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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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Wyomissing, PA
United States
Member #161050
November 15, 2014
301 Posts
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Posted: January 10, 2016, 2:28 am - IP Logged

The seemingly impossible has finally occurred, the $1 Billion annuity jackpot. It's exciting for players and a huge windfall for the participating lotteries...

Hopefully, jurisdictions that heavily rely on lottery proceeds make the best of it, since the bar has been dramatically raised for what will bring players out in droves in the future. Was a time when $10 million was a big deal, then $50 million, then $100 million (PA Super 7 build-up was a huge deal back in the day; 1989), etc. Now it will be to the point that many people won't even bother playing unless the jackpot is at least 1/2 billion ($500 million) plus.

And to think there's a possibility of another rollover. While it's easy to assume this will be a sure sell out, there's only so much money people are willing to wager. Limits on lottery infrastructure; try to buy a million tickets at your local retailer - likely not happening. To cover all combinations will take nearly $600 million in gross sales minimum, though due to dupes, will still leave a decent chunk of combinations open...

Bottom line, a rollover is plausible with $2 billion being advertised for next Saturday. Incredible!

Good luck to all who play. I may sit this one out, or at most play 5 tickets. Not playing seems crazy, but to win the jackpot could be worse. Not a widely shared sentiment, but have to assume there are others who have similar thoughts. On the other hand, the lure of being part of history and dreams of being a billionaire (even if for a brief time before taxes are taken out) is overly compelling.

    Kyle7824's avatar - Lottery-042.jpg
    Greenville, NC
    United States
    Member #157301
    July 14, 2014
    3386 Posts
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    Posted: January 10, 2016, 2:30 am - IP Logged

    Had 1 right :-(

      whiteballz's avatar - Lottery-015.jpg
      Nutley, New Jersey
      United States
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      August 1, 2012
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      Posted: January 10, 2016, 2:33 am - IP Logged

      Here is a chart of the Powerball jackpots since September 2015.

      .

        sirbrad's avatar - Lottery-062.jpg
        PA
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        October 6, 2005
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        Posted: January 10, 2016, 2:34 am - IP Logged

        Jackpot be like "n*gga when we rollin', rollin', rollin" Lol.

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          New Member
          Alabama
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          January 9, 2016
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          Posted: January 10, 2016, 2:38 am - IP Logged

          Greetings ....

          Given this latest development, I'd rather see the annuitized jackpot frozen at $ 900 million and let the excess be spread over the lower prizes. Of course, there are those who would not even dare think of touching that idea.

          Even so, how would you feel if the 2nd prize was worth at least say $ 5,000,000. We'll imagine that at draw time its worth is $ 6,840,000. Assume your ticket is not shared with anybody, so you have the choice of a $ 4,240,800 cash option payout -OR- a fixed 30-year annuity that pays $ 228,000 annually. Tax considerations would naturally make choosing the 30-year annuity option the right call.

          If you're really smart, not only would you take the 30-year annuity option, but you would be careful not to spend more than half of your approximate after-tax income of $ 139,000 each year. Do that, and by the end of the 30-year period you'll have saved enough to get you by for another 20-30 years.

          Yes, it is a nice idea. Pity that few will see it as such.

          Oh, BTW -- Now that Powerball has cracked the "Billions and Billions" of Dollars Barrier, where's Dr. Carl Sagan when we really need him?

          Thanx-A-Lot, Please Play Responsibly and Best of Luck to all - Frank0Sport16

            joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

            United States
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            February 12, 2006
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            Posted: January 10, 2016, 2:41 am - IP Logged

            Jackpot be like "n*gga when we rollin', rollin', rollin" Lol.

            That's a great song for this jackpot.

             

            Keep rollin, rollin, rollin, rollin (What?)
            Keep rollin, rollin, rollin, rollin (Come on)
            Keep rollin, rollin, rollin, rollin (Yeah)
            Keep rollin, rollin, rollin, rollin

            Now I know yall be lovin' this [Jackpot] right here

            1.3 Billion is right here

            No bees, no honey.

