POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOT

Jan 10, 2016, 1:32 am (567 comments)

Powerball

Initial estimate is $1.3 billion, but will undoubtedly go higher

By Todd Northrop

Is it even possible to imagine what it would be like to win more than $1 billion?

Millions of people around the nation will get the chance this Wednesday night, when Powerball is set to offer the largest lottery jackpot prize ever awarded in history.

The country came to a standstill Saturday night, as the Powerball lottery drew five numbers plus one Powerball number.  Those numbers were 16, 19, 32, 34, and 57, with Powerball number 13.

Amazingly, not one single ticket sold for Saturday's drawing matched all of the numbers drawn, so the Multi-State Lottery Association (MUSL) has set the initial Powerball jackpot estimate for Wednesday to $1.3 billion.

Yes, that's billion, with a "B".

After the Saturday estimate was raised three times after it's initial estimate of $675 million, finally landing at $949.8 million by draw time, it is a sure-fire bet that Wednesday's jackpot will similarly spark so many ticket sales that MUSL will push up the estimate once or twice — or three times — before Wednesday.

At this point it's almost quaint to think of the previous world record set by Mega Millions in March, 2012, of $656 million.  That jackpot was won by three tickets sold in Illinois, Kansas, and Maryland.

The initial estimate for the lump-sum cash option for Wednesday's Powerball drawing is $806 million.  Again, this easily crushes the previous Mega Millions cash value record of $471 million.

Doubtless, there will be a rush of media pundits clamoring to cite the tiny chance each player has of winning.  There will probably be a thousand different analogies designed to explain how small the chances are.  Maybe this time the odds are actually better of getting struck by lightning while at the same time being eaten by a shark than it is to win the Powerball jackpot.

But no matter how hard they try to convince people to resist the urge to play, the pundits are up against a simple fact: there is enough money at stake to make even the most pessimistic person line up at the lottery ticket counter this week.

If you're not sure where to buy your tickets, or if you're traveling out of state to buy tickets, head right over to the Lottery Places website to download the free app on your phone or Windows 8 or Windows 10 computer. Lottery Places is the only app on the market that will locate lottery retailers in every state and jurisdiction throughout the United States.

Following the Saturday drawing, the Powerball annuity jackpot estimate was raised $350.2 million from its previous amount of $949.8 million. The cash value was raised by $217.1 million from its previous amount of $588.9 million.

When a Powerball ticket is purchased with the Power Play option for an extra $1 per ticket, any non-jackpot prize is increased according to a fixed prize schedule, which can be found on the Powerball Drawing Detail page at USA Mega, as well as on the Powerball Prize Payouts page at Lottery Post.

Lottery players seeking to check the winning numbers Wednesday night are urged to use USA Mega (www.usamega.com). State lottery Web sites are normally brought to a standstill during busy periods, while USA Mega normally remains responsive. That was the case Saturday night, when USA Mega delivered the winning numbers to hundreds of thousands of lottery players immediately following the drawing.

Powerball drawing results will be posted immediately after the 10:59 pm Eastern Time drawing at USA Mega (8:59 pm Pacific Time). The number of winners and new jackpot will be announced after all participating Powerball states have reported their data, which normally occurs within a couple of hours after the drawing.

Players are advised not to wait until the last minute to buy their lottery tickets.  Sales will remain open until around 10:00 pm Eastern Time on Wednesday, although players should check with a lottery retailer in their state for the exact sales cutoff time.

The odds of winning the jackpot are approximately 1 in 292 million. The odds of winning any of the Powerball prizes are approximately 1 in 24.

Powerball features nine different prize levels, ranging from $4 all the way up to the jackpot. Players can win even if they just match one number — the Powerball number.

Powerball is now played in 44 states, plus the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.  Drawings are Wednesdays and Saturdays at 10:59 p.m. Eastern Time.  Tickets cost $2 each.

Powerball lottery results are published within minutes of the drawing at USA Mega (www.usamega.com).  The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Powerball.

Top 25 United States lottery jackpots of all time

Wednesday's Powerball jackpot currently stands as the largest lottery jackpot of all time worldwide.  The amount of the jackpot may rise even further before the drawing Wednesday night, as lotteries are typically conservative in their initial estimates, and brisk sales will certainly continue to push the jackpot estimate higher by draw time.

  1. Powerball: $1.3 billion, Jan. 13, 2016 - Preliminary estimate, not won yet
  2. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  3. Mega Millions: $648 million, Dec. 17, 2013 - California, Georgia
  4. Powerball: $590.5 million, May 18, 2013 - Florida
  5. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  6. Powerball: $564.1 million, Feb. 11, 2015 - North Carolina, Puerto Rico, Texas
  7. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  8. Powerball: $425.3 million, Feb. 19, 2014 - California
  9. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  10. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  11. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  12. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  13. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  14. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  15. Powerball: $340 million, Oct. 19, 2005 - Oregon
  16. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  17. Powerball: $337 million, Aug. 15, 2012 - Michigan
  18. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  19. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  20. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  21. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  22. Mega Millions: $326 million, Nov. 4, 2014 - New York
  23. Mega Millions: $319 million, Mar. 25, 2011 - New York
  24. Mega Millions: $315 million, Nov. 15, 2005 - California
  25. Powerball: $314.9 million, Dec. 25, 2002 - West Virginia

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Powerball: 13
  • Mega Millions: 10
  • The Big Game: 2

The Big Game is the original name of Mega Millions, from the game's first drawing on Sep. 6, 1996 through May 14, 2002.  The name was changed to Mega Millions starting with the May 17, 2002 drawing.

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

The new Powerball jackpot ranks as the largest lump-sum cash value jackpot in history.

  1. Powerball: $806 million cash, Jan. 13, 2016 ($1.3 billion annuity) - Preliminary estimate, not won yet
  2. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  3. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  4. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  5. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  6. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($648 million annuity) - California, Georgia
  7. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  8. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  9. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  10. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  11. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  12. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  13. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  14. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  15. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  16. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  17. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  18. Mega Millions: $197.5 million cash, Nov. 4, 2014 ($326 million annuity) - New York
  19. Powerball: $197.4 million cash, Sep. 30, 2015 ($310.5 million annuity) - Michigan
  20. Mega Millions: $194.4 million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  21. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  22. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  23. Mega Millions: $177.3 million cash, Jan. 16, 2015 ($270 million annuity) - Illinois
  24. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  25. Powerball: $170.5 million cash, Dec. 25, 2002 ($314.9 million annuity) - West Virginia

The number of jackpot cash values in the top 25, by lottery game, are:

  • Powerball: 13
  • Mega Millions: 11
  • The Big Game: 1

Lottery Post Staff

Comments

mightwin's avatarmightwin

Like I said in the other post we have all been wanting this for years..... It's a perfect storm

VenomV12

Now you are really going to see ticket sales explode. Going to be at least $1.5 billion by drawing.

DC81's avatarDC81

I think the only words to describe this would be HOLY CRAP!

It only took odds of 1 in 292M to make it.

LottoMetro's avatarLottoMetro

I had 2 tickets in this draw, any more than that and would have felt foolish.

Well, I will raise the limit to 10 for the next draw. And I am very confident that there will be one or more winners.

Cheers

Deeyar948

What were the odds of being no winner tonight? does anyone know?

mightwin's avatarmightwin

I wonder what they're going to do on the billboards because they only have three digits, for the millions.... Lol

deeharveyd's avatardeeharveyd

Wow...just Wow...Can't believe it.

yellowpig

Quote: Originally posted by Deeyar948 on Jan 10, 2016

What were the odds of being no winner tonight? does anyone know?

about 20%

Deeyar948

Wow so all those sales and not all combinations were covered. Shows you how absurd the odds to win are.

yellowpig

Quote: Originally posted by Deeyar948 on Jan 10, 2016

Wow so all those sales and not all combinations were covered. Shows you how absurd the odds to win are.

yup about $900M in sales as well the next few days will be absolutely insane

Original Bey's avatarOriginal Bey

Party

lulu1feather

Have mercy, that's a lotta money!

Eek

Todd's avatarTodd

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

Rman313's avatarRman313

EekEekEek Thats a LOT a dough, OMG!!!!

Bilionario's avatarBilionario

SENSATIONAL Eek

BBLL's avatarBBLL

Thanks ToddHurray!

deborahl's avatardeborahl

UNBELIEVABLE! How can that be? Wow! I'm speechless

deeharveyd's avatardeeharveyd

Your doing a great job. I so enjoyed while all the other sites were down I was able to check my numbers on your site.

lulu1feather

Quote: Originally posted by Todd on Jan 10, 2016

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

I saw that and I thought that was such a fun new way to think about it.. 1300 million.. I kinda like it

alexnt55

Quote: Originally posted by yellowpig on Jan 10, 2016

about 20%

Just curious but how do you figure that about 20% of the combinations were not played. I remember someone on here awhile back explaining something about how to figure it but cant recall the details.

joshuacloak's avatarjoshuacloak

This will be an amazing week of media hype. I look forward to all the crazy stories going up this week. Todd needs to get invited on CNN.

deborahl's avatardeborahl

I can't even imagine a billion dollars!

RedStang's avatarRedStang

If i wasn't hammered I'd run up to the mobil to see what the sign says.

mrcraft's avatarmrcraft

Quote: Originally posted by Todd on Jan 10, 2016

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

Neither are all the California electronic jackpot advertisement boards, only has three digits...  :)

sirbrad's avatarsirbrad

I figure it would roll, I matched 2 numbers lol. I am just glad it rolled since I lost as everyone would have been very disappointed if it got that close and did not reach a billion or over and now it has! Bring it baby! Lep   Party

yellowpig

Quote: Originally posted by alexnt55 on Jan 10, 2016

Just curious but how do you figure that about 20% of the combinations were not played. I remember someone on here awhile back explaining something about how to figure it but cant recall the details.

so according to the texas lottery spreadsheet about 75% of combos were sold at a jackpot of 914M - extrapolated it a bit for one of 950M


http://www.txlottery.org/export/sites/lottery/Documents/jackpotestimates/pb20160109.pdf

mypiemaster's avatarmypiemaster

Quote: Originally posted by deborahl on Jan 10, 2016

I can't even imagine a billion dollars!

You just did. Now try your best to win some of it. Good luck to you.

ronki

Whoppie  the states R going to make Mo money

Kumo's avatarKumo

Holy moly that is a lot of money!

I cannot believe it, this must be a dream.

yellowpig

Quote: Originally posted by mrcraft on Jan 10, 2016

Neither are all the California electronic jackpot advertisement boards, only has three digits...  :)

texas's website shows 1.30 billion now

Toronto

I wanna be a billionaire so frickin' bad

bsdme

Here come the billion jackpot that everyone waiting for :)

Have fun everyone !!! Party

mypiemaster's avatarmypiemaster

ScaredArrrrrrrrrrrrrrrrrrrrrrrrrrrrr. They finally made history. Now I can sleep soundly BedGood night and good luck to all.

waryman

There are 4 full days before the next drawing.  Expect this to jump up by at least 500 million before then.  This previous drawing went from 675 to 956 million in a 3 day period.  This is gonna be the biggest news story for the next 4 days!!!!

yellowpig

Quote: Originally posted by waryman on Jan 10, 2016

There are 4 full days before the next drawing.  Expect this to jump up by at least 500 million before then.  This previous drawing went from 675 to 956 million in a 3 day period.  This is gonna be the biggest news story for the next 4 days!!!!

think there will probably be about $1.3B in sales which should bring the jackpot to $1.6B for the draw

Groppo's avatarGroppo

Quote: Originally posted by mypiemaster on Jan 10, 2016

ScaredArrrrrrrrrrrrrrrrrrrrrrrrrrrrr. They finally made history. Now I can sleep soundly BedGood night and good luck to all.

Yes, something like that.

Likewise.

Coin Toss's avatarCoin Toss

Quote: Originally posted by Todd on Jan 10, 2016

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

Yeah Todd, that $1300 million looks a little strange.

There's a passage in the Bible about 'two hundred thousand thousand' (200,000,000), it made me think of that.

Groppo's avatarGroppo

Quote: Originally posted by waryman on Jan 10, 2016

There are 4 full days before the next drawing.  Expect this to jump up by at least 500 million before then.  This previous drawing went from 675 to 956 million in a 3 day period.  This is gonna be the biggest news story for the next 4 days!!!!

I simply can't comprehend the prize.

Will I be expected to wear all white robes and the turban?

LOTTOPLAYER13

So this will make the a sole winner (technically) on the FORBES BILLIONAIRES LIST?

Nikkicute's avatarNikkicute

OH MY GOODNESS!!Thudwow!! It's about to get craazy!!

waryman

HAHABig Smile

VenomV12

Quote: Originally posted by LOTTOPLAYER13 on Jan 10, 2016

So this will make the a sole winner (technically) on the FORBES BILLIONAIRES LIST?

Not even close. Even a billion liquid or in assets or a combination won't get you on the list I believe. 

gocart1's avatargocart1

PartyUS FlagPartyHOLY COW

waryman

Quote: Originally posted by Groppo on Jan 10, 2016

I simply can't comprehend the prize.

Will I be expected to wear all white robes and the turban?

HAHAHALOL

Original Bey's avatarOriginal Bey

7-11s will look like Walmarts on Black Friday

JAMORA's avatarJAMORA

I hope there are many winners...and we hear about how it turned things around for many people!

cjcpop2007

Wow this is truly unbelievable, that is a lot of money. I surely thought that somebody was going to win tonight's drawing. I guess new players are going to come out to play.

benmas's avatarbenmas

this is really stupid because no matter who wins the next jackpot, we now know that same thing can happen again. another long run to a big jackpot that takes peoples money just to make a few millionaires (or one single billionaire)..what is really the purpose of this isht... to make money for the lottery and the states that allow it...median individual income in us is $24,000..median household is $52,000..just dangle a billion dollar carrot jackpot and suckers will buy it at $2 a ticket. there is a sucker born every minute.

joshuacloak's avatarjoshuacloak

Quote: Originally posted by cjcpop2007 on Jan 10, 2016

Wow this is truly unbelievable, that is a lot of money. I surely thought that somebody was going to win tonight's drawing. I guess new players are going to come out to play.

