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View Full Version : Estimated jackpot $356 million



RBA
03-24-2012, 03:46 PM
Who is going to get a ticket for Tuesday?

I play all the time. I know the odds are way against me. But it's my little fun.

fearofpopvol1
03-24-2012, 03:52 PM
Definitely going to buy a ticket. I start playing very close attention when it gets above $100M. I'm pretty sure this jackpot is in the top 5 all time highest.

JaxRed
03-25-2012, 12:50 AM
I have tickets already. Have to drive an hour to Georgia to get them so I buy 2 for each drawing for 5 weeks. $20 bucks.

I always say if I win I will buy a minor league franchise. So right now I'd find a way to get a High A franchise and "boom" the Reds are back east.

Reds/Flyers Fan
03-25-2012, 01:53 PM
Who is going to get a ticket for Tuesday?

I play all the time. I know the odds are way against me. But it's my little fun.

The odds of winning a new 72-inch HD TV in the church picnic raffle are way against you. The odds of winning the Mega Millions jackpot, particularly when it is high and millions of non-regulars are lured into playing, is so astronomically insignificant it's hard to even quantify.

About the same odds as getting hit by a piece of falling space junk. Or of the Reds trailing the Yankees 15-0 with two outs in the bottom of the 9th of game 7 of the World Series, then proceeding to hit four consecutive grand slams to win.

dougdirt
03-25-2012, 05:01 PM
The odds of winning a new 72-inch HD TV in the church picnic raffle are way against you. The odds of winning the Mega Millions jackpot, particularly when it is high and millions of non-regulars are lured into playing, is so astronomically insignificant it's hard to even quantify.

About the same odds as getting hit by a piece of falling space junk. Or of the Reds trailing the Yankees 15-0 with two outs in the bottom of the 9th of game 7 of the World Series, then proceeding to hit four consecutive grand slams to win.

I prefer the e-trade baby's odds - You are more likely to be attacked by a polar bear and a regular bear on the same day. Always makes me laugh.

MrCinatit
03-25-2012, 07:07 PM
The odds of winning a new 72-inch HD TV in the church picnic raffle are way against you. The odds of winning the Mega Millions jackpot, particularly when it is high and millions of non-regulars are lured into playing, is so astronomically insignificant it's hard to even quantify.

About the same odds as getting hit by a piece of falling space junk. Or of the Reds trailing the Yankees 15-0 with two outs in the bottom of the 9th of game 7 of the World Series, then proceeding to hit four consecutive grand slams to win.



I could be a jerk and point out that it is impossible to hit four consecutive grand slams...but we know what you mean.

Hoosier Red
03-25-2012, 07:17 PM
The odds of winning a new 72-inch HD TV in the church picnic raffle are way against you. The odds of winning the Mega Millions jackpot, particularly when it is high and millions of non-regulars are lured into playing, is so astronomically insignificant it's hard to even quantify.

About the same odds as getting hit by a piece of falling space junk. Or of the Reds trailing the Yankees 15-0 with two outs in the bottom of the 9th of game 7 of the World Series, then proceeding to hit four consecutive grand slams to win.

What do the number of people playing have to do with the odds. I suppose it plays into the payout more than the odds.

They're still astronomic but they're no worse if you're playing for $20 million or $356 Million.

NeilHamburger
03-26-2012, 12:20 AM
The odds of winning a new 72-inch HD TV in the church picnic raffle are way against you. The odds of winning the Mega Millions jackpot, particularly when it is high and millions of non-regulars are lured into playing, is so astronomically insignificant it's hard to even quantify.

About the same odds as getting hit by a piece of falling space junk. Or of the Reds trailing the Yankees 15-0 with two outs in the bottom of the 9th of game 7 of the World Series, then proceeding to hit four consecutive grand slams to win.

So, you're saying I have a chance?

IslandRed
03-26-2012, 10:02 AM
I start playing very close attention when it gets above $100M. I'm pretty sure this jackpot is in the top 5 all time highest.

