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What amount above the following do you consider to be a jackpot?

Anything over a dollar.

[ 0 ]

[ 0.0% ]

$100-$1000

[ 0 ]

[ 0.0% ]

$1000-$5000

[ 3 ]

[ 6.5% ]

$5000-$25,000

[ 0 ]

[ 0.0% ]

$25,000-$100,000

[ 10 ]

[ 21.7% ]

$100,000-$500,000

[ 9 ]

[ 19.6% ]

$500,000-$1,000,000

[ 4 ]

[ 8.7% ]

$1,000,000-$50,000,000

[ 11 ]

[ 23.9% ]

$50,000,000-$100,000,000

[ 8 ]

[ 17.4% ]

Only a $100Mil. or more can make me happy.

[ 1 ]

[ 2.2% ]

Total valid votes

[ 46 ]

Discarded votes

[ 2 ]

jarasan

Harbinger

Maryland
United States
Member #44,102
July 30, 2006
6,610 Posts
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Nov 18, 2007, 7:23 pm

With all the news stories of multiple jackpot winners: What comes to mind when you read or hear about a jackpot hit? I consider a jackpot to mean a substantial cash amount that will greatly reduce or eliminate one's liabilities to the point of having the financial freedom to do whatever you desire. For myself anything over $100K would just about qualify.

FJB
justxploring

Wandering Aimlessly
United States
Member #25,359
November 5, 2005
4,461 Posts
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Nov 19, 2007, 2:50 am

I agree that a real jackpot is $100,000 or more, but often jackpot games like Fantasy 5 have more than 1 winner and they share $250,000 or so. If I hit a $250,000 jackpot along with 3 or 4 other players, I would still say to myself "I finally won a jackpot" - just not a large one. So I checked the $25,000 to $100,000 box, although I had second thoughts after I made my choice.
TexasDreams

Houston, Texas
United States
Member #56,455
November 19, 2007
55 Posts
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Nov 19, 2007, 9:18 pm

I think any amount is a jackpot since I didn't have that amount to begin with, the more money the bigger the blessing.

A few years ago, billionaire Warren Buffett advised "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."
KY Floyd

NY
United States
Member #23,834
October 16, 2005
4,772 Posts
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Nov 20, 2007, 1:45 am

The line is fuzzy, but I figure anything under a million is "just" a big prize. Even a $2 million dollar cash "jackpot" won't net you much over a million. Enough to have financial freedom is a good benchmark, but if you only need another 100 grand to have financial freedom you've already hit the jackpot in life. For me to have financial freedom and not worry about rising costs and the possibility that I'll be on a fixed income for another 50 years I'd want to have at least another million invested, and two would be a safer bet.
csfb

United States
Member #15,309
May 13, 2005
307 Posts
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Nov 20, 2007, 2:48 am

Jackpot for me would be an amount that would pay all my outstanding debts so I'll be debt-free, give me financial independence so I don't have to work if I don't feel like, allow me to travel more, and allow me to share more.
pumpi76

Honduras
Member #20,981
August 29, 2005
4,715 Posts
Offline

Nov 20, 2007, 3:00 am

Good question because i consider a jackpot to be above 25,000 dollars...I heard about someone winning the jackpot for their 5th time but when i saw it was smaller prizes like 1,000 or 5,000 and i dont' consider such jackpots...

"More important than winning the all of the state's lotteries is the movie Red Planet"
RJOh

100

mid-Ohio
United States
Member #9
March 24, 2001
20,272 Posts
Offline

Nov 20, 2007, 11:36 am

The West Virgina Cash25 jackpot is $25,000 because the odds of winning it are 1:177,100 which is lower than most state lottery games. It's the jackpot because it's the top prize and the top prizes of most games or sweepstakes are considered the jackpots regardless of their value. Only people who are happy to win those size jackpots participate in those games.
A lot of people are happy to win $500 playing pick3 games, because most states sell more pick3 tickets than any of their other games with bigger prizes. No pick3 player is expecting to retire on his winnings even if he wins often.