              Original Bey's avatar - Lottery-022.jpg

              Bahamas
              Member #133462
              September 30, 2012
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              Posted: January 10, 2016, 2:50 am - IP Logged

              If an LP member finds him/herself among the winners on Wednesday, please remember how Todd busted his chops to keep us engaged, entertained and informed and make a healthy donation to LP Nation!

              "Everything works  ONCE!"

                OldSchoolPa's avatar - Lottery-057.jpg
                Gurnee, Illinois
                United States
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                February 12, 2007
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                Posted: January 10, 2016, 2:56 am - IP Logged

                I wonder what they're going to do on the billboards because they only have three digits, for the millions.... Lol

                999 or 1BN if programmers can reprogram the boards.

                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!

                  Todd's avatar - Cylon 2.gif
                  Chief Bottle Washer
                  New Jersey
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                  Posted: January 10, 2016, 2:57 am - IP Logged

                  After seeing $1.3 Billion show up on LP and USA Mega as $1300 Million, I have gone through and hopefully fixed everything to show "$1.3 Billion".

                  Please do me a favor and if you see any more "$1300 Million" please send me a PM to let me know.  (I may not see it if you post it in this thread.)

                  Thanks!

                   

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

                   

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

                    sirbrad's avatar - Lottery-062.jpg
                    PA
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                    Posted: January 10, 2016, 3:07 am - IP Logged

                    After seeing $1.3 Billion show up on LP and USA Mega as $1300 Million, I have gone through and hopefully fixed everything to show "$1.3 Billion".

                    Please do me a favor and if you see any more "$1300 Million" please send me a PM to let me know.  (I may not see it if you post it in this thread.)

                    Thanks!

                    The Powerball billion dollar roll-over broke Lotterypost lol. LOL

                      sirbrad's avatar - Lottery-062.jpg
                      PA
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                      Posted: January 10, 2016, 3:11 am - IP Logged

                      $1.3 Billion that's Michael Jordan money, and more than Tiger Woods which has always been my goal to have more than both. Cheers

                        sirbrad's avatar - Lottery-062.jpg
                        PA
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                        Posted: January 10, 2016, 3:17 am - IP Logged

                        What a trillion dollars looks like with double stacked pallets. Wow, I can find room for it don't worry lol. 7 packets wide by 16 packets deep, with each packet being $10,000. 7 x 16 = 112 packets per layer 112 x $10,000 = $1,120,000 per layer. Also shows several other examples of a million, billion, etc. 1 billion is 10 pallets lol. The little guy on the bottom left is an average sized person lol. A trillion dollars is a FARM of money lol. http://www.pagetutor.com/trillion/calculations.html

                          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                          Oklahoma
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                          November 12, 2009
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                          Posted: January 10, 2016, 3:20 am - IP Logged

                          WOW!!!!! Thud

                          I Love Pink & Green 1908

                            sirbrad's avatar - Lottery-062.jpg
                            PA
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                            October 6, 2005
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                            Posted: January 10, 2016, 3:21 am - IP Logged

                            One billion dollars lol. Ten pallets of $100 million dollars, one layer is 7 packets wide by 16 packets deep, with each packet being $10,000. Would need a bank vault sized safe in your house if you wanted to cash it out lol.

                             

                             

                              mypiemaster's avatar - 2015021003pileofcash
                              JACKPOT HUNTER

                              United States
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                              April 2, 2013
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                              Posted: January 10, 2016, 3:23 am - IP Logged

                              Thumbs UpAttaboy to MUSL for this accomplishment. They made a believer out of me. I didn't know they had it in them. There must be fireworks and champagne bursting at HQ all week long. What a milestone. Congratulations to MUSL.  Thumbs Up

                              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****

                                 
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