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Mega Millions jackpot climbs to $180 million

Topic closed. 82 replies. Last post 2 years ago by bigbear29.

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mikeintexas's avatar - tx avatar-1.gif
Texas Panhandle
United States
Member #136843
December 20, 2012
1280 Posts
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Posted: August 20, 2014, 6:00 pm - IP Logged

 The cash value which is $107,000.000.00 is what dreams are made of.Patriot  Dream on!Crazy

When the JP gets up this high, I like to figure how much money could be made on the money owed to Uncle Sam in April - the difference between the 25% initially taken out and the 14.6% remainder (adding up to 39.6% total)  I just did a quick calculation considering making "only" 1% on that sum and figuring 6 months worth of interest - giving a little time to get everything ready before claiming the prize - and it would be close to $80k before taxes.  Some people could probably make more and it would be less with a jumbo CD (several).   Like I said, these were quick calculations and if nothing else, prove that a winner should get some good, reliable financial advice before claiming.

I've mentioned this before in here, but that $42+ million taken out of your winnings will fund the federal govt.  for a little over five minutes. (or pay the interest on our debt for about ten minutes)*

*Those figures are a couple of years old - the numbers today would be even more depressing.

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
    917 Posts
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    Posted: August 20, 2014, 6:08 pm - IP Logged

    It really does not matter to me whether the jackpot is at current level or at $15 million. I always have a play in no matter the jackpot amount since I believe the jackpot amount has no bearing on my chance of winning, but having a play in for every drawing does give me at least one chance to win.  If you do not play while jackpot is below a certain level, then you might just have lucked up and bought winning quick pick at $40 million Powerball level or your numbers may have come due at $36 million Mega Millions level. It is one thing to have a limited budget that does not allow one to play every drawing...I get that. But to rationalize that fact and limit self to only buying above a certain jackpot amount may make sense to that person, but it makes no sense to me.  For example, if I knew I could only afford to play $5 a week on lottery, then I would have to accept not being able to play every drawing of Mega Millions if I made decision to play both Powerball drawings that week or vice versa. 

    I need to win because my ex wants to see me thrown in jail. But if I win, I will be able to resolve this small matter and then send her postcards of all the wonderful and exotic places I will travel to this winter.

    Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

    The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

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      United States
      Member #149820
      December 9, 2013
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      Posted: August 20, 2014, 7:52 pm - IP Logged

      Maybe you will WIN  then you can give your friend some money Love

      How thoughtful of you, thanks hmw, Id give you some too

        rcbbuckeye's avatar - Lottery-043.jpg
        Texas
        United States
        Member #55889
        October 23, 2007
        5610 Posts
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        Posted: August 20, 2014, 8:00 pm - IP Logged

        It really does not matter to me whether the jackpot is at current level or at $15 million. I always have a play in no matter the jackpot amount since I believe the jackpot amount has no bearing on my chance of winning, but having a play in for every drawing does give me at least one chance to win.  If you do not play while jackpot is below a certain level, then you might just have lucked up and bought winning quick pick at $40 million Powerball level or your numbers may have come due at $36 million Mega Millions level. It is one thing to have a limited budget that does not allow one to play every drawing...I get that. But to rationalize that fact and limit self to only buying above a certain jackpot amount may make sense to that person, but it makes no sense to me.  For example, if I knew I could only afford to play $5 a week on lottery, then I would have to accept not being able to play every drawing of Mega Millions if I made decision to play both Powerball drawings that week or vice versa. 

        I need to win because my ex wants to see me thrown in jail. But if I win, I will be able to resolve this small matter and then send her postcards of all the wonderful and exotic places I will travel to this winter.

        Exactly Oldschoolpa.

        You don't get to choose when you might win. That's up to luck and fate. I could retire on the minimum jackpot, so I'm in every draw.

        CAN'T WIN IF YOU'RE NOT IN

        A DOLLAR AND A DREAM (OR $2)

          Avatar
          California
          United States
          Member #141204
          April 7, 2013
          280 Posts
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          Posted: August 20, 2014, 9:02 pm - IP Logged

          Hang on to that dollar and you can continue to dream. Wink

          If I don't have a ticket for the drawing, the chance of my dream of winning a lottery jackpot coming true is zero.

