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PA Unlucky for Life

Topic closed. 32 replies. Last post 11 years ago by CASH Only.

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Will it be retired before its 2d birthday?

Yes [ 3 ]  [30.00%]
No [ 5 ]  [50.00%]
Can't guess [ 2 ]  [20.00%]
Total Valid Votes [ 10 ]  
Discarded Votes [ 1 ]  
sirbrad's avatar - Lottery-062.jpg
PA
United States
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Posted: November 4, 2005, 4:26 pm - IP Logged

Cash you should give it a rest man. You don't like annuity payouts, we get it already! No one is forcing you to be a "loser for life." Personally I would be happy with the lifetime prize, I don't need a lump sum to be happy. True I may be "happier" much more quickly, but hey what can I say, I am not greedy.  

I am sure there would be a lot of people out there happy to be 'losers for life' by your definition of term. You don't like them types of lotteries, well you stick to the larger jackpots with far worse odds...Simple as that. I suppose if someone gave you a free "lose for life" ticket that was a winner, you would just tear it up eh? Doubtful.


    United States
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    Posted: November 5, 2005, 3:47 pm - IP Logged

    Cash you should give it a rest man. You don't like annuity payouts, we get it already! No one is forcing you to be a "loser for life." Personally I would be happy with the lifetime prize, I don't need a lump sum to be happy. True I may be "happier" much more quickly, but hey what can I say, I am not greedy.  

    I am sure there would be a lot of people out there happy to be 'losers for life' by your definition of term. You don't like them types of lotteries, well you stick to the larger jackpots with far worse odds...Simple as that. I suppose if someone gave you a free "lose for life" ticket that was a winner, you would just tear it up eh? Doubtful.

    brad:

    You don't quite get it. I'm not questioning the idea of a lifetime prize. I just think it was poor judgment for PA to offer the game as is, with NO cash option. This is the state, remember, whose lottery is supposed to benefit SENIOR CITIZENS, yet this is a game they should not be playing.

      bellyache's avatar - 64x64a9wg

      United States
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      March 18, 2005
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      Posted: November 5, 2005, 4:01 pm - IP Logged

      I would take the $3,000 a month for life. It would still be a steady amount of income coming to you for life. What's to hate about that? It's not like anyone is being forced to play this game. If they don't like the payout system...don't play. Simple as that.

      Dance like no one is watching.

        sirbrad's avatar - Lottery-062.jpg
        PA
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        Posted: November 5, 2005, 4:07 pm - IP Logged

        Cash, I don't believe YOU quite get it. The money being donated by all of the lotteries players is what is actually benefiting SENIORS, not the game structures. The games were not made specifically for seniors, or to help seniors win. The income generated from the games is what helps them. How can you offer a cash option on such an already low prize? Personally I like how it is set up, and it is unique from all the other lotteries. You want a cash option, play match 6.


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          Posted: November 5, 2005, 4:10 pm - IP Logged

          brad:

          What would you do if PA suddenly offered a cash option on Unlucky for Life? Would you boycott it? I would then make a special trip to PA.

            sirbrad's avatar - Lottery-062.jpg
            PA
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            Posted: November 5, 2005, 4:17 pm - IP Logged

            No, I would still play either way. But obviously the cash option is going to be lower than the annuity, so it would not be worth me playing as much then. A lifetime of checks would be a great security blanket even if you are not a millionaire technically. But the way lucky for life is set up, it actually provides MORE funds for seniors over time than a cash option would.


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              Posted: November 5, 2005, 4:21 pm - IP Logged

              No, I would still play either way. But obviously the cash option is going to be lower than the annuity, so it would not be worth me playing as much then. A lifetime of checks would a great security blanket even if you are not a millionaire technically. But the way lucky for life is set up, it actually provides MORE funds for seniors over time than a cash option would.

              brad:

              By your logic, Mega Millions' $225 million jackpot is less appealing BECAUSE there is a (lower) cash option.

