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Powerball lottery jackpot hits record $365 million

Topic closed. 49 replies. Last post 11 years ago by libra926.

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Ardmore, Oklahoma
United States
Member #22260
September 21, 2005
11 Posts
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Posted: February 18, 2006, 3:59 pm - IP Logged

Looks like oklahoma jumped on the PowerBall wagon just in time.

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    Coastal Georgia
    United States
    Member #2653
    October 30, 2003
    1866 Posts
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    Posted: February 18, 2006, 11:52 pm - IP Logged

    I'm ready to be the new record holder !!!!!!!!!!!!

    DD

    HAPPY FRIDAY "DD"....

    No Pity! and now, where have I heard that before..?????lololololololoolollolll

    hey look, I'll be nice to you, because I'm still waiting for your Acccount Number...lololoolloll

    And a very happy Friday to you Libra !!! 

    Hey, I might just shock you one of these days !!

    You know, the power of positive thinking.......

    I already gave you the account # , but just in case here it is again:

    *** *** *** ****

    Good luck!!!!

    DD 

     

    HAPPY  POWERBALL DAY.."DD".....2/18/2006

    IT MUST BE A GREAT DAY....No Snow(but you've never seen that before anyway)..No Rain, No Sleet, No Hurricanes or Typhoons....and minnie me is going down to the border of the Nations Capitol to purchase PB Tickets, today......that's right, I have no excuses today....the weather is good, cold, but good just the same....and I am using my personal number series for the.........

    ...BIG EVENT$$$$$$$$$$$36500000000, like a Sexy Man, I can't  resist this time. And, I am proud of my number series too. I really worked on it, NO "QP" for me, only originals....

    ohhhh.thanx again for the Account Number, but if I WIN BIG TONIGHT...I may not need it..LOLLO

    Hey Libra, whazzup ?????

    Well,

    I spent some time today on the border getting me some tickets.

    I also spent me some time getting in the mood with some of them scratchers (aka paper slot machines)... 

    It was a good day until I checked the PB tix.

    ARGHHHHH

    Well, maybe next time.

    DD

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      Morrison, IL
      United States
      Member #4657
      May 13, 2004
      1884 Posts
      Offline
      Posted: February 19, 2006, 1:04 am - IP Logged

      Looks like oklahoma jumped on the PowerBall wagon just in time.

      Yeah I bet Powerball sales in that state will be strong for a while.

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        Sparta, NJ
        United States
        Member #18331
        July 9, 2005
        1977 Posts
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        Posted: February 19, 2006, 7:07 am - IP Logged

        Nebraska?  Only one ticket was better then 4+, and that was a winner; not a single 5+0.  PA had 8 tickets with 5+0 and no tickets with 5+1.  Makes ya wonder.  Oh well, may they spend it in a manner that brings them joy.

        Cheers

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

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

          Avatar
          Sparta, NJ
          United States
          Member #18331
          July 9, 2005
          1977 Posts
          Offline
          Posted: February 19, 2006, 7:09 am - IP Logged

          Looks like oklahoma jumped on the PowerBall wagon just in time.

          Yeah I bet Powerball sales in that state will be strong for a while.

          This morning, I bet they wish they had gone with MM - then they would still have a chance at a big one. 

          Cheers

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

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

            Avatar
            Roslindale, MA
            United States
            Member #5377
            July 1, 2004
            135 Posts
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            Posted: February 19, 2006, 8:07 am - IP Logged

            FYI according to Nebraska's web site they have 60 days to decide between lump sum (DING! DING! DING!) or annuity (BUZZZZZZZZZZZ!!!).

            Congratulations to the winner, and please - do not want to be like Jack....Party

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              Sparta, NJ
              United States
              Member #18331
              July 9, 2005
              1977 Posts
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              Posted: February 19, 2006, 8:34 am - IP Logged

              FYI according to Nebraska's web site they have 60 days to decide between lump sum (DING! DING! DING!) or annuity (BUZZZZZZZZZZZ!!!).

