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$241 MILLION: Mega Millions lottery frenzy ramps up

Topic closed. 241 replies. Last post 5 years ago by faber98.

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RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19825 Posts
Offline
Posted: March 17, 2012, 5:54 pm - IP Logged

I agree that MegaMillions is the best bang for your buck.I look for Powerball to rethink their decision to double the price of a ticket.

Could be that since MUSL took charge of both games, they are no longer competitors but seeking different markets.  If the MM sales increased and sales amounts of PB stayed the same with the higher price and PB eventually have larger jackpots which will attract both markets then it's a win-win situation for MUSL.

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

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    new york
    United States
    Member #123017
    February 11, 2012
    124 Posts
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    Posted: March 17, 2012, 5:57 pm - IP Logged

    time for a little road trip to delaware to buy that winning ticket

      Bigheadnick's avatar - badluck
      Taunton, Ma
      United States
      Member #123005
      February 11, 2012
      136 Posts
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      Posted: March 17, 2012, 6:19 pm - IP Logged

      I think I'm gonna play about 20 qp's have my family each fill out a couple tickets then I'm gonna play my favs and try to play some high % numbers as well. I want this one bad. If I win, Everyone at LP gets a scratchie book on me Party

      Scratchies for the win!

      We are in a two-party dictatorship. You want change ? Vote third partyThumbs Up

        mightwin's avatar - questns

        United States
        Member #103786
        January 5, 2011
        486 Posts
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        Posted: March 17, 2012, 6:26 pm - IP Logged

        Could be that since MUSL took charge of both games, they are no longer competitors but seeking different markets.  If the MM sales increased and sales amounts of PB stayed the same with the higher price and PB eventually have larger jackpots which will attract both markets then it's a win-win situation for MUSL.

        When did MUSL take charge of mega?

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          baton rouge
          United States
          Member #10797
          January 26, 2005
          85 Posts
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          Posted: March 17, 2012, 6:28 pm - IP Logged

          We are dreamers inluding me too.

          We need good luck to be the winner.

           

          Wishing Good Luck to all of us

            maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
            Massachusetts
            United States
            Member #37433
            April 14, 2006
            2747 Posts
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            Posted: March 17, 2012, 6:41 pm - IP Logged

            Connecticut guys hit for the big one late last year, then the old lady from Rhode Island hit it last month.

            Next stop; Massachusetts.

            I'm waiting to see what happens.

            That money's gone fo ever

              Avatar
              Indiana
              United States
              Member #120718
              December 26, 2011
              47 Posts
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              Posted: March 17, 2012, 6:43 pm - IP Logged

              If I take the annuity option can I avoid state tax if I move out of the country for the rest of the payments?

                CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                TX
                United States
                Member #121193
                January 4, 2012
                1637 Posts
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                Posted: March 17, 2012, 6:46 pm - IP Logged

                If I take the annuity option can I avoid state tax if I move out of the country for the rest of the payments?

                That would be a resounding ,"NO"......gotta pay state taxes where you bought the ticket from unless that state has no state taxes

                Stay Positive, Believe and good things will come your way

                  mediabrat's avatar - 18z0typ
                  upstate NY
                  United States
                  Member #108791
                  March 31, 2011
                  549 Posts
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                  Posted: March 17, 2012, 6:50 pm - IP Logged

                  When did MUSL take charge of mega?

                  I think it's when they came to the agreement to let states sell both games.

                  Patriot

                    Avatar
                    Indiana
                    United States
                    Member #120718
                    December 26, 2011
                    47 Posts
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                    Posted: March 17, 2012, 6:51 pm - IP Logged

                    So if I win 200 million but take the annuity option and move to Switzerland I have to pay the state I purchased the ticket in for 25/26 years???? Some states on the East Coast are making out like a bandit on all these lottery wins

                      CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                      TX
                      United States
                      Member #121193
                      January 4, 2012
                      1637 Posts
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                      Posted: March 17, 2012, 6:57 pm - IP Logged

                      So if I win 200 million but take the annuity option and move to Switzerland I have to pay the state I purchased the ticket in for 25/26 years???? Some states on the East Coast are making out like a bandit on all these lottery wins

                      That is correct...If the state you bought the ticket in has state income tax on lottery winnings, then you have to pay state AND federal income tax over the life of the annuity AND file a state income tax return & federal income tax return each  and every year of the annuity...That's why the cash option means you only pay the feds one time and the state one time for the tax year

                      Stay Positive, Believe and good things will come your way

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                        Indiana
                        United States
                        Member #120718
                        December 26, 2011
                        47 Posts
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                        Posted: March 17, 2012, 7:06 pm - IP Logged

                        I wonder if you can save on taxes this way.

                        You take the annuity option.

                        Part of that payment is interest.

                        Interest is accrued when you are in Switzerland not your state.

                          maximumfun's avatar - Lottery-030.jpg
                          Lavender Rocket

                          United States
                          Member #124616
                          March 16, 2012
                          2642 Posts
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                          Posted: March 17, 2012, 7:29 pm - IP Logged

                          Connecticut guys hit for the big one late last year, then the old lady from Rhode Island hit it last month.

                          Next stop; Massachusetts.

                          I'm waiting to see what happens.

                          The perfect storm would be the ticket to be SOLD in MA and PURCHSED by a RI'er!

                            Piaceri's avatar - sarsony1
                            Republic of Texas
                            United States
                            Member #57557
                            January 9, 2008
                            1095 Posts
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                            Posted: March 17, 2012, 7:41 pm - IP Logged

                            I wonder if you can save on taxes this way.

                            You take the annuity option.

                            Part of that payment is interest.

                            Interest is accrued when you are in Switzerland not your state.

                            Just take the cash and run. Forget the annuity. 

                            Annuity = bad choice #1 for a jackpot winner.

                            Crazy

                            face

                            singlewinnersinglewinnersinglewinner   

                              Nikkicute's avatar - nnjx1k
                              Wisconsin
                              United States
                              Member #123290
                              February 17, 2012
                              3050 Posts
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                              Posted: March 17, 2012, 8:15 pm - IP Logged

                              Not saying this or the PB jackpot is mine but when an LP blogger wins let's make the agreement that he/she will pay homage to HRH Todd and the LP Royal Family. We don't have to know who you are on here but just want to know that one of us finally HIT BIG!!!!

                               

                              Deal?

                              AGREED!!!!

                              Would it be a bad thing if an LP member won and everyone knew who they were?

                              You think that person would be hounded with inbox messages?

                                 
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