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DansDeals Forum => General Discussion => Topic started by: LETSGOCUSTOM on October 17, 2018, 09:05:59 AM

Title: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 17, 2018, 09:05:59 AM
Anyone down for a group buying so we can increase our chances
What would you do with a million dollars ?
Title: Re: Mega millions $868 million
Post by: mochjas on October 17, 2018, 09:07:38 AM
Anyone down for a group buying so we can increase our chances
What would you do with a million dollars ?
cant do much with a million dollars these days
Title: Re: Mega millions $868 million
Post by: rollingstone on October 17, 2018, 09:08:04 AM
Anyone down for a group buying so we can increase our chances
What would you do with a million dollars ?
I wonder how many tickets @boyozucker is buying.
Title: Re: Mega millions $868 million
Post by: Geshmak25 on October 17, 2018, 09:11:58 AM
IMO 1 ticket is good enough, just need to be in it. If it's meant to be then you'll win it whether you have 1 ticket or 1K tickets.
Title: Re: Mega millions $868 million
Post by: mmgfarb on October 17, 2018, 09:12:41 AM
I wonder how many tickets @boyozucker is buying.
Lol
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 09:16:03 AM
IMO 1 ticket is good enough, just need to be in it. If it's meant to be then you'll win it whether you have 1 ticket or 1K tickets.
+1
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 09:16:24 AM
cant do much with a million dollars these days
Pay off a mortgage?
Title: Re: Mega millions $868 million
Post by: mochjas on October 17, 2018, 09:17:13 AM
Pay off a mortgage?
maybe in Cleveland
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 17, 2018, 09:20:05 AM
Lol
+2
Title: Re: Mega millions $868 million
Post by: TimT on October 17, 2018, 09:20:16 AM
Pay off a mortgage?
pros & cons, pros & cons
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 09:20:59 AM
maybe in Cleveland
Buys a whole block in Cleveland.
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 17, 2018, 09:22:26 AM
maybe in Cleveland
A million could pay off a mortgage in Flatbush or lakewood
Title: Re: Mega millions $868 million
Post by: Mordyk on October 17, 2018, 09:22:52 AM
IMO 1 ticket is good enough, just need to be in it. If it's meant to be then you'll win it whether you have 1 ticket or 1K tickets.
Antarctica raffle proved otherwise
Title: Re: Mega millions $868 million
Post by: 12HRS on October 17, 2018, 09:23:38 AM
+1

You weren't singing that song when you were selling multiple tickets in bulk for the Antartica raffle  ;)
Title: Re: Mega millions $868 million
Post by: 12HRS on October 17, 2018, 09:24:06 AM
Antarctica raffle proved otherwise

-1

Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 09:24:43 AM
Antarctica raffle proved otherwise
Duh. Because those were for tzedaka.

But even besides for that,  buying 20% of all tickets makes a real difference. Buying 10 or 100 Powerball tickets doesn't give you a real odds advantage over 1. The odds are still nil.
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 17, 2018, 09:26:58 AM
Buying 10 or 100 Powerball tickets doesn't give you a real odds advantage over 1. The odds are still nil.
...but it increases your odds by millions.  :)
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 09:28:19 AM
Nil+nil=nil
Title: Re: Mega millions $868 million
Post by: mmgfarb on October 17, 2018, 09:29:03 AM
maybe in Cleveland
Lol
Title: Re: Mega millions $868 million
Post by: mmgfarb on October 17, 2018, 09:29:42 AM
Buys a whole block in Cleveland.
Quite the small block.
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 09:30:43 AM
In the hood?
Title: Re: Mega millions $868 million
Post by: shwarmabob on October 17, 2018, 09:33:02 AM
Nil+nil=nil
you must have taken advanced math, others took a course on community organizing
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 17, 2018, 09:47:20 AM
you must have taken advanced math, others took a course on community organizing
Did they teach how to use "+" and "-" in advance math?  :)
Title: Re: Mega millions $868 million
Post by: mmgfarb on October 17, 2018, 09:56:24 AM
In the hood?
Large block there, don't even have to go that far, just cross Taylor
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 17, 2018, 11:00:12 AM
You need to have 2 tickets so when multiple sets of numbers come up you make sure you have both winning tickets  ;D
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 11:10:32 AM
You need to have 2 tickets so when multiple sets of numbers come up you make sure you have both winning tickets  ;D
You mean to buy 2 tickets with the same exact numbers?
Not a terrible strategy I suppose.
Title: Re: Mega millions $868 million
Post by: yelped on October 17, 2018, 11:17:31 AM
You mean to buy 2 tickets with the same exact numbers?
Not a terrible strategy I suppose.
Now that's good tax planning!! Waiting on CM's input here.
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 17, 2018, 11:18:58 AM
You mean to buy 2 tickets with the same exact numbers?
Not a terrible strategy I suppose.
I was making fun of Antarctica raffle 2 where winner won with 2 different numbers.
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 11:25:13 AM
I was making fun of Antarctica raffle 2 where winner won with 2 different numbers.
Lol
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 17, 2018, 11:29:32 AM
Now that's good tax planning!! Waiting on CM's input here.
500mm is taxed different than 1000mm?
Title: Re: Mega millions $868 million
Post by: 12HRS on October 17, 2018, 12:04:45 PM
Saw it change to 900mill while buying gc at stop and shop   ;D
Title: Re: Mega millions $868 million
Post by: avromie7 on October 17, 2018, 12:07:51 PM
Now that's good tax planning!! Waiting on CM's input here.
2 problems with this statement. First of all it won't make a difference, you'll still end up with the same amount of income. Secondly if you want to split it you can do that without having multiple tickets.
Title: Re: Mega millions $868 million
Post by: Dan on October 17, 2018, 12:13:04 PM
2 problems with this statement. First of all it won't make a difference, you'll still end up with the same amount of income. Secondly if you want to split it you can do that without having multiple tickets.
If there are other winning tickets, you'll have a larger share if you buy 2 identical tickets.
Title: Re: Mega millions $868 million
Post by: grodnoking on October 17, 2018, 12:25:20 PM
So we doing a group?
Title: Re: Mega millions $868 million
Post by: Geshmak25 on October 17, 2018, 12:26:17 PM
So we doing a group?

IMO 1 ticket is good enough, just need to be in it. If it's meant to be then you'll win it whether you have 1 ticket or 1K tickets.
Title: Re: Mega millions $868 million
Post by: mochjas on October 17, 2018, 12:28:33 PM
Does anyone pick their own numbers or does everyone do QP?
Title: Re: Mega millions $868 million
Post by: grodnoking on October 17, 2018, 12:37:27 PM
Does anyone pick their own numbers or does everyone do QP?
I think last time we did random numbers, and everyone qp to someone who lived in a anonymous state.
Title: Re: Mega millions $868 million
Post by: mochjas on October 17, 2018, 12:40:25 PM
I think last time we did random numbers, and everyone qp to someone who lived in a anonymous state.
im talking about generally
Title: Re: Mega millions $868 million
Post by: grodnoking on October 17, 2018, 12:46:26 PM
im talking about generally
Oh, quick pick not quick pay. Lol.

I do qp
Title: Re: Mega millions $868 million
Post by: ushdadude on October 17, 2018, 12:57:14 PM
So we doing a group?
IMO 1 ticket is good enough, just need to be in it. If it's meant to be then you'll win it whether you have 1 ticket or 1K tickets.
the idea of joining together isn't to increase your odds. it's to increase your mazel
Title: Re: Mega millions $868 million
Post by: Geshmak25 on October 17, 2018, 12:59:54 PM
the idea of joining together isn't to increase your odds. it's to increase your mazel
Hmmm interesting thought, not sure I agree but not a bad svara.
Title: Re: Mega millions $868 million
Post by: avrumy on October 17, 2018, 01:03:46 PM
can you purchase a ticket on line or needs to be in person?
Title: Re: Mega millions $868 million
Post by: jj1000 on October 17, 2018, 01:13:04 PM
can you purchase a ticket on line or needs to be in person?
Cash in person.
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 17, 2018, 01:14:39 PM
Does anyone pick their own numbers or does everyone do QP?
Pick your own to increase your odds of being the only winner if you win.
Title: Re: Mega millions $868 million
Post by: grodnoking on October 17, 2018, 01:16:12 PM
Hmmm interesting thought, not sure I agree but not a bad svara.
What's the reason everyone calls their old rebbaim before YK? Because we hope G-D will spare us based on the fact it'll hurt our rebbi.
So to here, we hope G-D wants one of the members in the group to win, and we'll win too.
Title: Re: Mega millions $868 million
Post by: shapsam on October 17, 2018, 01:27:37 PM
Pick your own to increase your odds of being the only winner if you win.
how does that increase the odds of being the only winner?
Title: Re: Mega millions $868 million
Post by: 12HRS on October 17, 2018, 01:28:06 PM
What's the reason everyone calls their old rebbaim before YK? Because we hope G-D will spare us based on the fact it'll hurt our rebbi.
So to here, we hope G-D wants one of the members in the group to win, and we'll win too.

what if one person joins who Hashem does not want to win?
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 17, 2018, 01:30:04 PM
how does that increase the odds of being the only winner?
Many people pick days on the month and months for their numbers. Birthdays and the like. Stay away from those numbers.
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 17, 2018, 03:25:41 PM
Many people pick days on the month and months for their numbers. Birthdays and the like. Stay away from those numbers.
Good point but if hashem doesnít want anyone to pick their birthday no one will pick their birthday
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 17, 2018, 04:02:34 PM
Curious (maybe it should be a poll): If you won a large jackpot, lump-sum or annuity (technically an annuity due that pays at t=0)?

Personally, I'd take the annuity, to guarantee that no matter what happens in the market, my payments are safe for 30 years.

Also, I'm told that the interest rate the lottery pays is actually decent due to the tax treatment, as they can invest the entire principal tax-free, so the interest accrues on the full balance, vs. the lump sum option where interest only accrues on the after-tax amount.
Title: Re: Mega millions $868 million
Post by: Sport on October 17, 2018, 04:26:25 PM
Pay off a mortgage?
If your mortgage is less than 10 years old its prob Nlnot worth it, you should be able to invest and get a better return than the rate youre paying on your mortgage.
Title: Re: Mega millions $868 million
Post by: Sport on October 17, 2018, 04:28:24 PM
Curious (maybe it should be a poll): If you won a large jackpot, lump-sum or annuity (technically an annuity due that pays at t=0)?

