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Old 01-14-2016, 07:07 AM   #101
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$2 - down to the tube!
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Old 01-14-2016, 07:37 AM   #102
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Winning ticket sold 3 miles from my house. Not my ticket.... I can say with fairly high confidence that this will be the closest I come to ever winning.
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Old 01-14-2016, 08:42 AM   #103
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Winning ticket sold 3 miles from my house. Not my ticket.... I can say with fairly high confidence that this will be the closest I come to ever winning.
Horse shoes and hand grenades.
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Old 01-14-2016, 09:22 AM   #104
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What are the odds that there would be 3 winners of the jackpot, and all three are in states that don't tax lottery winnings?


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Old 01-14-2016, 02:28 PM   #105
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I gamble a lot but this is the first time I've bought lottery tickets in more than a year. Bought 10 tickets. Got one number... Not my game....
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Old 01-14-2016, 02:52 PM   #106
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What are the odds that there would be 3 winners of the jackpot, and all three are in states that don't tax lottery winnings?


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Not too hard to figure out if you have a bit more data.

The odds of having three winners is just the % of numbers covered, times itself three times. 1/x * 1/x * 1/x.

Quote:
Officials with the Multi-State Lottery Association, which runs the Powerball game, said they expected more than 85 percent of the possible number combinations would have been bought for the drawing.
so if it was 87%, that is (0.87)^3 = 0.658503; so ~ 66% chance that three would win.

Now multiply that times a similar calculation based on the distribution of sales in tax-free states versus all states...

PS - one winner was in CA (has a State Income Tax), the other was in FL (no SIT), and one was TN (no SIT, but tax on int/divs). So 7 of the 44 states in the Powerball have no SIT (and then there is PR, VI, DC, I assume each has a local Income Tax?). So even 2 out of three in that small group seems like slim odds, but you'd need to do it with sales #'s, though TN and FL ought to be fairly typical?

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Old 01-14-2016, 03:08 PM   #107
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What are the odds that there would be 3 winners of the jackpot, and all three are in states that don't tax lottery winnings?


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I hope large groups of people won, not just three individuals. There is certainly enough to go around. Good luck to all who won - hope they keep their heads on straight.
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Old 01-14-2016, 03:26 PM   #108
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I hope large groups of people won, not just three individuals. There is certainly enough to go around. Good luck to all who won - hope they keep their heads on straight.
CA winner is just one individual, it seems like.
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Old 01-14-2016, 04:37 PM   #109
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I saw somewhere that they sold 440 million tickets for the previous drawing. Anyone knows how many were sold for this most recent drawing?
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Old 01-14-2016, 04:39 PM   #110
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PS - one winner was in CA (has a State Income Tax), the other was in FL (no SIT), and one was TN (no SIT, but tax on int/divs). So 7 of the 44 states in the Powerball have no SIT (and then there is PR, VI, DC, I assume each has a local Income Tax?). So even 2 out of three in that small group seems like slim odds, but you'd need to do it with sales #'s, though TN and FL ought to be fairly typical?

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Pretty sure lottery winnings are exempt from taxes in CA.
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Old 01-14-2016, 04:39 PM   #111
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Well I hit the Powerball number on 2 lines-I will get $8. That was $8 more than I got on Saturday
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Old 01-14-2016, 04:45 PM   #112
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Pretty sure lottery winnings are exempt from taxes in CA.
Yup. Surprisingly.
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Old 01-14-2016, 05:56 PM   #113
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Pretty sure lottery winnings are exempt from taxes in CA.
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Yup. Surprisingly.
I did not know that! PA too.

from cnbc:

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The luckiest Powerball winner would be someone who is a resident of Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming those states participate in Powerball but do not have a personal income tax. California and Pennsylvania also exempt lottery winnings from state income tax if you bought the ticket in state, according to lottery information site USAMega.com.
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Old 01-14-2016, 08:07 PM   #114
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I hope large groups of people won, not just three individuals. There is certainly enough to go around. Good luck to all who won - hope they keep their heads on straight.
Bless you my wife echoed that sentiment
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Old 01-14-2016, 08:14 PM   #115
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Erd, according to a lottery website, California doesn't tax lottery winnings. So it is 3 of 3 not taxing the winnings.


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Old 01-14-2016, 09:11 PM   #116
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Erd, according to a lottery website, California doesn't tax lottery winnings. So it is 3 of 3 not taxing the winnings.


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Right, that got straightened out a few posts later.

So you'd still need to get stats on tickets sold in the non-lottery state tax states versus others, but three out of three is pretty unlikely.

But for very rough numbers, assume even distribution of sales across states, that's 9 tax free lottery states out of 44 powerball states, so (9/44)^3 =

(9 ∕ 44)^3 ≈ 0.0085579452 so ~ 0.86% that all three winners would be in no state tax states. One in 117 odds, slim, but a lot better than the lottery itself!

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Old 01-14-2016, 09:16 PM   #117
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Well I guess I can stop looking for a ranch in Jackson Hole.


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Old 01-15-2016, 12:08 PM   #118
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Here's about the worst thing to do with your ticket, go on national TV in NYC with ticket in hand and show it to the world.

https://twitter.com/alroker/status/6...806280/photo/1

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Old 01-15-2016, 12:11 PM   #119
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Here's about the worst thing to do with your ticket, go on national TV in NYC with ticket in hand and show it to the world.
Hey, I know that guy! I should give him a call.


I won $8 of my $10 worth of tickets. First time I've ever won a penny, since I rarely play. But I did win a few bucks on my fantasy football team this year, so I'm still ahead.
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Old 01-15-2016, 12:17 PM   #120
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More on that story. It was their lawyer's advice to go on TV.

http://www.today.com/news/powerball-...ay-show-t67276
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"I think the American public wants to hear from them, and even though they want to be private after this is over, they want to let the public know that they're the winners,''
Worst legal advice I've heard in a long time.
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