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$325 MILLION: Powerball lottery jackpot goes through the roof

Topic closed. 161 replies. Last post 4 years ago by LottoBoner.

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Original Bey's avatar - Lottery-022.jpg

Bahamas
Member #133462
September 30, 2012
5946 Posts
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Posted: November 24, 2012, 9:36 am - IP Logged

I have LONG AGO.....ok......will take your word for it

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"Everything works  ONCE!"

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    New Member

    United States
    Member #135236
    November 19, 2012
    12 Posts
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    Posted: November 24, 2012, 10:23 am - IP Logged

     Why do people get all excited when the jackpot gets high? the default powerball jackpot is around 18 million after taxes. Unless your already rich, wouldn't that do the same for your quality of life as a 100+ million jackpot? Shouldn't people be this excited for every jackpot then? I'm assuming those who play the lottery are not well off, hence the reason your playing the lottery. If you're already broke right now then wouldn't the prospect of winning 18 million be just as exciting as winning 100 million? that means if someone hits this drawing you should be just as excited for the next drawing as this one.

      Original Bey's avatar - Lottery-022.jpg

      Bahamas
      Member #133462
      September 30, 2012
      5946 Posts
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      Posted: November 24, 2012, 10:28 am - IP Logged

       Why do people get all excited when the jackpot gets high? the default powerball jackpot is around 18 million after taxes. Unless your already rich, wouldn't that do the same for your quality of life as a 100+ million jackpot? Shouldn't people be this excited for every jackpot then? I'm assuming those who play the lottery are not well off, hence the reason your playing the lottery. If you're already broke right now then wouldn't the prospect of winning 18 million be just as exciting as winning 100 million? that means if someone hits this drawing you should be just as excited for the next drawing as this one.

      I smile at cute ladies and drool at super models. Get it?

      "Everything works  ONCE!"

        Cletu$2's avatar - Lottery-050.jpg
        S.E.Iowa
        United States
        Member #120504
        December 21, 2011
        534 Posts
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        Posted: November 24, 2012, 10:31 am - IP Logged

         Why do people get all excited when the jackpot gets high? the default powerball jackpot is around 18 million after taxes. Unless your already rich, wouldn't that do the same for your quality of life as a 100+ million jackpot? Shouldn't people be this excited for every jackpot then? I'm assuming those who play the lottery are not well off, hence the reason your playing the lottery. If you're already broke right now then wouldn't the prospect of winning 18 million be just as exciting as winning 100 million? that means if someone hits this drawing you should be just as excited for the next drawing as this one.

        If the prospect of winning 212 million dollars cash doesn't excite you,you must be DEAD!

        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

          whiteballz's avatar - Lottery-015.jpg
          Nutley, New Jersey
          United States
          Member #131058
          August 1, 2012
          875 Posts
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          Posted: November 24, 2012, 11:31 am - IP Logged

           Why do people get all excited when the jackpot gets high? the default powerball jackpot is around 18 million after taxes. Unless your already rich, wouldn't that do the same for your quality of life as a 100+ million jackpot? Shouldn't people be this excited for every jackpot then? I'm assuming those who play the lottery are not well off, hence the reason your playing the lottery. If you're already broke right now then wouldn't the prospect of winning 18 million be just as exciting as winning 100 million? that means if someone hits this drawing you should be just as excited for the next drawing as this one.

          The default powerball jackpot is already around 18 million after taxes. It's 40 million starting jackpot for the annuity option, roughly 30 mil for the cash option, then take into account federal and state taxes and that takes you to around 18 million.

          As far as being excited for every jackpot, keep in mind each ticket is $2 and the chances for matching 5+ mega in the current powerball matrix is astronomically high against you. The jackpot needs to be over $150 million for most people to get excited.

          Personally, if there was a 6/48 lottery with $1 tickets and the jackpot was $18 million after taxes, I'd be very very excited. It's all about price/risk vs rewards.

          .

            Marconis's avatar - tumblr ll2xh5PKG51qaktw9o1_400.jpg
            New Member
            Queens, NYC
            United States
            Member #131547
            August 13, 2012
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            Posted: November 24, 2012, 11:57 am - IP Logged

             Why do people get all excited when the jackpot gets high? the default powerball jackpot is around 18 million after taxes. Unless your already rich, wouldn't that do the same for your quality of life as a 100+ million jackpot? Shouldn't people be this excited for every jackpot then? I'm assuming those who play the lottery are not well off, hence the reason your playing the lottery. If you're already broke right now then wouldn't the prospect of winning 18 million be just as exciting as winning 100 million? that means if someone hits this drawing you should be just as excited for the next drawing as this one.

            To me, the prospect of winning 100+ million is more exciting than winning 18 million simply due to the fact that it just looks pretty. Sure, quality of life for me would be exactly the same if I won either amount, but the thought of having so much money that I wouldn't know what to do with myself is incredibly exciting. Also, I'm very frugal with my money, so having the greater jackpot would make me feel less guilty about buying some luxuries that would "break the bank". And that's the point; it's very hard to break the bank winning $300 mil if you have some brains.

              zinniagirl's avatar - flower avatar_0026.jpg
              nc
              United States
              Member #99520
              October 26, 2010
              375 Posts
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              Posted: November 24, 2012, 12:18 pm - IP Logged

              My neighbor was showing me his tickets for tonights drawing.   They were bought in two states and all seem to be one low number and all the rest above 30.   Makes me think that low numbers may win tonight!

