$185 MILLION: Huge Powerball lottery jackpot set for Wednesday

Comment #66

KY Floyd — Sat, 24 Nov 2012 07:38:27 GMT

It depends on what you mean by profiting from the annuity. The state makes no extra money if a winner chooses the annuity. On the contrary, they actually incur a modest cost for wrtting and delivering the annual payments.

OTOH, they certainly make more money as a result of advertising the inflated and imaginary value of the annuity prize. While many of us know what the cash value is, or even choose whether or not to play based on the after-tax net, many (probably most) players decide based on... [ More ]

Comment #65

jrosina — Fri, 23 Nov 2012 17:39:45 GMT

We Know LOL... Happy to be home

Comment #64

mcginnin56 — Fri, 23 Nov 2012 15:37:21 GMT

Always jrosina!!!

Good luck Wednesday.

Comment #63

jrosina — Fri, 23 Nov 2012 14:39:58 GMT

WE think you are all right!!! ha,a,a!!! stay positive

Comment #62

psykomo — Sun, 18 Nov 2012 08:41:18 GMT

LG:

think Big Bird will win PB on November 21

Comment #61

chuck32 — Sun, 18 Nov 2012 06:34:13 GMT

I doubt it, but then I kind of know the truth. Players can choose between cash or annuity. The cash is all of the money that the lottery has (a percentage of sales). The annuity is what the lottery can pay out if most of the cash is invested over time (the first payment is in cash). The lottery can invest the money BEFORE taxes - unlike the winner who pays tax and then invests the rest. Plus, the winner actually gets a contract from all of the states that guarantees payment of yearly payments. T... [ More ]

Comment #60

Ronnie316 — Sun, 18 Nov 2012 01:12:22 GMT

Does anyone doubt that the reason the states offers annuities is because they profit from them

Comment #59

Ronnie316 — Sun, 18 Nov 2012 00:39:39 GMT

Why not take the cash and buy your own annuity??

Annuities are not the greatest of investment vehicles but at least it would be yours and not the states.

Comment #58

mcginnin56 — Thu, 15 Nov 2012 19:35:25 GMT

Sorry to hear that zinniagirl, if I could spare it I would have someone fill up your tank today.

Good luck this Saturday

Comment #57

zinniagirl — Thu, 15 Nov 2012 15:27:30 GMT

I hear you! My house is at 59' as I type this. Can't afford to heat it any warmer! But, hey that's what sweaters are for.

Good luck to everyone who plays PB. I'll see you when you play MM again

Comment #56

Nikkicute — Thu, 15 Nov 2012 06:46:35 GMT

No winners tonight so Play On!!!!!! and keep dreaming of the win

Comment #55

Simba774 — Wed, 14 Nov 2012 08:21:17 GMT

Say hello to America's newest millionaire. That dream shopping spree is long overdue.

Comment #54

KY Floyd — Tue, 13 Nov 2012 08:23:36 GMT

Some of it made sense, but there's one thing where I think people are just buying into the hype.

we want capital gains taxes low because we want investors investing in the economy.

Simply investing in the economy doesn't really do anything. What matters is producing, selling and buying products or services. Buying stock that's owned by another investor doesn't do anything more for the economy than moving money from your savings account to your checking account. If the investor you bought... [ More ]

Comment #53

foemill — Tue, 13 Nov 2012 08:11:50 GMT

Comment #52

weshar75 — Tue, 13 Nov 2012 01:54:34 GMT

Now that the jackpot is this big I am going to take the annuity because I am optimistic that I can live for the 30 years needed to claim the jackpot. Good luck to me on wednesday night! Hooray me! Yippie!-weshar75

Comment #51

Brcebrce — Mon, 12 Nov 2012 22:02:00 GMT

$85 million would be a very nice christmas present for myself, family and a few friends.

Comment #50

LottoGuyBC — Mon, 12 Nov 2012 14:14:09 GMT

I think the jackpot will continue to grow til

then it's time to

Comment #49

jamella724 — Mon, 12 Nov 2012 07:08:27 GMT

I can't wait to see who would be the lucky winner for Wednesday's draw. It seems that everybody hopes to win the jackpot prize, I myself will be in constant watch of the lottery draws. Good luck to all of us.

Comment #48

mcginnin56 — Mon, 12 Nov 2012 05:20:35 GMT

Excellent summation Piaceri!

And because your the mom, dividends should be taxed lower!

