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What Happens If There Are Multiple Winners?

Topic closed. 17 replies. Last post 1 year ago by Romancandle.

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March 12, 2015
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Posted: January 10, 2016, 12:56 pm - IP Logged

Let's say there are 40 winner at the current jackpot of 487 million post federal taxes or about 12 mil a winner. I think people would be disgusted.

The super large jackpot helps the lottery but it sure doesnt do much for the people playing it.

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    Germany
    Member #164603
    March 8, 2015
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    Posted: January 10, 2016, 12:57 pm - IP Logged

    Let's say there are 40 winner at the current jackpot of 487 million post federal taxes or about 12 mil a winner. I think people would be disgusted.

    The super large jackpot helps the lottery but it sure doesnt do much for the people playing it.

    Can't have it all, I'd gladly take 12M$

      ArizonaDream's avatar - Lottery-009.jpg

      United States
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      October 10, 2015
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      Posted: January 10, 2016, 1:07 pm - IP Logged

      Let's say there are 40 winner at the current jackpot of 487 million post federal taxes or about 12 mil a winner. I think people would be disgusted.

      The super large jackpot helps the lottery but it sure doesnt do much for the people playing it.

      I'd be happier to see the jackpot split 10, 20, 30, even 40 ways than I would be to see one person blow it all stupidly within a few years.

       

      I think the odds are more in line with a 2 to 4 way split however.

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        Happyland
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        Posted: January 10, 2016, 1:11 pm - IP Logged

        lol....the odds of there being 40 winners are about 1 in 120,021,984,208,233,000,000,000,000,000,000,000,000,000

        Even the odds of 20 winners are about 1 in 2,015,332,095,834,670

        Of course, this assumes random selection.

        If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
        If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

        2017: 0% (0 tickets)
        P&L % = Total Win($)/Total Wager($) - 1

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          Warren, MI
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          Posted: January 10, 2016, 5:37 pm - IP Logged

          With the odds i predict there will be 2 or 3 winners at best. possible there will be only one winner

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            Arizona
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            March 24, 2015
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            Posted: January 10, 2016, 6:48 pm - IP Logged

            If ticket sales are just a bit higher than for the last drawing (say, 470 million instead of 440 million), the probabilities are as follows:

            20% chance of no winner;

            16% chance of single winner;

            38% chance of two-way split;

            19% chance of three-way split;

            5% chance of four-way split;

            and a bit over a 1% chance of splitting five ways or more.

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              Lavender Rocket

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              Posted: January 10, 2016, 7:28 pm - IP Logged

              If ticket sales are just a bit higher than for the last drawing (say, 470 million instead of 440 million), the probabilities are as follows:

              20% chance of no winner;

              16% chance of single winner;

              38% chance of two-way split;

              19% chance of three-way split;

              5% chance of four-way split;

              and a bit over a 1% chance of splitting five ways or more.

              I would like to see it roll for 1 or 2 more times.  Get it up to a mind-blowing amount that will stay #1 for a while.  ensuring our place in history (yes kids - see that lottery jackpot there?  I played in it - and i have a ticket to prove it!

                Guru101's avatar - rw6jhh
                Indiana
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                January 7, 2007
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                Posted: January 10, 2016, 8:01 pm - IP Logged

                Even if there are 10 winners, which most likely won't happen, the split would still be $130M apiece, with a cash option of $80.6M. That's about $46M after taxes here in the state of Indiana, which is nothing to sneeze at.

                Gonna win.Big Smile

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                  NH
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                  Posted: January 10, 2016, 8:10 pm - IP Logged

                  I wouldn't be disgusted if I won because I'd have double the amount than all other winners. Why? Because I buy 2 tickets of the same number when the Jackpot goes over 200 mil with the thought that they'd be mulitple winners. I just bought 5 quick picks from one store and went to another store and played those quik pic numbers. lol

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                    Happyland
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                    Posted: January 10, 2016, 8:14 pm - IP Logged

                    I wouldn't be disgusted if I won because I'd have double the amount than all other winners. Why? Because I buy 2 tickets of the same number when the Jackpot goes over 200 mil with the thought that they'd be mulitple winners. I just bought 5 quick picks from one store and went to another store and played those quik pic numbers. lol

                    I was thinking about this last night.......buy 99 tickets with same numbers....hit the jackpot. Someone else also hits jackpot, but with 1 ticket. I bet they would be pissed. LOL

                    If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                    If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                    2017: 0% (0 tickets)
                    P&L % = Total Win($)/Total Wager($) - 1

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                      NH
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                      Posted: January 10, 2016, 8:21 pm - IP Logged

                      I was thinking about this last night.......buy 99 tickets with same numbers....hit the jackpot. Someone else also hits jackpot, but with 1 ticket. I bet they would be pissed. LOL

                      Oh many people will be pissed but it's brilliant. I buy my doubles from a different store so if i'm lucky enough to hit, they don't come back and say it was so sort of glitch in the system etc . You could also take cash on one ticket and annuity on the other. Although taking the Annuity isn't every bright when you see how PB pays it out. If you're really close to your family, you give a family member a winning ticket. So many other option open up when you have 2 winning tickets...lol

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                        Posted: January 10, 2016, 8:41 pm - IP Logged

                        Let's say there are 40 winner at the current jackpot of 487 million post federal taxes or about 12 mil a winner. I think people would be disgusted.

                        The super large jackpot helps the lottery but it sure doesnt do much for the people playing it.

                        R55:

                        This thang has made PowerBall a household world wide "big" TIME rock and roll and roll to 950 to 1.3 BILLION with a B to be the 1st B jackpot $$$

                        Somethang is "different about it not getting "HIT" on Saturday 1/9/2016...because, all those Quick Picks should

                        have won.............................IT ................BUT, BUTT there would not have been that BILLION JACKPOT $$!

                          psykomo's avatar - animal shark.jpg

                          United States
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                          May 30, 2004
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                          Posted: January 10, 2016, 8:55 pm - IP Logged

                          Let's say there are 40 winner at the current jackpot of 487 million post federal taxes or about 12 mil a winner. I think people would be disgusted.

                          The super large jackpot helps the lottery but it sure doesnt do much for the people playing it.

                          R55:

                          Oh, by the way don't you worry about 40 winners or current powerball jackpots any more. This thing will be signed and sealed on JAN 13, 2916 $$

                          LUCK to you and all LP members >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>^^^^^^^$

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                            United States
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                            Posted: January 10, 2016, 9:49 pm - IP Logged

                            Let's say there are 40 winner at the current jackpot of 487 million post federal taxes or about 12 mil a winner. I think people would be disgusted.

                            The super large jackpot helps the lottery but it sure doesnt do much for the people playing it.

                            Don't play any fortune cookie numbers.

                            Do you remember what happened the last time ?

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                              Happy California
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                              Posted: January 10, 2016, 10:10 pm - IP Logged

                              Can I mention pools?  California allows 100 players in a pool. Wink

                               Chi ha danari, trova cugini. (He who has money finds many cousins.) Italian proverb