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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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TheMeatman2005's avatar - lightening
Brooklyn, NY
United States
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October 29, 2015
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Posted: July 16, 2016, 11:28 pm - IP Logged

The annuity jackpot at drawing time was raised to $335,500,000.

Using the same percentage of 237/333 I figure that the cash amount should be about $238,779,279

The Meatman

“The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

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    Zeta Reticuli Star System
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    Posted: July 16, 2016, 11:56 pm - IP Logged

    Just my $.02 but some of these rambling discussions about taxes on jackpots not won, etc...can be entertaining but remind me of a passage in one of Mario Puzo's books. (It was about writing the Godfather).

    He was in an Army hospital in WW II and was in a ward for those who had head wounds. One day one the patients started telling everybody he had a million dollar idea and asked everybody else in the ward what they thought about.

    Most said they thought it was a good idea but then this one guy said, "Let's go ask in a different ward where every body didn't get hit in the head."

    YMMV

    Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

    Lep

    There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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      Bahamas
      Member #133462
      September 30, 2012
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      Posted: July 17, 2016, 2:23 am - IP Logged

      $361m

      "Everything works  ONCE!"

        Kingofearth's avatar - Kinnak
        Upstate NY
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        Posted: July 17, 2016, 2:39 am - IP Logged

        $361m

        When MM rolled from 333, it increased to 363. Powerball costing twice as much should have meant a roll to 393. It'll have a MM style slow roll upwards until somebody in a rural area of a small state somehow grabs the sole winning ticket. I'm gonna sit out until it gets over 430, it can't win lower then that.

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          Simpsonville
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          Posted: July 17, 2016, 5:31 am - IP Logged

          $361m

          You beat me to the punch by 3 hours.  Climb baby, climb!

            hearsetrax's avatar - 0118

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            May 21, 2007
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            Posted: July 17, 2016, 6:12 am - IP Logged

            You beat me to the punch by 3 hours.  Climb baby, climb!

            Skeptical  I figured it'd roll over .... heres to Wednesday's Drawing

             

            may she roll a couple more times

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              Posted: July 17, 2016, 7:23 am - IP Logged

              When MM rolled from 333, it increased to 363. Powerball costing twice as much should have meant a roll to 393. It'll have a MM style slow roll upwards until somebody in a rural area of a small state somehow grabs the sole winning ticket. I'm gonna sit out until it gets over 430, it can't win lower then that.

              You are absolutely correct.

              PB has more players per state/territory than MM

               

              1. could be player fatigue
              2. the media is not hyping it up (I didn't see any lines)
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                Simpsonville
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                Posted: July 17, 2016, 7:24 am - IP Logged

                Skeptical  I figured it'd roll over .... heres to Wednesday's Drawing

                 

                may she roll a couple more times

                What about $400 million after Wednesday?  I've been wrong this time too, thought it would be $363 million.  Knowing MUSL it'll be a tad below the 400 mark.


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                  Posted: July 17, 2016, 9:44 am - IP Logged

                  Holy cow, I have heard everything now.   ONE HUNDRED TEN MILLION DOLLARS ISNT GOING TO GO VERY FAR HERE IN THE U.S.  ARE YOU NUTS?  Give me $110 million and I will guarantee, I would have a great life along with my family and others I choose to share it with.

                  Although I do not agree with you on most everything, this last post of yours has earned you the moron of the month.  Go back to La La Land.  What a waste of time.

                  Uhh no, I'm not crazy...I just plan on not going broke when I win lol.  Yes, $110 million is not much to live on for the rest of your life if you're a younger person.  If I were 70 years old, sure no problem.  At my age I'd probably not feel really financially comfortable unless I won some record shattering jackpot that netted me $1 billion after taxes.  It's not the 1950's anymore, you can't buy a nice home for $30,000, or a nice car for $5,000.

                    hearsetrax's avatar - 0118

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                    Posted: July 17, 2016, 10:29 am - IP Logged

                    Uhh no, I'm not crazy...I just plan on not going broke when I win lol.  Yes, $110 million is not much to live on for the rest of your life if you're a younger person.  If I were 70 years old, sure no problem.  At my age I'd probably not feel really financially comfortable unless I won some record shattering jackpot that netted me $1 billion after taxes.  It's not the 1950's anymore, you can't buy a nice home for $30,000, or a nice car for $5,000.

