$925 MILLION: Powerball lottery jackpot nears billion-dollar milestone

Comment #46

JustMaybe — Sun, 01 Oct 2023 21:21:11 GMT

It's sad that one would get depressed just because the person next to you has more money - that is why some people get stuck in the hamster wheel forever.

I have not won a jackpot, but if I do and it's a big one, I think spending anything between 10K to 20K a month should suffice.

I don't plan to keep up with the Kardashians, I don't need a Lamborghini or a Rolls Royce to make a statement.

But I hear money corrupts, so I won't be so snip sure lol.

This post has been automatically... [ More ]

Comment #45

GiveFive — Sun, 01 Oct 2023 15:32:51 GMT

How much is enough? I'll be darned if I know! I've asked myself that very same question. I know someone who I think (but I really dont know) has more money than they can spend, yet they look to grow their wealth. I know that when they meet someone for the first time that they think has more money than they do it depresses them.

I don't blame you with wanting to take the path of least resistance. There is a price to pay being wealthy. Granted it's a nice problem to have, but having great wea... [ More ]

Comment #44

lottoman626 — Sun, 01 Oct 2023 07:49:28 GMT

no currently both

Power Ball and

Mega Millions takes about 30 to 31 drawings for the Jackpot to reach 1 billion.

but back in 2022

it took 38 drawings for the Jackpot to reach 1 billion, then another 4 for a total of 42 for

the Jackpot to reach 2.04 billion.

Comment #43

lottoman626 — Sun, 01 Oct 2023 07:00:07 GMT

lots of winners on the other prizes.

Comment #42

EnReval — Sun, 01 Oct 2023 05:13:38 GMT

QP w/multiplier gv 37 46 + 22=$40 got my $ back

Comment #41

CDanaT — Sun, 01 Oct 2023 04:17:35 GMT

Don't forget the cash value P-6.......... $478,200,000.

Had the 46 and the 22 on 1 line...$4 winner...more free tickets

Comment #40

SoCola — Sun, 01 Oct 2023 04:17:09 GMT

It looks like the sales might be low. Its going up in such small amounts. Might be another 2B

Comment #39

PrisonerSix — Sun, 01 Oct 2023 04:10:02 GMT

It rolled to $1.04billion

Comment #38

EnReval — Sun, 01 Oct 2023 04:03:06 GMT

No winners

Comment #37

JustMaybe — Sun, 01 Oct 2023 00:45:50 GMT

We learn every day - I did not know that, thank you for the insight now I know.

I believe when one uses the secondary market one has to engage a brokerage. There will be give and take in that transaction. But the lower tax margin could offer a relief from the fees.

Thanks once more for that insight.

Comment #36

SoCola — Sun, 01 Oct 2023 00:22:56 GMT

From what I've seen it depends on how you buy the bond. If you buy it when its issued and hold it until maturity, its taxed as income. But if you buy it on the secondary market and hold it for a year its taxed as capital gains at 20%.

I agree on municipal bonds, its riskier.

Comment #35

JustMaybe — Sat, 30 Sep 2023 22:49:52 GMT

I think you are confusing the profit made from selling an asset called Capital Gains from interest earned from T.Bills and bonds.

If you hold an asset for more than one year, the profit earned from disposing the same after one year (capital gains) are taxed at a max of 20%

For T.Bill and Bonds, the interest paid out is treated as normal income and are Federally taxed as such up to 37% max. The same however are exempt from both State and Local Income tax.

Municipal bonds are another o... [ More ]

Comment #34

SoCola — Sat, 30 Sep 2023 21:23:47 GMT

When you hold an investment for at least a year, your fed tax rate is 20% instead of 37% so it would be 12 million after a year.

Another thing to consider is municipal bonds, there is no federal or state tax.

Comment #33

JustMaybe — Sat, 30 Sep 2023 17:14:35 GMT

All that you have said is true and I totally agree with that. 441M is a huge sum of money. 278M after the taxes, is still a huge sum of money.

I always ask myself, how much is enough? Is there an end to wanting more and more.

If somehow you could spend 100K a month for ever, that is beyond anyone's wildest imagination.

Now am speaking for myself, I don't want to complicate my life, I don't want to stay up wondering how my investments are doing, is the dip in the market going to wipe... [ More ]

Comment #32

JustMaybe — Sat, 30 Sep 2023 16:53:15 GMT

The reason I play the lottery is to be able to take care of myself and my family first.

I feel like there is an unspoken obligation with the lottery to help others in the community once someone hits the big one.

