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$586 MILLION: Mega Millions jackpot climbs toward a new record

Topic closed. 75 replies. Last post 3 years ago by Gleno.

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Chief Bottle Washer
New Jersey
United States
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Posted: December 17, 2013, 11:42 am - IP Logged

Jackpot estimate just raised to $636 million — officially the second-highest in history!

 

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Help eliminate computerized drawings!

    helpmewin's avatar - dandy
    u$a
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    February 22, 2011
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    Posted: December 17, 2013, 11:46 am - IP Logged

    I knew it was going to get bigger but i never thought it would be that BIG! Eek

    Let it Snow Snowman

      pickone4me's avatar - 021414tvlies zpsa453b327.jpg
      Wisconsin
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      January 23, 2011
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      Posted: December 17, 2013, 11:47 am - IP Logged

      Just as long as the usual states don't win the jackpot,  like always happens.  I think it's possibly biased towards certain states and cities.

        BuyLow's avatar - palm tree.jpg
        Florida
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        May 22, 2008
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        Posted: December 17, 2013, 11:47 am - IP Logged

        Bigger is better! Lol

          Jon D's avatar - calotterylogo
          Los Angeles, California
          United States
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          January 5, 2011
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          Posted: December 17, 2013, 11:49 am - IP Logged

          Jackpot estimate just raised to $636 million — officially the second-highest in history!

          Wow, nice draw day bump! That's close to what I expected. That's roughy about $350M in sales expected, and could be even more by draw time.


            United States
            Member #149917
            December 12, 2013
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            Posted: December 17, 2013, 11:50 am - IP Logged

            Sweeeet.... thats about $238,169,280.00 CASH ......after 39.6% fed tax... no state tax included

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              New Member
              austin, tx
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              December 14, 2013
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              Posted: December 17, 2013, 11:55 am - IP Logged

              Yeah, when the lottery tells you what you coverage of combinations is, that is the chance of a JP winner.

              You can always estimate/calculate the coverage of combos from sales or projected sales, which always some lesser percentage, but that is just a theoretical estimate. Only the lottery knows exactly what numbers have been played and what the actual coverage of combinations is.

              If sales for today's draw are over $400M, way above the 259M odds, that would give almost an 80% chance of a winner, in theory.(actual coverage may vary)

              I just try to process how does the amount of sales affect the jackpot: $550 million was the carry-over from last week. $400 million in sales, x% of that goes into the prize pool, 65.154% of the prize pool is allocated to the jackpot prize. This jackpot is going to be a record one. I hope that someone (me, obviously) will win today. I think if the jackpot keeps rising it would just backfire later making people think 'What's the jackpot this time? $150 million? Pff, that's nothing!'.

                LottoMetro's avatar - Lottery-024.jpg
                Happyland
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                September 1, 2013
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                Posted: December 17, 2013, 11:59 am - IP Logged

                If there is no winner tonight, Friday's Mega Millions jackpot will start at $950 million annuity with $510 (?) million cash.

                Good luck.

                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

                  helpmewin's avatar - dandy
                  u$a
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                  February 22, 2011
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                  Posted: December 17, 2013, 12:04 pm - IP Logged

                  If there is no winner tonight, Friday's Mega Millions jackpot will start at $950 million annuity with $510 (?) million cash.

                  Good luck.

                  Big difference Banana

                  Let it Snow Snowman

                    dpoly1's avatar - driver
                    PA
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                    October 16, 2008
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                    Posted: December 17, 2013, 12:11 pm - IP Logged

                    I would settle for this Jackpot LOL!

                    Big Grin Santa There would be some Jingle in my bank account!

                    dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                     

                    Eschew Poverty ........... Vote Conservative!

                      gocart1's avatar - lighthouse
                      ONEONTA,NEW YORK
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                      January 17, 2006
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                      Posted: December 17, 2013, 12:14 pm - IP Logged

                      Jackpot estimate just raised to $636 million — officially the second-highest in history!

                      I Agree!.......Holy cow

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                        NY
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                        October 16, 2005
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                        Posted: December 17, 2013, 1:09 pm - IP Logged

                        I just try to process how does the amount of sales affect the jackpot: $550 million was the carry-over from last week. $400 million in sales, x% of that goes into the prize pool, 65.154% of the prize pool is allocated to the jackpot prize. This jackpot is going to be a record one. I hope that someone (me, obviously) will win today. I think if the jackpot keeps rising it would just backfire later making people think 'What's the jackpot this time? $150 million? Pff, that's nothing!'.

