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$415 MILLION: 3rd-largest Mega Millions jackpot ever

Topic closed. 119 replies. Last post 5 months ago by WinWinChicDin.

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Drenick1's avatar - villiarna
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Posted: June 29, 2016, 2:25 pm - IP Logged

I might be wrong but I'm pretty sure not even the billion dollar Powerball got that many combo's sold. They said on the news at the time that only 83% of PB's 292M combo's  were used. 

I agree. I had read that anywhere from 82-86% of PB combinations were sold for the $1.6 billion drawing. Even with a buying frenzy pushing a $5 billion jackpot, i highly doubt that every single combination would be sold- it may reach 97-99%.

    Drenick1's avatar - villiarna
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    Posted: June 29, 2016, 2:30 pm - IP Logged

    In order to get a frenzy, it needs to be covered by the news and other media. It isn't being covered and thus it won't get many occasional players attention. 

    That simply proves how much clout the news media has on anything they report whether it's true or not.

      Kingofearth's avatar - Kinnak
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      Posted: June 29, 2016, 2:32 pm - IP Logged

      l am all for giving Brownie Points- but you not going to get any, at least not from me.My original statement stands."  Winner from a State bordering the Ocean." It's not that complicated earthling.

      I didn't Ace kindergarten for nothing. 

      Your original statement was that the WINNER would be CLOSE to a BODY of WATER. That is simply incorrect. The winner is further from the gulf than Las Vegas is to the Pacific. You have failed basic math, return to kindergarten.   

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        Posted: June 29, 2016, 2:33 pm - IP Logged

        "The cash value stands at a staggering $286.4 million."

        Why so lowWhat?

          Kingofearth's avatar - Kinnak
          Upstate NY
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          Posted: June 29, 2016, 2:37 pm - IP Logged

          I agree. I had read that anywhere from 82-86% of PB combinations were sold for the $1.6 billion drawing. Even with a buying frenzy pushing a $5 billion jackpot, i highly doubt that every single combination would be sold- it may reach 97-99%.

          Between under 18 and people who won't buy a ticket, only about 20% of the population would buy atleast one combo, and most would only buy 1 or 2 tickets. 60M buyers, most buying 1 or 2, can't possibly cover 99% of 292M combo's. 

            Drenick1's avatar - villiarna
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            Posted: June 29, 2016, 2:47 pm - IP Logged

            "The cash value stands at a staggering $286.4 million."

            Why so lowWhat?

            The cash value percentage wise is actually high when compared to most previous jackpots.

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              Posted: June 29, 2016, 2:52 pm - IP Logged

              The cash value percentage wise is actually high when compared to most previous jackpots.

              OK, thanks for the info. I feel better now.

                Drenick1's avatar - villiarna
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                Posted: June 29, 2016, 2:54 pm - IP Logged

                Between under 18 and people who won't buy a ticket, only about 20% of the population would buy atleast one combo, and most would only buy 1 or 2 tickets. 60M buyers, most buying 1 or 2, can't possibly cover 99% of 292M combo's. 

                If the jackpot were to reach anywhere close to $5 billion- odds would be pretty good that over 80-90% of the US. adult population would participate. Even my husband who frowns on playing the lottery would purchasd a ticket.

                  noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                  Posted: June 29, 2016, 2:55 pm - IP Logged

                  Your original statement was that the WINNER would be CLOSE to a BODY of WATER. That is simply incorrect. The winner is further from the gulf than Las Vegas is to the Pacific. You have failed basic math, return to kindergarten.   

                  Why not revisit the news topic  prior to last night's drawing of " 390 million jackpot tonight " and read aloud or to yourself  my opening statement to Illinoisdreamer! 

                  ** You have been checkmated. 

                  People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                    MaximumMillions's avatar - Lottery-013.jpg

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                    Posted: June 29, 2016, 2:56 pm - IP Logged

                    Your original statement was that the WINNER would be CLOSE to a BODY of WATER. That is simply incorrect. The winner is further from the gulf than Las Vegas is to the Pacific. You have failed basic math, return to kindergarten.   

                    Well, we'll never have closure because if we are being ral nit picky here, the winner might well live next to a lake.SmashWink

                      Drenick1's avatar - villiarna
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                      Posted: June 29, 2016, 2:59 pm - IP Logged

                      OK, thanks for the info. I feel better now.

                      You're welcome. Some past jackpots actually had cash value ratios of less than 50% of the annuity. This current jackpot cash value is 69% of the advertised annuity.

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                        Posted: June 29, 2016, 3:15 pm - IP Logged

                        You're welcome. Some past jackpots actually had cash value ratios of less than 50% of the annuity. This current jackpot cash value is 69% of the advertised annuity.

                        Is that due to the current investment options of MUSL? That's never quite clear to me. It shouldn't, because cash isn't invested Thinking of...

                         

                        Good luck to anyone who is in it to win it. Gonna be a looong week end for a winner, what with the 4th coming up and lots of alcohol coming down.

                          Drenick1's avatar - villiarna
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                          Posted: June 29, 2016, 3:28 pm - IP Logged

                          Is that due to the current investment options of MUSL? That's never quite clear to me. It shouldn't, because cash isn't invested Thinking of...

                           

                          Good luck to anyone who is in it to win it. Gonna be a looong week end for a winner, what with the 4th coming up and lots of alcohol coming down.

                          The cash value is high because jackpot annuities are invested in safe government bonds which yields very little. With the current cash value ratio most financial experts I have spoken with would opt for the upfront cash. Personally even if the cash value was less than 50% I would still take the cash instead of the structured annuity which pays the bulk of the payments towards the end.

                            Piaceri's avatar - sarsony1
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                            Posted: June 29, 2016, 3:40 pm - IP Logged

                            I'm in!  And I'm in Texas near a large body of water, the Gulf Coast!  Wooooo!!!! Dance

                            face

                            singlewinnersinglewinnersinglewinner   

                              helpmewin's avatar - dandy
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                              Posted: June 29, 2016, 3:43 pm - IP Logged

                              $415 That's Mega Million

                               

                               

                              Good Luck everyone See Ya!

                              Let it Snow Snowman