The same obligation is not expected of people who work hard and achieve millionaire status. I think it's because the lottery is considered free money

Having said that, helping others in the community is a good thing but it needs a lot of care (being able to do it anonymously... [ More ]

Comment #31

GiveFive — Sat, 30 Sep 2023 16:40:17 GMT

So what exactly does it mean if you win 441 million dollars? (The lump sum cash option)

It means that you will instantly become what the financial industry classifies as an ultra high net worth individual. The financial industry measures people by their net worth. Being an ultra high net worth individual also means that you will qualify for special treatment like access to discounted fees, special rates, IPO's, Private Equity and access to investor events that are closed to most people.... [ More ]

Comment #30

hearsetrax — Sat, 30 Sep 2023 00:44:15 GMT

open the door to charity and those without, with great caution, as you never know whos listening or watching

Comment #29

HumanBlade666 — Sat, 30 Sep 2023 00:07:43 GMT

Best of luck to all that play on here! MEGAMILLIONS POWERBALL! Whoever hits on either I truly hope you are able to do good things in life. Take care of yourself and help those in your community. I would put it in a trust or llc take care of some of my family to get them out of debt and in the green out of the red. Help those in need around my local community and travel via travel trailer in the off season winter weather months

Comment #28

lottoman626 — Fri, 29 Sep 2023 23:03:17 GMT

Power Ball and Mega Millions In California only, all prizes are pari-mutuel, payouts are based on sales and the number of winners.

Comment #27

hearsetrax — Fri, 29 Sep 2023 22:43:42 GMT

May Lady Fortune lay her mischievous smile and blessings upon one of us here at the LP

Comment #26

CDanaT — Fri, 29 Sep 2023 20:19:05 GMT

$441 MILLIO N DOLLARS........ Has such a nice ring to it !!!

Good luck to all LP members this coming Saturday.

Comment #25

Todd — Fri, 29 Sep 2023 16:38:09 GMT

Jackpot raised to $960 million with cash option of $441.4 million .

The top-25 rankings did not change.

Comment #24

PrisonerSix — Fri, 29 Sep 2023 16:20:06 GMT

It's at $960million now

Comment #23

Bleudog101 — Fri, 29 Sep 2023 16:17:47 GMT

OTOH on Powerball, have forty four entries in the Powerball First Millionaire of the Year contest. Don't know about other states, but here they pick 25 and those go in the national pot to win a trip to NYC for NY Eve drawing. Over 1/2 my entries were from dumpster diving, myself and next door neighbor gives me his to register as well. If I were smart I'd update the phone to snapshot the lengthy #'s and be much faster.

Comment #22

SoCola — Fri, 29 Sep 2023 13:40:46 GMT

From what I've read in florida, when an entity like a trust makes the claim they only require a trustee name, which can be the lawyer.

Comment #21

GiveFive — Fri, 29 Sep 2023 12:50:00 GMT

True that many MM and PB jackpot winners have claimed via an LLC or trust.

If a winner waited until just before the deadline to claim the cash option, invoked the Florida privacy law, and also hired a lawyer to set up a trust or LLC for them, then I have to believe their name will be very hard to come by. Especially if they hired their lawyer to act as their trustee to administer the trust. No reputable lawyer would ever compromise their clients confidentiality.

Even if The Fla Lottery

Comment #20

hearsetrax — Fri, 29 Sep 2023 12:22:32 GMT

tic tic tic tic tic

Comment #19

Bleudog101 — Fri, 29 Sep 2023 09:32:02 GMT

Going to take my GSA to Pilot and play this and MM too. Dog gets to get and hopefully can catch up on the latest gossip

Comment #18

DMarshal — Fri, 29 Sep 2023 05:05:46 GMT

Well here's to me winning here in Cali.

Comment #17

adamc224 — Thu, 28 Sep 2023 23:31:55 GMT

I think we're going to be looking at a new record. Annuity rates are high and sales are low. I think it could go the distance. Normies look at the annuity only anyways... People really do not understand how lottery tickets work.

2.5 bil advertised, 1.2 bil cash. Single winner. GA or TN. Scratch that FL or CA

I'd love to see Ole California Edwin win it again and buy more Hollywood mansions. Maybe with his newfound wealth he could travel east and purchase the Biltmore.

Comment #16

lottoman626 — Thu, 28 Sep 2023 23:25:28 GMT

Power Ball has 292,201,338 possible combinations and Mega Millions has 302,575,350 possible combinations.

Both games are designed for extremely high jackpots and for one extremely lucky winner.

