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Mega Millions sets world record with $1.6 billion lottery jackpot for Tuesday drawing

Topic closed. 503 replies. Last post 4 years ago by Coin Toss.

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Zeta Reticuli Star System
United States
Member #30469
January 17, 2006
11659 Posts
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Somebody justify needing the sums this jackpot would provide, either way,annuity or cash.

I hope the record jackpot brings a record split.

Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

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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    Mt Sterling, IL
    United States
    Member #192745
    October 8, 2018
    199 Posts
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    lowellm,  Have you heard of, "Donor Advised Funds"? It might be an option instead of a Foundation. Cool

    I haven't heard of that, but I'll look into it. :) When I say "foundation", I'm using it as a catch-all, I don't mean it in any specific or litigious sense (In other words, I didn't know what else to call it, lol!) Thanks, music*!

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      Mt Sterling, IL
      United States
      Member #192745
      October 8, 2018
      199 Posts
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      Somebody justify needing the sums this jackpot would provide, either way,annuity or cash.

      I hope the record jackpot brings a record split.

      I don't know... Credit card debt? ;)

        Groppo's avatar - cat anm.gif

        United States
        Member #162624
        January 7, 2015
        780 Posts
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        Somebody justify needing the sums this jackpot would provide, either way,annuity or cash.

        I hope the record jackpot brings a record split.

        .

        I agree.   And hope for the same. Would 100 first prize winners be asking too much?

        • Don't chase the numbers you play.
        • Play only numbers you've already played, plus however many random picks.
        • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                   (so far, though, I've yet to win any significant lotto prize)
        • Oh, but always know where your tickets are, as well as your ticket's deadline.
          music*'s avatar - DiscoBallGlowing
          Fresno, California
          United States
          Member #157849
          August 2, 2014
          3959 Posts
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          I don't know... Credit card debt? ;)

          Green laughgood one lowellm.

           "We are all in this together!" 

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            Mt Sterling, IL
            United States
            Member #192745
            October 8, 2018
            199 Posts
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            Somebody justify needing the sums this jackpot would provide, either way,annuity or cash.

            I hope the record jackpot brings a record split.

            And, one other thing. Although this technically falls under the "luxury" category, rather than the "need" category, but it sure would be fun to flaunt it in front of the ex-wife! lol (I'm just kidding. but not really.)

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              United States
              Member #180546
              March 12, 2017
              240 Posts
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              .

              I agree.   And hope for the same. Would 100 first prize winners be asking too much?

              There will be a shocking number of winners if birthday numbers are drawn.  50+ winners for the JP and 1,000+ winners for the 5+0 tier I’d bet.

                Teddi's avatar - Lottery-008.jpg

                United States
                Member #142493
                May 13, 2013
                1394 Posts
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                Again, total agreement, Teddi. I keep a monthly budget, spend less than I make, give, save, make my own investment choices, retain a lawyer and a tax accountant, etc... All of this for a person of modest means, like myself. For someone who has never balanced a checkbook it would seem too overwhelming, I suppose, but it's all a part of being a responsible adult and small business owner. It tickles my brain to think of scaling it up from managing thousands to managing mega-millions. I'm not afraid nor am I intimidated, and although I do not know everything and I've never managed millions, I know the right questions to ask, and/or the right people who can guide me to the right question.

                A person's attitude towards money determines their level of success with it. I used to see it all the time. A guy who couldn't budget to live on $50,000/year ended up with a job where he's making $150,000/year, and he still can't budget it. He ends up still spending more than he brings in. It's never about the money,

                it's about the mindset.

                For these people, no matter what payment method you put them on or how much the sum is, they'll find a way to squander it all. It's not that hard to pick out those who will end up broke. We knew it was going to happen with Leroy Fick. We knew it was going to happen with Cynthia Stafford. Ditto with DLE.

                And it's not just lottery winners that have a tell. When Sheree Whitfield said "A budget. What's that? I don't shop on a budget." and when Toni Braxton blasted Oprah for telling her to never spend money until she knows how much she actually has, I knew they'd both be broke in no time flat. I had a good laugh when Toni filed for her second bankruptcy and Sheree got booted out her house.

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                  Simpsonville
                  United States
                  Member #163182
                  January 22, 2015
                  2917 Posts
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                  Ohio tickets purchased.  Broke my cardinal rule and did not do Powerplay or Megaplier.   Not a bad day went to two casinos with $300 and came home with $450 which included the $40 for lotto tickets.

                  The only real concern is with the MA Season Ticket.  Wonder if it can be claimed through a trust?  That would be all anyone would need to have their name plastered all over the place.  Best of my knowledge and one case comes to mind that they wait for the photo-op on Season ticket winners then release the information.