                Uff Da!'s avatar - InCelebration 001.jpg
                Washington State
                United States
                Member #33973
                February 26, 2006
                347 Posts
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                Posted: November 24, 2012, 12:37 pm - IP Logged

                 Why do people get all excited when the jackpot gets high? the default powerball jackpot is around 18 million after taxes. Unless your already rich, wouldn't that do the same for your quality of life as a 100+ million jackpot? Shouldn't people be this excited for every jackpot then? I'm assuming those who play the lottery are not well off, hence the reason your playing the lottery. If you're already broke right now then wouldn't the prospect of winning 18 million be just as exciting as winning 100 million? that means if someone hits this drawing you should be just as excited for the next drawing as this one.

                The prospect of winning more than 100 million is more exciting to me than 18 million, as with the former I could afford to gift large amounts to more than a dozen relatives, even after paying Uncle Sam's gift taxes. I'd love to be able to set up a trust with enough principal to generate more than $50,000 a year income for EACH of my relatives for their lifetimes.  In addition, with the larger amount I could donate millions to the charities I support while still being able to maintain as luxurious a lifestyle as I might choose in the years I have left.

                  Cletu$2's avatar - Lottery-050.jpg
                  S.E.Iowa
                  United States
                  Member #120504
                  December 21, 2011
                  534 Posts
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                  Posted: November 24, 2012, 1:28 pm - IP Logged

                  The prospect of winning more than 100 million is more exciting to me than 18 million, as with the former I could afford to gift large amounts to more than a dozen relatives, even after paying Uncle Sam's gift taxes. I'd love to be able to set up a trust with enough principal to generate more than $50,000 a year income for EACH of my relatives for their lifetimes.  In addition, with the larger amount I could donate millions to the charities I support while still being able to maintain as luxurious a lifestyle as I might choose in the years I have left.

                  Sounds like a good plan,to me.

                  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

                    steph219121's avatar - Lottery-029.jpg
                    Dayton OH
                    United States
                    Member #124697
                    March 18, 2012
                    251 Posts
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                    Posted: November 24, 2012, 3:34 pm - IP Logged

                    Come on OHIO it is our time!

                    Lucky Lady O-H-I-O

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                      United States
                      Member #130036
                      July 4, 2012
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                      Posted: November 24, 2012, 4:40 pm - IP Logged

                      Anybody know when was the last time Texas won Powerball first jackpot? It feels to me like it's bout time Texas gets a win. Group Hug

                        Piaceri's avatar - sarsony1
                        Republic of Texas
                        United States
                        Member #57557
                        January 9, 2008
                        1095 Posts
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                        Posted: November 24, 2012, 4:42 pm - IP Logged

                        The prospect of winning more than 100 million is more exciting to me than 18 million, as with the former I could afford to gift large amounts to more than a dozen relatives, even after paying Uncle Sam's gift taxes. I'd love to be able to set up a trust with enough principal to generate more than $50,000 a year income for EACH of my relatives for their lifetimes.  In addition, with the larger amount I could donate millions to the charities I support while still being able to maintain as luxurious a lifestyle as I might choose in the years I have left.

                        That's exactly it. I can set my kids, my parents, my sisters, and niece & nephew up real nice, and still have plenty left over after Uncle Sam takes his fair share in income tax, then more than his fair share in gift taxes on money that's already been taxed. I can still give a good bit to charity right off the bat, and later in my estate. At $18m, that's a stretch. At $100m, that's the whole cake.

                        But I'd not sneeze at an $18m jackpot either. State lottery is $6m cash before tax, and I'd be excited at that, too. Just not as much as $100m+.

                        So, let's partaaaayyyyyy!!!!!!

                         

                        PartyDancePartyBananaPartyHyperParty     White Bounce

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                        singlewinnersinglewinnersinglewinner   

                          Piaceri's avatar - sarsony1
                          Republic of Texas
                          United States
                          Member #57557
                          January 9, 2008
                          1095 Posts
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                          Posted: November 24, 2012, 4:44 pm - IP Logged

                          Anybody know when was the last time Texas won Powerball first jackpot? It feels to me like it's bout time Texas gets a win. Group Hug

                          Texas has not won PB jackpot to my knowledge. 2nd place several times, including several times recently. I'm hoping it's a warmup to a jackpot win! See Ya!

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                          singlewinnersinglewinnersinglewinner   

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                            United States
                            Member #130036
                            July 4, 2012
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                            Posted: November 24, 2012, 4:46 pm - IP Logged

                            Texas has not won PB jackpot to my knowledge. 2nd place several times, including several times recently. I'm hoping it's a warmup to a jackpot win! See Ya!

                            It gotta be Texas tonight... Good luck!

                              Piaceri's avatar - sarsony1
                              Republic of Texas
                              United States
                              Member #57557
                              January 9, 2008
                              1095 Posts
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                              Posted: November 24, 2012, 4:49 pm - IP Logged

                              It gotta be Texas tonight... Good luck!

                              I agree! Texas tonight!  Good luck to you, too! Dance

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                              singlewinnersinglewinnersinglewinner   

                                 
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