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-   -   MegaMillions - Are YOU in? (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/megamillions-you-333977/)

Tvflguy 07-28-2022 10:40 AM

MegaMillions - Are YOU in?
 
Happened to go to Winn Dixie this AM. On the way out saw a group of guys at the Lotto machine. I never bet, but thought WTH? So got 5 quick picks for $10.

If we win the big one every TOTV person gets $10.

Are you in for the Billion???

schwarz 07-28-2022 11:38 AM

I love my life the way it is now

retiredguy123 07-28-2022 11:43 AM

I never bought a lottery ticket and never will. Bad investment.

billethkid 07-28-2022 12:07 PM

As was said by one of the news readers last week.....you are 20 times more likely to get hit by lightning than having a winning lottery ticket!

I haven't been hit in over 80 years at the one time level!

No thanx!

MrFlorida 07-28-2022 12:09 PM

I make $365 dollars a year on the lottery, How ? By saving a dollar a day, not buying a ticket.

Tvflguy 07-28-2022 12:48 PM

IMO life is a bit of a gamble. The odds for the $1billion is about 1in 320 million. So, one in the USA population would win. I invested $10 in 5 tickets so it’s about 1 in 70 million.

I never buy lotto, but it was an impulse. Can never win or have a chance if…..

metoo21 07-28-2022 12:53 PM

Quote:

Originally Posted by MrFlorida (Post 2119815)
I make $365 dollars a year on the lottery, How ? By saving a dollar a day, not buying a ticket.

Tickets are $2 each. :wave:

Michael G. 07-28-2022 12:55 PM

Quote:

Originally Posted by retiredguy123 (Post 2119809)
I never bought a lottery ticket and never will. Bad investment.

It's a donation, not an investment

vintageogauge 07-28-2022 01:03 PM

I never. understood the hype for these huge pots when you can try to win a single million just about every day with sone being tax free and the odds are much better.

retiredguy123 07-28-2022 01:07 PM

Quote:

Originally Posted by metoo21 (Post 2119836)
Tickets are $2 each. :wave:

So, he or she is making $730 per year, tax free.

Timothyimitchell 07-28-2022 01:15 PM

I'm in.
And I'm gonna win

Bill14564 07-28-2022 01:53 PM

Quote:

Originally Posted by vintageogauge (Post 2119841)
I never. understood the hype for these huge pots when you can try to win a single million just about every day with sone being tax free and the odds are much better.

I actually thought about this...

How many times am I likely to win the lottery? Zero. But you never know, it *could* happen once. So, do I spend my chance on a $20M pot or do I spend my chance on a $200M (or $1B in this case) pot?

I'm very unlikely to win but if I do it will be BIG.

JohnN 07-28-2022 01:55 PM

I'm a much more humble person being poor. That said, OP, I'll take the sawbuck if you win!

metoo21 07-28-2022 02:19 PM

Quote:

Originally Posted by Michael G. (Post 2119838)
It's a donation, not an investment

Yep. Don't mind doing it. Part of the money collected for the ticket is put into an education fund (when I was in TN) and it paid students $4000/year for secondary education if they maintained their grades. Great program. My child received WAY more $$$ than I've spent on tickets or will spend in my lifetime. Saved me a lot of money on their education.

I keep buying occasionally and assume it is a donation for those good students that maintain their grades to qualify. If I win anything then that is payback for doing a good deed.

BlueStarAirlines 07-28-2022 02:33 PM

Quote:

Originally Posted by retiredguy123 (Post 2119809)
I never bought a lottery ticket and never will. Bad investment.

Never thought of it as an investment. It like buying a coffee...only cheaper. You go into investments with the expectation of making money. You buy lottery tickets, movie tickets, or a beer for fun and enjoyment.

tophcfa 07-28-2022 04:24 PM

I am very analytical and the numbers say it’s statistically a bad investment. That being said, $2 is a cheap price to pay for a “what if” happy dream. When the jackpot reaches a billion dollars, what the hell, I’ll drop 2 bucks for a dream.

EdFNJ 07-28-2022 06:01 PM

Quote:

Originally Posted by retiredguy123 (Post 2119809)
I never bought a lottery ticket and never will. Bad investment.

Investment? Really? :a20: I mean c'mon! I'm sure you've p1ssed away more than $2 on other "bad investments" in your lifetime. Ever "invest" $5 in a beer with zero ROI?

That being said I just heard a huge Chinese rocket is going to break up coming through the atmosphere sometime around the 31st with pieces coming down on land somewhere. They said the odds of getting hit by a piece of it is about the same as winning the MegaMillions. With my luck and my $2 "investment" I'll probably get hit by a rocket part.

