Mega millions over 1 billion now?!

**The Kraken** · 07-20-22, 01:04 AM

Bought $420 in tickets today

Won maybe $5

**Optional** · 07-20-22, 01:48 AM

Bought $14 in tickets. No bueno here.

**wombat** · 07-20-22, 09:00 AM

Still a long way to go from the $1.5 billion jackpot won by single ticket holder in North Carolina few years ago.

**The Kraken** · 07-20-22, 09:53 AM

Originally posted by wombat

Still a long way to go from the $1.5 billion jackpot won by single ticket holder in North Carolina few years ago.

Someone won either Mega or Powerball a few weeks ago for $15 million

Imagine winning a 1:300,000,000 lottery where others have won a billion dollars, and your "jackpot" is barely enough to retire on

Instant payout is always around 57% of the jackpot, and taxes would be 30-35%, That leaves them walking away with not even $6,000,000

Id be salty af

**Optional** · 07-20-22, 12:03 PM

Originally posted by The Kraken

Someone won either Mega or Powerball a few weeks ago for $15 million

Imagine winning a 1:300,000,000 lottery where others have won a billion dollars, and your "jackpot" is barely enough to retire on

Instant payout is always around 57% of the jackpot, and taxes would be 30-35%, That leaves them walking away with not even $6,000,000

Id be salty af

Intuitively it seems hard to justify taxing people on winning a lottery. (or gambling at all)

And what happens to that 57% they take away for lump sum payouts? Does it go back in the prize pool?

**209 Life** · 07-20-22, 12:40 PM

24 times more likely to hit 2nd prize 5+0 then the jackpot 5+1

**The Kraken** · 07-20-22, 04:34 PM

Originally posted by Optional

Intuitively it seems hard to justify taxing people on winning a lottery. (or gambling at all)

And what happens to that 57% they take away for lump sum payouts? Does it go back in the prize pool?

I had to research and learned something new

The lump sum is the actual amount of cash they have on hand for that particular lottery.

The annuity is simply them investing the lump sum for you and then giving it back to you over 30 years with interest

Seems a bit misleading to say the jackpot is $635,000,000, and I cant fathom why anyone would take the annuity unless they have zero sef-control

**Optional** · 07-20-22, 07:55 PM

Originally posted by The Kraken

I had to research and learned something new

The lump sum is the actual amount of cash they have on hand for that particular lottery.

The annuity is simply them investing the lump sum for you and then giving it back to you over 30 years with interest

Seems a bit misleading to say the jackpot is $635,000,000, and I cant fathom why anyone would take the annuity unless they have zero sef-control

Oh ok, that is a bit deceptive but kind of less unfair sounding as well.

Thanks for finding out

I'd spend those millions like water btw. So the annuity would be smarter for me but you know I am taking the lump sum anyway lol

**The Kraken** · 07-20-22, 10:49 PM

Originally posted by Optional

Oh ok, that is a bit deceptive but kind of less unfair sounding as well.

Thanks for finding out

I'd spend those millions like water btw. So the annuity would be smarter for me but you know I am taking the lump sum anyway lol

Same lol

I assume those of us that would benefit most from the annuity would be the first to take the lump sum

Also, whoever distributes the annuity winnings can actually go bankrupt and you'd never collect

I dont need any help losing the money thank you very much

**209 Life** · 07-20-22, 10:51 PM

bought $4 ticket, ready to go for Friday 7/22

**wombat** · 07-20-22, 11:01 PM

Always by a ticket with the megaplier. You will never forgive yourself if you happen to hit the none jackpot and didn't megaplier. For a measly extra $1, you cost yourself several millions.

**209 Life** · 07-20-22, 11:09 PM

Originally posted by wombat

Always by a ticket with the megaplier. You will never forgive yourself if you happen to hit the none jackpot and didn't megaplier. For a measly extra $1, you cost yourself several millions.

I agree if you play in other states besides California. Odds in California are pari-mutuel so megaplier isn't available

**209 Life** · 07-21-22, 12:03 PM

Jackpot has been raised to 660 Million

**The Kraken** · 07-21-22, 04:27 PM

Lets gooooooo

**Optional** · 07-21-22, 05:27 PM

It's US$4.80 per ticket if bought legally in Australia. $7.20 with multiplier option.

What is it there? $2?

**209 Life** · 07-21-22, 05:37 PM

Originally posted by Optional

It's US$4.80 per ticket if bought legally in Australia. $7.20 with multiplier option.

What is it there? $2?

2 bucks per set of numbers in California

**Optional** · 07-21-22, 06:57 PM

Oh well, only need 1 ticket to win

My granny's waters say the mega number will be 8 btw

**goduke** · 07-21-22, 10:51 PM

Originally posted by Optional

It's US$4.80 per ticket if bought legally in Australia. $7.20 with multiplier option.

What is it there? $2?

Has anyone ever won buying online or in another country?

**209 Life** · 07-22-22, 01:09 PM

Draw day. Let's go

**big joe 1212** · 07-22-22, 01:23 PM

I picked up my 1 quick pick ticket

**Optional** · 07-22-22, 02:54 PM

Originally posted by goduke

Has anyone ever won buying online or in another country?

At the site I buy them no. Not first prize https://www.lotteryoffice.com.au/magazine/winners/

But I did organize a group of about 20 people on a forum years ago to buy into a syndicate thing for 2 or 3 dollars per week. And on only our 2nd or 3rd drawing we won a share of 2nd prize in the UK's biggest lottery. Think it was over 300k pounds total prize and we each received about US$3000 in the end.

**209 Life** · 07-23-22, 12:10 AM

No Jackpot winner tonight, Now at 790 million dollars. Didn't win but still gonna play Tuesday 7/26

4 players hit 2nd prize 5+0 around the country

There was no jackpot winner in the Friday, July 22, 2022 Mega Millions drawing, but 4 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Delaware (with Megaplier), 1 from New Jersey (with Megaplier), 1 from New York (with Megaplier), and 1 from Virginia. The prize was multiplied to $3,000,000 for the 3 players who purchased the Megaplier.

**The Kraken** · 07-23-22, 01:45 PM

$820 bought total for the last two draws, won $28 total

**GunShard** · 07-23-22, 02:19 PM

I should buy a $2 ticket. Tiny chance of winning.

**209 Life** · 07-23-22, 04:59 PM

I could see it reaching a billion dollars if nobody wins Tuesday.

**Mr KLC** · 07-23-22, 05:47 PM

Just bought one $2 ticket for Tuesday.

**louisvillekid** · 07-23-22, 05:55 PM

i had 2 numbers, 14 and 60 - which = $0 - lolz

try again tuesday.

**retard** · 07-24-22, 09:35 AM

I don’t believe the lottery is real the “winner” will be from an anonymous state and there will be no trace of him or her. They did away with the crisis actor winners and now just say the big winners are from states where you can keep your identity hidden.

**BrickJames** · 07-24-22, 09:38 AM

Originally posted by Mr KLC

Just bought one $2 ticket for Tuesday.

Gotta add that megaplier for $1

**pavyracer** · 07-24-22, 10:39 AM

I won $10 on Friday by not playing. Bought an IPA six pack for free.

**DiggityDaggityDo** · 07-24-22, 10:48 AM

790 million not bad

**209 Life** · 07-24-22, 12:22 PM

Tuesday will be 4th largest jackpot in history.

**TheGoldenGoose** · 07-24-22, 04:21 PM

$464m lump sum.

**Optional** · 07-24-22, 06:09 PM

Italian Lottery has a bigger net lump sum payout then mega millions this week.