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Playing The Mega Millions And Powerball Lottery Games Is Very Expensive $15,600.

Topic closed. 110 replies. Last post 3 years ago by THRIFTY.

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weshar75's avatar - Lottery-042.jpg
Mcminnville, Oregon
United States
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December 13, 2003
3047 Posts
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Posted: May 29, 2013, 12:16 am - IP Logged

Spending $5 on Mega Millions and $10 on Powerball for every drawing equals $30 a week or $1,560 for the year. You will be down $15,600 in 10 years, if you do not win any major prize.

Man thrifty you are a debbie downer!  I don't see why you have to come on lottery post and tell people how to play their expendable income.  If I want to buy $10 mega millions tickets and $15 powerball tickets I should be able too.  Whether I win or lose it is no one business but mine and I don't care how much money I spend over ten years or even twenty years.  Just play what you feel comfortable playing and zip it about what other people do because you are not them.-weshar75

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    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
    United States
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    Posted: May 29, 2013, 12:31 am - IP Logged

    JOHNNY CASH LYRICS.

    "I'm Free From The Chain Gang Now."

    I got rid of the shackles that bound me and the guards that were always around me

    There were tears on the mail mother wrote me in jail

    But I'm free from the chain gang now

    All the years I was known and respected 'til one day I was wrongly suspected

    I was shackled in chains in a cold freezin' rain but I'm free from the chain gang now

    [Guitar]

    All the years I was known by a number how I kept my mind is a wonder

    But like a bird in a tree I got my liberty and I'm free from the chain gang now

    I got rid of the shackles that bound me and the guards that were always around me

    There were tears on the mail mother sent me in jail

    But I'm free from the chain gang now

    There were tears on the mail mother wrote me in jail

    But I'm free from the chain gang now.

    http://www.youtube.com/watch?v=k9IfHDi-2EA

      Avatar
      NEW YORK
      United States
      Member #90535
      April 29, 2010
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      Posted: May 29, 2013, 10:51 am - IP Logged

      Man thrifty you are a debbie downer!  I don't see why you have to come on lottery post and tell people how to play their expendable income.  If I want to buy $10 mega millions tickets and $15 powerball tickets I should be able too.  Whether I win or lose it is no one business but mine and I don't care how much money I spend over ten years or even twenty years.  Just play what you feel comfortable playing and zip it about what other people do because you are not them.-weshar75

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      OUR REGULAR LOTTERY PROGRAMMING.

      1) Playing the lottery more often for less tickets= Buying 1 lottery ticket.

      2) Playing the lottery less often for more tickets= Buying multiple lottery tickets.

      3) Playing the lottery less often for less tickets= Buying 1 lottery ticket monthly or yearly.

      4) Playing the lottery more often for more tickets= Spending more money= Gambling addiction.

      I SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE MY LOSSES.

      A lottery stop loss limit is very important to be a successful lottery player over the long term.

      US Flag

      PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
        United States
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        April 28, 2009
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        Posted: May 29, 2013, 11:05 am - IP Logged

        OUR REGULAR LOTTERY PROGRAMMING.

        1) Playing the lottery more often for less tickets= Buying 1 lottery ticket.

        2) Playing the lottery less often for more tickets= Buying multiple lottery tickets.

        3) Playing the lottery less often for less tickets= Buying 1 lottery ticket monthly or yearly.

        4) Playing the lottery more often for more tickets= Spending more money= Gambling addiction.

        I SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE MY LOSSES.

        A lottery stop loss limit is very important to be a successful lottery player over the long term.

        I think Jack Whittaker bought a hundred dollars worth when he won that $314.9 Million.

        Maybe you should incorporate that strategy into your system.

          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
          Bay Area - California
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          Posted: May 29, 2013, 11:45 am - IP Logged

          Why stop there Thrifty- Why not crusade against Alcohol,  cigarettes, horseracing?
          Why rail against the lottery?


            United States
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            Posted: May 29, 2013, 12:11 pm - IP Logged

            The advanced civilizations of the universe will never come to planet earth. They are afraid of owning a home or becoming addictive to playing the lottery in our planet. We are the pets of the universe. Lol

            Nice work Thrifty. Stay the course my friend, the universe is on your side.


