Here Is Why You Won't Win The Powerball

[Deepwater6]

http://www.cnn.com/2012/11/27/us/powerball-odds/index.html?hpt=hp_c2

 

I agree with some of the people in the article. The odds are insane, but for $2.00 it provides some quality daydreaming.

 

For some of the lucky few that win it's been the worst thing to ever happend to them. See below

 

http://www.cnn.com/video/?hpt=hp_t3#/video/us/2012/11/27/tsr-pkg-sylvester-lottery-winners-ruin.cnn

 

 

I think the only way to do it would be to not tell anyone. If you want to help Family and friends afterwards do it anoynomously. Those people who go up on stage and hold up that huge mock check are just asking for trouble from the get go.

[Turtle]

...

I think the only way to do it would be to not tell anyone. If you want to help Family and friends afterwards do it anoynomously. Those people who go up on stage and hold up that huge mock check are just asking for trouble from the get go.

 

alas not all states allow winners to remain anonymous. in many cases you must make yourself known and/or participate in lottery marketing schemes activities in order to receive the prize. standard disclaimer goes something like "the lottery is for entertainment only and not investment purposes." maybe lawcat will give us the lowdown.

Edited November 28, 2012 by Turtle

[DFINITLYDISTRUBD]

I'll stick with PCH, only costs postage for snail mail and time to enter online. I know I will very likely never win, but definitely won't if I don't enter.

[Deepwater6]

alas not all states allow winners to remain anonymous. in many cases you must make yourself known and/or participate in lottery marketing schemes activities in order to receive the prize. standard disclaimer goes something like "the lottery is for entertainment only and not investment purposes." maybe lawcat will give us the lowdown.

 

Always a catch. I'm sure it says something like that on the wee semi-transparent writing on the back of the ticket. I guess I would have to break out a good disguise for the stage.

 

Latest is $550 large. $360 take home before taxes. I'm a take it all kind of guy as opposed to annuity how about you? If you die while taking the annuity do they still give it to your estate or does it stop when you die?

 

 

http://abcnews.go.com/US/powerball-jackpot-swells-550-million-lotto-fever-sweeps/story?id=17824498&page=2

[Turtle]

Always a catch. I'm sure it says something like that on the wee semi-transparent writing on the back of the ticket. I guess I would have to break out a good disguise for the stage.

 

Latest is $550 large. $360 take home before taxes. I'm a take it all kind of guy as opposed to annuity how about you? If you die while taking the annuity do they still give it to your estate or does it stop when you die?

 

 

http://abcnews.go.com/US/powerball-jackpot-swells-550-million-lotto-fever-sweeps/story?id=17824498&page=2

 

yep. sometimes it's better to give ernest consideration to letting the big one get away. ;)

 

i didn't buy a ticket -yet- but some friends did & i would know them even in a wig & glasses. :lol:

 

so i found some stuff on the annuity and what to do/expect if you win and have the link below. in direct answer, yes the annuity can/does transfer to heirs. it's a cautionary tale however, as the article relays.

 

Can You Pass Your Lottery Winnings Down When You Die? By Mary Gallagher, eHow Contributor

[Deepwater6]

Wow, reading that I hope no one decides to bequeath their winnings to me. Leave it to the U.S. Government and the IRS to make something like that more trouble than it's worth.

Edited November 29, 2012 by Deepwater6

[Deepwater6]

http://abcnews.go.com/US/suspect-dee-dee-moore-cries-court-abraham-shakespeare/story?id=17833593

 

And this is why you have to wear the diguise!!!

[Deepwater6]

http://abclocal.go.com/wpvi/story?section=news/national_world&id=8902776

 

Well it's good to see a run of the mill middle class couple win it. By their comments they seem to understand what huge pitfalls lay ahead for them. As stated in the article "they will be coming out of the wood work". Yeah that's for sure.

 

I hope they learn to cope with it and get to enjoy themselves. It also seems that they are the type of people that will help others in need.

 

Think about how surreal it must be for them at this point. I've been getting up early in the morning to go to work for 25 yrs. I'm so used to it I don't need an alarm clock anymore. I'm sure this guy has too. Now he won't have to worry about that ever again if he chooses to stop working.

 

I imagine he will go through the same struggles many retirees go through mentally. It does strange things to people. Some of the people I have worked with for many years often talked excitedly of the day they could retire and when that day came I saw them crying as they walked out the door. Many working people have to spend more of their daytime adult life at work and only 3-4 hours of waking time at home. The place becomes a part of you.

[lawcat]

maybe lawcat will give us the lowdown.

 

Florida Lottery winners cannot remain anonymous. Florida law mandates that the Florida Lottery provide the winner’s name, city of residence, game won, date won and amount won to any third party who requests the information; however Florida Lottery winners' home addresses and telephone numbers are confidential. http://flalottery.com/inet/aboutus-questionsMain.do#Q17

B)