              Congratulations to the winner, and please - do not want to be like Jack....Party

              I think that option is a Powerball rule.  That is why there is not an option on the ticket; like MeagaMillion does.  In MM you have to choose upfront - immediately.  PB lets you think about it; if you need to think about it. 

              Personanlly, I would not let it sit in some states hands for 60 days while I had to decide.  You can bet your bippy the state holding the money is making maximum interest on that money - while you twiddle your thumbs and play switch.  Another reason they like it (recommend!) when you take your time.  That is 60-days of lost interest that you can never get back.  If you need 60-days to decide something, you must be one heck of a driver.  Four hours to decide whether to change lanes or not? Whew!  Decisions are ruff!

              Cheers

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

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

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19825 Posts
                Offline
                Posted: February 19, 2006, 8:48 am - IP Logged

                In Ohio there is no option on the MegaMillions playslips because a winner can choose either cash or annuity the first 60 days, there after it's annuity only.

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

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                  Sparta, NJ
                  United States
                  Member #18331
                  July 9, 2005
                  1977 Posts
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                  Posted: February 19, 2006, 9:15 am - IP Logged

                  In Ohio there is no option on the MegaMillions playslips because a winner can choose either cash or annuity the first 60 days, there after it's annuity only.

                  In NJ the QP is all or nothing, in NY you can QP both, or just the 5 or just the 1.  In both you have to choose cash or annuity up front.  Now you say Ohio has a delayed option; probably other states do also.  You'd think the same game would have the same rules!  It looks like they let the states do whatever they want, as long as the leaders get their cut of the gambled money.  Sounds like something out of Hollywood. 

                  Then again, I don't care, just give me the cash and do it Tuesday night.  I have an appointment at the Bank of America, for a huge loan, for Wednesday afternoon.

                  Cheers

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

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

                    fxdwg's avatar - animal bear.jpg

                    United States
                    Member #2870
                    November 25, 2003
                    76 Posts
                    Offline
                    Posted: February 19, 2006, 4:18 pm - IP Logged

                    Well Congratulations to the big winner and also those 3 with power-play that are going to have a very good pay day add the bonus prize and it must be around 1 million or more

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                      boston
                      United States
                      Member #5586
                      July 12, 2004
                      130 Posts
                      Offline
                      Posted: February 19, 2006, 8:25 pm - IP Logged

                      wish i had won but didnt happen. Congrats to the winner

                       

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                        NY
                        United States
                        Member #23835
                        October 16, 2005
                        3474 Posts
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                        Posted: February 20, 2006, 12:19 am - IP Logged

                        FYI according to Nebraska's web site they have 60 days to decide between lump sum (DING! DING! DING!) or annuity (BUZZZZZZZZZZZ!!!).

                        Congratulations to the winner, and please - do not want to be like Jack....Party

                        I think that option is a Powerball rule.  That is why there is not an option on the ticket; like MeagaMillion does.  In MM you have to choose upfront - immediately.  PB lets you think about it; if you need to think about it. 

                        Personanlly, I would not let it sit in some states hands for 60 days while I had to decide.  You can bet your bippy the state holding the money is making maximum interest on that money - while you twiddle your thumbs and play switch.  Another reason they like it (recommend!) when you take your time.  That is 60-days of lost interest that you can never get back.  If you need 60-days to decide something, you must be one heck of a driver.  Four hours to decide whether to change lanes or not? Whew!  Decisions are ruff!

                        If the state's intent was just to have time to earn interest the 60 day limit would be pretty stupid. Of course if the state can't earn interest on it while they still have it, that would also be stupid.

