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$700 MILLION: Powerball lottery jackpot raised just hours after initial estimate

Topic closed. 151 replies. Last post 11 months ago by sirbrad.

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Albuquerque
United States
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June 5, 2012
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Posted: January 8, 2016, 7:08 am - IP Logged

I would take the annuity, that way you do not have to worry about where you are going to put all that money, bad investments and banks going under etc. My life will be set after the first year, and I will have millions in payments coming for 29 more years which is all just gravy.

The same thing could happen with the annuity, it is dependent on investments to grow. 30 years is a long time. The way things are going now you take the money and run.

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    Posted: January 8, 2016, 7:15 am - IP Logged

    You mean this video?

    You have to admire this guy's sense of humor as he looked serious when he answered her question but then he turned and looked at the camera for just a split second with a smile on his face.

     

    If she asked me, my reply would've been, "If I win the jackpot it will be just YOU and ME baby, just YOU and ME!"

    That would have had her blushing.


      United States
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      February 13, 2011
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      Posted: January 8, 2016, 9:04 am - IP Logged

      oh and im gonna win mega millions tonight and avoid all the attention

      Yeah, no one will even bother to pay attention to whoever wins that.  It's "small potatoes" ya know! LOL

        gocart1's avatar - lighthouse
        ONEONTA,NEW YORK
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        January 17, 2006
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        Posted: January 8, 2016, 10:12 am - IP Logged

        It's odd . I don't  know if anyone else notice  , but when the jackpots got huge  a few years ago , there was something like 30 pages of comments about it..   And  it was only 300 to 500 million for the jackpot.. I just wonder if a lot of people are not playing anymore..         

        Todd , any toughts  ?????

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          New York
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          Posted: January 8, 2016, 10:16 am - IP Logged

          My observation of the rapid escalation in the jackpot amount over the lead up to the past two drawings s is twofold. Obvious in the way customers are asking for tickets is that they've never played before so attracting new (or very infrequent) players at these jackpot amounts. But more startlingly is people are playing big dollars- so frequent in stores to hear- $20, $30, $50, and $100 requests for Powerball tickets; just crazy dollar amounts requested in tickets. I'll play a couple of self picks and a couple of quick picks and hope for the best. good luck everyone.

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            March 12, 2015
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            Posted: January 8, 2016, 10:32 am - IP Logged

            My observation of the rapid escalation in the jackpot amount over the lead up to the past two drawings s is twofold. Obvious in the way customers are asking for tickets is that they've never played before so attracting new (or very infrequent) players at these jackpot amounts. But more startlingly is people are playing big dollars- so frequent in stores to hear- $20, $30, $50, and $100 requests for Powerball tickets; just crazy dollar amounts requested in tickets. I'll play a couple of self picks and a couple of quick picks and hope for the best. good luck everyone.

            My observation is less new players but as you noted people forking over big bucks buying tickets. Except for the Three Amigos, it seems like the big time lottery winners bought 5-10 tickets and still won. So, there is still hope for us yet. 

            Wink

              HoLeeKau's avatar - YheaShea
              Idaho
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              Posted: January 8, 2016, 10:54 am - IP Logged

              Guaranteed we're gonna see AT LEAST an $850 mil jackpot by Saturday.  Would love to see it hit the $1 BILL mark though !!!

               

              Good Luck Everyone !!!   Party

              I'll be happy if it makes it to around $820M because that would make for a half a billion cash value.  I could live with that.  Jester

                Todd's avatar - Cylon 2.gif
                Chief Bottle Washer
                New Jersey
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                Posted: January 8, 2016, 11:09 am - IP Logged

                141 comments on this one thread in less than 24 hours seems pretty normal, considering the number of Powerball news stories posted within the last couple of days.

                 

                Check the State Lottery Report Card
                What grade did your lottery earn?

                 

                Sign the Petition for True Lottery Drawings
                Help eliminate computerized drawings!

                  Todd's avatar - Cylon 2.gif
                  Chief Bottle Washer
                  New Jersey
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                  Posted: January 8, 2016, 11:10 am - IP Logged

                  By the way, Powerball just increased to $800 million!

                   

                  Check the State Lottery Report Card
                  What grade did your lottery earn?

                   

                  Sign the Petition for True Lottery Drawings
                  Help eliminate computerized drawings!

                    RedStang's avatar - tallman zps6gf4inoc.jpg
                    NY
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                    Posted: January 8, 2016, 11:19 am - IP Logged

                    It will be a lot higher. Today and Tomorrows sales are going to be insane. Possible 900.

                      HoLeeKau's avatar - YheaShea
                      Idaho
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                      Posted: January 8, 2016, 11:21 am - IP Logged

                      By the way, Powerball just increased to $800 million!

                      Ohhh the cash value's going over half a billion, isn't it.  That's almost scary!

                        BBLL's avatar - audi r8-wallpaper-bla
                        Chicago
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                        Posted: January 8, 2016, 11:21 am - IP Logged

                        800 millions Party

                          thePharaoh's avatar - pharaoh
                          TX
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                          Posted: January 8, 2016, 11:29 am - IP Logged

                          800 M !!!!!!!!!!!!!!!!

                            mypiemaster's avatar - 2015021003pileofcash
                            JACKPOT HUNTER

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                            Posted: January 8, 2016, 11:39 am - IP Logged

                             White BounceCash value $496M. Why all the tease?. Why not just make it one billy $1B and get it over with?.White Bounce

                            Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                            Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                              sirbrad's avatar - Lottery-062.jpg
                              PA
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                              Posted: January 8, 2016, 2:49 pm - IP Logged

                              I hope that you are young enough to live another 30 years. You will need insurance to pay the death tax on the remainder of the annuity. Otherwise, you will leave an estate nightmare for your heirs.

                               Inflation might eat away your nest egg. 

                               Hope for lower taxes and higher interest rates. You will need to ask about how the interest rate might remain the same throughout the thirty years.

                              Happy dreaming!!

                              With that amount of money inflation is not going to mean crap. My biggest expense will be my house and then I am done. I will be set for life after the first year. Sometimes annuities go up in value also. I used to work at a bank and have been self-employed now for 25 years so I know all about how to manage money and invest it if I want to. I make a great income and already have a pretty large savings. Also I have no "heirs" just me, myself and I. So I am tailor-made for the win. Taxes and interest are irrelevant with that kind of money I would not even come close to spending one year's worth. So I am not worried in the least bit. Way less hassle and worry about where you are going to out that much money and if anything will happen to it. This is a different type of annuity as we are talking several million a year, not a few hundred thousand and a several million total lump sum.

                                 
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