              Even if UfL had a cash option, the $3,000-a-month figure would still be advertised.

                sirbrad's avatar - Lottery-062.jpg
                PA
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                Posted: November 5, 2005, 4:24 pm - IP Logged

                If you actually cared about benefiting the seniors, then you would be praying for losses everytime, not wins. Lets face it, we play to 'win' for ourselves, not to 'lose for the seniors.' I already said that LFL is far to low to have a cash option. I am not speaking of MEGA jackpots. That is why the odds are so much better for LFL, less payout...


                  United States
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                  Posted: November 5, 2005, 4:27 pm - IP Logged

                  brad:

                  OK. I was in Massachusetts yesterday to play Ca$h Winfall. I _never_ play MA Megabucks because it does NOT have a cash option...yet it's not a lifetime prize.

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                    Sparta, NJ
                    United States
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                    July 9, 2005
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                    Posted: November 5, 2005, 4:32 pm - IP Logged

                    brad:

                    OK. I was in Massachusetts yesterday to play Ca$h Winfall. I _never_ play MA Megabucks because it does NOT have a cash option...yet it's not a lifetime prize.

                    Ever consider poker?  Its all cash option.  Longevity is obviously not your strong suit, so stick with five card, seven card takes too long.  For me, any increase in Social Security is a good thing. Not a great things, but a good thing.

                    Cheers

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

                    I only trust myself - and that's a questionable choice

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                      July 11, 2003
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                      Posted: November 5, 2005, 11:41 pm - IP Logged

                      I guess the evil empire decided to come up with another, better low-matrix game for PA Red Devil.

                      Easy Money Lotto

                      Pick 6 from 36

                      Price : $1

                      Jackpot begins at $500,000 30-year annuity, or $250,000 all-cash. And if and when it reaches $2,000,000 annuity value, the jackpots rolls down to the lower tiers. I could have just had it roll on until won, but PA already has 3 different games that do that.


                      Prize
                      Rolldown Prize
                      Odds
                      Match 6
                      Jackpot*
                      N/A
                      1 : 1,947,792
                      Match 5
                      $1,000
                      Approx. $5,000
                      1 : 10,821
                      Match 4
                      $20
                      Approx. $150
                      1 : 298
                      Match 3
                      $2
                      Approx. $12
                      1: 24

                      Overall Odds : 1 in 22

                      During a rolldown draw, both the money in the jackpot (about $1,200,000 cash) and the money in that draws prize pool (50%) is divided evenly between each lower tier.

                      (insert signature here)


                        United States
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                        Posted: November 6, 2005, 1:16 pm - IP Logged

                        jimmy:

                        The minimum amount for a 30-year annuity seems to be $2 million. Divide 500k by 30, subtract 25% towards federal taxes and see what you have. Then suppose multiple winners.

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                          United States
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                          Posted: November 6, 2005, 2:32 pm - IP Logged

                          jimmy:

                          The minimum amount for a 30-year annuity seems to be $2 million. Divide 500k by 30, subtract 25% towards federal taxes and see what you have. Then suppose multiple winners.

                          That's true. But it's not really that much of a concern, seeing that only an idiot would take the annuity with a jackpot that low!

                          (insert signature here)

                            hypersoniq's avatar - 8ball
                            Pennsylvania
                            United States
                            Member #1340
                            April 6, 2003
                            2450 Posts
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                            Posted: November 6, 2005, 9:13 pm - IP Logged

                            I don't like this game for the simple fact that it is a $2 game... I don't like that trend (unless it's MY choice like the PB powerplay...)

                            BUT, to be realistic... they are targeting the scratch-off crowd with that game, and they show no signs of slowing sales (right "Gus"?)

                            I think we're stuck with that one.

                            Playing more than one ticket per game is betting against yourself.

                              sirbrad's avatar - Lottery-062.jpg
                              PA
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                              Posted: November 6, 2005, 9:23 pm - IP Logged

                              True if it was one dollar I would be in heaven. Big Grin Angel About the only thing the extra dollar does is limit me to how often I play, and how many tries I play each time. I hate limitations...