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Mega at 207 - cash prize is still 68%

Topic closed. 5 replies. Last post 8 years ago by Prob988.

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dvdiva's avatar - 8ball

United States
Member #2338
September 17, 2003
2063 Posts
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Posted: December 10, 2008, 12:51 am - IP Logged

Sales are also up. Funny how sales reflect the cash prize more than the annuity value.

    Guru101's avatar - rw6jhh
    Indiana
    United States
    Member #48725
    January 7, 2007
    1953 Posts
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    Posted: December 10, 2008, 2:39 am - IP Logged

    It doesn't surprise me.

    Gonna win.Big Smile

      ScorpionPrince's avatar - einstein albert-einstein-4100103.jpg
      Holland, Michigan
      United States
      Member #37733
      April 19, 2006
      75 Posts
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      Posted: December 10, 2008, 4:02 am - IP Logged

      Stop teasing me already and let me win! BS

        Avatar
        New Jersey
        United States
        Member #21206
        September 4, 2005
        949 Posts
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        Posted: December 10, 2008, 11:30 pm - IP Logged

        The destruction of the financial system by the scammers in the Bush administration has implications in this case, since interest rates are low on government bonds.   This is because they are considered as safe compared to say, stocks, or corporate bonds.   They are not safe, but they are considered so.

        Back in 2007, the annuity to cash ratio was more like 59%, meaning that the cash prize in the current drawing would have generated a marketing claim of a $239 million jackpot.

        I always rely on the cash value to determine the expectation value for a jackpot.    The annuity value is meaningless.

        If hyperinflation strikes - and well it might - all jackpots will be worthless.

          DC81's avatar - batman39
          MI
          United States
          Member #54830
          August 31, 2007
          985 Posts
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          Posted: December 10, 2008, 11:58 pm - IP Logged

          Roll Eyes

          Yeah, this is all on the Bush administration, none of this stuff has been in the works since the 90s if not the 80s or 70s nor has the Democrats played any role into it.

          You can't predict random.

            Avatar
            New Jersey
            United States
            Member #21206
            September 4, 2005
            949 Posts
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            Posted: December 11, 2008, 12:30 am - IP Logged

            Exactly.   You start wars for Halliburton, you put all your foxy pals in the henhouse, you hand your pals the keys to the vaults, you get what you should expect.

            According to today's WSJ/CBS poll 48% of Americans rate Bush as the worst President ever.