    May this thread continue for as long as Powerball jackpot hopefuls are lined up outside our nation's convenience stores!  Cheers

      four4me's avatar - gate1
      MD
      United States
      Member #1701
      June 18, 2003
      8360 Posts
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      Posted: October 19, 2005, 2:29 pm - IP Logged

      no this is the longest runing active thread besides sign the petition.

       

      http://www.lotterypost.com/thread/121269/464267

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        New Mexico
        United States
        Member #12305
        March 10, 2005
        2984 Posts
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        Posted: October 19, 2005, 2:37 pm - IP Logged

        no this is the longest runing active thread besides sign the petition.

         

        http://www.lotterypost.com/thread/121269/464267

        This one's a fun thread, however.  Even if it doesn't hold the record for being the largest. 

        Maybe this one's a cash value thread, while the one you link to is annuity.

        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

         

          Todd's avatar - Cylon 2.gif
          Chief Bottle Washer
          New Jersey
          United States
          Member #1
          May 31, 2000
          23260 Posts
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          Posted: October 19, 2005, 2:53 pm - IP Logged

          This headline just in: 

          Foot shortened to 6 inches. Handicapped child sets new mile record! 

          Anybody think Guinness or the governing body for official running records would be removing the name of the current record holder? Anybody can claim to set a record, but it's all unsubstantiated hype until it's been verified by an objective party, and compared fairly to any previously accepted record.
           

           

          Todd wrote:

          >> Frankly, I could care less about whether it's a record or not, but when I >> put  on my reporter's hat I quote the facts, and the fact is that the cash >> value does not determine the record


          How do they determine what the annuity will be? It's based on the cash that's available to buy it. That's an inescapable fact, and it means that the cash does determine the record, even if the yardstick they promote is the annuity that can be bought with the available cash. They simply don't have anything to promote without that cash. If you're going to report the facts it's only fair to inform your audience that the claimed record is based on a mile that's shorter than the old one.

          At least Powerball and Megamillions make the cash amount known to those who go looking for the information, so anybody with a lick of sense can make their decision on what tickets to buy with that knowledge. I just find it intellectually dishonest that people claim that a $340  million dollar annuity is a record when a previous jackpot can put more money in somebody's pocket than the current jackpot can.

          You have a knack for changing the subject when you're wrong.  We were talking about whether the record was based on the annuity or the cash value.

          Check the Powerball web site, FAQ page.  The first question:

          WHAT IS THE CURRENT RECORD JACKPOT?

          $340 Million, announced for the drawing on Wednesday, October 19, 2005.

          Game, Set, and Match.  See 'ya, my friend!

           

          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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            Sparta, NJ
            United States
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            July 9, 2005
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            Posted: October 19, 2005, 2:54 pm - IP Logged

            Jack wrote:

            Easy enough to accomplish.  States ought to be paying their lottery director salaries based on an annuity.  Yeah, the guy only makes ten grand a year this year.  But fifty years from now he'll be in tall cotton. 

            Ya gotta wonder how many people actually understand that term. Having spent time in Tenn, Oklahoma and Texas, it brings fond memories. For a blue-blood from New York, it would mean nothing.

            Cheers

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

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

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              New Member

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              October 19, 2005
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              Posted: October 19, 2005, 7:31 pm - IP Logged

              How is it that the jackpot jumped from 240 to 300 after the drawing before last....and then only up to 340M from 300?  It would only seem like the jump would have been at least as big as the previous one.  What are the powerball folks hiding?  Can't tell me that it is still only 340M.....Read the book...THE FAIR TAX!!!!....just think...no IRS, no income tax....any jackpot is ALL YOURS to keep.....

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                Sparta, NJ
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                Posted: October 19, 2005, 7:36 pm - IP Logged

                ABC News, echod by FOX, CBS, and NBC, stated today that $340M is the highest ever. That should end the discussion.

