Interesting find while watching a video on YouTubePrev TopicNext Topic

• TheMeatman2005

  

  Brooklyn, NY
  United States
  Member #169,716
  October 29, 2015
  1,700 Posts
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  Oct 17, 2018, 6:49 am

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  I was watching this video on YouTube and at 2:01 they reference a news story that was on Lottery Post back on June 6, 2006.

  The video was published on Feb 24, 2015.

  The Meatman 🥩🍗🍔🍖🍤🌭

  “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

  Winning happens in a flash, Like A Bolt Of Lightning! 
• CDanaT

  

  Central TN
  United States
  Member #121,187
  January 4, 2012
  7,785 Posts
  Offline
  Oct 17, 2018, 8:31 am

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  Excellent find MM....a good reminder that money doesn't resolve issues involving friends/coworkers/family or medical.

  Si vis pacem, para bellum.
• Tucker Black

  

  Reno, NV
  United States
  Member #173,296
  February 25, 2016
  337 Posts
  Offline
  Oct 17, 2018, 6:21 pm

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  Thanks for the video. This is more evidence that lottery pools are a very bad idea IMHO. Just play by yourself.

  You must have bulletproof paperwork to survive the attacks that will occur in situations like this. Even then expect to go to court fighting against these nasty parasites.

  Splitting a fake jackpot of $315 million with a bunch of other people in a lottery pool and then having to spend a bunch of money on lawyers to fight back against parasites is no fun! No sleep for two months, my goodness! :(

  A jackpot of $1 million lump sum would be ideal, but people are just too darn greedy and they want "hundreds" of millions of dollars, which ends up not being that much when you consider the fakeness of the jackpot and the massive reduction in prize monies you get in a lottery pool.
• Stack47

  

  Kentucky
  United States
  Member #32,651
  February 14, 2006
  10,306 Posts
  Online
  Oct 17, 2018, 9:22 pm

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  In response to Tucker Black

  Quote: Originally posted by Tucker Black on Oct 17, 2018

  Thanks for the video. This is more evidence that lottery pools are a very bad idea IMHO. Just play by yourself.

  You must have bulletproof paperwork to survive the attacks that will occur in situations like this. Even then expect to go to court fighting against these nasty parasites.

  Splitting a fake jackpot of $315 million with a bunch of other people in a lottery pool and then having to spend a bunch of money on lawyers to fight back against parasites is no fun! No sleep for two months, my goodness! :(

  A jackpot of $1 million lump sum would be ideal, but people are just too darn greedy and they want "hundreds" of millions of dollars, which ends up not being that much when you consider the fakeness of the jackpot and the massive reduction in prize monies you get in a lottery pool.

  A decent estimate of the after taxes cash is around 1/3 of the advertised jackpot, but we should be talking about the cash value rather than an before tax estimate of how much a player can get if they wait 29 years to collect their winnings. 

  Almost as bad as America's Got Talent $1 million prize in 40 equal yearly installments.