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Post by Deleted on Jan 10, 2016 2:52:04 GMT -5
For the first time in lottery history, a lottery has reached 4 digits (in millions of dollars). 1.5 BILLION dollars. $1,500,000,000.00. That's if you take the annual payments. It's at $930 Million if you "lump sum" it.
If one person wins it they would instantly be in the realm of people like Bill & Melinda Gates or the Saudi Royal Family.
So... are you going to play?
If you win, got any plans?
*note: that's the "projected jackpot" as of 2:49AM Eastern Standard Time... large jackpots tend to climb between "right after the previous drawing" and "right before the upcoming drawing". Perfect example, this last drawing was projected to be ~$700 Million right after no one won the previous one. At time of drawing it was ~$900 Million
EDITED TO ADJUST TO NEW JACKPOT PRIZE AMOUNT!
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Post by Deleted on Jan 10, 2016 2:59:37 GMT -5
Personally... I have made a deal with the Universe. If I win, half (after taxes) goes to charity and other things that help others.
The other half will mostly be used to set me up with my own hotel... the profits (after operating costs) of which will ALSO go to charity.
The part that's not used for the hotel will be used to pay off debts, get some gifts for friends, get into a nice house, and set up an "allowance" (the interest from a fixed deposit will be enough to guarantee all bills are met, in perpetuity) to guarantee that I never actually NEED work again (I still can if I WANT to, though).
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gregintenn
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Post by gregintenn on Jan 10, 2016 8:09:28 GMT -5
That's a lot of fools pissing money away on a get rich scheme. I find it funny that gambling is illegal here in Tennessee unless the government is benefiting from it.
Next time you're in the convenience store buying tickets, look at the others in line. Do they seem like the sort of folks who have the extra cash to throw away?
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Post by Deleted on Jan 10, 2016 8:42:50 GMT -5
I thought your opinion was everyone should pay taxes Greg... Just consider this that...
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gregintenn
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Post by gregintenn on Jan 10, 2016 8:44:37 GMT -5
I thought your opinion was everyone should pay taxes Greg... Just consider this that... Yep. It's a tax on people who can't do math. Aren't most of the lottery ticket customers the same ones who's children are going hungry every night in another thread? Maybe if they were paid more than minimum wage, they wouldn't have to look to lottery tickets as the answer to their problems? I'm guessing many of the lottery ticket purchasers aren't employed at all.
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djAdvocate
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Post by djAdvocate on Jan 10, 2016 11:52:11 GMT -5
i am happy with my fortune, thanks.
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Virgil Showlion
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Post by Virgil Showlion on Jan 10, 2016 12:03:00 GMT -5
A fool and his money...
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Value Buy
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Post by Value Buy on Jan 10, 2016 12:12:43 GMT -5
For the first time in lottery history, a lottery has reached 4 digits (in millions of dollars). 1.3 BILLION dollars. $1,300,000,000.00. That's if you take the annual payments. It's at 803 Million if you "lump sum" it. If one person wins it they would instantly be in the realm of people like Bill & Melinda Gates or the Saudi Royal Family. So... are you going to play? If you win, got any plans? *note: that's the "projected jackpot" as of 2:49AM Eastern Standard Time... large jackpots tend to climb between "right after the previous drawing" and "right before the upcoming drawing". Perfect example, this last drawing was projected to be ~$700 Million right after no one won the previous one. At time of drawing it was ~$900 Million If you think for one second, 700 million dollars put you in the same class with Bill and Melinda Gates and the Saudi Royal family, I have a bridge I want to sell you when you win the lottery.
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Post by Deleted on Jan 10, 2016 12:20:17 GMT -5
Already bought my ticket on the app from the comfort of my home, I can assure you we aren't going hungry and I know the math ; )
Screw it why not, the chance however minuscule to become an almost billionaire overnight. What would I do? Anything I want.
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lynnerself
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Post by lynnerself on Jan 10, 2016 13:08:08 GMT -5
1. Historically, When jackpots get this high they are usually won by more than one person.
2. Winning also suddenly puts you into the same level of scrutiny as Gates, etc. With increased need for security.
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Virgil Showlion
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Post by Virgil Showlion on Jan 10, 2016 17:12:09 GMT -5
Because i) it's a waste of time and money, and ii) even in the ridiculously unlikely event that you win, if your net income is currently greater than 33,000.00 USD per year, it's an established fact that your overall happiness one year after winning the jackpot will (on average) be equal to or lower than your current level of happiness.