New players will see that 1.3 billion jackpot and be like:

AbsolutelyFun

Quote: Originally posted by benmas on Jan 10, 2016

this is really stupid because no matter who wins the next jackpot, we now know that same thing can happen again. another long run to a big jackpot that takes peoples money just to make a few millionaires (or one single billionaire)..what is really the purpose of this isht... to make money for the lottery and the states that allow it...median individual income in us is $24,000..median household is $52,000..just dangle a billion dollar carrot jackpot and suckers will buy it at $2 a ticket. there is a sucker born every minute.

Dunno about you others but I like being a sucker......Ideally a very, very wealthy sucker.

Piaceri

Thud

SANKORE's avatarSANKORE

cjcpop2007

Quote: Originally posted by joshuacloak on Jan 10, 2016

New players will see that 1.3 billion jackpot and be like:

Lol, yup, this will be the talk of the country for the next week and when people see $1.3 billion dollar jackpot on billboards while driving, talking about it on social media, at work, or wherever, they will want to play for that chance to win.

BBLL's avatarBBLL

One Ticket

One Winner

 

Party

LottoPerro

Awesome stuff. Powerball's at $1.3 Billion! You'll be up there with Bill Gates's net worth if you win this.

VenomV12

Quote: Originally posted by LottoPerro on Jan 10, 2016

Awesome stuff. Powerball's at $1.3 Billion! You'll be up there with Bill Gates's net worth if you win this.

Bill Gates is worth anywhere from $80 billion to $100 billion, you won't be anywhere remotely near him even if you win this. Smile

s5thomps's avatars5thomps

Enough Already! This is getting ridiculous!

sirbrad's avatarsirbrad

Funny also how back when the MM got up to $656 million after they changed it they said Powerball sales slumped, and then they changed PB to make it harder and look at it now lol. Also funny how people disregard "smaller amounts" that are still huge amounts and life changing. But most of society is financially illiterate and have no clue just how much money millions or billions is. Then you get some new players who buys a ticket on a whim and wins it all who is not even prepared at all. The lottery plays no favorites.

lakerben's avatarlakerben

I got the 13,16 57.

 

And 19 in a separate ticket.

 

Worth a few bucks for the next draw.

Ron5995

The seemingly impossible has finally occurred, the $1 Billion annuity jackpot. It's exciting for players and a huge windfall for the participating lotteries...

Hopefully, jurisdictions that heavily rely on lottery proceeds make the best of it, since the bar has been dramatically raised for what will bring players out in droves in the future. Was a time when $10 million was a big deal, then $50 million, then $100 million (PA Super 7 build-up was a huge deal back in the day; 1989), etc. Now it will be to the point that many people won't even bother playing unless the jackpot is at least 1/2 billion ($500 million) plus.

And to think there's a possibility of another rollover. While it's easy to assume this will be a sure sell out, there's only so much money people are willing to wager. Limits on lottery infrastructure; try to buy a million tickets at your local retailer - likely not happening. To cover all combinations will take nearly $600 million in gross sales minimum, though due to dupes, will still leave a decent chunk of combinations open...

Bottom line, a rollover is plausible with $2 billion being advertised for next Saturday. Incredible!

Good luck to all who play. I may sit this one out, or at most play 5 tickets. Not playing seems crazy, but to win the jackpot could be worse. Not a widely shared sentiment, but have to assume there are others who have similar thoughts. On the other hand, the lure of being part of history and dreams of being a billionaire (even if for a brief time before taxes are taken out) is overly compelling.

Kyle7824's avatarKyle7824

Had 1 right :-(

whiteballz's avatarwhiteballz

Here is a chart of the Powerball jackpots since September 2015.

sirbrad's avatarsirbrad

Jackpot be like "n*gga when we rollin', rollin', rollin" Lol.

frank0sport16

Greetings ....

Given this latest development, I'd rather see the annuitized jackpot frozen at $ 900 million and let the excess be spread over the lower prizes. Of course, there are those who would not even dare think of touching that idea.

Even so, how would you feel if the 2nd prize was worth at least say $ 5,000,000. We'll imagine that at draw time its worth is $ 6,840,000. Assume your ticket is not shared with anybody, so you have the choice of a $ 4,240,800 cash option payout -OR- a fixed 30-year annuity that pays $ 228,000 annually. Tax considerations would naturally make choosing the 30-year annuity option the right call.

If you're really smart, not only would you take the 30-year annuity option, but you would be careful not to spend more than half of your approximate after-tax income of $ 139,000 each year. Do that, and by the end of the 30-year period you'll have saved enough to get you by for another 20-30 years.

Yes, it is a nice idea. Pity that few will see it as such.

Oh, BTW -- Now that Powerball has cracked the "Billions and Billions" of Dollars Barrier, where's Dr. Carl Sagan when we really need him?

Thanx-A-Lot, Please Play Responsibly and Best of Luck to all - Frank0Sport16

joshuacloak's avatarjoshuacloak

Quote: Originally posted by sirbrad on Jan 10, 2016

Jackpot be like "n*gga when we rollin', rollin', rollin" Lol.

That's a great song for this jackpot.

 

Keep rollin, rollin, rollin, rollin (What?)
Keep rollin, rollin, rollin, rollin (Come on)
Keep rollin, rollin, rollin, rollin (Yeah)
Keep rollin, rollin, rollin, rollin

Now I know yall be lovin' this [Jackpot] right here

1.3 Billion is right here

Original Bey's avatarOriginal Bey

If an LP member finds him/herself among the winners on Wednesday, please remember how Todd busted his chops to keep us engaged, entertained and informed and make a healthy donation to LP Nation!

OldSchoolPa's avatarOldSchoolPa

Quote: Originally posted by mightwin on Jan 10, 2016

I wonder what they're going to do on the billboards because they only have three digits, for the millions.... Lol

999 or 1BN if programmers can reprogram the boards.

Todd's avatarTodd

After seeing $1.3 Billion show up on LP and USA Mega as $1300 Million, I have gone through and hopefully fixed everything to show "$1.3 Billion".

Please do me a favor and if you see any more "$1300 Million" please send me a PM to let me know.  (I may not see it if you post it in this thread.)

Thanks!

sirbrad's avatarsirbrad

Quote: Originally posted by Todd on Jan 10, 2016

After seeing $1.3 Billion show up on LP and USA Mega as $1300 Million, I have gone through and hopefully fixed everything to show "$1.3 Billion".

Please do me a favor and if you see any more "$1300 Million" please send me a PM to let me know.  (I may not see it if you post it in this thread.)

Thanks!

The Powerball billion dollar roll-over broke Lotterypost lol. LOL

sirbrad's avatarsirbrad

$1.3 Billion that's Michael Jordan money, and more than Tiger Woods which has always been my goal to have more than both. Cheers

sirbrad's avatarsirbrad

What a trillion dollars looks like with double stacked pallets. Wow, I can find room for it don't worry lol. 7 packets wide by 16 packets deep, with each packet being $10,000. 7 x 16 = 112 packets per layer 112 x $10,000 = $1,120,000 per layer. Also shows several other examples of a million, billion, etc. 1 billion is 10 pallets lol. The little guy on the bottom left is an average sized person lol. A trillion dollars is a FARM of money lol. http://www.pagetutor.com/trillion/calculations.html

dallascowboyfan's avatardallascowboyfan

WOW!!!!! Thud

sirbrad's avatarsirbrad

One billion dollars lol. Ten pallets of $100 million dollars, one layer is 7 packets wide by 16 packets deep, with each packet being $10,000. Would need a bank vault sized safe in your house if you wanted to cash it out lol.

 

 

mypiemaster's avatarmypiemaster

Thumbs UpAttaboy to MUSL for this accomplishment. They made a believer out of me. I didn't know they had it in them. There must be fireworks and champagne bursting at HQ all week long. What a milestone. Congratulations to MUSL.  Thumbs Up

joshuacloak's avatarjoshuacloak

Sirbrad, sense you like looking at piles of money. Here you go:

maximumfun's avatarmaximumfun

I got the following as "lottery advice" emailed me today from a friend:

If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

  1.  it will make it much harder for them to ask to borrow money from you &
  2.  it will tell you who your real friends are so you can share with those in the 2nd column.
whiteballz's avatarwhiteballz

I'm hoping for one winning ticket and one winner.

sirbrad's avatarsirbrad

Quote: Originally posted by joshuacloak on Jan 10, 2016

That's a great song for this jackpot.

 

Keep rollin, rollin, rollin, rollin (What?)
Keep rollin, rollin, rollin, rollin (Come on)
Keep rollin, rollin, rollin, rollin (Yeah)
Keep rollin, rollin, rollin, rollin

Now I know yall be lovin' this [Jackpot] right here

1.3 Billion is right here

Yeah it is but I was referring to this one lol. 

AbsolutelyFun

Want to take home One Billion dollars cash? The Cash Option sans taxes. (no, not the Annuity)

Well first you need to make the following assumptions:

You must pay 39.6% to the IRS as Federal Tax

You must pay taxes in your individual state if applicable. Lets go with the highest in the country according to LP which is 8.82% so we will calculate by that (thanks New York)

And lastly we will assume the most recent Cash Option percentage which is $806 million divided by the jackpot $1.3 Billion which is 62%.

You would need the jackpot to rollover to $3,126,993,459 and of course be the sole winner.

Your Cash Option would be $1,938,735,945 (the 62%)

and you will pay $767,739,434 in Federal Taxes and (the 39.6%)

assuming you're in New York you will pay the State of New York, $170,996,510 (the 8.82%)

leaving you the nice chunk of change of $1,000,000,000 also known as One Billion Dollars......Crazy mind boggling.

VenomV12

I kind of feel that when the jackpot gets really high, like over $500 million, the second prize should go up also, at least three to five million dollars. 

sirbrad's avatarsirbrad

I would probably drive around blasting this song after I won, which I already do anyway lol. 

 

DELotteryPlyr's avatarDELotteryPlyr

Quote: Originally posted by Todd on Jan 10, 2016

After seeing $1.3 Billion show up on LP and USA Mega as $1300 Million, I have gone through and hopefully fixed everything to show "$1.3 Billion".

Please do me a favor and if you see any more "$1300 Million" please send me a PM to let me know.  (I may not see it if you post it in this thread.)

Thanks!

The 3 states I follow/watch all have 3 different listings for the rollover jackpot!

Maryland has it correct as 1.3 billion.

New York is listing it as 999 million so it can't handle the billion - LOL!!!

Delaware is still showing 900 million, which is about right they are like the red headed stepchild of lottery's 

peppy007

Quote: Originally posted by AbsolutelyFun on Jan 10, 2016

Want to take home One Billion dollars cash? The Cash Option sans taxes. (no, not the Annuity)

Well first you need to make the following assumptions:

You must pay 39.6% to the IRS as Federal Tax

You must pay taxes in your individual state if applicable. Lets go with the highest in the country according to LP which is 8.82% so we will calculate by that (thanks New York)

And lastly we will assume the most recent Cash Option percentage which is $806 million divided by the jackpot $1.3 Billion which is 62%.

You would need the jackpot to rollover to $3,126,993,459 and of course be the sole winner.

Your Cash Option would be $1,938,735,945 (the 62%)

and you will pay $767,739,434 in Federal Taxes and (the 39.6%)

assuming you're in New York you will pay the State of New York, $170,996,510 (the 8.82%)

leaving you the nice chunk of change of $1,000,000,000 also known as One Billion Dollars......Crazy mind boggling.

And if u lived in nyc, the jackpot would have to be even higher as we get taxed locally 3.876%

peppy007

Quote: Originally posted by maximumfun on Jan 10, 2016

I got the following as "lottery advice" emailed me today from a friend:

If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

  1.  it will make it much harder for them to ask to borrow money from you &
  2.  it will tell you who your real friends are so you can share with those in the 2nd column.

I love that idea. Will definitely try it should I ever come into money.

joshuacloak's avatarjoshuacloak

DELotteryPlyr, the jackpot is incalculable.

I screenshotted the NY website before they fix it later today so you all can see the magnificence of this jackpot. I enjoyed the "CHECK BACK SOON" sign the most.

majestic1070's avatarmajestic1070

I had 3 numbers and won only $21

sirbrad's avatarsirbrad

Those who matched all 5 and missed the PB be like. PukeLol.

deborahl's avatardeborahl

Do you think if their were one winner that they would be safe? Only everyone in America is after that jackpot. A lot of people are feeling pretty lucky and have ideas of how the jackpot should be spent. I'm sure with all the people spending so much money on the lottery, and walking away with nothing at the end, (but in debt) someone is bound to get angry and set out to take revenge. What do you think?
I pray anyone who is playing especially if they win will keep a level head and except how the luck had come to them or anyone else. I hope it is pleasant for everyone who is involved.
Be sure to get protection not only for you but all the people you love too. Get professional help to be able to handle all the new demands you have not known or thought of until you won. Get all your ducks in a row before you claim your prize.
I'm sure this moment will never end. Your name will instantly become a household name as soon as you are found out. People will always remember you no matter where you go, until you die. The news will keep tabs on you, and give regular updates, at least, whenever they are talking about billionaires. I'm not sure how you prepare for a moment like this but try your best. Get professional help and not from anyone you know. Don't promise anything to anyone yet. Good luck to all and have fun. I do hope it is a pleasant experience for everyone. Keep it safe and enjoyable.

