Woman bets $50,000 of her lottery win for chance at $1 million

Comment #3

CCHS13 — Sat, 09 Aug 2008 00:15:16 GMT

RJOh I like your train of thought

Comment #2

RJOh — Fri, 08 Aug 2008 15:52:07 GMT

When you think about it, it's a no brainier because she only have to pay taxes on the final amount which means she's really only putting up $33K for the chance to win the million dollars, $17K of that $50K would have gone to the federal government as taxes had she decided not to take the chance.

Comment #1

savagegoose — Fri, 08 Aug 2008 15:39:13 GMT

ahh so its a reward for spending $30 on losing tickets. go in a draw for the chance to spin a wheel. she got the top prize on that wheel $150k.

her and the next 5 highest spinners who opt to spin again get the chance to go back and spin for $1mill. so it could be she is the only 1 who is going to lose money on the respin. as otheras may not have had $150k spins, maybe a few had $100k spins and lose nothing on the extra chance. maybe someone had a $25k spin, automatically getting an upgra... [ More ]

Woman bets $50,000 of her lottery win for chance at $1 million

Lottery Post — Fri, 08 Aug 2008 13:57:00 GMT

It's been said lightning never strikes twice, but Judith Yap is betting 50 grand that the old maxim is wrong.

Last month the Glen Ellyn nurse assistant won $150,000 in the Illinois Lottery, and now she's hoping to parlay it into $1 million in a single, 1-in-6 drawing. If she loses, she'll walk away with $100,000.

Yap will learn whether the gamble pays off at a lottery drawing at the end of September at U.S. Cellular Field on Chicago's South Side.

It's certainly a risk not many people wo... [ More ]