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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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helpmewin's avatar - dandy
u$a
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Posted: May 19, 2013, 4:28 pm - IP Logged

When it comes to things like getting my vehicle repaired I totally agree. They have the shop, tools, and expertise to get it done fast, so even though I could do it myself I take it to them. Financial advisors no.

i like washing my own car Looks good Big Grinclean

Let it Snow Snowman

    scarchelli's avatar - 1zwkm5v
    hinsdale, il
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    Posted: May 19, 2013, 4:32 pm - IP Logged

    Lol no offense to anyone here but ur talking about not getting fimancial advice from an expert but u religiously play the lottery...well play at least enough that u have an account here.  Know it alls are funny.

      helpmewin's avatar - dandy
      u$a
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      Posted: May 19, 2013, 4:38 pm - IP Logged

      Lol no offense to anyone here but ur talking about not getting fimancial advice from an expert but u religiously play the lottery...well play at least enough that u have an account here.  Know it alls are funny.

      Thanks for the fimancial adviceDance

      Let it Snow Snowman

        fwlawrence's avatar - Yavill
        Austin
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        Posted: May 19, 2013, 4:38 pm - IP Logged

        lol Jill. You can't be logical with the ones who consider themselves smarter than every attorney and financial advisor.

        The sign of an intelligent person is that they believe there are others who know more than they do in certain areas.

        It's not about being smarter. It's about being honest. A lot of attorneys and financial advisers put themselves first. When I win, I will avoid those two groups!

          Jill34786's avatar - Lottery-006.jpg
          Windermere, FL/Franklin, TN
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          Posted: May 19, 2013, 4:42 pm - IP Logged

          Ok yeah, I really need to be a financial genius to buy a piece of land or put some money in a mutual fund. And oh yeah, if I wanted an annuity I would certainly need the state of AZ to get it for me. Green laugh

          As you had mentioned in a previous post, buying dirt and getting 1000 times your original investment is certainly worth while. Not having to worry about expenses such as developing the land, zoning, installing roadways and utilities makes it quite pleasant.

          Only the uninformed would hire project managers and contractors since that would be a waste of money. An intelligent individual such as yourself could easily handle all the workload without the need for any so-called expert.

            Artist77's avatar - batman14

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            Posted: May 19, 2013, 4:52 pm - IP Logged

            As you had mentioned in a previous post, buying dirt and getting 1000 times your original investment is certainly worth while. Not having to worry about expenses such as developing the land, zoning, installing roadways and utilities makes it quite pleasant.

            Only the uninformed would hire project managers and contractors since that would be a waste of money. An intelligent individual such as yourself could easily handle all the workload without the need for any so-called expert.

            lol Hurray!

            J'aime La France.

              Jill34786's avatar - Lottery-006.jpg
              Windermere, FL/Franklin, TN
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              Posted: May 19, 2013, 4:55 pm - IP Logged

              It's not about being smarter. It's about being honest. A lot of attorneys and financial advisers put themselves first. When I win, I will avoid those two groups!

              Unfortunately there are many professionals who lack integrity. Many attorneys and those in finance are part of that group.

              It is best to do your homework prior to retaining either one to help you with your needs.

                Artist77's avatar - batman14

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                Posted: May 19, 2013, 4:58 pm - IP Logged

                Unfortunately there are many professionals who lack integrity. Many attorneys and those in finance are part of that group.

                It is best to do your homework prior to retaining either one to help you with your needs.

                Amen. And go to an attorney with expertise in that field. You can easily check an attorney's bar status online in most if not all states(disciplinary history as well) etc. and google them.

                J'aime La France.

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                  Kentucky
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                  Posted: May 19, 2013, 5:30 pm - IP Logged

                  You're absolutely correct if the winner has no other intention other than to spend their winnings.

                  Growing your wealth while minimizing your tax obligations is  just plain boring and frowned upon by most as a waste of money. Lottery winners have gotten by before they won so why would they even want advice from any attorney or financial advisor.

                  You're missing the most important part of the equation; there is nothing to invest before the ticket is validated and that can only be done at lottery headquarters. With the size of this jackpot, it will take 2, 3, or more weeks before a check can be issued and in most states the winner has a period of time to decide cash or payments. What is the necessity of planning a financial strategy that must be done before the ticket is validated?

                  Any advice from lawyers depends on how complicated the winner wants to make it. If they take the cash, the lottery will deduct 25% for Federal taxes regardless if it's a lawyer or a brother-in-law objecting.

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                    baton rouge
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                    Posted: May 19, 2013, 5:42 pm - IP Logged

                    Single winning Powerball lottery ticket sold in Florida

                    Final jackpot total of $590.5 million is largest prize won by a single ticket

                    How would you react if you won?

                    • Updated 8:33 am with winning location and other details
                    • Updated May 20 at 3:47 pm with the jackpot's cash value

                    By Todd Northrop

                    The largest Powerball lottery jackpot in game history has been won Saturday night by a single ticket sold in the state of Florida.

                    The record $590.5 million Powerball jackpot, which is the second-largest of any lottery game in history, started as a $40 million prize on April 3, 2013, and continued accumulating prize money for 13 consecutive drawings, until it was finally won Saturday.

                    On Friday the game's organizer pegged the jackpot estimate at $600 million, but the actual total fell a bit short of that number.  Still, it was enough to secure second place on the list of all-time highest lottery jackpots, and the top Powerball jackpot in history.

                    After all the proceeds were counted, the final lump-sum cash value of the jackpot stood at $370.9 million.

                    The Powerball winning numbers for Saturday, May 18, 2013, were 10, 13, 14, 22, and 52, with Powerball number 11.

                    The big winner undoubtedly will get very little sleep Saturday night, as they try to process winning the Powerball's largest lottery jackpot ever.