Personally, I'd take the annuity, to guarantee that no matter what happens in the market, my payments are safe for 30 years.

Also, I'm told that the interest rate the lottery pays is actually decent due to the tax treatment, as they can invest the entire principal tax-free, so the interest accrues on the full balance, vs. the lump sum option where interest only accrues on the after-tax amount.
I always thought the payout was set ammount annually.
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 17, 2018, 04:38:16 PM
I always thought the payout was set ammount annually.
For mega it's 30 annual payments increasing by 5% each year. So the size of each payment is determined by the jackpot size.
Title: Re: Mega millions $868 million
Post by: Yammer on October 17, 2018, 04:43:03 PM
So what's the best state to buy a ticket...?
Title: Re: Mega millions $868 million
Post by: Yammer on October 17, 2018, 04:46:44 PM
Saw it change to 900mill while buying gc at stop and shop   ;D

I bet it breaks a billion before the drawing.

Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 17, 2018, 04:47:08 PM
So what's the best state to buy a ticket...?
States without income tax
Title: Re: Mega millions $868 million
Post by: Yammer on October 17, 2018, 04:47:49 PM
States without income tax
Anonymous+no income tax
Title: Re: Mega millions $868 million
Post by: yesitsme on October 17, 2018, 04:56:44 PM
Anonymous+no income tax
+Winning Numbers
Title: Re: Mega millions $868 million
Post by: Yammer on October 17, 2018, 05:55:40 PM
+Winning Numbers
Lol
Title: Re: Mega millions $868 million
Post by: ludmila on October 17, 2018, 06:17:37 PM
Does anyone pick their own numbers or does everyone do QP?
I do both.
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 17, 2018, 06:49:14 PM
States without income tax
How much do you lose when paying nycís income tax
Title: Re: Mega millions $868 million
Post by: ludmila on October 17, 2018, 07:02:25 PM
How much do you lose when paying nycís income tax
Let one win first , then worry about the tax :)
Title: Re: Mega millions $868 million
Post by: churnbabychurn on October 17, 2018, 08:11:24 PM
You pay a buck for the privilege to dream.. if that's your thing..
Title: Re: Mega millions $868 million
Post by: 12HRS on October 17, 2018, 08:12:18 PM
You pay a buck for the privilege to dream.. if that's your thing..

I can dream without paying.

Oh and its $2 now
Title: Re: Mega millions $868 million
Post by: incendia on October 17, 2018, 09:05:42 PM
I would join a group
Title: Re: Mega millions $868 million
Post by: ludmila on October 17, 2018, 09:32:12 PM
I can dream without paying.

Oh and its $2 now
It went up from $1 to $2 a long time ago.
Title: Re: Mega millions $868 million
Post by: TimT on October 17, 2018, 11:26:00 PM
Iím looking to rent me a truck for the weekend. Being a truck driver & purchasing a ticket along the highway seems to raise the chance of winning exponentially. :)
Title: Re: Mega millions $868 million
Post by: churnbabychurn on October 18, 2018, 07:41:10 AM
It went up from $1 to $2 a long time ago.
I've been out of the game for a while
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 18, 2018, 01:30:36 PM
970 Million right now.

I'm curious at what dollar amount the lottery would have a positive expected value, especially considering there are a variety of minor prizes as well. Would anyone buy more tickets if the EV > $2?
Title: Re: Mega millions $868 million
Post by: jj1000 on October 18, 2018, 01:39:34 PM
970 Million right now.

I'm curious at what dollar amount the lottery would have a positive expected value, especially considering there are a variety of minor prizes as well. Would anyone buy more tickets if the EV > $2?
If they limited it to 1 entry per number it could, but for all you know 100 other people bought the same numbers as you. So it will never make sense as an investment.
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 18, 2018, 01:43:20 PM
970 Million right now.

I'm curious at what dollar amount the lottery would have a positive expected value, especially considering there are a variety of minor prizes as well. Would anyone buy more tickets if the EV > $2?
How much does the winner get
How much goes towards taxes
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 18, 2018, 01:45:32 PM
If they limited it to 1 entry per number it could, but for all you know 100 other people bought the same numbers as you. So it will never make sense as an investment.
Statistically, there's the same chance of winning as someone picking your numbers. That is to say, the odds are small enough that one can probably factor that into the equation by projecting various amounts of tickets sold.
Title: Re: Mega millions $868 million
Post by: ludmila on October 18, 2018, 06:20:54 PM
I've been out of the game for a while
Me too, just found out when I bought some yesterday, not a regular lottery player.
Title: Re: Mega millions $868 million
Post by: Dr Moose on October 18, 2018, 06:27:15 PM
Can we change the title of the thread?
Title: Re: Mega millions $868 million
Post by: ludmila on October 18, 2018, 06:31:03 PM
Can we change the title of the thread?
To?
Title: Re: Mega millions $868 million
Post by: mochjas on October 18, 2018, 06:32:51 PM
To?
Probably the correct Jackpot amount. It is $970M now
Title: Re: Mega millions $868 million
Post by: ludmila on October 18, 2018, 06:35:28 PM
Probably the correct Jackpot amount. It is $970M now
You are making me go purchase a few more :)
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 18, 2018, 10:00:54 PM
Can we change the title of the thread?
Sure how do I do that?
Title: Re: Mega millions $868 million
Post by: justaregularguy on October 19, 2018, 12:55:08 AM
Curious (maybe it should be a poll): If you won a large jackpot, lump-sum or annuity (technically an annuity due that pays at t=0)?

Personally, I'd take the annuity, to guarantee that no matter what happens in the market, my payments are safe for 30 years.

Also, I'm told that the interest rate the lottery pays is actually decent due to the tax treatment, as they can invest the entire principal tax-free, so the interest accrues on the full balance, vs. the lump sum option where interest only accrues on the after-tax amount.
a lot of the people buying lottery tickets arenít exactly making the best economical decision to begin with so if they won they may not know how to handle such large amounts, yet they want to see a lot of money at once and not have to wait all those yrs.

on the other hand canít you invest your winnings at a much better rate than what the lottery can give you? Why not just put all of it into investments?
Title: Re: Mega millions $868 million
Post by: churnbabychurn on October 19, 2018, 04:17:00 AM
a lot of the people buying lottery tickets arenít exactly making the best economical decision to begin with so if they won they may not know how to handle such large amounts, yet they want to see a lot of money at once and not have to wait all those yrs.

on the other hand canít you invest your winnings at a much better rate than what the lottery can give you? Why not just put all of it into investments?
Of course you can invest at a better rate. I take the lump sum every time.
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 19, 2018, 07:07:04 AM
Of course you can invest at a better rate. I take the lump sum every time.
You can invest at a better rate, however the lottery is the equivalent of investing in risk free bonds and seemingly pays a better rate that buying treasuries.
Title: Re: Mega millions $868 million
Post by: ExGingi on October 19, 2018, 08:01:56 AM
Of course you can invest at a better rate. I take the lump sum every time.
Wow. How many times have you won the lottery that you can state that you take the lump sum every time?
Title: Re: Mega millions $868 million
Post by: churnbabychurn on October 19, 2018, 08:04:51 AM
You can invest at a better rate, however the lottery is the equivalent of investing in risk free bonds and seemingly pays a better rate that buying treasuries.
Why put hundreds of million in treasuries?
Title: Re: Mega millions $868 million
Post by: grodnoking on October 19, 2018, 08:18:25 AM
Why put hundreds of million in treasuries?
Risk Free, would be similar investment to what the lottery does.
Title: Re: Mega millions $868 million
Post by: ExGingi on October 19, 2018, 08:36:37 AM
Why put hundreds of million in treasuries?
That's what a lot of the smart money does.

Why take any risk if you can get all the income you need risk free?

Did you ever read Richard Russell's Rich Man Poor Man piece?
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 19, 2018, 09:15:29 AM
What time do they draw it?
Title: Re: Mega millions $868 million
Post by: grodnoking on October 19, 2018, 09:20:44 AM
What time do they draw it?
Friday 11pm
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 09:23:49 AM
a lot of the people buying lottery tickets arenít exactly making the best economical decision to begin with so if they won they may not know how to handle such large amounts,
Please keep the racist comments in the political thread.  :)
Title: Re: Mega millions $868 million
Post by: avromie7 on October 19, 2018, 09:31:16 AM
Please keep the racist comments in the political thread.  :)
Here comes the racist who assumes that all those who make bad financial decisions are from a specific race.
Title: Re: Mega millions $868 million
Post by: LETSGOCUSTOM on October 19, 2018, 09:36:16 AM
Did it hit a billion yet?
Title: Re: Mega millions $868 million
Post by: Dr Moose on October 19, 2018, 09:48:12 AM
If I won the lottery ....


... I would write a book about my journey and make even more money!
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 09:49:02 AM
Here comes the racist who assumes that all those who make bad financial decisions are from a specific race.
Wow is that a plane flying over your head?
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 09:50:41 AM
Did it hit a billion yet?
Not officially yet.
Title: Re: Mega millions $868 million
Post by: Zevi16 on October 19, 2018, 09:54:38 AM
For some reason I feel that every story of a winner is how he chose to put his kids birthdays as the numbers or some other string of numbers. You never really hear that they did a quick pick.
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 10:00:31 AM
For some reason I feel that every story of a winner is how he chose to put his kids birthdays as the numbers or some other string of numbers. You never really hear that they did a quick pick.
You tell me the winning numbers and I will tell you if there will be a birthday story.
Title: Mega millions $868 million
Post by: Zevi16 on October 19, 2018, 10:01:36 AM
You tell me the winning numbers and I will tell you if there will be a birthday story.
11 18 33 37 44 49
Title: Re: Mega millions $868 million
Post by: shaulyaakov on October 19, 2018, 10:03:28 AM
11 18 33 44 49

Well, you're a number short.
Title: Re: Mega millions $868 million
Post by: Zevi16 on October 19, 2018, 10:04:03 AM
Well, you're a number short.
Edited
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 10:05:58 AM
11 18 33 37 44 49
No.
Title: Re: Mega millions $868 million
Post by: ushdadude on October 19, 2018, 10:26:17 AM
If I won the lottery ....


