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$600 MILLION: Biggest Powerball jackpot ever

Topic closed. 294 replies. Last post 3 years ago by jamella724.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
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Posted: May 17, 2013, 9:39 pm - IP Logged

i needed to catch a bus, so asked for 1 ticket, the clerk thought i meant lotto,  said i have to buy it now as they cant be cancelled, and what do you know! I won. I NEVER buy lotto, it breeds indolence.

2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297


    United States
    Member #135920
    November 30, 2012
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    Posted: May 17, 2013, 9:43 pm - IP Logged

    I have the golden ticket in my shoebox...Thumbs Up

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
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      April 28, 2009
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      Posted: May 17, 2013, 10:15 pm - IP Logged

      i needed to catch a bus, so asked for 1 ticket, the clerk thought i meant lotto,  said i have to buy it now as they cant be cancelled, and what do you know! I won. I NEVER buy lotto, it breeds indolence.

      Congrats goose! Was it the jackpot?

        golfer1960's avatar - Lottery-003.jpg
        Eatontown, NJ
        United States
        Member #119670
        November 29, 2011
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        Posted: May 17, 2013, 10:34 pm - IP Logged

        The PB annuity value will have to exceed $750 million if it wants to break the cash value that MM has at $471 million.

        You're my girl!

          golfer1960's avatar - Lottery-003.jpg
          Eatontown, NJ
          United States
          Member #119670
          November 29, 2011
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          Posted: May 17, 2013, 10:38 pm - IP Logged

          The Federal tax obligation alone is almost $150 million! some folks out there will still think that is not enough of their fair share.

          Our beloved Government will burn through that amount in 20 minutes.

          Sho you right!

            golfer1960's avatar - Lottery-003.jpg
            Eatontown, NJ
            United States
            Member #119670
            November 29, 2011
            740 Posts
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            Posted: May 17, 2013, 10:59 pm - IP Logged

            It's gonna be really difficult to get some sleep tonight...

             

            dreaming of money

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              Hollywood, fl
              United States
              Member #140096
              March 10, 2013
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              Posted: May 17, 2013, 11:17 pm - IP Logged

              I wish there was a way to find out the combos that have not been played yet so that I can play some of them

                brees2012's avatar - animal whale.jpg

                United States
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                March 26, 2012
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                Posted: May 17, 2013, 11:21 pm - IP Logged

                            Cash .............in my state is says .......payout $263,815,000     Does that mean how much 

                            a person will recieve ?  Do they give you a small check when you turn in your ticket ?

                            How long does it take ? What is the procedure ?  thank you       

                  Teddi's avatar - Lottery-008.jpg

                  United States
                  Member #142499
                  May 13, 2013
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                  Posted: May 17, 2013, 11:48 pm - IP Logged

                              Cash .............in my state is says .......payout $263,815,000     Does that mean how much 

                              a person will recieve ?  Do they give you a small check when you turn in your ticket ?

                              How long does it take ? What is the procedure ?  thank you       

                  Hi brees. I don't know what state you're in so I'll tell you the best way to figure it out. 

                  The money you receive from a jackpot payment, isn't entirely yours. They take 25% of federal taxes right away, but what you'll really owe is a total of 39.6%, so it's best to calculate what that extra 14.6% is, subtract that amount, put it aside as you'll owe it later. If you're in a state that doesn't tax you, then the 39.6% is all the taxes you'll owe on the jackpot. 

                  Once they've verified your information, they'll deposit the funds in an account you provide or forward you a physical check (do they still send physical JP checks?) that takes about 3 weeks or so to hit your account. 

                  If you need money to tide you over until then, you can get a loan against the jp, either before or after you come forward. It's best to get the loan ahead of time, IMO.

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                    NY
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                    October 16, 2005
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                    Posted: May 18, 2013, 12:08 am - IP Logged

                    I agree, I think it'll be at $700M or close to it by tomorrow night. I think people will be borrowing money and clearing out their checking accounts to buy as many tickets as they can. Seems it's jumping ~$100M per day, so why not $700 tomorrow night, unless everyone is broke by tomorrow. Which is possible at this rate of ticket sales. 

                    I don't know what will happen if it rolls over. People will lose their minds.

                    "why not $700 tomorrow night"

                    The increase in what they advertise doesn't mean they've actually sold those tickets already. It only means the sales so far have let them make a more accurate estimate. I'm guessing they also deliberately lowball it a bit when it gets to this level, so they can generate even more hype when they do bump up the total.

                    Figuring they knew the original estmate was low, we've seen an increase of $75 million followed by an increase of $50 million. I'd bet on an increase to $625 by early afternoon, followed by a modest adjustment at drawing time.

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                      NY
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                      Posted: May 18, 2013, 12:14 am - IP Logged

                      I think given the rapid sales, it is likely that all possible number combinations will have been sold thus guaranteering that it will hit tomorrow.

                      It's virtually impossible to sell all of the possible combinations. Once they've sold 90% there's only 1 unused combination for every 10 tickets sold. At the very end, when there's only 1 unused combination left there's only a 1 in 175 million chance it wil turn up each time another ticket is sold. That means that we should expect that finally using that single combination would require selling 175 million tickets.

                      Assuming the final tally is about $650 milion they will have sold about 300 million tickets. That will use about 75% of the combinations, and a 25% chance of another roll.

                        helpmewin's avatar - dandy
                        u$a
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                        Posted: May 18, 2013, 12:40 am - IP Logged

                        It's gonna be really difficult to get some sleep tonight...

                         

                        dreaming of money

                        Green laugh

                        Let it Snow Snowman

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                          Elgin, IL
                          United States
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                          July 2, 2010
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                          Posted: May 18, 2013, 1:21 am - IP Logged

                          Every time there is a Hugh JP the media interviews Richard Lustig and he gives the same old advice. I don't think he ever won a huge MM or PB jackpot,  but hell he's lucky than most. My mother bought a ticket yesterday, but I'm going to buy one today. If we win I will definitely have a Joker smile for life.Jester

                            redhot7's avatar - SetforLifeLogo
                            California
                            United States
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                            June 17, 2011
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                            Posted: May 18, 2013, 1:39 am - IP Logged

                            Have you noticed just how little media attention is with the 600 million dollars jackpot? The attention is a far cry from 656 million MM jackpot last year.
                            Moreover, there was no line when I bought a ticket in my location today.

                            I have a feeling that once a record jackpot was reached, it would take another record to get media attention. If the jackpot rolls over and reaches 1 billion dollars, then the media would be all over it.

                              Teddi's avatar - Lottery-008.jpg

                              United States
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                              May 13, 2013
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                              Posted: May 18, 2013, 1:41 am - IP Logged

                              Every time there is a Hugh JP the media interviews Richard Lustig and he gives the same old advice. I don't think he ever won a huge MM or PB jackpot,  but hell he's lucky than most. My mother bought a ticket yesterday, but I'm going to buy one today. If we win I will definitely have a Joker smile for life.Jester

                              That guy is nothing but a modern day snake oil salesman. System my a(s)s. If his system was all that effective he'd have won more than $1M by now and disclose how much he spends on tickets. His number of wins isn't that impressive to me without knowing the stats. Fine, he won 7 times, how much did he spend to get that? Especially since so many of the wins are $25k. And why hasn't he won any more since. He's been at 7 wins for years now. 

                              What he's really selling is his book, not useful information. His book is where he's making the money. Someone may sue him soon because I have yet to read of any winner thanking him for helping them win.

                                 
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