Megamillions winners?

coach said:
Easiest 2 bucks I ever lost. Didn’t even get one number right. At least I didn’t have to wait in a line. :wink:
Got you beat. Managed to get one number. 1.6 BILLION. That is more money then some third world countries entire 'bankroll'.
 
mjpchief said:
Wife "won $4.00". Spent $7.00 to win it.
You did better than we did. Between us The Lovely Mrs. Snake and I spent $12 and "won" nothing more than the right to say we played The Big One. :wink: :lol:
 
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One in 300 million odds. 1.7 Billion $2 chances sold in three days, no winner.
Except, of course, for the Italian company bankrolling (MUSL) the game.
 
mohavesam said:
You cannot win if you do not play, its true. But you cannot win.
Not true. Somebody's going to win.

It's more accurate to say "You're almost certainly not going to win." :wink:
 
RonT said:
Lottery Tickets = Sucker Bet :)
Or "Stupidity Tax." And usually I agree with this. I don't play on a regular basis.

But when it gets THIS big, sometimes you gotta say you tried. :wink:
 
I don't play for a couple reasons... S.C. constitution still says gambling is illegal. Since the state makes money off of all this our legislator declared the lottery is not gambling....

2nd reason... biggest ponsie scheme ever derived.... government makes money off of the two dollars you spent... taxes and their cut... then when you win the big one guess how much of that they get?
 
Hi...
I play the Mega Millions and Powerball as a form if idle entertainment.
I only ever spend from my discretionary income and mostly use it as a "what if" and "wouldn't it be great if" , but don't really expect to win.
 
Still holding at $1.6 billion today........I guess I could struggle thru on that amount..........might have to cut back on a few things though. :roll:
I had a 20 something 2nd-3rd cousin win one of the early lotto's way back when.....(before there was a cash-option). He stayed in the same community, built himself a nice house.....(he was a carpenter so he literally helped build it himself) bought a new truck and fishing boat (neither one fancy). Last I heard he was still getting something like $750,000 a year from it.
 
I don't know what the tax rate would be on a fortune like that but many years ago I heard it could be 90% if you took it all at once. Lets see, tithe 10 %, and nothing is left. Plus you have every rodent in the world chasing you down.
Then you give money to a disabled loved relative and that hurts all relatives feelings. As said before, I would be a little discouraged I didn't win it at 30 years old instead of pushing 80. Maybe I would have a four top heart surgeons following me around (three shifts and they need days off), with fresh supplies of hearts refrigerated on tap.
I would have a nice place (Don`t need a mansion) on just a few acres on a resident airstrip and I would be sort of like Jay Leno collecting a few old classic cars, motorcycles and airplanes. Of course I would buy some more classic guns although I have all I need long ago. Go`s without saying we all would take care of our heirs. I think special foundations etc would be out of luck as I have believed long ago you aren't going to change the world. I will be darned if I will give a dime to outfits where 10 cents out of a dollar actually gets to the begged cause.
 
Believe it or not, I do not, and have never played the lotteries. The Reason?

I am not even interested in winning. At my age, over 88, I don't need the winning money and I am sure that what ever time I have left does not make the hassle of winning worth it.

I have enough to do just keeping my business up to date. I started out in life before America "went modern". Believe it not from the years that I was a young sprout, farmers and ranchers lived, worked, and managed as they had done for hundreds of years. I started working as a paid cowboy in 1945 working with cattle and horses the same as cowboys had worked for over a hundred years.

I was lucky enough to have lived starting the second year after I was orphaned in 1939, with a family on a farm owned by an experienced horseman, a retired U.S. Army Cavalry Sargent, who was an expert horseman. Up until about the 1950's, even into the 1960's, most ranch cowboys worked horses and cattle as they had since civil war times.

Beginning at age just turned 15, I was hired as a wrangler on a large ranch, working with 10 to 12 other, older cowboys, my first paying job. Within a year my experience from my mentor, the old Sgt, resulted in my moving up to "riding the rough string" on the ranch. Remembering what I had learned, it wasn't long before I was changing the 'Rough String" into behaving cow horses. I was moved up to starting the young horses too to keep them out of the Rough String.

The ranch Foreman and the cowboys noticed what I was doing and it wasn't long before I was a working cowboy handling some of the rough horses that were temporarily moved from the others' into my string for me to use for a while.

Any old cowboy will tell you today that ranching today is nothing like it was even 50 years ago. My own ranches are an example. Today, we still use horses but except for working cattle directly, most of the work on ranches is now done by tractor power. The ranch where I started in 1945, with over a dozen cowboys their, plus a couple of general ranch hands, today operates with only 5 men. And we don't have a "Rough String" on my ranch or any of my neighbors' ranches either.

I still enjoy living and working cattle and horses. I don't have time for lotteries.
 
blume357 said:
2nd reason... biggest ponsie scheme ever derived.... government makes money off of the two dollars you spent... taxes and their cut... then when you win the big one guess how much of that they get?
Let's see, they rake 50% off everything they take in to start with, which is much more than Vegas or even the mob street numbers do.

So the "prize" is 50% of what they've taken in. If you win, you can either take a cash payout at a hefty discount, or a long-term payout, much of which will be eaten up by inflation, and that's assuming you live that long and the lottery fund is still solvent all that time.

