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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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rdgrnr's avatar - walt
Way back up in them dadgum hills, son!
United States
Member #73904
April 28, 2009
14903 Posts
Offline
Posted: March 30, 2012, 1:16 am - IP Logged

I bought 8 tickets at a convenience store.

 

Later I went by the grocery store where I bought my last tickets, and asked if I had any winners. I'd won 2 dollars, which I spent on 2 more tickets.

"... I went by the grocery store where I bought my last tickets, and asked if I had any winners. I'd won 2 dollars..."

Big mistake, murdoog.

NEVER hand a clerk tickets and ask them to check if you have any winners.

Check them yourself online and know what you have coming. Clerks are the biggest lottery prize crooks there are.

I hope you really won just that 2 dollars and not something a lot more that the clerk kept for themself.


                                             
                     
                                         

 

 

 

 

                                                                                                   

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

                                                                                            --Edmund Burke

 

 

    Avatar
    Elgin, IL
    United States
    Member #93542
    July 2, 2010
    318 Posts
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    Posted: March 30, 2012, 1:17 am - IP Logged

    I never paid attention to the lottery growing up and the only big prize I knew about was

    Publishers Clearing House and I knew they gave the $10 million prize in yearly payments.

     

    First time I heard of people ending up broke after winning the lottery was when they took the lump sum.

    Not saying the lump sum is a bad idea and I don't know when they started or have winners always had the

    option of lump sum? When did the lump start?

    I don't know when it started. You or me would have to look it up. The lump sum is the best way to go in my opinion.

      Nikkicute's avatar - nnjx1k
      Wisconsin
      United States
      Member #123290
      February 17, 2012
      3052 Posts
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      Posted: March 30, 2012, 1:44 am - IP Logged

      OK so the MM payments are the same each year? That is better. PB likes to not give you the big money until 25-30 years, and hopes you are not around then. With this much money I really don't care what the taxes are as after the taxes I will still have more money than I ever will spend.

      AMEN!!!!!!!!!!!!!

      The Ohio annuity is $14,330,769

      Someone caculated that if the Federal rate goes to 70% then annuity payments would go down to

      $4,984,615 assuming the Ohio tax rate stays at 6%.

      I'm thinking... so what!! $4,984,615 a year is still not enough for youWhat?

      I'd take the annunity if won.

        DC81's avatar - batman39
        MI
        United States
        Member #54830
        August 31, 2007
        985 Posts
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        Posted: March 30, 2012, 2:08 am - IP Logged

        Just as many people have run into problems with the annuity as have taken the cash. That's not the issue, the issue is ignorance and flatout stupidity.

        You can't predict random.

          DC81's avatar - batman39
          MI
          United States
          Member #54830
          August 31, 2007
          985 Posts
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          Posted: March 30, 2012, 2:15 am - IP Logged

          I'm thinking of that guy on the TLC show where he won in high school and lost it all in bad business ventures. But... I also think of how terrible some older people have thrown away their money (or could throw it away), so a young winner may not be too bad.

           

          I actually know a few younger people who would spend it wisely and some older people who would simply get high on whatever drug there is.

           

          Anyways, I still have my dreaming on, though I actually went out today and picked up my PB ticket for Saturday... clerk was telling me I should play tomorrow. When I walked in there was a long line, apparently the people at the counter were buying a good amount of tickets for tomorrow.

          If it's who I think you're talking about, he didn't lose it to bad business ventures, it was the stock market when it went to pot. His winnings were in the six figures IIRC.

          You can't predict random.

            gocart1's avatar - lighthouse
            ONEONTA,NEW YORK
            United States
            Member #30516
            January 17, 2006
            419 Posts
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            Posted: March 30, 2012, 2:34 am - IP Logged

            "... I went by the grocery store where I bought my last tickets, and asked if I had any winners. I'd won 2 dollars..."

            Big mistake, murdoog.

            NEVER hand a clerk tickets and ask them to check if you have any winners.

            Check them yourself online and know what you have coming. Clerks are the biggest lottery prize crooks there are.

            I hope you really won just that 2 dollars and not something a lot more that the clerk kept for themself.

            I Agree!   Never ever hand a ticket to a store clerk...Your just asking for trouble ...

              gocart1's avatar - lighthouse
              ONEONTA,NEW YORK
              United States
              Member #30516
              January 17, 2006
              419 Posts
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              Posted: March 30, 2012, 2:45 am - IP Logged

              I Agree!   Never ever hand a ticket to a store clerk...Your just asking for trouble ...

