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$310 MILLION: Powerball lottery jackpot in rare territory

Topic closed. 165 replies. Last post 5 years ago by Todd.

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Fantasy Land
United States
Member #7297
September 29, 2004
80 Posts
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Posted: February 9, 2012, 5:02 pm - IP Logged

Babel, where did you look to find the cash values for those draws? Some of your numbers are different than mine. I got my numbers from the news stories that were published at the time of the draw.

Thanks.

Oh here and there. Some from google searches looking for the press releases when winners are announced. For the last 7ish years you can get alot of the info from Todd's other site USA Mega (for example Mega Millions drawing detail history is http://www.usamega.com/mega-millions-history.asp). Powerball's official site has the cash option down to the penny in their winner's stories section. When you look at the final sum it's often off by as much as a few million from what is advertised pre-drawing since that is an estimate based on what they think sales will be. For example the June 29, 2011 drawing was advertised at 76M annuity/40.2M cash but after all the sales were tabulated the jackpot was 77.1M annuity/40.8M cash (which so far nobody has claimed).

    maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
    Massachusetts
    United States
    Member #37433
    April 14, 2006
    2747 Posts
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    Posted: February 9, 2012, 5:34 pm - IP Logged

    So is his statement that the cash value of the current PB the sixth highest cash value correct?  And is there some place that does list that kind of information?  Sorry, but until the past week I hadn't been around much for a couple of years, and I've not been familiar with what's been going on either on Lottery Post or in the lotteries in general.

    I see you joined LP the same year as I did. Welcome back. Maybe you brought back the good luck that I have been waiting for. 

    I have a confession, I haven't spent a dime on PB since 2012 started. I think I'll spend $2 and see how it goes. I was inspired by those people who hit the JP and on the press conference say they only play once in a while. It used to get me really heated so I decided to join them.

    That money's gone fo ever

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      NH
      United States
      Member #83352
      December 5, 2009
      223 Posts
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      Posted: February 9, 2012, 5:51 pm - IP Logged

      Wow did this Jackpot grow fast. I'm guessing that Powerball going to $2 is going to see a lot of Jackpots well over 150 million as the norm...I'm also guessing it won't be long until Mega millions follows suit.

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
        United States
        Member #73904
        April 28, 2009
        14903 Posts
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        Posted: February 9, 2012, 5:56 pm - IP Logged

        I caught the Powerball twice on 2 QP's for $24.

        Gonna let it ride.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

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          United States
          Member #122691
          February 6, 2012
          330 Posts
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          Posted: February 9, 2012, 6:07 pm - IP Logged

          Wow did this Jackpot grow fast. I'm guessing that Powerball going to $2 is going to see a lot of Jackpots well over 150 million as the norm...I'm also guessing it won't be long until Mega millions follows suit.

          Yeah the way this is going MegaMillions is definitely going to go to $2 also.

            weshar75's avatar - Lottery-042.jpg
            Mcminnville, Oregon
            United States
            Member #3013
            December 13, 2003
            3052 Posts
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            Posted: February 9, 2012, 6:18 pm - IP Logged

            No need for any one here at lottery post to purchase a ticket because I bought the winner today here in Mcminnville, Oregon at the Big Apple store.  I am going to put them on the map the lottery map that is!  Oregon winner here I come!  Yes!  Wooo hooo!-weshar75

              Uff Da!'s avatar - InCelebration 001.jpg
              Washington State
              United States
              Member #33973
              February 26, 2006
              347 Posts
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              Posted: February 9, 2012, 6:20 pm - IP Logged

              I see you joined LP the same year as I did. Welcome back. Maybe you brought back the good luck that I have been waiting for. 

              I have a confession, I haven't spent a dime on PB since 2012 started. I think I'll spend $2 and see how it goes. I was inspired by those people who hit the JP and on the press conference say they only play once in a while. It used to get me really heated so I decided to join them.

              Thanks for the welcome.  With PB at this level, I finally decided to fork out a few bucks myself.  As Rdgrnr would say, I'm normally too cheap Wink to buy tickets since the price went up to $2, but with a jackpot like that, heck, one could support a whole clan!  I'm an old-timer and wouldn't really have that much use for it in my own lifetime, so I've started playing mostly games with lower jackpots and far better odds.  But the thought of leaving an estate of that size to the next two generations and to local charities has a definite appeal.  Yeah, a trust with annual income going to the relatives (so those who can't manage money can't blow it all at once) and the remainder upon their deaths to charity - that sounds mighty good.  Estate taxes would be high, of course.

                sandia's avatar - disney24
                TEXAS
                United States
                Member #107766
                March 13, 2011
                196 Posts
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                Posted: February 9, 2012, 6:22 pm - IP Logged

                Yeah the way this is going MegaMillions is definitely going to go to $2 also.

