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(CNN)   Due to recent rule changes current Mega Millions jackpot could exceed *puts pinky beside mouth* 1 billion dollars   (cnn.com) divider line 187
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7873 clicks; posted to Main » on 16 Dec 2013 at 3:08 PM (31 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-12-16 02:49:23 PM
Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.
 
2013-12-16 02:59:48 PM

Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.


Hell, at this point, the pot odds favor playing.
 
2013-12-16 03:10:36 PM

RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.


Quite the opposite.  When the pot gets huge, many more people play.  Yes, the increased pot increases your potential winnings.  This is offset by the disproportionate number of people who play when the pot gets this big, increasing the likelihood you will share you winnings.
 
2013-12-16 03:10:46 PM
They're going to rake in the suckers with this one.
 
2013-12-16 03:11:26 PM
I may just get a ticket just to see if the fates will smile upon me.
 
2013-12-16 03:11:44 PM

RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.


Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!
 
2013-12-16 03:12:16 PM
seriously... house always wins.

thanks for showing your eagerness to pay taxes!

/we knew you had it in you, redneckistan!
 
2013-12-16 03:12:24 PM

George Babbitt: They're going to rake in the suckers with this one.


You're soo leet.  Standing there, casting judgment upon people, next you'll declare it "A tax on the stupid".


It's worth my buck.
 
2013-12-16 03:13:03 PM

foo monkey: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Quite the opposite.  When the pot gets huge, many more people play.  Yes, the increased pot increases your potential winnings.  This is offset by the disproportionate number of people who play when the pot gets this big, increasing the likelihood you will share you winnings.


All the people who buy 259 million tickets each for the sure-thing bet are in for a surprise!
 
2013-12-16 03:13:14 PM
Yeehaw! I'm gonna buy me a ticket!
 
2013-12-16 03:13:18 PM
I know what to do with that much money.  I already have my new house picked out.  I already have another house picked out for some family members -- you don't think I want to live with them, do you?  I have investment people in mind because not investing most of it would be stupid.  I also have plans to create a charity foundation because that is simply way to farking much money to not spread around.

But some goober with a taste for white lightning and meth will win.
 
2013-12-16 03:13:50 PM

unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!


don't forget all the partial wins that you'll get in addition to the jackpot.
 
2013-12-16 03:13:51 PM

unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!


Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..
 
2013-12-16 03:14:03 PM

unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!


How many possible number combinations are there in this game?
 
2013-12-16 03:14:06 PM

sobriquet by any other name: seriously... house always wins.

thanks for showing your eagerness to pay taxes!

/we knew you had it in you, redneckistan!


i see a bunch of colored folks buying tix too!
 
2013-12-16 03:14:42 PM

foo monkey: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Quite the opposite.  When the pot gets huge, many more people play.  Yes, the increased pot increases your potential winnings.  This is offset by the disproportionate number of people who play when the pot gets this big, increasing the likelihood you will share you winnings.


Also due to the Media coverage it makes it impossible to quietly collect.  Play Powerball instead, the odds are better 1 in 175 million, and with everyone dumping their lotto money into Megamillions, the chances of a shared payout are much much lower.  Plus, if you win right after someone else wins the huge jackpot nobody will notice you collecting a small Powerball jackpot.
 
2013-12-16 03:14:54 PM

OgreMagi: I know what to do with that much money.  I already have my new house picked out.  I already have another house picked out for some family members -- you don't think I want to live with them, do you?  I have investment people in mind because not investing most of it would be stupid.  I also have plans to create a charity foundation because that is simply way to farking much money to not spread around.

But some goober with a taste for white lightning and meth will win.


If I win, I will hunt - and eat - the most dangerous game.
 
2013-12-16 03:15:40 PM
2,000 chicks at the same time? That just seems like too much work.
 
2013-12-16 03:15:53 PM

tripleseven: George Babbitt: They're going to rake in the suckers with this one.

You're soo leet.  Standing there, casting judgment upon people, next you'll declare it "A tax on the stupid".


It's worth my buck.


Changed jobs, no longer close to my favorite local coffee shop. Used to spend 10 bucks a day there. Now it's 10 bucks a month. I think I can spare a few bucks on a sliver of hope per week.
 
2013-12-16 03:15:59 PM

srgrobe: sobriquet by any other name: seriously... house always wins.

thanks for showing your eagerness to pay taxes!

/we knew you had it in you, redneckistan!

i see a bunch of colored folks buying tix too!


redneckistan proudly proclaims "give us your herp, your unwashed derp, to walk these streets paved with gold"

...and that was a nice daydream. like winning the lottery or being smashed flat by an errant wing of a 747
 
2013-12-16 03:17:05 PM

AeAe: If I win, I will hunt - and eat - the most dangerous game.


I bid you good luck, sir.  Kill the Bieber swiftly.
 
2013-12-16 03:17:15 PM
We have to get the lower 40% to pay taxes somehow. Filtering casino tax profits off penny slots only goes so far.
 
