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View Poll Results: Have You Bought Your Powerball Tickets?
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Yes
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44 |
55.00% |
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No, and I won't
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35 |
43.75% |
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No, but I likely will before tonight's draw
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1 |
1.25% |
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11-28-2012, 04:01 PM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,695
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 Quote:
Originally Posted by easysurfer
No, I won't. So my chance of winning is 0% versus about .0000000001%  .
That said, good luck to those who got a ticket. |
Good one! 
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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11-28-2012, 04:06 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 3,901
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With LBYM I have trouble spending $500, so thinking how to spend $500 million makes me feel sick.
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11-28-2012, 04:31 PM
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#23
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 331
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I haven't purchased a ticket in a LONG time, but, I just walked down to the local convenience store just now and there was a couple dozen people lined up... I was like what is going on, is the register broken? Then I realized that this was the lottery line. I normally don't carry much cash but actually had $5 in my wallet. So, when my turn came up I asked for 5 tickets, quick pick. She came back and told me that will be $10!! I was like, nooooo... I just wanted 5 tickets! I only have $5! She informed me that they now cost $2 each. I had to run back home, get my ATM card and I quickly drove back and payed her. I don't know if I would have bought them if I had known they had doubled in price. Oh well, I have thrown $10 away before and probably will again.
Good Luck everyone!
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11-28-2012, 04:47 PM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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Quote:
Originally Posted by JustMeUC
I haven't purchased a ticket in a LONG time, but, I just walked down to the local convenience store just now and there was a couple dozen people lined up... I was like what is going on, is the register broken? Then I realized that this was the lottery line. I normally don't carry much cash but actually had $5 in my wallet. So, when my turn came up I asked for 5 tickets, quick pick. She came back and told me that will be $10!! I was like, nooooo... I just wanted 5 tickets! I only have $5! She informed me that they now cost $2 each. I had to run back home, get my ATM card and I quickly drove back and payed her. I don't know if I would have bought them if I had known they had doubled in price. Oh well, I have thrown $10 away before and probably will again.
Good Luck everyone!
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At least the walk and run back got you some exercise . Good luck!
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11-28-2012, 04:57 PM
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#25
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Full time employment: Posting here.
Join Date: Jan 2011
Posts: 586
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$1 per year for 400M years. 
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11-28-2012, 05:17 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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No time to buy a ticket today, as I was at work. Next time maybe.
Quote:
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Originally Posted by haha
I got mine!
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__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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11-28-2012, 05:22 PM
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#27
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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I sure hope if we have a "winnah" here , s/he will let the rest of us know.
omni
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11-28-2012, 06:33 PM
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#28
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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SO bought ours . Believe me if we win you will you will all know !
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11-28-2012, 06:39 PM
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#29
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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Lets see, cash option and after taxes maybe around $270 million. Hardly worth buying a ticket for. The lottery is truly a regressive tax on those who can least afford it.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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11-28-2012, 07:10 PM
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#30
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Full time employment: Posting here.
Join Date: May 2010
Posts: 996
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I had DW pick ours up today. Have not bought a lottery ticket in many years. And I really didn't care for those odds of winning at 1 in 175 million so I got 5 tickets. Now my odds are 5 in 175 million so just under two hours now until I ER!
__________________
Wherever you go, there you are.
(In other words, no whining!)
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11-28-2012, 08:18 PM
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#31
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Full time employment: Posting here.
Join Date: May 2012
Posts: 854
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I didn't buy a ticket this time, but years ago before there were multi-state lotteries, a co-worker harassed me into buying a state lotto ticket when the odds of winning the jackpot were something like 1:2,000,000 but the jackpot was $5 million. I discovered that it was a dollar well spent although I won nothing. The wonderful daydreams I had all afternoon at work were worth a lot more than $1.
BTW, because they increased the cost of a Powerball ticket this year from $1 to $2, you have to double all of the odds to see what the true odds are for a $1 bet versus the payout. Then there also the possibility of multiple winners to share the jackpot, plus the fact that you buy a ticket with after-tax $$ but win pre-tax $$.
In 1992, an Australian syndicate attempted to buy up all 7 million possible combinations for the Virginia lottery when the jackpot got up to $27 million. They ran out of time and only could buy about 5 1/2 million tickets, but they did in fact buy the winning numbers and had the only winning ticket.
Australian Lotto Group Won't Divulge Winners - Orlando Sentinel
http://www.nytimes.com/eyeblaster/addineyeV2.html
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11-28-2012, 10:56 PM
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#32
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,599
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You betcha! DW bought them this time for a change in luck. And she picked the numbers instead of me buying quick picks.
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11-29-2012, 04:17 AM
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#33
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Full time employment: Posting here.
Join Date: May 2010
Posts: 996
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I can't believe I forgot to rub my lucky four leaf clover over my tickets! 
__________________
Wherever you go, there you are.
(In other words, no whining!)
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11-29-2012, 05:01 AM
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#34
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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I didn't win either. But perhaps that's because I forgot to buy a ticket. Buying a lottery ticket is the type of thing I'll do perhaps once a month if I'm in the store and if I think of it at the time.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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11-29-2012, 05:29 AM
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#35
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Someone in Missouri was recorded having this phone conversation:
"Pack your bags, honey, I just won the lottery!"
(Squeals) "What should I pack? Where are we going? The Caribbean beaches? The Alps to ski? Broadway? Paris?"
"I don't care where you go, I just want you out of there when I get home."
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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11-29-2012, 06:05 AM
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#36
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2007
Posts: 5,596
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__________________
I purr therefore I am.
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11-29-2012, 06:16 AM
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#37
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Recycles dryer sheets
Join Date: Aug 2009
Location: westerville
Posts: 262
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The after tax payout of $270 million with a 4% WD rate is approx $29K per day. That would take some W*rk ...I think I would come out of retirement for that job.
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11-29-2012, 07:21 AM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,363
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11-29-2012, 10:53 AM
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#39
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 337
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Quote:
Originally Posted by easysurfer
No, I won't. So my chance of winning is 0% versus about .0000000001% . |
I figured if I waited until today, I could buy more than half of yesterday's tickets for about $00.0000000001, and still have about the same chance of winning.
In truth, I considered buying my first ever lottery ticket yesterday. A quick calculation of the supposed estimated cash value of the prize divided by the published odds of winning made it look acceptable. However, then I took into account the chance one or more other tickets would be sharing that estimated cash value, and the economist in me would not let me waste the money. 
Instead I saved my $2, and thus expect to have roughly an additional $0.08 available to spend every year for quite a long time relative to my life expectancy.
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11-30-2012, 11:32 AM
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#40
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 337
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