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$333 MILLION: Powerball offers up summertime riches

Topic closed. 182 replies. Last post 5 months ago by music*.

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Chief Bottle Washer
New Jersey
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May 31, 2000
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Posted: July 14, 2016, 8:53 pm - IP Logged

But you repeat other useless things but not this very important thing

You sound very pleasant, thanks so much for the feedback.

 

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

 

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

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    Simpsonville
    United States
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    January 22, 2015
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    Posted: July 14, 2016, 9:01 pm - IP Logged

    Increase your chances of winning by buying tickets in Indiana!

    Will someone here from IN buy me tickets? LOL I'll split it 50/50 if my ticket wins!  If anything we'll win $4 because Indiana has probably never sold a losing ticket, so I'll get my $2 back and you'll profit $2!

    I rarely win anything in Indiana...just checked my ticket from 9 JULY 16, only one # on it.

    Bought one PB with PP from the machine this morning and online tonight in KY.  Still waiting for MA season ticket to come in.  Also waiting for my new Season tickets for PB and MM from MA...come on Kirstie and Dan don't let me down.  Perhaps they'll come in the mail soon.


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      Posted: July 14, 2016, 9:12 pm - IP Logged

      But you repeat other useless things but not this very important thing

      everyone likes todd. he has created a top notch site here. it is difficult to keep coming up with fresh material to convey lottery stories and news each day. listing lifetime lottery amount standings seems to be popular with most even if it's overdone. maybe it's to drive sales since people want to get in on the biggest jackpots only. he keeps track of that for them. fine. what interest rates are, annuity payments, and tax bites are only minimally important if you win one of these. continuing to discuss that stuff is ridiculous. need more stories like on "how the lottery changed my life".

        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
        Bay Area - California
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        Posted: July 14, 2016, 9:42 pm - IP Logged

        Do any of us "regular" players even look at the annuity amount? Most of us are taking the lump sum cash payout anyway.

        l glance at the annuity ever so now and then just because the powers that be have posted it in the Usamega section.It would really work for people who have difficulty controlling their spending habits.David Lee Edwards would have been a perfect candidate to take the annuity... just saying.

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

          dpoly1's avatar - driver
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          Posted: July 14, 2016, 9:51 pm - IP Logged

          Dance

          I browsed the inventory at Bentley and Maserati of Pittsburgh today, just to be prepared LOL!

          $$$$$$$$$ I'm ready!

          dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

           

          Eschew Poverty ........... Vote Conservative!

            Piaceri's avatar - sarsony1
            Republic of Texas
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            Posted: July 14, 2016, 10:02 pm - IP Logged

            You sound very pleasant, thanks so much for the feedback.

            Drum

            LOL

            Green laugh

            ROFL

            face

            singlewinnersinglewinnersinglewinner   

              Piaceri's avatar - sarsony1
              Republic of Texas
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              Posted: July 14, 2016, 10:06 pm - IP Logged

              I didn't see you there got your tickets yet?Green laugh

              There? Where? Hiding Behind Computer

              Banana

              Picked up 1 today. Still gotta get a few more. 

              Banana

              face

              singlewinnersinglewinnersinglewinner   

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                Posted: July 14, 2016, 10:19 pm - IP Logged

                Dance

                I browsed the inventory at Bentley and Maserati of Pittsburgh today, just to be prepared LOL!

                $$$$$$$$$ I'm ready!

                Fellow Yinzer...!!!!!

                 

                Woop woop??????????

                 

                But on another note, just read today that PA lottery winnings are now to be taxed. Wish they had asked for out opinion.....I would gladly pay I come tax if I was allowed to be anonymous

                  music*'s avatar - nw bookeep.jpg
                  Happy California
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                  Posted: July 14, 2016, 10:25 pm - IP Logged

                  Fellow Yinzer...!!!!!

                   

                  Woop woop??????????

                   

                  But on another note, just read today that PA lottery winnings are now to be taxed. Wish they had asked for out opinion.....I would gladly pay I come tax if I was allowed to be anonymous

                   States beginning to tax lottery winnings is another reason not to take the annuity.

