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is a $500 million jackpot possible?

Topic closed. 10 replies. Last post 11 years ago by cyto.

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Riverside, Ca
United States
Member #21722
September 14, 2005
173 Posts
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Posted: September 22, 2005, 12:49 pm - IP Logged

ok i was thinking is a $500 million jackpot even possible, because when you think about it, like after the jackpot gets over $200 million then thats when everyone and there mother runs out and gets tickets. then when it gets to a certain point like say $320 million you know someone out there is going to hit it because its just too big.

So do you think that we will ever see a $500 million jackpot, and what are the odds of that?

    dvdiva's avatar - 8ball

    United States
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    September 17, 2003
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    Posted: September 22, 2005, 10:58 pm - IP Logged

    It's possible like winning the lottery is possible. Both are very unlikely to happen. Last time any game broke 300 million was 2002. I doubt any game will break 300 this year unless powerball deflates their annuity again.

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      New Mexico
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      March 10, 2005
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      Posted: September 22, 2005, 11:12 pm - IP Logged

      It's possible like winning the lottery is possible. Both are very unlikely to happen. Last time any game broke 300 million was 2002. I doubt any game will break 300 this year unless powerball deflates their annuity again.

      Maybe MM will take the cue and deflate theirs .... do a 50 or 75 year payout and get a half a billion jackpot straight out of the chute, lump sum value 7 milllion.

      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

       

        dvdiva's avatar - 8ball

        United States
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        Posted: September 22, 2005, 11:42 pm - IP Logged

        I would hope not rip snorter - I like the game the way is as far as the payouts are concerned.

          BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
          Magnolia, Delaware
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          July 20, 2005
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          Posted: September 22, 2005, 11:45 pm - IP Logged

          Good God people, please don't give the MM people any ideas! I know if MM does deflate theirs too, I'll quit playing both lotteries! As it stands now, I only jump on the PB's band wagon when it's over 50 million. The reason is for the fact that they at PB have cut the cash pay-out to less than 50% of the annuity!

          Keep dreaming the impossible dream, it just may come true! Thumbs Up

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            New Mexico
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            March 10, 2005
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            Posted: September 22, 2005, 11:57 pm - IP Logged

            I would hope not rip snorter - I like the game the way is as far as the payouts are concerned.

            Unless a person's going to take the annuity the size of the advertised jackpot is meaningless.  7 million is 7 million,whether they call it half a billion or 20 million.  Spreading the annuity out wouldn't change the payouts for lump takers.

            If you're open to taking the annuity, imagine how much nicer it would be to win half a billion (worth 7 million) as opposed to, say, $20 million (worth 7 million). 

            This is my roundabout way of telling you I don't see your point.

            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

             

              BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
              Magnolia, Delaware
              United States
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              Posted: September 23, 2005, 12:07 am - IP Logged

              Cash now is always better than cash later down the road. No Annuity of any kind is good for anyone, no matter how it's sliced! A dollar today has always been viewed more valuable than the dollar a year from now! If the dollar today is worth (lets say) 78 cents and a year from now it goes down to 75 cents you just lost your butt on your annuity. That's the main reason for never taking any annuity of any kind! The second reason for not taking an annuity, is you pay more in taxes over the years than you would on a lump sum cash pay-out!

              Keep dreaming the impossible dream, it just may come true! Thumbs Up

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                New Mexico
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                March 10, 2005
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                Posted: September 23, 2005, 12:15 am - IP Logged

                Hmmm.  Is this a recording? 

                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

                 


                  United States
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                  November 16, 2004
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                  Posted: September 23, 2005, 12:46 am - IP Logged

                  $500 million is possible because it will take only 2 draws from $320 to reach 500. The number is just gonna have to be sneaky to avoid all the personal picks and quick picks out there which will be a feat on its own

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                    Morrison, IL
                    United States
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                    May 13, 2004
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                    Posted: September 23, 2005, 3:09 pm - IP Logged

                    Cash now is always better than cash later down the road. No Annuity of any kind is good for anyone, no matter how it's sliced! A dollar today has always been viewed more valuable than the dollar a year from now! If the dollar today is worth (lets say) 78 cents and a year from now it goes down to 75 cents you just lost your butt on your annuity. That's the main reason for never taking any annuity of any kind! The second reason for not taking an annuity, is you pay more in taxes over the years than you would on a lump sum cash pay-out!

                      That kind of reasoning only encourages Mega Millions to follow Powerball's example of inflating the annuity.  Powerball claims they did that to adjust for inflation.

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                      Out West
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                      September 24, 2005
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                      Posted: September 24, 2005, 2:06 am - IP Logged

                      Good God people, please don't give the MM people any ideas! I know if MM does deflate theirs too, I'll quit playing both lotteries! As it stands now, I only jump on the PB's band wagon when it's over 50 million. The reason is for the fact that they at PB have cut the cash pay-out to less than 50% of the annuity!

                      I have noticed this too. It used to be at 55-56% of the jackpot would be the cash payout. Now it's 49% of the jackpot.