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Unusual Results in FL tonight

Topic closed. 3 replies. Last post 9 years ago by justxploring.

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justxploring's avatar - villiarna
Wandering Aimlessly
United States
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November 5, 2005
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Posted: March 29, 2008, 2:42 am - IP Logged

MegaMoney, a game with odds of 1 in 2,986,522, had more winners than Fantasy 5, a game with odds of 1 in 376,992

One lucky winner hit Fantasy 5, with a jackpot of $263K, but the MegaMoney which had rolled to $2 million had 4 lucky winners.  Each will win $500,000 but that's paid over 20 years.  The lump sum payout is usually between 65-70%.  So taking an estimated cash value of $1,350,000 divided by 4, each winner will get approx $340,000 less tax.   

Actually, my first reaction was wrong.  The MM winners still will walk away with more money than the 1 Fantasy 5 winner, since MM had rolled over 4 times, but imagine finally hitting it and there are 3 other winners!  (Still, I'd be a happy camper.)   

    mylollipop's avatar - Trek STLOGO6.png

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    October 21, 2005
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    Posted: March 29, 2008, 5:32 am - IP Logged

    MegaMoney, a game with odds of 1 in 2,986,522, had more winners than Fantasy 5, a game with odds of 1 in 376,992

    One lucky winner hit Fantasy 5, with a jackpot of $263K, but the MegaMoney which had rolled to $2 million had 4 lucky winners.  Each will win $500,000 but that's paid over 20 years.  The lump sum payout is usually between 65-70%.  So taking an estimated cash value of $1,350,000 divided by 4, each winner will get approx $340,000 less tax.   

    Actually, my first reaction was wrong.  The MM winners still will walk away with more money than the 1 Fantasy 5 winner, since MM had rolled over 4 times, but imagine finally hitting it and there are 3 other winners!  (Still, I'd be a happy camper.)   

    Oh Phooey!  What made me think that each would get $2 mil?  Wishful thinking!  And the unusual win too, I guess!  Like you, I would be happy regardless!

      ThatScaryChick's avatar - x1MqPuM
      Idaho
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      November 21, 2007
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      Posted: March 29, 2008, 12:13 pm - IP Logged

      Actually, my first reaction was wrong.  The MM winners still will walkaway with more money than the 1 Fantasy 5 winner, since MM had rolledover 4 times, but imagine finally hitting it and there are 3 otherwinners!  (Still, I'd be a happy camper.) 

      I would also be happy to win. That is a lot of money to me, but it would be disappointing to learn there were a bunch of other winners as well, since it was a lower type jackpot. 

      "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

        justxploring's avatar - villiarna
        Wandering Aimlessly
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        Posted: March 29, 2008, 1:32 pm - IP Logged

        That's what happens a lot of the time when all the numbers are very low.  Still, I've never won and I follow the "rules" or get quick picks so  4-12-17-21 and MB 9 worked out well for 4 people.  However, 2 of the 4 winning tickets were QPs.   3 of the 4 winners were in the Miami area, which isn't uncommon to see.