THRIFTY's avatarTHRIFTY

Quote: Originally posted by LottoMetro on Jan 10, 2016

I had 2 tickets in this draw, any more than that and would have felt foolish.

Well, I will raise the limit to 10 for the next draw. And I am very confident that there will be one or more winners.

Cheers

HIGHER LOTTERY JACKPOTS=HIGHER LOTTERY SALES.

 

1-2-3-4-5 + 6 Green laughGreen laughGreen laugh

Raven62's avatarRaven62

Quote: Originally posted by Todd on Jan 10, 2016

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

Y2K revisited?

En ReVal

It is funny how 28 winners and none matched the PB number.  There were 3 here in Texas, different cities, all quick picks.  So, the game can produce multiple winners but slim chance it will duplicate 28 exact PB numbers.  I had a feeling for the #13, multiplied it and played it again, so I won $20.

En ReVal

Very nice note and I thank you!

rgse90

I think that this has gotten out of control. I believe that this is going to not only ruin someone but make them a target for the rest of their lives by people who are greedy and ignorant and willing to hurt them. The powerball was wrong for doing this and are going to be responsible for hurting people's lives rather than make them better. This is not the way to hold a lottery that is why Europe does it the way they do it. The chance for many people to win and become millionaires rather than one person. It cannot keep going on this way. Where is it going to end. 2, 3 4 billion. 

 

 

 

Sam

Gleno's avatarGleno

01/10/16

The excitement is  still growing!

With all those tickets being sold, find it hard to believe that no one had the winning numbers:

16-19-32-34-57- 13.

Next Drawing  on January 13.

Maybe there will be one, some, or many winners in lottery pools, for  this huge Jackpot.

There were many winners in locations throughout the state of NJ with those lesser but still great prizes, as reported by the Lottery Commission for

the January 6 drawing.

Coffee

Twin1975

Quote: Originally posted by deborahl on Jan 10, 2016

Do you think if their were one winner that they would be safe? Only everyone in America is after that jackpot. A lot of people are feeling pretty lucky and have ideas of how the jackpot should be spent. I'm sure with all the people spending so much money on the lottery, and walking away with nothing at the end, (but in debt) someone is bound to get angry and set out to take revenge. What do you think?
I pray anyone who is playing especially if they win will keep a level head and except how the luck had come to them or anyone else. I hope it is pleasant for everyone who is involved.
Be sure to get protection not only for you but all the people you love too. Get professional help to be able to handle all the new demands you have not known or thought of until you won. Get all your ducks in a row before you claim your prize.
I'm sure this moment will never end. Your name will instantly become a household name as soon as you are found out. People will always remember you no matter where you go, until you die. The news will keep tabs on you, and give regular updates, at least, whenever they are talking about billionaires. I'm not sure how you prepare for a moment like this but try your best. Get professional help and not from anyone you know. Don't promise anything to anyone yet. Good luck to all and have fun. I do hope it is a pleasant experience for everyone. Keep it safe and enjoyable.

AMEN deborahl!!! I totally agree. I pray to God that this remains a safe and pleasurable experience for ALL and that God puts a hedge of protection over the winner and her loved ones.

sirbrad's avatarsirbrad

Yeah with the new levels of greed I can already hear people saying in the future "No I don't play PB unless it is a billion dollars or more, it just a measly $600 million right now." Green laugh

music*'s avatarmusic*

Quote: Originally posted by Twin1975 on Jan 10, 2016

AMEN deborahl!!! I totally agree. I pray to God that this remains a safe and pleasurable experience for ALL and that God puts a hedge of protection over the winner and her loved ones.

I Agree! There will be a lot of prayers this Sunday, today. In churches you may hear,"Please, Please, Please Lord help me get the winning numbers for Wednesday's Power Ball!!!"

 I am concerned about a sole winner. At least, you have to be 18 years old to win it here in the States. Just ask Callie Rogers who lives in the UK how she did when she won two million pounds at the age of 16. Thank God she is married now with children and has turned her life around. 

 Good Luck to all LP Members and God Bless the United States of America. Plus the Virgin Islands and Puerto Rico and Washington D.C.!!!

sirbrad's avatarsirbrad

When has America or anywhere else ever been 100% "safe"? I think for the most part people are just very self-centered and paranoid. Those who have issues are in the minority, you only hear about them because they are extreme cases and that is what makes news. All of those who won big that have had no issues are considered "boring" and not newsworthy. Nothing will stop me from living my dream. You can't let your "perceived fear" of what you "think" might happen stop you. Most who had problems were idiots to begin with, winning the lottery only made it all worse. If needed that kind of money can buy you a lot of security in many ways. After awhile though it will all die down and no one will care anymore. Just like it did with all the others. Most can't even name a past winner except one of the extreme bad cases such as Jack Whitaker. But even the general public does not even know him.

Anyone who is that worried and thinks that they cannot handle it, and that the world will then be after them 24/7 for the rest of their lives should not even bother playing. No one is going to force me to go into hiding. If you can't take the heat stay out of the lottery kitchen and let us who are prepared to live out our dreams play and win it. Or build yourself a "lottery bunker" and hide in it for the rest of your life. Doesn't sound like much fun though. Most of the "bad people" you need to worry about are family and friends, not strangers. Most have enough problems to worry about in their own life than tracking down a lottery winner. You might get a few here and there but again they are in the minority. But if you are like Jack and taking hundreds of thousands of dollars to a strip club then you are only asking for trouble. But the smart ones stay quiet and keep to themselves and have no issues. That is why all those big past winners are no longer in the news. They are "boring" and that is how they like it. Build a gun shop and live in it lol. But I am pretty sure you will get bored after awhile.

Ron5995

Out of control indeed. Personally, I'm leery of playing in this drawing. It's not the amount of money itself that's the issue, but rather the crush of publicity of winning a "world record" jackpot. Seemingly every "friend", family member, etc will come out of the woodwork seeking "help", so-called investment advisers offering their "advice", fending off outright scammers, and dealing with frivolous lawsuits. And then there's security and privacy to contend with.

Personally, Mega Millions is looking to be the better play right now in regards to maintaining normalcy and has slightly better odds too. Winning MM $15 million ($9 million cash) jackpot likely won't even get a mention on the scrolling ticker at the bottom of news channels. Sure, local news media might run a small blurb, but that's about it.

hearsetrax's avatarhearsetrax

sirbrad's avatarsirbrad

I was hoping to be that MM winner for total anonymity lol. No one cares about that measly $165 million winner lol.

jacintasc

I'm shocked. At the rate people were buying tickets I thought there would be multiple winners for last night.

So I guess I finally get a chance to be Oprah's friend after all!

jacintasc

Quote: Originally posted by Ron5995 on Jan 10, 2016

Out of control indeed. Personally, I'm leery of playing in this drawing. It's not the amount of money itself that's the issue, but rather the crush of publicity of winning a "world record" jackpot. Seemingly every "friend", family member, etc will come out of the woodwork seeking "help", so-called investment advisers offering their "advice", fending off outright scammers, and dealing with frivolous lawsuits. And then there's security and privacy to contend with.

Personally, Mega Millions is looking to be the better play right now in regards to maintaining normalcy and has slightly better odds too. Winning MM $15 million ($9 million cash) jackpot likely won't even get a mention on the scrolling ticker at the bottom of news channels. Sure, local news media might run a small blurb, but that's about it.

Actually you are quite right. But its not just people in the USA you have to look out for , It's the total population of planet earth from other countries who will come after you!

Bleudog101

Quote: Originally posted by mightwin on Jan 10, 2016

I wonder what they're going to do on the billboards because they only have three digits, for the millions.... Lol

Not only three digits, but here it is numerical, not like they could put up 1.3B.

AbsolutelyFun

ΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛV

 

WinkPB odds went from 1 in 175,223,510

to 1 in 292,201,338

or 66% higher which is why the jackpot has gone to Pluto.←Patriot

 

ΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛVΛΛV

Bleudog101

Going to California's website with where the winning tickets were sold I see one was from that Primm lotto store.  WTG, probably someone from lottery free (stupid) Nevada.

jacintasc

Quote: Originally posted by Bleudog101 on Jan 10, 2016

Going to California's website with where the winning tickets were sold I see one was from that Primm lotto store.  WTG, probably someone from lottery free (stupid) Nevada.

how much did they win?

AbsolutelyFun

Quote: Originally posted by jacintasc on Jan 10, 2016

how much did they win?

Says $779,264

BFW577's avatarBFW577

584 milllion dollars and you could have bought every possible 1 in 292 million combinations and made a serious profit.

 

Surprised it didn't happen.

Bleudog101

Quote: Originally posted by jacintasc on Jan 10, 2016

how much did they win?

Just over $979K with that awful para-mutuel payout law they have; plus no Powerplay or Megaplier offered.

ThatScaryChick's avatarThatScaryChick

Quote: Originally posted by BFW577 on Jan 10, 2016

584 milllion dollars and you could have bought every possible 1 in 292 million combinations and made a serious profit.

 

Surprised it didn't happen.

It doesn't happen because of a number of reasons. For one, that is a lot of money to spend and yeah you would get your money back but filling out the slips would be too much work and there would never be enough time to print out all those combinations. You only have a few days between each drawing to purchase tickets.

AbsolutelyFun

Quote: Originally posted by BFW577 on Jan 10, 2016

584 milllion dollars and you could have bought every possible 1 in 292 million combinations and made a serious profit.

 

Surprised it didn't happen.

Assuming you have the money, how on earth do you buy every single combination and permutation?  I don't think you can order that from the 7-11 or any other place that sells Powerball tickets, right? 

 

I think it's funny to think that someone would fill out each of those papers where you color it in for your numbers for every combo and perm. That alone would take you forever. 

 

I'm thinking in theory yeah you're right but it's reality that counts.

BFW577's avatarBFW577

Quote: Originally posted by AbsolutelyFun on Jan 10, 2016

Assuming you have the money, how on earth do you buy every single combination and permutation?  I don't think you can order that from the 7-11 or any other place that sells Powerball tickets, right? 

 

I think it's funny to think that someone would fill out each of those papers where you color it in for your numbers for every combo and perm. That alone would take you forever. 

 

I'm thinking in theory yeah you're right but it's reality that counts.

Its happened before. With today's technology it could happen.

 

Group Invests $5 Million To Hedge Bets in Lottery

Published: February 25, 1992

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RICHMOND, Feb. 24— There is a dream common among regular lottery players: to wait until the jackpot reaches an astronomical sum and then to buy every possible number, guaranteeing a winner.

Sure, it would cost millions of dollars. But the payoff would be much richer.

In Virginia this month, one investment group came tantalizingly close to cornering the market on all possible combinations of six numbers from 1 to 44. State lottery officials say that the group bought tickets for 5 million of a possible 7 million combinations, at $1 each, in a lottery with a $27 million jackpot. Only a lack of time prevented the group from buying tickets for the remaining 2 million combinations.

 

http://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html?pagewanted=all

ThatScaryChick's avatarThatScaryChick

Quote: Originally posted by BFW577 on Jan 10, 2016

Its happened before. With today's technology it could happen.

 

Group Invests $5 Million To Hedge Bets in Lottery

Published: February 25, 1992

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RICHMOND, Feb. 24— There is a dream common among regular lottery players: to wait until the jackpot reaches an astronomical sum and then to buy every possible number, guaranteeing a winner.

Sure, it would cost millions of dollars. But the payoff would be much richer.

In Virginia this month, one investment group came tantalizingly close to cornering the market on all possible combinations of six numbers from 1 to 44. State lottery officials say that the group bought tickets for 5 million of a possible 7 million combinations, at $1 each, in a lottery with a $27 million jackpot. Only a lack of time prevented the group from buying tickets for the remaining 2 million combinations.

 

http://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html?pagewanted=all

Yes, but they didn't even have the time to print out the whole 7 million tickets. Powerball has 292.2 million possible combinations. That's a big difference.

"Only a lack of time prevented the group from buying tickets for the remaining 2 million combinations."

sirbrad's avatarsirbrad

Quote: Originally posted by BFW577 on Jan 10, 2016

584 milllion dollars and you could have bought every possible 1 in 292 million combinations and made a serious profit.

 

Surprised it didn't happen.

Anyone who has that kind of money would not spend that much on the lottery, they would be an idiot if they did. They would be rich already and not have to. Also hindsight is 20/20 how do they know there will not be multiple winners? If there was they would lose a lot of money. It is easy to say AFTER the drawing took place and there were no winners. I highly doubt anyone with that kind of money would blow it all on the PB hoping to be the sole winner as if you had that much money you would not need to. It would be very stupid to risk that kind of money. That is why you don't see billionaires doing it. Low income people are the people who play most. Also do you have any idea how long it would take to print out that many tickets for one person? A LOOOOONG time. Not to mention filling out all those tickets, you better have A LOT of elves working 24 hours a day between drawings and I doubt you would ever get them all played.

It would also look pretty silly at the store and you would need a bunch of boxes and a big truck to carry all those tickets, and angry people waiting in line being like WTF....I waited on an old lady playing a few hundred tickets and seemed like it took an eternity, imagine 292 million tickets. Not to mention how long it would take to look at 292 million tickets then. Are you REALLY that surprised it didn't happen??

MercifulLove

That is a lot of money. But question, why do all the news outlets keep saying whoever wins will win a billion or so dollars when they're really not? I mean I could see if this was another country where lottery winnings aren't taxed, but here in the good ol US they take almost half. Does anyone know how much the approx take home really would be based on where the cash option is now?

AbsolutelyFun

Quote: Originally posted by BFW577 on Jan 10, 2016

Its happened before. With today's technology it could happen.

