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Something definitely wrong with this lottery payout..Yikes.

Topic closed. 25 replies. Last post 4 months ago by Drenick1.

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noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
Bay Area - California
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December 12, 2012
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Posted: August 10, 2016, 1:09 pm - IP Logged

On 8-9-16- A  5/5 Mega Millions winner from San Jose - CA will get paid $104K . That's downright embarrassing,  in fact it's total BS

How about the jumping up and down the night before knowing that you are one of two who got 2nd prize only to find out that you walking away with less money than the fantasy 5 payout on the same evening?

Thoughts anyone?

*  Have a Great Hump Day everyone. 

People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

    zephbe's avatar - animal butterfly.jpg
    South Carolina
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    Posted: August 10, 2016, 1:28 pm - IP Logged

    Pari mutuel--each winner’s prize would be determined by ticket sales and number of winners. This can cause the overall payout to end up more than the advertised prize in some cases, and lower than the advertised amount in others. In simplest terms, it is a system of gaming in which wagered funds are pooled and then paid, in equal shares.

    The Powerball 5+0 winner 08-06 only got $241,411. Shocked

    That's CA's rules. 

    Every champion was once a contender who refused to give up.-Rocky Balboa

    “Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar

      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
      Bay Area - California
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      December 12, 2012
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      Posted: August 10, 2016, 1:40 pm - IP Logged

      Pari mutuel--each winner’s prize would be determined by ticket sales and number of winners. This can cause the overall payout to end up more than the advertised prize in some cases, and lower than the advertised amount in others. In simplest terms, it is a system of gaming in which wagered funds are pooled and then paid, in equal shares.

      The Powerball 5+0 winner 08-06 only got $241,411. Shocked

      That's CA's rules. 

      I totally get that Z-  I guess it's proof that Lottery fatigue has kicked in on the West Coast. 

      People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

        zephbe's avatar - animal butterfly.jpg
        South Carolina
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        Posted: August 10, 2016, 1:46 pm - IP Logged

        Guess they are waiting for bigger jackpots.

          Kingofearth's avatar - Kinnak
          Upstate NY
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          May 5, 2016
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          Posted: August 10, 2016, 2:23 pm - IP Logged

          On 8-9-16- A  5/5 Mega Millions winner from San Jose - CA will get paid $104K . That's downright embarrassing,  in fact it's total BS

          How about the jumping up and down the night before knowing that you are one of two who got 2nd prize only to find out that you walking away with less money than the fantasy 5 payout on the same evening?

          Thoughts anyone?

          *  Have a Great Hump Day everyone. 

          You're forgetting taxes, the winner will  get paid a little over 75 thousand while the Florida winner will walk away with almost 10 times that amount.

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area - California
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            Posted: August 10, 2016, 3:24 pm - IP Logged

            You're forgetting taxes, the winner will  get paid a little over 75 thousand while the Florida winner will walk away with almost 10 times that amount.

            No l am not forgetting about the taxes.  I am quoting what the initial payout will be. Thanks for reminding us though. 

            People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

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              south el monte
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              Posted: August 10, 2016, 3:44 pm - IP Logged

              i hate the pari mutuel cali lotto system . hitting 5 numbers should be a million minimum for the odds in this game. unfortunate scenario for the person in san jose . yeah he still won 75 grand but must be bittersweet either way knowing that someone last week iirc won close to 2 million before taxes for hitting 5 numbers .

                Tatototman65's avatar - Lottery-009.jpg

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                Posted: August 10, 2016, 3:57 pm - IP Logged

                If I lived in CA I wouldn't play the lottery for this very reason.

                Smile

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                  LiveInGreenBay's avatar - driver
                  Green Bay
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                  Posted: August 10, 2016, 4:17 pm - IP Logged

                  How is this legal?  According to the lottery website, mega millions, hitting 5 numbers are a million dollars.  Is a million a million or not?  If not, then advertise it as such.

                  Never give up.  Banana

                    Saylorgirl's avatar - Lottery-065.jpg
                    Indiana
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                    Posted: August 10, 2016, 5:13 pm - IP Logged

                    How is this legal?  According to the lottery website, mega millions, hitting 5 numbers are a million dollars.  Is a million a million or not?  If not, then advertise it as such.

                    Because California has its own rules and regulations.  So yes it is legal in California to pay out parimutuel.  I believe they are the only state that pays out like this!

                      LiveInGreenBay's avatar - driver
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                      Posted: August 10, 2016, 5:19 pm - IP Logged

                      Because California has its own rules and regulations.  So yes it is legal in California to pay out parimutuel.  I believe they are the only state that pays out like this!

                      I still don't understand.  Call me stupid I don't care.  Mega millions is a multi-state game.  All proceeds are accumulated with that particular lottery game fund.  So how does California get to decide the payouts?

                      Never give up.  Banana

                        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
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                        Posted: August 10, 2016, 5:37 pm - IP Logged

                        I still don't understand.  Call me stupid I don't care.  Mega millions is a multi-state game.  All proceeds are accumulated with that particular lottery game fund.  So how does California get to decide the payouts?

                        Being a resident of California l am pleased that we at least have a lottery. Its not as liberal especially in that respect. We got MM in the 80's & PB many years later. My beef, particularly with last night's drawings is that the bridesmaids prize for MM was $104K yet our very own Fantasy 5 payout was close to half a million. That's the BS l am trying to come to terms with. How? Something does not add up.

                        People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                          sweetie7398's avatar - flower2
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                          Posted: August 10, 2016, 5:40 pm - IP Logged

                          Terrible

                          Life, love, family Love

                            LiveInGreenBay's avatar - driver
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                            Posted: August 10, 2016, 5:51 pm - IP Logged

                            noise-gate... Have you ever considered moving to another state?  You know... Out of California and somewhere into America?

                            Never give up.  Banana

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                              bel air maryland
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                              Posted: August 10, 2016, 6:14 pm - IP Logged

                              California practices pari-mutuel payouts, based on a California Supreme Court ruling from 1996. The California Lottery had planned to implement keno games, but had to change plans after local natives tribes attempted to sue the lottery stating that keno games were house-banked games and not lottery games. At the time, this was illegal in California. To maintain a level playing field, the California Lottery made a pari-mutuel payout format for games that would alter payout sizes for various games.

                              "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

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