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$540 MILLION: Mega Millions buying frenzy sparks another jackpot increase

Topic closed. 387 replies. Last post 5 years ago by gordianknot.

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tomlarson2009's avatar - animal doggy2.jpg
Addison, IL
United States
Member #125448
March 28, 2012
27 Posts
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Posted: March 29, 2012, 7:31 pm - IP Logged

Well, rarely do I buy tickets, but this got me going, not every day we have a record jackpot. People at the "7-Eleven" were telling me they were using numbers of their family birthdays, some other crazy strategies, one guy said "play my numbers and we will take that jackpot". ;) Well, good luck to all of you, by the way there was a nice girl selling Mega tickets at this store, and I gave my word to give her a % of this jackot if I'm the winner :).

    sirbrad's avatar - Lottery-062.jpg
    PA
    United States
    Member #22983
    October 6, 2005
    2226 Posts
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    Posted: March 29, 2012, 7:32 pm - IP Logged

    Why doesn't the jackpot analysis show the full annuity payments for each year like PB does on USAMEGA?

      diamondpalace's avatar - Untitled 2.jpg
      Dallas, TX
      United States
      Member #60284
      April 12, 2008
      3856 Posts
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      Posted: March 29, 2012, 7:35 pm - IP Logged

      The more they raise the 'estimated value' the more people talk and the more attention it gets... resulting in more sales... why put 500 million out there if u can sell x amount of tix at 476.. and then x amount more once ppl see 1/2billion... all marketing

      Which means it could most likely increase again Friday noon and one more before 3pm, and another one at 7pm. This could leave some room for them to pocket some few millions that were not included in the estimated value. Since it was not reported to the public.


        Bahamas
        Member #114685
        August 5, 2011
        422 Posts
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        Posted: March 29, 2012, 7:36 pm - IP Logged

        DON'T shoot the messenger....

         

        I Just read this on another website I frequent.....I personally think it's bunk but hey we are talking about $$$$$$ so I suppose anything is possible.  They have security to prevent this from happening right??

         

        "THE LOTTERY IS RIGGED

        You may have heard that you are more likely to be hit on the head by a meteorite than to win the lottery. This is certainly so. Assuming that the game is honest, the odds are roughly one in several hundred million. Even with these odds, lottery commissions are not satisfied. The lottery is rigged.

        The giant multi-state and individual state lotteries are more fixed than pro wrestling. The jackpots go up and up, with no winners. People get lottery fever. Millions nationwide are willing to wait in a line just like the ones for bread in the former Soviet Union for the pipe dream of striking it rich. The rigging works like this: super computers keep track of each combination sold, and then the ping-pong balls are weighted to assure that a losing combination comes up. On rare occasions, all possible combinations are sold, and they must let someone win. Only then is the game honest.

        Why? The lottery, which is a state-run version of the Mafia's numbers racket, is a great money grab scam, as long as it brings in more than it pays out. In the past, lotteries were abolished because they lost money.

        The worst part of this is whom it hurts. The poor and desperate are the most common victims of lottery fever. Children go hungry and senior citizens go without their medication because of it. People prone to gambling addiction also blow huge sums.

        We spoke with an employee at a state lottery agency. We can not reveal his name or even which state, as some of the same gangsters who ran the numbers racket now run the lottery, and they would kill him.

        “Yes, I personally am involved in it. Lottery ping-pong balls have a small valve, like a basketball or soccer ball, only it’s very tiny, and nearly invisible. We use a hypodermic needle to inject heavier-than-air gasses such as radon into the balls we don’t want to come up. At first, we tried helium in the ones we did want to rise, but they jumped up so quickly that it was obvious. Lotteries are raking in much more than if the games were honest, and people don’t know they have literally no chance!”

        “If you think about it logically, you certainly don’t play anyway. You are betting that you can predict which six of 45 or more balls are going to come out of the hopper. In some games, the order even matters! It’s a sucker’s bet, and that’s when it’s honest! Most drawings are rigged, making the odds zero in infinity! The lottery is not only a tax on people who don’t understand math; it is an unfair and unjust tax. Didn’t we have the American Revolution over taxes like that?”

        You read it here first."

        At some point someone has to win

        And if this theory had any validity, the Powerball is doing a POOR JOB of RIGGING because over the last three jackpot wins they have lost money!

        "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"

          dpoly1's avatar - driver
          PA
          United States
          Member #66141
          October 16, 2008
          1672 Posts
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          Posted: March 29, 2012, 7:36 pm - IP Logged

          I haven't seen any lines at the stores where I live!

          dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

           

          Eschew Poverty ........... Vote Conservative!

            Uff Da!'s avatar - InCelebration 001.jpg
            Washington State
            United States
            Member #33973
            February 26, 2006
            347 Posts
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            Posted: March 29, 2012, 7:37 pm - IP Logged

            No lottery lines in either the convenience store or our main grocery store when I was there an hour or so ago.  There was only one clerk in the convenience store and I didn't even have to wait for anyone buying beer or cigarettes.