            RedStang's avatar - tallman zps6gf4inoc.jpg
            NY
            United States
            Member #121961
            January 21, 2012
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            Posted: August 20, 2014, 9:26 pm - IP Logged

            Stores Will Have Lines Lined Up State To State Friday. Lol

            I Bet The Jackpot Will Be Around 2XX Mill By Then.

            Good Luck Everyone!!!!!

            If you have long lines in Kentucky, it probably means chewing tobacco went on sale.

              RJOh's avatar - chipmunk
              mid-Ohio
              United States
              Member #9
              March 24, 2001
              19830 Posts
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              Posted: August 20, 2014, 9:29 pm - IP Logged

              If I don't have a ticket for the drawing, the chance of my dream of winning a lottery jackpot coming true is zero.

              True, when it comes to winning a lottery jackpot dreaming isn't enough you have to spend some money. Wink

              I'll be spending a couple of dollars Friday and dreaming too and it won't be the first time and probably not the last.

               * you don't need to buy more tickets, just buy a winning ticket * 
                 
                           Evil Looking       

                golfer1960's avatar - Lottery-003.jpg
                Eatontown, NJ
                United States
                Member #119670
                November 29, 2011
                740 Posts
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                Posted: August 20, 2014, 10:31 pm - IP Logged

                Dear God,

                I'm not saying I deserve to win but could you help me win this $180 million Mega Millions Jackpot please?

                I swear I'll be good and do good things with the winnings.

                I know your busy with all the things going on in this world so I appreciate any consideration you could give to this matter.

                Amen,

                Golfer1960

                PS...God you I hope you know my real name and address.

                 

                pray

                  mightwin's avatar - questns

                  United States
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                  Posted: August 20, 2014, 10:34 pm - IP Logged

                  Exactly Oldschoolpa.

                  You don't get to choose when you might win. That's up to luck and fate. I could retire on the minimum jackpot, so I'm in every draw.

                  True, But I think anybody who won the minimum jackpot right after a big/record jackpot was won would think why couldn't it be one draw sooner? Da*n you lotto gods! Lol

                    Coin Toss's avatar - shape barbed.jpg
                    Zeta Reticuli Star System
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                    January 17, 2006
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                    Posted: August 20, 2014, 10:59 pm - IP Logged

                    True, But I think anybody who won the minimum jackpot right after a big/record jackpot was won would think why couldn't it be one draw sooner? Da*n you lotto gods! Lol

                    mightwin,

                    One of the best posts I ever saw here on LP was someone said (sorry, I forget who) what would be ideal would be to hit the minimum jackpot right after someone had won a big one but not claimed it yet.

                    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                    Lep

                    There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                      rcbbuckeye's avatar - Lottery-043.jpg
                      Texas
                      United States
                      Member #55889
                      October 23, 2007
                      5610 Posts
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                      Posted: August 20, 2014, 11:02 pm - IP Logged

                      mightwin,

                      One of the best posts I ever saw here on LP was someone said (sorry, I forget who) what would be ideal would be to hit the minimum jackpot right after someone had won a big one but not claimed it yet.

                      I would be ok with that. It would be enough to live out my life in retirement, but fly under the radar of beggars.

                      CAN'T WIN IF YOU'RE NOT IN

                      A DOLLAR AND A DREAM (OR $2)

                        helpmewin's avatar - dandy
                        u$a
                        United States
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                        February 22, 2011
                        19859 Posts
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                        Posted: August 21, 2014, 3:40 am - IP Logged

                        If I don't have a ticket for the drawing, the chance of my dream of winning a lottery jackpot coming true is zero.

                        I Agree!

                        Let it Snow Snowman

                          hearsetrax's avatar - 0118

                          United States
                          Member #52345
                          May 21, 2007
                          2659 Posts
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                          Posted: August 21, 2014, 5:56 am - IP Logged

                          Cheers to one of us here @ LP getting that lucky on Friday Twitch

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                            texas
                            United States
                            Member #141051
                            April 3, 2013
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                            Posted: August 21, 2014, 6:37 am - IP Logged

                            and so the jackpot rollsover and continues to climb. I dont usually keep track of these big jackpots but I guess I can keep an eye on this one.White Bounce

                            Lurking

                            I am gonna focus on the small lotterys for now...

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                              NEW YORK
                              United States
                              Member #90535
                              April 29, 2010
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                              Posted: August 21, 2014, 9:26 am - IP Logged

                              I got a dollar and a dream.

                              $1 Mega Millions ticket increases your chances of winning to 1 in 259 Million.