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10-20-2018, 10:05 AM | #1 |
An Awesome Dude
Join Date: Oct 2015
Posts: 1,111
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I dunno if anyone ever wins..... Its a waste of money!!
I DONT KNOW ONE PERSON WHO HAS WON BIG!! Does anyone?? Heres the #s: www.megamillions.com/winning-numbers Ah man!! |
10-20-2018, 12:45 PM | #2 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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They've change the Powerball and Megamillions games to make it easier to hit a small prize and harder to hit the jackpot.
That's what causes these huge jackpots and entices people to play that normally wouldn't.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
10-21-2018, 09:07 AM | #3 |
An Awesome Dude
Join Date: Oct 2015
Posts: 1,111
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Yup its over 1 billion n0w!!!
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10-21-2018, 01:05 PM | #4 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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Lotteries (and casinos) are a tax on the arithmetically challenged.
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10-22-2018, 09:36 AM | #5 |
Deplorable
Join Date: Oct 2013
Location: Dallas, TX
Posts: 767
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I got two on one ticket and one on my second
Guess I put away those daydreams until the next time! |
10-22-2018, 05:43 PM | #6 |
Master Dwellar
Join Date: Oct 2006
Location: Los Angeles, CA
Posts: 4,412
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i won $10.00 on the Friday drawing for Megamillions. 1.6 Billion coming up tomorrow night. :-)
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10-22-2018, 09:25 PM | #7 |
Person who doesn't update the user title
Join Date: Dec 2005
Location: La Crosse, WI
Posts: 8,924
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We got our numbers yesterday, It was easy no lines.
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Annoy the ones that ignore you!!! I live a blessed life I Love my Country, I Fear the Government!!! Heavily medicated for the good of mankind. |
10-23-2018, 07:58 AM | #8 |
™
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
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The payout has to be sufficiently high to make it worth joining in the lottery.
You would never spend $1 for a one in a million shot at winning $10. Everyone is going to have their own idea of how big the jackpot has to be before they are willing to part with $1. Especially with those long odds. I would guess that the tipping point should be where the jackpot is greater than the odds of winning the jackpot. $1 to win a million when the odds are 1 in a million. A megamillions ticket costs $2. They try to make the math harder by charging $2 instead of $1. The odds of winning the jackpot are 1 in 302,575,350. Using my logic above, it doesn't make any sense to play megamillions if the jackpot is ever below $605,150,700. But if the jackpot is twice that amount like it is now, then maybe it's not so bad to be buying a ticket. With a 302,575,349 in 302,575,350 shot of losing, you're still going to lose that $2. But maybe you had fun. And what were you going to do with $2 anyway, buy a cheeseburger off the McDonald's dollar menu? Mmm cheeseburgers. |
10-23-2018, 08:12 AM | #9 |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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That money is better spent buying a stock. The payout is higher. No thrill is obtained. It only provides cash.
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10-23-2018, 09:14 AM | #10 | |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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Quote:
... cash payout after taxes -- for which, this jackpot was not enough to match, until maybe this week |
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10-23-2018, 09:37 AM | #11 |
I can hear my ears
Join Date: Oct 2003
Posts: 25,571
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well, since UT now approves of the math, and tw thinks it's stupid, I just went and bought 9 mega millions tickets and 4 power ball by accident. On 3 of the single mega tix and the 4 power ball, i did the extra $1 multiplier. so I've risked(not invested, tw you schmuck) $33 in total.
I'll let you know how much I lost after they go off. for now, I'm going to try to have $33 worth of fantasies about being stupid rich.
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10-23-2018, 12:51 PM | #12 |
I think this line's mostly filler.
Join Date: Jan 2003
Location: DC
Posts: 13,575
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"cash payout after taxes" - does this include, in addition to taxes, lump sum as opposed to annuity (they cut the payout amount if you don't take the annuity)?
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_________________ |...............| We live in the nick of times. | Len 17, Wid 3 | |_______________| [pics] |
10-23-2018, 11:15 PM | #14 |
Goon Squad Leader
Join Date: Nov 2004
Location: Seattle
Posts: 27,063
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Mega Millions winning numbers: 5, 28, 62, 65, 70 and Mega Ball 5
twelve numbers across two tickets, one match.
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Be Just and Fear Not. |
10-24-2018, 05:19 AM | #15 |
An Awesome Dude
Join Date: Oct 2015
Posts: 1,111
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Good for you BIGV!!
I didnt get any this time........ |
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