... on winning the Lottery / PowerBall

Quote from limitdown:

musings on winning the Lottery....


...) have you ever noticed they always pick some hick, way off in west-end no-where?

....) have you ever noticed they soak all the suckers in all the major cities, who play the Lottery with their bottom dollars, even, their kid's milk money?

...) a little known fact isthe tax on Lottery winnings starts at 50%

....) a little known fact is Lotteries take in $2 for every $0.75 - $1 they pay out

...) the recent $350 million dollar Lottery won by two people living in WestEnd NoWhere, brought in roughly $700 million in receipts
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The current breakeven jackpot for a $2 powerball play is $287,281,536. By the time you add in taxes and the whole cash-versus-annuity nonsense (I want cash!), it probably doesn't make sense to buy in before the jackpot hits $400M.

The recent jackpot had a lumpsum of $221M so no sale.

The good news is that when California joins the Powerball next month, there will be a lot more suckers to grow the jackpot faster. :p
 
Quote from limitdown:

musings on winning the Lottery....


...) have you ever noticed they always pick some hick, way off in west-end no-where?

....) have you ever noticed they soak all the suckers in all the major cities, who play the Lottery with their bottom dollars, even, their kid's milk money?

...) a little known fact isthe tax on Lottery winnings starts at 50%

....) a little known fact is Lotteries take in $2 for every $0.75 - $1 they pay out

...) the recent $350 million dollar Lottery won by two people living in WestEnd NoWhere, brought in roughly $700 million in receipts
More...

Ok, this is obviously a prelude to your announcement of some other opportunity to gain $350 million. Don't hold out on us!
 
We have a nice scholarship program in TN thanks to the lottery. Everyone who meets the educational requirements gets $2-4,000. It's not necessarily a joke either as far as requirements go.

I believe you get like $4,000 a year if you go to a 4yr school and $2,000 a year for a 2 yr school. Up to 4 years as long as you maintain the grade requirements. I went to school out of state for a year so I lost it :(

Just wanted to mention a perk of having the lottery lol. Also, anytime I play I play MegaMillions. Instead of $2 a ticked like powerball it is only $1. So you can buy twice the chances for the same price!

ORRR if you are feeling a little crazy you can play the TN Cash game which starts around a $2-400,000 jackpot I think and it's odds are like 1 in 1 million or so. Significantly better than the BIG jackpots. Either way still terrible odds lol
 
Quote from Lucrum:

I occasionally buy ONE ticket. The odds are absurd but sooner or later someone does win, and you can't win if you don't play.
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Hard working people won this chance Lucrum! Not parasites like you talk about all the time on ET.

("We all get up in the morning and go to work.")


http://www.myfoxphilly.com/story/21790654/338m-nj-powerball-winner-says-hell-help-family

The winner of a $338 million Powerball jackpot told several media outlets Monday that his first priority will be helping his family.



Quezada told reporters in Spanish that he was "very happy" and that he intends to help his family.





The family's apartment sits at the end of a short dead end block that abuts a highway in Passaic, 15 miles northwest of New York City. Neighbors stood out in the rain Monday night and spoke with pride that one of their own had struck it rich.


Vazquez described Quezada and his wife as "quiet and not overly talkative" but sensed that they seemed to be working all the time.

"This is super for all of us on this block," she said. "They deserve it because they are hardworking people."

Richard Delgado, who lives down the block from Quezada's building, said the man was "a hard worker, like all of us here. We all get up in the morning and go to work."

Delgado said he got up Sunday morning and was going to take his dog for a walk when he heard the radio announce the Powerball results.

"When I heard there was one winner and it was in New Jersey, I immediately went and checked my tickets," Delgado said. "I wanted to be that guy."

When asked what it would be like to suddenly win such a large amount, Delgado said a person would have to set priorities.

"No. 1 is your health, because if you don't have that, the rest doesn't matter," he said. "No. 2 is your family. You take care of your own and live the rest of your life in peace. That's all anyone can do."

:)
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I'll tell you what my Dad used to do and seemed to win at least one item almost every year. He would enter every local contest or raffle. He hit on this decades ago when he would walk to lunch and cut through a department store. They would have a contest regularly and he'd throw his name in the bucket. He won shoes, ties, a sweater, and the big one then(~20+ years ago), a 32" Sony in a Teak wood case with sliding door and matching VCR stand. Damn thing was so big they almost didn't make it through the door of his house.
Local offers small population and in general much lower odds to win whatever. He watched for church raffles etc after this and kept winning a few things on a regular basis until he passed away.
 