... I would write a book about my journey and make even more money!


My journey by Dr . Moose:


I was driving to the store really really fast and got pulled over. When I eventually got to the store I bought a lottery ticket . It won .


The end
Title: Re: Mega millions $868 million
Post by: Dr Moose on October 19, 2018, 10:27:45 AM

My journey by Dr . Moose:


I was driving to the store really really fast and got pulled over. When I eventually got to the store I bought a lottery ticket . It won .


The end
Title: Re: Mega millions $868 million
Post by: Yammer on October 19, 2018, 11:15:48 AM

My journey by Dr . Moose:


I was driving to the store really really fast and got pulled over. When I eventually got to the store I bought a lottery ticket . It won .


The end
ALOL

@Luebob @somethingsfishy
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 11:56:56 AM
I should point out that my FAX service is available for this.  :)
Title: Re: Mega millions $868 million
Post by: mochjas on October 19, 2018, 12:06:06 PM
I should point out that my FAX service is available for this.  :)
10% of winnings?
Title: Re: Mega millions $868 million
Post by: noturbizniss on October 19, 2018, 12:30:24 PM
this post constitutes legal and binding confirmation that i am a part of any DDF lotto purchase and should and DDF group win i get an equal share. If my name is not on your list it is because you dislike me personally and intentionally excluded me and i will be filing lawsuits against any and all winners and hold winnings up in court until the day we all die, so don't play any games. You know that i have paid my share!
Title: Re: Mega millions $1BB
Post by: jj1000 on October 19, 2018, 12:34:52 PM
I'm selling lottery tickets bought in FL.

$4/ticket. This will literally save you MILLIONS!!!
Title: Re: Mega millions $1BB
Post by: mochjas on October 19, 2018, 12:38:23 PM
I'm selling lottery tickets bought in FL.

$4/ticket. This will literally save you MILLIONS!!!
If you are serious I am definitely interested
Title: Re: Mega millions $1BB
Post by: jj1000 on October 19, 2018, 12:39:31 PM
If you are serious I am definitely interested
Sure, but you'd be crazy to take me up on it.
Title: Re: Mega millions $1BB
Post by: Dan on October 19, 2018, 12:43:48 PM
I'm selling lottery tickets bought in FL.

$4/ticket. This will literally save you MILLIONS!!!
Isn't is based on residence?
Also, I'd rather be anon than save millions.
Title: Re: Mega millions $1BB
Post by: ChaimMoskowitz on October 19, 2018, 12:47:13 PM
Isn't is based on residence?
Your state of residence will get theirs.
Title: Re: Mega millions $868 million
Post by: ChaimMoskowitz on October 19, 2018, 12:48:02 PM
10% of winnings?
I don't price gouge. Standard $1 per page.  :)
Title: Re: Mega millions $1BB
Post by: shaulyaakov on October 19, 2018, 01:01:46 PM
Even if you can't be anon there was recently a case about this and I think you can open a trust and appoint any lawyer as the admin of it to accept on your behalf.
Title: Re: Mega millions $1BB
Post by: TimT on October 19, 2018, 02:00:42 PM
Even if you can't be anon there was recently a case about this and I think you can open a trust and appoint any lawyer as the admin of it to accept on your behalf.
Problem was she signed her name on the ticket
Title: Re: Mega millions $1BB
Post by: mochjas on October 19, 2018, 02:17:16 PM
I am making a DDF group for $20 a spot 20 people Max please PM if interested
Title: Re: Mega millions $1BB
Post by: Cholentfresser on October 19, 2018, 02:21:29 PM
I am making a DDF group for $20 a spot 20 people Max please PM if interested
How many tickets?
Title: Re: Mega millions $1BB
Post by: mochjas on October 19, 2018, 02:22:31 PM
How many tickets?
20/2=10 * 20= 200 tickets
Title: Re: Mega millions $1BB
Post by: Dawie on October 19, 2018, 02:28:00 PM
Your state of residence will get theirs.
and if you wait till 1/1/19 to cash then establish residence in a no tax state?
Title: Re: Mega millions $868 million
Post by: 12HRS on October 19, 2018, 02:44:23 PM
11 18 33 37 44 49

would be insanity if this ended up being the correct numbers
Title: Re: Mega millions $868 million
Post by: Zevi16 on October 19, 2018, 02:45:18 PM
would be insanity if this ended up being the correct numbers
Cm will give 25m
Title: Re: Mega millions $1BB
Post by: noturbizniss on October 19, 2018, 03:02:23 PM
Can i buy tickets through the lakewood shul raffle 3? They seem to run a super tight and organized ship for these kinds of things
Title: Re: Mega millions $1BB
Post by: aro123 on October 19, 2018, 03:14:03 PM
I don't price gouge. Standard $1 per page.  :)
can I give you my numbers and you only fax me if I win?
Title: Re: Mega millions $1BB
Post by: ChaimMoskowitz on October 19, 2018, 03:21:02 PM
can I give you my numbers and you only fax me if I win?
Sure but I have been know to play tricks.  :)
Title: Re: Mega millions $868 million
Post by: TimT on October 19, 2018, 03:23:04 PM
I should point out that my FAX service is available for this.  :)
Even if you win ?
Title: Re: Mega millions $1BB
Post by: Dan on October 19, 2018, 03:23:36 PM
I should point out that my FAX service is available for this.  :)
"Subject: DO NOT FAX ME!!!!
Title: Re: Mega millions $1BB
Post by: yesitsme on October 19, 2018, 03:31:14 PM
Can i buy tickets through the lakewood shul raffle 3? They seem to run a super tight and organized ship for these kinds of things
Lo samiod al dam rayacho
Title: Re: Mega millions $1BB
Post by: aro123 on October 19, 2018, 03:58:41 PM
Sure but I have been know to play tricks.  :)
us Jews worked it out that we get an extra 24 hours to dream for the same  $2
why waste an extra  $1 to lose that...
Title: Re: Mega millions $1B
Post by: ExGingi on October 19, 2018, 04:19:04 PM
Since when is BB used to indicate Billion?

K = thousand.
MM = Million (reason for double M is that M can also be used to signify thousand, as in MMXVIII for 2018).
B = Billion.
T = Trillion.

Please fix thread title!
Title: Re: Mega millions $1BB
Post by: Eliyohu on October 19, 2018, 04:21:34 PM
.
Title: Re: Mega millions $1BB
Post by: Dan on October 19, 2018, 04:24:47 PM
Since when is BB used to indicate Billion?

K = thousand.
MM = Million (reason for double M is that M can also be used to signify thousand, as in MMXVIII for 2018).
B = Billion.
T = Trillion.

Please fix thread title!
https://books.google.com/books?id=cy1Y0S-qdNoC&pg=PA81&lpg=PA81&dq=bb+for+billion&source=bl&ots=UrD2Mum2qA&sig=q4w93Wigj4NpWS3oyVq_iDuhgIY&hl=en&sa=X&ved=2ahUKEwjGv5v0qpPeAhXPrFMKHRt1Bqg4ChDoATANegQIABAB#v=onepage&q=bb%20for%20billion&f=false
Title: Re: Mega millions $1BB
Post by: aygart on October 19, 2018, 04:36:50 PM
Since when is BB used to indicate Billion?

K = thousand.
MM = Million (reason for double M is that M can also be used to signify thousand, as in MMXVIII for 2018).
B = Billion.
T = Trillion.

Please fix thread title!

It is for billions and billions
Title: Re: Mega millions $1BB
Post by: Yammer on October 19, 2018, 05:30:34 PM
Isn't is based on residence?
Also, I'd rather be anon than save millions.
Don't think NY let's anonymous claims
Title: Re: Mega millions $1BB
Post by: Dan on October 19, 2018, 05:31:03 PM
Don't think NY let's anonymous claims
Good thing I don't live in NY.
Title: Re: Mega millions $1BB
Post by: mochjas on October 19, 2018, 05:32:49 PM
Good luck to the DDF groups. Hopefully DDF will get a major upgrade on Sunday.
Title: Re: Mega millions $1BB
Post by: ChaimMoskowitz on October 19, 2018, 05:34:31 PM
I hope Dan wins. Would love to see the comments telling him what he should do with the winnings.  :)
Title: Re: Mega millions $1BB
Post by: Yammer on October 19, 2018, 05:35:03 PM

Problem was she signed her name on the ticket

If she hadn't, the lawyers would probably have just walked off with it...


and if you wait till 1/1/19 to cash then establish residence in a no tax state?