So you take the heavily discounted cash payout, and the Feds immediately take about 40% off the top of that, and then my state and county would get another 7.5% on top of THAT!

So, long story short (if it's not too late), I doubt you'd end up with much more than 10 cents on every dollar actually wagered on the thing--if that! :shock:
 
The government would make the old mob blush and hang their heads in shame. Most here probably aren`t old enough to have gambled in Vegas before the early 1970`s. It was totally different than now. Pit boss`s would ask you have you ate yet? Give you a card and tell you go to the casino restaurant and get what you want. I have seen a pit boss or casino manager walk up to a BJ table and flip up the dealers hold card to show the players.
People dressed up, nothing like now. Same as they did flying many years ago. Since they supposedly drove the mob out and let big business run the casinos and try to make Vegas "family orientated" Vegas is no fun at all like it was back in the 1960`s.
 
Dont forget, lets say you bought $10 in lotto tickets. You ALREADY paid $3 vigorish or so on the money to the government before you ever buy the tickets. What a deal!
 
"Vegas is no fun at all like it was back in the 1960's". bogus bill is right.

I remember the largest casino in the U.S. in the 1940's, STATE LINE GARDENS, at Post Falls, Idaho. State Line Garden was a huge casino, with two theaters, a race track, three or four restaurants, etc., even before Las Vegas was built. As a young cowboy I remember taking my girl friend to State Line Gardens on dates in the 1940's, then after we were married, while we lived on Fairchild AFB in NCO base housing, we went there many times.

There also used to be a Truck Stop/Casino just West of RENO, Nevada, Boom Town, where my truck drivers always enjoyed stopping in the 1960's, 70's etc. At Boom Town the manager/owner had numerous special amenities for truck drivers, including a special slot machine room where a driver could not lose any money. Play a quarter and the worst that happened was that you got your quarter back. Also, every year, Monfort Packing in Greeley, Colorado sent a semi truck load of Prime Steaks to Boom Town where the Boom Town Management served full Prime Steak dinners to truck drivers, 24 hours per day, for no charge, until the steaks ran out.
 
I also gambled and ate at Boomtown many times. I use to own 10 acres near Portola California about 40 miles NW of Boomtown. Was planning on building on it when I retired. Took my new wife there and she didn't like the idea as she knew I was a gambler and we couldn't afford gambling retired and it was too close to temptation. I said okay, lets go look at Susanville another 50 miles north. Seen a realtor and she says I have just the house for you! We follow her to look at it and I bust out laughing. The house was directly across the street from the Indian casino!
The good thing is I sold that 10 acres for 12X what I had paid for it thirty years prior and bought a rental here for retirement income. Otherwise we would be living under a bridge. Now we live a 100 miles from Mesquite Nevada so dont hit temptation often. Am going on halloween though to escape the trick and treaters. That and maybe once more a year is all we go now. For many years I worked solid overtime with no days off for maybe three months and then take my weekend off with a day or two of sick leave or vacation and go on a gambling blowout and then go live at work again for a couple more months without a day off and repeat. My ex wife was and I understand still is more of a gambler than I was. You DO win ONCE in awhile or NO ONE would ever go again. They cant have that.
 
I read today that the actual payout if you choose the cash option, after taxes, comes out to 39% of the total. If I did my math correctly, that would be $620 million (out of 1.6 billion). I could live quite well on that amount for the remainder of my life, I'm quite certain.
 
When it does get hit probably there will be another dozen people with the same numbers. Once I heard a woman voicing while writing numbers down. I said, "Hey! Those sound good to me too!" And made like I was marking them on my slip."
 
should be called "SUCKER BALL" we all paying for and supporting some LUCKY ?? person, to win all that cash???? boy are we stupid....... 8) :roll: :(

NO such thing as a free lunch, ask any casino player....... :?
 
I know of a number of large casinos that went bust. Nevada Landing, there are two in Mesquite Nevada that went broke. There was a Mansion built by casino owner ten miles up the road from us about seven years ago, it has never been occupied and looks like a haunted house.
 
If I won, I would give the money away.
I would give it to a contractor and tell him to build me a mansion.
I would give it to the salesman at the Ferrari dealership.
I would even give some of it to my local gun store.
 
One of the chat groups my wife likes is having a 100 (max) member pool... 10 bucks and you're in . I normally don't waste money on the lottery, but I gave in for 10 bucks to help their pool out. They'll probably win a dollar and have to split it 100 ways! ;)
 
nvbirdman said:
If I won, I would give the money away.
I would give it to a contractor and tell him to build me a mansion.
I would give it to the salesman at the Ferrari dealership.
I would even give some of it to my local gun store.
:wink:
 
Hi,

Lots of bellyaching goes on every time the lottery gets "up there." Yeah, the chances against hitting it are astronomical, and most of us who play it are just throwing our money away. But we're throwing it SOMEWHERE, and as a result, somewhere along the line, this will be the best $1 or $2 investment SOMEBODY ever made, at least from a pure dollars returned standpoint.

As my old trapshooting buddy who hit it for $21 million once told someone complaining that "You were just lucky", "Yes, I was, but it only takes a dollar to learn if you will be, too!" Somehow I'd think shooters are among the last people on earth who should criticize how other people "throw away" their money! ;)

Rick C
 
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