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              Posted: May 29, 2013, 12:15 pm - IP Logged

              You don't know this for certain, believe me the people who wins the lottery never had a clue.  I just think that all your topics are the same and to create a topic about something anyone can do the math on is beyond me.  I still don't get the point.

              Here is the point.... Thrifty is a winner and you are NOT a winner. Simple. Got it?

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                Kentucky
                United States
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                February 14, 2006
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                Posted: May 29, 2013, 2:41 pm - IP Logged

                We should not be playing the lottery, if we can't afford to spend $5 or $10 per drawing on any lottery game.The average lottery player spends $30 a week on the lottery.

                "We should not be playing the lottery, if we can't afford to spend $5 or $10 per drawing on any lottery game."

                For a $2 bet a pick-4 player can get 96 chances to win $100. On the reverse side if they were trying to hit straight, they must spend $1000 to get a 20% chance to win $500. Do you have any logic or real facts to back up why it's necessary to spend $5 or $10 per drawing on pick-3 and pick-4 games?

                "The average lottery player spends $30 a week on the lottery."

                I get it, you're building a straw man. You're saying the average player must spend $5 to $10 a drawing so you can suggest they will play every drawing every week. Am I correct in assuming phase 3 of you straw man is they must play every drawing every year and phase 4 is for 10 or 20 years? 

                The per capita lottery spending in NY is under $400 a year so if 1 in 4 New Yorkers is one of your average lottery players, your $1560 figure might be correct. However NY pays out about 55% of their total sales in prizes so your average players are losing about $700 a year ($13 a week). That figure includes scratch-offs which in most states account for well over 50% of all lottery sales.

                It might be true to say the average player spends $30 a week on lottery tickets, but 60% of your average players are scratch-off players who get an average return of 65% on their $1560 yearly lottery spending. I can't find any figures on how much the average scratch-off players spends a week which could be at least three times higher.

                "You will be down $15,600 in 10 years, if you do not win any major prize."

                Actually they would be down $15,600 if they won no prizes. In a way I see your point because they can only expect to collect a couple thousand on the jackpot games, but your point gets lost when somebody asks why would they continue to spend $1560 a year for nine more years without any substantial wins.

                Maybe that's why the majority of lottery players buy scratch-offs.

                  RJOh's avatar - chipmunk
                  mid-Ohio
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                  Posted: May 29, 2013, 2:56 pm - IP Logged

                  Man thrifty you are a debbie downer!  I don't see why you have to come on lottery post and tell people how to play their expendable income.  If I want to buy $10 mega millions tickets and $15 powerball tickets I should be able too.  Whether I win or lose it is no one business but mine and I don't care how much money I spend over ten years or even twenty years.  Just play what you feel comfortable playing and zip it about what other people do because you are not them.-weshar75

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                  Thrifty is just expressing his personal opinions, you don't have to pay him any attention if you don't want to, I don't even though I read his posts occasionally.

                   * you don't need to buy more tickets, just buy a winning ticket * 
                     
                               Evil Looking       


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                    Posted: May 29, 2013, 4:57 pm - IP Logged

                    So you are spending $20 or $30 weekly playing the lottery? You have ZERO chance of winning $10,400 or $15,600 within 10 years playing the lottery. SAVE YOUR MONEY.

                    Well said Thrifty. You are the man.


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                      Posted: May 29, 2013, 5:02 pm - IP Logged

                      Why stop there Thrifty- Why not crusade against Alcohol,  cigarettes, horseracing?
                      Why rail against the lottery?

                      I don't take Thrifty's comments as "railing" against anything. He saves his money and likes to encourage others to do the same. Thrifty will be the first to tell you to spend all you like, its your money. Green laugh


                        United States
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                        September 7, 2011
                        20244 Posts
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                        Posted: May 29, 2013, 5:11 pm - IP Logged

                        "We should not be playing the lottery, if we can't afford to spend $5 or $10 per drawing on any lottery game."

                        For a $2 bet a pick-4 player can get 96 chances to win $100. On the reverse side if they were trying to hit straight, they must spend $1000 to get a 20% chance to win $500. Do you have any logic or real facts to back up why it's necessary to spend $5 or $10 per drawing on pick-3 and pick-4 games?