              Guru101's avatar - rw6jhh
              Indiana
              United States
              Member #48725
              January 7, 2007
              1953 Posts
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              Posted: March 29, 2012, 7:38 pm - IP Logged

              Why doesn't the jackpot analysis show the full annuity payments for each year like PB does on USAMEGA?

              The Mega Millions jackpot analysis page shows the yearly payment on the left side. Unlike Powerball, Mega Millions doesn't progressively increase each year. Instead, it is divided over 26 years, each of which is an equal payment. So for Indiana, the yearly payment would be $14,870,769 after taxes.

              Gonna win.Big Smile


                Bahamas
                Member #114685
                August 5, 2011
                422 Posts
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                Posted: March 29, 2012, 7:39 pm - IP Logged

                I haven't seen any lines at the stores where I live!

                You know how it is around Xmas time - LAST MINUTE SHOPPERS!

                "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"

                  smooth11484's avatar - Lottery-053.jpg
                  ohio
                  United States
                  Member #125198
                  March 26, 2012
                  1894 Posts
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                  Posted: March 29, 2012, 7:39 pm - IP Logged

                  You do realize that this conversation around this jackpot has been going on for over a week correct? Most have talked about taking care of family and loved ones and for people like me it's a given so it doesn't make me less of a person if I don't broadcast it over lottery post - lol. I like the angle we're focused on now as we're pooling as it were very helpful tips on money management that will assist any one of us who in time may win a jackpot. Managing the windfall well is paarmount to helping yourself, family, friends and charities in a more constructive way.

                  dude spare me

                    HaveABall's avatar - rocket

                    United States
                    Member #72448
                    March 18, 2009
                    1228 Posts
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                    Posted: March 29, 2012, 7:39 pm - IP Logged

                    Why doesn't the jackpot analysis show the full annuity payments for each year like PB does on USAMEGA?

                    Because, sirbrad, different lottery companies run each game. Consequently, PB chose to increase annuity payment by 4% each 29 annual payments, yet MM chose to pay out each of their 26 annual annuity payments at the same amount each time.  Note that both ways would require the winning receiver to pay the top Federal Income Tax Bracket each payment though.

                    Wink

                    Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                    Disney

                      Avatar
                      NH
                      United States
                      Member #83352
                      December 5, 2009
                      223 Posts
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                      Posted: March 29, 2012, 7:40 pm - IP Logged

                      Awesome!!!This thing may just get to 600m...And for anyone thinking of the annunity, I know it sounds inviting, but taxes for sure will never go down again. They will only go up. We could easily see the high end tax of federal alone over the next 10 years jump over 50%. That is a lot of money to leave on the table.

                        smooth11484's avatar - Lottery-053.jpg
                        ohio
                        United States
                        Member #125198
                        March 26, 2012
                        1894 Posts
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                        Posted: March 29, 2012, 7:42 pm - IP Logged

                        Yeah, gotta love these southern state family values!  Lovies

                        wtf lottery post who is this guy??? see the white man got yall thinking about trust funds and saving, in GOD i trust i pity internet thugs

                          smooth11484's avatar - Lottery-053.jpg
                          ohio
                          United States
                          Member #125198
                          March 26, 2012
                          1894 Posts
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                          Posted: March 29, 2012, 7:45 pm - IP Logged

                          I almost peed a little while reading that... Such an amazing translation!!! the inner city did a great job learning you ;-) Lmao

                          shame ful racist remarks and we are talking about lottery, what america has become n i bet you will pee your self in the inner city

                            smooth11484's avatar - Lottery-053.jpg
                            ohio
                            United States
                            Member #125198
                            March 26, 2012
                            1894 Posts
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                            Posted: March 29, 2012, 7:48 pm - IP Logged

                            What point were trying to make in your post?I almost stopped reading after the first so called( fragmented) sentence.I think some of you guys skipped English lit class.

                            im confused , are we interpeting english, or are we talking bout lottery?


                              United States
                              Member #111442
                              May 25, 2011
                              6323 Posts
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                              Posted: March 29, 2012, 7:49 pm - IP Logged

                              Wonder why they keep changing the estimated value? The headquarter know right away any winning tickets in each prizes and the total amount of tickets purchased in every states. Yet the jackpot is "estimated" and change frequently. Not that I complain about the increase value, however why don't they get it right instead of keep guessing.

                              This is an unprecedented lottery.  When Jackpots get this high (Record high for USA, ever!), ticket spending is beyond all comprehension.

                              The "estimated" Jackpot is just a guideline only. Lotteries in the past have had may occurrences where the jackpot was "upped' because

                              of insane sales activity.

                               

                              The lottery has no crystal ball to predict such incredible surges in sales. However in this instance, with a world record lottery at stake, it is no

                              surprise of these regular lottery increases. (not roll overs).

                               

                              They are not "guessing" at anything, just following the sales of tickets of the now "Biggest Lottery in the World" and adjusting the Jackpot

                              accordingly. And why shouldn't they be doing this? This is a "win win" for everybody included! Players, states, education programs and our economy!

                                 
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