Comment #15

lottoman626 — Thu, 28 Sep 2023 23:12:42 GMT

many have claimed their jackpot winnings as an LLC or Trust and after 90 days the site did not update that information. So anybody who wants to know the name etc. of the actual winner would have to go digging. Also, I noticed most winners? won by using quick-pick. I read between 70% and 80% of Power Ball and Mega Million winners won by quick pick. Both games have extremely high odds, luck plays a huge part.

Comment #14

noise-gate — Thu, 28 Sep 2023 21:37:15 GMT

* You got that right Dick. I called it but CA only got 2nd prize. Come Saturday, we gonna clean up by taking the whole smear. You heard it here first. We taking what we put in plus other States money- we earned it. CA's been laughed at, mocked at- we taking financial retribution.

Comment #13

winterhug — Thu, 28 Sep 2023 19:03:39 GMT

It is only a rip off to you because you have never won. It is not a rip off to the FL winner who just came forward to claim their 1.5 B prize or CA Edwin Castro who just purchased his third mansion with his 1 Billion dollar win. There are many other who have won and continue to win millions of dollars all over the U.S. from all of these lotteries.

Comment #12

dickblow — Thu, 28 Sep 2023 17:39:51 GMT

the odds are against you rip off

Comment #11

paymentplan-man — Thu, 28 Sep 2023 17:28:01 GMT

Well darn....you heard it boys. It's time to pack it up.

Comment #10

jjtheprince14 — Thu, 28 Sep 2023 16:00:04 GMT

No one will win until EVERY possible number combination has been purchased.

Comment #9

CDanaT — Thu, 28 Sep 2023 14:28:06 GMT

Sorry Hearsetrax..............(un)fortunately it will be in TN

Comment #8

hearsetrax — Thu, 28 Sep 2023 14:06:16 GMT

s to the next billionaire single ticket winner

hope its in an anonymous state

Comment #7

GiveFive — Thu, 28 Sep 2023 13:36:33 GMT

If you take a minute and think about it, the 90 day anonymous law in Florida has the word COMPROMISE written all over it.

90 days is the best solution for a bill that The Florida Legislature could pass and send to The Governor's Office for signature. There were those in The Legislature that wanted complete anonymousness for the winners, but there were also other Legislators who felt total anonymousness would hurt ticket sales. Neither side could have it totally their way. So they found a com... [ More ]

Comment #6

Wildbill78 — Thu, 28 Sep 2023 13:30:12 GMT

Well said Just maybe!! It's so darn to hit anyway. I know that FL winner who finally came forward is so thankful. It beat tremendous odds

Comment #5

GiveFive — Thu, 28 Sep 2023 13:16:46 GMT

They took the cash option according to The Jackpot Winners with Retailers Information report available for download on The Florida Lottery's MegaMillions page. If it was claimed by a Trust, I doubt the general public will ever know the name(s) of the winner(s). The Jackpot winners Report might be updated after 90 days, but if it was claimed via trust that wont tell the public all that much.

Although The Florida Lottery certainly could, after 90 days I doubt they'll all of a sudden decide to... [ More ]

Comment #4

dickblow — Thu, 28 Sep 2023 13:12:28 GMT

goes up high watch only one winner again

Comment #3

JustMaybe — Thu, 28 Sep 2023 12:46:30 GMT

Not developing any emotional attachment to whatever amounts.

When the jackpot is 20M and when it's 2B the approach is the same.

Buying one QP ticket, throwing the power play on it, and going about my business of making money in other more sustainable ways.

Don't let the huge amounts get the better of you and prompt you to spend more than you can afford to, always remember that the last time you did that you did not win

I wish us all luck with the upcoming draws.

Comment #2

Bleudog101 — Thu, 28 Sep 2023 11:54:27 GMT

Always enjoy the rankings list of jackpots!

So the Billion dollar FL winner has come forward. Lotto there wouldn't say whether they took the cash option or annual payments. What a stupid law they have...90 days of anonymity and that's it

Comment #1

EnReval — Thu, 28 Sep 2023 11:47:38 GMT

Not playing any new numbers this time

y'all am tired of the games people play lol

$925 MILLION: Powerball lottery jackpot nears billion-dollar milestone

Lottery Post — Thu, 28 Sep 2023 11:05:05 GMT

9th-largest US lottery jackpot in history

By Todd Northrop

After a 30th-consecutive drawing without a winner, the Powerball multi-state lottery game now features a jackpot that will provide multi-generational wealth to the lucky player who eventually wins it all.

After nobody won Wednesday's $856.1 million grand prize, the Powerball jackpot increased to a staggering $925 million for Saturday's drawing the 9th-largest US lottery jackpot of all time, and the 4th-largest Powerball jackp... [ More ]