 

Group Invests $5 Million To Hedge Bets in Lottery

Published: February 25, 1992

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  • Share
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RICHMOND, Feb. 24— There is a dream common among regular lottery players: to wait until the jackpot reaches an astronomical sum and then to buy every possible number, guaranteeing a winner.

Sure, it would cost millions of dollars. But the payoff would be much richer.

In Virginia this month, one investment group came tantalizingly close to cornering the market on all possible combinations of six numbers from 1 to 44. State lottery officials say that the group bought tickets for 5 million of a possible 7 million combinations, at $1 each, in a lottery with a $27 million jackpot. Only a lack of time prevented the group from buying tickets for the remaining 2 million combinations.

 

http://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html?pagewanted=all

The key phrase is "could happen" but it didn't as the odds worked against them although they definitely had a good chance.  I just wonder how the heck on earth do you fill out all those lottery entry forms.?  Then the clerk has to scan the lottery entry into the machine then issue you your ticket then repeat process over and over and over and over and over until time runs out. The first thing would be to play a game where they only do the drawing once a week so that gives you a solid week to fill out your lottery entries.  But then you would need a store that sells the particular lottery game's tickets 24 hours a day.  I recall buying Powerball tickets in Arizona and they only sold them only during certain hours of the day though things may have changed since then.  I guess you could fill out all those lottery entries using a machine but I thought that is not allowed under lottery rules?  I thought that was illegal but I could be wrong.  Assuming you could fill out the lottery entries using a machine then yeah I think you could fill out all of the millions of entries. By hand, I don't see that happening but then again if you have enough people and a week then maybe. Let's not forget having the millions of dollars to play in the first place.

sirbrad's avatarsirbrad

Quote: Originally posted by MercifulLove on Jan 10, 2016

That is a lot of money. But question, why do all the news outlets keep saying whoever wins will win a billion or so dollars when they're really not? I mean I could see if this was another country where lottery winnings aren't taxed, but here in the good ol US they take almost half. Does anyone know how much the approx take home really would be based on where the cash option is now?

It is almost a billion for the annuity after taxes. Every state has different taxes and some states don't tax the lottery such as mine which is PA and $975,000,002 AFTER taxes. They advertise the amount before taxes because that is the amount they pay before taxes come in and take their cut.

sirbrad's avatarsirbrad

Quote: Originally posted by AbsolutelyFun on Jan 10, 2016

The key phrase is "could happen" but it didn't as the odds worked against them although they definitely had a good chance.  I just wonder how the heck on earth do you fill out all those lottery entry forms.?  Then the clerk has to scan the lottery entry into the machine then issue you your ticket then repeat process over and over and over and over and over until time runs out. The first thing would be to play a game where they only do the drawing once a week so that gives you a solid week to fill out your lottery entries.  But then you would need a store that sells the particular lottery game's tickets 24 hours a day.  I recall buying Powerball tickets in Arizona and they only sold them only during certain hours of the day though things may have changed since then.  I guess you could fill out all those lottery entries using a machine but I thought that is not allowed under lottery rules?  I thought that was illegal but I could be wrong.  Assuming you could fill out the lottery entries using a machine then yeah I think you could fill out all of the millions of entries. By hand, I don't see that happening but then again if you have enough people and a week then maybe. Let's not forget having the millions of dollars to play in the first place.

Yeah, and a lot of times the machine will not take the slip and spits it back out. Sometimes one slip can take 5 minutes. Can you imagine one clerk doing that all day with millions of bet slips? What about when the store closes, you would have to come back every day all day and you probably still would not make it. The thought of doing it is ludicrous on so many levels lol. Imagine your eyes after checking 292 million tickets lol. You would be seeing numbers in your head for months.

sully16's avatarsully16

My sister in law is a bank teller, many cash advances on Friday....now what will these people do?

Bleudog101

Quote: Originally posted by MercifulLove on Jan 10, 2016

That is a lot of money. But question, why do all the news outlets keep saying whoever wins will win a billion or so dollars when they're really not? I mean I could see if this was another country where lottery winnings aren't taxed, but here in the good ol US they take almost half. Does anyone know how much the approx take home really would be based on where the cash option is now?

Lottery guru says go to usamega.com and follow to Powerball or Mega Millions and it has the tax breakdowns for the different states.

Ron5995

Around $500 million, after taking cash option and Federal tax, in Pennsylvania and other states / jurisdictions that don't also tax lottery winnings.

However, most states do tax winnings, such as New York, plus additional local taxes too for those in New York City. So the final amount can vary much as 20% depending on where one resides.

ThatScaryChick's avatarThatScaryChick

Quote: Originally posted by sully16 on Jan 10, 2016

My sister in law is a bank teller, many cash advances on Friday....now what will these people do?

Try to get another cash advance for the next drawing?  Crazy

I only plan on buying 5 lines and calling it a day.

MaximumMillions

I, too, went to bed before the drawing to keep dreaming. I was seriously thinking it would have been won. oh well chubby Hawaiian man, you can still do it! LOL

I just hope thelotter goes online again some point i the next 3 days.

Otherwise I'll be here asking for someone to buy and send me a ticket, preferably from an anon state, reimbursed through PayPal and good Karma.Green laugh

sully16's avatarsully16

Quote: Originally posted by ThatScaryChick on Jan 10, 2016

Try to get another cash advance for the next drawing?  Crazy

I only plan on buying 5 lines and calling it a day.

I had 20, but that cut into my 3 digit money....if I hit on the 3 digit I'll do the same.

sirbrad's avatarsirbrad

It would take many days if not weeks to fill out that many bet slips, maybe months unless you had a lot of people doing it. Then it would take days to play them all even with a huge team playing them all over. Then you will have to split it with all those people unless they like working like fools for practically nothing to help you win a billion dollars which I doubt they would. So in the end it is just not worth. You would need like $60 million bet slips to play 5 rows lol. Good luck with that. Then if there are 5 winners you are REALLY screwed. If I had $600 millions or more already I would not even be thinking about spending that on the PB except maybe a few hundred dollars.

Ron5995

Quote: Originally posted by Bleudog101 on Jan 10, 2016

Lottery guru says go to usamega.com and follow to Powerball or Mega Millions and it has the tax breakdowns for the different states.

It shows the approx payout at time of winning, but doesn't take into account the additional 14%+ a winner will likely owe the IRS. Lottery winnings is generally taxed as income. Currently, the highest tax bracket is 39.6%, which is what a jackpot winner would near certainly need to pay unless they utilize various accounting maneuvers that may reduce that.

Yes, at the bottom of that page, this is explained, but not shown in the numbers, which is unfortunate leading one to believe the tax burden is far less than it really is. For example, in PA, the actual tax burden could be upwards of $100 million more leaving the winner, not with $600+ million, but rather a tad under $500 million when all is done.

sirbrad's avatarsirbrad

$500 million or a billion is all the same to me I could care less. I would never spend it all anyway, and I could make most of it back with interest if I wanted to. However we are talking annuity value which pays around a billion over 30 years not the cash option. You could take the annuity and not have to worry about investing all that cash or where you are going to put it all, and you will have huge checks every year. I would be set after one year for life, the rest would be all gravy. Look at those numbers. Crazy! Or you could risk taking it all and investing. Also the jackpot is usually more than the amount shown once won.

 

State:

Pennsylvania

Drawing Date:  Wed, Jan 13, 2016
Jackpot: $1,300,000,000
Federal Tax:  25%
State Tax: No state tax on lottery prizes
Report: Powerball annuity payout schedule (30 annual payments)

 

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $19,566,866 $4,891,716 $0 $14,675,149
2 $20,545,209 $5,136,302 $0 $15,408,907
3 $21,572,469 $5,393,117 $0 $16,179,352
4 $22,651,093 $5,662,773 $0 $16,988,320
5 $23,783,647 $5,945,912 $0 $17,837,735
6 $24,972,830 $6,243,207 $0 $18,729,622
7 $26,221,472 $6,555,368 $0 $19,666,104
8 $27,532,545 $6,883,136 $0 $20,649,409
9 $28,909,173 $7,227,293 $0 $21,681,879
10 $30,354,631 $7,588,658 $0 $22,765,973
11 $31,872,363 $7,968,091 $0 $23,904,272
12 $33,465,981 $8,366,495 $0 $25,099,485
13 $35,139,280 $8,784,820 $0 $26,354,460
14 $36,896,244 $9,224,061 $0 $27,672,183
15 $38,741,056 $9,685,264 $0 $29,055,792
16 $40,678,109 $10,169,527 $0 $30,508,582
17 $42,712,014 $10,678,003 $0 $32,034,010
18 $44,847,615 $11,211,904 $0 $33,635,711
19 $47,089,995 $11,772,499 $0 $35,317,496
20 $49,444,495 $12,361,124 $0 $37,083,371
21 $51,916,719 $12,979,180 $0 $38,937,540
22 $54,512,556 $13,628,139 $0 $40,884,417
23 $57,238,184 $14,309,546 $0 $42,928,638
24 $60,100,092 $15,025,023 $0 $45,075,069
25 $63,105,097 $15,776,274 $0 $47,328,822
26 $66,260,353 $16,565,088 $0 $49,695,264
27 $69,573,370 $17,393,343 $0 $52,180,028
28 $73,052,038 $18,263,009 $0 $54,789,028
29 $76,704,640 $19,176,160 $0 $57,528,480
30 $80,539,872 $20,134,968 $0 $60,404,904
Total $1,300,000,003 $325,000,001 $0 $975,000,002
poor person

something stinks

 

 did anyone see the ball picker for powerball ?  iT comes up from below   the ball doesn't get knocked off by other balls hitting it which tells me it is on a vacuum then The vacuum stick disappears below the bouncing balls (completely out of site)  with the money they have at there disposal how hard would it be to pull a magic trick.  not hard at all and they made it obvious.  to add insult to injury it is computer based what this means it gets the numbers first from quick picks, aunt patty's birthday numbers etc. Then with this obvious cheat machine can get the jack pot high to sucker in me:-( the saddest part is it can make sure in a nano second only one winner wins if it likes or the puppet master likes. a computer is a god among men! ran by a man.

but ya I am playing! the only chance for humanity

deborahl's avatardeborahl

Quote: Originally posted by sirbrad on Jan 10, 2016

When has America or anywhere else ever been 100% "safe"? I think for the most part people are just very self-centered and paranoid. Those who have issues are in the minority, you only hear about them because they are extreme cases and that is what makes news. All of those who won big that have had no issues are considered "boring" and not newsworthy. Nothing will stop me from living my dream. You can't let your "perceived fear" of what you "think" might happen stop you. Most who had problems were idiots to begin with, winning the lottery only made it all worse. If needed that kind of money can buy you a lot of security in many ways. After awhile though it will all die down and no one will care anymore. Just like it did with all the others. Most can't even name a past winner except one of the extreme bad cases such as Jack Whitaker. But even the general public does not even know him.

Anyone who is that worried and thinks that they cannot handle it, and that the world will then be after them 24/7 for the rest of their lives should not even bother playing. No one is going to force me to go into hiding. If you can't take the heat stay out of the lottery kitchen and let us who are prepared to live out our dreams play and win it. Or build yourself a "lottery bunker" and hide in it for the rest of your life. Doesn't sound like much fun though. Most of the "bad people" you need to worry about are family and friends, not strangers. Most have enough problems to worry about in their own life than tracking down a lottery winner. You might get a few here and there but again they are in the minority. But if you are like Jack and taking hundreds of thousands of dollars to a strip club then you are only asking for trouble. But the smart ones stay quiet and keep to themselves and have no issues. That is why all those big past winners are no longer in the news. They are "boring" and that is how they like it. Build a gun shop and live in it lol. But I am pretty sure you will get bored after awhile.

When has America or anywhere else ever been 100% "safe"? I think for the most part people are just very self-centered and paranoid. Those who have issues are in the minority, you only hear about them because they are extreme cases and that is what makes news. All of those who won big that have had no issues are considered "boring" and not newsworthy. Nothing will stop me from living my dream. You can't let your "perceived fear" of what you "think" might happen stop you....Anyone who is that worried and thinks that they cannot handle it, and that the world will then be after them 24/7 for the rest of their lives should not even bother playing. No one is going to force me to go into hiding. If you can't take the heat stay out of the lottery kitchen and let us who are prepared to live out our dreams play and win it. Or build yourself a "lottery bunker" and hide in it for the rest of your life. Doesn't sound like much fun though.
I may be wrong but are you saying that people shouldn't play just because they don't understand something?
My statement wasn't because I'm afraid. It is because some people don't comprehend the seriousness of the situation and will carelessly run around without thought of evil minds around them, be that family, friends, workers, or strangers. People have killed for a lot less. If your not aware then you cannot see the importance of protecting yourself. I mention it so hopefully a winner (maybe even a friend or family member) will come to this site and read this and think of something they may have not have thought of before. Perhaps it may make them a little more cautious. It may save a life or even change a life.
Are you one that would just go spend money carelessly, not aware of how desperate some people get especially if they precieve something bad has happened to them, and then they think it is because of you, "the lottery winner?"
Beware! Sometimes no matter how many warnings a person is given, they still don't realize or prepare for the dangers that are around them. Heck sometimes people just completely deny the issues or ignore them until it is painfully in their face. Some people feel as though they are invincible even though in reality they are less invincible because they missed a tiny (or major) detail.
Hey I say, spread the word! Help educate everyone who might not think things all the way through. After all your best thinking misinterpreted my message and you thought you were so right. Is it so far fetched to think someone might be so wildly excited about winning the lottery that they can't think straight enough to stay safe and even extend that safety to family and friends before it is too late?