              I don't care if it's your highschool sweetheart money really does chenge people

                Avatar
                Elgin, IL
                United States
                Member #93542
                July 2, 2010
                318 Posts
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                Posted: March 30, 2012, 2:55 am - IP Logged

                For anyone who wants hear fools claiming the lottery is cursed you can set your DVRs for "20/20" tonight. Curse me! I've always wanted to be cursed by the lottery. I'm going be cursed tonight.

                  bob27's avatar - chakra man1.jpg
                  chicago
                  United States
                  Member #34162
                  February 28, 2006
                  315 Posts
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                  Posted: March 30, 2012, 2:56 am - IP Logged

                  i predict first two numbers : 1 and 2

                    Avatar
                    Elgin, IL
                    United States
                    Member #93542
                    July 2, 2010
                    318 Posts
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                    Posted: March 30, 2012, 3:01 am - IP Logged

                    If it's who I think you're talking about, he didn't lose it to bad business ventures, it was the stock market when it went to pot. His winnings were in the six figures IIRC.

                    I think he/she is talking about that guy who did lose it do to bad business ventures. He invested into a Hotel or something. He only still has the plane he bought. Is that the guy?

                      Nikkicute's avatar - nnjx1k
                      Wisconsin
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                      February 17, 2012
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                      Posted: March 30, 2012, 3:07 am - IP Logged

                      Not sure when the lump sum was implemented but I would guess it's been available for probably the past 20 years of so. Jackpot winners with no guidance or game plan as well as self control will always find a way to go broke. It doesn't matter if they get the cash option or annuity.

                      With the annuity, they simply borrow against it or cash it in for a lump sum payout with those sharks you see on TV. Many of them like the gentlemen who moved to Florida and collected medieval replicas while fueling a drug habit and out of control spending are destined to lose it all. Him and his girlfriend ended up living in a storage locker. No Nod

                      Oh I remember him!! So sad...So sad...

                      Couple years back the jackpot was getting large, and E! television ran back to back marathon shows

                      about lottery winners, which I have seen over the years but they showed them all day that day.

                      The guy had a real real nice house in Florida and yes he did buy some strange things, then a couple of episodes later in an episode of "Curse of the Lottery" it was gone!!!!! whaaa?

                      All of it ? He messed up!!! I couldn't even believe it!! How do you even come back from

                      something like that? He had it, he had what others have been dreaming about and

                      he blew it.

                        Nikkicute's avatar - nnjx1k
                        Wisconsin
                        United States
                        Member #123290
                        February 17, 2012
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                        Posted: March 30, 2012, 3:09 am - IP Logged

                            I'm 100% ready to win this Mega Millions $$$$$$$$$$$$$$$$$$

                            I have up to One year to turn in ticket .

                        Where do you live that you have 1 year to turn in your ticket?

                          HaveABall's avatar - rocket

                          United States
                          Member #72448
                          March 18, 2009
                          1228 Posts
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                          Posted: March 30, 2012, 3:13 am - IP Logged

                          I'm just in love with luxury cars. I'd probably get 3 initially, and buy a new one every year(selling the previous of course).

                          Not for me, as auto insurance would be way too expensive. Disapprove

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

                          Disney

                            Avatar

                            United States
                            Member #31636
                            February 1, 2006
                            256 Posts
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                            Posted: March 30, 2012, 3:18 am - IP Logged

                            For 2010-2012 the max gift tax rate is $5mil and 35%. In 2009 it was $3.5mil and either 45-55%. Before 2001 prior to the Bush tax cut it was 675K .You are allowed to gift $13k per year or 26k as a married couple.

                            For 2013, it may revert back to 1Mil and at least 45% on anything over.

                            Does this mean I can give $5mil to one person and $5mil to another and another or am I only able
                            to give $5mil total in my lifetime. I wish I could give millions away and not be taxed for it.

                              ttech10's avatar - blobdude
                              Texas
                              United States
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                              June 5, 2010
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                              Posted: March 30, 2012, 3:19 am - IP Logged

                              Yes a young person could handle it the right way... i was just thinking of the fun life they could live, and be so young.... it is a blessing how in America anyone can become rich...

                               

                              I just returned home from the store buying my lottery tickets for MM, while there I won 3 scratch  off tickets in a row!!!! Banana the clerk said LUCKY!!!! and with the winnings I bought my 15 more QP.... I have never won like that in my life... I really think I will be the lucky guy to win Friday's Drawing. as i was leaving home,  in walking to my car I was thinking these are the last steps I'm taking that will change my life forever.....Party throughout my life I have dreamed so much, and I think my life now is in order to receive this Jackpot... Every desire I have ever had in life I have recieved.... Winning the lottery is another desire that I have, and will receive.... 

                              *Note this posting... I am the winner of this drawing.. If not you can all call me crazy, when I do win you can all call me  CRAZY RICH!!!Banana

                              Nice, good job. I've been doing terrible on scratchers so haven't been playing for a while... I'm actually doing better on draw games for once... I hope I can continue that with this draw (maybe we can share).

                                 
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