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Post by Deleted on Jan 10, 2016 17:24:37 GMT -5
Because i) it's a waste of time and money, and ii) even in the ridiculously unlikely event that you win, if your net income is currently greater than 33,000.00 USD per year, it's an established fact that your overall happiness one year after winning the jackpot will (on average) be equal to or lower than your current level of happiness. 1. Maybe for you it is a waste of time and money, it took me 60 seconds to buy on my phone and $2 is statistically insignificant for me in the grand scheme. 2. I would take my chances on the happiness thing, i get a lot of joy building and managing my current assetts, 800 million would be a lot of fun, again maybe for others it would be daunting, I would relish the opportunity.
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thyme4change
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Post by thyme4change on Jan 10, 2016 17:46:52 GMT -5
1. Historically, When jackpots get this high they are usually won by more than one person.2. Winning also suddenly puts you into the same level of scrutiny as Gates, etc. With increased need for security. I was thinking about this the other day. Doesn't it seem fishy that no one wins for weeks and weeks on end, and then suddenly several people have ALL the winning numbers? 292 million number combinations... it makes sense that no one hits it, but then multiple people hitting it on the same week? It just seems odd. Not that it happens - but that it happens more often than not.
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thyme4change
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Post by thyme4change on Jan 10, 2016 17:48:18 GMT -5
Because i) it's a waste of time and money, and ii) even in the ridiculously unlikely event that you win, if your net income is currently greater than 33,000.00 USD per year, it's an established fact that your overall happiness one year after winning the jackpot will (on average) be equal to or lower than your current level of happiness. 1. Maybe for you it is a waste of time and money, it took me 60 seconds to buy on my phone and $2 is statistically insignificant for me in the grand scheme.2. I would take my chances on the happiness thing, i get a lot of joy building and managing my current assetts, 800 million would be a lot of fun, again maybe for others it would be daunting, I would relish the opportunity. My husband says that he gets $2 worth of fun just fantasizing about winning. So, it is worth it to him.
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Post by Deleted on Jan 10, 2016 17:48:29 GMT -5
Possibly due to larger numbers of people playing? Nate Silver likes to play with lottery numbers, he might have something on that...?
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thyme4change
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Post by thyme4change on Jan 10, 2016 17:50:46 GMT -5
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spartan7886
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Post by spartan7886 on Jan 10, 2016 19:51:27 GMT -5
It's a ginormous example of the birthday problem. It may help if you consider the fact that for the drawing yesterday 440mm tickets were sold and yet there's only 292mm combinations. Even if every number except the lucky ones have been selected, there's still 148mm extra tickets (so 296mm people with duplicate tickets).
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Post by Deleted on Jan 10, 2016 20:04:15 GMT -5
Because i) it's a waste of time and money, and ii) even in the ridiculously unlikely event that you win, if your net income is currently greater than 33,000.00 USD per year, it's an established fact that your overall happiness one year after winning the jackpot will (on average) be equal to or lower than your current level of happiness. i) That depends on how you define "waste" and how much a person plays. I could "waste" the same amount on one movie ticket (but waste MUCH LESS time, if the movie turns out to suck). ii) So those of us below that magical $33,000 level that you mentioned (where'd you get that number, by the way... I'm curious)... I guess we'll be happier by that statement? I'm good with that. I'm in the "under $33,000" bracket!
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Post by Deleted on Jan 10, 2016 20:15:58 GMT -5
It's pretty much understood that most of us here are not... Average....
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fishy999
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Post by fishy999 on Jan 10, 2016 20:18:35 GMT -5
Chances are I get struck by lightening twice- but I am putting in 10 bucks for the fun of it- it supports education right..... And I as well will risk my happiness in the event of a win- I am sure all of the friends and family I have that would never have to work again will see it as a positive Would spend the rest of my life playing Santa.
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Virgil Showlion
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Post by Virgil Showlion on Jan 10, 2016 20:20:06 GMT -5
1. Maybe for you it is a waste of time and money, it took me 60 seconds to buy on my phone and $2 is statistically insignificant for me in the grand scheme.2. I would take my chances on the happiness thing, i get a lot of joy building and managing my current assetts, 800 million would be a lot of fun, again maybe for others it would be daunting, I would relish the opportunity. My husband says that he gets $2 worth of fun just fantasizing about winning. So, it is worth it to him. He can't fantasize about what it would be like to be rich without buying a lottery ticket?
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swamp
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Post by swamp on Jan 10, 2016 20:21:18 GMT -5
1. Maybe for you it is a waste of time and money, it took me 60 seconds to buy on my phone and $2 is statistically insignificant for me in the grand scheme.2. I would take my chances on the happiness thing, i get a lot of joy building and managing my current assetts, 800 million would be a lot of fun, again maybe for others it would be daunting, I would relish the opportunity. My husband says that he gets $2 worth of fun just fantasizing about winning. So, it is worth it to him. Mine too.