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

Harbinger

Maryland
United States
Member #44,102
July 30, 2006
6,610 Posts
Offline

Nov 20, 2007, 1:32 pm

Quote: Originally posted by RJOh on Nov 20, 2007
The West Virgina Cash25 jackpot is $25,000 because the odds of winning it are 1:177,100 which is lower than most state lottery games. It's the jackpot because it's the top prize and the top prizes of most games or sweepstakes are considered the jackpots regardless of their value. Only people who are happy to win those size jackpots participate in those games.
A lot of people are happy to win $500 playing pick3 games, because most states sell more pick3 tickets than any of their other games with bigger prizes. No pick3 player is expecting to retire on his winnings even if he wins often.

Yes, the top prize for growth or/fixed prize games is the jackpot. In my simple mind though when some one says they hit the jackpot I take it to mean greater than $100K no matter what the game. For eg. lets say tonight I play P4 3294 for $25 straight and it hits, yippee!, even though a $25 str. hit ain't the jackpot for P4 I will say "I HIT THE JACKPOT LAST NIGHT!". $125K is not the top P4 prize but it certainly would feel jackpotty.
When I hit for a couple hundred or couple thousand I say I got a good hit, thats all.

FJB
bashley572

West Side of Sunny Florida
United States
Member #55,046
September 8, 2007
3,371 Posts
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Nov 20, 2007, 4:55 pm

Quote: Originally posted by csfb on Nov 20, 2007
Jackpot for me would be an amount that would pay all my outstanding debts so I'll be debt-free, give me financial independence so I don't have to work if I don't feel like, allow me to travel more, and allow me to share more.

>>>>>>>>>>><<<<<<<<<<<<<<<

Money won is twice as good as money earned!
LuckyLilly

United States
Member #50,122
February 26, 2007
601 Posts
Offline

Nov 20, 2007, 5:17 pm

Quote: Originally posted by csfb on Nov 20, 2007
Jackpot for me would be an amount that would pay all my outstanding debts so I'll be debt-free, give me financial independence so I don't have to work if I don't feel like, allow me to travel more, and allow me to share more.

I agree. The only win I would personally use the term "jackpot" for is one that would change my standard of living. So I voted for 500,000 - 1,000,000, which is the minimum it would take to make a substantial change in my lifestyle.
tntea

50

United States
Member #5,344
June 30, 2004
23,639 Posts
Offline

Nov 21, 2007, 10:05 am

100 million... The jackpot.... oh yeah
Someone winning $600K after splitting with pool...
Not that much to consider... Especially would be rough if they had to split that..lol

I am starting my 8th PB pool today... That has been really fun... Each pool has either 5 to 10 people in the pool.
I keep up with the receipts of who paid and which pool they are in. I make copies of the tickets and the people who are in the pool.
The pool 8 sold out in less than 20 minutes in Florence yesterday.
Of course I have to know everyone who joins.

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44
spy153

United States
Member #28,408
December 15, 2005
1,200 Posts
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Nov 21, 2007, 10:14 am

Quote: Originally posted by LuckyLilly on Nov 20, 2007
I agree. The only win I would personally use the term "jackpot" for is one that would change my standard of living. So I voted for 500,000 - 1,000,000, which is the minimum it would take to make a substantial change in my lifestyle.

I would have to be honest with everyone, here. I chose the 50 million to 100 million because I feel "hitting the jackpot" entails never having to worry about bills, shelter, clothing, etc. Above and beyond the old "getting by" mark. One million would be great. And change my life, for a little while. But I want it to last.

voir-vous dans mes reves!
ThatScaryChick

Idaho
United States
Member #56,504
November 21, 2007
8,002 Posts
Online

Nov 24, 2007, 1:26 am

I think anything above $25,000 is considered a jackpot. Of course $100,000's or a million or more is a big win, but I think many people who've won smaller amounts consider those wins to be jackpots for themselves.
MegaWinner

New Jersey
United States
Member #50,271
March 3, 2007
348 Posts
Offline

Nov 25, 2007, 2:08 am

Any amount that I can retire off of. That would be at least 2 million.

I got my fingers crossed ready to win!!!

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