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$359 MILLION: Powerball jackpot heats up

67 replies. Last post 13 days ago by Redd55.

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United States
Member #135804
November 29, 2012
318 Posts
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Posted: November 20, 2016, 11:57 pm - IP Logged

.

Mr./Ms. Toronto,

I never understood the posted amounts.
Like we see on Usamega.com (the "hover over" amount displayed).

What you're saying is the first thing I've heard that sort of makes sense, BUT, I never thought things like Trump being elected had anything to do with it. Or anything Federal for that matter.  Yes, Yes, I know, that there have been tax discussions and so on, on here but I really had no idea.

I'm not a tax person, and any clues I get on such matters, come from here.

I wonder if it would be asking Todd too much to post a special article on the how/why the posted annuity value differs from the cash value.  I don't want to ask him myself.  He may be too busy.

Groppo

https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield

 

you can see how rates moved following the election. Sometimes market participants cannot just put on Federal Reserve bets when something as big as an election is looming, so it occurs the day after. You can see the 10-year benchmark moved 19 basis points the day after the election.

The markets believed Trump would create more volatility in the markets, but his victory speech was conciliatory, so the concern has dissipated and the focus turns to the Fed's decision in December.

    Tatototman65's avatar - Lottery-009.jpg

    United States
    Member #138729
    February 4, 2013
    2872 Posts
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    Posted: November 21, 2016, 7:40 am - IP Logged

    Good luck to all!!!

    Smile

    Want regulated Internet gaming in your state? Got 30 SECONDS to spare?
    MI Residents ONLY (Time is running out; ACT NOW)-
    Click me
    Open to EVERYONE- Click me

      wander73's avatar - Lottery-038.jpg
      Philadelphia, PA
      United States
      Member #153774
      March 24, 2014
      895 Posts
      Online
      Posted: November 21, 2016, 8:25 am - IP Logged

      The cash value is the REAL jackpot. They post the annuity for the jackpot because it looks better, it's bigger.

      To get the annuity amount, they take whatever the cash value is and calculate the percentage based on the current interest rate. The annuity is the amount the cash value is worth with interest over a 30 year period.

      I probably didn't explain it very well. Frankly, most people choose the cash, and I always choose the cash when I buy my tix. In Texas we have to make the choice when we buy our tix, unlike other states.

      That's a lesson that I learned a few years ago especially the interest rate.  The problem is your average Joe doesn't quite get that. Some people I see around here in Philly need to be educated better and they're not.  All they see is the bigger number. 

       

      Those same people are probably in grey areas and watching every nickel and dime.

       

      I hope I can figure out at least 4 or 5 numbers.  That would be nice.

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        United States
        Member #173496
        March 5, 2016
        92 Posts
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        Posted: November 21, 2016, 8:31 am - IP Logged

        That's a lesson that I learned a few years ago especially the interest rate.  The problem is your average Joe doesn't quite get that. Some people I see around here in Philly need to be educated better and they're not.  All they see is the bigger number. 

         

        Those same people are probably in grey areas and watching every nickel and dime.

         

        I hope I can figure out at least 4 or 5 numbers.  That would be nice.

        While I know how the annuity and lump sum work....I only focus on the big number.

         

        I won't lie.....that is what grabs my attention and that is what gets me excited just like those people you have pigeon holed into gray areas.

         

        We all have different motivations....and there are two sides to a coin....I chose not to sweat the small details. if I will big or small I am set.....but honestly ,  the bigger the better

          wander73's avatar - Lottery-038.jpg
          Philadelphia, PA
          United States
          Member #153774
          March 24, 2014
          895 Posts
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          Posted: November 21, 2016, 9:39 am - IP Logged

          I checked out the powerball sites and 28, 61 came out twice.  No way those are coming out again.   16 came out of course.  The numbers being drawn look so simple but of course we all know there could be different combos. 

           

          I see a 41 coming out and maybe 16 again but could be wrong.

            music*'s avatar - nw bookeep.jpg
            Happy California
            United States
            Member #157856
            August 2, 2014
            1521 Posts
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            Posted: November 21, 2016, 12:51 pm - IP Logged

            I could use a nice win like this

            My furnace stopped working last month when I was in the hospital, and now I am very cold .............

            dpoly1,  Congratulations for being discharged from a hospital alive. Most Hospitals discourage lengthy amounts of time in a hospital. Too many viruses.

             I hope you will soon have a warm Holiday Season! Cheers

             As a Veteran Lottery Post member, you deserve to win this Top 25 jackpot. 

