PowerBall to be $1.3 BILLION

10m? Have you calculated this? Sounds a bit much tbh, I'd crunch the numbers properly if I were you, might affect your risk assessment :D
 
Diddums said:
10m? Have you calculated this? Sounds a bit much tbh, I'd crunch the numbers properly if I were you, might affect your risk assessment :D
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He's not that far off. :p :D

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Still increasing, now at "$1,500,000,000; cash value at $930M ". At this rate the lump sum will actually be at $1b by the draw.
 
Lottoland sounds like an amazing business... for the owner. Increasing the chances of winning huge sums of money by selling overpriced tickets to other people. Smart.
 
satchef1 said:
Lottoland sounds like an amazing business... for the owner. Increasing the chances of winning huge sums of money by selling overpriced tickets to other people. Smart.
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i'll just pop down to the petrol station and get a couple of tickets :)
 
well my scan of the ticket from the lotter has come through....

they state on their site they purchase tickets in Florida... they've gone and got me one from New Jersey.... which is slightly annoying as when I win I'll have 3% in state taxes deducted! Florida on the other hand doesn't impose a tax on lottery winnings.
 
Sweet, £12.62 topcashback on opening a lottoland account with a minimum £2 deposit and they are doing 2x euromillions tickets for £2 at the moment.

easy money
 
Been playing the last two times with a group at work. Just put money in again for the third time. At least 1.4 billion dollars the last time I looked. Guy worked it out today that if you took the cash, you would lose around a billion in taxes etc Nuts!

The lines for the ticket machines when I went to the wawa were crazy.

The interesting thing was that the first thing the guys said was "lawyer up" as the first thing you do. Don't even say you have won or let on etc, and get non-disclosure agreements in place etc. lol. The lottery, serious business!!!

(EDIT: Just read it is gonna be at least 1.5 billion).
 
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Scougar said:
Been playing the last two times with a group at work. Just put money in again for the third time. At least 1.4 billion dollars the last time I looked. Guy worked it out today that if you took the cash, you would lose around a billion in taxes etc Nuts!
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how did he work that out, he's way off as far as I can tell - for US tax payers the federal withholding tax is 25% you then may or may not have some state tax(and city) on top of that (depending on where you live)... it isn't going to come to 1 billion... it is like 30-something % at worst and the cashvalue for the jackpot is currently a bit less then a billion - your tax on that would therefore be $2XX - $3XX Million
 
I signed up to lotto land and didn't get to choose my numbers for the free ticket, they were automatically assigned.
As they are just betting on the outcome rather than actually buying tickets on your behalf, the sceptical side of me is wondering whether all the free tickets have the same numbers (therefore less chance of their "free" plays matching the winning numbers).
 
EvilRob said:
I signed up to lotto land and didn't get to choose my numbers for the free ticket, they were automatically assigned.
As they are just betting on the outcome rather than actually buying tickets on your behalf, the sceptical side of me is wondering whether all the free tickets have the same numbers (therefore less chance of their "free" plays matching the winning numbers).
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They're different on each ticket.

Plus imagine the paperwork nightmare if they gave everyone the same numbers and it won :D
 
EvilRob said:
I signed up to lotto land and didn't get to choose my numbers for the free ticket, they were automatically assigned.
As they are just betting on the outcome rather than actually buying tickets on your behalf, the sceptical side of me is wondering whether all the free tickets have the same numbers (therefore less chance of their "free" plays matching the winning numbers).
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One way to find out, here's mine...

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lottoland website crashed for me.

still not convinced that they would pay out the full amount. cant believe their insurance covers wins up to the size of US Powerball...
 
Is there any way to check whether this lottoland website is legit?

I checked the UKGC website and it says Status Surrendered, what does that mean?

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dowie said:
how did he work that out, he's way off as far as I can tell - for US tax payers the federal withholding tax is 25% you then may or may not have some state tax(and city) on top of that (depending on where you live)... it isn't going to come to 1 billion... it is like 30-something % at worst and the cashvalue for the jackpot is currently a bit less then a billion - your tax on that would therefore be $2XX - $3XX Million
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If you take the lump sum and factor in taxes isn't it close to 500-600 million mark, so a billion off the advertised rate we're seeing for the lotto draw. I don't know how it works out but I was reading the lump sum payment is 800-900 million and the annuity payment would actually payout 1.5 billion (taxes not deducted)

dowie said:
well my scan of the ticket from the lotter has come through....

they state on their site they purchase tickets in Florida... they've gone and got me one from New Jersey.... which is slightly annoying as when I win I'll have 3% in state taxes deducted! Florida on the other hand doesn't impose a tax on lottery winnings.
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Mine was bought in Florida luckily, not that I'll have to worry about any potential taxes ;) but good to know if I win I won't be hit with a bill worth 5-10's of millions :D
 
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