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  1. #21
    universal4's Avatar
    universal4 is offline Forum Administrator
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    Almost all lotteries around the world work pretty close to the same way.

    If a person chooses the long term payout, they usually buy an annuity for the winner, which makes the payments, and they keep the big money.

    I am not sure however of some states/countries self-manage the annuity and just use the funds in their own market account.

    Rick
    Universal4

  2. #22
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    The good news about Australian lottery is that it is not taxed, but choosing to receive a lump sum payment would mean a significantly smaller win, unless you choose to receive it over 30 years. 30 years? I want it NOW
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  3. #23
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    Well if you're trying to buy some powerball tickets sucks on you! We just have a winner for the $1.5b jackpot.

  4. #24
    rakebackbz is offline Banned
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    Quote Originally Posted by GPWA Aaron View Post
    The jackpot is now up to $1.5 billion, in large part thanks to idiots like me. I e-mailed the players in my home poker game asking if everyone wanted to pool $5 each for tickets. Their response? Let's go for $20! Now I have to go buy $180 worth of tickets and make sure they all remember to pay me back ...
    Lmao, you're probably getting freerolled.

  5. #25
    GPWA Aaron is offline Private Member
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    Quote Originally Posted by rakebackbz View Post
    Lmao, you're probably getting freerolled.
    These are guys I've played with for a decade, and we've done this 2-3 times previously. I'm pretty sure they're all going to pay up.

    For the record, we managed to "win" $20 on our $180 investment.

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    Renee (14 January 2016)

  7. #26
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    I purchased 1/680 share of 1,000 lines. We won $143.07 and my share is $0.21 LOL
    Sweet Bet - Reviews of reputable online casinos, poker sites, sportsbooks & bingo halls
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    Renee (14 January 2016)

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