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Old 10-20-2018, 11:05 AM   #1
Dude111
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Join Date: Oct 2015
Posts: 395
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!!
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Old 10-20-2018, 01:45 PM   #2
xoxoxoBruce
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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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Old 10-21-2018, 10:07 AM   #3
Dude111
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Yup its over 1 billion n0w!!!
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Old 10-21-2018, 02:05 PM   #4
tw
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Lotteries (and casinos) are a tax on the arithmetically challenged.
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Old 10-22-2018, 10:36 AM   #5
Pamela
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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!
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Old 10-22-2018, 06:43 PM   #6
Sheldonrs
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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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Old 10-22-2018, 10:25 PM   #7
fargon
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We got our numbers yesterday, It was easy no lines.
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Old 10-23-2018, 08:58 AM   #8
glatt
 
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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.
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Old 10-23-2018, 09:12 AM   #9
tw
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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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Old 10-23-2018, 10:14 AM   #10
Undertoad
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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
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Old 10-23-2018, 10:37 AM   #11
lumberjim
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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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Old 10-23-2018, 01:51 PM   #12
Happy Monkey
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Quote:
Originally Posted by Undertoad View Post
... 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)?
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Old 10-23-2018, 01:59 PM   #13
Undertoad
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Yes - I've been using this page to see the cash amounts.
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Old 10-24-2018, 12:15 AM   #14
BigV
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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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Old 10-24-2018, 06:19 AM   #15
Dude111
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Good for you BIGV!!

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