Same here. When it gets this high, I'll grab a few tickets just for fun. I know what the odds are, so I don't spend anything I wouldn't have wasted anyway on snack runs. It's a lottery ticket, not an investment portfolio.

gonelong
03-26-2012, 11:20 AM
Powerball? Megamillions?

GL

Roy Tucker
03-26-2012, 11:22 AM
I'll buy tickets when it gets this high for entertainment value.

I figure its worth a couple bucks for that 30 seconds of anticipation when I'm looking up the results. There is always is that teeny-tiny eentsy-beentsy miniscule sliver of "I know I won't win but wouldn't it be something if I did".

Hoosier Red
03-26-2012, 11:28 AM
Powerball? Megamillions?

GL

MegaMillions

One of my favorite stories from "A Mathemetician at a Ballgame" involves a statistics professor who after hearing the jackpot had gone above $175 million told his students that if they were so inclined, now was the time to buy a lottery ticket because the payout for the ticket was finally more than the odds against winning. Stopping for gas on the way home, he decided to follow his own advice and buy a ticket.

Of course he won.

The story is so good, I've decided it can't possibly be true.

klw
03-26-2012, 02:13 PM
About the same odds as getting hit by a piece of falling space junk. Or of the Reds trailing the Yankees 15-0 with two outs in the bottom of the 9th of game 7 of the World Series, then proceeding to hit four consecutive grand slams to win.

No way it takes the Reds more than 5 games to finish off the Yankees.

MikeThierry
03-26-2012, 02:42 PM
If I win this, I'm renting out multiple suites at Busch Stadium and inviting everyone in the RedsZone to see the Reds play the Cards for the weekend. Beer and everything would be on me!!!!

WMR
03-26-2012, 02:50 PM
If I win this, I'm renting out multiple suites at Busch Stadium and inviting everyone in the RedsZone to see the Reds play the Cards for the weekend. Beer and everything would be on me!!!!

Yes, the beer would be "on you." Literally. :evil:

gonelong
03-26-2012, 03:01 PM
One of my favorite stories from "A Mathemetician at a Ballgame" involves a statistics professor who after hearing the jackpot had gone above $175 million told his students that if they were so inclined, now was the time to buy a lottery ticket because the payout for the ticket was finally more than the odds against winning.


That's exactly what I was trying to figure out. At $356M it's sufficiently high enough to pay the "stupid tax" for $1.

GL

Hoosier Red
03-26-2012, 03:08 PM
That's exactly what I was trying to figure out. At $356M it's sufficiently high enough to pay the "stupid tax" for $1.

GL

Well remember that $356M is the PV of a 26 year annuity. If $259M cash jackpot scares you off, don't think it's higher than it is.

gonelong
03-26-2012, 03:12 PM
Well remember that $356M is the PV of a 26 year annuity. If $259M cash jackpot scares you off, don't think it's higher than it is.

For a $1 I'll just throw caution to the wind and dare to dream. ;)

GL

goreds2
03-26-2012, 11:31 PM
I used to play the lottery twice a week. I now place that money in my retirement fund.

JaxRed
03-27-2012, 12:56 AM
I used to play the lottery twice a week. I now place that money in my retirement fund.

I want to party with you, dude !!

Caveat Emperor
03-27-2012, 08:45 AM
I used to play the lottery twice a week. I now place that money in my retirement fund.

"Retirement" is going to be one of those words, someday, they make kids learn in school so that they can better understand old literature.

goreds2
03-27-2012, 10:23 AM
I want to party with you, dude !!

http://www.daveramsey.com/article/gambling-offers-false-hope/lifeandmoney_other/text1/

medford
03-27-2012, 03:29 PM
http://www.daveramsey.com/article/gambling-offers-false-hope/lifeandmoney_other/text1/

Dave is a little on the extreme side (not completely) but I don't think you can go wrong following his teachings. there are some things he advises against that I think can be to your benefit, if your disciplined, but his system takes out all self discipline as long as you stick to the plan. Like I said, you can't get hurt folllowing his advice.

