Man claims $16M Florida Lotto prize

Comment #39

KY Floyd — Fri, 30 May 2008 04:31:19 GMT

There's no question that it would be nice if you had the option of taking some cash upfront while setting some aside as an annuity, but that's not an option anywhere. I think it's an IRS issue, though if you can choose cash or annuity I don't see a logical reason why you couldn't choose some cash and the rest as annuity. Regardless of how some people view the Florida game, there's only one jackpot, so you only get the one choice for cash or annuity. The payout for the lottery is exactly the same... [ More ]

Comment #38

MeFirstYouLast — Thu, 29 May 2008 18:55:46 GMT

No matter how you slice, choosing the annuity equals loosing control of the base value. You have no control over it what-so-ever. You have no guarantee that the end prize promised will happen. The state will transfer the money to some group and they are no longer involved. No state has the resources to manage annuitys for year after year. Can you name a state that does not need extra money for something? No, they always need extra money. Some day they will need money, and look around for resourc... [ More ]

Comment #37

justxploring — Thu, 29 May 2008 18:21:51 GMT

I never got an answer, but I once wrote to the lottery and asked if a winner can take the base jackpot as a lump sum and the bonus as an annuity. Doesn't that make sense? It would actually benefit the lottery commission since they wouldn't have to payout as much. For someone who is concerned about managing his or her money, that might be the best of both worlds. For example, if you win Lotto on Sat, you'll get $21 million with a $1 bet. For me, there is absolutely no reason to add the extra doll... [ More ]

Comment #36

mylollipop — Wed, 28 May 2008 02:45:39 GMT

Way to go. I was not aware that there was also an additional option for annuity and lump sum. Neat concept for the young (thirty-five) and younger. When you hit fifty, you need to lump-sum-it! LOL

Comment #35

MeFirstYouLast — Wed, 28 May 2008 01:24:08 GMT

Yeah me too. I would cry and whimper all the way to the mortgage office! They would need a bucket to accept my payment. Some how, I feel they would cry also; thinking of the interest they'll be loosing, and thr wet bucket.

Comment #34

MeFirstYouLast — Wed, 28 May 2008 01:21:43 GMT

A lot of people like huge ears. Look at Barrack Hussen Obama, the half-white guy. His ears are twice the normal size. He has forbidden the left wing drive-by media to talk about them, but I can. They are huge! Looks like a tall Perot with a tan

Comment #33

DC81 — Tue, 27 May 2008 20:23:48 GMT

I think I would probably be more disappointed if I matched a 5+0 than I would if I didn't match anything. Sure the second prize is nice but I was just a power/mega ball away from the jackpot! It'd bug me even after getting the $250,000 before taxes check.

Comment #32

MeFirstYouLast — Tue, 27 May 2008 19:39:46 GMT

Like some one else said on the LP, I only spend the extra dollar one time a year; when Powerball replaces a number 5 with the number 10. I have never cheered for second place, and never will. All my money goes for the jackpot; any hit less is nice money, but also a disappointment. I think the megaplier is a waste of money. Hundreds of thousand of dollars go into the state coffers twice a week, and they pay back on a less then a handfull; sometime none. Throwing money at the lottery is bad enough... [ More ]

Comment #31

Sandra Dee — Tue, 27 May 2008 17:08:43 GMT

whaaaaaa? is it their wrinkles, their squinty little eyes or ears

Comment #30

hearsetrax — Tue, 27 May 2008 17:04:04 GMT

if Perot had the nads to run again ....I'd vote for him

anything HAS GOT TO BE BETTER then whar we at now

Comment #29

DC81 — Tue, 27 May 2008 16:40:31 GMT

And two creepy, whacky, little men.

Comment #28

Sandra Dee — Tue, 27 May 2008 14:35:25 GMT

just for the record my dream team would have been kucinich/perot -- fat mouth + fat wallet = a better america

Comment #27

hearsetrax — Tue, 27 May 2008 11:17:51 GMT

personally I tink we need to start bbqing both the elephants donkeys b4 they can breed again

any one got some spare napalm

Comment #26

OldSchoolPa — Tue, 27 May 2008 08:27:11 GMT

I think I will ignore your reply to my post MeFirstYouLast, as I believe the Donkey Party is all screwed up anyway. Hee-Haw

Comment #25

MeFirstYouLast — Sun, 25 May 2008 16:43:32 GMT

If the jackpot was $3M or even $6M and 2 people won, it would certainly make a life-changing difference if one of the winners added the $10M or $25M bonus.

