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So, lets say someone on here hits, lets say I hit not the jackpot, I hit only 5 numbers on megamillions. Yes keep laughing. I see that most people will take the cash vs annuity unless they want to hide something. it depends. I know what usamega says, might have to look. I might have to ask another accountant I know or someone else. What is the remainder after taxes from that state are taken out? So the payment amt is $1 million. ( multiplier 2 3 4 5) i'm not ta
Jul 24, 2023, 2:53 pm - wander73 - Jackpot Games Forum

$1 BILLION: Powerball jackpot hits milestone for 3rd timeReply
Please someone help me understand - how would someone spend through the current PB jackpot and be broke after 7 years. In a state that does not tax the lottery - the take home amount is $325,621,045. If you invest this amount in the 12 month Treasury Bill at a 5% interest per annum (current rate is 5.34%) you'll make $16,281,052.25 before taxes. Take out maximum tax at 37% and you are left with $10,257,062 annually. Now that's a whooping $854,755 that you can spend every month wi
Jul 18, 2023, 2:37 pm - JustMaybe - Lottery News

Mega Millions Just The JackpotReply
To your point about variance, yes, JTJ is obviously going to be higher than a regular ticket. Both are going to be a huge variance, regardless. So, if variance is the concern, don't play the games to begin with. You will get a few bucks back by playing a regular ticket and hitting the minor prizes, but as percentage of $ spent, it's still very low. The return is basically predicated on hitting the jackpot, which the average person more than likely would not hit in a thousand lifetimes. Ther
Jul 17, 2023, 8:17 pm - Orange71 - Mathematics Forum

Pennsylvania: 6/1 - 6/30/2023Reply
Yes, 554 with Wild Ball 5 would win if you'd played 555 straight. But the win is only $200. Think of the will ball is a kind of insurance. You're paying an extra dollar to be able to swap the wild ball for any of the 3 digits you played, but if you need the wild ball to win, you only get a second tier prize of $200. To your other question regarding tax liability, you are correct. If you play pick3 straight with wild ball and win both the straight amount plus the wild ball amount, it's $700 w
Jun 17, 2023, 2:07 pm - OhSoClose - Pick 3 Forum

Florida Fantasy-5 PlayersReply
With the addition of the midday drawing in March of last year (and I still say that was a whopper of a mistake on the part of The Florida Lottery. They certainly did NOT do players any favors) there are now 60 to 62 drawings per month. (As opposed to 30 to 31 in the good old days.) That's why all 36 FF5 numbers are usually drawn every month. It's next to impossible for any given number in a set of 36 numbers not to be drawn in 60, 61 or 62 drawings. In the good old days it occasionally happ
May 6, 2024, 8:42 am - GiveFive - Pick 5 Forum

$1.3 billion Powerball winner revealed by Oregon Lottery as three people splitting jackpotReply
Sadly, 99.99 percent of lottery winners only prioritize their personal lives and families, and this becomes their primary challenge. When I play the lottery, I have me in mind. I don't play for the benefit of my neighbors or society at large. Once someone duly pays their due taxes, that's all they need to do for society - that's more than enough. They give 37% to society and more depending on the state. Honestly if that's not enought giving to society, I don't know what is. It's the
May 1, 2024, 8:25 pm - JustMaybe - Lottery News

Massachusetts man and his dog claim $4 million lottery winNews Story
Plans to use prize to help Animal Rescue League A Massachusetts man brought his dog with him to claim a big lottery prize on Wednesday, and he plans to use part of his winnings to help animals. Peabody resident Paul Riley took Raven to Massachusetts Lottery headquarters in Dorchester, where he picked up a $4 million check for hitting the jackpot on a 100X Cash scratch ticket. Riley opted for a one-time payment and will take home $2.6 million before taxes. Some of that cash will go
Jan 20, 2024, 7:02 am - Todd - Lottery News

Maddogs POWERBALL Challenge 11/15Reply
Wow! My new white ball predictor got another 2W out of 5 prediction. Two 2W hits out of two draw tests. 0.14% chance of that happening by uniform random selection chance. The predictor is actually five separate one white ball predictors, and the same one white ball predictor got a hit two draws in a row. This is just an interum predictor since I haven't completed the parameter search. so the overall 5 white ball predictor could improve. Very encouraged by this class of predictor. It's been a
Nov 16, 2023, 2:16 am - Wavepack - Jackpot Games Forum

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
A winner who chooses the cash option would receive a lump-sum $643.7 million more than a half-billion dollars in cash! -- more than a half-billion dollars in cash! Well yes, but not really. Not after Uncle Sam takes his 37% cut. The 24% withholding would knock it down to a hair over $489 million, so you wouldn't even see a check for half a billion and be able to have that much in the bank for an afternoon. Another $14.4 million would let you at least handle a (fake, giant) check for hal
Oct 5, 2023, 1:37 pm - KY Floyd - Lottery News

how to hit the texas two step lotteryReply
Yep. Both are 435 games. Nothing wrong with talking strategy for pick 3. It pays the same for all the winners. But jackpot games are different. Everyone wants the jackpot for themselves. Helping someone else can cost you. And personal experience tell me you aren't going to get reciprocation from any help you give. Most often the only thing you get is the finger. People who most often ask for help disappear until they need more help. See Dr San for details. Has never put up a single
Sep 30, 2023, 2:53 pm - garyo1954 - Lottery Discussion Forum