AbsolutelyFun

Quote: Originally posted by MercifulLove on Jan 10, 2016

That is a lot of money. But question, why do all the news outlets keep saying whoever wins will win a billion or so dollars when they're really not? I mean I could see if this was another country where lottery winnings aren't taxed, but here in the good ol US they take almost half. Does anyone know how much the approx take home really would be based on where the cash option is now?

You want to know the approximate amount you will take home based on the Cash Option now (just want to make sure we're on the same page)

 

First of all, you don't know if you are going to be the ONLY winner. With large jackpots (and sometimes but rarely smaller jackpots) there are multiple winners.  A good example would be Marie Holmes who was one of three winners of a jackpot over $500 million.

 

Next, you haven't provided enough information to get an the approximate amount you asked for.  Do you live in a state that has no lottery tax?  Some states tax you on your lottery winnings and others don't.  It varies from Zero to a state like New York where it's 8.82% (that's getting close to 10% of your Cash Option) Look at the left side of this webpage.  Look for USA MEGA, click on that then look at the bottom left under Powerball and click on Jackpot Analysis then scroll down to see what your tax rate is for your state.

 

Next you gotta pay Uncle Sam his due. 39.6% is his take. That's 39.6% of your Cash Option. Yeah it can be reduced somewhat but that all depends on whether you get help from your CPA who knows what you can and cannot do to reduce that amount. The lottery will automatically take out 25% BEFORE they transfer your money to your bank. You are responsible to pay Uncle Sam the remaining taxes due.  When you go to USA MEGA and look at the Jackpot Analysis for the Wednesday's drawing you will see that they figure out how much you will get based on taking out the 25%. Therefore that number you will get is incorrect.  You will end up with less.

 

The current Cash Option is $806 Million.  Assuming you are the only one who wins, do the math and you will see that you will walk with roughly half of that assuming you are the sole winner.  Makes sense because if you add 39.6 plus 8.82 you get almost 50%.  If you live in a state with no taxes then good for you!   $806M less 39.6% is $486.82M  For example: $806M times 8.82% is substantial, just over $71 million that goes to New York State. Use a spreadsheet program if you want to mess around with the numbers and do "What If" scenarios. 

Ron5995

Federal tax rate isn't 25%, but rather much as 39.6%. Depending on what account maneuvers the winner is able to take, the actual amount could be low as $800 million or so. Still a bundle of money, but $800 million paid over 30 years isn't overly compelling when compared to $500 million after tax lump-sum.

The main advantage of an annuity is reducing tax liability, but when the numbers are as large as those you posted, it makes no meaningful difference. Many feel it's best to take all the cash now than hoping inflation stays under control and tax rates don't change. And it's not just Federal rates one has to be concerned about, but also state and local taxes, which can change / be added. For example, for a brief time, New Hampshire enacted a 10% surtax on lottery winnings, which also applied to past winnings being paid out in annuities.

In short, the reward verses risk isn't worth it these days for annuity, and is why most large jackpot winners opt for the cash option straight away.

sookie's avatarsookie

I had an email at 4am from my mom saying I want a Powerball with you. Aww :).  So I'll be buying some with her. I think everyone knows I play every week

AbsolutelyFun

Quote: Originally posted by sirbrad on Jan 10, 2016

$500 million or a billion is all the same to me I could care less. I would never spend it all anyway, and I could make most of it back with interest if I wanted to. However we are talking annuity value which pays around a billion over 30 years not the cash option. You could take the annuity and not have to worry about investing all that cash or where you are going to put it all, and you will have huge checks every year. I would be set after one year for life, the rest would be all gravy. Look at those numbers. Crazy! Or you could risk taking it all and investing. Also the jackpot is usually more than the amount shown once won.

 

State:

Pennsylvania

Drawing Date:  Wed, Jan 13, 2016
Jackpot: $1,300,000,000
Federal Tax:  25%
State Tax: No state tax on lottery prizes
Report: Powerball annuity payout schedule (30 annual payments)

 

Year Gross Payment Federal Taxes State Taxes Net Payment
1 $19,566,866 $4,891,716 $0 $14,675,149
2 $20,545,209 $5,136,302 $0 $15,408,907
3 $21,572,469 $5,393,117 $0 $16,179,352
4 $22,651,093 $5,662,773 $0 $16,988,320
5 $23,783,647 $5,945,912 $0 $17,837,735
6 $24,972,830 $6,243,207 $0 $18,729,622
7 $26,221,472 $6,555,368 $0 $19,666,104
8 $27,532,545 $6,883,136 $0 $20,649,409
9 $28,909,173 $7,227,293 $0 $21,681,879
10 $30,354,631 $7,588,658 $0 $22,765,973
11 $31,872,363 $7,968,091 $0 $23,904,272
12 $33,465,981 $8,366,495 $0 $25,099,485
13 $35,139,280 $8,784,820 $0 $26,354,460
14 $36,896,244 $9,224,061 $0 $27,672,183
15 $38,741,056 $9,685,264 $0 $29,055,792
16 $40,678,109 $10,169,527 $0 $30,508,582
17 $42,712,014 $10,678,003 $0 $32,034,010
18 $44,847,615 $11,211,904 $0 $33,635,711
19 $47,089,995 $11,772,499 $0 $35,317,496
20 $49,444,495 $12,361,124 $0 $37,083,371
21 $51,916,719 $12,979,180 $0 $38,937,540
22 $54,512,556 $13,628,139 $0 $40,884,417
23 $57,238,184 $14,309,546 $0 $42,928,638
24 $60,100,092 $15,025,023 $0 $45,075,069
25 $63,105,097 $15,776,274 $0 $47,328,822
26 $66,260,353 $16,565,088 $0 $49,695,264
27 $69,573,370 $17,393,343 $0 $52,180,028
28 $73,052,038 $18,263,009 $0 $54,789,028
29 $76,704,640 $19,176,160 $0 $57,528,480
30 $80,539,872 $20,134,968 $0 $60,404,904
Total $1,300,000,003 $325,000,001 $0 $975,000,002

When will people learn that the Federal Tax is NOT 25% when you're dealing with these large amounts.  sirbrad you gotta give Uncle Sam 39.6% but you could get that reduced somewhat assuming a number of things that your CPA (which you will easily be able to afford and you will most certainly need) can probably save you some percentage points but every person's situation varies.  So you may want to change your matrix of payouts to 39.6% rather than 25% because you will NOT receive 14.6% of what you think you will.  With huge numbers like that 14.6% becomes pretty significant.

AbsolutelyFun

Quote: Originally posted by Ron5995 on Jan 10, 2016

Federal tax rate isn't 25%, but rather much as 39.6%. Depending on what account maneuvers the winner is able to take, the actual amount could be low as $800 million or so. Still a bundle of money, but $800 million paid over 30 years isn't overly compelling when compared to $500 million after tax lump-sum.

The main advantage of an annuity is reducing tax liability, but when the numbers are as large as those you posted, it makes no meaningful difference. Many feel it's best to take all the cash now than hoping inflation stays under control and tax rates don't change. And it's not just Federal rates one has to be concerned about, but also state and local taxes, which can change / be added. For example, for a brief time, New Hampshire enacted a 10% surtax on lottery winnings, which also applied to past winnings being paid out in annuities.

In short, the reward verses risk isn't worth it these days for annuity, and is why most large jackpot winners opt for the cash option straight away.

Yes Ron5995, you are right on the money!  Thanks for pointing that out to those out there who are assuming incorrectly.  I'd hate to see someone win and then end up regretting making the wrong choice.

Guru101's avatarGuru101

Looks I'm looking at $459,420,000 after taxes on Wednesday!Big Grin

sirbrad's avatarsirbrad

Quote: Originally posted by deborahl on Jan 10, 2016

When has America or anywhere else ever been 100% "safe"? I think for the most part people are just very self-centered and paranoid. Those who have issues are in the minority, you only hear about them because they are extreme cases and that is what makes news. All of those who won big that have had no issues are considered "boring" and not newsworthy. Nothing will stop me from living my dream. You can't let your "perceived fear" of what you "think" might happen stop you....Anyone who is that worried and thinks that they cannot handle it, and that the world will then be after them 24/7 for the rest of their lives should not even bother playing. No one is going to force me to go into hiding. If you can't take the heat stay out of the lottery kitchen and let us who are prepared to live out our dreams play and win it. Or build yourself a "lottery bunker" and hide in it for the rest of your life. Doesn't sound like much fun though.
I may be wrong but are you saying that people shouldn't play just because they don't understand something?
My statement wasn't because I'm afraid. It is because some people don't comprehend the seriousness of the situation and will carelessly run around without thought of evil minds around them, be that family, friends, workers, or strangers. People have killed for a lot less. If your not aware then you cannot see the importance of protecting yourself. I mention it so hopefully a winner (maybe even a friend or family member) will come to this site and read this and think of something they may have not have thought of before. Perhaps it may make them a little more cautious. It may save a life or even change a life.
Are you one that would just go spend money carelessly, not aware of how desperate some people get especially if they precieve something bad has happened to them, and then they think it is because of you, "the lottery winner?"
Beware! Sometimes no matter how many warnings a person is given, they still don't realize or prepare for the dangers that are around them. Heck sometimes people just completely deny the issues or ignore them until it is painfully in their face. Some people feel as though they are invincible even though in reality they are less invincible because they missed a tiny (or major) detail.
Hey I say, spread the word! Help educate everyone who might not think things all the way through. After all your best thinking misinterpreted my message and you thought you were so right. Is it so far fetched to think someone might be so wildly excited about winning the lottery that they can't think straight enough to stay safe and even extend that safety to family and friends before it is too late?

I am saying I have been well prepared for a long time, and even for those not well prepared the odds are slim that someone is going to come after them. There are far more successful stories and non-issues than there are destructive ones, the media only glorifies the bad ones. Most of those had problems long before the lottery. I also have never heard of anyone coming after a lottery winner from another country. The reality is that people on here think and worry about all stuff more than average people out there do. This site is hardcore lottery players, most are casual players. The people on here seen it all and focus on the bad stories when most people out there are not even aware of any of it. They move on with their lives and forget about it after a week. It is good to be prepared but it is stupid to become obsessed and over-paranoid and let it ruin your life. As I said you may as well not even play then if you are worried that every bad person will come out of the woodwork after you. Unless you are complete idiot who flaunts it every where they go chances are you will be fine. The world is not going to stop and hunt you down because you won the lottery. Not most of the time anyway if you are at least somewhat intelligent and know how to handle it.

sirbrad's avatarsirbrad

Quote: Originally posted by AbsolutelyFun on Jan 10, 2016

You want to know the approximate amount you will take home based on the Cash Option now (just want to make sure we're on the same page)

 

First of all, you don't know if you are going to be the ONLY winner. With large jackpots (and sometimes but rarely smaller jackpots) there are multiple winners.  A good example would be Marie Holmes who was one of three winners of a jackpot over $500 million.

 

Next, you haven't provided enough information to get an the approximate amount you asked for.  Do you live in a state that has no lottery tax?  Some states tax you on your lottery winnings and others don't.  It varies from Zero to a state like New York where it's 8.82% (that's getting close to 10% of your Cash Option) Look at the left side of this webpage.  Look for USA MEGA, click on that then look at the bottom left under Powerball and click on Jackpot Analysis then scroll down to see what your tax rate is for your state.

 

Next you gotta pay Uncle Sam his due. 39.6% is his take. That's 39.6% of your Cash Option. Yeah it can be reduced somewhat but that all depends on whether you get help from your CPA who knows what you can and cannot do to reduce that amount. The lottery will automatically take out 25% BEFORE they transfer your money to your bank. You are responsible to pay Uncle Sam the remaining taxes due.  When you go to USA MEGA and look at the Jackpot Analysis for the Wednesday's drawing you will see that they figure out how much you will get based on taking out the 25%. Therefore that number you will get is incorrect.  You will end up with less.

 

The current Cash Option is $806 Million.  Assuming you are the only one who wins, do the math and you will see that you will walk with roughly half of that assuming you are the sole winner.  Makes sense because if you add 39.6 plus 8.82 you get almost 50%.  If you live in a state with no taxes then good for you!   $806M less 39.6% is $486.82M  For example: $806M times 8.82% is substantial, just over $71 million that goes to New York State. Use a spreadsheet program if you want to mess around with the numbers and do "What If" scenarios. 

Uncle Sam is the biggest crook in history, every time someone wins and beats the odds he steals 36% and didn't even have to pay a dime to play. I would love to see his bank account balance. I am guessing a few warehouses of double stacked pallets like this? (Trillion dollars) LOL

 

Erzulieredeyes's avatarErzulieredeyes

Quote: Originally posted by VenomV12 on Jan 10, 2016

Now you are really going to see ticket sales explode. Going to be at least $1.5 billion by drawing.

Wouldn't be surprised if it reaches 2 billion by Wednesday. I'm ready for this hit already, lost all $60 no return at all...lol Now I'm only playing $20 unless it gets over $1.8 or 2 B then I'll fork down $100

AbsolutelyFun

Quote: Originally posted by sirbrad on Jan 10, 2016

Uncle Sam is the biggest crook in history, every time someone wins and beats the odds he steals 36% and didn't even have to pay a dime to play. I would love to see his bank account balance. I am guessing a few warehouses of double stacked pallets like this? (Trillion dollars) LOL

 

That is the beauty of living in the USA, you have to put up with Uncle Sam!  For the most part living anywhere else is unthinkable. Do you have any idea how many people would give their left arm to live here? So many people want to live in the USA it's not even funny. Why? Because we have the lottery of course.....but really it's because our country is a free country compared to the crappy countries some people live in.  I have spoken to many people from all around the world and a lot of them would prefer to live here granted there are a lot of Europeans who think their country is the best in the world and it is if you don't mind the cold weather.  Yeah the Europeans have some things going for them and in fact I was reading that London is supposedly the number one country to live in.  Yeah that's way too cold for me. I like where I am and I like that although we get killed on taxes to some degree we still live in one of the greatest countries on the planet if not the best country.  When I compare the good to the bad the good far outweighs the bad. So hey every one is entitled to their opinion but if you feel that Uncle Sam is a crook that's cool with me. By the way, you gonna need a number of bank safes for all that money.

mamamary517's avatarmamamary517

Thanks Todd for being there for us last night,  Lottery Post was the only site I was able to log onto to get the PB numbers.  I will have to try again though for Wednesdays drawing.  May the lucky winner be me or a family member!