                    Is the winner running around the house screaming?  Are they calling their family?  Or maybe calling their boss to quit their job?  What are they planning to do with all that loot?

                    What is the first thing you would do?

                    The winning ticket was sold at a Publix supermarket in Zephyrhills, Fla., according to Florida Lottery executive Cindy O'Connell.  Zephyrhills is a suburb of Tampa.

                    "This would be the sixth Florida Powerball winner and right now, it's the sole winner of the largest ever Powerball jackpot," O'Connell told AP. "We're delighted right now that we have the sole winner."

                    She said Florida has had more Powerball winners than any other state.

                    The winner was not immediately identified publicly and O'Connell did not give any indication just hours after Saturday's drawing whether anyone had already stepped forward with that winning ticket.

                    With four out of every five possible combinations of Powerball numbers in play, lottery executives said earlier that someone was almost certain to win the game's highest jackpot, a windfall of hundreds of millions of dollars — and that's after taxes.

                    Fortunately, even if you didn't win the jackpot, the Powerball game still offers another 8 ways to win lower-tier prizes.

                    In addition to the jackpot winner, a whopping 35 lucky players matched the first 5 numbers, but not the Powerball, for a $1,000,000 prize: 2 from Arizona, 2 from California, 1 from Connecticut, 2 from Florida, 2 from Georgia, 2 from Kentucky, 1 from Louisiana, 2 from Missouri, 2 from New Hampshire, 3 from New Jersey, 7 from New York, 2 from Pennsylvania, 1 from South Carolina, 1 from Tennessee, 1 from Texas, 1 from Virginia, 1 from Washington, and 2 from Wisconsin.

                    The 2 California second-prize winners will each be awarded $2,309,228, because California does not award fixed prizes. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.

                    Of all the second-prize winners, only two of the tickets — one of the tickets sold in New York and the South Carolina ticket — were purchased with the Power Play option for an extra $1.  Because they purchased the Power Play, those two tickets are now worth $2 million.

                    Power Play is not available in California, because the fixed nature of the prize increase offered in Power Play is not compatible with California's pari-mutuel payouts.

                    355 tickets matched four white numbers plus the Powerball and won $10,000.  Of those tickets, 30 were purchased with the Power Play option, increasing the prize to $40,000, and 41 of the tickets were sold in California, where the prize was worth $8,945 this drawing.

                    The jackpot for the Wednesday Powerball drawing is reset to $40 million.

                    Powerball is now played in 43 states, plus the District of Columbia and the U.S. Virgin Islands. Drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Time. Tickets cost $2 each.

                    A 44th Powerball state will be added some time in the next year, as the state of Wyoming has approved a new state lottery with the intention of joining Powerball and other multi-state lottery games. (See Wyoming officially becomes 44th state with a lottery, Lottery Post, Mar. 14, 2013.)

                    Powerball lottery results are published within minutes of the drawing at USA Mega (www.usamega.com). The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Powerball.

                    Todd

                    Can you tell us how much money was put into this powerball lottery whose drawing was held on saturday 5/18/2013

                    and how the tickets were bought from different states and how many folks from overseas also bought tickets for the powerball.

                    It will be interesting to know the money flowed into buying the powerball lottery and it was spent, thw winner, states and the lottery promoters made.

                    I bought 5 tickets for this game from Missouri.

                    thanks and hope to hear from and MUSL

                    hsg

                     

                    US Flag Lurking No Pity!

                      scarchelli's avatar - 1zwkm5v
                      hinsdale, il
                      United States
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                      Posted: May 19, 2013, 5:56 pm - IP Logged

                      You're missing the most important part of the equation; there is nothing to invest before the ticket is validated and that can only be done at lottery headquarters. With the size of this jackpot, it will take 2, 3, or more weeks before a check can be issued and in most states the winner has a period of time to decide cash or payments. What is the necessity of planning a financial strategy that must be done before the ticket is validated?

                      Any advice from lawyers depends on how complicated the winner wants to make it. If they take the cash, the lottery will deduct 25% for Federal taxes regardless if it's a lawyer or a brother-in-law objecting.

                      Yes that is so true, you should definitely go cash in the winning ticket and meet the press and do all that stuff THEN meet a llawyer....sarcasm.

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                        Kentucky
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                        Posted: May 19, 2013, 6:23 pm - IP Logged

                        Todd

                        Can you tell us how much money was put into this powerball lottery whose drawing was held on saturday 5/18/2013

                        and how the tickets were bought from different states and how many folks from overseas also bought tickets for the powerball.

                        It will be interesting to know the money flowed into buying the powerball lottery and it was spent, thw winner, states and the lottery promoters made.

                        I bought 5 tickets for this game from Missouri.

                        thanks and hope to hear from and MUSL

                        hsg

                         

                        US Flag Lurking No Pity!

                        The prize distribution can be found on http://www.usamega.com/powerball-drawing.asp?d=5/18/2013 and I found one source with $464,536,548 in total sales with another $21,597,123bet on PowerPlay. There is no overseas sales and no record of how many tickets were bought for overseas players.

                        To find the total sales for the last run, divide the cash value by the percentage that goes towards the jackpot.


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                          May 19, 2013
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                          Posted: May 19, 2013, 6:32 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.

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                            Kentucky
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                            Posted: May 19, 2013, 6:33 pm - IP Logged

                            Yes that is so true, you should definitely go cash in the winning ticket and meet the press and do all that stuff THEN meet a llawyer....sarcasm.

                            The complications I'm talking about are forming trusts or other complicated stuff when a lawyer is needed. I thought it was obvious if a winner wants to claim his winning with a trust, a lawyer is necessary.  Without any complications, why do you need a lawyer?


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                              Posted: May 19, 2013, 6:40 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.

                              Welcome to LP alien.

                                 
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