                        "The average lottery player spends $30 a week on the lottery."

                        I get it, you're building a straw man. You're saying the average player must spend $5 to $10 a drawing so you can suggest they will play every drawing every week. Am I correct in assuming phase 3 of you straw man is they must play every drawing every year and phase 4 is for 10 or 20 years? 

                        The per capita lottery spending in NY is under $400 a year so if 1 in 4 New Yorkers is one of your average lottery players, your $1560 figure might be correct. However NY pays out about 55% of their total sales in prizes so your average players are losing about $700 a year ($13 a week). That figure includes scratch-offs which in most states account for well over 50% of all lottery sales.

                        It might be true to say the average player spends $30 a week on lottery tickets, but 60% of your average players are scratch-off players who get an average return of 65% on their $1560 yearly lottery spending. I can't find any figures on how much the average scratch-off players spends a week which could be at least three times higher.

                        "You will be down $15,600 in 10 years, if you do not win any major prize."

                        Actually they would be down $15,600 if they won no prizes. In a way I see your point because they can only expect to collect a couple thousand on the jackpot games, but your point gets lost when somebody asks why would they continue to spend $1560 a year for nine more years without any substantial wins.

                        Maybe that's why the majority of lottery players buy scratch-offs.

                        The per capita lottery spending in NY is under $400 a year so if 1 in 4 New Yorkers is one of your average lottery players, your $1560 figure might be correct

                        I will cut back to $1560. per year someday..... Its ok to dream. Green laugh

                          Artist77's avatar - batman14

                          United States
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                          January 16, 2012
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                          Posted: May 29, 2013, 5:24 pm - IP Logged

                          OUR REGULAR LOTTERY PROGRAMMING.

                          1) Playing the lottery more often for less tickets= Buying 1 lottery ticket.

                          2) Playing the lottery less often for more tickets= Buying multiple lottery tickets.

                          3) Playing the lottery less often for less tickets= Buying 1 lottery ticket monthly or yearly.

                          4) Playing the lottery more often for more tickets= Spending more money= Gambling addiction.

                          I SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE MY LOSSES.

                          A lottery stop loss limit is very important to be a successful lottery player over the long term.

                          I like the reasonableness rules by Thirfty. A stop loss limit is good.

                          J'aime La France.

                            PlayToWin47's avatar - Lottery-041.jpg
                            Joplin MO
                            United States
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                            January 28, 2013
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                            Posted: May 29, 2013, 6:36 pm - IP Logged

                            Spending $5 on Mega Millions and $10 on Powerball for every drawing equals $30 a week or $1,560 for the year. You will be down $15,600 in 10 years, if you do not win any major prize.

                            Unfortunately, if you add up any regular small costs over 10 or 20 years ... coffee, eating lunch, buying drinks in a bar, feeding your cat, the lottery, etc. etc., it DOES add up!!!  Per another thread ... if I could get back what I've spent on the lottery, it would be a small jackpot (more than the calculation above)!!!  Sometimes, it is a little depressing if I think about how much I've spent attempting to become rich.  That's ok.  It was fun.

                            BUT...  **EVERYTHING** I have is paid for ... including my trailer sitting on a TOTALLY AWESOME 5-acre building site ... that I will soon start building a house on ... myself ... spending and working a little bit every week until it is done.  I have no debt (except whatever bills I have not yet paid for the month).  I don't have a gambling problem, even though in 2007, I went to multiple casinos every night after work.  The casinos kept me in spending money that year ... AND that was the year that I became debt-free.  My car is a 2002 ... a style that doesn't "look" old ... and I have a '95 truck.

                            I could be living in a nicer house, and be driving nicer cars NOW ... if I was willing to have a bunch of debt (or spend less on entertainment).  Nope.  What I'm doing now works fine.  It's all under control!!!


                              Belgium
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                              May 24, 2013
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                              Posted: May 29, 2013, 7:05 pm - IP Logged

                              I'm playing in Europe Euromillions and I lost about 5k€ and it's only JUNE 2013 ......