Something strange with Megabucks Doubler Game

Reply #8

Stack47 — Fri, 05 Jun 2015 02:54:55 GMT

They may have overestimated the annuity and simply made an adjustment because it was going up consistently, spiked, and then show a drop. It's a 30 year annuity and probably worse if say 10 years after taking the annuity, Congress decides to tax $250,000 incomes the same as $2 million today.

Reply #7

Crazy Wombat — Thu, 04 Jun 2015 22:30:49 GMT

My thinking is that no one really knows what the tax rates could be in the future ... you have one Democratic candidate talking about a 90% tax rate less than two weeks ago.

Bernie Sanders: A 90% tax rate sounds fine to me.

The new Democratic Governor in PA wants to start taxing lottery wins ... anybody lucky enough to win a large jackpot in PA soon will have more money in their pocket ... if future lottery money starts to be taxed.

The economy is terrible and they will be looking

Reply #6

msharkey2001 — Thu, 04 Jun 2015 17:14:15 GMT

I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.

Reply #5

Crazy Wombat — Mon, 01 Jun 2015 09:36:12 GMT

... it's another Mystery of the Ocean

Reply #4

ThatScaryChick — Mon, 01 Jun 2015 09:11:51 GMT

I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000.

Yeah, I find that weird that once the jackpot rolls over it takes multiple draws for it to start going up. I wonder why

Reply #3

Crazy Wombat — Mon, 01 Jun 2015 08:27:30 GMT

TSC ... I saw something like that earlier, maybe in April ... I didn't post about it. I think the annuity didn't change but the cash option went up a little and then after the next draw the annuity went up but the cash stayed the same.

I'm sure I saw this strange thing happen but I can't prove anything at this point ... no one posted anything also, so I figured not many people are watching the game.

I've said it before and will say it again ... this is one strange game but I still have tic... [ More ]

Reply #2

ThatScaryChick — Sun, 31 May 2015 20:09:21 GMT

Yeah it does make sense to take the cash. I just thought it was strange that the cash value would go up but the annuity would go down so much.

Reply #1

Stack47 — Sun, 31 May 2015 20:03:14 GMT

The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.

Draw # Date Winning # ST Doubler Jackpot Amount Jackpot Winners Where sold Video

3308 05/30/2015 02-07-09-11-29-34 4 $2,105,329 None

3307 05/27/2015 02-09-21-33-37-46 1 $2,150,072 None

3306 05/23/2015 12-20-24-29-31-32 7... [ More ]

Something strange with Megabucks Doubler Game

ThatScaryChick — Sun, 31 May 2015 12:11:05 GMT

http://masslottery.com/games/lottery/megabucks-doubler.html

Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000 ($1,760,000 Est. Cash Option)

But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option)

I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400... [ More ]