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$344 MILLION: Mega Millions lottery jackpot skyrockets

Topic closed. 102 replies. Last post 3 years ago by rdgrnr.

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DC81's avatar - batman39
MI
United States
Member #54830
August 31, 2007
985 Posts
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Posted: December 9, 2013, 5:51 pm - IP Logged

wow . someone's live will change tom  . night . 

goodluck everyone .

Considering how few combinations were likely used last drawing, I doubt sales are going to explode to the point where at least half of them are used up so, probably not.

You can't predict random.

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    Sacramento, CA
    United States
    Member #142454
    May 12, 2013
    66 Posts
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    Posted: December 9, 2013, 9:46 pm - IP Logged

    There's nothing* to prevent you from taking your cash and using a chunk to but an annuity on your own.

     

    * Unless you're younger than 40-45; then you'll have a doozy of a time finding someone to sell you an annuity if you're 'too' young. Even a 40 year old would be pretty limited on options.

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      United States
      Member #138675
      February 3, 2013
      48 Posts
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      Posted: December 10, 2013, 12:13 am - IP Logged

      What is the Deal with These People Not Spending the extra ONE DOLLAR for MEGA PLAY???? Congrats to them but COME ON!!!!! Remember people, the jackpot odds are through the roof, so it makes sense to hedge for the maximum amount second/third/fourth place prize. Get it together people!!! hahahaha

      I am playing four combinations with four different golden numbers and no.3  delivered back-to-back wins last week i.e. Tuesday and Friday. The Mega is where to be. Thank God the Mega golden balls were drastically reduced!!!

        Avatar

        United States
        Member #138675
        February 3, 2013
        48 Posts
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        Posted: December 10, 2013, 12:37 am - IP Logged

        I Agree! I am boycotting by spending $1 per draw. With these astronomical odds I rather spend my money on Florida Lottery Games such as Fantasy 5, Mega Money and Lotto which have better odds.

        Yes, I too like Fantasy 5 in which I have won several times. I am playing $2 per draw at the Mega. So far I have won at three instances since the new Mega Matrix was introduced. I haven't won in our local Arizona Pick since around June/July of last year and yet we are often told that the odds of winning in the state lottos are far better than in the national/international lottos such as Powerball and Megamillions. That may not be true with every individual that regularly participates in the state lottos.

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          United States
          Member #138675
          February 3, 2013
          48 Posts
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          Posted: December 10, 2013, 12:41 am - IP Logged

          Looks like it will jump to 4th largest jackpot ever if not hit Tuesday.......!!!! 

           

          I am ready for a win!  Florida has not ever won a MM Jackpot, I will accept on their behalf!!

          I will be willing to accept one for Arizona where I currently hail from one since Arizona has as yet to get a MM jackpot winner!!!

            LottoMetro's avatar - Lottery-024.jpg
            Happyland
            United States
            Member #146344
            September 1, 2013
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            Posted: December 10, 2013, 1:42 pm - IP Logged

            Once again sales are going to be short the projections, and the annuity factor decreased.

            If jackpot rolls tonight it will be $400 million with $216.4 million cash, depending on last minute sales it could be $401 M with $216.9 M cash.

            If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
            If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

            2016: -48.28% (13 tickets) ||
            P&L % = Total Win($)/Total Wager($) - 1

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              United States
              Member #122324
              January 29, 2012
              69 Posts
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              Posted: December 10, 2013, 2:04 pm - IP Logged

              You can stop buying tickets as I already bought the winner this afternoon out of a lotto vending machine at the grocery store.   Some old lady tried to get in front of me but I blocked her out as were not going to have one of those silly stories this time around.

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                baton rouge
                United States
                Member #10797
                January 26, 2005
                85 Posts
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                Posted: December 10, 2013, 6:28 pm - IP Logged

                No Pity!US FlagGOOD LUCK EVERYONE, HOPE TO SEE THE JACKPOT STILL IN FEVER CROSSING $400 MILLION FOR FRIDAY DRAW!!!