But with that said, someone was going to buy tickets, so I gave her a $1 for 1 ticket. might as well splurge a cup of coffee "just in case"

Hoosier Red
03-27-2012, 03:32 PM
http://www.daveramsey.com/article/gambling-offers-false-hope/lifeandmoney_other/text1/

Dave's right in the larger context. But if your retirement is sunk by missing $2/week, you're probably not going to retire in this century anyway.

RBA
03-27-2012, 03:41 PM
UPDATE: ESTIMATED JACKPOT $363 MILLION Draw Date: March 27, 2012Cash Option: $259 Million


Just give me 10 million after taxes and I''l be happy. ;)

medford
03-27-2012, 04:25 PM
UPDATE: ESTIMATED JACKPOT $363 MILLION Draw Date: March 27, 2012Cash Option: $259 Million


Just give me 10 million after taxes and I''l be happy. ;)

I don't know what the tax hit is on that $259 million, but I can't imagine the amount of request lotto winners all of a sudden see. All of a sudden, you're the guy to go to for the "measely" $50k they need to start up this business or buy that house, etc.

At what point do you say no? how many people do you turn away? these are problems, that on the surface, seem like they'd be nice to happen, but if I ever found myself in the situation, I've got to imagine its a huge headache.

IslandRed
03-27-2012, 07:20 PM
One night a long time ago, I was having trouble sleeping so I laid there and figured out what I would do if I ever had the winning ticket. Beat counting sheep. Long story short, the easiest way not to blow huge amounts of money or be endlessly tempted to give in to sob stories is to not keep a lot of liquid cash on hand. I decided that I'd figure out up front how much $$$ I was giving away and to whom (family members, friends, charities, etc.), most of the rest of it would go into long-term safe investments, and I'd keep only a relatively small amount for that first binge/splurge thing. I figured giving away a bunch up front wouldn't stop requests later, but it would give me the moral authority to say no (or "I gave at the office") and mean it. Especially since everyone I truly cared about would have been in on the first cut. If the jackpot was big enough, I'd just set up a foundation and if anyone wanted $$$ for a good cause they could try there, where it wouldn't be solely on me.

Having said that, easier said than done, especially if you know the request is legit and the person is truly in need.

Worst case, I'd be able to afford to move. :)

JaxRed
03-27-2012, 09:44 PM
Spending a couple bucks on the lottery isn't a retirement plan....it's entertainment.

15fan
03-27-2012, 11:04 PM
In round numbers, you'll clear about 40% (after taxes) if you take the cash option (which you always should)

40% of $360 million is $144 million.

I'll play $1 (1) if the pot is over $70 million, and (2) I happen to remember to buy a ticket while I'm already out.

What would I do if I won?

I'm not going to lie. It would be the most epic downward spiral of self-indulgent debauchery that the world has ever seen.

RFS62
03-27-2012, 11:52 PM
Your odds wouldn't be much different if you'd never been born

fearofpopvol1
03-28-2012, 01:01 AM
In round numbers, you'll clear about 40% (after taxes) if you take the cash option (which you always should)

40% of $360 million is $144 million.

I'll play $1 (1) if the pot is over $70 million, and (2) I happen to remember to buy a ticket while I'm already out.

What would I do if I won?

I'm not going to lie. It would be the most epic downward spiral of self-indulgent debauchery that the world has ever seen.

Wouldn't it be 40% of $259M if one took the cash option?

In other news, I didn't win sadly. :(

IslandRed
03-28-2012, 09:47 AM
Neither did anyone else... Friday's jackpot currently stated at $476 million.

texasdave
03-28-2012, 11:58 AM
Put down one dollar and ended up winning two (got the Mega Ball and nothing else). Letting that entire two dollars ride on the next one. Yes, I like living on the edge. :)

BuckeyeRed27
03-28-2012, 12:05 PM
I bought $5 and got zero numbers. Back to the liquor store!

Roy Tucker
03-28-2012, 12:35 PM
I'd seriously consider not telling anyone. Just tell them I'm retiring early and I did well with my 401k's.

Newport Red
03-28-2012, 12:43 PM
I'd seriously consider not telling anyone. Just tell them I'm retiring early and I did well with my 401k's.

Driving around in that Maybach would blow your story.