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Virgil Showlion
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Post by Virgil Showlion on Jan 10, 2016 20:40:51 GMT -5
Because i) it's a waste of time and money, and ii) even in the ridiculously unlikely event that you win, if your net income is currently greater than 33,000.00 USD per year, it's an established fact that your overall happiness one year after winning the jackpot will (on average) be equal to or lower than your current level of happiness. i) That depends on how you define "waste" and how much a person plays. I could "waste" the same amount on one movie ticket (but waste MUCH LESS time, if the movie turns out to suck). ii) So those of us below that magical $33,000 level that you mentioned (where'd you get that number, by the way... I'm curious)... I guess we'll be happier by that statement? I'm good with that. I'm in the "under $33,000" bracket! i) I define "waste" here as voluntarily spending money on goods or services that are neither physically, mentally, socially, spiritually, or economically profitable. While you might argue that the brief high that comes from fantasizing about wealth after purchasing the ticket is the true "payoff", buying a lottery ticket isn't necessary to indulge in such fantasies. If the only thing that makes the fantasy worthwhile is the lottery ticket's potential to make it real, you don't have a rational comprehension of how small your odds of winning actually are. ii) $33,000 is the net income (as of 2012) above which the statistical correlation between amount of wealth and level of happiness drops to zero.
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Post by Deleted on Jan 10, 2016 20:47:13 GMT -5
The fantasy is meaningless unless there is a possibility it might comes true, and as teensy as the chances are they are more than zero... Cause ya can't win if ya don't play. And that infinitesimal chance paying off would be profitable indeed.
But we all have crap we value others don't. If you don't value it enough to buy the ticket.. Don't.
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NoNamePerson
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Post by NoNamePerson on Jan 10, 2016 20:58:52 GMT -5
Hell, I just like to gamble.
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Virgil Showlion
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Post by Virgil Showlion on Jan 10, 2016 21:00:44 GMT -5
The fantasy is meaningless unless there is a possibility it might comes true, and as teensy as the chances are they are more than zero... Cause ya can't win if ya don't play. And that infinitesimal chance paying off would be profitable indeed. Your odds of inheriting a windfall from a distant relative you never knew existed (or that you didn't know was wealthy) are significantly greater than your odds of winning a lottery jackpot, and you don't have to buy a ticket for that. Every time you feel the urge to buy a lottery ticket, toss the $2 into a "treat myself" jar that you empty twice a year, and spend a few minutes fantasizing about what you would do if your long lost great uncle Jake died and left you with $15 million in unencumbered assets.
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Post by Deleted on Jan 10, 2016 21:05:58 GMT -5
I buy a few times a year when it is fun like now. I'm ok with it. The majority of funds go to programs I support anyway I'm perfectly ok with my actions. I'm perfectly ok with you choosing different ones. I'm a little curious why you care so much what the rest of us do in this case?
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sesfw
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Post by sesfw on Jan 10, 2016 21:07:02 GMT -5
I bought some tickets today while grocery shopping. There was one lady in front of me and no one behind me. Maybe DH will get some later this week
I like thinking about what I would do with the funds, besides changing my phone number and address.
I might turn it into $1s and play Scrooge McDuck for a while before actually doing something sensible.
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Virgil Showlion
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Post by Virgil Showlion on Jan 10, 2016 21:08:15 GMT -5
I buy a few times a year when it is fun like now. I'm ok with it. The majority of funds go to programs I support anyway I'm perfectly ok with my actions. I'm perfectly ok with you choosing different ones. I'm a little curious why you care so much what the rest of us do in this case? aj asked 'Screw it. Why not?' I answered her question. This is the discussion stemming from it.
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NoNamePerson
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Post by NoNamePerson on Jan 10, 2016 21:16:57 GMT -5
The fantasy is meaningless unless there is a possibility it might comes true, and as teensy as the chances are they are more than zero... Cause ya can't win if ya don't play. And that infinitesimal chance paying off would be profitable indeed. Your odds of inheriting a windfall from a distant relative you never knew existed (or that you didn't know was wealthy) are significantly greater than your odds of winning a lottery jackpot, and you don't have to buy a ticket for that. Every time you feel the urge to buy a lottery ticket, toss the $2 into a "treat myself" jar that you empty twice a year, and spend a few minutes fantasizing about what you would do if your long lost great uncle Jake died and left you with $15 million in unencumbered assets. WOW I have a great chance of winning then. The only living relative is my son. No distant anybodies lurking around in my life. You have given me hope. I may make that 40 mile trip for ticket tomorrow. I need to go to the outlets anyway - two for one trip. I have to pass the outlets on the way to cross the state line.
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