I was thinking the same thing, but I wonder if it works
Title: Re: Mega millions $1BB
Post by: mochjas on October 19, 2018, 06:02:33 PM
I hope Dan wins. Would love to see the comments telling him what he should do with the winnings.  :)
im pulling for @jj1000
Title: Re: Mega millions $1BB
Post by: grodnoking on October 20, 2018, 12:39:36 PM
Roll over! No winner!
Do I need to buy a new ticket to win the next draw?
Title: Re: Mega millions $1BB
Post by: LETSGOCUSTOM on October 20, 2018, 12:44:24 PM
Pretty sure you do
Title: Re: Mega millions $1BB
Post by: eli1571 on October 20, 2018, 05:35:43 PM
Any way to buy a ticket online ?
Title: Re: Mega millions $1BB
Post by: ChaimMoskowitz on October 20, 2018, 05:44:28 PM
If you are a resident of Georgia, Illinois, Kentucky, Michigan, North Carolina or North Dakota, you may buy Mega Millions tickets online by registering with the lotteries of those states. You may also purchase subscriptions for Mega Millions online in New Hampshire, New York and Virginia. You must be residents of these states to participate in these purchase options. Details may be found on those lotteries' websites.
Title: Re: Mega millions $1BB
Post by: eli1571 on October 20, 2018, 05:50:14 PM
If you are a resident of Georgia, Illinois, Kentucky, Michigan, North Carolina or North Dakota, you may buy Mega Millions tickets online by registering with the lotteries of those states. You may also purchase subscriptions for Mega Millions online in New Hampshire, New York and Virginia. You must be residents of these states to participate in these purchase options. Details may be found on those lotteries' websites.
I'm not, and don't want to subscribe. So i guess only option is to ask someone to buy one for me
Title: Re: Mega millions $1BB
Post by: ShlockDoc on October 20, 2018, 08:32:40 PM
I'm not, and don't want to subscribe. So i guess only option is to ask someone to buy one for me

I'm in a state that allows online buying.  So easy to just buy a subscription and not worry about it.   
Title: Re: Mega millions $868 million
Post by: ExGingi on October 20, 2018, 09:03:37 PM
Of course you can invest at a better rate. I take the lump sum every time.
So better take the lump sum and pay high NE taxes, than take the annuity and avoid state and local taxes on future payments, for the chance that you might do better?
Title: Re: Mega millions $1.6BB
Post by: Dan on October 20, 2018, 09:09:34 PM
What is the interest rate that they're paying on the annuity?
Title: Re: Mega millions $1.6BB
Post by: chinagel on October 20, 2018, 09:31:14 PM
What is the interest rate that they're paying on the annuity?
i think 5%. not sure how its not worth it.
Title: Re: Mega millions $1.6BB
Post by: Dan on October 20, 2018, 09:36:18 PM
i think 5%. not sure how its not worth it.
Any source?
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 20, 2018, 09:52:01 PM
Any source?
You could do the math. It's a 29 yr annuity with payments increasing by 5% plus an upfront payment.
Title: Re: Mega millions $1.6BB
Post by: shapsam on October 20, 2018, 10:42:20 PM
i think 5%. not sure how its not worth it.
Is it possible for it to go bankrupt?
Title: Re: Mega millions $1.6BB
Post by: jj1000 on October 21, 2018, 12:02:30 AM
I'm selling lottery tickets bought in FL.

$4/ticket. This will literally save you MILLIONS!!!
This will now save you even more!!!

Still available.
Title: Re: Mega millions $1.6BB
Post by: chinagel on October 21, 2018, 01:52:48 PM
Any source?
my mistake, payments increase by 5%, but its not interest.
http://www.megamillions.com/difference-between-cash-value-and-annuity
Title: Re: Mega millions $1.6BB
Post by: Dan on October 21, 2018, 01:53:19 PM
my mistake, payments increase by 5%, but its not interest.
http://www.megamillions.com/difference-between-cash-value-and-annuity
Hence my question.
@EJB  @farmbochur
Title: Re: Mega millions $1.6BB
Post by: yesitsme on October 21, 2018, 01:59:13 PM
The site you tried to visit belongs to a category that your computer is set to block.
www.megamillions.com/difference-between-cash-value-and-annui... is blocked because it is currently categorized as: Gambling :-X :-X
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 21, 2018, 02:06:37 PM
The site you tried to visit belongs to a category that your computer is set to block.
www.megamillions.com/difference-between-cash-value-and-annui... is blocked because it is currently categorized as: Gambling :-X :-X
Difference Between Cash Value and Annuity

If you win a Mega Millions jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information.

Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one. This helps protect winnersí lifestyle and purchasing power in periods of inflation.
For a typical jackpot of $100 million, the initial payment would be about $1.5 million, and future annual payments would grow to about $6.2 million.
When the jackpot is $200 million, each payment is twice as big. When the jackpot is $50 million, each payment is half as big, etc.

Cash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool.
Title: Re: Mega millions $1.6BB
Post by: yelped on October 21, 2018, 02:34:17 PM
This will now save you even more!!!

Still available.
Assuming the person moves to FL and claims after January 1, 2019? Because otherwise the winner will have to pay taxes to state of residence.
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 21, 2018, 04:48:56 PM
Anyone down for a group buying so we can increase our chances
What would you do with a million dollars ?
Do I get a hat 🎩 tip 🤗?
https://www.dansdeals.com/miscellaneous/mega-millions-now-mega-billion-will-buy-ticket-winnings/
Title: Re: Mega millions $1.6BB
Post by: farmbochur on October 21, 2018, 05:25:22 PM
Hence my question.
@EJB  @farmbochur
just under 3.45% by my calculation
Title: Re: Mega millions $1.6BB
Post by: farmbochur on October 21, 2018, 05:27:45 PM
Blue cells are input and can be modified

Black font cells are formula based and shouldn't be modified

Green cells are output and shouldn't be modified
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 21, 2018, 05:41:11 PM
Do I get a hat 🎩 tip 🤗?
https://www.dansdeals.com/miscellaneous/mega-millions-now-mega-billion-will-buy-ticket-winnings/
yes if not for you posting no one would have ever known about it
Title: Re: Mega millions $1.6BB
Post by: churnbabychurn on October 21, 2018, 06:24:21 PM
my mistake, payments increase by 5%, but its not interest.
http://www.megamillions.com/difference-between-cash-value-and-annuity
So of course cash option. Right?
Title: Re: Mega millions $1.6BB
Post by: EJB on October 21, 2018, 09:33:11 PM
Hence my question.
@EJB  @farmbochur

I'd take the lump sum and invest it unless you're concerned about money management and blowing through the money quickly. The rate of return is low in the annuity option. You can make more yourself.
Title: Re: Mega millions $1.6BB
Post by: yesitsme on October 21, 2018, 09:51:07 PM
Guys keep it cool one step at a time first lets see someone should win, and the winner should be a ddfer, and of course yesitsme, then w'll argue how to deal with it. in the meantime there's no winner let alone ddfer.
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 21, 2018, 09:56:06 PM
Guys keep it cool one step at a time first lets see someone should win, and the winner should be a ddfer, and of course yesitsme, then w'll argue how to deal with it. in the meantime there's no winner let alone ddfer.
Can I change my nic to noitsme?
Title: Re: Mega millions $1.6BB
Post by: gingyguy on October 21, 2018, 10:06:55 PM
Can I change my nic to noitsme?
Which Gender would you use?
Title: Re: Mega millions $1.6BB
Post by: Dan on October 21, 2018, 10:11:34 PM
I'd take the lump sum and invest it unless you're concerned about money management and blowing through the money quickly. The rate of return is low in the annuity option. You can make more yourself.
Where can you make more than 3.5% with zero risk?
Also don't forget to factor than the annuity option gives you time to move to a no income tax state.
Title: Re: Mega millions $1.6BB
Post by: yesitsme on October 21, 2018, 10:18:41 PM
Which Gender would you use?
Both

(https://forums.dansdeals.com/index.php?action=dlattach;topic=94003.0;attach=28722;image)
Where can I get a scale? i'm afraid its 50/50
How about non of above, Crazy

Title: Re: Mega millions $1.6BB
Post by: EJB on October 21, 2018, 10:23:00 PM
Where can you make more than 3.5% with zero risk?
Also don't forget to factor than the annuity option gives you time to move to a no income tax state.

1. If you have that kind of money you'd be stupid to invest it all in high quality bonds (though there definitely are ways to get 30 year rates of around that amount with similar amounts of risk). You should be investing in a more diversified way. You have options with the lump sum. Though again - if you aren't disciplined enough to save and invest wisely, the annuity is a safer option.
2. Are you sure that's true? I'm pretty sure you'd pay taxes to the state you purchased the ticket in regardless of where you move to. What you're saying may work out if you buy lottery tickets from states like DE, but most of us don't travel to buy tickets so that if we win we'd save 8%.
Title: Re: Mega millions $1.6BB
Post by: Dan on October 21, 2018, 10:26:52 PM
1. If you have that kind of money you'd be stupid to invest it all in high quality bonds (though there definitely are ways to get 30 year rates of around that amount with similar amounts of risk). You should be investing in a more diversified way. You have options with the lump sum. Though again - if you aren't disciplined enough to save and invest wisely, the annuity is a safer option.
2. Are you sure that's true? I'm pretty sure you'd pay taxes to the state you purchased the ticket in regardless of where you move to. What you're saying may work out if you buy lottery tickets from states like DE, but most of us don't travel to buy tickets so that if we win we'd save 8%.

First of all, it should go by where you live, not where you buy it.
Second of all, why would you pay taxes on future earnings from a annuity to where you bought the ticket or where you live now? The first payment might go to NY if you live there, but if you move to FL next year why wouldn't the next 29 payments be state tax free?
Title: Re: Mega millions $1.6BB
Post by: EJB on October 21, 2018, 10:31:14 PM
First of all, it should go by where you live, not where you buy it.
Second of all, why would you pay taxes on future earnings from a annuity to where you bought the ticket or where you live now? The first payment might go to NY if you live there, but if you move to FL next year why wouldn't the next 29 payments be state tax free?

1. Check on that. I dont think that's true. I think it's first based on where you earn the income, which is the state listed on the ticket. Of course you could also have to pay taxes in your own state as well, but moving could alleviate that burden.
2. Again, I don't think this is correct. Are you saying that based on your knowledge of taxes or based on your intuition?
Title: Re: Mega millions $1.6BB
Post by: EJB on October 21, 2018, 10:43:55 PM
Of course speak to a tax professional if this becomes relevant to you, and I suspect not all states handle this the same way, but:

https://www.tax.ny.gov/pdf/publications/income/pub140w.pdf

Quote
Q: I won a prize in a New York State Lottery drawing that was held while I was a resident of
New York State. I moved out of New York State before I claimed my prize. Later that same
year, I came back to New York State just to claim my prize payment. How does my change
from a resident to a nonresident affect my New York State income tax obligation with respect to
the lottery prize payment that I received as a nonresident? Do I still have to pay New York State
taxes?