             I have enjoyed your posts.

            music*

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

             Attributed to Joe E. Lewis and others

              hearsetrax's avatar - 0118

              United States
              Member #52345
              May 21, 2007
              2659 Posts
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              Posted: November 21, 2016, 12:56 pm - IP Logged

              wish I was as talented as some people think I am .... jejejeje

              but sadly that cat pic is one of millions out thar floating about in cyberspace

               

              get better soon,Dpoly1 and I'm glad you made it out of the Hospital alive

              nasty places indeed ....

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                Simpsonville
                United States
                Member #163189
                January 22, 2015
                677 Posts
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                Posted: November 21, 2016, 4:41 pm - IP Logged

                dpoly1,  Congratulations for being discharged from a hospital alive. Most Hospitals discourage lengthy amounts of time in a hospital. Too many viruses.

                 I hope you will soon have a warm Holiday Season! Cheers

                 As a Veteran Lottery Post member, you deserve to win this Top 25 jackpot. 

                 I have enjoyed your posts.

                music*

                music*

                 

                It's not the viruses that get you in the hospitals, it is bacteria.   The scary one is necrotizing fascititis (flesh eating bacteria).  We had one kid who lost both legs, 1 arm and 1/2 the other and another kid lost both feet and hands.

                 

                On a positive note, Massachusetts' semi-annual lottery sale is in effect until 7 JAN 17; this time around I'm getting L4L as the others haven't done a darn thing.

                  music*'s avatar - nw bookeep.jpg
                  Happy California
                  United States
                  Member #157856
                  August 2, 2014
                  1521 Posts
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                  Posted: November 21, 2016, 4:50 pm - IP Logged

                  music*

                   

                  It's not the viruses that get you in the hospitals, it is bacteria.   The scary one is necrotizing fascititis (flesh eating bacteria).  We had one kid who lost both legs, 1 arm and 1/2 the other and another kid lost both feet and hands.

                   

                  On a positive note, Massachusetts' semi-annual lottery sale is in effect until 7 JAN 17; this time around I'm getting L4L as the others haven't done a darn thing.

                  Bleudog101, Thank You for the correction. Simple bacteria, who would have thought? Scary indeed!

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

                   Attributed to Joe E. Lewis and others

                    dpoly1's avatar - driver
                    PA
                    United States
                    Member #66141
                    October 16, 2008
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                    Posted: November 21, 2016, 10:22 pm - IP Logged

                    Nice!

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

                     

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

                      dpoly1's avatar - driver
                      PA
                      United States
                      Member #66141
                      October 16, 2008
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                      Posted: November 21, 2016, 10:23 pm - IP Logged

                      Thanks!

                      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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                        United States
                        Member #163996
                        February 15, 2015
                        68 Posts
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                        Posted: November 22, 2016, 4:06 am - IP Logged

                        I wonder if Trump will be lowering the lottery tax rate from it's current 39.6% to .....perhaps 10%......or zero.

                        Yes Nod  Smiley Santa

                          Skibunnylk's avatar - Lottery-059.jpg

                          United States
                          Member #157701
                          July 28, 2014
                          137 Posts
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                          Posted: November 22, 2016, 6:34 pm - IP Logged

                          I wonder if Trump will be lowering the lottery tax rate from it's current 39.6% to .....perhaps 10%......or zero.

                          Yes Nod  Smiley Santa

                          Trump will be lowering the corporate tax rate to 15% and there is a good chance he will be lowering the income tax rate as well, I have heard the top tier tax rate will be anywhere from 15-33% so we will all have to wait and see.

                          Never attempt to maintain a lifestyle you can't afford.

                            helpmewin's avatar - dandy
                            u$a
                            United States
                            Member #106665
                            February 22, 2011
                            19843 Posts
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                            Posted: November 22, 2016, 10:59 pm - IP Logged

                            LETS SEE IF IT WILL BREAK THE RECORD OF 1.5 BILLION.AFTER ALL , RECORDS ARE MADE TO BE BROKEN.PartyUS FlagParty

                            maybe you buy more tickekets it will get there faster I Agree!

                            Let it Snow Snowman

                              music*'s avatar - nw bookeep.jpg
                              Happy California
                              United States
                              Member #157856
                              August 2, 2014
                              1521 Posts
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                              Posted: November 23, 2016, 6:54 am - IP Logged

                               Just imagine what you will do with all this money! How will your life be changed forever? 

                               Most of us have been playing and praying for a win like this. What now when your ship comes in?

                               All of your dreams will come true!

                              Be safe and win soon!Group Hug

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

                               Attributed to Joe E. Lewis and others