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Mega Millions, Powerball lottery ticket cross-sales begins today

Topic closed. 60 replies. Last post 7 years ago by Guru101.

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United States
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February 2, 2010
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Posted: February 2, 2010, 5:38 pm - IP Logged

Powerball's jackpot has been updated to $115,000,000! I told you! Hahahaha! Thanks for your dollar everyone! I'm gonna win! Yeehaw!Dance

I knew this was gonna happened. Officials said it would bring more money into the states, when really it will be a trade off between who has the higher jackpot. I don't foresee a vast improvement in lottery sales, just accelerated jackpot rates as one surpasses the other.

    Guru101's avatar - rw6jhh
    Indiana
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    January 7, 2007
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    Posted: February 2, 2010, 6:01 pm - IP Logged

    I knew this was gonna happened. Officials said it would bring more money into the states, when really it will be a trade off between who has the higher jackpot. I don't foresee a vast improvement in lottery sales, just accelerated jackpot rates as one surpasses the other.

    Don't forget. Everybody still has 1 more day to make my jackpot even bigger! LOLHyper

    Gonna win.Big Smile

      LottoPools's avatar - bee
      Houston, TX
      United States
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      April 29, 2004
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      Posted: February 2, 2010, 6:13 pm - IP Logged

      Bought my first TX PB tickets while at lunch today.  But I bought my MM and Lotto TX tix too.  I will be changing it up for my pools tho and buying whichever jackpost is highest at the time.

      ________________________

      Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.

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        February 2, 2010
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        Posted: February 2, 2010, 6:27 pm - IP Logged

        You obviously have a strong opinion.  You are not correct about always paying the top rate on anything over $500,000.  Flat wrong.  Maybe YOU would, but not everyone.

        Annuities are not worthless.  That is your opinion.  As Chuck Strutt has said before, you MIGHT be able to get the kind of return that Powerball can give in you in their annuity, but probably not.

        Chuck Strutt is wrong. Averaging a net-of-tax rate of return of 4.65%, which is far less than a 30y, even 20y AAA Muni bonds after taxes, I would break even with the 30 year payment schedule that the Powerball lays out. At 5%, I would be $7 million better in the end.

        I always urge people to do their own research over trusting others. That's why Elisabeth Hasselbeck constantly fails.

          Guru101's avatar - rw6jhh
          Indiana
          United States
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          January 7, 2007
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          Posted: February 2, 2010, 6:59 pm - IP Logged

          Bought my first TX PB tickets while at lunch today.  But I bought my MM and Lotto TX tix too.  I will be changing it up for my pools tho and buying whichever jackpost is highest at the time.

          How many people are in your pool?

          Gonna win.Big Smile

            Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
            Little Rock, AR
            United States
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            December 19, 2008
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            Posted: February 2, 2010, 8:36 pm - IP Logged

            Just got my MM ticket. Mega Millions should go up a lot faster with all of the other states playing too.

              rollsroyceron's avatar - Goolag
              New Member
              Missouri City, YX
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              August 23, 2009
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              Posted: February 2, 2010, 9:12 pm - IP Logged

              Ohh, yeahhhh!  Now I don't have to drive or take a casino bus to Louisiana everytime the jackpot gets ova $100 - 200 million! And just the other day, somebody in (of all places) Katy, Texas won the Mega Millions, like the 2nd time anyone from Texas ever hit the jackpot!  I'll be playing the bigger of the two each week, you betta' believe it. 

              On a more somber note, too bad what happened to Shakespeare, that was a real Othello moment.  Someone (we know who) is gonna' be put under the jail.  God rest his soul.

              Rolls Royce Ron

                Guru101's avatar - rw6jhh
                Indiana
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                January 7, 2007
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                Posted: February 2, 2010, 11:57 pm - IP Logged

                Well I didn't hit anything on the Mega Millions, but no worries because I'm gonna win Powerball tommorrow night! Yippeeeee!!!

                Banana

                Gonna win.Big Smile

                  Guru101's avatar - rw6jhh
                  Indiana
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                  January 7, 2007
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                  Posted: February 3, 2010, 3:37 am - IP Logged

                  Holy COW! Mega Millions went up to $20M. It usually goes up to $16-18M. Looks like the jumps will be bigger in the event that the jackpot rolls. This is awesome!Big Grin

                  Gonna win.Big Smile

                    sirbrad's avatar - Lottery-062.jpg
                    PA
                    United States
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                    October 6, 2005
                    2228 Posts
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                    Posted: February 3, 2010, 3:39 am - IP Logged

                    Nice, I just had my first losing ticket for Mega Millions. Will be a good change of pace from all of those losing Powerball tickets.

                      sirbrad's avatar - Lottery-062.jpg
                      PA
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                      October 6, 2005
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                      Posted: February 3, 2010, 3:41 am - IP Logged

                      I have a strange, well for me it is, question.  Since Washington has just started allowing Powerball which has been only available in Oregon, how will the states be able to tell where there tickets were purchased?  Oregon has 8% tax while Washington has no tax.  I see a lot of folks rushing off to Washington who normally buy in Oregon to try and bypass the taxes.  Does anyone have opinion/insight about this?

                      My ticket says PA Lottery on the back.

                        Perfecttiming2's avatar - redcross

                        United States
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                        October 11, 2008
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                        Posted: February 3, 2010, 9:46 am - IP Logged

                        Holy COW! Mega Millions went up to $20M. It usually goes up to $16-18M. Looks like the jumps will be bigger in the event that the jackpot rolls. This is awesome!Big Grin

                        I actually thought it would be a little higher...........

                        Anywho,

                        I think someone on here said the dollars will follow the highest jackpot.....that seems to be how this PB MM combo will flow....

                        If no one hits MM on Friday it will be interesting to see how much more it will jump.

                          Guru101's avatar - rw6jhh
                          Indiana
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                          January 7, 2007
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                          Posted: February 3, 2010, 3:38 pm - IP Logged

                          I actually thought it would be a little higher...........

                          Anywho,

                          I think someone on here said the dollars will follow the highest jackpot.....that seems to be how this PB MM combo will flow....

                          If no one hits MM on Friday it will be interesting to see how much more it will jump.

                          The jackpot is estimated, so they're probably just trying to be conservative.

                          Gonna win.Big Smile

                            Guru101's avatar - rw6jhh
                            Indiana
                            United States
                            Member #48725
                            January 7, 2007
                            1958 Posts
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                            Posted: February 4, 2010, 2:26 am - IP Logged

                            Looks like I'm gonna end up with more than $115,000,000 because it rolled to $140,000,000! An extra $25,000,000?! I'll take it! Thanks everybody!Big Grin

                            Gonna win.Big Smile

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                              November 15, 2008
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                              Posted: February 6, 2010, 1:09 am - IP Logged

                              I only spend one dollar per play also with powerball. I do not buy the powerplay.  Since I don't have to drive over to South Carolina now for Lottery I guess I'll just go shopping there or to the festivals at my liesure.  It was just over the bridge anyway.