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48 Philly transit workers win $172M Powerball jackpot

Topic closed. 97 replies. Last post 5 years ago by Simba774.

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OldSchoolPa's avatar - Lottery-057.jpg
Gurnee, Illinois
United States
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February 12, 2007
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Posted: April 30, 2012, 4:57 pm - IP Logged

Congrats (not really but everyone likes to make like they are happy for others getting lucky winning), BUT this is exactly why I hate lottery pools. You take a huge, lifechanging sum of dough and reduce it to just a nice, little nest egg that requires many younger folk to keep working present job.  That $3 mill is about what I would win if I just played and won my state lottery.  And folks, that is not $3 mill cash value they won...no it is the annuity value so each will only receive a little over $100,000 per year.  Not lifechanging at all!  That is so anti-Powerball or Mega Millions.  If you are going to do a pool, limit the number to no more than 5 people.

As soon as I saw 48 won, my immediate thought was "Stupid".  Now I want to be stupid rich, so come on Mega Millions.  And no, I am in NO pool!

Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

    tntea's avatar - Lottery-059.jpg

    United States
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    Posted: April 30, 2012, 5:23 pm - IP Logged

    I am very happy to the group.   The lady that sat out this round needs to remember, "you snooze , you lose."  The group owes her nothing.   She didn't put up her five bucks.

         OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

      Jill34786's avatar - Lottery-006.jpg
      Windermere, FL/Franklin, TN
      United States
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      March 1, 2007
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      Posted: April 30, 2012, 5:30 pm - IP Logged

      The article mentions that they all chipped in $5 each for a total of 120 tickets? shouldn't it be 240 tickets?

        Cletu$2's avatar - Lottery-050.jpg
        S.E.Iowa
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        Posted: April 30, 2012, 5:35 pm - IP Logged

        The article mentions that they all chipped in $5 each for a total of 120 tickets? shouldn't it be 240 tickets?

        Powerball costs $2 a ticket now.

        When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

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          Posted: April 30, 2012, 5:41 pm - IP Logged

          Congrats (not really but everyone likes to make like they are happy for others getting lucky winning), BUT this is exactly why I hate lottery pools. You take a huge, lifechanging sum of dough and reduce it to just a nice, little nest egg that requires many younger folk to keep working present job.  That $3 mill is about what I would win if I just played and won my state lottery.  And folks, that is not $3 mill cash value they won...no it is the annuity value so each will only receive a little over $100,000 per year.  Not lifechanging at all!  That is so anti-Powerball or Mega Millions.  If you are going to do a pool, limit the number to no more than 5 people.

          As soon as I saw 48 won, my immediate thought was "Stupid".  Now I want to be stupid rich, so come on Mega Millions.  And no, I am in NO pool!

          Things happened because of a sequence of events, that led to this pool of workers to be at the right place and the right time. Had there been just

          5 members in this pool, this would have created a "new" sequence of events which would have thrown off the timing of who ever was

          responsible for buying the tickets at this lucky location. Being a few minutes or even a few seconds earlier or later would have been enough to

          invalidate their number from coming up. (I'm assuming QP's here). Maybe the person before or after the designated buyer would have won instead.

           

          The only thing "STUPID" is to assume that by changing all the details of what led to this win, would somehow come out more favorably because of

          your deciding to re-quantify the pool numbers. $3,000,000.00 can be life changing to most people, certainly would be for me without a doubt.

          Perhaps no retirement, but with good investing and shrewd allocation of these annuities, one could easily be set for life.

            Jill34786's avatar - Lottery-006.jpg
            Windermere, FL/Franklin, TN
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            Posted: April 30, 2012, 5:44 pm - IP Logged

            Powerball costs $2 a ticket now.

            Oops, I forgot. I guess it's been a while since I last purchased a PB ticket. Thanks for the clarificationSmiley

              JAP69's avatar - alas
              South Carolina
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              Posted: April 30, 2012, 5:44 pm - IP Logged

              Does this hold the record in pool size?

              The other record said 14 winning tickets on 115.5 mill.

              I also smell it dragged out with the one who did not chip in the pool and was not among the winners. May find a reason to sue for their share.

              MAGA

                Arrowhead's avatar - underground
                Ohio
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                Posted: April 30, 2012, 5:54 pm - IP Logged

                Those in their 50's-60's should have no trouble whatsoever retiring with an extra $3 million. Even some in their 30's-'40's if they're single, or married with no kids with little or no debt. It's incredible some believe $3 mil isn't life-changing money. Some people should buy a clue.