I the Walking Dead also. It's where gore meets comedy meets more gore

Comment #47

Piaceri — Mon, 12 Nov 2012 04:57:31 GMT

Lower tax rates 2 ways. Dividend income, which also affects anyone with a MM or 401k no matter how rich. And Long Term Capital Gains which also affects anyone with a MM or 401k no matter how rich. It affects the rich more because they earn more off investments (both dividends and capital gains) because... they have more invested. Duh. Plus high paid executives can take pay in stock, hold it for a year, then cash out for capital gains tax rate. This is why Mitt Romney makes $13m and pays a lower

Comment #46

megan81 — Mon, 12 Nov 2012 04:56:39 GMT

As mcginnin56 said, I was implying that my story will be newsworthy when I win. And, as a professional writer, I will write the press release myself

Comment #45

Piaceri — Mon, 12 Nov 2012 04:40:51 GMT

Nope.

Italian Blend

Comment #44

gocart1 — Mon, 12 Nov 2012 04:28:48 GMT

I hope i win so i can put some home heating oil in my tank.I m down to one arm and one leg after last winter's heat season...lol

Comment #43

rdgrnr — Mon, 12 Nov 2012 04:13:00 GMT

I will be doing everything within my power to keep it from rolling again, weshar75, Good Lord willin' and the creek don't rise.

Comment #42

weshar75 — Mon, 12 Nov 2012 04:02:21 GMT

I am wondering if this jackpot will get hit on wednesday or is it going to roll a couple of more times to thanksgiving and a $200 plus million jackpot. Of course I will take any jackpot that I can win but it would be nice to see another large jackpot before the year ends. Good luck to all!-weshar75

Comment #41

savagegoose — Mon, 12 Nov 2012 03:07:24 GMT

my victory speech.

tks for the 97 mill; from now on my EBT is only going on smokes and hookers.

---- ducks for cover

Comment #40

dallascowboyfan — Mon, 12 Nov 2012 00:59:30 GMT

$185 million sounds good to me....

Comment #39

mcginnin56 — Mon, 12 Nov 2012 00:28:08 GMT

I think she was implying that if she had won the jackpot, the additional story of how she bought her tickets, would be newsworthy.

Comment #38

RJOh — Mon, 12 Nov 2012 00:24:03 GMT

There are some players here who claim they buy all their tickets that way for every drawing. We only have their word for it because so far no news paper has thought it was worth writing about.

Comment #37

megan81 — Sun, 11 Nov 2012 23:00:38 GMT

I wholeheartedly agree!

And thank you

Comment #36

mcginnin56 — Sun, 11 Nov 2012 22:56:16 GMT

Yes that was by design. Never say or think if .

Your words and thoughts heavily govern the outcome, of most any event in your life.

Congrat's on your 31st Birthday BTW

Comment #35

megan81 — Sun, 11 Nov 2012 22:50:59 GMT

Sounds like a plan! And I like how you said whenyou win

Comment #34

mcginnin56 — Sun, 11 Nov 2012 22:46:14 GMT

Now when you win, you can get all 31 flavors of ice cream from Baskin-Robbins

Comment #33

megan81 — Sun, 11 Nov 2012 22:43:50 GMT

Wednesday is my 31st birthday!!! I'm going to buy 31 tickets from 31 vendors. Can you see the headlines

Comment #32

mcginnin56 — Sun, 11 Nov 2012 22:24:43 GMT

That statement offends me!

I would prefer that a hard working, rich asset manager, who played 5000 lines win this Mega Jackpot.

Comment #31

abyssus — Sun, 11 Nov 2012 22:14:55 GMT

As I already know I wont be winning it and sorry if I offend anyone I don't mean to but I hope whoever wins is someone that is broke working multiple jobs to help their family and has only bought 1-5 plays not someone who is already well off or even upper class and has enough money to play 10's or 100's of tickets

Comment #30

mcginnin56 — Sun, 11 Nov 2012 21:37:26 GMT

I like your style RJ, carry a big stick and bash the brains out of the naysayers.

This is very effective technique, when reasoning simply doesn't work like it should.

Comment #29

dpoly1 — Sun, 11 Nov 2012 20:57:23 GMT

Jingle

Comment #28

weshar75 — Sun, 11 Nov 2012 20:50:04 GMT

I am thinking about winning this jackpot myself. Thanks for letting me win it! Hooray!-weshar75

Comment #27

LottoBoner — Sun, 11 Nov 2012 20:25:04 GMT

dont even live in usa, and ill begetting a ticket. wish me luck everyone.

Comment #26

savagegoose — Sun, 11 Nov 2012 20:19:06 GMT

i dont even live in usa, and ill begetting a ticket. wish me luck everyone.

Comment #25

RJOh — Sun, 11 Nov 2012 20:12:23 GMT

Is'nt that what playing the lottery is about, getting a big pay check with as little work as possible

Comment #24

LottoBoner — Sun, 11 Nov 2012 20:03:14 GMT

I would talk to a tax lawyer to get some advice on the best ways of gaming the system.

Comment #23

RJOh — Sun, 11 Nov 2012 19:56:04 GMT

Weren't the really good tax rates for rich people who earned their money from investments? Lottery winners are taxed at the higher rate as people who actually worked for their money. I would talk to a tax lawyer to get some advice on the best ways of gaming the system.