BuyLow's avatarBuyLow

HOLY SH$T!!!!!!!!

jjtheprince

Everyone is cursed with "can't win"! LOL

MADDOG10's avatarMADDOG10

Quote: Originally posted by Todd on Jan 10, 2016

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

Oh MY, Heh,heh,heh.

GiveFive's avatarGiveFive

Yesterday someone told me that 65% of all the 292 million possible combinations had been sold. (I've no idea if that's accurate or not)

If it's true, that says that 35% of them were unsold.  Therefore last nites's combo came from the 35% of combinations that were not sold. 

Two things come to my mind;  Can they/will they sell more than 65% of the possible combo's for next Wednesday nights drawing, and with a 65% chance of a combo that was sold being drawn, I doubt the jackpot will not be won next Wednesday.  G5

C0w Pi3

Hopefully someone who wins this and if there is a sole winner is in a state that they can stay anonymous.

NoCompLotto!

Quote: Originally posted by poor person on Jan 10, 2016

something stinks

 

 did anyone see the ball picker for powerball ?  iT comes up from below   the ball doesn't get knocked off by other balls hitting it which tells me it is on a vacuum then The vacuum stick disappears below the bouncing balls (completely out of site)  with the money they have at there disposal how hard would it be to pull a magic trick.  not hard at all and they made it obvious.  to add insult to injury it is computer based what this means it gets the numbers first from quick picks, aunt patty's birthday numbers etc. Then with this obvious cheat machine can get the jack pot high to sucker in me:-( the saddest part is it can make sure in a nano second only one winner wins if it likes or the puppet master likes. a computer is a god among men! ran by a man.

but ya I am playing! the only chance for humanity

If you had any idea how the Halogen machine works, you would see that your post is obviously flawed. To start, the balls are mixed by a turntable at the bottom of the machine. The shaft does not contain a vacuum inside it - it has an opening the size of one ball. As soon as the shaft goes down, gravity pulls one, and only one, ball into the shaft. The shaft rises and extracts the ball from the machine by a small stick inside the machine. This process is repeated 5 times. Not even computers can control gravity.

Please understand physics before posting such baloney.

One-Day

I know the disadvantages of the annuity but most lottery winners should choose it or lose it.  Unless you are a financial adviser or have your ducks in a row in the financial area, annuity should be your only option.  Doesn't matter if you are 90 years old and you claim the annuity.  Hell are you going to do with $400 million dallas tomorrow!  Most likely make bad investments, be paranoid and stressed about it (like Jay Z beyonce's husband), choose the wrong financial planner/adviser/lawyers, etc. etc. and dig yourself an early grave.  $14,000,000+ for your first payment is a lot of dough!  With the annuity your kids can claim the other payments for the next 29 years if you died next week.  Yeah, and it is a good thing they don't get to pocket your large lump sum after you die or most likely they'll blow it all quick.

Goteki54's avatarGoteki54

OK, I guess I have to get serious now and win this thing.Big Grin

dpoly1's avatardpoly1

Holy Moly Guacamole!

Dance

travelintrucker's avatartravelintrucker

I went to sleep before the draw and just woke up. I CAN'T BELIEVE IT ROLLED!!!! My thread "Are you ready for the attention?" has just become reality!

Drenick1's avatarDrenick1

Quote: Originally posted by AbsolutelyFun on Jan 10, 2016

Want to take home One Billion dollars cash? The Cash Option sans taxes. (no, not the Annuity)

Well first you need to make the following assumptions:

You must pay 39.6% to the IRS as Federal Tax

You must pay taxes in your individual state if applicable. Lets go with the highest in the country according to LP which is 8.82% so we will calculate by that (thanks New York)

And lastly we will assume the most recent Cash Option percentage which is $806 million divided by the jackpot $1.3 Billion which is 62%.

You would need the jackpot to rollover to $3,126,993,459 and of course be the sole winner.

Your Cash Option would be $1,938,735,945 (the 62%)

and you will pay $767,739,434 in Federal Taxes and (the 39.6%)

assuming you're in New York you will pay the State of New York, $170,996,510 (the 8.82%)

leaving you the nice chunk of change of $1,000,000,000 also known as One Billion Dollars......Crazy mind boggling.

Thank you for detailing the scenario on how to net a billion dollars through the lottery. I had mentioned a condensed version on a different thread.

travelintrucker's avatartravelintrucker

That's why they say Play Responsibly. $2 is just a cheese burger.

Bleudog101

Woke up @ midnight, called the Kentucky Lottery #'s line...'all circuits are busy'.  Tossed and turned and finally got through hours later.  Too cold in sunroom to fire up computer to 'read all about it'.  Just played it again as they say here same #'s, what the heck.

travelintrucker's avatartravelintrucker

Bill Gates is worth about $76 Bil.

jacintasc

Quote: Originally posted by travelintrucker on Jan 10, 2016

That's why they say Play Responsibly. $2 is just a cheese burger.

you are incorrect. At McDonald's you get 2 for $2.00Smile

Drenick1's avatarDrenick1

Quote: Originally posted by maximumfun on Jan 10, 2016

I got the following as "lottery advice" emailed me today from a friend:

If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

  1.  it will make it much harder for them to ask to borrow money from you &
  2.  it will tell you who your real friends are so you can share with those in the 2nd column.

I like that! Thanks for posting.

Tami333's avatarTami333

Quote: Originally posted by sirbrad on Jan 10, 2016

Those who matched all 5 and missed the PB be like. PukeLol.

You are right, I thought the same!!  Although they will be happy about $2M, some will be really reflecting on missing the jackpot. My sister never plays the lottery and thought she won thousands but "reflected" for days when she found out her 4 out of 5 numbers only paid a lousy $100, vs 5 out of 5 pays $2M. I told her "Welcome to my club when I miss my 3-digit tickets by one number." 

Bleudog101

Quote: Originally posted by Drenick1 on Jan 10, 2016

I like that! Thanks for posting.

Sounds like good advice.  My Sister, who is too darn cheap to play the lottery told myself and older Brother years ago 'When you win the lottery you HAVE to give me some'.  If she says that again I'll say the only thing I have to do is stay white and die.

Tami333's avatarTami333

Quote: Originally posted by maximumfun on Jan 10, 2016

I got the following as "lottery advice" emailed me today from a friend:

If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

  1.  it will make it much harder for them to ask to borrow money from you &
  2.  it will tell you who your real friends are so you can share with those in the 2nd column.

I Agree!  That is great advice!!!  Couldn't do it on my Family, they might wonder what's up, but it would be great to use on people you "think" are your Friends.  What a SUPER idea!!!

MzDuffleBaglady's avatarMzDuffleBaglady

Well, I won a total of $14.00,   spent $10.00 ,  Profit , $4.00.

 

Tha's all I"m playing back, since Missouri just had a $1 million dollar ticket sold.

But, Missouri is a top state for winning Powerball.

 

I"m in again.

 

Good Luck.

P.S. Last night's Powerball number (13) had not been drawn since, 2014!

travelintrucker's avatartravelintrucker

Uh, no. You're still responsible for the decisions you make in life. If you're too concerned about your future well being as a billionaire, then don't play.

Drenick1's avatarDrenick1

Quote: Originally posted by sully16 on Jan 10, 2016

My sister in law is a bank teller, many cash advances on Friday....now what will these people do?

For those who have exhausted their cash advance limit the pawn shop may be their next option. Very sad what a jackpot this size will demonize a previously sane individual to commit.

Nodda4me's avatarNodda4me

Quote: Originally posted by Drenick1 on Jan 10, 2016

For those who have exhausted their cash advance limit the pawn shop may be their next option. Very sad what a jackpot this size will demonize a previously sane individual to commit.

It'll  be ironic. The US economy... 80%  bankrupt due to a lottery jackpot size.

Spiritualist

1.3 Billion? 

Time for a short trip across the border.

travelintrucker's avatartravelintrucker

I sure hope people aren't cashing out their 401Ks and IRAs trying to win this HUGE jackpot!

MzDuffleBaglady's avatarMzDuffleBaglady

What else in this world would make majority spend $2.00-?????

 

Good Luck.

Nodda4me's avatarNodda4me

Quote: Originally posted by travelintrucker on Jan 10, 2016

I sure hope people aren't cashing out their 401Ks and IRAs trying to win this HUGE jackpot!

I put in $10 yesterday. I'll put $10 in for this one.

Bleudog101

Quote: Originally posted by Spiritualist on Jan 10, 2016

1.3 Billion? 

Time for a short trip across the border.

How does the tax liability apply to Canadians?  I understand no taxes are taken out of lottery win there, then again your country is way ahead of the USA in many ways, i.e. metric system, healthcare.  But not here to discuss politics, have a great trip across the border...where do you play?  New Hampshire or Maine???

AbsolutelyFun

Quote: Originally posted by maximumfun on Jan 10, 2016

I got the following as "lottery advice" emailed me today from a friend:

If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

  1.  it will make it much harder for them to ask to borrow money from you &
  2.  it will tell you who your real friends are so you can share with those in the 2nd column.

Wow that is the most awesome thing I've read on this website thus far besides recently that the JP was going to be $1.3Billion.

Thanks! Can't wait to make those phone calls. Hahahahahaha

MzDuffleBaglady's avatarMzDuffleBaglady

Quote: Originally posted by travelintrucker on Jan 10, 2016

I sure hope people aren't cashing out their 401Ks and IRAs trying to win this HUGE jackpot!

I Agree!

travelintrucker's avatartravelintrucker

LPers are thinking ahead.

Spiritualist

Quote: Originally posted by Bleudog101 on Jan 10, 2016

How does the tax liability apply to Canadians?  I understand no taxes are taken out of lottery win there, then again your country is way ahead of the USA in many ways, i.e. metric system, healthcare.  But not here to discuss politics, have a great trip across the border...where do you play?  New Hampshire or Maine???

I have to say that I am not a CPA but I have done some research into the matter. This is what I have come up with.  Although Canadians don't pay taxes on lottery winnings, I would still by liable to pay US federal taxes on lottery winnings.

travelintrucker's avatartravelintrucker

I've talked about this before, I don't think it's going to be possible. Huge public outcry and politicians may get involved. The winner(s) trying to stay anonymous after winning this jackpot could end up screwing things up for everyone trying to remain anonymous through law, trusts, and LLCs.

realtorjim

Quote: Originally posted by benmas on Jan 10, 2016

this is really stupid because no matter who wins the next jackpot, we now know that same thing can happen again. another long run to a big jackpot that takes peoples money just to make a few millionaires (or one single billionaire)..what is really the purpose of this isht... to make money for the lottery and the states that allow it...median individual income in us is $24,000..median household is $52,000..just dangle a billion dollar carrot jackpot and suckers will buy it at $2 a ticket. there is a sucker born every minute.

I equate a sucker to someone being gullible.  Playing a ticket or two, if the cash is available, is no different than going to a movie or going to a restaurant.  It's entertainment.  And for two bucks it is cheap entertainment in my opinion.  It has nothing to do with median household income.  I know of people making less pooling their quarters to buy one ticket.  Yes they know the unlikelihood of winning, but for twenty five cents they were able to put their a smile on their face for a few days.  I also know someone who caps out the income tax scale who played.  Does he expect to win, no.  Is he gullible, hence a 'sucker'?  Far from it.  IT'S ENTERTAINMENT!

Rant

Romancandle's avatarRomancandle

Pinch me... 1.3 ... Really?

These next few day are going to be a wild ride...

savagegoose's avatarsavagegoose

here is my perception of the likely hood of the game being won. the odds being 292 million to 1 means if 292 million tickets are sold then there is a %67 chance  gets hit.  because a good chance there will be multiple repeat numbers. now just need to figure how much the jackpot goes up from 29 2 million ticket sold. to  say there is %100 chnace  ever is impossible. but 3x 292 or or 876million ticts sold in draw would be almost certin  it will get won but under stand this fact. the chance of it not getting won at 876 million tickets sold is much better than your personal chance of winning

realtorjim

Quote: Originally posted by C0w Pi3 on Jan 10, 2016

Hopefully someone who wins this and if there is a sole winner is in a state that they can stay anonymous.

You are hopeful for a sole winner in a state that can stay anonymous; I can be a sole winner in a state that can stay anonymous!    I graciously accept the privilege... and am humbled.

Leaving

SANKORE's avatarSANKORE

Groppo's avatarGroppo

Quote: Originally posted by mightwin on Jan 10, 2016

Like I said in the other post we have all been wanting this for years..... It's a perfect storm

I'll be incredibly happy with the 2nd prize.

Groppo's avatarGroppo

Quote: Originally posted by deeharveyd on Jan 10, 2016

Wow...just Wow...Can't believe it.

Exactamundo!

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by benmas on Jan 10, 2016

this is really stupid because no matter who wins the next jackpot, we now know that same thing can happen again. another long run to a big jackpot that takes peoples money just to make a few millionaires (or one single billionaire)..what is really the purpose of this isht... to make money for the lottery and the states that allow it...median individual income in us is $24,000..median household is $52,000..just dangle a billion dollar carrot jackpot and suckers will buy it at $2 a ticket. there is a sucker born every minute.

