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Old 03-27-2024, 05:52 AM
 
31,890 posts, read 26,926,466 times
Reputation: 24789

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Largest Mega Millions winning ticket of year sold in NJ worth $1.13 billion.

https://nypost.com/2024/03/27/us-new...g-ticket-sold/

Makes a change from CA and Florida....
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Old 03-27-2024, 06:54 AM
 
5,297 posts, read 6,172,002 times
Reputation: 5480
State sponsored lotteries should be banned. These huge jackpots induce the hoi polloi to spend the rent money and grocery money on lottery tickets, which have essentially 0 chance of winning.
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Old 03-27-2024, 09:03 AM
 
Location: North Jersey
56 posts, read 108,050 times
Reputation: 65
Quote:
Originally Posted by Wells5 View Post
State sponsored lotteries should be banned. These huge jackpots induce the hoi polloi to spend the rent money and grocery money on lottery tickets, which have essentially 0 chance of winning.
Not including how much the Govt and State make off this scam...
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Old 03-27-2024, 10:17 AM
 
10,431 posts, read 6,954,235 times
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Shoprite in Neptune sold the ticket.

Yes, lotteries are a scam.
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Old 03-27-2024, 11:45 AM
 
Location: Bergen County, NJ
4,027 posts, read 3,630,083 times
Reputation: 5857
That lucky guy in Neptune doesn’t think it’s a scam. If you understand the odds and are not being fraudulently convinced to play, I don’t see how it’s a scam. Waste of money? Yes absolutely, but that could be said about many things.
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Old 03-27-2024, 12:51 PM
 
1,384 posts, read 1,751,064 times
Reputation: 1846
Well, actually, no they did not just become a billionaire. The lump sum payment is $537.5M. And about 40% of that will be taxed away.

Plenty rich? Yes. Enough to retire and live a great life if you are not an idiot? Yes. But billionaire? No.
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Old 03-27-2024, 01:34 PM
 
Location: New Jersey
11,337 posts, read 16,691,416 times
Reputation: 13341
If won, I would take the $35,000,000 a year over 29 years.
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Old 03-27-2024, 02:23 PM
 
Location: Bergen County, NJ
4,027 posts, read 3,630,083 times
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Quote:
Originally Posted by camaro69 View Post
If won, I would take the $35,000,000 a year over 29 years.
If you took the lump sum and put it in a savings account, you would earn $23 million per year on interest. I would take the lump sum for sure.
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Old 03-27-2024, 02:53 PM
 
Location: Beautiful NNJ
1,276 posts, read 1,417,806 times
Reputation: 1717
Quote:
Originally Posted by Wells5 View Post
State sponsored lotteries should be banned. These huge jackpots induce the hoi polloi to spend the rent money and grocery money on lottery tickets, which have essentially 0 chance of winning.
I don’t think they should be banned entirely, but holy moly there should be caps on them! There is no reason whatsoever for them to work this way, with one pot expanding and expanding obscenely, enticing millions of people to throw good money after bad chasing a dream. They should put in rules so that once a pot reaches, say, 50 million or so, keep selling tickets but split the winnings so that more people have chances to win. It’s just obscene and harmful to create these hideously bloated pots (like 50 million isn’t hideously bloated enough!) again and again. It truly makes me ill! There has got to be a better way to manage these things that benefits society a bit more.

Las Vegas influence is just destructive enough when kept to the desert.
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Old 03-27-2024, 03:10 PM
 
10,431 posts, read 6,954,235 times
Reputation: 11500
Inflation was 30% over the last 3 years. Take the money.
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