petitepedal ★ Posted January 8, 2021 Share #1 Posted January 8, 2021 Powerball or Mega Millions? They did a pool earlier this week..$12 per person ( too much $$$ if you ask me)...that yielded us $2. Yesterday we kicked in another $8 each That is probably our 6 month quota on lotto tickets... Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted January 8, 2021 Share #2 Posted January 8, 2021 You would get better odds at the casino so think of it as an entertainment ticket. 1 Link to comment Share on other sites More sharing options...
Popular Post Kirby Posted January 8, 2021 Popular Post Share #3 Posted January 8, 2021 I never buy tickets on my own, and my workplace has never done a pool, If they did, I would go in, however, just for insurance that I'm not the feature in a news story about how the whole office won a fortune and quit except for the one person who chose not to go in on the tickets. 1 6 Link to comment Share on other sites More sharing options...
BR46 Posted January 8, 2021 Share #4 Posted January 8, 2021 I will probably buy a ticket Link to comment Share on other sites More sharing options...
BuffJim Posted January 8, 2021 Share #5 Posted January 8, 2021 I’ll probably drop $8 today. 1 Link to comment Share on other sites More sharing options...
2Far ★ Posted January 8, 2021 Share #6 Posted January 8, 2021 The last time it was big, Wo2 dropped a $20 on tickets. We didn't hit a single number, we shoulda gotten some kind of a booty prize for that. Link to comment Share on other sites More sharing options...
2Far ★ Posted January 8, 2021 Share #7 Posted January 8, 2021 I've thought for years that they should split the prize when it gets over, say $10M. They could make a lot more folks happier than rather ruining one person's life with $200M after taxes, etc. Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted January 8, 2021 Share #8 Posted January 8, 2021 I start playing when they get over $200 million. That way I don't waste my money when the jackpots are lower. I just read a book that says that more affluent people play the lottery that way with a set starting point while it's more likely that poorer people play the lottery all the time in the vain hopes that a winning ticket will get them out of debt. So in a way, the poor subsidize the rich by building up the jackpots at the start. Personally I'd be afraid of having that much money. I could get stupid fast. The second place prize of $1 million would be OK with me. 2 Link to comment Share on other sites More sharing options...
petitepedal ★ Posted January 8, 2021 Author Share #9 Posted January 8, 2021 1 hour ago, Kirby said: I never buy tickets on my own, and my workplace has never done a pool, If they did, I would go in, however, just for insurance that I'm not the feature in a news story about how the whole office won a fortune and quit except for the one person who chose not to go in on the tickets. Me too...I wasn't here on Tuesday when they bought the first round..my coworker kicked in for me. Link to comment Share on other sites More sharing options...
donkpow Posted January 8, 2021 Share #10 Posted January 8, 2021 Nope. Link to comment Share on other sites More sharing options...
ChrisL Posted January 8, 2021 Share #11 Posted January 8, 2021 I was buying a drink at a 7/11 last weekend & as I’m about to check out WOChrisL texts me to buy some tickets. I haven’t purchased any since now that it has grown. Link to comment Share on other sites More sharing options...
shootingstar Posted January 8, 2021 Share #12 Posted January 8, 2021 I've been in those work related lottery pools only about less than 5 times in all years at work. I would be concerned the amount of effort and cost...to avoid being hit with mega taxes over the years. (even if the lst year the lump sum is tax-free...for certain lotteries, I think. I haven't looked into Canadian tax law much...) Link to comment Share on other sites More sharing options...
Kzoo Posted January 8, 2021 Share #13 Posted January 8, 2021 3 minutes ago, shootingstar said: to avoid being hit with mega taxes over the years. Yeah, the very worse part about having to pay mega taxes it that you have to earn (or win) uber dollars to qualify for mega taxes, or so I've been told. It's a terrible thing. Link to comment Share on other sites More sharing options...
Longjohn ★ Posted January 8, 2021 Share #14 Posted January 8, 2021 I have only bought one lottery ticket in my life. When Pa. started their lottery a club that I frequented instead of the normal cover charge you got free admission with the purchase of a lottery ticket. I bought one ticket and handed it back to the girl that sold it to me. I told her to enjoy it. She thanked me and acted like I had just given her a million dollars. She didn’t win anything. when my wife was the office manager at the local supermarket they started selling lottery tickets. The lottery people gave my wife a dozen tickets or so. One of the prizes was a new Harley. My wife gave me the tickets and suggested I play them out until they were gone. They were the scratch and sniff pita tickets. I kept winning more tickets and small amounts of money. Eventually my luck ran out and I used up all the tickets. I can’t imagine why people would spend the time and effort those things take not to mention the money. Link to comment Share on other sites More sharing options...
