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I know that the Mega Millions jackpot will be $323 Million tonight, and the Powerball jackpot will be $286 Million on Saturday. I am curious about all this. Do any of you know any lottery winners personally? If so, what happened to them and what changes occurred in their lives? I was always fascinated about stories of lottery winners, but I never met any lottery winners in person.
Was in a office lottery group, we won $5K / 10 people so we all wound up with $500.
One Office co/worker I Knew at a office level, but not at personal level, Won "Big enough" to "retire" early, I think it was a $50M jackpot (She netted about $13M)
About 30 years ago I knew a co-worker who had won a lottery. The story (from other people at the company) is that she and her sister had bought the ticket, and split the money. This was prior to Powerball, so it was probably a state lottery. I was never told how much money it was, but obviously not hundreds of millions, and perhaps not even a million dollars(?).
At any rate, the story as I heard it is a positive one. She was a single mom on welfare when she got the money. She used it to get a 2-year degree and then a job. Good for her. I don't know where she is today, and I never did meet the sister nor hear what she did with the money.
Big deal, most people who win the lottery are poor people on welfare. That's because most of the tickets sold are to poor people on welfare. And that is because the lottery is a terrible deal that no one should play. Many poor people play it because they see no other way out of their situation. The state takes 50% of your wager and dumps it in the treasury and the other half goes to some random player. The lottery is a wealth transfer scheme for poor people with a transaction fee worse than the mafia doing money laundering.
Now that I'm done ripping the lottery... why is this thread in "Current Events" anyway? MegaPoor and PowerPoor (what those two games should be called) have jackpots that exceed $100 million frequently.
Big deal, most people who win the lottery are poor people on welfare. That's because most of the tickets sold are to poor people on welfare. And that is because the lottery is a terrible deal that no one should play. Many poor people play it because they see no other way out of their situation. The state takes 50% of your wager and dumps it in the treasury and the other half goes to some random player. The lottery is a wealth transfer scheme for poor people with a transaction fee worse than the mafia doing money laundering.
Now that I'm done ripping the lottery... why is this thread in "Current Events" anyway? MegaPoor and PowerPoor (what those two games should be called) have jackpots that exceed $100 million frequently.
Do the poor buy most of the lottery tickets or do they just spend a more disproportionate amount of their income buying tickets?
I had a coworker win 5mm and she gave me 3 months notice before she quit
one was a retired multi-millionaire with a penchant for buying lottery tickets. He won modest amounts several times, mostly 6-figure payouts. Likely didn't make any money on this, he bought many thousands of tickets.
the other was also a businessman who had a gambling habit in his later years. He hit one lottery for $100K and another for $10K. Spent the winnings on the lottery and lost it all in less than two years.
He bought it at the liquor store across from work days or week(s) earlier, then stopped back in one Friday night for some after work snacks.
The owner mentioned that someone bought the winning at his store and it may be him.
He didn't pay any attention to it until he got halfway home, then decided he should make a U-turn and rush back to work as he had it locked in a community toolbox.
There it was.
He was an older fellow and I heard he he went through it pretty quickly via the wine, women, and song-route, as well as gifts or loans to long lost schoolmates and family members.
I know that the Mega Millions jackpot will be $323 Million tonight, and the Powerball jackpot will be $286 Million on Saturday. I am curious about all this. Do any of you know any lottery winners personally? If so, what happened to them and what changes occurred in their lives? I was always fascinated about stories of lottery winners, but I never met any lottery winners in person.
A friend of a friend won $3 million. My friend played the organ in church for her friend when the lottery winning friend wanted to travel. Other than travelling more, their lives changed very little after winning. They were in their 70's and had no children.
My neighbor across the street years ago won $50,000. I started noticing "toys" showing up in their driveway, and asked another neighbor what was up. They blew every penny in the span of 2 weeks. Young couple with 2 young kids. Stupid.
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