2013-12-16 03:17:46 PM
I'm in.
 
2013-12-16 03:17:58 PM

AeAe: unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!

Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..


Admittedly it has been 3 years since I had to file gambling winnings, but at the time they were taxed at a flat rate of 27%
 
2013-12-16 03:18:14 PM

jaytkay: foo monkey: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Quite the opposite.  When the pot gets huge, many more people play.  Yes, the increased pot increases your potential winnings.  This is offset by the disproportionate number of people who play when the pot gets this big, increasing the likelihood you will share you winnings.

All the people who buy 259 million tickets each for the sure-thing bet are in for a surprise!


Yea, like the difference between an annuity and a lump-sum payout -- oh, and taxes.
 
2013-12-16 03:18:23 PM

Tom_Slick: Also due to the Media coverage it makes it impossible to quietly collect.


You go to a good law firm.  Not some lawyer in a a strip mall.  They will set up a proper trust that will hide who you are.  You do this BEFORE you try to cash in your ticket.
 
2013-12-16 03:18:49 PM

Doctor Funkenstein: AeAe: If I win, I will hunt - and eat - the most dangerous game.

I bid you good luck, sir.  Kill the Bieber swiftly.


That's not even sporting...
 
2013-12-16 03:19:35 PM

jaytkay: All the people who buy 259 million tickets each for the sure-thing bet are in for a surprise!


I'm reminded of that scene from "Bruce Almighty" where everyone who played the lotto in Buffalo won $17, each.
 
2013-12-16 03:19:55 PM
So, the real question is: What are the chances of winning?
Well, as CNN reported last week, you have a much, much better chance of being killed by an asteroid.


Ah, but the odds of winning Mega Millions  and being killed by an asteroid are infinitesimal. so it's practically guaranteed that you'll get to enjoy your winnings! You'd be an idiot  not to play!
 
2013-12-16 03:20:03 PM

Tom_Slick: AeAe: unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!

Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..

Admittedly it has been 3 years since I had to file gambling winnings, but at the time they were taxed at a flat rate of 27%


The top marginal rate is 39.6% which you will obviously hit with that jackpot.  The lottery commission will withhold 25%, but they'll want that other 15% come tax time.
 
2013-12-16 03:20:34 PM
Not if I have any say in the matter.

/ I want say in the matter.
 
2013-12-16 03:20:34 PM
If I won, could I get my payout $1 million per day for a year?
(After applicable taxes.)
 
2013-12-16 03:21:10 PM

OgreMagi: I know what to do with that much money.  I already have my new house picked out.  I already have another house picked out for some family members -- you don't think I want to live with them, do you?  I have investment people in mind because not investing most of it would be stupid.  I also have plans to create a charity foundation because that is simply way to farking much money to not spread around.

But some goober with a taste for white lightning and meth will win.


I was gonna buy you that house but then you went and called me a goober.
 
2013-12-16 03:21:31 PM

AeAe: unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!

Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..


Not quite. You get to offset your gambling wins with gambling losses, so it isn't a straightforward calculation. you also get the partial wins. For instance, you will pick up 14 million in tickets where you got all the numbers but not the special ball on, etc.

I'd be willing to guess that if it was a billion dollar jackpot, the numbers could come in where it may be worth the risk
 
2013-12-16 03:22:05 PM
If I win I am going to invest it in America...

... I'm donating it all to the church of Scientology.
 
2013-12-16 03:22:09 PM

foo monkey: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Quite the opposite.  When the pot gets huge, many more people play.  Yes, the increased pot increases your potential winnings.  This is offset by the disproportionate number of people who play when the pot gets this big, increasing the likelihood you will share you winnings.


At $1 billion, it's worthwhile even if you wind up splitting the pot with one other person.
 
2013-12-16 03:22:24 PM

OgreMagi: Tom_Slick: Also due to the Media coverage it makes it impossible to quietly collect.

You go to a good law firm.  Not some lawyer in a a strip mall.  They will set up a proper trust that will hide who you are.  You do this BEFORE you try to cash in your ticket.


Doesn't work that way in every state.
 
2013-12-16 03:23:08 PM

jshine: Doctor Funkenstein: AeAe: If I win, I will hunt - and eat - the most dangerous game.

I bid you good luck, sir.  Kill the Bieber swiftly.

That's not even sporting...


True.  But, hey, that means no more Bieber.  It'll be like we all hit the jackpot.
 
2013-12-16 03:25:11 PM

LineNoise: AeAe: unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!

Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..

Not quite. You get to offset your gambling wins with gambling losses, so it isn't a straightforward calculation. you also get the partial wins. For instance, you will pick up 14 million in tickets where you got all the numbers but not the special ball on, etc.

