Wow - wow - wow - Euro Millions $94.3 Million CASHPrev Topic Next Topic

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Todd

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Chief Bottle Washer

New Jersey
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Sep 9, 2005, 7:13 pm

Looks like Euro Millions has rolled again - to 76 Million Euros, which translates to US$94.3 Million.

For the USA-dwelling folks who don't know much about Euro Millions, it is a FANTASTIC game with the best jackpot IN THE WORLD at the moment.

Winning Euro Millions is not anythign like winning Mega Millions or Powerball.

It is ALL CASH and TAX FREE.

So, if we all sharpen our pencils, winning the current $94.3 Million Euro Millions jackpot is like winning a Mega Millions jackpot advertised at about $250 Million, plus or minus.

If you win a $250 Million MM jackpot, and take the cash option, you're looking at a gross payout of about $150 Million - about 60% of the annuity. Then, you lop off about one-third in taxes (probably it will be a lot more), and you're down to $99 million.

Can you imagine winning Euro Millions? You play with Prime Ticket Service, they hold the ticket for you overseas. If you win, you fly over, redeem your ticket, and stick in an account over there somewhere.

You can't beat that!

I know this sounds like a big advertisement, but it's really not. I'm just really juiced about this game at the moment.

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JAG331

Greenwich, CT
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Sep 9, 2005, 11:06 pm

A couple of great jackpot runs recently...I just might play next Friday.
Todd

50

Chief Bottle Washer

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Sep 9, 2005, 11:13 pm

My order is in already! Last week I hit a 3 of 6 in UK Lotto for a $18.36 prize, which basically paid for the Euro Millions tickets for next week.

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JimmySand9

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Sep 9, 2005, 11:19 pm

Yeah, that's a big one. But it's expensive. And for you Bill O'Reilly fans out there, Euro Millions is administered by France.

I'm sorry, but I'd rather be playing Mega Millions. For the price, the odds are actually better.

(insert signature here)
Todd

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Sep 9, 2005, 11:27 pm

From what I understand, Prime Ticket Service buys their tickets in the UK, so the money does not go to France.

Also, for someone who studies lottery games so closely, I'm surprised by your odds comment. Mega Millions has the worst odds of any lottery game on the planet. And for the price, the payback from Euro Millions is MUCH better.

The lowest prize you can win (and there are 14 ways to win) returns almost the entire cost of the order (over $18), whereas Mega Millions doesn't come close.

I think you need to study that one closer.

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dvdiva

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Sep 10, 2005, 1:40 am

And thanks Todd for finding a reliable way of playing the game. Hope it hits another record. It's one game you don't have to debate how low the cash prize really is.
JimmySand9

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Sep 10, 2005, 2:09 am

Quote: Originally posted by Todd on September 9, 2005

From what I understand, Prime Ticket Service buys their tickets in the UK, so the money does not go to France.

Also, for someone who studies lottery games so closely, I'm surprised by your odds comment. Mega Millions has the worst odds of any lottery game on the planet. And for the price, the payback from Euro Millions is MUCH better.

The lowest prize you can win (and there are 14 ways to win) returns almost the entire cost of the order (over $18), whereas Mega Millions doesn't come close.

I think you need to study that one closer.

For the $5 ticket price, Euro Millions jackpot odds are about 1 in 50,000,000. If you buy 5 lines of Mega at a convenience store, it's 1 in 35,000,000. Same with the overall odds, for the price, Euro Millions is 1 in 24, 5 lines of Mega is 1 in 8. And the best part is that more of the price goes towards (most likely) a child's education. Most of that $5 for EM goes in to Prime Ticket Service's pocket. But the lower prize sure sounds good though.

(insert signature here)
Todd

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Chief Bottle Washer

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Sep 10, 2005, 3:57 am

JS9,

Let's just say we agree to disagree. I think your analysis is off, and doesn't make any good comparison between risk and reward. And the education argument has nothing to do with this at all. Since when does how the government use their money have ANYTHNIG to do with calculating how good a particular jackpot is?

Your comparison has no concept of the prize structure, and 5 lines of MM is NOT 1 in 8. The whole thing is way off, and I DO NOT want to get into a weird discussion about different ways of looking at the odds, that somehow lower the odds based on one ticket being priced higher than another. You obviously have something personally against the game, and that's your thing, but I think there's a lot of people who do not share that feeling.

I don't want my thread that points out the facts about this terrific game to be hijacked by someone who in my opinion is comparing apples to oranges in an attempt to throw sour grapes into it.

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Chewie

Sparta, NJ
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Sep 10, 2005, 8:19 am

Todd:

Is there a page on this Euro conversion, like for MM & PP? I'd like to be able to keep up with the totals in something I understand.

P.S. Bought a set for the drawing.

|||::> *'`*:-.,_,.-:*''*:--->>> Chewie <<<---.*''*:-.,_,.-:*''* <:::|||

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Rip Snorter

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Sep 10, 2005, 9:40 am

Thanks for the heads-up, Todd.

I agree Euro looks good. And when the odds get into that range it's probably moot whether they're a few million this way or that, compared to another lottery. It's going to take a lightningstroke of luck, or some seriously good system to reduce the odds to win any of them. If a person has either of those Euro's probably the best store in town.

Gracias,

Jack

Absorb the good, ignore the bad, weigh the ugly.
It's about number behavior.
Egos don't count.

Dedicated to the memory of Big Loooser
Todd

50

Chief Bottle Washer

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Sep 10, 2005, 3:13 pm

Quote: Originally posted by Chewie on September 10, 2005

Todd:

Is there a page on this Euro conversion, like for MM & PP? I'd like to be able to keep up with the totals in something I understand.

P.S. Bought a set for the drawing.

Hmmm.. I want to give you an answer but I'm not quite sure what you're asking. If you just want to convert numbers between different currencies, the best web site is www.xe.com. But I think you're asking something different than that - right?

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RJOh

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Sep 10, 2005, 4:09 pm

Isn't the actual U.S. dollar values of the jackpots of both UK Lotto 649 and Euro Million shown on the left of the page?

RJOh

* you don't need to buy every combination, just the winning ones *

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