A: When you change your status from a resident of New York State to a nonresident of
New York State and are entitled to receive a prize payment from a lottery prize won while
you were a resident, you must pay New York State income tax on the payment(s) you are
entitled to receive, even if the prize payment is received during the nonresident period of your
tax year. As a part-year New York State resident, you must file Form IT-203, Nonresident and
Part-Year Resident Income Tax Return, and include in New York source income the amount of
the prize payment received.
Title: Re: Mega millions $1.6BB
Post by: EJB on October 21, 2018, 10:46:30 PM
Of course speak to a tax professional if this becomes relevant to you, and I suspect not all states handle this the same way, but:

https://www.tax.ny.gov/pdf/publications/income/pub140w.pdf

Note that it doesn't make a difference if you claim the prize after you move. Also, the kicker is you have to pay NYC tax if you were a resident of NYC when you were entitled to the prize even if you move afterward. So if you think you may win, try to make an argument that you actually changed residency right before purchasing the ticket. Maybe they'll buy the argument that your purchase was "al minas" that you would change residency limafreia after you win.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 21, 2018, 10:48:16 PM
Note that it doesn't make a difference if you claim the prize after you move. Also, the kicker is you have to pay NYC tax if you were a resident of NYC when you were entitled to the prize even if you move afterward. So if you think you may win, try to make an argument that you actually changed residency right before purchasing the ticket. Maybe they'll buy the argument that your purchase was "al minas" that you would change residency limafreia after you win.
Your link doesn't talk about future payments in years where you had no residency - only payments in years you lived at least partially in NY.
Title: Re: Mega millions $1.6BB
Post by: EJB on October 21, 2018, 11:07:06 PM
Your link doesn't talk about future payments in years where you had no residency - only payments in years you lived at least partially in NY.

Here's one explicit line (referring to after you move out of NYS):
Quote
In the case of a prize that is payable in installments, you must file Form IT-203 for each future tax
year that you receive an installment payment.
Title: Re: Mega millions $1.6BB
Post by: ludmila on October 22, 2018, 01:39:37 AM
First win  :)then worry about taxes.
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 04:11:40 AM
First win  :)then worry about taxes.
seriously
Title: Re: Mega millions $1.6BB
Post by: churnbabychurn on October 22, 2018, 07:03:50 AM
First win  :)then worry about taxes.
Nah, if I won I wondn't worry about anything. I'd pay a big firm to handle it and leave me alone.
Title: Re: Mega millions $1BB
Post by: mochjas on October 22, 2018, 08:37:31 AM
I am making a DDF group for $20 a spot 20 people Max please PM if interested
doing this again. Buying tickets tonight please PM if interested
Title: Re: Mega millions $1.6BB
Post by: Dan on October 22, 2018, 08:42:35 AM
I'll join a group of 10 or 20 where everyone splits one ticket :)
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 08:49:09 AM
I'll join a group of 10 or 20 where everyone splits one ticket :)
I think you should buy a ticket for the people with Top 10 Hts to split if you win
Title: Re: Mega millions $1.6BB
Post by: TimT on October 22, 2018, 08:54:33 AM
I think you should buy a ticket for the people with Top 10 Hts to split if you win
They've already been rewarded :)
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 08:57:25 AM
They've already been rewarded :)
this will be like the DOs
Title: Re: Mega millions $1.6BB
Post by: aygart on October 22, 2018, 11:43:31 AM
I'll join a group of 10 or 20 where everyone splits one ticket :)
You want to lose that many friends?
Title: Re: Mega millions $1.6BB
Post by: shapsam on October 22, 2018, 01:46:29 PM
Apparently there's someone in NYC selling tickets from Delaware (can stay anon and there's no tax). Anyone have any more info?
Title: Re: Mega millions $1.6BB
Post by: skyguy918 on October 22, 2018, 01:52:10 PM
just under 3.45% by my calculation
Which BTW is slightly above market rate for a (normal size) 30 year fixed period annuity.
Title: Re: Mega millions $1.6BB
Post by: luckyluck on October 22, 2018, 02:03:28 PM
https://www.wral.com/ohio-lottery-players-have-new-digital-option-for-mega-millions-jackpot/17937837/

@Dan
Title: Re: Mega millions $1BB
Post by: mochjas on October 22, 2018, 05:57:12 PM
I am making a DDF group for $20 a spot 20 people Max please PM if interested
Buying tonight we have 6 confirmed I would like to get 10 more please pm if interested
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 22, 2018, 06:02:03 PM
Buying tonight we have 6 confirmed I would like to get 10 more please pm if interested
I'd rather have a 1 in 302 mil chance of winning on my own than a 20 in 302 but have to coordinate with other people if we win.
Title: Re: Mega millions $1.6BB
Post by: TimT on October 22, 2018, 06:23:33 PM
I'd rather have a 1 in 302 mil chance of winning on my own than a 20 in 302 but have to coordinate with other people if we win.
Lets see you say that after the group wins :)
Title: Re: Mega millions $1.6BB
Post by: MosheD on October 22, 2018, 06:24:20 PM
I'd rather have a 1 in 302 mil chance of winning on my own than a 20 in 302 but have to coordinate with other people if we win.
They say after you win the lotto you have no friends. At least if you win with friends you are all in same boat
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 06:37:19 PM
I'd rather have a 1 in 302 mil chance of winning on my own than a 20 in 302 but have to coordinate with other people if we win.
you can do both
Title: Re: Mega millions $1.6BB
Post by: aygart on October 22, 2018, 07:48:08 PM
They say after you win the lotto you have no friends. At least if you win with friends you are all in same boat
If you win with friends they are likely to become enemies.
Title: Re: Mega millions $1.6BB
Post by: ludmila on October 22, 2018, 08:09:12 PM
Which Lottery Has The Best Jackpot Odds?
Odds of Winning Jackpot
EuroMillions   1 : 139,838,160
PowerBall (US)   1 : 292,201,338
MegaMillions (US)   1 : 302,575,350
SuperEnaLotto (Italy)   1 : 622,614,630

7 time lottery winner Lustig says--- a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the "quick-pick" ticket option
Title: Re: Mega millions $1.6BB
Post by: Yammer on October 22, 2018, 08:25:42 PM
They say after you win the lotto you have no friends. At least if you win with friends you are all in same boat
Lol
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 08:28:54 PM

7 time lottery winner Lustig says--- a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the "quick-pick" ticket option
why?
Title: Re: Mega millions $1.6BB
Post by: churnbabychurn on October 22, 2018, 08:47:18 PM
why?
And who's lustig?
Title: Re: Mega millions $1.6BB
Post by: EJB on October 22, 2018, 09:00:39 PM
And who's lustig?

He won a few antarctica raffles
Title: Re: Mega millions $1.6BB
Post by: mmgfarb on October 22, 2018, 09:02:16 PM
7 time lottery winner Lustig says--- a guaranteed way to increase your chances of winning the lottery is simply by picking your own numbers versus using the "quick-pick" ticket option
That doesn't make any sense.
Title: Re: Mega millions $1.6BB
Post by: Sammyonetwo on October 22, 2018, 09:07:21 PM
It probably helps that less people will have your tix because the cumputer can spit out a lot of the same number
Title: Re: Mega millions $1.6BB
Post by: TimT on October 22, 2018, 09:10:42 PM
But would still be the same 1 in 302 million chance
Title: Re: Mega millions $1BB
Post by: mochjas on October 22, 2018, 09:12:19 PM
Buying tonight we have 6 confirmed I would like to get 10 more please pm if interested
we are up to 8. Deadline extended gonna buy them tomorrow if anyone else wants in please Pm.

In case it wasn't clear we are buying 10 tickets per person in the pool.
Title: Re: Mega millions $1.6BB
Post by: Dan on October 22, 2018, 09:42:30 PM
https://www.instagram.com/p/BpPfhyQhC_R/
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 09:53:17 PM
https://www.instagram.com/p/BpPfhyQhC_R/
if I had a nickel for every time someone posted that video I would not need to win the lottery!
Title: Re: Mega millions $1.6BB
Post by: Dan on October 22, 2018, 09:56:19 PM
if I had a nickel for every time someone posted that video I would not need the money to buy 200 lottery tickets
Ftfy ;)
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 22, 2018, 10:13:15 PM
Ftfy ;)
whatever we are at 9. If anyone wants to complete the minyan let me know
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 22, 2018, 11:33:32 PM
If anyone wants to complete the minyan let me know
This one I can handle.  :)
Title: Re: Mega millions $1.6BB
Post by: Zevi16 on October 23, 2018, 12:00:11 AM
I'll join a group of 10 or 20 where everyone splits one ticket :)
Iím in for that. One ticket only. But everyone that joins has to commit to not buying any other ticket
Title: Re: Mega millions $1.6BB
Post by: nafnaf12 on October 23, 2018, 12:05:22 AM
Iím in for that. One ticket only. But everyone that joins has to commit to not buying any other ticket
in as well
Title: Re: Mega millions $1.6BB
Post by: ExGingi on October 23, 2018, 12:43:46 AM
I'll join a group of 10 or 20 where everyone splits one ticket :)
Same here.
Title: Re: Mega millions $1.6BB
Post by: yelped on October 23, 2018, 12:49:10 AM
Same here. I would pay the extra dollar to get a more significant prize in the more likely event we win one of the smaller prizes.
Title: Mega millions $1.6BB
Post by: Zevi16 on October 23, 2018, 01:10:43 AM
Same here.
I'll join a group of 10 or 20 where everyone splits one ticket :)
in as well

Looks like there is 4 of us. We at .50 each

Edit: actually I canít join. I gave someone 3 dollars the other day and he said he is buying lotteries for a bunch of guys. I have no idea what he was saying but I said go for it.
If I can still join Iíll be part of this one.
Title: Re: Mega millions $1.6BB
Post by: farmbochur on October 23, 2018, 01:14:41 AM
I'll join a group of 10 or 20 where everyone splits one ticket :)
אין לדבר סוף...

Why not just accept the fact that lotteries are a silly waste of money and sit it out all together?
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 23, 2018, 02:15:05 AM
Same here.
Iím in
Title: Re: Mega millions $1.6BB
Post by: myi on October 23, 2018, 02:49:47 AM
If you need some more partners you can count me in.
Title: Re: Mega millions $1.6BB
Post by: ExGingi on October 23, 2018, 03:26:36 AM
אין לדבר סוף...