shootingstar Posted January 8, 2021 Share #15 Posted January 8, 2021 27 minutes ago, Longjohn said: I have only bought one lottery ticket in my life. When Pa. started their lottery a club that I frequented instead of the normal cover charge you got free admission with the purchase of a lottery ticket. I bought one ticket and handed it back to the girl that sold it to me. I told her to enjoy it. She thanked me and acted like I had just given her a million dollars. She didn’t win anything. when my wife was the office manager at the local supermarket they started selling lottery tickets. The lottery people gave my wife a dozen tickets or so. One of the prizes was a new Harley. My wife gave me the tickets and suggested I play them out until they were gone. They were the scratch and sniff pita tickets. I kept winning more tickets and small amounts of money. Eventually my luck ran out and I used up all the tickets. I can’t imagine why people would spend the time and effort those things take not to mention the money. I did win $30.00 once,...which probably covers all ticket costs I spent in the work group lottery pools when I did rarely participate. Link to comment Share on other sites More sharing options...
MickinMD ★ Posted January 8, 2021 Share #16 Posted January 8, 2021 I used to be in a science department of 15 teachers. We and some administrators or other department members would put in $5 each and get about $100 worth of tickets for the really big lotteries. We did that about 5 times. $500 lost. When I was in my 20's, I was putting $20/week into lottery tickets. Finally, I realized I could put $20 into the stock DRIP plans that you did by snail mail and Sara Lee, Exxon, Abbott Labs, took small sums of money and put it directly into stocks - up to the 90's Merrill Lynch charged $150-$190 to do ONE stock buy or sell. That way, I wasn't going to lose $20 most weeks but should gain. I still put $25/month into Abbott Lab's stock no-purchase-fee DRIP administered by computershare.com and also $25/month into AbbVie's stock no-purchase-fee DRIP administered by shareowneronline.com that spun off from Abbott in 2013. They have raised their dividends every year for 49 consecutive years, paying 1.62% and 4.87%, respectively despite 20+% gains in stock price last year. They have been very good to me! They are both now DSPP's (DRIP's that don't require share ownership before joining). 1 Link to comment Share on other sites More sharing options...
Kzoo Posted January 8, 2021 Share #17 Posted January 8, 2021 26 minutes ago, MickinMD said: I used to be in a science department of 15 teachers. We and some administrators or other department members I noticed no one from the math department were mentioned. They obviously understand mathematically challenged entertainment. 1 1 Link to comment Share on other sites More sharing options...
bikeman564™ Posted January 8, 2021 Share #18 Posted January 8, 2021 I have not bought one Link to comment Share on other sites More sharing options...
shootingstar Posted January 8, 2021 Share #19 Posted January 8, 2021 11 minutes ago, bikeman564™ said: I have not bought one Such discipline. Link to comment Share on other sites More sharing options...
shootingstar Posted January 8, 2021 Share #20 Posted January 8, 2021 1 hour ago, Longjohn said: I have only bought one lottery ticket in my life. When Pa. started their lottery a club that I frequented instead of the normal cover charge you got free admission with the purchase of a lottery ticket. I bought one ticket and handed it back to the girl that sold it to me. I told her to enjoy it. She thanked me and acted like I had just given her a million dollars. She didn’t win anything. when my wife was the office manager at the local supermarket they started selling lottery tickets. The lottery people gave my wife a dozen tickets or so. One of the prizes was a new Harley. My wife gave me the tickets and suggested I play them out until they were gone. They were the scratch and sniff pita tickets. I kept winning more tickets and small amounts of money. Eventually my luck ran out and I used up all the tickets. I can’t imagine why people would spend the time and effort those things take not to mention the money. My low-income parents did buy a lottery ticket or so every month for probably enough years. I think they might have won a ticket or so to enter into another lottery. We will never know how much was spent it wasn't anything noticeable to any of us that led to debt problems. None of us (their children) criticized them since this habit never escalated to anything serious. Now we are talking about parents who never went out for regular cafes or drinks, to blow their bits of money (like me). They never went to casinos (which does notice among some big city casinos) nor indulged in money betting in card games/mah jong. (The latter neither parent played at all.) So myself and siblings saw it as a sort of harmless "treat" they indulged in since we knew how hard parents worked and sacrificed for us. Link to comment Share on other sites More sharing options...
bikeman564™ Posted January 8, 2021 Share #21 Posted January 8, 2021 4 minutes ago, shootingstar said: Such discipline. Not really, I just don't buy lottery tickets much. Only several times in my life. I'm in a lotto club at work though. Link to comment Share on other sites More sharing options...
shootingstar Posted January 8, 2021 Share #22 Posted January 8, 2021 1 minute ago, bikeman564™ said: Not really, I just don't buy lottery tickets much. Only several times in my life. I'm in a lotto club at work though. It was hilarious when dearie and I bought a set about 8 months ago. We had to figure out the rules, markings on tickets, etc. That's how clueless we are and still are about lottery tickets. We haven't gotten around since then to get any more. 1 Link to comment Share on other sites More sharing options...
