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Sick of traffic, man stops and buys lottery tickets... and wins $5 million

Topic closed. 21 replies. Last post 3 years ago by Teddi.

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The land of Canals
United States
Member #137589
January 7, 2013
168 Posts
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Posted: March 13, 2014, 9:13 am - IP Logged

The old timers spend more money on tickets.

I heard they're starting a new game for them.

It's gonna be called Mega-Geezer-Bucks.

Thumbs UpGreen laughHow do you keep coming up with these gems? Green laugh

       Hilarious-thanks rdgrnr. Thumbs Up

“A day without sunshine is like, you know, night.” 
 Steve Martin

Cool

    RedStang's avatar - tallman zps6gf4inoc.jpg
    NY
    United States
    Member #121961
    January 21, 2012
    3157 Posts
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    Posted: March 13, 2014, 9:16 am - IP Logged

    This makes me want to stop at the Mobil for some yummy cheese nachos and see if i can win millions too.

      Teddi's avatar - Lottery-008.jpg

      United States
      Member #142499
      May 13, 2013
      1182 Posts
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      Posted: March 13, 2014, 10:41 am - IP Logged

      I cant undestand why these old people keep winning period. I'd like to see more of the under AARP range win LOL

      ROFL Hahahahahaha.

      On another note, I've never played a scratch off, is it really $10 for a ticket? That seems insane. Are the chances of winning something that good that people would choose to pay 10 bucks for each ticket?

        mediabrat's avatar - 18z0typ
        upstate NY
        United States
        Member #108791
        March 31, 2011
        549 Posts
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        Posted: March 13, 2014, 10:47 pm - IP Logged

        Can't understand why a 62 year-old would take a 30 year annuity? The story didn't mention any children so perhaps he felt no need for any dramatic change in his life. Must be well grounded and best of luck to him and his future wife.

        The article doesn't make it clear, but the scratcher he won on -- Set For Life -- is, as the name implies, one of those "win for life" games.  The $5 million quoted is the minimum payout.  The "default" payout is $5000 a week for life, or $260,000 per year.  The article says he's getting a $172,000 annual payout; I could be wrong, but that's probably what he'll clear after taxes.

        As for why someone his age would not opt for a lump sum, I think you've hit on the reason.  It seems like a lot of Lottery Post members plan on "splashing out" with a large chunk of their winnings immediately; there's nothing wrong with that, but not everyone would take this course of action.  Many people would be satisfied with living comfortably and, as you said, not making any dramatic changes.

          mediabrat's avatar - 18z0typ
          upstate NY
          United States
          Member #108791
          March 31, 2011
          549 Posts
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          Posted: March 13, 2014, 10:54 pm - IP Logged

          ROFL Hahahahahaha.

          On another note, I've never played a scratch off, is it really $10 for a ticket? That seems insane. Are the chances of winning something that good that people would choose to pay 10 bucks for each ticket?

          It's one of the higher-end ones, but yes, $10 tickets exist.  New York even has $20 and $30 games (as well as $1, $2, and $5 games).  I think I read here on LP that there's a $50 scratcher out there somewhere, but I forget what state it's in.

          Here's the prize schedule for Set For Life, the scratcher Mr. Mainella won on:

          PRIZE VALUE
          CHANCES OF WINNING
          $10
          1 in: 11.90
          $20
          1 in: 16.67
          $50
          1 in: 25.00
          $25
          1 in: 27.78
          $15
          1 in: 41.67
          $100
          1 in: 131.25
          $500
          1 in: 1,750.00
          $1,000
          1 in: 7,411.76
          $5,000
          1 in: 105,000.00
          $50,000
          1 in: 1,050,000.00
          $5,000/WK/LIFE
          1 in: 6,300,000.00

          Overall Chances of Winning: 1 in 3.95

            rdgrnr's avatar - walt
            Way back up in them dadgum hills, son!
            United States
            Member #73904
            April 28, 2009
            14903 Posts
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            Posted: March 14, 2014, 8:07 am - IP Logged

            Thumbs UpGreen laughHow do you keep coming up with these gems? Green laugh

                   Hilarious-thanks rdgrnr. Thumbs Up

            Thanks, Carvella05.

            Stupid stuff just keeps popping into my head non-stop.

            (And between you and me, it hasn't proven to be very beneficial in the long haul).

              Teddi's avatar - Lottery-008.jpg

              United States
              Member #142499
              May 13, 2013
              1182 Posts
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              Posted: March 14, 2014, 10:59 am - IP Logged

              It's one of the higher-end ones, but yes, $10 tickets exist.  New York even has $20 and $30 games (as well as $1, $2, and $5 games).  I think I read here on LP that there's a $50 scratcher out there somewhere, but I forget what state it's in.

              Here's the prize schedule for Set For Life, the scratcher Mr. Mainella won on:

              PRIZE VALUE
              CHANCES OF WINNING
              $10
              1 in: 11.90
              $20
              1 in: 16.67
              $50
              1 in: 25.00
              $25
              1 in: 27.78
              $15
              1 in: 41.67
              $100
              1 in: 131.25
              $500
              1 in: 1,750.00
              $1,000
              1 in: 7,411.76
              $5,000
              1 in: 105,000.00
              $50,000
              1 in: 1,050,000.00
              $5,000/WK/LIFE
              1 in: 6,300,000.00

              Overall Chances of Winning: 1 in 3.95

              Okay, those odds are definitely better than Mega Millions. I guess now I can see the allure.

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

              The odds are about the same.