Only got 1 number!!

Dude111 · 10-20-2018, 10:05 AM

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!!

xoxoxoBruce · 10-20-2018, 12:45 PM

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.

Dude111 · 10-21-2018, 09:07 AM

Yup its over 1 billion n0w!!!

tw · 10-21-2018, 01:05 PM

Lotteries (and casinos) are a tax on the arithmetically challenged.

Pamela · 10-22-2018, 09:36 AM

I got two on one ticket and one on my second

Guess I put away those daydreams until the next time!

Sheldonrs · 10-22-2018, 05:43 PM

i won $10.00 on the Friday drawing for Megamillions. 1.6 Billion coming up tomorrow night. :-)

fargon · 10-22-2018, 09:25 PM

We got our numbers yesterday, It was easy no lines.

glatt · 10-23-2018, 07:58 AM

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.

tw · 10-23-2018, 08:12 AM

That money is better spent buying a stock. The payout is higher. No thrill is obtained. It only provides cash.

Undertoad · 10-23-2018, 09:14 AM

Quote:

it doesn't make any sense to play megamillions if the jackpot is ever below $605,150,700

... cash payout after taxes -- for which, this jackpot was not enough to match, until maybe this week

lumberjim · 10-23-2018, 09:37 AM

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.

Happy Monkey · 10-23-2018, 12:51 PM

Quote:

Originally Posted by Undertoad

... cash payout after taxes -- for which, this jackpot was not enough to match, until maybe this week

"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)?

Undertoad · 10-23-2018, 12:59 PM

Yes - I've been using this page to see the cash amounts.

BigV · 10-23-2018, 11:15 PM

Mega Millions winning numbers: 5, 28, 62, 65, 70 and Mega Ball 5

twelve numbers across two tickets, one match.

Dude111 · 10-24-2018, 05:19 AM

Good for you BIGV!!

I didnt get any this time........

10-20-2018, 12:45 PM	#2
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	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. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

10-22-2018, 05:43 PM	#6
Sheldonrs Master Dwellar Join Date: Oct 2006 Location: Los Angeles, CA Posts: 4,412	i won $10.00 on the Friday drawing for Megamillions. 1.6 Billion coming up tomorrow night. :-) __________________ Laugh and the world laughs with you; cry and the world laughs AT you.

10-22-2018, 09:25 PM	#7
fargon Person who doesn't update the user title Join Date: Dec 2005 Location: La Crosse, WI Posts: 8,924	We got our numbers yesterday, It was easy no lines. __________________ 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, 09:37 AM	#11
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	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. __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

10-23-2018, 11:15 PM	#14
BigV Goon Squad Leader Join Date: Nov 2004 Location: Seattle Posts: 27,063	Mega Millions winning numbers: 5, 28, 62, 65, 70 and Mega Ball 5 twelve numbers across two tickets, one match. __________________ Be Just and Fear Not.

10-20-2018, 10:05 AM	#1
Dude111 An Awesome Dude Join Date: Oct 2015 Posts: 1,111	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!!

10-21-2018, 09:07 AM	#3
Dude111 An Awesome Dude Join Date: Oct 2015 Posts: 1,111	Yup its over 1 billion n0w!!!

10-21-2018, 01:05 PM	#4
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	Lotteries (and casinos) are a tax on the arithmetically challenged.

10-22-2018, 09:36 AM	#5
Pamela Deplorable Join Date: Oct 2013 Location: Dallas, TX Posts: 767	I got two on one ticket and one on my second Guess I put away those daydreams until the next time!

10-23-2018, 07:58 AM	#8
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	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
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	That money is better spent buying a stock. The payout is higher. No thrill is obtained. It only provides cash.

10-23-2018, 12:59 PM	#13
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	Yes - I've been using this page to see the cash amounts.

10-24-2018, 05:19 AM	#15
Dude111 An Awesome Dude Join Date: Oct 2015 Posts: 1,111	Good for you BIGV!! I didnt get any this time........

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)