Hoosier Red
03-28-2012, 12:52 PM
Put down one dollar and ended up winning two (got the Mega Ball and nothing else). Letting that entire two dollars ride on the next one. Yes, I like living on the edge. :)

I call that reinvesting the dividend. No one at the gas station thinks I'm funny.

texasdave
03-28-2012, 01:14 PM
I call that reinvesting the dividend. No one at the gas station thinks I'm funny.

Works for me. :)

fearofpopvol1
03-28-2012, 01:20 PM
Almost half a billion...incredible. Officially the biggest jackpot EVER!

Caveat Emperor
03-28-2012, 04:05 PM
I'd seriously consider not telling anyone. Just tell them I'm retiring early and I did well with my 401k's.

I don't know what Ohio's law is, but some states won't let you claim your prize anonymously.

Razor Shines
03-28-2012, 04:26 PM
In round numbers, you'll clear about 40% (after taxes) if you take the cash option (which you always should)

40% of $360 million is $144 million.

I'll play $1 (1) if the pot is over $70 million, and (2) I happen to remember to buy a ticket while I'm already out.

What would I do if I won?

I'm not going to lie. It would be the most epic downward spiral of self-indulgent debauchery that the world has ever seen.

How much Would you offer to Duke for them to allow you to burn down Cameron Indoor?


Sent from my iPhone using Tapatalk

fearofpopvol1
03-28-2012, 04:50 PM
According to the article below, now half a billion (and will likely be even more once the drawing finishes)!

http://www.lotterypost.com/news/244183

RBA
03-28-2012, 07:47 PM
$500 MILLION

http://www.megamillions.com/images/odds_062205.gif

goreds2
03-29-2012, 11:15 PM
I used to play the lottery twice a week. I now place that money in my retirement fund.

:D OK-OK, today my work dept. took up a collection. We each put in 10 dollars. :thumbup:

texasdave
03-30-2012, 12:27 AM
$500 MILLION

http://www.megamillions.com/images/odds_062205.gif

The key number in the chance column is one. It only needs to happen one time. :)

fearofpopvol1
03-30-2012, 04:03 AM
$540M now! Incredible!!

Stray
03-30-2012, 11:56 AM
I heard it's up to 640,000,000 now?!?!

I never buy lottery tickets but I had to for this.

BuckWild03
03-30-2012, 12:02 PM
Yep, I never play either but I just bought mine. Feeling pretty good about my chances. :D

MikeThierry
03-30-2012, 12:56 PM
My god... I might just buy the St. Louis Blues if I win this thing, lol.

cumberlandreds
03-30-2012, 01:43 PM
Gee I could buy the Reds even after taxes now! OK who wants to be GM after I win?

gonelong
03-30-2012, 01:51 PM
GM? If I win I am Owner, GM, and player/manager.

GL

RichRed
03-30-2012, 01:59 PM
That's actually a terrifying amount of money. I think I'd rather win one of the "small" ones, to be honest. A couple mil is something I can just about wrap my head around.

cumberlandreds
03-30-2012, 02:26 PM
GM? If I win I am Owner, GM, and player/manager.

GL

If I win I'm managing. I seem to do a good job every night watching the Reds. :D I'll hire a GM for the dirty work of contract negotiations.

bigredmechanism
03-30-2012, 02:43 PM
This is the first time I have ever bought lottery tickets.

2 bucks to dream? Okie dokie!

Stray
03-30-2012, 03:14 PM
I wouldn't want anyone to know I just won 640 million dollars, that would kinda suck. I wonder if there's an option to remain anonymous.

Slyder
03-30-2012, 05:22 PM
$500 MILLION

http://www.megamillions.com/images/odds_062205.gif

I wouldn't mind winning that 10k, I'm not greedy.

KronoRed
03-30-2012, 05:57 PM
I wouldn't want anyone to know I just won 640 million dollars, that would kinda suck. I wonder if there's an option to remain anonymous.

Talk about making you and your entire family kidnap targets.

MikeThierry
03-30-2012, 06:03 PM
Talk about making you and your entire family kidnap targets.

True, but you would have enough money to pimp out your security. I know I would hire some guys with ear pieces to protect me, lol.