This from someone who posts numbers in maddog's challenge.

Sucker???

Really???

Where else can a person spend a measly $2 and have a chance at millions of dollars? Yes the odds are stratospheric. Well, that's why the jackpot has gotten to this amount.

You stayed up til after 2 in the morning to see the results and to insult PB players. I didn't even check my numbers until the football game was over, then went to bed at 11 (central time).

Sucker?? Yeah.

MaximumMillions

Quote: Originally posted by SANKORE on Jan 10, 2016

Somebody let me know it works with a proxy.White Bounce

Groppo's avatarGroppo

Come on 2nd prize.   1 million is all I need.

2nd Prize baby!  Yeah!

 

(what is my problem?  "2nd Prize" ?.  Get real. 2nd prize is only a million.
"yes, I know but . . . . . "
but nothing. when you go to get your tickets today, think big)

y2kjackson

You wouldn't being saying that if you won!!

cbr$'s avatarcbr$

I can't believe it roll over! I now need to make that 2 hour trip again across the border. IT was a 1 hour 45 minutes slow walk in line before you got in the door. It was insane. The fun was just listening to people talk about what do if they get just a piece of this jackpot. Reality pass out cards in line offering to find you great location to hide if you win. Most interesting information is this. ALA. residents , there is a law on ALA. book, let just say a blue law. Since it is illegal to gamble in ALA. if you have a winning Lottery Ticket they can take all that money from you as illegal money, sorry to say it you could win it in Vegas it don't matter. So as long as this blue law is on the book. Ala can do what it did before give retailer & vendors  the license to sell or do something. Then 6 month later close them down. So the best thing to do for Ala. is to open accounts in the state you gamble in. GL.

RL-RANDOMLOGIC

Quote: Originally posted by Todd on Jan 10, 2016

LOL, Lottery Post was not built to handle jackpots greater than $1 billion.  It's showing up as $1300 million.  Guess I have some work to do! LOL

LOL, when I read the first part I thought you were referring to the traffic.

Party

RL

y2kjackson

Imagine you won that jackpot , and the lottery commission told you , we couldn't pay it? There excuse would be it would good bleed our states dry and we would have to file for bankruptcy? What would you do?

MaximumMillions

Quote: Originally posted by y2kjackson on Jan 10, 2016

Imagine you won that jackpot , and the lottery commission told you , we couldn't pay it? There excuse would be it would good bleed our states dry and we would have to file for bankruptcy? What would you do?

The money is already collected from ticket sales and needs to only be consolidated to the winners state lottery comission. Prize money is not budget money.

RL-RANDOMLOGIC

Quote: Originally posted by y2kjackson on Jan 10, 2016

Imagine you won that jackpot , and the lottery commission told you , we couldn't pay it? There excuse would be it would good bleed our states dry and we would have to file for bankruptcy? What would you do?

In the grand scheme of things 1.3 billion is not even a drop in the bucket.  Maybe one day we will see a

multi-trillion dollar JP but until then I am not worried.  The state govs are the biggest winners anyway.

RL

LottoMetro's avatarLottoMetro

Quote: Originally posted by GiveFive on Jan 10, 2016

Yesterday someone told me that 65% of all the 292 million possible combinations had been sold. (I've no idea if that's accurate or not)

If it's true, that says that 35% of them were unsold.  Therefore last nites's combo came from the 35% of combinations that were not sold. 

Two things come to my mind;  Can they/will they sell more than 65% of the possible combo's for next Wednesday nights drawing, and with a 65% chance of a combo that was sold being drawn, I doubt the jackpot will not be won next Wednesday.  G5

By my estimates nearly 78% of combinations were sold.

We have officially entered the 99th percentile with this rollover. What that means is that on average, 99% of the time there is at least one winner in the current or prior drawings, based on cumulative tickets sold (note: not same probability as winner in this specific draw). I believe the jackpot will be hit Wednesday.

JezzVim

NOW ...... EVERYONE........... ALL Over the WORLD will be playing the Powerball! 

Not just peeps living in the Good Old USA.   So, even though it's an attractive amount.  I STILL will NOT play.   

 When everyone else goes one way, I go the other way.  Sometimes I watch the carnage. 

Question:  HOW did they know three draws ago that it would reach this point?  How did they know?   

I can't be sorry for not  "trusting of the system"

MaximumMillions

Quote: Originally posted by JezzVim on Jan 10, 2016

NOW ...... EVERYONE........... ALL Over the WORLD will be playing the Powerball! 

Not just peeps living in the Good Old USA.   So, even though it's an attractive amount.  I STILL will NOT play.   

 When everyone else goes one way, I go the other way.  Sometimes I watch the carnage. 

Question:  HOW did they know three draws ago that it would reach this point?  How did they know?   

I can't be sorry for not  "trusting of the system"

If you can't part with 2$ you shouldn't.

RL-RANDOMLOGIC

I think I read that $.80 cents of each ticket goes to payouts so the states are making $1.20 for each

ticket sold.  Since most players will not win anything, including the off shore purchases then the big

JP is bringing in a lot of money from all over the world.  A buyout, even if possible based on the time

it would take to secure all the tickets is not a good investment as the risk of multiple winners could

put them in the red.  $2.00 is chicken feed these days and I will buy another ticket so that I can be

part of the largest JP drawing ever.  The odds are so large that I ignore them and have no illusion

of winning but there is still that minuscule chance it could be me.  Have fun and don't take winning

to seriously.   

RL

Prolific-Atom

Am i dreaming, please tell me , am i reading this right?

BananaBananaBanana Relax sit back with some Lurking and enjoy the show. Good luck

LottoMetro's avatarLottoMetro

Buyout? LOL

It would take over 10,000 five-board playslips to be processed every minute from Sunday until Wednesday to buyout Powerball.

lakerben's avatarlakerben

This is why they changed the format. Money!  Record sales!

MrProgrammer's avatarMrProgrammer

Think about this!  See below.  Not only did 28 tickets get all 5 right but not the powerball, but 451 tickets got 4+PB.  Now that is amazing if you think about that for a while!.  Numbers obtained from the Powerball site.

POWERBALL                     Winners  Power Play    Total
Jackpot (Match 5 + PB)     0             0                   0
Match 5                            25           3                   28
Match 4 + Powerball        396         55                 451

RL-RANDOMLOGIC

1,300,000,000.00 That's a lot of 

Green, and zeros. 

It would take spending one million

every day for the next 3.56 years to

go through that much money.  I would

have trouble making it though the first

week.

RL

Romancandle's avatarRomancandle

Quote: Originally posted by lakerben on Jan 10, 2016

This is why they changed the format. Money!  Record sales!

Yeah, but the other side of the coin... few are going to buy a MM ticket for awhile @ 15M

And once this JP is won... lotto fever (increased sales) isn't going to happen until the JP nears 1 Billion again.  Remember when folks got excited when a JP hit 200 or 300 Million?

So they better be making billion $ jackpots regularly or players will see (again) another matrix change Puke

whiteballz's avatarwhiteballz

Went to the store today at 7AM hoping to beat the rush and there were 3 people in line ahead of me. LOL

RL-RANDOMLOGIC

Quote: Originally posted by Raven62 on Jan 10, 2016

Y2K revisited?

LOL

RL-RANDOMLOGIC

Quote: Originally posted by RL-RANDOMLOGIC on Jan 10, 2016

1,300,000,000.00 That's a lot of 

Green, and zeros. 

It would take spending one million

every day for the next 3.56 years to

go through that much money.  I would

have trouble making it though the first

week.

RL

but then again, maybe not.  I forgot about taxes.

RL

lakerben's avatarlakerben

Quote: Originally posted by RL-RANDOMLOGIC on Jan 10, 2016

1,300,000,000.00 That's a lot of 

Green, and zeros. 

It would take spending one million

every day for the next 3.56 years to

go through that much money.  I would

have trouble making it though the first

week.

RL

My wife and daughters would put a serious dent on the money. They would be living at the mall.

 

US Flag

Nodda4me's avatarNodda4me

hello lakerben!

lakerben's avatarlakerben

Quote: Originally posted by Nodda4me on Jan 10, 2016

hello lakerben!

I got my numbers already picked out.  Going to the store and cash a couple of tickets.

 

Howdy!

Volvo36

It's gonna hit $2 Billion by Wednesday!

docstrange

With the jackpot this high and the odds of winning at 1- 292,000,000 you can buy every combination and you will win the jackpot plus $1,000,000 prizes 25 times

sure it will cost you roughly $589 million dollars but you will be a winner

DDOH937's avatarDDOH937

Quote: Originally posted by sully16 on Jan 10, 2016

My sister in law is a bank teller, many cash advances on Friday....now what will these people do?

A guy told me yesterday that if it rolled, he would be using his entire pay check for this one. Went into Publix Supermarket this morning around 9am to pick up some groceries and the lines were there. I thought it was just people checking tickets but EVERYONE had cash in one hand ready to buy. INSANE!!!...but cool. hahahaha

SoleWinner21

False advertising.. Not really a billion dollar jackpot when you're ending up with less after you win.

Nodda4me's avatarNodda4me

Quote: Originally posted by SoleWinner21 on Jan 10, 2016

False advertising.. Not really a billion dollar jackpot when you're ending up with less after you win.

It's not false advertising.

 

If you buy a 99 cent drink at the store, with a sticker price 99 cents, are you going to cry about paying the .05% tax?

 

basically the same thing...

Romancandle's avatarRomancandle

Quote: Originally posted by Nodda4me on Jan 10, 2016

It's not false advertising.

 

If you buy a 99 cent drink at the store, with a sticker price 99 cents, are you going to cry about paying the .05% tax?

 

basically the same thing...

I think a better analogy would be if you went to pay for that .99 soft drink and they charged you $3 instead, saying "oh .99 was the price back in 1986"

Teddi's avatarTeddi

I'm waiting for the $1 billion cash value. That's my sweet spot. That's what I really want to see.

Since we're in completely uncharted territory here, predictions are going to be hard but I see no reason why we won't get there. If it gets to a $1 billion cash value AFTER  taxes I might lose my mind.

ArizonaDream's avatarArizonaDream

It's not not taxes, it's the difference between the annuity value and the cash value that makes it false advertising. They should have to put the cash value along with the annuity value on all the signs when they post the jackpot value.  Almost no one takes the annuity, but that's all they advertise most places.

dougabc123

Quick Pick question... 

Is there a database of all possible winning number combinations, from which quickpick tickets are drawn?

Or, are quick pick numbers simply randomly generated at each terminal?

Romancandle's avatarRomancandle

Quote: Originally posted by dougabc123 on Jan 10, 2016

Quick Pick question... 

Is there a database of all possible winning number combinations, from which quickpick tickets are drawn?

Or, are quick pick numbers simply randomly generated at each terminal?

Quick picks are randomly generated at the terminal I believe.

I've always wondered if duplicate QP tickets can be generated... ie in the case of multiple winners, always thought multiple winners resulted from self picks

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by dougabc123 on Jan 10, 2016

Quick Pick question... 

Is there a database of all possible winning number combinations, from which quickpick tickets are drawn?

Or, are quick pick numbers simply randomly generated at each terminal?

QP's are generated randomly at each lottery terminal.

Spiritualist

Quote: Originally posted by Teddi on Jan 10, 2016

I'm waiting for the $1 billion cash value. That's my sweet spot. That's what I really want to see.

Since we're in completely uncharted territory here, predictions are going to be hard but I see no reason why we won't get there. If it gets to a $1 billion cash value AFTER  taxes I might lose my mind.

I'm sticking my neck out saying this but such a scenario is not entirely impossible. I could definitely see a scenario whereby the population purchases fewer tickets after a large run up, thereby actually causing the JP to run successively higher, albeit at a slower pace, but with fewer chances of being won. Let's call this lottery fatigue. 

 

PS I hope I expressed my thoughts accurately.

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by whiteballz on Jan 10, 2016

Went to the store today at 7AM hoping to beat the rush and there were 3 people in line ahead of me. LOL

LOL. Just went to the little c-store where I usually buy my tix, and.......I'm the only one there!

So, I'm good for Texas 2 Step tomorrow night, MM Tuesday night, Texas Lotto Wednesday night, and PB Wednesday night.

MrPhilly1

Can't believe it actually rolled but hey, why not be apart of history? I'm in!

rock_nc's avatarrock_nc

Well folks, I think I will buy a 2.00 dollar today, 2.00 on Monday, 2.00 on Tuesday and a 2.00 dollar on Wednesday! 8.00 bucks will be enough for me. All QP too! California had a total of 2,267,503 winners and 6 of those was 5 numbers right! Florida had 1,494,110 and only one win for 5 numbers correct! New York had 1,394,328 winners last night! 3 of them had a match 5.. Now Texas had a total of 1,462,985 winners, and only one person to match 5 right! But the total winners from all 44 states that play the lottery was   18,315,365. Woweee!! Check it out, go to www.powerball.com and click on winner breakdown by lottery. Check out each state winners. Good Luck everyone! Have a nice Sunday!Smile

Grovel's avatarGrovel

This is how I feel right now.