Hummm. Very valid point. I had not put that into the hopper. I never think about the split; selfishness blocks that train of thought. Good nudge

Comment #24

justxploring — Sun, 25 May 2008 05:37:25 GMT

Think, I agree with you. If you go back and read what I wrote, I did mention that at least the new game gives players a choice. I was only stating that I try to stick to a budget and prefer to take any extra money I choose to spend and bet it on either another game or an additional ticket instead of increasing the jackpot. Obviously the man who won $16 million is happy he spent one extra dollar for $10 million more. For me, considering the odds, I'd rather increase my chances. However, you do ha... [ More ]

Comment #23

MeFirstYouLast — Sun, 25 May 2008 03:07:02 GMT

If I ignore the truth, that purpose of the lottery is to take money away from you, not to give it to you, I agree with the premise. I would love to see Mega or Powerball go to some concept of where paying an extra dollar or two and doubling or trippling the jackpot. Obviously it would result in lower base jackpots, but, when you hit, man would it be nice!

If they take fity percent and apply it now, I am not sure if they would make enough off of those who pay the extra dollar or two, to come u... [ More ]

Comment #22

Think — Sun, 25 May 2008 01:33:07 GMT

Well I suppose you could see it that way but what I saw was an article about players having a choice. Whatever game you have I believe the player should be given choices.

Currently Florida is the only state that offers players a chance to kick up the jackpot. They should have a smalliplier too. I know PB and MM are not sold in Florida and that is why Florida has one of the top in-state games in the country. It would be the best if you could smalliply also.

Comment #21

MeFirstYouLast — Sun, 25 May 2008 00:49:53 GMT

I take it you would want the Democratic Party to reverse its decision to exclude the results of the primaries for Florida and Michigan...getting excluded is what happens when you don't play by the rules...sorry Hil!

First of all it is N-O-T the Democratic Party, it is only the Democrat Party. It has never tried to change its name. That is a minor attempt to fool the uneducated into something it is not.

Secondly, since some one else brought it up, no matter how you look at it, honesty show... [ More ]

Comment #20

OldSchoolPa — Sat, 24 May 2008 18:22:08 GMT

I take it you would want the Democratic Party to reverse its decision to exclude the results of the primaries for Florida and Michigan...getting excluded is what happens when you don't play by the rules...sorry Hil! Anyway, I like the way Florida has its lotto setup with a jackpot winner having a chance to add on a bonus amount for an extra buck or two. It would peeve me off to win the PB or MM (in TX) jackpot after having paid an extra buck for the Powerplay (Megaplier) as it would have no effe... [ More ]

Comment #19

justxploring — Sat, 24 May 2008 17:06:47 GMT

Florida doesn't have MM or PB. This article is about the Florida Lotto. It is a 6/53 game that starts at $3 million and rolls each time nobody wins. The extra $1 adds $10 million as a bonus and, if you spend $3 per ticket, the bonus is increased to $25 million. In all cases, you can choose to take your prize as a lump sum (averaging 55% of the total) or a 30 year annuity. The winner in this story won $6 million and added $1 for a total of $16 million and took the lump sum. All I was saying is th... [ More ]

Comment #18

Think — Sat, 24 May 2008 16:23:42 GMT

The smallaplier option should be there too but I would not use it.

The only time I might do that is if PB/MM had an option that had bigger multipliers but only for second and third prizes.

Hopefully PB/MM will do a double jackpot thing and powerplay/megaply and maybe a goldaplier that has higher multipliers but only for second and third prizes and maybe silverplier with a higher multiplier for lower prizes. That should be enough choices for most people.

So then you could jackpot kicker... [ More ]

Comment #17

justxploring — Sat, 24 May 2008 16:06:16 GMT

I agree with GamerMom. The extra dollar should increase the lower tier prizes. Only then will I spend it. I got a few 3 out of 6 wins this year and on Wed I got 4 out of 6. Had I spent the money on increasing the jackpot with the hope that I'd win with my other combinations (instead of just buying a few more tickets) I would have gotten nothing at all.

Comment #16

Think — Sat, 24 May 2008 15:49:23 GMT

Well everyone has their own way of figuring what jackpot to play for.

I figure out the yearly amount in todays dollars then multiply that by recent historic worst case inflation scenarios for 20, 25, 26 or 30 years depending on the game and then I multiply that by the annuity duration to get the jackpot that I play for.

As an example -

$50,000 * 4.831(30 years inflation) = $241,550 * 30years = 7.3 million advertised annuity amount. Actuall figures will vary but that is as good a way to

Comment #15

MeFirstYouLast — Fri, 23 May 2008 22:31:38 GMT

Ever seen a lottery sellers store that looks like a Casino? I can buy a drink in a Las Vegas casino and sit for hours watching people having a great time, enjoying the color, entertainment, and comfort of air conditioning. Cost, about five bucks. Five bucks at a lotto store and all I get is broken english and a need to get back in my car!