Why not just accept the fact that lotteries are a silly waste of money and sit it out all together?
Buying one ticket for a group pools the ďמזל" of all participants.
Title: Re: Mega millions $868 million
Post by: myi on October 23, 2018, 03:29:33 AM
It went up from $1 to $2 a long time ago.
A really long time ago, which wasnt even a year yet.
 Believe it or not I did not know that the mega million went up to $2 untill skimming through this thread.

On October 28, 2017, the price of a Mega Millions play doubled, to $2; the first drawing under the current price point was October 31, 2017. The Mega Millions double matrix changed, from 5/75 + 1/15 to the current 5/70 + 1/25.
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 06:35:33 AM
Buying one ticket for a group pools the ďמזל" of all participants.
and vice versa as well
Title: Re: Mega millions $1.6BB
Post by: grodnoking on October 23, 2018, 06:58:40 AM
Buying one ticket for a group pools the ďמזל" of all participants.
+1
Title: Re: Mega millions $1.6BB
Post by: farmbochur on October 23, 2018, 07:54:35 AM
Buying one ticket for a group pools the ďמזל" of all participants.
For better or for worse? You screening entrants?
Title: Re: Mega millions $1.6BB
Post by: grodnoking on October 23, 2018, 08:17:10 AM
For better or for worse? You screening entrants?
They'll just add me and they should be good.
Title: Re: Mega millions $1.6BB
Post by: yelped on October 23, 2018, 08:38:41 AM
For better or for worse? You screening entrants?
חלבנה accepted as well. Lets get this rolling. Anyone here in an anonymous state?
Title: Re: Mega millions $1.6BB
Post by: sky121 on October 23, 2018, 08:40:58 AM
Same here.
+1
Title: Re: Mega millions $1.6BB
Post by: Zevi16 on October 23, 2018, 08:51:04 AM
Ok who wants to arrange?
Seems like we have 10 people.
Title: Re: Mega millions $1.6BB
Post by: yelped on October 23, 2018, 09:41:24 AM
Anyone here in an anonymous state?
Or at least a low/no tax state? So those in a low/no tax state don't have to pay extra taxes to a high tax state?
Title: Re: Mega millions $1.6BB
Post by: CHEAPAVEDA on October 23, 2018, 11:55:21 AM
Buying one ticket for a group pools the ďמזל" of all participants.

I would like to participant as well. Please let me know what I need to do. Thanks!
Title: Re: Mega millions $1.6BB
Post by: chinagel on October 23, 2018, 12:16:32 PM
why is the jackpot not going up based on ticket purchases?
Title: Re: Mega millions $1.6BB
Post by: ExGingi on October 23, 2018, 12:34:18 PM
why is the jackpot not going up based on ticket purchases?
The sales are already factored in.
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 23, 2018, 01:23:48 PM
What time is the drawing
Title: Re: Mega millions $1.6BB
Post by: TimT on October 23, 2018, 01:28:22 PM
What time is the drawing
11PM ET
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 23, 2018, 01:54:38 PM
Tnx
Anyone know the chances that no one wins again
Title: Re: Mega millions $1.6BB
Post by: Sport on October 23, 2018, 02:03:19 PM
Tnx
Anyone know the chances that no one wins again
Approx 25%
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 23, 2018, 02:19:41 PM
Approx 25%
Depends on the amount of tickets sold but more around 39% (10/19 drawing).
Title: Re: Mega millions $1.6BB
Post by: 12HRS on October 23, 2018, 03:05:19 PM
Depends on the amount of tickets sold but more around 39% (10/19 drawing).

Is that because assumption of duplicates?
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 23, 2018, 03:21:38 PM
Is that because assumption of duplicates?
Based on picking random numbers.
Title: Re: Mega millions $1.6BB
Post by: jew on October 23, 2018, 03:39:47 PM
So anyone or any group from anonymous state buying that I can take advantage of?
Title: Re: Mega millions $1.6BB
Post by: jew on October 23, 2018, 03:40:04 PM
Or is that too late? :(
Title: Re: Mega millions $1.6BB
Post by: EJB on October 23, 2018, 03:46:57 PM
Based on picking random numbers.

Assuming 300m tickets it's 37% (and 26% multiple winners)
Assuming 400m tickets it's 27% (and 38% multiple winners)
Assuming 500m tickets it's 19% (and 49% multiple winners)
Assuming 600m tickets it's 14% (and 59% multiple winners)
Assuming 700m tickets it's 10% (and 67% multiple winners)

I'd guess roughly 5-600m tickets will be sold, so it's pretty likely that they'll be multiple winners and very unlikely that no one will win
Title: Re: Mega millions $1.6BB
Post by: myi on October 23, 2018, 03:48:15 PM
whatever we are at 9. If anyone wants to complete the minyan let me know
Which state you buying it in?
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 03:53:14 PM
Which state you buying it in?
NJ or FL
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 23, 2018, 03:56:03 PM
I'd guess roughly 5-600m tickets will be sold, so it's pretty likely that they'll be multiple winners and very unlikely that no one will win
O/U is 5.25mm
You feel lucky?
Title: Re: Mega millions $1.6BB
Post by: as2 on October 23, 2018, 04:03:24 PM
At what point is it worthwhile to just buy one of each possibility? Side note, looking for an investor to invest a few hundred million. Gaurenteed payout. Lol obviously a duplicate winner would mess that over, but cool concept.
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 04:04:59 PM
At what point is it worthwhile to just buy one of each possibility? Side note, looking for an investor to invest a few hundred million. Gaurenteed payout. Lol obviously a duplicate winner would mess that over, but cool concept.
buying one of each would cost approximately $604 million
Title: Re: Mega millions $1.6BB
Post by: TimT on October 23, 2018, 04:06:33 PM
At what point is it worthwhile to just buy one of each possibility? Side note, looking for an investor to invest a few hundred million. Gaurenteed payout. Lol obviously a duplicate winner would mess that over, but cool concept.
If there are a few winners, you lose
Title: Re: Mega millions $1.6BB
Post by: as2 on October 23, 2018, 04:07:13 PM
buying one of each would cost approximately $604 million
So if there was a guarantee that there was only one winner, which is obviously not possible, and you didn't take the lump sum, it would be quite a profitable investment. Not sure if its possible to print that many tickets though
Title: Re: Mega millions $1.6BB
Post by: TimT on October 23, 2018, 04:10:25 PM
So if there was a guarantee that there was only one winner, which is obviously not possible, and you didn't take the lump sum, it would be quite a profitable investment. Not sure if its possible to print that many tickets though
To coordinate something like that at this point is impossible
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 04:13:18 PM
whatever we are at 9. If anyone wants to complete the minyan let me know
we are currently at 10. Last chance to join. Tickets will be bought in about 2 hours
Title: Re: Mega millions $1.6BB
Post by: ohiojeans on October 23, 2018, 04:17:34 PM
https://torasaba.blogspot.com/2018/10/mega-billions-lotto-word-from-wise.html (https://torasaba.blogspot.com/2018/10/mega-billions-lotto-word-from-wise.html)
Title: Re: Mega millions $1.6BB
Post by: as2 on October 23, 2018, 04:17:56 PM
we are currently at 10. Last chance to join. Tickets will be bought in about 2 hours
Any binding contracts being signed so you don't walk off with our money and our tickets?
Title: Re: Mega millions $1.6BB
Post by: metsguy on October 23, 2018, 04:22:50 PM
Any binding contracts being signed so you don't walk off with our money and our tickets?

Please he wouldn't risk his DDF reputation for a measly Billion
Title: Re: Mega millions $1.6BB
Post by: mmgfarb on October 23, 2018, 04:24:30 PM
Please he wouldn't risk his DDF reputation for a measly Billion
Lol
Title: Re: Mega millions $1.6BB
Post by: th0306 on October 23, 2018, 05:13:29 PM
Apparently there's someone in NYC selling tickets from Delaware (can stay anon and there's no tax). Anyone have any more info?
Yehoshua Landau
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 05:15:16 PM
Any binding contracts being signed so you don't walk off with our money and our tickets?
Dont worry if we win I won't walk off with your $ I'll refund the $20 I'm not that bad
Title: Re: Mega millions $1.6BB
Post by: as2 on October 23, 2018, 05:17:53 PM
Dont worry if we win I won't walk off with your $ I'll refund the $20 I'm not that bad
In that case, I'm in.
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 23, 2018, 05:44:40 PM
Iím in if there is still room
Title: Re: Mega millions $1.6BB
Post by: yesitsme on October 23, 2018, 05:44:46 PM

Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 23, 2018, 06:02:06 PM
https://www.dansdeals.com/miscellaneous/mega-millions-1-6-billion-take-lump-sum-annuity-payments/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Dansdeals+%28DansDeals.com%29
I still want my hat tip!
😀
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 23, 2018, 06:11:25 PM
Any binding contracts being signed so you don't walk off with our money and our tickets?
It is called S&W!!!
Title: Re: Mega millions $1.6BB
Post by: farmbochur on October 23, 2018, 06:26:50 PM
At what point is it worthwhile to just buy one of each possibility? Side note, looking for an investor to invest a few hundred million. Gaurenteed payout. Lol obviously a duplicate winner would mess that over, but cool concept.
In a world with no income tax, you show positive expected value up until ~260 million other entries. In our world, you're garunteed to lose.
Title: Re: Mega millions $1.6BB
Post by: Joe4007 on October 23, 2018, 06:30:17 PM
For some reason the cash option went up to 913MM.

