Welcome Guest
Log In | Register )
You last visited December 5, 2016, 3:32 am
All times shown are
Eastern Time (GMT-5:00)

Lotto Texas

Topic closed. 5 replies. Last post 10 years ago by Just6ntlc.

Page 1 of 1
PrintE-mailLink
Bradly_60's avatar - disney37
Atlantic Mine, Michigan
United States
Member #416
June 23, 2002
1614 Posts
Offline
Posted: March 25, 2007, 9:52 am - IP Logged

This doesn't happen to often in the lottery world but you could buy a win in the Lotto Texas game.  There are only 25,827,165 possible combinations while the jackpot is $39,800,000.  ($66 million annuity)  Anyone got $25 million on them?  haha

B-rad

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
    917 Posts
    Offline
    Posted: March 29, 2007, 8:04 pm - IP Logged

    That wouldn't be a very smart move...after you end up paying FEDERAL taxes, you would only stand to gain $4M...that is unless there are multiple matching winning tickets...in that case, you would be screwed...huge loss!  Might as well take $5M and head to Vegas...at least, you would still have $20M left over!

    Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

    The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

      Bradly_60's avatar - disney37
      Atlantic Mine, Michigan
      United States
      Member #416
      June 23, 2002
      1614 Posts
      Offline
      Posted: April 6, 2007, 11:43 am - IP Logged

      Well the jackpot is still growing....there are only selling less than $5million a drawing.  Even after taxes now it would be worth making a profit.  But $25 million tickets might not be possible in the time frame you have.  haha

      Brad

        Avatar
        NY
        United States
        Member #23835
        October 16, 2005
        3474 Posts
        Offline
        Posted: April 6, 2007, 1:21 pm - IP Logged

        That, and the fact that just one other winner would mean losing about  $5.5 million.

          Avatar
          California
          United States
          Member #46824
          October 1, 2006
          270 Posts
          Offline
          Posted: April 6, 2007, 3:34 pm - IP Logged

          KY Floyd...does that take into account the $25.8 million in sales?  At 30% contribution it comes out to about $7.5 million extra or an extra $3.75 miilion for each of two winners.  Still a losing propostion.


            United States
            Member #16612
            June 2, 2005
            3493 Posts
            Offline
            Posted: April 10, 2007, 11:45 am - IP Logged

            How many rolls did it take to reach $66 million in Texas? I hope the winner steps forward and takes cash option.