Quote from trendlover:

Quote from Lucrum:

I occasionally buy ONE ticket. The odds are absurd but sooner or later someone does win, and you can't win if you don't play.
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Hard working people won this chance Lucrum! Not parasites like you talk about all the time on ET.

Quezada told reporters in Spanish that he was "very happy" and that he intends to help his family.

"No. 1 is your health, because if you don't have that, the rest doesn't matter," he said. "No. 2 is your family. You take care of your own and live the rest of your life in peace. That's all anyone can do."

:)
More...

Yes, the hard working guy who has been here 25 years and refuses to speak the language. The hard working guy who has money for lottery tickets but doesn't pay child support. Guess the family ain't all that important after all.

The New Jersey man who won the $338 million Powerball jackpot owes approximately $29,000 in child support.

Authorities stopped by Pedro Quezada's Passaic apartment on Wednesday, one day after the 44-year-old claimed a lump-sum payment worth $221 million, or about $152 million after taxes. No one answered the door.
More...
 
Quote from CaptainObvious:

Yes, the hard working guy who has been here 25 years and refuses to speak the language. The hard working guy who has money for lottery tickets but doesn't pay child support. Guess the family ain't all that important after all.

The New Jersey man who won the $338 million Powerball jackpot owes approximately $29,000 in child support.

Authorities stopped by Pedro Quezada's Passaic apartment on Wednesday, one day after the 44-year-old claimed a lump-sum payment worth $221 million, or about $152 million after taxes. No one answered the door.
More...

Hmm, sounds like a professional athlete, a hard working guy who speaks a different form of English, if it is English, and owes child support, usually to a few mammas. Of course he claims he doesn't have enough money to pay it.:D
 
Quote from CaptainObvious:

Yes, the hard working guy who has been here 25 years and refuses to speak the language. The hard working guy who has money for lottery tickets but doesn't pay child support. Guess the family ain't all that important after all.

The New Jersey man who won the $338 million Powerball jackpot owes approximately $29,000 in child support.

Authorities stopped by Pedro Quezada's Passaic apartment on Wednesday, one day after the 44-year-old claimed a lump-sum payment worth $221 million, or about $152 million after taxes. No one answered the door.
More...
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http://www.northjersey.com/news/ber...owes_29000_in_child_support_sheriff_says.html
snip

Bill Maer, spokesman for the Sheriff’s Department, said that the unpaid child support payments go back to 2009, and that the warrant is several years old.

snip

In 2009, there was a fire at the bodega he and his son operated for years, and that same year Quezada went through a foreclosure on a property he had bought three years earlier, according to public records.
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So he have some very hard times like (MANY AMERICANS) in the time of 2006 to now.
He have 5 children from 5 years old to 23 years old and not have problems until 2009. So you want to judge he is not hard worker, or not taking care of his family?
He is working 18 hrs in the day for many many years in his bodega. Who is he talking to all the time? He is talking to his customers that speak spanish to him, and to his family. So he is not hearing English enough to learn because he is working so much only around spanish speaking customers. Is this crime? You will see he will learn now because he have time. His children will teach him.

("In 2009, there was a fire at the bodega he and his son operated for years, and that same year Quezada went through a foreclosure on a property he had bought three years earlier, according to public records.")


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http://abcnews.go.com/Business/powerball-winner-pedro-quezada-money-change-heart/story?id=18816384

A New Jersey bodega owner who emigrated from the Dominican Republic stepped forward today as the winner of a $338 million Powerball jackpot. Pedro Quezada's life of 18-hour workdays is all behind him and he now plans to help those in need.

snip

Until last year, Quezada had woken up at 5 a.m. to open his bodega and stayed until closing time at 11 p.m., he said. His son had taken over operations of the store, but with his windfall, Quezada said he plans to relieve his son of the job.

Quezada brushed away questions about a fire at his store and a robbery at his apartment in recent years, saying he instead wanted to focus on the future.

"My life has changed," he said. "It will not change my heart."
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