                        As far as how long it takes to get your act together before claiming the money, I'd figure that anybody who does it in much less than 60 days (which seems to be most winners)is probably both very efficient and very busy or they haven't actually made good plans. For starters I just can't pack up and move in less than a few weeks, and the only part of moving that wouldn't be done before letting the lottery announce my name and town to the press is filing all of my change of address forms to a post office box. If I had just won enough to make a major change in my life, including immediate retirement, I wouldn't want the immediate planning to consume all of my time, and there's no way I'm going to make the major investment decisions in a few weeks. The world is full of people who have lost millions on bad investments, and jumping in too fast is an excellent way to end up with less than if you skipped a few weeks interest and made better decisions. Besides, one of the privleges of being rich is being able to squander a lot of money just to make your life a little more comfortable. If you've just won several million dollars aor more you can easily afford to give up 1% in lost interest to relax and take your time about planning your new life of leisure. I seriously doubt that the loan officer at your local Bank of America is stupid enough to loan you much based on what appears to be an unverifed lottery ticket, but you'll be in a good position to take a big chunk of your life savings or max out your credit cards for a month or two if you want to indulge yourself right away.

                        After winning only one week before the end of the year Jack Whittaker made his claim fast enough that West Virginia was able to give him a check for 10 million before 12/31, so the taxes on it wer due the following April. It would only affect the taxes that weren't withheld (probably about a million dollars), but waiting only a few days would have let him keep, and earn interest on, that money for an extra year. Based on articles I've seen in which some (alledged) tax or financial advisor is quoted about lost interest while waiting to claim a prize, most of the advisors that reporters can find are stupid enough to make the same mistake. OTOH, we just had a recent winner who was smart enough to wait until after January 1st to make his claim.

                        Whether it's numerous claims by certain posters that cash is the only option for everybody, regardless of their financial situation, or a belief that losing a few weeks of interest is the most important consideration in claiming a big prize, a cookie cutter approach is the worst tool you can use for making decisions about any sudden windfall.



                        In a different topic about the current large jackpots somebody suggested that powerplay was a bad choice when the 5+0 bonus comes into play. I think it's always a bad idea, but this draw is an excellent example of why it might be a really poor decision. With 42 winners and 42 powerballs to choose from, probability says that if all of those winners had bought a second ticket with the same 5 numbers and a different powerball instead of using powerplay, one of them would have shared the jackpot and multiplied their winnings by about 133 instead of 3.33. Even without the powerball, the rest would still have done a little better. If the powerplay had only been 2 or 3 they'd have done a lot better.


                          Avatar
                          Sparta, NJ
                          United States
                          Member #18331
                          July 9, 2005
                          1977 Posts
                          Offline
                          Posted: February 20, 2006, 9:50 am - IP Logged

                          Jack Whittaker, Jack Whittaker, Jack Whittaker, Jack Whittaker! Can't you do better then that?  He was the ten percent exception to all rules.  However, his claiming the money immediately had nothing to do with me or any one else before him or since him.  There is nothing in the rule book of life that says if you wait ten months, you will make perfect decisions, or if you wait one day, you will make imperfect decisions. What I do know, is that you don't make one decision about how to invest millions of dollars and walk away.  It happens over and over and over.  Waiting doesn't impact that process one ioata.  You can't spend or make money on money you don't have.  You see phony tickets floating around all the time.  How many accountants are going to go out of their lifestyle to assist you when you have no money to pay them?  Do you really think you will be able to hire the best people based on a maxed out credit card?  You're making the process way to complicated.  Get the money, have the money.

                          You like to reference the people who were unable to handle wealth.  How about the over-whelming majority that do know how to handle wealth?  People win lottery's by the hundreds, every month. Find one besides Jack Whittaker to be your banner carrier.  Two years ago, some one from New Jersey hit the Powerball in Pennsylvania.  They claimed the money the next day.  You never hear about them. They didn't make the press, because they were not interesting.  The press likes failures.  Doom and gloom sells papers and attracts viewers.

