Welcome Guest
Log In | Register )
You last visited January 17, 2017, 2:39 pm
All times shown are
Eastern Time (GMT-5:00)

48 Philly transit workers win $172M Powerball jackpot

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

Page 4 of 7
52
PrintE-mailLink
Avatar
new york
United States
Member #123017
February 11, 2012
124 Posts
Offline
Posted: April 30, 2012, 7:20 pm - IP Logged

would rather be in a large pool and win then play by myself and lose

    BuyLow's avatar - palm tree.jpg
    Florida
    United States
    Member #61435
    May 22, 2008
    910 Posts
    Offline
    Posted: April 30, 2012, 7:53 pm - IP Logged

    Congrats to the Philly Bums.

    Don't lose your positve attitude!!  You will win one day, you may die the next day but you will win eventually!!  LOL  jk....I have a warped sense of humor!!  Chair

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: April 30, 2012, 8:13 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.

      Actually, groups seldom win compared to individuals.

      An individual is much more likely to win than a group.

      And as an individual you don't have to split with anybody if you don't want to.

      And you don't have to deal with the inevitable lawsuits and the sleazy, slimy, slithering, squirming, worm-like lawyers.


                                                   
                           
                                               

       

       

       

       

                                                                                                         

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

                                                                                                  --Edmund Burke

       

       

        Cletu$2's avatar - Lottery-050.jpg
        S.E.Iowa
        United States
        Member #120504
        December 21, 2011
        534 Posts
        Offline
        Posted: April 30, 2012, 8:31 pm - IP Logged

        would rather be in a large pool and win then play by myself and lose

        I'd rather play by myself and win than play in a pool and win (and have to share with a bunch of people).

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

        There ought to be one day - just one - when there is open season on senators. ~Will Rogers

          Avatar
          new york
          United States
          Member #123017
          February 11, 2012
          124 Posts
          Offline
          Posted: April 30, 2012, 9:12 pm - IP Logged

          I'd rather play by myself and win than play in a pool and win (and have to share with a bunch of people).

          dont we all but in this case you would want to be in the pool

            Cletu$2's avatar - Lottery-050.jpg
            S.E.Iowa
            United States
            Member #120504
            December 21, 2011
            534 Posts
            Offline
            Posted: April 30, 2012, 9:21 pm - IP Logged

            dont we all but in this case you would want to be in the pool

            No,I wouldn't.

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

            There ought to be one day - just one - when there is open season on senators. ~Will Rogers

              zephbe's avatar - animal butterfly.jpg
              South Carolina
              United States
              Member #77167
              July 15, 2009
              568 Posts
              Offline
              Posted: April 30, 2012, 9:35 pm - IP Logged

              This week, for the $172 million Powerball, workers each put in $5 to buy 120 tickets.

                Arrowhead's avatar - underground
                Ohio
                United States
                Member #120754
                December 27, 2011
                294 Posts
                Offline
                Posted: April 30, 2012, 9:41 pm - IP Logged

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

                I Agree!

                  Avatar
                  kings mountain
                  United States
                  Member #118667
                  November 5, 2011
                  208 Posts
                  Offline
                  Posted: April 30, 2012, 9:51 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!

                  100 grand is not life changing?? I assume you are making a 100k a year????

                    HaveABall's avatar - rocket

                    United States
                    Member #72448
                    March 18, 2009
                    1235 Posts
                    Offline
                    Posted: April 30, 2012, 9:57 pm - IP Logged

                    Congratulations 48 Pennsylvania winners!  This is a good, tidy, Powerball jackpot lump-sum share win of apx. $1.68M each (after initial Fed 25% Income Tax are taken out, and monies received)! 

                    Though the article indicated that some of these 48 jackpot sharing winners will retire, I think that would be foolish, so I hope they didn't officially indicate so to their employer.  That is, of course, unless those were the people that were already at retirement age and they are already entitled to the Philly Transit's generous retirement, annual benefits package.

                    Had there only been 38 lottery pool participants, many would have been able to retire and not care about not earning retirement benefits -- another example of 'lottery pools gone too big'!

                    Party

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

                    Disney

                      RJOh's avatar - chipmunk
                      mid-Ohio
                      United States
                      Member #9
                      March 24, 2001
                      19894 Posts
                      Offline
                      Posted: April 30, 2012, 10:24 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!

                      Why waste the words if you don't mean them?  Besides, there nothing stopping an individual from spending $248 on a lottery drawing same as 48 people each contributing $5 in a pool but a fear or losing it.

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

                        Avatar

                        United States
                        Member #122691
                        February 6, 2012
                        330 Posts
                        Offline
                        Posted: April 30, 2012, 10:31 pm - IP Logged

                        She did not pay, she did not play, that is it. She was even reminded to pay and play via email and did not. End of story. Maybe she should not have used the money to buy that pack of cigarettes or whatever else. She will most likely try to sue, but I see very little basis for her suit. I can't for the life of me figure out why you would not want to be part of the pool with a large jackpot like $172 million on the line?

                          meetoo's avatar - DiscoBallGlowing
                          Indiana
                          United States
                          Member #124862
                          March 21, 2012
                          41 Posts
                          Offline
                          Posted: April 30, 2012, 10:39 pm - IP Logged

                          Congratulations to them!  This does point out one thing: there needs to be universal winner disclosure publicity levels.  Why should winners in, for example, Deleware, be allowed to remain annonymous when those in other states are forced to reveal their name & city they live in?  If the powerball & megamillions are multi-state, then there should be one winner disclosure level on all states involved in the lotteries...

                           

                          Regarding being anonymous I Agree! but for now I'll purchase my tickets in another state which does allow a person to be anonymous.

                           

                          Congradulation's to the winners. I'd certainly be content with that amount.

                          May You Prosper and be in Health!

                            Avatar
                            new york
                            United States
                            Member #123017
                            February 11, 2012
                            124 Posts
                            Offline
                            Posted: April 30, 2012, 10:42 pm - IP Logged

                            No,I wouldn't.

                            lol sure you wouldnt want $3 million

                              larry3100's avatar - larry icon2.jpg
                              Redwood City,California
                              United States
                              Member #70503
                              February 3, 2009
                              200 Posts
                              Offline
                              Posted: April 30, 2012, 10:46 pm - IP Logged

                              Spokesman,Richard Maloney says "$3 Million is not a whole lot of money"for a young person.Let's say each of the winners gets $1.5 million after taxes.At 4.5 percent interest a year,I think it would be around $60,000.I think I could live with that.And that IT technician lady who opted out.What was she  thinking "I'll think I'll wait until the jackpot gets back to $12 million".Doesn't make a whole lot of sense.When the lottery jackpot gets way over $100 million,that's when you would want to play.Congrats to the 48 transit workers.