Romancandle's avatarRomancandle

Quote: Originally posted by rock_nc on Jan 10, 2016

Well folks, I think I will buy a 2.00 dollar today, 2.00 on Monday, 2.00 on Tuesday and a 2.00 dollar on Wednesday! 8.00 bucks will be enough for me. All QP too! California had a total of 2,267,503 winners and 6 of those was 5 numbers right! Florida had 1,494,110 and only one win for 5 numbers correct! New York had 1,394,328 winners last night! 3 of them had a match 5.. Now Texas had a total of 1,462,985 winners, and only one person to match 5 right! But the total winners from all 44 states that play the lottery was   18,315,365. Woweee!! Check it out, go to www.powerball.com and click on winner breakdown by lottery. Check out each state winners. Good Luck everyone! Have a nice Sunday!Smile

I was thinking the same thing, but Saturday was a little crazy at my usual ticket stops... long lines, crabby clerks (can you blame them)

I'm loading up earlyThumbs Up

Bleudog101

Quote: Originally posted by Romancandle on Jan 10, 2016

I was thinking the same thing, but Saturday was a little crazy at my usual ticket stops... long lines, crabby clerks (can you blame them)

I'm loading up earlyThumbs Up

When I visit Stateline, Nevada always walk down the street to play lottery in California. They have no self service machines were I go.

Yesterday they showed that Primm, CA Lotto store with a three hour wait to get their tickets. 

In the background you could see a row of self service lottery machines with a bunch of scratchers.  My question for someone in California do the self service machines allow you to play MM & PB??  Not a soul was @ any of them.  Just curious, every other state I've played with those machines are multi-functional.

 

I'd sure hate to be a clerk @ that store!!

sonnet's avatarsonnet

Played one ticket (stopped playing PB when it went to $2) but the frenzy was enuff to get into the mix, matched only two numbers, 16 and 57, no win.  Question is why does the MSM keep on comparing this massive PB jackpot with "El Gorda"?

Bleudog101

Quote: Originally posted by sonnet on Jan 10, 2016

Played one ticket (stopped playing PB when it went to $2) but the frenzy was enuff to get into the mix, matched only two numbers, 16 and 57, no win.  Question is why does the MSM keep on comparing this massive PB jackpot with "El Gorda"?

I read that is not a true lottery, it is a raffle with many folks getting some good money.

 

On a side note, went to PB website to view a few states PB amount listed.  The website builders will be busy tomorrow updating their sites to fit in $1,300,000,000.00.  Some said 1300 million, two others 999 million, and some states were down altogether.

Tinker

Quote: Originally posted by MaximumMillions on Jan 10, 2016

The money is already collected from ticket sales and needs to only be consolidated to the winners state lottery comission. Prize money is not budget money.

Ever hear of the state of Illinois? They didn't pay for a long time because of budget.

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by rock_nc on Jan 10, 2016

Well folks, I think I will buy a 2.00 dollar today, 2.00 on Monday, 2.00 on Tuesday and a 2.00 dollar on Wednesday! 8.00 bucks will be enough for me. All QP too! California had a total of 2,267,503 winners and 6 of those was 5 numbers right! Florida had 1,494,110 and only one win for 5 numbers correct! New York had 1,394,328 winners last night! 3 of them had a match 5.. Now Texas had a total of 1,462,985 winners, and only one person to match 5 right! But the total winners from all 44 states that play the lottery was   18,315,365. Woweee!! Check it out, go to www.powerball.com and click on winner breakdown by lottery. Check out each state winners. Good Luck everyone! Have a nice Sunday!Smile

Texas had 3 second prize winners, 2 with powerplay. All qp.

BuyLow's avatarBuyLow

FL signs LOL.....

 

MaximumMillions

Quote: Originally posted by Tinker on Jan 10, 2016

Ever hear of the state of Illinois? They didn't pay for a long time because of budget.

That's because the comptroller couldn't release the fund. They still weren't state money.

edmunddantes13

Long time lurker, and figured I'd finally sign up.

It doesn't matter where you buy the ticket (except for one group of people). 

Your state is getting the cut no matter what (unless you have no income tax at all or no tax on lottery winnings). Going to a no tax state to buy your ticket will not protect you from having to pay income tax on your state's taxes.

The only people that should worry about which state they buy their tickets are those people living in no tax states. 

Don't be the person that lives in a no-tax state that buys it in a tax state. As you will owe the taxes in the state you purchased the ticket as it will be income you earned in that state.

rock_nc's avatarrock_nc

Quote: Originally posted by rcbbuckeye on Jan 10, 2016

Texas had 3 second prize winners, 2 with powerplay. All qp.

Thanks! I missed that!Smile

golfer1960's avatargolfer1960

$1.3B???

That's like buying 1,300 One Million Dollar Mansions...

That's like having 1,300 One Million Dollar Bills...

lotterybraker's avatarlotterybraker

Quote: Originally posted by rcbbuckeye on Jan 10, 2016

Texas had 3 second prize winners, 2 with powerplay. All qp.

That is what they want to...all QUICK PICS...that really has no chance to win unless lightening strikes...that creates millions and millions and millions of dollars worth of sales

WHEN DOES IT BECOME A CRIME for MUSL to increase the ticket sales to 2 $...add an unholy amount of numbers to the set that does actually cover just about every man woman and child in the U.S...population 330 million..powerball set is what 290 million combinations

 

NOW IF YOU TAKE INTO ACCOUNT every person playing in the U.S it is more than the POPULATION of the U.S. because only adults can play...

 

YOU SAW THE GRAPH since POWERBALL CHANGED THE MATRIX of numbers...all jackpots has been going up and up and up ...

 

NOW THIS IS THE TRUTH RIGHT HERE...higher ticket sales = more MONEY...more combinations in the set = MORE MONEY...more combinations in the set = HIGHER JACKPOTS....PRETEST DRAWS AND POST TEST DRAWS = you lose and more quick pics sold which = MORE MONEY!!!!!

 

WHEN DOES A DREAM OF WINNING RICHES OUT RANK STEALING ON A COLOSSAL SCALE...if I  meet an untimely departure from this planet you will know why...

 

I am the only one on this Planet that could go into the FBI'S OFFICE and then go in front of a FEDERAL JUDGE and prove to them beyond any shadow of doubt that this is TAMPERING, MANIPULATION  AND STEALING!!!!!

golfer1960's avatargolfer1960

Quote: Originally posted by benmas on Jan 10, 2016

this is really stupid because no matter who wins the next jackpot, we now know that same thing can happen again. another long run to a big jackpot that takes peoples money just to make a few millionaires (or one single billionaire)..what is really the purpose of this isht... to make money for the lottery and the states that allow it...median individual income in us is $24,000..median household is $52,000..just dangle a billion dollar carrot jackpot and suckers will buy it at $2 a ticket. there is a sucker born every minute.

So Ben, how many tickets you gonna get? Wink

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by lotterybraker on Jan 10, 2016

That is what they want to...all QUICK PICS...that really has no chance to win unless lightening strikes...that creates millions and millions and millions of dollars worth of sales

WHEN DOES IT BECOME A CRIME for MUSL to increase the ticket sales to 2 $...add an unholy amount of numbers to the set that does actually cover just about every man woman and child in the U.S...population 330 million..powerball set is what 290 million combinations

 

NOW IF YOU TAKE INTO ACCOUNT every person playing in the U.S it is more than the POPULATION of the U.S. because only adults can play...

 

YOU SAW THE GRAPH since POWERBALL CHANGED THE MATRIX of numbers...all jackpots has been going up and up and up ...

 

NOW THIS IS THE TRUTH RIGHT HERE...higher ticket sales = more MONEY...more combinations in the set = MORE MONEY...more combinations in the set = HIGHER JACKPOTS....PRETEST DRAWS AND POST TEST DRAWS = you lose and more quick pics sold which = MORE MONEY!!!!!

 

WHEN DOES A DREAM OF WINNING RICHES OUT RANK STEALING ON A COLOSSAL SCALE...if I  meet an untimely departure from this planet you will know why...

 

I am the only one on this Planet that could go into the FBI'S OFFICE and then go in front of a FEDERAL JUDGE and prove to them beyond any shadow of doubt that this is TAMPERING, MANIPULATION  AND STEALING!!!!!

QP have always outsold self picks. Personally I play QP sometimes, and sometimes I pick my numbers. Sometimes I use LP ' s RNG.

So I'm curious. If you are the only one on  the planet that can prove it's tampering, manipulation,and stealing, beyond any shadow of doubt, what's stopping you? If it's money, then you need to win PB or MM jackpot?

ryanm

Quote: Originally posted by DDOH937 on Jan 10, 2016

A guy told me yesterday that if it rolled, he would be using his entire pay check for this one. Went into Publix Supermarket this morning around 9am to pick up some groceries and the lines were there. I thought it was just people checking tickets but EVERYONE had cash in one hand ready to buy. INSANE!!!...but cool. hahahaha

Even if it was humanly realistic to purchase every combination, which it isn't, it is a very foolish endeavor.  If just ONE OTHER TICKET wins, then you lose BIG on the investment.

IMOPINUNATED's avatarIMOPINUNATED

how can i buy a ticket online?

MaximumMillions

Quote: Originally posted by IMOPINUNATED on Jan 10, 2016

how can i buy a ticket online?

On <snip> or lottosend.com . They are unofficial courier services. They buy tickets or you and scan them. I make no guarantees for their trustworthiness. also they might be closed due to high demand.

This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

IMOPINUNATED's avatarIMOPINUNATED

i was told by a pychic i would win 1billion in a lottery,i said yeah sure,no lotteries ever go that high,so tell me how do i buy a ticket online?if i win ill give you 10million

rock_nc's avatarrock_nc

Quote: Originally posted by Groppo on Jan 10, 2016

I'll be incredibly happy with the 2nd prize.

Smile me also!

IMOPINUNATED's avatarIMOPINUNATED

focus people , how do i buy a ticket online?

Guest

Quote: Originally posted by IMOPINUNATED on Jan 10, 2016

focus people , how do i buy a ticket online?

The lotter. The websites has been down today.

Unless  you go with their competitor. Make sure read the review of their competitor. If it legit.

Nikkicute's avatarNikkicute

Quote: Originally posted by BuyLow on Jan 10, 2016

FL signs LOL.....

 

Texas sign, look at little MegaMillions lol

MaximumMillions

Quote: Originally posted by MaximumMillions on Jan 10, 2016

On <snip> or lottosend.com . They are unofficial courier services. They buy tickets or you and scan them. I make no guarantees for their trustworthiness. also they might be closed due to high demand.

This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

LMAO why is the site that advertises here SPAM?Green laugh

MaximumMillions

Quote: Originally posted by Nikkicute on Jan 10, 2016

Texas sign, look at little MegaMillions lol

Aw, that's sad. Bless his heart.

sirbrad's avatarsirbrad

Quote: Originally posted by AbsolutelyFun on Jan 10, 2016

When will people learn that the Federal Tax is NOT 25% when you're dealing with these large amounts.  sirbrad you gotta give Uncle Sam 39.6% but you could get that reduced somewhat assuming a number of things that your CPA (which you will easily be able to afford and you will most certainly need) can probably save you some percentage points but every person's situation varies.  So you may want to change your matrix of payouts to 39.6% rather than 25% because you will NOT receive 14.6% of what you think you will.  With huge numbers like that 14.6% becomes pretty significant.

No one said those were "final" deductions but it is close enough. Also you get more usually in the end than advertised and if you wanted you could earn way more with interest to cover the taxes. But would you really HAVE to? No. If you are focusing on taxes in this case you are simply a pessimistic thinker who shouldn't be playing. I am focusing on the ENORMOUS amount left after taxes which will still be WAY more than anyone else ever won and more than most have. Honestly with this amount of money I don't give a crap because I would still have over half a billions dollars net in the end. Whatever taxes they take I would never touch anyway, I would never even touch 99% of the  principle. I will gladly pay those taxes on this amount. I could also invest in tax free Government bonds to cover the taxes which would not even be necessary. I will still have several hundred million cleared. I would be set for life after the first payment and am very well prepared.

Power8411

Get a signwriter to tag a "1" to the left hand side of the numbers.

realtorjim

Quote: Originally posted by y2kjackson on Jan 10, 2016

Imagine you won that jackpot , and the lottery commission told you , we couldn't pay it? There excuse would be it would good bleed our states dry and we would have to file for bankruptcy? What would you do?

You file your claim anyway.  That gives a priority right in proceedings.  However, considering Powerball is made up of 44 states, if it would come to such a drastic action as all states failing at the same time, there is much more going on in the world.  Just curl up in the fetal position and wait.

realtorjim

Quote: Originally posted by SoleWinner21 on Jan 10, 2016

False advertising.. Not really a billion dollar jackpot when you're ending up with less after you win.

Geesh!  Disapprove

IPlayWeekly's avatarIPlayWeekly

Whoever wins can't spend it in their lifetime, like I said yesterday... generational wealth.  I am also happy for the 28 people who won 1 million matching 5 numbers.

Bleudog101

Quote: Originally posted by sirbrad on Jan 10, 2016

No one said those were "final" deductions but it is close enough. Also you get more usually in the end than advertised and if you wanted you could earn way more with interest to cover the taxes. But would you really HAVE to? No. If you are focusing on taxes in this case you are simply a pessimistic thinker who shouldn't be playing. I am focusing on the ENORMOUS amount left after taxes which will still be WAY more than anyone else ever won and more than most have. Honestly with this amount of money I don't give a crap because I would still have over half a billions dollars net in the end. Whatever taxes they take I would never touch anyway, I would never even touch 99% of the  principle. I will gladly pay those taxes on this amount. I could also invest in tax free Government bonds to cover the taxes which would not even be necessary. I will still have several hundred million cleared. I would be set for life after the first payment and am very well prepared.

Kudos, my thoughts exactly except that I'm going with cash option.

BBLL's avatarBBLL

Quote: Originally posted by realtorjim on Jan 10, 2016

Geesh!  Disapprove

One Ticket

One Winner

 

Party

Guru101's avatarGuru101

I won't lie I bought a $4 QP from a self service machine at Jay C. I said I'm getting in on this $1.3 billion today! lol Big Grin

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