                  RJOh's avatar - chipmunk
                  mid-Ohio
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                  Posted: April 30, 2012, 6:01 pm - IP Logged

                  Does this hold the record in pool size?

                  The other record said 14 winning tickets on 115.5 mill.

                  I also smell it dragged out with the one who did not chip in the pool and was not among the winners. May find a reason to sue for their share.

                  Probably not, the TV news show "60 minutes" some years ago did a story about a small town in Texas where everyone but one person entered a lottery pool and won the jackpot.  They were doing a story a year later about how it changed the lives of everyone in the town including the person who regretted he hadn't join the pool.

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
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                    RJOh's avatar - chipmunk
                    mid-Ohio
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                    Posted: April 30, 2012, 6:10 pm - IP Logged

                    Those in their 50's-60's should have no trouble whatsoever retiring with an extra $3 million. Even some in their 30's-'40's if they're single, or married with no kids with little or no debt. It's incredible some believe $3 mil isn't life-changing money. Some people should buy a clue.

                    $3 millions is only life-changing money to thoses who don't have it.

                     * you don't need to buy more tickets, just buy a winning ticket * 
                       
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                      NY
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                      Posted: April 30, 2012, 6:28 pm - IP Logged

                      I don't think the statistics supports pools are the way to go. I am happy for the lucky 48 but it doesn't necessarily speak to me that I should run out and go join a group. Lottery pools winning are few and far between. They key to winning is to pick the winning numbers - lol!

                      It depends on which statistics you look at. How often a pool wins has nothing to do with it. It's about how many people win and how much they win.

                      So far this year 4 people have won by playing alone and 48 have won as a result of playing in a pool. 12 times as many people won as a result of playing in a pool. 48 people will take home about $1.5 million after taxes (assuming they take the cash). The other 4 will get about $50 million each, as an average. I'd rather have $50 million than $1.5 million, but that $1.5 million is still about $1.5 million more than either of us has won.

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                        NY
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                        Posted: April 30, 2012, 6:33 pm - IP Logged

                        Does this hold the record in pool size?

                        The other record said 14 winning tickets on 115.5 mill.

                        I also smell it dragged out with the one who did not chip in the pool and was not among the winners. May find a reason to sue for their share.

                        No. A group of 100 split $95 million (cash) in 2006. There may have been an even bigger pool, but that's a big group. Even with a very big jackpot they got less than $1 million each before they even paid the taxes.


                          Bahamas
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                          Posted: April 30, 2012, 6:33 pm - IP Logged

                          It depends on which statistics you look at. How often a pool wins has nothing to do with it. It's about how many people win and how much they win.

                          So far this year 4 people have won by playing alone and 48 have won as a result of playing in a pool. 12 times as many people won as a result of playing in a pool. 48 people will take home about $1.5 million after taxes (assuming they take the cash). The other 4 will get about $50 million each, as an average. I'd rather have $50 million than $1.5 million, but that $1.5 million is still about $1.5 million more than either of us has won.

                          Well, that's another way of looking at it and I won't debate the point any further as I am sure the audience understands both of us and respective points have been made.

                          I think we can both agree on your final comment that $1.5m is more than most of us have won and I am definitely included in that STATISTIC

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

                            RJOh's avatar - chipmunk
                            mid-Ohio
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                            Posted: April 30, 2012, 6:36 pm - IP Logged

                            It depends on which statistics you look at. How often a pool wins has nothing to do with it. It's about how many people win and how much they win.

                            So far this year 4 people have won by playing alone and 48 have won as a result of playing in a pool. 12 times as many people won as a result of playing in a pool. 48 people will take home about $1.5 million after taxes (assuming they take the cash). The other 4 will get about $50 million each, as an average. I'd rather have $50 million than $1.5 million, but that $1.5 million is still about $1.5 million more than either of us has won.

                            The same logic applies to being poor.  There are more poor folks than rich folks, but just because there are more of them doesn't mean being poor is preferable to being rich.

                             * you don't need to buy more tickets, just buy a winning ticket * 
                               
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                              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
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                              Posted: April 30, 2012, 6:57 pm - IP Logged

                              Congrats to the winners....Thumbs Up

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