                          You assume I am doomed to failure, and by reference, you are also doomed to failure unless you get advise over, and over, and over, and over, for months.  I don't have to have some one tell me fifty times what their opinions are, then go away for a few days, and have them come back and tell me again, and again, and again, and again.  I've sat in multi-million dollar budget meetings for the last ten years, the department I run has a multi-million dollars budget.  People just talk, and talk, and talk. They all want to get the glory and protect their rears.  Then I make a decision that makes some happy and some not so happy.  The great thing about lots of money, is that you can make a decision today, and change your mind tomorrow.  Dozens of people will scramble to accomodate your new desires.

                          Personally, I  have been able to make instantanuous decisions all my life and to control my life extremely well.  In sixteen months, I will have three retirement plans paying me a minimum of seven thousand dollars each month.  I am already receiving two of those payments.  I have no debts - NO CREDIT CARDS - I own two houses outright - paid off years ago.  I have high six figures in two 401Ks; plus investments in bonds.   My daughter is grown and making better than average income; more than comfortable.  I raised her to analyze options, rationalize pro's and cons, and make decisions; PRE-PLAN!  I know what I am doing.  I am not some kid spoiled by his mommie.  I know what financial responsibility is all about.  I don't need three miles of highway to change lanes.  I definetely don't need to use credit cards to get a loan.  Credit cards are for people who have zero will power; they are shiney lure in muddy water.  I have one card, a debit card. Zero Interest, zero payments.  That is how I have managed to save money. Maybe I was lucky, I grew up before there were credit cards, and realized I lived without them and can continue to live without them.

                          My local BOA loan officer?  Don't know him/her, couldn't care less who he/she is.  He/she is no one, chump change, a peon.  Go to the main office in NYC; less then an hours drive.  Deal with the vice president in charge of financials.  Make a deal about who will handle the millions I just won.  They will be slobbering from their cheeks.  When I win the lottery, I won't be dealing with wannabe's, I will deal with the executives.  That is what money is all about.  BOA won't give me a loan?  Then go some where else.   A validated ticket, a confirmation call/letter from the lottery director, and end of story.  My picture will have been plastered around the world, in every major newspaper, on every major television screen; hell I might even make Newsweek. They WILL know who I am!  I will not be mistaken for a slug wanting freebees.  What would be the purpose of a news conference, if not to benefit and enhance your position?  To be a nice guy and make lovey duvey, gushy, statements about how great the world is and how I will contribute to world peace?  Hehehehe!  Never gonna happen.  Do the conference, walk away and use it to your advantage.  Unless you're afraid of the boggy man.

                          I can move in ten minutes - I don't need weeks - just get up and go. Grab the dog, my specially tined guns, and jump in the limo -  no magic involved.  Already pre-planned, have telephone numbers and contact names for the get-away. Ninety percent of what is in my house can be trashed; all I need are a few momento's.  I can have a realtor come around in a few months, throw everything away, remodel it, and place it up for sale.  Call the daughter, tell her to grab the kids and take a vacation in Aruba for a couple of weeks. I have a friend who owns a house on the island, used to be my neighbor, and has already stated I can hide out there - he'll even let me use his cell phone.  PRE-PLANNING!  I will be rich, I don''t have to be bothered with piddly things.  My life will be in Switzerland, I won't need the beat up couch or worn out mattress, or the gas stove.  The computer?  Replace it with a model that will fork in foreign countries.  The television?  Trash it for a view of the Alps!

                          Taxes?  Who cares.  You are rich.  You are not some smuck from East Orange, New Jersey, trying to get out of credit card debt, you are a multi-millionaire.  Pay the damn taxes, you have the money!  Whether you pay in 2005, 2006, or 2007 is meaningless.  Ever heard of a revised tax submission?  Ever heard of an extensioin?  Pay the taxes and get out of the country.  Off shore will be my back yard.  I can visit Didney World whenever I want!

                          Cheers

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

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


                            United States
                            Member #379
                            June 5, 2002
                            11296 Posts
                            Offline
                            Posted: February 20, 2006, 12:18 pm - IP Logged

                            FYI according to Nebraska's web site they have 60 days to decide between lump sum (DING! DING! DING!) or annuity (BUZZZZZZZZZZZ!!!).