                    Groppo's avatar - cat anm.gif

                    United States
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                    January 7, 2015
                    780 Posts
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                    CDanaT,  I will make my CFP, Certified Financial Planner the leader of all my advisers. He or She will ask the tough questions that I need answers too. Party

                    .

                    Music*,

                    You seem well versed in the area of financial planning and/or such things.
                    Because of you, I now know what to do, if the unthinkable happens, tonight, Tuesday or on any lotto date.

                    This Certified Financial Planner is a yet another term, I've not known about.

                    What kind of tough questions could be expected?

                    Mr. Groppo

                    • Don't chase the numbers you play.
                    • Play only numbers you've already played, plus however many random picks.
                    • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                               (so far, though, I've yet to win any significant lotto prize)
                    • Oh, but always know where your tickets are, as well as your ticket's deadline.
                      Teddi's avatar - Lottery-008.jpg

                      United States
                      Member #142493
                      May 13, 2013
                      1394 Posts
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                      Who thinks tonight's Powerball will get hit or will it continue to roll like MM?

                       

                      $620M if it rolls...................

                      No idea, but I hope it rolls, just to make things interesting and to freak people out.

                        Original Bey's avatar - Lottery-022.jpg

                        Bahamas
                        Member #133456
                        September 30, 2012
                        7141 Posts
                        Offline

                        A person's attitude towards money determines their level of success with it. I used to see it all the time. A guy who couldn't budget to live on $50,000/year ended up with a job where he's making $150,000/year, and he still can't budget it. He ends up still spending more than he brings in. It's never about the money,

                        it's about the mindset.

                        For these people, no matter what payment method you put them on or how much the sum is, they'll find a way to squander it all. It's not that hard to pick out those who will end up broke. We knew it was going to happen with Leroy Fick. We knew it was going to happen with Cynthia Stafford. Ditto with DLE.

                        And it's not just lottery winners that have a tell. When Sheree Whitfield said "A budget. What's that? I don't shop on a budget." and when Toni Braxton blasted Oprah for telling her to never spend money until she knows how much she actually has, I knew they'd both be broke in no time flat. I had a good laugh when Toni filed for her second bankruptcy and Sheree got booted out her house.

                        You nailed it. There are stories of past lottery winners who sold out their annuities because they blew through the annual payments before the first quarter and knew more money was there for the spending. Even people with expert consultants put them on blast when the financial team's advise runs contrary to their whims.

                        "Do everything you can. Then, leave the rest to luck."

                          zephbe's avatar - animal butterfly.jpg
                          South Carolina
                          United States
                          Member #77165
                          July 15, 2009
                          896 Posts
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                          No idea, but I hope it rolls, just to make things interesting and to freak people out.

                          LOL

                            music*'s avatar - DiscoBallGlowing
                            Fresno, California
                            United States
                            Member #157849
                            August 2, 2014
                            3959 Posts
                            Offline

                            .

                            Music*,

                            You seem well versed in the area of financial planning and/or such things.
                            Because of you, I now know what to do, if the unthinkable happens, tonight, Tuesday or on any lotto date.

                            This Certified Financial Planner is a yet another term, I've not known about.

                            What kind of tough questions could be expected?

                            Mr. Groppo

                            Groppo,  Thank You for your compliments. I am not a Certified Financial Planner. 

                             A tough question that my CFP will ask is like, How are you paid? What experience do you have?   I am sure that my CFP will have many other questions when I am hiring say, a CPA or an investment firm.

                             A qualified CFP will have both academic credentials as well as on the job experience.

                             Try googling Certified Financial Planners.  I own and have read Susan Bradley's book titled, "Sudden Money". 

                             An excellent adviser will be worth the money you spend on him or her.

                             "We are all in this together!" 

                              Groppo's avatar - cat anm.gif

                              United States
                              Member #162624
                              January 7, 2015
                              780 Posts
                              Offline

                              Who thinks tonight's Powerball will get hit or will it continue to roll like MM?

                               

                              $620M if it rolls...................

                              .

                              Yes, it may as well roll, because of what we've experienced with the MM this time around,

                              . . . everybody is losing their brains on the constant rolls and everything.

                              "Peepoles needs ta just ca'm down and purtind like dey a gonna lose, not win, but lose."

                              • Don't chase the numbers you play.
                              • Play only numbers you've already played, plus however many random picks.
                              • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                                         (so far, though, I've yet to win any significant lotto prize)
                              • Oh, but always know where your tickets are, as well as your ticket's deadline.
                                 
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