                I guess, the executives and players (lol) made good on their promise. A drastic increase in the jackpot size DID occur. Now, should we reach the $400 million territory (assuming we have a rollover), even the non-believers will be enticed ergo, lots of sales that will push the jackpot margin much, much higher.

                  I am watching for now, I decided to stay away from the game for a bit but should any of the LP members win, I sincerely wish you the best of luck. P.S., seek legal counsel and establlish  a trust, it is getting scarier more than ever to have ANY kind of wealth.

                  dpoly1's avatar - driver
                  PA
                  United States
                  Member #66141
                  October 16, 2008
                  1672 Posts
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                  Posted: February 9, 2012, 6:27 pm - IP Logged

                  Mario38 - Thank you for your condescending hatred of Conservatives. History tells us that the Progressives of the 1920's were firm supporters of the Fascists. So much for superior "abstract reasoning!" Kindly stay up there in "Intellectual Paradise!"

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                    New Member
                    Bronx, New York
                    United States
                    Member #122882
                    February 9, 2012
                    1 Posts
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                    Posted: February 9, 2012, 6:35 pm - IP Logged

                    I'm gonna win this one it is my turn to shine. Put the haters to shame! Money come my way........woot woot.

                    I'm a new member but I kept on checking this site is really cool.Party

                      Guru101's avatar - rw6jhh
                      Indiana
                      United States
                      Member #48725
                      January 7, 2007
                      1953 Posts
                      Offline
                      Posted: February 9, 2012, 7:13 pm - IP Logged

                      I imagine $300,000,000+ jackpots will become a lot more common considering the odds are now 1 in 350,447,020.

                      Gonna win.Big Smile

                        RJOh's avatar - chipmunk
                        mid-Ohio
                        United States
                        Member #9
                        March 24, 2001
                        19828 Posts
                        Offline
                        Posted: February 9, 2012, 7:34 pm - IP Logged

                        Yeah the way this is going MegaMillions is definitely going to go to $2 also.

                        I hope if they do, they also increase the lower tier payout amounts too. 

                        PowerBall only increased the payouts for matching the bonus ball  by $1 and left all the other payout amounts  the same as they were.   Matching 5+0 already paid $1M when the ticket cost $2 and the lower prizes were at least doubled too.  No wonder now there's more money for the jackpot.

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

                          dk1421's avatar - Lottery-024.jpg
                          North Carolina
                          United States
                          Member #64582
                          September 1, 2008
                          347 Posts
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                          Posted: February 9, 2012, 7:45 pm - IP Logged

                          I really hope MM does NOT go to $2. After all, they have 8 out of 10 in the top ten winning lotteries in the US.

                          I tried to buy my PB ticket today, but the lottery was "offline". Guess that was one way for me to avoid buying a losing ticket and wait for the best time to buy a winning one!!!

                          "Don't be a schmuck, always take the cash." -Coin Toss

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                            Ga
                            United States
                            Member #120454
                            December 20, 2011
                            141 Posts
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                            Posted: February 9, 2012, 7:45 pm - IP Logged

                            $113 million after taxes in Ga! I'm gonna keep buying tickets till I win or somebody else does. Then the waiting game begins agian. How much do yall spend each year? I know some play every week, a few who play when the mood hits them, and a bunch that wait till the jackpot gets big.

                              rdgrnr's avatar - walt
                              Way back up in them dadgum hills, son!
                              United States
                              Member #73904
                              April 28, 2009
                              14903 Posts
                              Offline
                              Posted: February 9, 2012, 8:03 pm - IP Logged

                              Mario38 - Thank you for your condescending hatred of Conservatives. History tells us that the Progressives of the 1920's were firm supporters of the Fascists. So much for superior "abstract reasoning!" Kindly stay up there in "Intellectual Paradise!"

                              LOL, he's a great business man, ain't he?

                              First he says he wishes all Christians would die and then he uses a fraudulent critique of Conservatives as being haters and racists as his signature. That oughta get people from a majority Conservative and Christian nation to send him money! Heh heh heh heh heh.

                              What a dope.


                                                                           
                                                   
                                                                       

                               

                               

                               

                               

                                                                                                                                 

                              "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                          --Edmund Burke

                               

                               

                                 
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