One billion dollar lottery ?

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Originally Posted By: Silverado12
IMO although I admit I played two tickets this week, I'm against lotteries. It's pretty much the "stupid tax".

Lottery is a tax on the poor, since most lottery players are lower income earners.

Even when jackpot was more than $300-400 mils there was very few buyers at locations in Newport Beach, Laguna Beach ... But the lines were very long in lower income area such as Santa Ana.
 
Originally Posted By: javacontour
I'm going to put $600 million into it and see if I can be a virtual winner
smile.gif

Takes a while. I entered $300,000,000 4 hours ago and it is has only spent $6,000,000 (but I have "won" 1.6 million!!!).
 
Originally Posted By: HTSS_TR
Originally Posted By: Silverado12
IMO although I admit I played two tickets this week, I'm against lotteries. It's pretty much the "stupid tax".

Lottery is a tax on the poor, since most lottery players are lower income earners.

Even when jackpot was more than $300-400 mils there was very few buyers at locations in Newport Beach, Laguna Beach ... But the lines were very long in lower income area such as Santa Ana.


Poor can afford the $2 for the dream or whatever. The problem is they tend to spend $20-$100+ on these tickets.
 
Originally Posted By: blupupher
Originally Posted By: javacontour
I'm going to put $600 million into it and see if I can be a virtual winner
smile.gif

Takes a while. I entered $300,000,000 4 hours ago and it is has only spent $6,000,000 (but I have "won" 1.6 million!!!).


At roughly 1.5 million per hour, it's going to take about 8 days and 8 hours to spend your 300 million or 16 days and 16 hours for the 600 million. I wonder how many years it'll say that you've played once you're done with the 300 million.
 
Not that it changes things, but there is no way they are doing random number drawings with their simulator.
 
Originally Posted By: Brasileno
Did anybody hit it last night.

It's all over the news how it's like $1,500,000,000 now
eek.gif
With $960M as the lump........
wow!

Nope, the drawing is tonight.
 
They reported on the news last night that a lot of places around here are running out of the paper the tickets are printed on.
 
Originally Posted By: xfactor9
Too bad there's no way to buy all 300 million possible permutations


There is, it just takes a lot of math to figure it out. Journalists don't seem to very good at math so they haven't really broken out exactly how it would be done because you're missing a few bits of key info. There was one article that claimed a lottery machine could spit out 2400 tickets an hour, but if you want to pick each individual number, it'd have to scan a slip and it might take longer than that. Some claim that the slips have to handwritten, but because they're scanned by a machine, I think you could probably print out all the slips in advance and just hand them out in specific chunks so you know where to find the winning ticket. So the problem is really that you only have 3-4 days to play all the numbers, most regular stores are probably only open 10-12 hours a day but there are some 24 hour stores where you could play for 24 hours. So if you can do one person at 2400 per hour x 40 hours, that's 96,0000 tickets. 292.2 million divided by 96k and you get 3044 people to buy tickets for 4 days straight. To be safe, maybe you have 6000 people and get it done in 2 days so you can check that you have all the tickets.
 
Originally Posted By: Wolf359
Originally Posted By: xfactor9
Too bad there's no way to buy all 300 million possible permutations


There is, it just takes a lot of math to figure it out. Journalists don't seem to very good at math so they haven't really broken out exactly how it would be done because you're missing a few bits of key info. There was one article that claimed a lottery machine could spit out 2400 tickets an hour, but if you want to pick each individual number, it'd have to scan a slip and it might take longer than that. Some claim that the slips have to handwritten, but because they're scanned by a machine, I think you could probably print out all the slips in advance and just hand them out in specific chunks so you know where to find the winning ticket. So the problem is really that you only have 3-4 days to play all the numbers, most regular stores are probably only open 10-12 hours a day but there are some 24 hour stores where you could play for 24 hours. So if you can do one person at 2400 per hour x 40 hours, that's 96,0000 tickets. 292.2 million divided by 96k and you get 3044 people to buy tickets for 4 days straight. To be safe, maybe you have 6000 people and get it done in 2 days so you can check that you have all the tickets.

Not sure about all states, but in Texas you can't buy Lotto tickets between like 2-6 am, their machines are updating and such.
Only reason I know is I get off at 2 am and tried to buy one on my way home.
Plus you would be tying up multiple machines and I don't think a store would like that (even though they get paid more doing it).
 
Originally Posted By: xfactor9
Too bad there's no way to buy all 300 million possible permutations


If you could do it as mentioned above, it would be a $600M investment on a chance that you won't even take the full $900M lump sum, meaning you'd have to share it with other winners. I bought three tickets for the last drawing and five for tonight's. This will take the place of the monthly $20 scratch-off that my wife usually plays.
 
But if you had bought $600M worth of tickers, the pot would have grown by some percentage of that money. Of course, in this case it would have been divided by four, so you would have lost most of your "investment"
 
I got 3 numbers. 04, 19 and the power ball number 10. I'm waiting for a call back from my financial adviser.
 
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