                Cheers

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

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

                  fxdwg's avatar - animal bear.jpg

                  United States
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                  November 25, 2003
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                  Posted: October 19, 2005, 8:38 pm - IP Logged

                  Oh boy I am not even sure  I want to open this can of worms..... but is the bonus prize pool paid out in a lump sum or ??

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                    Whitwell, TN
                    United States
                    Member #5461
                    July 5, 2004
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                    Posted: October 19, 2005, 8:39 pm - IP Logged

                    Hey just wanted to let you know we only have 2 hours to go before someone's life from the Lottery Post changes forever(maybe mine).

                     

                    good luck to all of you.

                     

                    as always I'm Destinedtowin.

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                      Coastal Georgia
                      United States
                      Member #2653
                      October 30, 2003
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                      Posted: October 19, 2005, 9:09 pm - IP Logged

                      Betcha it will be someone that heard about it and bought a quik pick and will not even know they won for a week or so.....

                      All us LP members will know immediately after the draw. If not , bright and early tomorrow morning .

                       

                      DD

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                        New Mexico
                        United States
                        Member #12305
                        March 10, 2005
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                        Posted: October 19, 2005, 9:21 pm - IP Logged

                        Oh boy I am not even sure  I want to open this can of worms..... but is the bonus prize pool paid out in a lump sum or ??

                        Heeeheeeheee.

                        Gotto keep the thread going, right?

                        I've been intending to ask you whether fxdwg is short for fixed wing.  You a pilot?

                        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

                         

                          nitabug's avatar - animaniacs07
                          Madisonville Kentucky
                          United States
                          Member #3754
                          February 18, 2004
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                          Posted: October 19, 2005, 10:05 pm - IP Logged

                          While I was at work today the customers were talking about the PB  Some older woman was asking "Joe", one of our regular customers, how she could play!  He explained how to buy tickets.  She asked how many should she buy.  He said "Well I bought 50" she said "Ok, I will too, how much will that cost".  We all laughed.  When he told her she said "ah no, I only want to spend a dollar or two."  If that woman wins I will kick the crap out of "Ole Joe"!  When I waited on her she asked should she "purchase" more.  I said "oh no honey, you know that game is rigged".  Yes me the devil!  Good luck all!

                            fxdwg's avatar - animal bear.jpg

                            United States
                            Member #2870
                            November 25, 2003
                            76 Posts
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                            Posted: October 19, 2005, 10:11 pm - IP Logged

                            Oh boy I am not even sure  I want to open this can of worms..... but is the bonus prize pool paid out in a lump sum or ??

                            Heeeheeeheee.

                            Gotto keep the thread going, right?

                            I've been intending to ask you whether fxdwg is short for fixed wing.  You a pilot?

                            Jack

                            No Jack it is the letters of my Harley FX Dyna Wide Glide

                             Without boring you with long story lets just say I became one of those middle aged persons who was trying to recapture some of his long forgotten youth.

                             As for the thread I just wanted to know as I really sort of play to the second tier rather than the big prize both of which I am sure I will never see but still am sort of unclear of the bonus prize pool.........  I understand how it works just sort of fuzzy on how it is paid out.

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                              Coastal Georgia
                              United States
                              Member #2653
                              October 30, 2003
                              1866 Posts
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                              Posted: October 19, 2005, 10:14 pm - IP Logged

                              While I was at work today the customers were talking about the PB  Some older woman was asking "Joe", one of our regular customers, how she could play!  He explained how to buy tickets.  She asked how many should she buy.  He said "Well I bought 50" she said "Ok, I will too, how much will that cost".  We all laughed.  When he told her she said "ah no, I only want to spend a dollar or two."  If that woman wins I will kick the crap out of "Ole Joe"!  When I waited on her she asked should she "purchase" more.  I said "oh no honey, you know that game is rigged".  Yes me the devil!  Good luck all!

                              Told ya....

                               

                              That's who will win !

                               

                              I love the "how do you play and how much does it cost ?"

                               

                              DD