                            Congratulations to the winner, and please - do not want to be like Jack....Party

                            I think that option is a Powerball rule.  That is why there is not an option on the ticket; like MeagaMillion does.  In MM you have to choose upfront - immediately.  PB lets you think about it; if you need to think about it. 

                            Personanlly, I would not let it sit in some states hands for 60 days while I had to decide.  You can bet your bippy the state holding the money is making maximum interest on that money - while you twiddle your thumbs and play switch.  Another reason they like it (recommend!) when you take your time.  That is 60-days of lost interest that you can never get back.  If you need 60-days to decide something, you must be one heck of a driver.  Four hours to decide whether to change lanes or not? Whew!  Decisions are ruff!

                            If the state's intent was just to have time to earn interest the 60 day limit would be pretty stupid. Of course if the state can't earn interest on it while they still have it, that would also be stupid.

                            As far as how long it takes to get your act together before claiming the money, I'd figure that anybody who does it in much less than 60 days (which seems to be most winners)is probably both very efficient and very busy or they haven't actually made good plans. For starters I just can't pack up and move in less than a few weeks, and the only part of moving that wouldn't be done before letting the lottery announce my name and town to the press is filing all of my change of address forms to a post office box. If I had just won enough to make a major change in my life, including immediate retirement, I wouldn't want the immediate planning to consume all of my time, and there's no way I'm going to make the major investment decisions in a few weeks. The world is full of people who have lost millions on bad investments, and jumping in too fast is an excellent way to end up with less than if you skipped a few weeks interest and made better decisions. Besides, one of the privleges of being rich is being able to squander a lot of money just to make your life a little more comfortable. If you've just won several million dollars aor more you can easily afford to give up 1% in lost interest to relax and take your time about planning your new life of leisure. I seriously doubt that the loan officer at your local Bank of America is stupid enough to loan you much based on what appears to be an unverifed lottery ticket, but you'll be in a good position to take a big chunk of your life savings or max out your credit cards for a month or two if you want to indulge yourself right away.

                            After winning only one week before the end of the year Jack Whittaker made his claim fast enough that West Virginia was able to give him a check for 10 million before 12/31, so the taxes on it wer due the following April. It would only affect the taxes that weren't withheld (probably about a million dollars), but waiting only a few days would have let him keep, and earn interest on, that money for an extra year. Based on articles I've seen in which some (alledged) tax or financial advisor is quoted about lost interest while waiting to claim a prize, most of the advisors that reporters can find are stupid enough to make the same mistake. OTOH, we just had a recent winner who was smart enough to wait until after January 1st to make his claim.

                            Whether it's numerous claims by certain posters that cash is the only option for everybody, regardless of their financial situation, or a belief that losing a few weeks of interest is the most important consideration in claiming a big prize, a cookie cutter approach is the worst tool you can use for making decisions about any sudden windfall.



                            In a different topic about the current large jackpots somebody suggested that powerplay was a bad choice when the 5+0 bonus comes into play. I think it's always a bad idea, but this draw is an excellent example of why it might be a really poor decision. With 42 winners and 42 powerballs to choose from, probability says that if all of those winners had bought a second ticket with the same 5 numbers and a different powerball instead of using powerplay, one of them would have shared the jackpot and multiplied their winnings by about 133 instead of 3.33. Even without the powerball, the rest would still have done a little better. If the powerplay had only been 2 or 3 they'd have done a lot better.


                            Only NY and Texas require the cash/annuity choice to be made when you play on its games. California required the choice to be made when playing Super Lotto Plus until last year.

                              Avatar
                              Sparta, NJ
                              United States
                              Member #18331
                              July 9, 2005
                              1977 Posts
                              Offline
                              Posted: February 20, 2006, 12:41 pm - IP Logged

                              Only NY and Texas require the cash/annuity choice to be made when you play on its games.

                              Try across the creek - NJ requires a choice up front also. MM & Pick 6.

                              Cheers

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

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