I'd be willing to guess that if it was a billion dollar jackpot, the numbers could come in where it may be worth the risk


Problem is they won't let you "buy" the lottery.  You just can't write them a check and say give me all the combos.  I think you have to manually fill out all the play slips.
I guess you could skip some combos like 1,2,3,4,5,6 to save time
 
2013-12-16 03:25:55 PM
Walk away with $300 - $400 million.  That would be some really top shelf hookers and blow.

Oh..and some charity work also
 
2013-12-16 03:26:26 PM

tripleseven: It's worth my buck.


Agreed. I only need one ticket to win.

/I'd get a buck's worth of entertainment thinking about all the mischief I could cause with that kind of money.
 
2013-12-16 03:26:58 PM

under a mountain: LineNoise: AeAe: unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!

Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..

Not quite. You get to offset your gambling wins with gambling losses, so it isn't a straightforward calculation. you also get the partial wins. For instance, you will pick up 14 million in tickets where you got all the numbers but not the special ball on, etc.

I'd be willing to guess that if it was a billion dollar jackpot, the numbers could come in where it may be worth the risk

Problem is they won't let you "buy" the lottery.  You just can't write them a check and say give me all the combos.  I think you have to manually fill out all the play slips.
I guess you could skip some combos like 1,2,3,4,5,6 to save time


... and the winning numbers are:
5, 2, 4, 1, 3 aaaand 6! Wow, folks... what are the odds?
 
2013-12-16 03:27:14 PM
I wonder how much money they've raked in on this run

/almost tempted to play
//impulse control must be getting better
 
2013-12-16 03:27:15 PM

OgreMagi: I know what to do with that much money.  I already have my new house picked out.  I already have another house picked out for some family members -- you don't think I want to live with them, do you?  I have investment people in mind because not investing most of it would be stupid.  I also have plans to create a charity foundation because that is simply way to farking much money to not spread around.

But some goober with a taste for white lightning and meth will win.


Regretfully, I concede you're right. (And best wishes to your lucky family members.) A mega-prize is nearly always is won by a self-centered imbecile who hasn't the slightest idea how to spell "progressive foundation" much less the ability to imagine how much good it could do.

C'mon, if you win $100 million, you could afford to spot your local public school system(s) $10 million.
 
2013-12-16 03:27:37 PM

Tom_Slick: AeAe: unyon: RedPhoenix122: Lando Lincoln: Odds of winning are one in 259 million? Yeah. They need to tone that shiat down.

Hell, at this point, the pot odds favor playing.

Just buy 259 million tickets.  As long as you're not sharing with more than two other tickets, you're a winner!

Federal taxes alone will take the cash option down to $189.9 million.. So yeah, good luck with that ..

Admittedly it has been 3 years since I had to file gambling winnings, but at the time they were taxed at a flat rate of 27%


I'd rather go with the annual installments.  I know what's coming and where's it's going to go.

Just think of it as your annual budget provided by the lottery.
 
2013-12-16 03:27:43 PM

OgreMagi: Tom_Slick: Also due to the Media coverage it makes it impossible to quietly collect.

You go to a good law firm.  Not some lawyer in a a strip mall.  They will set up a proper trust that will hide who you are.  You do this BEFORE you try to cash in your ticket.


A couple of years ago some guy in CT won a pretty big jackpot. CT says you have to announce the winner, but whoever won set up a trust and did some other things where the best they could do was narrow it down to a few people, all of whom were already decently well off, and had known each other in advance, and would have a reason to be involved in the trust that was created (all were lawyers, financial guys, tax folks, etc).  After a few days they got tired of trying to figure out who it really was, and called it quits.

So it is kind of possible to hide yourself. But if a guy who flips burgers suddenly ends up on the board of an organization with a couple hundred million dollar trust, its pretty safe to say he is your guy.
 
2013-12-16 03:28:48 PM

OgreMagi: Tom_Slick: Also due to the Media coverage it makes it impossible to quietly collect.

You go to a good law firm.  Not some lawyer in a a strip mall.  They will set up a proper trust that will hide who you are.  You do this BEFORE you try to cash in your ticket.


And I'd guess they'd take their cut before you cash in or when you cash in?
 
2013-12-16 03:28:58 PM

OgreMagi: Tom_Slick: Also due to the Media coverage it makes it impossible to quietly collect.

You go to a good law firm.  Not some lawyer in a a strip mall.  They will set up a proper trust that will hide who you are.  You do this BEFORE you try to cash in your ticket.


Not anymore.  They include the right to use your image in their advertising as part of the deal these days, you can't collect anonymously.
 
2013-12-16 03:29:14 PM
It's worth a buck or two to dream the dream of winning.

/got my ticket
 
2013-12-16 03:29:15 PM

Rhino_man: ... and the winning numbers are:
5, 2, 4, 1, 3 aaaand 6! Wow, folks... what are the odds?


I'd bet absolute 0. Sure, the pick is random, but it's also on a time delay. If they actually did pick a sequence like that, they'd trash it and redraw, because otherwise lots of people who don't understand statistics would accuse them of cheating.
 
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