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I feel sorry for lottery winners in California in the pass and future...

Topic closed. 24 replies. Last post 3 years ago by haymaker.

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March 31, 2012
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Posted: December 20, 2013, 1:04 pm - IP Logged

Don't feel sorry for us here in California. Don't feel sorry for any lottery player anywhere.

If you've won a jackpot,regardless of what taxes you pay...hey...you can afford it.

So you have a few less million. LOL. Who in this day and age even has 1 million???

Well explain this -->  California awards all prizes in a pari-mutuel formula, which calculates the prize amount based on the number of tickets sold and the number of winners in each prize category. I have seen winners win 1 million but then end up with a really cut down check size.. 

    mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
    Los Angeles, California
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    Posted: December 20, 2013, 1:15 pm - IP Logged

    Well explain this -->  California awards all prizes in a pari-mutuel formula, which calculates the prize amount based on the number of tickets sold and the number of winners in each prize category. I have seen winners win 1 million but then end up with a really cut down check size.. 

    Not during this most recent Mega Millions jackpot run.  We don't have multipliers in California, so all we can wager is $1.00 per line.  The two California 5/5 winners won $2.6 million each instead of the $1 million the other 5/5 winners won.  The lower tier prizes were smaller than the fixed payouts though.

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      Kentucky
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      Posted: December 20, 2013, 2:03 pm - IP Logged

      Well explain this -->  California awards all prizes in a pari-mutuel formula, which calculates the prize amount based on the number of tickets sold and the number of winners in each prize category. I have seen winners win 1 million but then end up with a really cut down check size.. 

      You really should do some research before talking about lottery games and probably before playing them.

      California has no state income tax on lottery winnings and a parimutuel prize is exactly that. They take a percentage of all the play and divide the remainder by the number of winning tickets. A fixed percentage of the remainder goes into the 5 number match pool and if nobody wins its added to the next drawing pool.

      "I have seen winners win 1 million but then end up with a really cut down check size.."

      If the Cali MM prize for matching 5 + 0 is $1 million, the net will be the same as any other $1 million Cali winner, but it might be considerably larger than the net in other states where state and local taxes are applied to lottery winnings.

        gnozahs's avatar - Lottery-029.jpg
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        Posted: December 20, 2013, 2:08 pm - IP Logged

        How do I feel?

         

        I don't really give a crap. I don't even think a second about it. Give me a couple mil and I'm a happy camper.

          mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
          Los Angeles, California
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          Posted: December 20, 2013, 2:18 pm - IP Logged

          I really don't have that much to complain about with our lottery system here other than wishing for a "looser" scratcher payout and swapping the Daily Derby with something like Arizona's 2x2, Texas's All or Nothing, or some other interesting numbers game.  Wink

            rdgrnr's avatar - walt
            Way back up in them dadgum hills, son!
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            Posted: December 20, 2013, 6:44 pm - IP Logged

            I feel sorry for lottery winners in California in the pass and future...

            I'm not in California anymore but that Donner Pass certainly is some wicked terrain.

            I hear there's nothin' good to eat up there either...


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              Posted: December 20, 2013, 7:20 pm - IP Logged

              Well explain this -->  California awards all prizes in a pari-mutuel formula, which calculates the prize amount based on the number of tickets sold and the number of winners in each prize category. I have seen winners win 1 million but then end up with a really cut down check size.. 

              I'll explain. Winning a "cut down check" from a million down to let's say 200,000 sucks !

              But I'd be 200,000 dollars richer than I'm now. I'd be happier than a pig in shlitz if i only won 50,000. PARTY TIME!!!!!!


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                Posted: December 20, 2013, 7:23 pm - IP Logged

                How do I feel?

                 

                I don't really give a crap. I don't even think a second about it. Give me a couple mil and I'm a happy camper.

                OMG !

                HA

                LMAO...Green laugh


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                  Posted: December 20, 2013, 7:25 pm - IP Logged

                  I hear there's nothin' good to eat up there either...

                  Coin wrote "Donner's Pass" , not "Dinner's Pass". lol

                    haymaker's avatar - Lottery-012.jpg
                    Egg Harbor twp.south Jersey shore
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                    Posted: December 20, 2013, 7:58 pm - IP Logged

                    I feel sorry for lottery winners in California in the pass and future...

                    I'm not in California anymore but that Donner Pass certainly is some wicked terrain.

                    LOL

                    And don't try to go over cajon pass w/out tire chains in the winter.

                    Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.