(https://i.imgur.com/btQwbWJ.jpg)
Title: Re: Mega millions $1.6BB
Post by: myi on October 23, 2018, 06:38:51 PM
The deadline to buy Mega Millions tickets in New York state is 10:45 p.m. ET on days when winning numbers are announced.
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 06:45:06 PM
we are currently at 10. Last chance to join. Tickets will be bought in about 2 hours
group is closed at 15. Good luck to all!
Title: Re: Mega millions $1.6BB
Post by: as2 on October 23, 2018, 07:37:13 PM
It is called S&W!!!
Prefer Kimber, but either will do
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 23, 2018, 07:40:43 PM
The deadline to buy Mega Millions tickets in New York state is 10:45 p.m. ET on days when winning numbers are announced.
pretty sure it closes 10PM
Title: Re: Mega millions $1.6BB Y2K
Post by: yesitsme on October 23, 2018, 08:40:59 PM
(https://forums.dansdeals.com/index.php?action=dlattach;topic=96338.0;attach=28784;image)


Billboard doesn't support dot Sixteen Million Dollars!! potential lawsuit??
Title: Re: Mega millions $1.6BB Y2K
Post by: yesitsme on October 23, 2018, 08:55:54 PM
(https://forums.dansdeals.com/index.php?action=dlattach;topic=96338.0;attach=28784;image)


Billboard doesn't support dot Sixteen Million Dollars!! potential lawsuit??
Why is it upside down? Bug?
https://forums.dansdeals.com/index.php?action=dlattach;topic=96338.0;attach=28784;image (https://forums.dansdeals.com/index.php?action=dlattach;topic=96338.0;attach=28784;image) opens properly
Title: Re: Mega millions $1.6BB Y2K
Post by: ChaimMoskowitz on October 23, 2018, 08:57:34 PM
opens properly
Not here.
Title: Re: Mega millions $1.6BB Y2K
Post by: yesitsme on October 23, 2018, 09:00:01 PM
Not here.
disclaimer: orientation of image does not indicate on fortune
Title: Re: Mega millions $1.6BB
Post by: TimT on October 23, 2018, 11:04:27 PM
28, 70, 5, 62, 65 and 5
Anyone ? :)
Title: Re: Mega millions $1.6BB
Post by: EJB on October 23, 2018, 11:06:07 PM
28, 70, 5, 62, 65 and 5
Anyone ? :)

My rate of return was around -90%
Title: Re: Mega millions $1.6BB
Post by: chevron on October 23, 2018, 11:31:19 PM
I didnt even get 1 number lol
Title: Re: Mega millions $1.6BB
Post by: as2 on October 23, 2018, 11:35:02 PM
Both of the last 2 drawings I had one number and it was in the correct place. Cool but useless
Title: Re: Mega millions $1.6BB
Post by: Deal Guy on October 23, 2018, 11:41:44 PM
Last I checked, tomorrow's Powerball is not too shabby.
Back to dreaming.
Title: Re: Mega millions $1.6BB
Post by: Sammy82 on October 23, 2018, 11:49:04 PM
Are they saying yet if there are any winners and if yes, which state?
Title: Re: Mega millions $1.6BB
Post by: TimT on October 23, 2018, 11:56:03 PM
Are they saying yet if there are any winners
not yet
Title: Re: Mega millions $1.6BB
Post by: doodle on October 24, 2018, 12:13:48 AM
not yet
It's a massive scam . They are playing around to get more people to buy
Title: Re: Mega millions $1.6BB
Post by: Z56 on October 24, 2018, 12:22:42 AM
SOUTH CAROLINA: JUST IN: SCís lottery website says at least one person matched all winning numbers in tonightís record $1.6 billion jackpot.
Title: Mega millions $1.6BB
Post by: Zevi16 on October 24, 2018, 12:31:35 AM
What if you get one number and mega?
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 24, 2018, 12:33:15 AM
What if you get one number and mega?
$4
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 01:11:24 AM
Are they saying yet if there are any winners and if yes, which state?
South carolina
Title: Re: Mega millions $1.6BB
Post by: ludmila on October 24, 2018, 01:14:44 AM
$4
This is what I got from 50 tickets, $4.
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 02:39:12 AM
This is what I got from 50 tickets, $4.
So you kept the profit of the tix you bout for other ppl
Title: Re: Mega millions $1.6BB
Post by: thaber on October 24, 2018, 02:55:20 AM
I didn't buy a ticket, so I broke even. But thinking I should buy in the next one since no one else will, but I'm wrong, right? Odds are the same regardless?
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 03:47:33 AM
What if you get one number and mega?
(https://i.imgur.com/4TYpY2C.jpg)
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 24, 2018, 06:39:02 AM
So you kept the profit of the tix you bout for other ppl
who said he bought tickets for other people
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 06:43:36 AM
Both of the last 2 drawings I had one number and it was in the correct place. Cool but useless
The order only matters for the mega ball.
Title: Re: Mega millions $1.6BB
Post by: Zevi16 on October 24, 2018, 07:26:12 AM
I didn't buy a ticket, so I broke even. But thinking I should buy in the next one since no one else will, but Iím wrong, right? Odds are the same regardless?
Correct
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 07:51:00 AM
Correct
The only difference is its highly unlikely that someone would match your numbers. But max payout is relatively small so max ROI is small.
Title: Re: Mega millions $1.6BB
Post by: as2 on October 24, 2018, 09:30:32 AM
The order only matters for the mega ball.
I'm aware, just found it cool.
Title: Re: Mega millions $1.6BB
Post by: gingyguy on October 24, 2018, 10:58:46 AM
South carolina lets you stay annonymous
Title: Re: Mega millions $1.6BB
Post by: as2 on October 24, 2018, 11:08:18 AM
South carolina lets you stay annonymous
Doesn't mean this person will be intelligent enough to...
Title: Re: Mega millions $1.6BB
Post by: grodnoking on October 24, 2018, 11:50:06 AM
Doesn't mean this person will be intelligent enough to...
If we haven't hear from him yet, it may be because he's getting a good lawyer, accountant or such to front him.
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 11:54:08 AM
who said he bought tickets for other people
You were advertising it
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 24, 2018, 11:55:45 AM
You were advertising it
I did. What does that have to do with him?
Title: Re: Mega millions $1.6BB
Post by: shapsam on October 24, 2018, 11:56:01 AM
Now to the 620MM Powerball...
Title: Re: Mega millions $1.6BB
Post by: TimT on October 24, 2018, 12:15:04 PM
If we haven't hear from him yet, it may be because he's getting a good lawyer, accountant or such to front him.
Or he hasnít gotten around to check his ticket yet. Itís happened
Title: Re: Mega millions $1.6BB
Post by: jew on October 24, 2018, 01:17:27 PM
Anyone in Ohio offering to buy ticket for someone wanting to stay anonymous?
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 01:22:22 PM
South carolina lets you stay annonymous
And the law in NY is you have to announce yourself?
Now to the 620MM Powerball...
What I don't understand with this whole thing why would someone buy a ticket when the Mega Million is at 1.6 billion while you have the same chance of winning a ticket when the Lottery's at 12 million?
 That being said why not buy a ticket every Tuesday and Friday hoping you will win?
Title: Re: Mega millions $1.6BB
Post by: shapsam on October 24, 2018, 01:24:07 PM
And the law in NY is you have to announce yourself?
Essentially
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 01:24:55 PM
Essentially
So that pretty much means not having a normal life after winning?
Title: Re: Mega millions $1.6BB
Post by: ludmila on October 24, 2018, 01:42:39 PM
So you kept the profit of the tix you bout for other ppl
Did not buy for anyone, my tickets, and I am going to retire with my $4 winnings :)
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 04:19:08 PM
Did not buy for anyone, my tickets, and I am going to retire with my $4 winnings :)
Just be careful lawsuits are expensive
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 04:19:37 PM
And the law in NY is you have to announce yourself? What I don't understand with this whole thing why would someone buy a ticket when the Mega Million is at 1.6 billion while you have the same chance of winning a ticket when the Lottery's at 12 million?
 That being said why not buy a ticket every Tuesday and Friday hoping you will win?
This makes no sense
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 04:24:00 PM
This makes no sense
Why not, would you not be happy with 12 million , or only when its 1.6 billion would you waste $2 to buy a ticket.
 The same chance you to win 1.6b is the same equal chance to win the regular 12m.
  Dont know what's not to understand.
 Yes it's a crazy number 1.6b, just start buying every time theres a drawing as you can potentially win 12m or 6m whatever it is at a standard time.
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 04:25:54 PM
Why donít the news agencies check the store cameras and check to see who baught the winning ticket
Title: Re: Mega millions $1.6BB
Post by: LETSGOCUSTOM on October 24, 2018, 04:28:41 PM
Why not, would you not be happy with 12 million , or only when its 1.6 billion would you waste $2 to buy a ticket.
 The same chance you to win 1.6b is the same equal chance to win the regular 12m.
  Dont know what's not to understand.
 Yes it's a crazy number 1.6b, just start buying every time theres a drawing as you can potentially win 12m or 6m whatever it is at a standard time.
You totally missed the boat
Most ppl donít buy lottery tickets cuz itís statistically does not make sense
But when itís a large pot ppl use it as an excuse to buy
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 04:36:42 PM
You totally missed the boat
Most ppl donít buy lottery tickets cuz itís statistically does not make sense
But when itís a large pot ppl use it as an excuse to buy
Good to hear that 12 million is chump change, I think that's good enough for a reason to buy.
 Using 12 or 6 as that's the bare minimum the lotto goes after a winner, so on average it can range from 6-200m.

 Yes not arguing that 1.6b is a huge insane amount.

  I guess it's all in the brain that now at 1.6 I gotta buy, while at 12m which you see everytime you pass the convenience store it doesnt phase you anymore.
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 04:37:49 PM
Why donít the news agencies check the store cameras and check to see who baught the winning ticket
They have done that many times.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 04:39:30 PM
Good to hear that 12 million is chump change, I think that's good enough for a reason to buy.
 Using 12 or 6 as that's the bare minimum the lotto goes after a winner, so on average it can range from 6-200m.

 Yes not arguing that 1.6b is a huge insane amount.

  I guess it's all in the brain that now at 1.6 I gotta buy, while at 12m which you see everytime you pass the convenience store it doesnt phase you anymore.
I do admit for a rational consumer, 40M and 1.6B are pretty close as they are both more money than the 99% earns in a lifetime.

