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MEGA MILLIONS JACKPOT SOARS TO $636 MILLION

Topic closed. 206 replies. Last post 3 years ago by THRIFTY.

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Win$500Quick's avatar - Lottery-050.jpg
Florida
United States
Member #77815
August 1, 2009
3459 Posts
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Posted: December 17, 2013, 1:29 pm - IP Logged

I was in the store playing Cash 3 when the screen for Mega Millions switch from $586 to $636 million.

Guess Who's Back?

    mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
    Los Angeles, California
    United States
    Member #149492
    December 2, 2013
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    Posted: December 17, 2013, 1:41 pm - IP Logged

    Wow!

    Not surprised at how big this jackpot is (new matrix makes winning this on par with getting hit by lightning as you're picking a 4-leaf clover while petting a unicorn).

    What surprises me is that this is the 2nd highest jackpot, but the cash value for it is over $100 million less than the highest.

    Mar. 30, 2012    $656 million -- cash value $471M

    Dec. 17, 2013    $636 million -- cash value $341.2M

    Yeah, when MM changed the odds, they also made another sneaky change which was the extension of the annuity to 30 years.  It weakens the cash value considerably relative to the advertised jackpot.  I think many lotteries are moving to 30 year annuities though.  Even in California, the SuperLotto Plus is now paid out in 30 years.

      Jon D's avatar - calotterylogo
      Los Angeles, California
      United States
      Member #103813
      January 5, 2011
      1530 Posts
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      Posted: December 17, 2013, 1:51 pm - IP Logged

      I find it comical that the mega millions people are saying this has exceeded their wildest expectations. I call Bull on that. They knew exactly what would happen: a billion dollar jackpot, so I don't know why they acting surprised.

      They're probably not stretching that too much.

      Before the change, they were probably cautiously optimistic. Nobody knows for sure exactly how people would react to the new MM game/matrix. In fact, lots of people were down on it and saying they weren't going to play and that it would fail. I gave it a chance. And as it turns out, sales were actually a bit up compared to before the change.

      But they had a bit of luck too with this first run. And Powerball stayed relatively low and reset to $40M 3 times during the run up. That leaves more money for players to dump on the soaring MM JP. Also, to get to this point, MM had to survive over $650M in total accumulated sales, more than twice the 259M odds of the game. That bit of luck is what gets us here, 1 draw away from a $1 Billion JP.

      But that luck is running out, likely tonight.

        Piaceri's avatar - sarsony1
        Republic of Texas
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        Member #57557
        January 9, 2008
        1095 Posts
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        Posted: December 17, 2013, 1:56 pm - IP Logged

        Got my numbers and I'm ready for the draw! Woo-hoo!!!!

         

        Dance singlewinnersinglewinnersinglewinner Dance

         

        I'd almost like to see it roll, just to see the numbers. Crazy

        face

        singlewinnersinglewinnersinglewinner   

          BBLL's avatar - audi r8-wallpaper-bla
          Chicago
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          February 7, 2012
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          Posted: December 17, 2013, 1:59 pm - IP Logged

          Single Winner right here SmileBig Grin Santa

            helpmewin's avatar - dandy
            u$a
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            February 22, 2011
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            Posted: December 17, 2013, 2:01 pm - IP Logged

            Good Luck to everyoneLep

            Let it Snow Snowman

              BBLL's avatar - audi r8-wallpaper-bla
              Chicago
              United States
              Member #122762
              February 7, 2012
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              Posted: December 17, 2013, 2:04 pm - IP Logged

              How many combinations are in Mega Millions?

                Bleedblue21's avatar - blues logo_medium.gif
                New Member
                Fenton, MO
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                March 7, 2013
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                Posted: December 17, 2013, 2:07 pm - IP Logged

                "As of Tuesday morning, the estimated annuity jackpot for the Tuesday, December 17, 2013, Mega Millions jackpot is $636 million, with a lump-sum cash value of $341.2 million."

                 

                And after Uncle Sam dips his hand into your pockets....expect to receive less than 35% of the lump sum option !!!  WOOO HOOO...GOOD OLE US of A !!!

                MF'ers (lol)

                  Avatar
                  LA CA
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                  November 6, 2011
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                  Posted: December 17, 2013, 2:07 pm - IP Logged

                  I bought 2 so far..if I am lucky I will win ..No point in buying in multitudes..

                    Jon D's avatar - calotterylogo
                    Los Angeles, California
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                    January 5, 2011
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                    Posted: December 17, 2013, 2:08 pm - IP Logged

                    How many combinations are in Mega Millions?

                    The odds on the jackpot: 258,890,850 total combos/chances

                      gnozahs's avatar - Lottery-029.jpg
                      New Member

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                      November 17, 2013
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                      Posted: December 17, 2013, 2:13 pm - IP Logged

                      Someone's gonna hit it tonight. I guess I'll cave in and play $1.


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                        March 14, 2012
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                        Posted: December 17, 2013, 2:17 pm - IP Logged

                        Oh my god, was that Alex Jones?

                        Did alex jones just say he wants to think about gift giving, while a shark is gnawing on his leg while at the same time being tasered on the butt by a leprachaun in a santa claus costume?

                          Piaceri's avatar - sarsony1
                          Republic of Texas
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                          Posted: December 17, 2013, 2:21 pm - IP Logged

                          "As of Tuesday morning, the estimated annuity jackpot for the Tuesday, December 17, 2013, Mega Millions jackpot is $636 million, with a lump-sum cash value of $341.2 million."

                           

                          And after Uncle Sam dips his hand into your pockets....expect to receive less than 35% of the lump sum option !!!  WOOO HOOO...GOOD OLE US of A !!!

                          MF'ers (lol)

                          Someone's math is off.

                          After Uncle Sam takes his unfair share, you will have about 33% (more or less) of the ANNUITY amount, but you will have 60% of the CASH LUMP SUM amount. Uncle Sam maxes out at 39.6. A good tax attorney will make your share larger, but a state tax will take their unfair share, too, if you live in one of THOSE states.

                          face

                          singlewinnersinglewinnersinglewinner   

                            BBLL's avatar - audi r8-wallpaper-bla
                            Chicago
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                            February 7, 2012
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                            Posted: December 17, 2013, 2:24 pm - IP Logged

                            The odds on the jackpot: 258,890,850 total combos/chances

                            Possible Mega Millions can still roll.

                              Viking Orayk's avatar - DiscoBallGlowing
                              New Member
                              Tennessee
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                              December 5, 2013
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                              Posted: December 17, 2013, 2:48 pm - IP Logged

                              I Agree!Party

                               

                              With the Jackpot this "Big"

                              I'm renting ($6) my dreams of "what if" Until the drawing........

                              "Hoping my long shot comes in"

                                                                                           Bed

                              integrity is doing what's right........ when nobody's watching"

                                 
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