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Record Powerball jackpot won by 1 ticket

Topic closed. 233 replies. Last post 3 years ago by jamella724.

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United States
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September 7, 2011
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Posted: May 21, 2013, 6:53 pm - IP Logged

You're fabulous!! Lovies

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    United States
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    Posted: May 21, 2013, 7:00 pm - IP Logged

    If a person decided to give the entire amount to charity the tax bill would be exactly ZERO.

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      Kentucky
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      Member #32652
      February 14, 2006
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      Posted: May 21, 2013, 8:12 pm - IP Logged

      It is a very bold assumption that the winner will pay a full 39% tax.

      They could claim $300 million in lottery losses. Wonder how many shoe boxes it takes to hold $300 million worth of losing tickets?

        pickone4me's avatar - 021414tvlies zpsa453b327.jpg
        Wisconsin
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        Member #104962
        January 23, 2011
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        Posted: May 21, 2013, 8:46 pm - IP Logged

        I'm gonna play my state lotteries from now on,  these   big national ones have awful odds of winning anything.  I bet I'd get hit by lighting, before I would win any amount of money.

          brees2012's avatar - animal whale.jpg

          United States
          Member #125177
          March 26, 2012
          176 Posts
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          Posted: May 21, 2013, 10:03 pm - IP Logged

               Why is it , the Powerball winner has only 60 days to turn in his ticket , In florida they've 180   days...

            redhot7's avatar - SetforLifeLogo
            California
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            June 17, 2011
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            Posted: May 21, 2013, 11:09 pm - IP Logged

                 Why is it , the Powerball winner has only 60 days to turn in his ticket , In florida they've 180   days...


            All Terminal game prizes must be claimed at a Florida Lottery retailer or Florida Lottery district office on or before the 180th day after the winning drawing. .....

            FLORIDA LOTTO, MEGA MILLIONS, POWERBALL and MEGA MONEY jackpot winners who want the Cash Option payment must claim their prizes within the first 60 days after the draw date. If the prize is not claimed within the first 60 days of the redemption period, it will be paid out in annual payments.


            Florida Lottery

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              Chicago
              United States
              Member #105244
              January 27, 2011
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              Posted: May 21, 2013, 11:13 pm - IP Logged

              I'm not speaking of the lottery being rigged in the same way as was done in Pennsylvania.  It's certainly not rigged each and every week for one specific person to win.  It is however rigged so that the prize money is distributed evenly in all regions.  It is rigged to make sure that any one single person does not win multiples of the same prize level from the same drawing.

              You may have won multiple prizes over a period of time by correctly matching 4 of 6 numbers.  Have you ever won multiples of prizes by matching 4 of 6 numbers from the same drawing.  That would imply that you had a level of certainty about playing those numbers.  Which is something "they" will go to great pains to keep from happening.

              As far as my example of demographics is concerned, you are right, that would be a conspiracy, and it is.  Of course nobody will speak up about it, because nobody wants the lottery to be shut down.  The average person does not care whether or not the numbers are drawn randomly.  As long as they have the chance to pay a dollar every day or week for the chance of being one of the lucky people in the right place at the right time.

              Let's talk about odds for a minute.  Isn't it odd that every week a combination of numbers that nobody in the pool of players would ever think of picking is drawn.  Why is it that a combination that many people have played is never drawn?  The odds are the same that any combination could be picked, thus making the odds the same that few people would pick the winning numbers as the odds that many people would.  Why is it always that few people do?  Not because the odds are against it.  The odds are the same.

              The real odds we speak of are the odds dictated by those running the lottery.  Sure we can review a history of the drawings.  But I'm asserting that we're reviewing a history of drawings that are not random.

              Draw six cards from a deck.  Have 1 million people guess at what 6 numbers were drawn.  Is it probable that only a handful of people were even close to being correct?   It's just as probable that many many people were very close.  Is it very probable that only 1 person in 3 million guessed the exact combination? It's just as probable that 500 people guessed the exact combination.   In a random drawing there are no probabilities.  Every thing  and anything has exactly the same odds of happening.  So how is it that each and every week, after a so called random lottery drawing, the same thing happens.  Few people win anything.  Why is it that many people never win something, when the odds of that happening are exactly the same?

              It's been said to me by someone the the MUSL(Powerball) that they have 40 accounting firms on hand to review each and every drawing making certain there is no foul play.  He also said "I know it's hard to prove the drawings are random, but they are." Yet there is one simple easy way to ensure the drawings are random.  Take the handling of the drawing out of the the hands of those running the lottery.  Put it in the hands of people not associated as organizers or players of the lottery.  Hire an independent firm to not just analyze and oversee, but to control the drawings.  A firm that has no access to the lotteries computer information of what combinations have been played where, and how often.

              Just let them turn the machine on and pick some balls. I guarantee you'll see a significant increase and just as probable decrease in the payout and distribution of prizes. Do I just sound like a disgruntled player that is mad because I never win?  Well I've picked 4 of 6 in a 6/48, 3 times in the last 7 years, and 4 of 5/36 in the last 2 months.  I spend about $10 dollars a week on the lottery.  I'm not mad that I don't win.  I'm mad that the chances of me winning are not a matter of randomness, but a matter of controlled distribution to random people in designated areas.

              Perhaps it cannot be guaranteed who exactly will have the right numbers, but it is guaranteed that it will be someone in an area that the lottery people decide.