Bloomberg - Chinese Rocket Debris

I only buy ONE ticket when it is above $500 million. I won $100 a couple years ago so my "investment" has paid off big. :1rotfl: I'm cowering in the bathtub on the 31st so I don't win.

Babubhat 07-28-2022 06:09 PM

For a billion take a chance. Better than a 5 dollar Starbucks coffee. Of course it’s half after taxes

jswirs 07-29-2022 03:44 AM

Quote:

Originally Posted by schwarz (Post 2119805)
I love my life the way it is now

You echo my sentiments.

bilcon 07-29-2022 04:54 AM

$20 for a chance to win 1 Billion. Why not? You can't win if you're not in. A lot of the money goes to education.

tophcfa 07-29-2022 08:03 AM

Quote:

Originally Posted by schwarz (Post 2119805)
I love my life the way it is now

We do as well, not much would change, except how good would it be to have our own personal regulation length lap swimming pool : )

frose 07-29-2022 08:24 AM

just buy 320 million tickets, can't lose.

ElDiabloJoe 07-29-2022 08:27 AM

They don't call it the "Stupid Tax" for nothing. It is a stupid waste of money.

That being said, it is fun to play when the pot is big. I do not then consider it throwing away money, I consider it a cheap way to have a little fun. Fun being the hope of winning and watching with interest until a winner(s) is named.

Playing everyday in a desperate hope to solve one's financial issues is indeed a poor use of money, and rightfully a tax being paid for being stupid.

Topspinmo 07-29-2022 09:46 AM

Quote:

Originally Posted by Tvflguy (Post 2119789)
Happened to go to Winn Dixie this AM. On the way out saw a group of guys at the Lotto machine. I never bet, but thought WTH? So got 5 quick picks for $10.

If we win the big one every TOTV person gets $10.

Are you in for the Billion???

You say that till mister taxman comes. :22yikes:

Topspinmo 07-29-2022 09:48 AM

Quote:

Originally Posted by ElDiabloJoe (Post 2120031)
They don't call it the "Stupid Tax" for nothing. It is a stupid waste of money.

That being said, it is fun to play when the pot is big. I do not then consider it throwing away money, I consider it a cheap way to have a little fun. Fun being the hope of winning and watching with interest until a winner(s) is named.

Playing everyday in a desperate hope to solve one's financial issues is indeed a poor use of money, and rightfully a tax being paid for being stupid.


I use my smoking and drinking money beings I quit. Can’t stop all my bad habits, if so I would be too prefect. :wave:

Topspinmo 07-29-2022 09:51 AM

Quote:

Originally Posted by frose (Post 2120030)
just buy 320 million tickets, can't lose.

You’re about 40 million short, odds are you’ll still lose…:wave:

Topspinmo 07-29-2022 09:52 AM

Quote:

Originally Posted by bilcon (Post 2119986)
$20 for a chance to win 1 Billion. Why not? You can't win if you're not in. A lot of the money goes to education.


So they say, but I bet less than 10%.

asianthree 07-29-2022 01:34 PM

We buy ticket on our once a month, no matter what the pot. So far this year we are up by $287. Winnings go in a bowl on the table. Pays for most of our Disney pass holders ticket.

frose 07-29-2022 07:24 PM

no number is correct

OrangeBlossomBaby 07-29-2022 10:10 PM

Quote:

Originally Posted by Tvflguy (Post 2119833)
IMO life is a bit of a gamble. The odds for the $1billion is about 1in 320 million. So, one in the USA population would win. I invested $10 in 5 tickets so it’s about 1 in 70 million.

I never buy lotto, but it was an impulse. Can never win or have a chance if…..

Not true. The odds any combination of numbers being the winning number is around that (1:320M). The odds of anyone possessing that specific combination of numbers is better than 1:320M.

Ask anyone who has bought 20 tickets, 5 per ticket, on behalf of a group of 20 people, each of whom contributed $1 and each of whom is entitled to an equal share of the winnings.

Topspinmo 07-29-2022 11:18 PM

Quote:

Originally Posted by Babubhat (Post 2119935)
For a billion take a chance. Better than a 5 dollar Starbucks coffee. Of course it’s half after taxes

I bet it’s more than half when you file. They take half but that don’t mean that’s it.

Topspinmo 07-29-2022 11:20 PM

Actually the ones who hit lottery every draw is states, feds, and the company contracted to run the lottery.

Tvflguy 07-30-2022 07:36 AM

From the OP….

Damn, so close. I had 5 quick picks each one is 5 numbers plus the mega ball. So a total of 30 numbers.

I got a grand total of one.

No Billion and not even $2.

Oh well. One grand winner from Illinois . Their tax bill Will be enormous.


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