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Mega Millions fever sweeps nation as jackpot hits $540 million

Topic closed. 100 replies. Last post 5 years ago by sirbrad.

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Jill34786's avatar - Lottery-006.jpg
Windermere, FL/Franklin, TN
United States
Member #50210
March 1, 2007
843 Posts
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Posted: March 30, 2012, 12:29 pm - IP Logged

Its past noon and no increase as of yet.  No No.....I got that one wrong !!!..HMPH !!.....okay, I am shooting for 3PM for a new update

Actually you were right. The jackpot hit 640 million around 11:50AM. Thumbs Up

    brees2012's avatar - animal whale.jpg

    United States
    Member #125177
    March 26, 2012
    180 Posts
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    Posted: March 30, 2012, 12:31 pm - IP Logged

     Did I see that correct it's at $640 million dollars ????? it's overwhelming .......I went to buy my tickets , and

    normally this store isn't crowded , well today , it is ............You can go to any store , etccc and never ever

    crowded , today a different story.

      brees2012's avatar - animal whale.jpg

      United States
      Member #125177
      March 26, 2012
      180 Posts
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      Posted: March 30, 2012, 12:33 pm - IP Logged

      Actually you were right. The jackpot hit 640 million around 11:50AM. Thumbs Up

        It's only 11:32 central time and it must of hit $640 awhile ago , just don't know the time .

          $323,400,000 divided by 2 =$161,700,000 ( see I have to share this amount with another person )

        $161,700,000 would be my share , than , I have to share that amount to Families , Friends , and

         Organizations , Tax lawyers , CPA , financial advisors, etc .........Just example ............

         I'm going to follow my list , I wrote .

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        Las Vegas, NV
        United States
        Member #44841
        August 9, 2006
        1749 Posts
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        Posted: March 30, 2012, 12:42 pm - IP Logged

        Its past noon and no increase as of yet.  No No.....I got that one wrong !!!..HMPH !!.....okay, I am shooting for 3PM for a new update

        Check some of the other states sites ... its $640 Million now.  UP $100 Million!!!

        Good Luck Everyone!!!

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          Fantasy Land
          United States
          Member #7297
          September 29, 2004
          80 Posts
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          Posted: March 30, 2012, 12:50 pm - IP Logged

          does anyone know how many tickets were sold

          Over 600 million tickets sold. You can guesstimate it by taking the current cash jackpot, subtracting the prior cash jackpot, and dividing by .318. 31.8% of sales goes into the jackpot pool.

            sirbrad's avatar - Lottery-062.jpg
            PA
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            Member #22983
            October 6, 2005
            2226 Posts
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            Posted: March 30, 2012, 12:58 pm - IP Logged

            Does't matter as I said before, anything after about $10 million is moot to me. The rest will just be stacked up collecting dust. So I am not tempted spend more for more that I will never spend. It was already "unbelieveable" after $300 million, even less. Just all marketing. But I always wonder just what the "actual amount" is that the MM is making before they decide how much they want to add to the pot.

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              Texas
              United States
              Member #111057
              May 17, 2011
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              Posted: March 30, 2012, 1:01 pm - IP Logged

              ---- Quote ----

              $462,000,000 cash!
              That is well north of $300,000,000 in the bank here in Pennsylvania!
              1 ticket ....... 1 winner!

              -----------------

              For people in PA like yourself, that would be $346,500,000 after taxes.Big Grin

              ------------------------

              Remember the Jackpot Analysis Payout by State page only takes out the 25% Federal Income Tax withholding.  So you'll still owe an additional 10% for the marginal tax rate of 35%. 

              So, without State taxes (and only one winner), your net would be a nice, round $300 million!!!! 

              Nice thing is you can bank that additional 10% and earn some interest on it.  Although I doubt you would be able to hold onto it until tax time April 15, 2013.  I would expect that you would be required to make a quarterly tax payment.  But on this amount ($46m), even a few months of interest would be VERY nice.

               

               

               

               

                sirbrad's avatar - Lottery-062.jpg
                PA
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                October 6, 2005
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                Posted: March 30, 2012, 1:04 pm - IP Logged

                You got that right!  I'm going to buy a cheesburger and WILL stop and get another freaking ticket. Unhappy  This is driving me crazy!  I can't wait for this to be over.  This lottery fever is gonna be the death of me!

                Yeah if it is not won it will get to the billion plus level unless they create a cap, or try and change the rules as they often do. In a way I kinda want to see "Jackpot One Billion Dollars!" "$1,000,000,000!" Now would be about the only time it will happen probably in a LONG time. Look how long it took so far. I thought the PB would be the first to get to that level, but also knew less would be playing with the added cost. So I think the PB will stay about the same levels because of that, and their idea of super jackpots will not work anytime soon because people are still winning it too frequently.

                  sirbrad's avatar - Lottery-062.jpg
                  PA
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                  October 6, 2005
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                  Posted: March 30, 2012, 1:10 pm - IP Logged

                  I will take the $20 milllion a year for 26 years. No investment worries, and would still make BANK on a CDAR if I wanted to. After the first year's payment I am set, the rest will bonus money to expand my businesses and help others with my own charities, and other ways.

