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Started By
Message
re: Mega Millions now at 1.55 billion
Posted on 8/6/23 at 10:27 am to bigberg2000
Posted on 8/6/23 at 10:27 am to bigberg2000
I think part of the issue here is we may be talking about 2 different entities when we say "the government."
Half of sales goes to the prize pool. About 15% goes to admin which includes paying the private companies that run the lottery. Most of the rest goes to the state the sales were made in. The federal government doesn't get as much as what is being said, nor does any one state.
Half of sales goes to the prize pool. About 15% goes to admin which includes paying the private companies that run the lottery. Most of the rest goes to the state the sales were made in. The federal government doesn't get as much as what is being said, nor does any one state.
0
Posted on 8/6/23 at 10:29 am to bigberg2000
quote:
remember when it started in Louisiana and it was supposed to do a lot for schools and shite.
In a classic Louisiana move they did have all the gambling money go to schools, but they just moved the money currently allocated to schools elsewhere and it left money for schools the same instead of a larger portion going there.
Classic bait and switch by Louisiana politicians to get it voted in
Posted on 8/6/23 at 10:36 am to LSU-MNCBABY
Here is a helpful website that breaks it down:
LINK
My question when it gets to this is: can I make up a $500 million difference over 30 years?
LINK
My question when it gets to this is: can I make up a $500 million difference over 30 years?
Posted on 8/6/23 at 11:27 am to Jim Rockford
void
This post was edited on 8/7/23 at 9:27 am
Posted on 8/6/23 at 12:10 pm to biglosdaddy
All you need is around 3% apy and you could put perform that over 30 yrs…. I think the annuity is better option for people that know they have zero self control and want to retry fiscal fluency annually
Posted on 8/6/23 at 12:18 pm to biglosdaddy
quote:
My question when it gets to this is: can I make up a $500 million difference over 30 years?
I’d be more worried about the money not being there in 20-30 years. I’ll take the cash now and take my chances on making up the difference
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