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PSA: Mega Millions at 266 Mill-Update: someone won in CA

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So, if you just want a quick pick, do you just go to the convenience store counter?

I may just start spending $1 a week.
 
RaistlinZ said:
You can also rationalize playing the lottery as just donating $1.00 to education every week, since that's where the money goes. That $1.00 probably would have just gone to junk food anyway.
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In California, only 34 cents of your $1 goes to education. 50 cents goes to someone else as a prize. 16 cents disappears into administration.

There are a lot better way to help the schools.
 
Mike Gayner said:
Wut? You guys pay tax on lottery winnings? What about if you win money as a casino or on a horse? Tax on windfalls is ridiculous.
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We pay taxes on ALL winnings, from casino to race track to lottery to scratch off ticket to radio/tv contest to new car to motorbike to free vacation to free wedding to game show and so on as long as the winning amount or prize is worth more than $600.

Heck, even the people that got new houses/home improvement freebies on shows such as ABC's Home Extreme Makeover have to pay taxes.

Remember that gay guy won the prize on Survival? Richard Hatch thought he did not need to pay taxes on his $1 million prize. He thought wrong and went to prison for tax cheat. Don't mess with the IRS, even Al Capone went to prison because of tax problems.

Let me win the jackpot and I will be more than glad to pay the full amount of taxes to the taxing agencies (after consulting with the best tax accountant money can buy of course).
 
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Train said:
Not what I was getting at, but anyways, the odds of winning ARE better than 1:224M

Mega millions odds are 1:175,711,536
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Your theory is still false. I play poker professionally, so yes, I understand pot odds. Your bankroll needs to be in excess of ~1bil for pot odds to even matter in this situation. The math was done out not to long ago on 2+2 iirc.
 
texas lotto has better expected value as the cash jackpot is 55 million. odds of winning are 1 in 26 million. so the expected value of a $1 ticket is over $2.
 
I don't usually gamble, at all, but if they made it easier to play (like not having to go out and buy a ticket), I'd throw in a $1 every few days.
 
Millions would be nice, but all I really need is less than $100k to take care of my debts 🙁. Then I can start investing my extra money I make at my job and work from there...
 
After I win tonight, I'm gonna head over to the Ford dealership and order me one of those new Shelby Mustangs.
 
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