Search

How are payments invested?Reply
From the Ohio Lottery site: Upon claiming the Mega Millions jackpot, the prize winner is given the option to receive the prize winnings in a single cash payment. The gross cash option will represent the sum of the first annuity installment plus the net proceeds from the sale of the government securities originally purchased to fund the annuity prize. Government securities are susceptible to financial market conditions; therefore the amount that is actually realized may vary from the amount o
Aug 12, 2008, 5:41 pm - Stack47 - Jackpot Games Forum

Mega Millions GateKeeperReply
HELP ME!!!???!!!The government took my key, brain washed and blocked the gate. Help me.
Mar 16, 2008, 10:07 am - ScorpionPrince - Jackpot Games Forum

National Powerball
I apologize if this has been brought up before. If the Federal government started a national lottery in a manner similar to Powerball if it were run by the US Government to fund the Treasury Department. Such revenues would be assumed to be used towards general revenue and paying down the national debt.
Nov 9, 2006, 10:48 pm - rdc137 - Jackpot Games Forum

Anyone else thinking of Euromillions?Reply
Actually that .36 multiplier is for figuring the approximate after tax take home cash in Michigan if you don't live in a Mich city that collects income tax.I have measured that multiplier and it has been as high as .384 depending on interest rates. Now it is somewhere in the .34 to .36 range. That is calculated by going to the official Ohio lottery web sight and multiplying the guestimated cash amount by the .611 take home percent. The .611 is reached by taking the max fed rate of .35 and add
Jan 3, 2006, 10:30 pm - Think - Jackpot Games Forum

Half.Reply
Thats a good thing I dont mind some money going to the government to pay for social services.
Jul 16, 2004, 1:18 pm - tony2222 - Jackpot Games Forum

Tonight’s PB, fun facts...Reply
...especially when you consider that nations with intemperate balance of payments deficits coupled with unprecedented government deficits generally experience hyperinflation dventually.Be sure to buy some Euros, yen, yuan and rupees.
Mar 13, 2004, 6:58 pm - prob987 - Jackpot Games Forum

Expected ReturnReply
Are you calculating for the government?I am surprised you guys are so fond of it..so whats the point?
Feb 22, 2004, 5:03 am - goose - Jackpot Games Forum

Wisconsin SuperCash $$Reply
Hopefully if they are the right ones you get to experience the fun of sending a check to the IRS For SuperCash - 47.2% of sales go to the Government - And then if you win you pay +- 40% (?) of your winnings back to the government. and then at the end of the year Jon and Greg get some property tax relief thanks to the WI Lottery
May 21, 2020, 4:59 pm - Unlucky-Kenny - Jackpot Games Forum

Solar Star LotteryReply
POWERBALL SATURDAY RESULT no jackpot winner 5 10 28 55 67 Powerball: 9 Up to 300 Million SOLARIS LIST CHOICE 27 58 20 66 45 PB 09 = pb 9 correct with (round 30/1) 58 as 28 6/36 as 5 66 as 67 20 as 10 (10 off) and 45 as 55 (10 off) Solaris will be close or exact to all winners, round some by 10, 30 or 1 ) PANEAGLE play choices 27/59 = 28 20 31 45 69/9 07 36 06 Florida lotto result was 20 50 6 45 44 and 22. Our solaris choice was good for the 6 20 50 and 45 close 44 and and only missed
May 28, 2017, 10:18 am - paneagle - Jackpot Games Forum

Powerball changes??Reply
A lottery is a Zero-sum game . What one group of participants gains in cash, the other group of participants must lose. If we made a list of all the participants in a lottery, it might include: 1) Federal Government (Lottery winnings are taxable) 2) State Governments (Again lottery winnings are taxable) 3) State Governments (Direct share of lottery ticket sales) 4) Merchants that sell tickets (Paid by the lottery organizers) 5) Lottery companies (Hint: They are not doing all this
Oct 3, 2014, 5:00 pm - THRIFTY - Jackpot Games Forum