Comment #22

whiteballz — Sun, 11 Nov 2012 19:35:35 GMT

In 2013, the top marginal tax rate will be 39.6% for someone making over $382,650. The tax rate you pay is set at the date you won. As long as you win in 2012, you will get the 2012 tax rate.

Comment #21

LottoBoner — Sun, 11 Nov 2012 19:07:48 GMT

Comment #20

LottoBoner — Sun, 11 Nov 2012 19:04:06 GMT

ÎΜ Ν

Faites vØs jeux

Comment #19

LottoBoner — Sun, 11 Nov 2012 19:02:36 GMT

ÌΓ ŠΗcoffee

Comment #18

LottoBoner — Sun, 11 Nov 2012 18:57:41 GMT

Comment #17

Original Bey — Sun, 11 Nov 2012 18:20:31 GMT

New York is wayyyy over due

Comment #16

maringoman — Sun, 11 Nov 2012 18:09:46 GMT

If one of my two tickets hits the jp, I am claiming it the very next day after the draw which is wayyy before the higher taxes on the wealthy kick in.

Bush era tax-cuts are expiring in Dec 31, 2012, no

Comment #15

RedStang — Sun, 11 Nov 2012 15:38:34 GMT

Sorry but you're too late. FEMA has placed lotto machines at every NYC street corner. All combos have been sold already. Theres still time for MM.

Comment #14

mcginnin56 — Sun, 11 Nov 2012 15:31:42 GMT

I stopped drinking coffee, now I'm questioning my decision.

Comment #13

hearsetrax — Sun, 11 Nov 2012 15:29:48 GMT

Comment #12

Piaceri — Sun, 11 Nov 2012 15:26:23 GMT

compliments of my coffee

Comment #11

mcginnin56 — Sun, 11 Nov 2012 15:24:23 GMT

Wow!

Someone's feeling good this morning

Comment #10

mcginnin56 — Sun, 11 Nov 2012 15:22:04 GMT

By merely mentioning that j word, you have already j'ed yourself.

I'm just so sorry it had to happen to you so early in the day.

Comment #9

Piaceri — Sun, 11 Nov 2012 15:19:42 GMT

PARRRRRTAAAAAYYYYY

Comment #8

mcginnin56 — Sun, 11 Nov 2012 15:16:07 GMT

I'm testing my new self-jinxing theory, which essentially is like attracting good Karma in reverse.

My hypothesis is that by tapping in to the anti-energy, anti-world universe, I may be able to harness this reservoir of boundless life force,

to pull of a successful win for this Wednesdays Powerball drawing.

As with any great inventor or innovator, I'm sure there will be certain pitfalls and setbacks, but that's a risk I'm willing to assume.

Comment #7

Ronnie316 — Sun, 11 Nov 2012 15:12:49 GMT

But what if its a jinx to say someone is jinx......

Comment #6

Coin Toss — Sun, 11 Nov 2012 15:05:22 GMT

And the self-jinxing has started.

Too bad it was you mcginnin.

Think about it, how long has this site been up, how many have claimed a jackpot beforehand, and how many of those have won one?

Next we'll have the barage of those telling us how they're going to spend $185 million that they haven't won yet.

Comment #5

Ronnie316 — Sun, 11 Nov 2012 14:35:07 GMT

How is $185 million Huge ???? Sounds like chump change to meee......

Comment #4

OldSchoolPa — Sun, 11 Nov 2012 13:22:37 GMT

I am overdue. For far too long I have gotten the 2 gifts in 1 treatment since my b-day falls on 25 December. I can handle $185M ($126M lump sum) as payback ! Not feeling entitled nor am I getting caught up in jackpot hype as I am just as likely to buy an extra play at $40M as I am at $200M...it just depends on the state of greenbacks in my money clip.

Comment #3

mcginnin56 — Sun, 11 Nov 2012 13:01:49 GMT

me thinks so to.......

Comment #2

hearsetrax — Sun, 11 Nov 2012 13:00:31 GMT

me thinks its gonna be a nice Xmas for someone b4 much longer ......

Comment #1

mcginnin56 — Sun, 11 Nov 2012 13:00:25 GMT

Step back everyone, this one is mine

$185 MILLION: Huge Powerball lottery jackpot set for Wednesday

Lottery Post — Sun, 11 Nov 2012 12:52:05 GMT

By Todd Northrop

There was no jackpot winner in the Saturday night drawing of the multi-state Powerball lottery game, causing the grand prize to increase to an estimated $185 million for Wednesday's drawing.

Saturday was the 11th consecutive Powerball drawing without a jackpot winner. The jackpot run started October 6 as a $40 million jackpot.

The estimated cash value for the new jackpot is $123.7 million. After-tax cash and annuity prize amounts are reported state-by-state on the Jackp... [ More ]