1990REDS
03-30-2012, 06:15 PM
I wouldn't want anyone to know I just won 640 million dollars, that would kinda suck. I wonder if there's an option to remain anonymous.

Some states including Ohio allow you to claim your winnings anonymously

Caveat Emperor
03-30-2012, 06:48 PM
Funniest thing I've read all day was from a twitter account that's a parody Mike Brown account:

"Don't worry #bengals fans, if I win the Mega Millions I'm still keeping my job as GM."

fearofpopvol1
03-30-2012, 07:32 PM
Had a friend tell me (though I have not spent the time to verify it) that they're estimating that the jackpot will actually be worth another $100M before the drawing.

IslandRed
03-30-2012, 09:07 PM
With all these tickets being bought, the odds of another rollover have to be pretty low, but... could you imagine if it did? They'd probably start estimating the next one at $1 billion minimum.

RBA
03-30-2012, 09:16 PM
With all these tickets being bought, the odds of another rollover have to be pretty low, but... could you imagine if it did? They'd probably start estimating the next one at $1 billion minimum.

RBA, America's First Billionaire Lottery winner. :thumbup:

RBA
03-30-2012, 11:05 PM
WINNING NUMBERS:

2-4-23-38-46 MEGA 23

Well, maybe Tuesday for the Billion?

fearofpopvol1
03-30-2012, 11:41 PM
WINNING NUMBERS:

2-4-23-38-46 MEGA 23

Well, maybe Tuesday for the Billion?

Heard it was $970M at drawing time, so yeah, easily. But I'm betting someone won this one and sadly, it wasn't me.

RBA
03-31-2012, 01:03 AM
CBS News in Baltimore, Maryland confirms there is one Mega Millions Jackpot winner in Baltimore County

cincyinco
03-31-2012, 03:51 AM
Fudge

Stray
03-31-2012, 09:15 AM
I was rooting for a billion dollar extravaganza on Tuesday.

jojo
03-31-2012, 09:55 AM
Looks like three tickets will split a $640M jackpot.....

http://finance.yahoo.com/news/kan-ill-md-tickets-share-lottery-jackpot-120924228.html

Slyder
03-31-2012, 10:54 AM
I read a report that someone spent like $2,500 on tickets from last night.

This comes to mind when I read this.
Pewterschmidt pisses away 20 Grand - YouTube (http://www.youtube.com/watch?v=i3wOq2CPtjY)

JaxRed
03-31-2012, 11:40 AM
Some NBA guy spent $10,000. Said it was an investment.

RichRed
03-31-2012, 02:26 PM
Some NBA guy spent $10,000. Said it was an investment.

Hard to believe so many of those guys go broke.

AtomicDumpling
04-01-2012, 04:52 AM
Some NBA guy spent $10,000. Said it was an investment.

If he had bought all 175 million possible combinations he would have made a profit.

GAC
04-01-2012, 05:33 AM
If he had bought all 175 million possible combinations he would have made a profit.

Yeah, but how many years would it have taken him to fill out the tickets? :lol:

KronoRed
04-01-2012, 06:06 AM
Yeah, but how many years would it have taken him to fill out the tickets? :lol:

Around 30, and no one couldn't have just asked for 176 million quick picks, the systems would make repeats.:eek:

AtomicDumpling
04-02-2012, 05:38 AM
Yeah, but how many years would it have taken him to fill out the tickets? :lol:

... and how many years would it have taken to sort through all 175 million tickets to find the winner? :lol:

GAC
04-02-2012, 06:22 AM
I won just enough Friday to pay for my 18 holes of golf today. :D

bucksfan2
04-02-2012, 08:19 AM
If he had bought all 175 million possible combinations he would have made a profit.

Saw a 60 minutes years ago on an investment group who tried to buy up all the tickets. They got around 80% of the tickets and ended up winning. I forget how high the jackpot would have to be for a realistic chance to make a profit because of the chance of multiple winners.

On GMA they said an estimated $5 was spend for every person in America. What about a special lottery with the proceeds going to the national debt???!?!?!?!