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                  United States
                  Member #24339
                  October 21, 2005
                  23 Posts
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                  Posted: December 10, 2013, 6:34 pm - IP Logged

                  Sorry to burst your bubble, but I just purchased a ticket.  As such, someone will win tonight and I will hit not a single number.  It is the way of the lottery for me.

                    DDOH937's avatar - Lottery-062.jpg

                    United States
                    Member #149596
                    December 4, 2013
                    208 Posts
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                    Posted: December 10, 2013, 7:20 pm - IP Logged

                    You can stop buying tickets as I already bought the winner this afternoon out of a lotto vending machine at the grocery store.   Some old lady tried to get in front of me but I blocked her out as were not going to have one of those silly stories this time around.

                    HAHAHHAHAHAHAHAAAA, not sure why but i found your ""Some old lady tried to get in front of me but I blocked her out as were not going to have one of those silly stories this time around"" comment extremely fuuny. May she wins and the story becomes " some guy wouldnt let me go ahead of him so i patiently waited and look, i won $344 million". Hhahaha, you really can't make this stuff up, too funny!!!!Smash

                    "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

                      DDOH937's avatar - Lottery-062.jpg

                      United States
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                      December 4, 2013
                      208 Posts
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                      Posted: December 10, 2013, 7:23 pm - IP Logged

                      Once again sales are going to be short the projections, and the annuity factor decreased.

                      If jackpot rolls tonight it will be $400 million with $216.4 million cash, depending on last minute sales it could be $401 M with $216.9 M cash.

                      I say they push it to $415 million... GOOD LUCK MEGA MIL PLAYERS!!! Hope many of you get a shot at the second prize...hahhaha

                      "It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy." - George Lorimer

                        LottoMetro's avatar - Lottery-024.jpg
                        Happyland
                        United States
                        Member #146344
                        September 1, 2013
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                        Posted: December 10, 2013, 7:26 pm - IP Logged

                        I say they push it to $415 million... GOOD LUCK MEGA MIL PLAYERS!!! Hope many of you get a shot at the second prize...hahhaha

                        Maybe by Friday they will. But tonight, no. Sales are lower than expected and the reduced annuity factor (1.869 to 1.848) doesn't help. They're actually facing a shortage of nearly $3 million. I think now that we'll be at/over $400M, things will start to pick up from here on.

                        If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                        If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                        2016: -48.28% (13 tickets) ||
                        P&L % = Total Win($)/Total Wager($) - 1

                          hearsetrax's avatar - 0118

                          United States
                          Member #52345
                          May 21, 2007
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                          Posted: December 10, 2013, 7:35 pm - IP Logged

                          Good luck to all playing tonight ......

                          Winning ticket sold in VA

                            Win$500Quick's avatar - Lottery-050.jpg
                            Florida
                            United States
                            Member #77815
                            August 1, 2009
                            3459 Posts
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                            Posted: December 10, 2013, 7:41 pm - IP Logged

                            Would'nt call spending a dollar Boycotting Blue Thinking.   You're actually doing what they planned for.

                            I use to play $5-$10 every draw on Mega Millions every since it came to Florida. $1 is my way of boycotting because you only need 1 ticket to win.

                            Guess Who's Back?

                              Teddi's avatar - Lottery-008.jpg

                              United States
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                              May 13, 2013
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                              Posted: December 10, 2013, 7:56 pm - IP Logged

                              Another point I would like to make about taking the cash option instead of the annuity is the ability to let it grow without touching the principal

                              Using this current $344M jackpot which offers a CV of $184M the net payout after 39.6% Federal tax is applied would be a little over $111 million. Just for comparison the $344 annuity would amount to a $207 million take home pay if the current top tier Fed rate didn't change over the next 29 years (which is unlikely).

                              Investing $100 million using a diverse approach with a qualified team of financial advisers/money manager should easily bring conservative returns of at least 6-8% annually. Under a slightly more aggressive approach, 12-15% is completely possible.

                              I would suggest the milder goal of 6-8% as over the span of 30-years, you would have far exceeded the return of the lottery annuity without ever making a dent in the principal.

                              Thanks Jill. I always love to hear your take on things

                              I might wake up early and go running.  I might also wake up and win the lottery.

                              The odds are about the same.