MickinMD ★ Posted January 8, 2021 Share #23 Posted January 8, 2021 1 hour ago, Kzoo said: I noticed no one from the math department were mentioned. They obviously understand mathematically challenged entertainment. Actually, math had a pool of their own, as did that other statistically knowledgeable department, Phys. Ed.! 1 2 Link to comment Share on other sites More sharing options...
12string Posted January 8, 2021 Share #24 Posted January 8, 2021 By the end of the day, I will have lost at least $5 less than millions of people. I consider that win. 1 1 Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted January 8, 2021 Share #25 Posted January 8, 2021 7 hours ago, Kirby said: I never buy tickets on my own, and my workplace has never done a pool, If they did, I would go in, however, just for insurance that I'm not the feature in a news story about how the whole office won a fortune and quit except for the one person who chose not to go in on the tickets. This is my situation, too. I’ll be damned if the rest of the office retired and I didn’t join in on the ticket. 2 Link to comment Share on other sites More sharing options...
12string Posted January 8, 2021 Share #26 Posted January 8, 2021 7 minutes ago, Prophet Zacharia said: This is my situation, too. I’ll be damned if the rest of the office retired and I didn’t join in on the ticket. The rest of the office is more likely to get hit by a meteor. You in? 1 Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted January 8, 2021 Share #27 Posted January 8, 2021 3 minutes ago, 12string said: The rest of the office is more likely to get hit by a meteor. You in? No, I moved my office across the city a few years back specifically to avoid that issue. 4 Link to comment Share on other sites More sharing options...
Longjohn ★ Posted January 8, 2021 Share #28 Posted January 8, 2021 1 hour ago, MickinMD said: Actually, math had a pool of their own, as did that other statistically knowledgeable department, Phys. Ed.! I don’t trust the math skills of the Phys. Ed. Department. When I was in high school the boys locker room had a large banner from the football coach telling his players to give 150% in every game. 🤪 1 Link to comment Share on other sites More sharing options...
Bikeguy Posted January 9, 2021 Share #29 Posted January 9, 2021 11 hours ago, JerrySTL said: I could get stupid fast. Apparently a LOT of people get stupid fast. Why do 70 percent of lottery winners end up bankrupt? If they knew how to manager lots of money, they would have lots of money already. I purchased $4 in tickets each for Powerball and Mega Millions. I'll worry about going bankrupt after I win. 1 Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted January 9, 2021 Share #30 Posted January 9, 2021 The Mega Millions rolled over. It's at $600 million for Tuesday's drawling. Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted January 9, 2021 Share #31 Posted January 9, 2021 11 minutes ago, JerrySTL said: The Mega Millions rolled over. It's at $600 million for Tuesday's drawling. I’ll submit my resignation letter on Wednesday then. 1 Link to comment Share on other sites More sharing options...
Rattlecan ★ Posted January 10, 2021 Share #32 Posted January 10, 2021 11 hours ago, Prophet Zacharia said: I’ll submit my resignation letter on Wednesday then. Just submit an audio resignation letter. Link to comment Share on other sites More sharing options...
Allen ★ Posted January 10, 2021 Share #33 Posted January 10, 2021 I was just at the quickie mart, the flashy sign said $600M. I threw in four bucks. 1 Link to comment Share on other sites More sharing options...
BR46 Posted January 10, 2021 Share #34 Posted January 10, 2021 I picked up 1 ticket. I wasted more money on dumber things. 1 Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted January 10, 2021 Share #35 Posted January 10, 2021 The Powerball rolled over to $550 million. Link to comment Share on other sites More sharing options...
BuffJim Posted January 10, 2021 Share #36 Posted January 10, 2021 I had 2 tickets. Maybe I shouldn’t have sent my boss the YouTube link to Take This Job and Shove it. 2 Link to comment Share on other sites More sharing options...
Allen ★ Posted January 13, 2021 Share #37 Posted January 13, 2021 Mega just rolled to $750M. I’ll spend another four bucks on it. 2 Link to comment Share on other sites More sharing options...
smudge ★ Posted January 13, 2021 Share #38 Posted January 13, 2021 That's how I do it when I decide to throw away some money. Scary when people walk away with four big strips of numbers. Link to comment Share on other sites More sharing options...
Square Wheels Posted January 16, 2021 Share #39 Posted January 16, 2021 no winners Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted January 16, 2021 Share #40 Posted January 16, 2021 1 hour ago, Square Wheels said: no winners MM up to $850 million now. Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted January 17, 2021 Share #41 Posted January 17, 2021 PB up to $730 million now. Link to comment Share on other sites More sharing options...
Tizeye Posted January 17, 2021 Share #42 Posted January 17, 2021 Despite my joke in the "Thinks regret" thread about my lottery ticket not coming in...nope didn't buy one, and haven't for at least 5 years. Didn't even get wife scratch off tickets for Christmas. It was fun to watch her when got 10 1$ tickets - perhaps this one, but the $1 tickets have virtually disappeared. Now $5 and up. What is the fun in that with only one or two tickets. Link to comment Share on other sites More sharing options...
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