Still, if one is only playing occasionally, it makes sense to play when the money is the best.
Title: Re: Mega millions $1.6BB
Post by: Dan on October 24, 2018, 04:41:06 PM
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 04:48:17 PM
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
=True statement.
 But the ends dont justify the means.
They're both insane amounts for a single individual.
Title: Re: Mega millions $1.6BB
Post by: Redbull3 on October 24, 2018, 04:49:24 PM
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
No reason to be rational with lotto though.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 04:50:27 PM
Also there's probably a certain amount of money that let's someone basically do whatever they want financially. I think $12mm  post tax is not high enough for most people.
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 04:52:37 PM
Now were talking, we have some winners for some million in brooklyn.

https://bklyner.com/two-mega-million-winning-tickets-sold-in-brooklyn/
Title: Re: Mega millions $1.6BB
Post by: Dan on October 24, 2018, 05:00:15 PM
Also there's probably a certain amount of money that let's someone basically do whatever they want financially. I think $12mm  post tax is not high enough for most people.
You're not flying private with $12MM.
$500MM OTOH...
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 05:04:34 PM
You're not flying private with $12MM.
$500MM OTOH...
I mean if someone's dream is to just buy a retirement house and payoff debt and live comfortably with normal vacations sprinkled in, 12mm is fine.
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 05:44:40 PM
I mean if someone's dream is to just buy a retirement house and payoff debt and live comfortably with normal vacations sprinkled in, 12mm is fine.
Agree.  :)
 I guess that means I got to start buying some tickets for the Friday drawing of 40 million.
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 24, 2018, 05:46:40 PM
Agree.  :)
 I guess that means I got to start buying some tickets for the Friday drawing of 40 million.
the powerball tonight is pretty sweet
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 05:48:24 PM
the powerball tonight is pretty sweet
Being that they're both $2 I guess the Powerball it is.
 
  Q; Why was it raised from $1 to $2 or rather why was the Powerball originally $2 and not $1?
Title: Re: Mega millions $1.6BB
Post by: mochjas on October 24, 2018, 05:50:40 PM
Being that they're both $2 I guess the Powerball it is.
 
  Q; Why was it raised from $1 to $2 or rather why was the Powerball originally $2 and not $1?
it was raised to create bigger jackpots and for them to make more $
Title: Re: Mega millions $1.6BB
Post by: myi on October 24, 2018, 05:51:18 PM
it was raised to create bigger jackpots and for them to make more $
I would assume that's why it hit 1.6 the first time in history.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 06:11:38 PM
The lottery sells more tickets when the pit is bigger.
Title: Re: Mega millions $1.6BB
Post by: ludmila on October 24, 2018, 06:12:24 PM
Also there's probably a certain amount of money that let's someone basically do whatever they want financially. I think $12mm  post tax is not high enough for most people.
For most people????
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 24, 2018, 06:21:36 PM
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
In both cases it is nil.
Title: Re: Mega millions $1.6BB
Post by: Dan on October 24, 2018, 06:22:45 PM
In both cases it is nil.
Odds of wining are nil, but expected value isn't.
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 24, 2018, 06:25:10 PM
Odds of wining are nil, but expected value isn't.
Part of EV is the odds, no? So 1x0 or 1mmx0 is still nil.  :)
Title: Re: Mega millions $1.6BB
Post by: Lou Bob on October 24, 2018, 06:32:07 PM
Play the pb. Much better odds  :D
Title: Re: Mega millions $1.6BB
Post by: Dan on October 24, 2018, 06:46:03 PM
Part of EV is the odds, no? So 1x0 or 1mmx0 is still nil.  :)
Odds times prize. Hence why $40MM is a bad buy and $1.6BB is a decent buy.
Title: Re: Mega millions $1.6BB
Post by: farmbochur on October 24, 2018, 06:49:52 PM
Odds times prize. Hence why $40MM is a bad buy and $1.6BB is a decent buy.
https://www.google.com/amp/s/amp.businessinsider.com/mega-millions-jackpot-is-it-worth-buying-lottery-ticket-2018-10

This article shows positive expected value on last night's drawing, but it ignores taxes and multiple winners.
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 24, 2018, 07:00:34 PM
Odds times prize. Hence why $40MM is a bad buy and $1.6BB is a decent buy.
https://www.google.com/amp/s/amp.businessinsider.com/mega-millions-jackpot-is-it-worth-buying-lottery-ticket-2018-10

This article shows positive expected value on last night's drawing, but it ignores taxes and multiple winners.
Basically expected value is negative. They are both bad buys with one being worse.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 24, 2018, 07:18:28 PM
Basically expected value is negative. They are both bad buys with one being worse.
There are also small prizes that prob that up a bit. You have a 1/24 chance of breaking even or better.
Title: Re: Mega millions $1.6BB
Post by: 12HRS on October 24, 2018, 10:44:10 PM
I mean if someone's dream is to just buy a retirement house and payoff debt and live comfortably with normal vacations sprinkled in, 12mm is fine.

Easy for that to be your dream when thats the only Hasogah you have. Get 12MM and see what your dreams change to then.
Title: Re: Mega millions $1.6BB
Post by: justaregularguy on October 25, 2018, 01:38:43 AM
The deadline to buy Mega Millions tickets in New York state is 10:45 p.m. ET on days when winning numbers are announced.
wow thatís amazing: I bought my ticket at 10:44:48!! One of the last ones to buy :D
(Id love to show a pic of it but the darn attachment is too karge >:(-seems to happen a lot with my phone for some reason)
Title: Re: Mega millions $1.6BB
Post by: rs242 on October 25, 2018, 08:27:17 AM
wow thatís amazing: I bought my ticket at 10:44:48!! One of the last ones to buy :D
(Id love to show a pic of it but the darn attachment is too karge >:(-seems to happen a lot with my phone for some reason)
This would only be amazing if u won.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 25, 2018, 09:42:44 AM
https://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html

I heard about this today on a podcast. They interviewed the head of the fund who said he bought all 7.1 million numbers. Apparently the math worked out then to do it.
Title: Re: Mega millions $1.6BB
Post by: myi on October 25, 2018, 10:00:24 AM
wow thatís amazing: I bought my ticket at 10:44:48!! One of the last ones to buy :D
(Id love to show a pic of it but the darn attachment is too karge >:(-seems to happen a lot with my phone for some reason)
You cant attach it with an existing post from Tapa, try a new post.
 Or try imgurupload.com
Title: Re: Mega millions $1.6BB
Post by: myi on October 25, 2018, 10:04:51 AM
https://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html

I heard about this today on a podcast. They interviewed the head of the fund who said he bought all 7.1 million numbers. Apparently the math worked out then to do it.
Unless theres a program which would computer generate every possible combination, otherwise there is no time to pick each and every combo.
Title: Re: Mega millions $1.6BB
Post by: CS1 on October 25, 2018, 10:11:45 AM
https://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html

I heard about this today on a podcast. They interviewed the head of the fund who said he bought all 7.1 million numbers. Apparently the math worked out then to do it.

it's only a guaranteed win if you buy all 302 million combinations. (Costs $604 million.)
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 25, 2018, 10:52:50 AM
Unless theres a program which would computer generate every possible combination, otherwise there is no time to pick each and every combo.

There were only 7.1 Mill. They had a computer fill out the forms weeks before and bought when they thought the jackpot had peaked.
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on October 25, 2018, 10:53:34 AM
it's only a guaranteed win if you buy all 302 million combinations. (Costs $604 million.)

Only 7.1MM combos when they did it. Couldn't be done with mega or powerball, but if a state had a smaller scale lotto, could be done.
Title: Re: Mega millions $1.6BB
Post by: Zevi16 on October 25, 2018, 11:43:51 AM
it's only a guaranteed win if you buy all 302 million combinations. (Costs $604 million.)
Could they write that $600m off as an expense?
Title: Re: Mega millions $1.6BB
Post by: ChaimMoskowitz on October 25, 2018, 11:45:15 AM
Could they write that $600m off as an expense?
Against winnings.
Title: Re: Mega millions $1.6BB
Post by: TimT on October 25, 2018, 11:02:27 PM
https://www.nbcnews.com/news/us-news/new-jersey-man-s-broken-hip-helps-him-win-slice-n924476
$7092 before taxes
Title: Re: Mega millions $1.6BB
Post by: justaregularguy on October 28, 2018, 01:13:02 AM
it's only a guaranteed win if you buy all 302 million combinations. (Costs $604 million.)
its still not a  Guarantee  bc youíll buy 302.5 million lotto tickets and some other guy will also win with you and now you have to split it-maybe even more than one way.. so whys it worth to spend that? :o
Title: Re: Mega millions $1.6BB
Post by: Jellybelly on October 28, 2018, 02:35:11 PM
Did anyone win the powerball yet?
Title: Re: Mega millions $1.6BB
Post by: shapsam on October 28, 2018, 02:37:14 PM
Did anyone win the powerball yet?
Yes, 2 people.
Title: Re: Mega millions $1.6BB
Post by: TimT on October 28, 2018, 03:17:10 PM
One was in New York
Title: Re: Mega millions $1.6BB
Post by: CS1 on October 28, 2018, 07:53:00 PM
its still not a  Guarantee  bc youíll buy 302.5 million lotto tickets and some other guy will also win with you and now you have to split it-maybe even more than one way.. so whys it worth to spend that? :o

correct. it is only a guaranteed win, ....however it is definitely not worth the payout if there is even a chance at another 1-2 winners.... 
Title: Re: Mega millions $1.6BB
Post by: shapsam on March 05, 2019, 03:43:55 AM

Winner took the cash option of nearly $878,000,000
Title: Re: Mega millions $1.6BB
Post by: justaregularguy on March 05, 2019, 08:36:37 PM

Winner took the cash option of nearly $878,000,000
what does the store owner get from it?
Title: Re: Mega millions $1.6BB
Post by: MrKaplan on March 05, 2019, 08:43:34 PM
what does the store owner get from it?
$50k
Title: Re: Mega millions $1.6BB
Post by: mercaz1 on March 06, 2019, 10:49:16 AM
the state budgeted $61 million for next year based on this ticket
they were getting nervous that it wasn't going to get claimed
Title: Re: Mega millions $1.6BB
Post by: shaulyaakov on March 06, 2019, 12:13:16 PM
According to news reports, the person is represented by Jason Kurland, lottery lawyer out of Queens. Luckily SC allows winners to remain anonymous.