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Something strange with Megabucks Doubler Game

Topic closed. 8 replies. Last post 2 years ago by Stack47.

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ThatScaryChick's avatar - x1MqPuM
Idaho
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November 21, 2007
6537 Posts
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Posted: May 31, 2015, 8:11 am - IP Logged

http://masslottery.com/games/lottery/megabucks-doubler.html

Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000 ($1,760,000 Est. Cash Option)

But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option) 

I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400,000 for the next drawing.

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

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    Kentucky
    United States
    Member #32652
    February 14, 2006
    7297 Posts
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    Posted: May 31, 2015, 4:03 pm - IP Logged

    http://masslottery.com/games/lottery/megabucks-doubler.html

    Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000 ($1,760,000 Est. Cash Option)

    But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option) 

    I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400,000 for the next drawing.

    The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.

    Draw #DateWinning #ST DoublerJackpot AmountJackpot WinnersWhere soldVideo
    330805/30/201502-07-09-11-29-344$2,105,329None
    330705/27/201502-09-21-33-37-461$2,150,072None
    330605/23/201512-20-24-29-31-327$2,055,282None
    330505/20/201504-05-18-34-35-386$1,972,714None
    330405/16/201502-06-08-29-31-447$1,857,286None
    330305/13/201504-13-15-17-30-475$1,772,231None
    330205/09/201517-20-27-46-47-481$1,685,895None
    330105/06/201504-07-29-31-39-425$1,545,016None
      ThatScaryChick's avatar - x1MqPuM
      Idaho
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      Member #56506
      November 21, 2007
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      Posted: May 31, 2015, 4:09 pm - IP Logged

      The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.

      Draw #DateWinning #ST DoublerJackpot AmountJackpot WinnersWhere soldVideo
      330805/30/201502-07-09-11-29-344$2,105,329None
      330705/27/201502-09-21-33-37-461$2,150,072None
      330605/23/201512-20-24-29-31-327$2,055,282None
      330505/20/201504-05-18-34-35-386$1,972,714None
      330405/16/201502-06-08-29-31-447$1,857,286None
      330305/13/201504-13-15-17-30-475$1,772,231None
      330205/09/201517-20-27-46-47-481$1,685,895None
      330105/06/201504-07-29-31-39-425$1,545,016None

      Yeah it does make sense to take the cash. I just thought it was strange that the cash value would go up but the annuity would go down so much.

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

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        Member #161539
        December 3, 2014
        328 Posts
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        Posted: June 1, 2015, 4:27 am - IP Logged

        http://masslottery.com/games/lottery/megabucks-doubler.html

        Right now the site has this listed as the current jackpot for June 3rd: Current Jackpot: $2,200,000 ($1,760,000 Est. Cash Option)

        But after Wednesdays draw it said this: ($2,300,000 - $1,840,000 Est. Cash Option) 

        I know it did because I copied and pasted it into notepad where I keep track of my lines and jackpot amount. Why if no one won the jackpot on Saturday did it go down by 100,000? It should have gone up to around $2,400,000 for the next drawing.

        TSC ... I saw something like that earlier, maybe in April ... I didn't post about it. I think the annuity didn't change but the cash option went up a little and then after the next draw the annuity went up but the cash stayed the same.

        I'm sure I saw this "strange thing" happen but I can't prove anything at this point ... no one posted anything also, so I figured not many people are watching the game.

        I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000.

        Yes, I am also interested in only the "cash" part of the game ... I want those Benjamins in my hand, a person can never have too many Benjamins !!!

        ...

          ThatScaryChick's avatar - x1MqPuM
          Idaho
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          Member #56506
          November 21, 2007
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          Posted: June 1, 2015, 5:11 am - IP Logged

          "I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000."

          Yeah, I find that weird that once the jackpot rolls over it takes multiple draws for it to start going up. I wonder why?

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

            Avatar

            United States
            Member #161539
            December 3, 2014
            328 Posts
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            Posted: June 1, 2015, 5:36 am - IP Logged

            "I've said it before and will say it again ... this is one strange game but I still have tickets ... the fact that the jackpot never changed for five drawings ... staying at $500,000. I still thought they could add something to the pot ... even $100 if not $1000."

            Yeah, I find that weird that once the jackpot rolls over it takes multiple draws for it to start going up. I wonder why?

            ... it's another Mystery of the Ocean !!!

              msharkey2001's avatar - Trek startrek.gif
              New Hampshire
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              December 12, 2012
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              Posted: June 4, 2015, 1:14 pm - IP Logged

              The cash value went up $80,000 and the fact the annuity value went down $45,000 is just another example of why taking the annuity is a bad idea. The annuity value is what the cash value can get over a period of time and interest rates very from month to month.

              Draw #DateWinning #ST DoublerJackpot AmountJackpot WinnersWhere soldVideo
              330805/30/201502-07-09-11-29-344$2,105,329None
              330705/27/201502-09-21-33-37-461$2,150,072None
              330605/23/201512-20-24-29-31-327$2,055,282None
              330505/20/201504-05-18-34-35-386$1,972,714None
              330405/16/201502-06-08-29-31-447$1,857,286None
              330305/13/201504-13-15-17-30-475$1,772,231None
              330205/09/201517-20-27-46-47-481$1,685,895None
              330105/06/201504-07-29-31-39-425$1,545,016None

              I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.

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                Member #161539
                December 3, 2014
                328 Posts
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                Posted: June 4, 2015, 6:30 pm - IP Logged

                I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.

                My thinking is that no one really knows what the tax rates could be in the future ... you have one Democratic candidate talking about a 90% tax rate less than two weeks ago.

                "Bernie Sanders: A 90% tax rate sounds fine to me."

                The new Democratic Governor in PA wants to start taxing lottery wins ... anybody lucky enough to win a large jackpot in PA soon will have more money in their pocket ... if future lottery money starts to be taxed.

                The economy is terrible and they will be looking for money from someone ... including lottery winners.

                If you get all your money up front then you can leave the country for a whole new life elsewhere and not be worrying about future checks and the IRS hunting you down.

                I guess it can depend on a lot of things for each person.

                ...

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                  Kentucky
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                  February 14, 2006
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                  Posted: June 4, 2015, 10:54 pm - IP Logged

                  I would think that with these 2 or 3 million dollar jackpots that taking the annuity would make much more sense from a taxing perspective. With a lump sum payout of 1.5- 2 million you would be taxed at the highest rate and also get hit with the Obamacare tax. Breaking it up over 20 years with annual payouts of $125,000 or so would be a much more tax friendly way to take the JP. I would think anyways.

                  They may have overestimated the annuity and simply made an adjustment because it was going up consistently, spiked, and then show a drop. It's a 30 year annuity and probably worse if say 10 years after taking the annuity, Congress decides to tax $250,000 incomes the same as $2 million today.