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POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOT

Topic closed. 567 replies. Last post 11 months ago by AbsolutelyFun.

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lejardin's avatar - Lottery-014.jpg

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November 4, 2011
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Posted: January 10, 2016, 5:50 pm - IP Logged

No lejardin, you are not spinning it properly.  What you meant when you said the Powerball would not ever get to a billion was the actual cash value, and you still stand by that projection... until it happens, then you spin it again and state you were referring to the after tax value!  This should cover you for quite some time, while remaining correct in your statement.

LOL I can always count on my pal to bail me out.  Very good, thank you for helping me save face hahahahahahahahaha.  Good Luck to us on the next draw!

Sad Cheers

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    WV
    United States
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    March 2, 2011
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    Posted: January 10, 2016, 5:50 pm - IP Logged

    It's gonna hit $2 Billion by Wednesday!

    I do not think they will sale enough tickets by WED to get the annuity up to 2 billion. For it to get that high it would need a cash value of around 1.24 billion. The cash value ended up being about 589 million last night and they had total sales for last nights drawing ending up around 880 million. My math may be wrong here but for the cash value to increase 635 million i think it would take 2 billion in ticket sales for this to happen. I know ticket sales will be very high but do not think they will total 2 billion. I am guessing some people who spent way more then they should have might be unable to spend what they did the last 3 days.

      Romancandle's avatar - moon
      Upacreek
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      Posted: January 10, 2016, 5:52 pm - IP Logged

      Thank you.  That was a very good response.  Since this is a statistical game of probability that entails what if's".  One can assume that many in the country are dreaming of what would they do if they matched all 6 balls and  won?  The MSM is definitely on board, fuelling the excitment of winning 1.3 billion, in a gamble for an individual's future; the county for at least 4 days will be paralysed with lottery fever, for those who are prone to volunteer their $2.00   Isn't this the embodiment of capitalism?    We should be so lucky to enjoy this air of freedom to dream about money.  Afte the fact, the majority of us will be at work on Thursday, dealing with the doldrums of daily existence and those expenses.  But for a few days, many will be in the stratsophere of the "force is with you"...so to paraphrase that iconic movie; which I shall not see. 

      Okay hit me with the best that you've got.

      ~s

      Thursday is going to be a tough day back to work for 99.9999999% of us.

      Stratospheric for just a one or a few...

      We'll at least have MM jackpot of 20MM to look forward to on Friday LOL

      -RC

        sonnet's avatar - Lottery-005.jpg

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        Posted: January 10, 2016, 5:52 pm - IP Logged

        No lejardin, you are not spinning it properly.  What you meant when you said the Powerball would not ever get to a billion was the actual cash value, and you still stand by that projection... until it happens, then you spin it again and state you were referring to the after tax value!  This should cover you for quite some time, while remaining correct in your statement.

        I concur.  If the cashpayout is $1billion--you've wiggle room.

          sonnet's avatar - Lottery-005.jpg

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          Posted: January 10, 2016, 5:54 pm - IP Logged

          Thursday is going to be a tough day back to work for 99.9999999% of us.

          Stratospheric for just a one or a few...

          We'll at least have MM jackpot of 20MM to look forward to on Friday LOL

          LOL--that is so true! Thanks.

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            December 13, 2015
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            Posted: January 10, 2016, 5:55 pm - IP Logged

            what does the jackpot need to be for a cash payout of 1 billion after tax? and how many rolls?

              LottoMetro's avatar - Lottery-024.jpg
              Happyland
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              Posted: January 10, 2016, 6:00 pm - IP Logged

              what does the jackpot need to be for a cash payout of 1 billion after tax? and how many rolls?

               A little more than $2.67 billion, based on the current ratio and assuming Federal only.

              Would probably take 3-4 more rolls.

              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

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                Posted: January 10, 2016, 6:01 pm - IP Logged

                 A little more than $2.67 billion, based on the current ratio and assuming Federal only.

                Would probably take 3-4 more rolls.

                Thank you! Let's aim for that!Patriot

                  LottoMetro's avatar - Lottery-024.jpg
                  Happyland
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                  Posted: January 10, 2016, 6:04 pm - IP Logged

                  Thank you! Let's aim for that!Patriot

                  Well, I estimate the odds of the jackpot reaching that point around 1 in 4155. So we would have to repeat this frenzy 4 times a year for more than a 1000 years to be confident of hitting that. We are more likely to have the cash hit $1 B but after taxes.....not so much.

                  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

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                    Posted: January 10, 2016, 6:13 pm - IP Logged

                    Well, I estimate the odds of the jackpot reaching that point around 1 in 4155. So we would have to repeat this frenzy 4 times a year for more than a 1000 years to be confident of hitting that. We are more likely to have the cash hit $1 B but after taxes.....not so much.

                    it should be possible though, considering that this one actually hasn't rolled over that much

                      Gleno's avatar - Lottery-001.jpg
                      New Jersey
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                      Posted: January 10, 2016, 6:14 pm - IP Logged

                      One question:  what would happen if one person won and did not claim the prize, let's say they lost the ticket or died? 

                      Would each state keep their share of the Jackpot  be based on the number of tickets each state sold?

                      Just asking...

                        LottoMetro's avatar - Lottery-024.jpg
                        Happyland
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                        Posted: January 10, 2016, 6:17 pm - IP Logged

                        it should be possible though, considering that this one actually hasn't rolled over that much

                        Right, but it would require more than 2.43 billion tickets to be sold....a lambda value more than 8 (which represents the number of expected winners by this roll). We would be in the 99.98th percentile. Fine to dream about but not likely

                        If the jackpot is not claimed then the funds are returned to the states, divvied based on their contribution to the pot.

                        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

                          HoLeeKau's avatar - YheaShea
                          Idaho
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                          Posted: January 10, 2016, 6:29 pm - IP Logged

                          One question:  what would happen if one person won and did not claim the prize, let's say they lost the ticket or died? 

                          Would each state keep their share of the Jackpot  be based on the number of tickets each state sold?

                          Just asking...

                          If it's not claimed it's most likely a newbie who bought it past the cut-off time for last night's drawing and threw it away thinking it was a loser.  That would be sad!  I've never heard of the lottery putting it back in the pot or giving players any bonuses.  They usually just absorb it into the state budget for other crap.

                            savagegoose's avatar - ProfilePho
                            adelaide sa
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                            Posted: January 10, 2016, 6:38 pm - IP Logged

                            dont worry just live like a prince instead of a king for a few years , you'll end up with $1 bill cash

                            2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                            keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

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                              Posted: January 10, 2016, 6:41 pm - IP Logged

                              When I visit Stateline, Nevada always walk down the street to play lottery in California. They have no self service machines were I go.

                              Yesterday they showed that Primm, CA Lotto store with a three hour wait to get their tickets. 

                              In the background you could see a row of self service lottery machines with a bunch of scratchers.  My question for someone in California do the self service machines allow you to play MM & PB??  Not a soul was @ any of them.  Just curious, every other state I've played with those machines are multi-functional.

                               

                              I'd sure hate to be a clerk @ that store!!

                              Yes, they do.  I often buy my tickets at the Safeway grocery store in my area.  They have machines for scratchers, Powerball, MegaMillion, and SuperLotto.  You buy them yourself without the assistance of a clerk.  Railey's is another grocery store that also has the machines.

                                 
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