                    Skeptical  I saw a few nice places this morning  on the water for under $140k this morning for a couple of acres

                    and i've posted a few decent cars for less then $10k of course these aren't as nice as brand new

                     

                    this may not be the 1950s ... but for the 21st century you can find a few bargains if you look hard enough

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                      Happy California
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                      Posted: July 17, 2016, 10:29 am - IP Logged

                       A Californian who cannot successfully live off  $151 million will need help. Both financially and mentally speaking. He/She can afford it. 

                       Asset Protection will be the important thing in the winners' life. 

                       Take your time in cashing your winning ticket in. Get all your ducks in a row.

                       Life will be sweet for the LP member who wins!

                      Party

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

                       Attributed to Joe E. Lewis and others

                        TheMeatman2005's avatar - lightening
                        Brooklyn, NY
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                        Posted: July 17, 2016, 10:41 am - IP Logged

                        Uhh no, I'm not crazy...I just plan on not going broke when I win lol.  Yes, $110 million is not much to live on for the rest of your life if you're a younger person.  If I were 70 years old, sure no problem.  At my age I'd probably not feel really financially comfortable unless I won some record shattering jackpot that netted me $1 billion after taxes.  It's not the 1950's anymore, you can't buy a nice home for $30,000, or a nice car for $5,000.

                        $110 mil is not a high amount compared to some of the bigger jackpots.

                        Let's just say that someone in their 20's won. And let's just say that they lived 60+ or more years. They would be able to live on just under $2 mil / year.

                        Now that nobody won, the cash after tax amount goes to approx (depending on the state you live in) $131 mil. That same 20 something person could live on just over $2 mil / year.

                        Remember, the above amount does not include any additional amount from interest or investments. Hopefully the winner will not squander their new found riches and invest wisely.

                        With that amount, you can buy a nice house and nice car(s) and share some of your good fortune. 

                        The Meatman

                        “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                        Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

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                          Posted: July 17, 2016, 10:51 am - IP Logged

                          If the low amounts of the turn overs are due to depressed interest rates, how does one explain that on Jan 2 the pot was $355 million, on Jan 6 $524 million, and on Jan 9, $949.8 million? Now, I know the last one was due to lotto fever but the jump from $355 mil to $524 mil is quite a leap. 

                            TheMeatman2005's avatar - lightening
                            Brooklyn, NY
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                            Posted: July 17, 2016, 10:53 am - IP Logged

                             A Californian who cannot successfully live off  $151 million will need help. Both financially and mentally speaking. He/She can afford it. 

                             Asset Protection will be the important thing in the winners' life. 

                             Take your time in cashing your winning ticket in. Get all your ducks in a row.

                             Life will be sweet for the LP member who wins!

                            Party

                            What about the interest that $151 mil will be earning?

                            If you invest wisely,the money will grow just as if you took the annuity payments. The money isn't just going to sit in your basement and do nothing for all those years to come!

                            The Meatman

                            “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                            Winning happens in a flash, Like A Bolt Of Lightning!  Patriot


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                              Posted: July 17, 2016, 10:58 am - IP Logged

                              Uhh no, I'm not crazy...I just plan on not going broke when I win lol.  Yes, $110 million is not much to live on for the rest of your life if you're a younger person.  If I were 70 years old, sure no problem.  At my age I'd probably not feel really financially comfortable unless I won some record shattering jackpot that netted me $1 billion after taxes.  It's not the 1950's anymore, you can't buy a nice home for $30,000, or a nice car for $5,000.

                              yes, you are certifiable crazy. what's wrong with winning 110 million at any age. if you're young you can continue to play (please don't say no one wins twice) for years and actually afford to play every lottery you can get to if you so desire. the idiots who don't play because it's not enough should be banned from playing if that were possible.

                                 
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