              This may be the most incisive post I have read about the rigging that occurs in lotteries.  I should add that I think the lottery management can actively intervene to preclude a winning for any draw.  For example, the Illinois lottery has changed markedly in the last 3 years or so that it has been on private management. 

              For example Lotto Illinois used to a game in which there was an amost guranteed winner every week.  It was a popular game costing only 50 cts a panel. with a minimum wager of 2 panels. These days, Lotto Illinois is in perpetual roll-over, often going 10 or so draws without a winner. 

              I miss the old days when one had a fair shot at winning.   I resent the present arrangement where you play and someone, not the game, decides If there will be a winner

                brees2012's avatar - animal whale.jpg

                United States
                Member #125177
                March 26, 2012
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                Posted: May 21, 2013, 11:27 pm - IP Logged


                All Terminal game prizes must be claimed at a Florida Lottery retailer or Florida Lottery district office on or before the 180th day after the winning drawing. .....

                FLORIDA LOTTO, MEGA MILLIONS, POWERBALL and MEGA MONEY jackpot winners who want the Cash Option payment must claim their prizes within the first 60 days after the draw date. If the prize is not claimed within the first 60 days of the redemption period, it will be paid out in annual payments.


                Florida Lottery

                        Thank You .............Redhot7

                  Jill34786's avatar - Lottery-006.jpg
                  Windermere, FL/Franklin, TN
                  United States
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                  March 1, 2007
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                  Posted: May 22, 2013, 12:04 am - IP Logged

                  It is a very bold assumption that the winner will pay a full 39% tax.

                  If the winner(s) decide to bypass tax and legal advice, then paying 39.6% might be a reality. Mitigating millions in possible deductions doesn't come easy but I will assume that a few here at LP feel they can take on the IRS without the need for any professional help.

                  A very generous individual could donate ALL their winnings to charity and actually get a refund back from the IRS...I think it's safe to say it won't be happening anytime soon.

                  ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                    Jill34786's avatar - Lottery-006.jpg
                    Windermere, FL/Franklin, TN
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                    Posted: May 22, 2013, 12:08 am - IP Logged

                    They could claim $300 million in lottery losses. Wonder how many shoe boxes it takes to hold $300 million worth of losing tickets?

                    If they were able to claim $300 million in lottery losses, then they would have an even greater problem....explaining to the IRS how they came up with that much money to begin withEek

                    ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                      redhot7's avatar - SetforLifeLogo
                      California
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                      Posted: May 22, 2013, 1:05 am - IP Logged

                      If they were able to claim $300 million in lottery losses, then they would have an even greater problem....explaining to the IRS how they came up with that much money to begin withEek

                      They don't have to explain anything. They could just invoke the fifth

                        rdgrnr's avatar - walt
                        Way back up in them dadgum hills, son!
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                        Posted: May 22, 2013, 1:36 am - IP Logged

                        They don't have to explain anything. They could just invoke the fifth

                        Zinnnnngg!!!

                        Good zinger!  Thumbs Up

                        She did nothing wrong but she's gonna plead the 5th anyway just cuz she doesn't feel like talking about it. Now she'll get another big bonus and a raise and be promoted and put in charge of another agency! Life is good when you have friends in high places.

                          Jill34786's avatar - Lottery-006.jpg
                          Windermere, FL/Franklin, TN
                          United States
                          Member #50210
                          March 1, 2007
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                          Posted: May 22, 2013, 1:38 am - IP Logged

                          They don't have to explain anything. They could just invoke the fifth

                          The IRS would invoke the fifth if asked to testify about their activities but they would raid our home, freeze our assets,throw us in jail before asking questions.

                          ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                            rock_nc's avatar - Lottery-017.jpg
                            small town USA
                            United States
                            Member #2481
                            October 8, 2003
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                            Posted: May 22, 2013, 8:54 am - IP Logged

                            The IRS would invoke the fifth if asked to testify about their activities but they would raid our home, freeze our assets,throw us in jail before asking questions.

                            Who can you trust these days! Not even our own GOVERNMENT!! Not even the rule of Law!! We each live in our little world, with our Family and Friends, we don't know what's going on up in the White House, all these scandals, what else is going to happen! I know this was the first time in 3 years, I didn't have to pay in taxes. Got a little back! So I'm thinking, I'm kinda glad I didn't win that money. Look at all the problems you will have with that much money! People would want to kidnap you or your kids. So many people wanting a piece of it. What a big change it would be to your life and to your family lives too. Look at what happen in Oklahoma, their life has changed in a matter of minutes. Family members would get mad if you just give them like 50,000 thousand dollars each, they would be expecting more than that! Read a post the other day about people who won the lottery and now they are all broke. Jack Whittker would be a good example of this. After reading these post on how much you will have to pay in Taxes and Health care tax, plus have to pay a tax on being rich! Nope!! Just a little small win would be ok with me!! Just enough to get by for the rest of my life. I would say a million dollars would do it for me! Really don't need all that lavish life style, 4 or 5 home scatter all across America! A bunch of fancy cars!! nope not me! Just enough to get by!!


                              United States
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                              Posted: May 22, 2013, 10:02 am - IP Logged

                              If they were able to claim $300 million in lottery losses, then they would have an even greater problem....explaining to the IRS how they came up with that much money to begin withEek

                              Another really stupid assumption Jill. I think its reasonable to believe that anyone who is smart enough to come up with $300 million in losing tickets is smart enough to realize that they will need to explain where they got them. Besides that I think the whole point of NOT paying 39% tax went right over your head.

                                 
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