Is the lottery the new American dream?

[barryqwalsh]

Imagine becoming vastly wealthy overnight. Being a winner of a multimillion dollar lottery certainly will be a life-changing event for almost every single lottery winner. But what about when the prize is an astronomical sum of $100 million, $200 million or $300 million? Various Powerball and state lotteries have reached vast sums, and lotteries elsewhere have as well.

12 things not to do if you win the lottery

 

[Billy_Kinetta]

Only for dreamers.

 

[barryqwalsh]

Only for dreamers.

For a few dollars, it is worth it for a dream!
Better than spending the money on beer.

 

[barryqwalsh]

The ginormous Powerball grand prize climbed to a cool $450 million Tuesday after 17 times without a winner.



Yes, that's $50 million more than the $400 million jackpot that Multi-State Lottery Association officials had anticipated when no one won a $334 million prize Saturday. And many people who are feeling lucky have been flocking to convenience stores across the USA to grab their 1-in-292 million chance as the clock ticked down to Wednesday's 10:59 p.m ET drawing.


Huge Powerball jackpot goes up by $50M

 

[barryqwalsh]

Yes, after Saturday's $334 million Powerball prize was unclaimed, the next chance for the almost-nationwide jackpot moves to Wednesday. About $400 million is expected to be handed over should the fates fall in the right way.

With that in mind, here are a lucky-10 questions about Powerball:

How does this prize stack up against previous winning amounts?


As jumbo jackpot nears, what you should know

 

[barryqwalsh]

This week's jackpot is the biggest since 2013, when an anonymous South Carolina resident won a $339.4 million prize, and the highest ever was in May of that year, at $590 million. The crazy-high jackpots are thanks to new rules that went into effect in October.


The Powerball Jackpot Is Set to Hit $400 Million This Week

 

[barryqwalsh]

States where lottery winners could remain anonymous

Currently six states — Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina — allow lottery winners to remain anonymous. And four more — Colorado, Connecticut, Vermont and Massachusetts — allow anonymity if the winners claim their winnings through a trust.

"Lottery winnings, while for many is a major plus in their live, it can be a major negative at times," said state Rep. Ray Franz, R-Onekama. "It costs friendships. It costs family relationships. It costs jobs. I thought it should be an option that's available."



http://www.freep.com/story/news/politics/2015/05/13/lottery-winners-remain-anonymous/27249895/

 

[rtmajayi]

Its just a matter of time ... who knows


Meanwhile, get your latest gists here, a break from the norm Welcome To Ajayi's Blog

 

[SharpArrowhead]

I hear the pleasure people get from it is not believing they could win, but just fantasizing about the possibility of it. I'd say that's worth a buck or two!

 

[barryqwalsh]

I play the Massachusetts Megabucks Doubler game by subscription. It is available across the United States, subscriptions can be purchased by phone.

Massachusetts Lottery is the only state lottery that offers a subscription service, which is available across the country.

 

[Votto]

Only for dreamers.

For a few dollars, it is worth it for a dream!
Better than spending the money on beer.

You are a sick, sick man.

 

[barryqwalsh]

I like how Massachusetts distributes it's lottery revenue.

Support local communities

In Fiscal Year 2015, the Massachusetts State Lottery returned $985.8 million in net profit to the Commonwealth, of which $945,750,001 million in Direct Local Aid was distribu


Formula for Determining Local Aid

The following formula determines the level of funding each town or city receives. Every town gets a percentage of the entitlement based on the total amount distributed.

Calculate Equalized Value…
Town Equalization Valuation = Equalized Value
Per Capita
Town Population
Calculate Town Entitlement…
Equalized Value
Per Capita × $10.00 × Population
The Town’s Equalized
Valuation Per Capita


About The Lottery | MA State Lottery