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Lucky for Life multi-state lottery game set to expand next week

Topic closed. 50 replies. Last post 2 years ago by Stack47.

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Simpsonville
United States
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January 22, 2015
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Posted: January 23, 2015, 7:27 am - IP Logged

I would wager that Reagan would be on Mr Rushmore before California gets this game. 

That was way too funny.  Too bad you guys can't get Powerplay or Megaplier, most times it does not pay doing the paramuteul thing...I check all the time.

    LottoMetro's avatar - Lottery-024.jpg
    Happyland
    United States
    Member #146344
    September 1, 2013
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    Posted: January 23, 2015, 7:39 am - IP Logged

    At a recent lottery consortium, one of the game managers (whose lottery isn't part of the L4L expansion) said that their comptroller cringes at the term "for life," so they avoid participating in those games. I guess some states would just hate to have a player live a long time LOL

    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

      Guru101's avatar - rw6jhh
      Indiana
      United States
      Member #48725
      January 7, 2007
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      Posted: January 23, 2015, 10:53 am - IP Logged

      I'm only 5 minutes from Kentucky. I might buy some tickets every once in a while.

      Gonna win.Big Smile

        Think's avatar - lightbulb
        Marquette, MI
        United States
        Member #20541
        August 20, 2005
        705 Posts
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        Posted: January 23, 2015, 10:57 am - IP Logged

        It's 1 in 18.5 million for the Mega Millions second prize of $1 million, so pretty close to what Think said.  Check the latest prize payout table to see:  http://www.lotterypost.com/game/45/prizes/2015/1/20

        That being said I don't think a $1 million prize is the same as winning the $1,000 per day for life prize, so I don't necessarily agree.

        I was starting at the starting line 75C5 = 17,259,390 for the second prize MM odds.  I know they calculate it by saying you could win other prizes.

        Also the $365,000 for life will put most people in punitive tax brackets for a long time.

        If you win the MM second prize most people will only have punitive taxes for the year they claim.

        Most of my posts are intended to be baseline.

        If you have a really good tax attorney I would bet your mileage would vary...but how much does a really good tax attorney cost?

        I don't know.

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          Simpsonville
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          January 22, 2015
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          Posted: January 23, 2015, 11:02 am - IP Logged

          I was starting at the starting line 75C5 = 17,259,390 for the second prize MM odds.  I know they calculate it by saying you could win other prizes.

          Also the $365,000 for life will put most people in punitive tax brackets for a long time.

          If you win the MM second prize most people will only have punitive taxes for the year they claim.

          Most of my posts are intended to be baseline.

          If you have a really good tax attorney I would bet your mileage would vary...but how much does a really good tax attorney cost?

          I don't know.

          Not sure if my Season ticket from Massachusetts does this for top prize, but I do know you can take the lump sum for the secondary prize.  I'm pretty sure you could with the top prize too alleviating that long term tax issue you mentioned.

           Still waiting for the Kentucky Lottery to say something about this new lottery, nothing on their website just now.  Come on Chip Polston!

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            Simpsonville
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            January 22, 2015
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            Posted: January 23, 2015, 11:07 am - IP Logged

            Think....just went to MA lottery site.  It said it is a para-mutuel games for payouts on large jackpots (ugh).

            So you can take cash option of $5.75 million for ONE winner; secondary prize is $390,000 ONE winner.  All pre-tax of course.

              Think's avatar - lightbulb
              Marquette, MI
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              Posted: January 23, 2015, 11:10 am - IP Logged

              Think....just went to MA lottery site.  It said it is a para-mutuel games for payouts on large jackpots (ugh).

              So you can take cash option of $5.75 million for ONE winner; secondary prize is $390,000 ONE winner.  All pre-tax of course.

              Ding...ding...ding...now the game isn't starting to look so good.  Is it?

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                Simpsonville
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                January 22, 2015
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                Posted: January 23, 2015, 11:14 am - IP Logged

                No, I've only had a couple of checks come here for like $10 each.  I do not like Para-mutuel lotteries in the least.  They'll be making money hand over foot.  Haven't yet researched the new matrix yet, will once the new ticket arrives next week from MA.

                  Piaceri's avatar - sarsony1
                  Republic of Texas
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                  January 9, 2008
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                  Posted: January 23, 2015, 11:14 am - IP Logged

                  I would play this game for a couple tickets a draw, if it was offered in Texas.

                  face

                  singlewinnersinglewinnersinglewinner   

                    charmed7's avatar - Lottery-013.jpg
                    MICHIGAN
                    United States
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                    September 22, 2008
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                    Posted: January 23, 2015, 1:19 pm - IP Logged

                    Gonna give it a try....sorry millionaire  monoply  was trashed

                    LIVE the LIFE you LOVE......LOVE the LIFE you LIVE

                    Bob MarleyCheers

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                      New York
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                      Posted: January 23, 2015, 2:44 pm - IP Logged

                      NY/NJ Cash For Life has odds of 1-21.8 million for the top prize of 1K a day for life. This has slightly worse odds, and with a bit over 60 drawings there has only been a few jackpot winners, maybe 4 if I'm correct and 2 second prize winners (1K a week)

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                        boston,ma
                        United States
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                        December 15, 2013
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                        Posted: January 23, 2015, 4:27 pm - IP Logged

                        Great, a game that hasn't been won in over 2 years is getting harder. Nice.

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                          New Member
                          Fenton, MO
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                          Posted: January 23, 2015, 5:23 pm - IP Logged

                          Yeah...because winning anything less than $150 million is so UNACCEPTABLE...lmfao

                          If I win this sucker...The St. Louis Blues will have a new co-owner knocking on their door !!!  Hyper

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                            New York, N.Y.
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                            Posted: January 23, 2015, 8:36 pm - IP Logged

                            Sounds great. But if you win in New York State, New York assembly speaker Sheldon "TARNISHED" Silver probably will get some of your winnings!

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                              Maryland
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                              January 2, 2015
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                              Posted: January 24, 2015, 7:55 am - IP Logged

                              Think....just went to MA lottery site.  It said it is a para-mutuel games for payouts on large jackpots (ugh).

                              So you can take cash option of $5.75 million for ONE winner; secondary prize is $390,000 ONE winner.  All pre-tax of course.

                              That is a great option, being able to take it all at once.  Big difference to me in winning that large amount vs getting 365k a yr before taxes.