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Mega Millions lottery jackpot rises to $128 million

Topic closed. 23 replies. Last post 11 years ago by Chewie.

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New Member
chicago, il
United States
Member #23932
October 18, 2005
3 Posts
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Posted: October 25, 2005, 10:52 am - IP Logged

Embarassed

I'm buying my mega million ticket for tonight.

I hope I will win soon 2!!!!!!

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    Sparta, NJ
    United States
    Member #18331
    July 9, 2005
    1977 Posts
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    Posted: October 25, 2005, 11:03 am - IP Logged

    I think people know they don't have a very good chance at winning it, so they wait until it gets big enough  to make the gamble worthwhile. My dad works in NJ, so I'll see if he can get them Friday (he's off Tuesday). IMHO, Pick-6 Lotto is the better deal in NJ right now.

    Thats strange. You're in Pennsylvania and like New Jersey Pick 6. I'm in New Jersey and like Pennsylvania Match 6 better. Guess the grass is greener on the other side, and we always want what some one else has.

    I can't say I agree with you on that one.  I don't like Match 6 at all -- I much prefer NJ's lottery games.  To me, a good lottery game is when you take out all the gimmicks and stick with the basics.  IMHO, Pennsylvania desparately needs a regular lotto game.

    You're probably right. Since my exercise is based on dumb luck, I go with what I win with. I have made more on PA Match 6, then NJ Pick6, or NY Pick6. When NY or NJ returns more to me, I'll switch positions. Nothing like winning money to test a persons true beliefs.

    Cheers

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

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


      United States
      Member #379
      June 5, 2002
      11296 Posts
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      Posted: October 25, 2005, 11:08 am - IP Logged

      chewie:

      NJ Pick 6 pays back much better than NY Lotto. Plus you have to pay state tax on NY Lotto winnings-if you ever win anything in NY Lotto.

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        Sparta, NJ
        United States
        Member #18331
        July 9, 2005
        1977 Posts
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        Posted: October 25, 2005, 1:23 pm - IP Logged

        chewie:

        NJ Pick 6 pays back much better than NY Lotto. Plus you have to pay state tax on NY Lotto winnings-if you ever win anything in NY Lotto.

        Right now my tax debt on NY Pick 6 is zero. Let me win the NY Pick 6, and tax complaints will be made with a smile on my face. I will concede, however, that I have lost more on NY Pick 6 then I have on NJ Pick 6; but both have been a loss. Rough numbers are, I have lost a few hundred on each NJ & NY over the past 4-years, but have won over a thousand on Match 6 in one year.

        Cheers

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

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

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          United States
          Member #972
          December 30, 2002
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          Posted: October 25, 2005, 4:46 pm - IP Logged

          $128M annuity and $78M cash and no one in this group considers this a discussion item? This is a H-U-G-E amount of money. When does the interest start - $200M?

          To me, the lowest possible jackpot of $12 million is a huge amount, and whether it is $12 million or $128 million I can only say "I hope I win it". 

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            NY
            United States
            Member #23835
            October 16, 2005
            3502 Posts
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            Posted: October 25, 2005, 5:39 pm - IP Logged

            I know no one is lying, because I just checked out the cash option value at ohiolottery.com, but for this "small" of a JP, how can the cash option be that high??

            "Gee Chewie, maybe we all should camp out at Lottery Post like you so we can be the first to pounce on new news articles."

            ROFL

            You're looking at it backwards. The "jackpot" is based on the cash available to buy the annuity and the way the annuity is paid out, so the right question is why is the jackpot so small when they have that much cash. The answer is that the Megamillions annuity is paid in equal installments over a shorter period than Powerball (and current interest rates aren't very impressive). If you wanted to you could structure an annuity so that  each $1 up front returns $5 over the life of the annuity. In fact, that's one way of building a retirement fund if you start early and wait 25 or 30 years to start collecting. But what's the point of winning the lottery if you have to wait 20 years or more to get the money?

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              Sparta, NJ
              United States
              Member #18331
              July 9, 2005
              1977 Posts
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              Posted: October 25, 2005, 6:28 pm - IP Logged

              I want that great big cardboard check with $128,000,000.00 written on it.  Then I could glue, on it, the little biddy deposit slip with $57,000,000.00 written on it by the bank.  That would look so good over the fireplace. The quest shoud be achieved later this week.

              Cheers

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

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

                Todd's avatar - Cylon 2.gif
                Chief Bottle Washer
                New Jersey
                United States
                Member #1
                May 31, 2000
                23352 Posts
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                Posted: October 25, 2005, 7:11 pm - IP Logged

                I want that great big cardboard check with $128,000,000.00 written on it.  Then I could glue, on it, the little biddy deposit slip with $57,000,000.00 written on it by the bank.  That would look so good over the fireplace. The quest shoud be achieved later this week.

                Actually, you'll only be getting $28,500,000, because I'm going to share it with you. Big Grin

                 

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                  Sparta, NJ
                  United States
                  Member #18331
                  July 9, 2005
                  1977 Posts
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                  Posted: October 25, 2005, 9:24 pm - IP Logged

                  I want that great big cardboard check with $128,000,000.00 written on it.  Then I could glue, on it, the little biddy deposit slip with $57,000,000.00 written on it by the bank.  That would look so good over the fireplace. The quest shoud be achieved later this week.

                  Actually, you'll only be getting $28,500,000, because I'm going to share it with you. Big Grin

                  Half is more than enough for me. Call me and tell me where you hid your ticket. I'll save you a trip to Trenton. Promise!

                  Cheers

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

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