Although the goal of the Casino and the lottery is to take your money, I enjoy being screwed in Vegas, in the lottery store I feel unwanted. When I was a ki... [ More ]

Comment #14

BuyLow — Fri, 23 May 2008 22:19:26 GMT

Oh come on....it's just like Vegas builds all the casinos with the winners money.....LOL

Comment #13

MeFirstYouLast — Fri, 23 May 2008 22:11:16 GMT

As long as you can afford to loose money, it matters not how you throw it away. Three dollars instead of one dollar is the advantage of those who can afford to loose money. Buy a three dollar ticket or buy a one dollar ticket and a Hersey Bar. Atleast with the Hersey Bar, you get some nutrition - and pleasure.

Remember, the goal of the lottery is to take as much money from you as possible. Your goal is outwit all the experts and tremendous odds; only you get to spend real money proving your p... [ More ]

Comment #12

GamerMom — Fri, 23 May 2008 01:08:15 GMT

I guess i would just rather have 3 chances at winning 3 million than 1 chance at winning 12 million or whatever the top jackpot is. I'm not a greedy person, i'll take the lower prize---it's more than I had to start with

Comment #11

MeFirstYouLast — Fri, 23 May 2008 01:04:34 GMT

RULE ONE: The lottery was created to T-A-K-E your money, not to reward you for gambling. RULE TWO: See rule one.

The extra dollar gimmick was activated because studies show it would make money for the lottery. The officials make bonuses whenever they make additional money. Paying an extra dollar for a lower tier win is a guarenteed bonus maker for a Lottery Directory.

Once the ten ammendments were added to the U.S. Constitution, no one in the governemnt, city, state, or federal, has ever w... [ More ]

Comment #10

Think — Fri, 23 May 2008 00:54:15 GMT

This is a jackpot game. The smaller prizes are there so you can feel like you won something. I don't understand why people play jackpot games to win second prize or lower prizes. Maybe you don't understand how good this in-state game is compared to other states where you have to wait forever for the jackpots to grow! Google ring michigan and find the lottery link and look how long it takes a jackpot here to roll to 3 million dollars. If I could pay a dollar or two extra so I didn't have to wait... [ More ]

Comment #9

mken32 — Thu, 22 May 2008 21:42:19 GMT

I will buy my 3 bucks Ticket......

Comment #8

pigsNtrees — Thu, 22 May 2008 21:19:26 GMT

Do you feel the same way about the Megaplier? I have never bought a ticket that I didn't think, I could win this. My lotto tickets are not an impulse buy. So the idea that I could double, triple or quadruple my money, for a dollar more, makes sense.

Comment #7

psykomo — Thu, 22 May 2008 20:52:50 GMT

WOW YouLast:

This would be a G@@D POLL ????????????

Please tale us about UR pottie manner's droppin drawer's ?????

IF U live in VEGAS, U could most likely write a book on UR above post

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

LOL

PSYKOMO

Comment #6

MeFirstYouLast — Wed, 21 May 2008 21:08:07 GMT

Like everything in life, it always wise - when it works out. For the thousands who lost their money, it wasn't aa wise investment.

This is just additional proof that the shiney lure never fails to attract the losers. Buying a lottery tickets has three main characters: One, those that want the jackpot; Two, those that have a lower acievement goal, which is, take anything they can get, and Three, those who just spend money because they haven't brains enough to drop their drawers when they sit... [ More ]

Comment #5

tiggs95 — Wed, 21 May 2008 20:45:21 GMT

I use to carry mail in Bradenton and know where he bought the ticket..Good for Charley and at his age glad he is quitting his job and living off the money..That's I will do when I hit!!...

Comment #4

GamerMom — Wed, 21 May 2008 20:01:10 GMT

what ticks me off about the whole, add 1 or 2 dollars is: If you spend the extra $$$ and get 5 out of 6 numbers you still win the same lousy five or so grand. I think it should be upped all across the board.

They are making a KILLING off of this. I will never pay more than $1 for my Fla lotto numbers.

Comment #3

ThatScaryChick — Wed, 21 May 2008 17:55:13 GMT

I'm sure he is happy that he decided to add that extra dollar.

Comment #2

JackpotWanna — Wed, 21 May 2008 13:01:42 GMT

Wise $2 investment. = $16 million!

Wow

Comment #1

time*treat — Wed, 21 May 2008 11:48:35 GMT

But I think I will start buying the $3 Lotto Plus from now on.

But a co-worker ... said Chuck had quit his job. gossipy, aren't they

Man claims $16M Florida Lotto prize

Lottery Post — Wed, 21 May 2008 11:40:22 GMT

Played new Lotto feature to up his winnings by $10 million

First winner of Lotto Plus feature

A Bradenton, Florida, man Monday stepped forward to claim his winnings for a $16 million lottery ticket.

Charles E. Hill, 56, took the one-time, lump-sum payment of $9,072,011 on the ticket he purchased May 10 at Bud's Mini Mart, 1000 Carlton Arms Blvd., according to a Florida Lottery press release.

Hill purchased a $2 ticket that upped his winnings by $10 million over the $6 million ja... [ More ]