                        $550 milion was the original advertsied amount for this drawing. The actual starting point is the finishing point for the last drawing. I never saw a final total over the $425 million that was advertised, but based on sales I expect it was somewhere close to $440.

                        If they do sell 400 million tickets that will add a bit more than $130 million to the cash value, which means about $242 million for the advertised annuity. That would give us a final total of about $680 million for the annuity value. That's still almost $200 million shy of what's necessary to set a real record.

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                          New Member
                          austin, tx
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                          December 14, 2013
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                          Posted: December 17, 2013, 1:36 pm - IP Logged

                          $550 milion was the original advertsied amount for this drawing. The actual starting point is the finishing point for the last drawing. I never saw a final total over the $425 million that was advertised, but based on sales I expect it was somewhere close to $440.

                          If they do sell 400 million tickets that will add a bit more than $130 million to the cash value, which means about $242 million for the advertised annuity. That would give us a final total of about $680 million for the annuity value. That's still almost $200 million shy of what's necessary to set a real record.

                          What!? 200 mil short? This is not even a record jackpot? Then I just don't want to win it! (JK, Yes, I do want it)

                           

                          You have to respect the ingenuity of the people came up with the new rules, only a few month later of introducing it, the very first jackpot since the start of the new game brings this much of attention to MM.

                            ashabug725's avatar - Yavill
                            Indiana
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                            Posted: December 17, 2013, 2:18 pm - IP Logged

                            Wonder how many duplicate numbers are generated by the machine's quick- pick  program for Mega- Game and Powerball? 

                            If you buy at least 15 tickets and pick your own mega numbers, with mega ball 1-15 for each respective ticket, you will no doubt hit the mega ball,  but the other 75 numbers from the top is still a huge challenge.  . 

                            Now for the real interesting point. If someone gets all the numbers and selected the multiplier option, then their winning would be doubled!!!

                            What a load of cabbage to deal with !!! 

                            Picking five of the white balls now gets the winner $1 million. 

                            Hope there is more than one winner tonight. The winner is going to have one huge headache if they don't know about setting up a trust fund.

                            The IRS  gets thier hands on the prize money before everyone else. 

                            It's only a game until you over spend. As they say, "Play responsibly" . 

                             

                            US Flag

                            The jackpot wouldnt be doubled, just the second tier prizes-- but the jackpot did get raised again!!!!

                            I wish I may, I wish I might...
                                       Win the Powerball jackpot THIS big night!!!

                              Jill34786's avatar - Lottery-006.jpg
                              Windermere, FL/Franklin, TN
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                              March 1, 2007
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                              Posted: December 17, 2013, 4:49 pm - IP Logged

                              LOL!!! I can see the MUSL folks going nuts with a that many 5+0 winners.

                              Powerball once yeilded 110 second prize winners in a drawing.

                              Quoting Wikipedia:

                              The Powerball drawing on March 30, 2005 produced 110 second-prize winners. The total payout to these winners was $19,400,000, with 89 winners each receiving $100,000. The other 21 winners received $500,000, as they were Power Play selections.

                              MUSL officials initially suspected fraud or a reporting error. However, all 110 winners had played numbers from fortune cookies made by Wonton Food Inc. of Long Island City, New York. The factory had printed the numbers "22, 28, 32, 33, 39, 40" on thousands of fortunes. The "40" in the fortune did not match the Powerball number of "42". None of the employees of Wonton Food played those numbers; at the time, the closest state with Powerball was Connecticut. Since the ticket holders had won as result of a coincidence rather than foul play, the payouts were made.

                              Had these 110 winners shared the then $25 million jackpot, each ticket would have been worth about $227,272 annuity or $122,727 cash. The fortune on the inspiring fortune cookie read: "All the preparation you've done will finally be paying off."

                              110 second prize winners for a $25 million jackpot is indeed pretty wild! Can you imagine if there were 500 or so 2nd prize winners this time due to numbers from fortune cookies?

                              2nd place would pay out more as a whole than the grand prize...MUSL would cringe at the thought. Big Grin

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