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

Topic closed. 50 replies. Last post 6 years ago by Stack47.

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Simpsonville
United States
Member #163184
January 22, 2015
2328 Posts
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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 #146340
    September 1, 2013
    1146 Posts
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    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?

    P&L % = Total Win($)/Total Wager($) - 1

      Guru101's avatar - rw6jhh
      Indiana
      United States
      Member #48723
      January 7, 2007
      1961 Posts
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      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 #20540
        August 20, 2005
        890 Posts
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        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:  https://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
          United States
          Member #163184
          January 22, 2015
          2328 Posts
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          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
            United States
            Member #163184
            January 22, 2015
            2328 Posts
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            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
              United States
              Member #20540
              August 20, 2005
              890 Posts
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              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
                United States
                Member #163184
                January 22, 2015
                2328 Posts
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                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.

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                  Republic of Texas
                  United States
                  Member #57555
                  January 9, 2008
                  1095 Posts
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                  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
                    Member #65280
                    September 22, 2008
                    2041 Posts
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                    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
                      United States
                      Member #157283
                      July 14, 2014
                      171 Posts
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                      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
                        Member #150097
                        December 15, 2013
                        113 Posts
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                        Great, a game that hasn't been won in over 2 years is getting harder. Nice.

                          Bleedblue21's avatar - blues logo_medium.gif
                          New Member
                          Fenton, MO
                          United States
                          Member #139942
                          March 7, 2013
                          12 Posts
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                          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.
                            United States
                            Member #141055
                            April 3, 2013
                            31 Posts
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                            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
                              United States
                              Member #162429
                              January 2, 2015
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                              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.