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Megamillions is raising the price per ticket to $2 and worsening the odds starting October 25th. Hope I win prior to that date.
This was the first I had heard of a price change. The good news is that odds for winning the 2nd prize of a million bucks got better.
Following are the changes to MegaMillions, which go into effect Oct. 31
Ticket price will increase from $1 to $2.
Players will pick five numbers from 1 to 70 in the first set of numbers, instead of 1 to 75.
Players will pick one number from 1 to 25 in the second set of numbers, instead of 1 to 15.
Chances of winning the jackpot will decrease from 1 in 258.9 million to 1 in 302.6 million, while the chance of winning any prize -- which will run from $2 to the jackpot -- will go from 1 in 14.7 to 1 in 24.
The odds of winning the second-place $1 million prize will get better - from 1 in 18.5 million to 1 in 12.6 million.
Non-jackpot prize payouts will change. Third prize will increase from $5,000 to $10,000. Fifth prize will increase from $50 to $200. Sixth and seventh prizes will increase from $5 to $10. Eighth prize will increase from $2 to $4 and ninth prize will increase from $1 to $2.
Jack Whittaker is a FOF. I never met him but I did a quote for a proposed business in WV. His life became a misery. See wiki.
There's several TV specials about losers winning and winners building fancy houses and winners losing big time.
My lesson learned is you are are who you are.
"You is who you is" Toot toot.
Jack was a rich guy before he won! His life went to $h!T quickly after the win though....
Last edited by City Guy997S; 08-06-2017 at 01:50 PM..
I was in Toronto when their national lottery hit 50 million (huge for them, many rollovers). Interesting enough that the jackpot there is not taxable but as a US citizen it would be taxable to me. So for just shy of 20 million dollars extra would it be worth it to denounce your citizenship?
I met a lottery winner about 10 years ago at a friend's wedding. The lottery winner hit it big in the lottery about 15 years ago (don't know the exact amount but enough to not work anymore).
Here is what happened to him according to my friend who is good friends with the guy:
-The guy was in his 20's when he won and he was living in Las Vegas at the time;
-He initially took "annual payments" and began partying like a rock star: booze, women, strip clubs, etc.
-Three years into this he woke up one day and realized he was going to be another chump lottery winner who blew all his money
-So he arranged to get a lump sum payment for the remaining amount. He used this cash to invest in an office building in Phoenix, Arizona. Slowly but surely he built a real estate portfolio with his cash flow.
-Last I heard he was happily married and still living in Las Vegas.
Last edited by Astral_Weeks; 08-06-2017 at 04:39 PM..
I met a lottery winner about 10 years ago at a friend's wedding. The lottery winner hit it big in the lottery about 15 years ago (don't know the exact amount but enough to not work anymore).
Here is what happened to him according to my friend who is good friends with the guy:
-The guy was in his 20's when he won and he was living in Las Vegas at the time;
-He initially took "annual payments" and began partying like a rock star: booze, women, strip clubs, etc.
-Three years into this he woke up one day and realized he was going to be another chump lottery winner who blew all his money
-So he arranged to get a lump sum payment for the remaining amount. He used this cash to invest in an office building in Phoenix, Arizona. Slowly but surely he built a real estate portfolio with his cash flow.
-Last I heard he was happily married and still living in Las Vegas.
Not calling you out but Las Vegas has never had a lottery (even to this day).
Taking the lump sum buyout from a 3rd party(aka JC Wentworth) literally gets you pennies on the dollar.
Not calling you out but Las Vegas has never had a lottery (even to this day).
Taking the lump sum buyout from a 3rd party(aka JC Wentworth) literally gets you pennies on the dollar.
Living in Vegas does not mean he got the ticket in Nevada, He could have purchased a ticket when he was out of state for some reason.
Many Lotteries give you the option to change from Annual payment to Lump Sum in the first few years after you won.
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The good news is that odds for winning the 2nd prize of a million bucks got better.
