Someone won 1,600 million dollars in lottery

stinkynuts

Super
Jan 4, 2005
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2,345
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Two tickets won 2 million by matching 5 and activating the $1 multiplier

5 people won 1 million by matching 5 numbers without the multiplier. Yes, They missed out on $1 million because they did not pay the one dollars for the multiplier. I wonder how that makes them feel.
 

onomatopoeia

Bzzzzz.......Doink
Jul 3, 2020
21,247
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Cabbagetown
In November 2000, I had all six numbers for the Encore on a Lotto 6/49 ticket, (at that time, the Encore numbers were printed on the ticket, whether you played or not). I've never played Encore and never will. ($250K with wings, flying away in the comic strip).
 
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onomatopoeia

Bzzzzz.......Doink
Jul 3, 2020
21,247
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113
Cabbagetown
I worked with someone who won the 6/49 in the early 1990's. The jackpot was about $4 Million.

She was an accounting clerk, probably making $20-$24K salary. She continued working for about four months, but quit because senior management were jealous that she had more money than they did, so they pretty much hounded her out. She and her husband bought a really nice house with an indoor swimming pool, and retired at about age 30, which, for most people, is living the Canadian Dream.
 

stinkynuts

Super
Jan 4, 2005
7,788
2,345
113
I worked with someone who won the 6/49 in the early 1990's. The jackpot was about $4 Million.

She was an accounting clerk, probably making $20-$24K salary. She continued working for about four months, but quit because senior management were jealous that she had more money than they did, so they pretty much hounded her out. She and her husband bought a really nice house with an indoor swimming pool, and retired at about age 30, which, for most people, is living the Canadian Dream.
That house is probably worth triple the value now, and she never had to pay off the mortgage. Try doing that now. You'd need to pay $20,000 a month for the rest of your life. Hopefully, she invested the rest and lived sensibly. Good to hear that some good people win.
 
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gabersc

Well-known Member
Apr 30, 2023
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That house is probably worth triple the value now, and she never had to pay off the mortgage. Try doing that now. You'd need to pay $20,000 a month for the rest of your life. Hopefully, she invested the rest and lived sensibly. Good to hear that some good people win.
Agreed the property tax kills you.
 

xmontrealer

Well-known member
May 23, 2005
10,026
7,380
113
I looked at the Mega Millions prize breakdown.

If you don't win the progressive Jackpot (match all 5 numbers + Gold Mega Ball) at over 302,575,350 to 1 odds, the 3 next lesser prize levels kinda suck!

There are 70 numbers, and 25 Mega Ball numbers to be chosen from. You choose 5 numbers and 1 Mega Ball number.

All 5 numbers = $1 million (odds = 1 in 12,607,306)

4 numbers + Mega Ball = $10,000 (odds 1 in 931,001)

4 numbers = $200 (odds 1 in 38,792)

and so on...
 

stinkynuts

Super
Jan 4, 2005
7,788
2,345
113
Why on earth wouldn't anyone buy all 300 million combinations to win 1.6 billion? Even after lump sum and taxes it would be a couple hundred million in profit. Maybe $1 million to hire people to buyy all the combinations. If you have to share the prize, I guess you would be down though.
 
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JohnHenry

Well-known member
Aug 27, 2003
1,330
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rural ontario
Why on earth wouldn't anyone buy all 300 million combinations to win 1.6 billion? Even after lump sum and taxes it would be a couple hundred million in profit. Maybe $1 million to hire people to buyy all the combinations. If you have to share the prize, I guess you would be down though.
Because the day you do that two other people will pick the winning numbers and you will have to split the pot three ways. Oops
 

20reasonswhy

Member
Jun 6, 2023
34
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18
Why on earth wouldn't anyone buy all 300 million combinations to win 1.6 billion? Even after lump sum and taxes it would be a couple hundred million in profit. Maybe $1 million to hire people to buyy all the combinations. If you have to share the prize, I guess you would be down though.
Big big risk.
 
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