                   I've been rich and I've been poor. Believe me, rich is better. 

                   Attributed to Joe E. Lewis and others

                    noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                    Posted: July 14, 2016, 10:42 pm - IP Logged

                    California is one of a handful of States that does not tax lottery winnings.  I sure hope they keep it that way . With casinos springing up all over the State- they would be wise to not go down the path of squeezing the playing public for every nickel they can get.l visited San Francisco a month ago and there is  NO free parking anywhere in the city.  it's Bang Head

                     

                     

                     

                     

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

                      lejardin's avatar - Lottery-014.jpg

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                      Posted: July 14, 2016, 10:51 pm - IP Logged

                      Becoming a USA Senator or being elected to congress is just like winning a lottery jackpot.

                      Drenick1, no truer words were ever spoken.

                        weshar75's avatar - Lottery-042.jpg
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                        Posted: July 14, 2016, 11:19 pm - IP Logged

                        I will gladly take $2 million this saturday night if my ticket comes in.-weshar75

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                          dpoly1's avatar - driver
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                          Posted: July 14, 2016, 11:32 pm - IP Logged

                          Fellow Yinzer...!!!!!

                           

                          Woop woop??????????

                           

                          But on another note, just read today that PA lottery winnings are now to be taxed. Wish they had asked for out opinion.....I would gladly pay I come tax if I was allowed to be anonymous

                          You are correct as the Thieves in Harrisburg will line the pockets of the public employee unions with part of your money should you win!

                          I believe that this robbery starts on August 1st!

                          Puke

                          dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                           

                          Eschew Poverty ........... Vote Conservative!

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                            NY
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                            Posted: July 15, 2016, 1:26 am - IP Logged

                            Haven't interest rates been this low or lower since 2001ish?

                            No. If you look at the list of annuity values and cash values the answer is easy to find. The two oldest cash values (2007) on the list would both have earned about 67 cents for every dollar invested in the annuity. For the current PB jackpot each dollar will earn just over 40 cents.

                            Then check the older entries for annuity value. In 2005 PB had an annuity value of $340 million, but that one didn't make the cash list because it's cash value was too small. That means the cash value was something less than the smallest cash value of $185 million. That means something less than $185 million invested in an annuity earned at least $155 million. The cash value for that one was actually only $164.4 million, so as an annuity it would have more than doubled in value, earning $175.6 million, which works out to almost $1.07 for every dollar of cash value.

                            The effect of interest rates on the difference between those older values and today's is even bigger because the annuity payments are different. Annuities for those old  jackpots would have been paid in 25 fixed installments, whereas today's would be paid in 30 installments with the payments starting out at less than 1/30th of the total and increasing every year. That means that the cash is invested longer, and more of the cash is invested.

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                              Posted: July 15, 2016, 2:31 am - IP Logged

                              No. If you look at the list of annuity values and cash values the answer is easy to find. The two oldest cash values (2007) on the list would both have earned about 67 cents for every dollar invested in the annuity. For the current PB jackpot each dollar will earn just over 40 cents.

                              Then check the older entries for annuity value. In 2005 PB had an annuity value of $340 million, but that one didn't make the cash list because it's cash value was too small. That means the cash value was something less than the smallest cash value of $185 million. That means something less than $185 million invested in an annuity earned at least $155 million. The cash value for that one was actually only $164.4 million, so as an annuity it would have more than doubled in value, earning $175.6 million, which works out to almost $1.07 for every dollar of cash value.

                              The effect of interest rates on the difference between those older values and today's is even bigger because the annuity payments are different. Annuities for those old  jackpots would have been paid in 25 fixed installments, whereas today's would be paid in 30 installments with the payments starting out at less than 1/30th of the total and increasing every year. That means that the cash is invested longer, and more of the cash is invested.

                              In my defense, separately I understood what each and every one of those words meant.  However when put together in this way...

                                 
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