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                    Texas
                    United States
                    Member #111057
                    May 17, 2011
                    33 Posts
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                    Posted: March 30, 2012, 1:11 pm - IP Logged

                    ---- Quote ----

                    $462,000,000 cash!
                    That is well north of $300,000,000 in the bank here in Pennsylvania!
                    1 ticket ....... 1 winner!

                    -----------------

                    For people in PA like yourself, that would be $346,500,000 after taxes.Big Grin

                    ------------------------

                    Remember the Jackpot Analysis Payout by State page only takes out the 25% Federal Income Tax withholding.  So you'll still owe an additional 10% for the marginal tax rate of 35%. 

                    So, without State taxes (and only one winner), your net would be a nice, round $300 million!!!! 

                    Nice thing is you can bank that additional 10% and earn some interest on it.  Although I doubt you would be able to hold onto it until tax time April 15, 2013.  I would expect that you would be required to make a quarterly tax payment.  But on this amount ($46m), even a few months of interest would be VERY nice.

                     

                     

                     

                     

                    Earning only 1.5% interest on that additional 10% federal income tax you would owe, would still earn you almost $60,000/month...  times 2 - 3 months...


                      United States
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                      March 26, 2012
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                      Posted: March 30, 2012, 1:17 pm - IP Logged

                      Amo' Win Amo' Win !

                      Like my user name, that's what millions of people are thinking today.
                      We are making history.  100 years from now, they'll be saying about [us] :

                      "Remember that lotto way back when that went up 100 million in one day?"

                      "And people were going nuts".  "Now we make 100 million in a week.. . . . "

                      It's $640 mil., and I know I'm not going to hit it, but it's just fun to
                      think Amo' Win.

                       Seiously folks,  it starting not to be fun anymore.   Why?  Because it's not going to be a single first place winner.   Now, the 175 million to one odds has been duplicated several times.

                      This is what our greed has done. 

                      We must all pray now that's pray with an "R". Not to win, but for forgiveness for our EXTREME GREED, and I for one am no exception.

                      Good luck anyway,

                      I"m glad I'm doing what the gambling committee instructs: " Bet with your head and not above it".

                      So, I only put $5 Grand into it. 

                      Just kidding. Not even 1/20th of that.

                      At any rate, this is just insane, and I'm getting fed up with having to feed this doggone hog.

                      Somebody please win it.

                        sirbrad's avatar - Lottery-062.jpg
                        PA
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                        Posted: March 30, 2012, 1:44 pm - IP Logged

                        I am not greedy I just want to be financially secure for the rest of my life. I stated many times that $5 million and up is plenty. Even God actually wants everyone to have prosperity so there is a lot of contradictions there I am not going to go into. For me this is just about fun and is a unique opportunity that would be life-changing in many ways. You also do not know what the winner will do with their money, or how many people they will help. So you can't say anyone is only playing it for greed purposes. That is just an assumption. I don't care how anyone else would spend it and no one needs to care how I would spent it. That is the winner's choice. The people who care about it are the actual greedy ones because they wanted for themselves.

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                          August 28, 2004
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                          Posted: March 30, 2012, 2:17 pm - IP Logged

                          Do not take the annual payments!!!!!! If the Lotto declares bankruptsy you will no longer recieve payments. We do not know where the economy is going and the lottery could be gone in 5 years!!!!!!

                            sirbrad's avatar - Lottery-062.jpg
                            PA
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                            October 6, 2005
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                            Posted: March 30, 2012, 2:26 pm - IP Logged

                            Wow, $700 million and that old hag in the 3rd video can't even buy her daughter a new car, and wants to give her her old one? Give me a break. I hope she loses. I understand about building values and work ethic, but when you are the winner of the largest jackpot in history it changes things, or at least should. The old frugal rules no longer apply. But it is a car for crying out loud, you can buy a really nice one for $5,000 even. What an old greedy toad. Plus she still would make her daughter go to college and not get her a house. I always hope people like that never win. Sure an education is great, but don't act like almost a billion dollars doesn't change anything and that you need to do the same things as you did when you were not that rich. This kind of money is not for old, boring, thrifty, greedy, frugal people. Have some fun for ONCE in your life!

                              sirbrad's avatar - Lottery-062.jpg
                              PA
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                              Posted: March 30, 2012, 3:03 pm - IP Logged

                              Do not take the annual payments!!!!!! If the Lotto declares bankruptsy you will no longer recieve payments. We do not know where the economy is going and the lottery could be gone in 5 years!!!!!!

                              Like I said before it has not happened yet, and I will be set for life after the first payment. I will take my chances with the annuity as opposed to risky investments which DO fall through, and only attract more leeches looking to cash in. I also won't have all the headaches of watching books 24 hours a day, and watching others watching my books, or paying more taxes and having to keep track of where all my money is going. I have been prepared for this for the last 15 years so I know what I am doing but thanks. I don't think the annuity is going anywhere, and if it does the money in my vault and savings account will be more than enough, and enough for some lawsuits if need be.