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I Won the Lottery! Hooray!

Published 9/2/07 (Modified 3/9/11)
By MoneyBlueBook

Okay, not really. In fact I didn't even play this time around. Come to think of it, I've only played the lottery twice in my life before. I'm writing in response to today's lottery news announcement that four winning tickets were sold for the estimated $330 million Mega Millions jackpot, one each in Maryland, New Jersey, Texas and Virginia. After taking almost half of it out for taxes and splitting the pot four ways, that's barely $50 million apiece. Mere chump change. :)

My Powerball Tickets

I remember the last time I bought a lottery ticket a few months ago - it was a Powerball ticket and it was when the Powerball jackpot had ballooned to a ridiculously high amount. Since Powerball wasn't sold in my state, I had to drive across the border into a neighboring state to snag one. After looking around, I finally found a gas station that sold Powerball tickets. My greedy and overeager brain sprung into action. Why buy one ticket when I can quintuple (five times) my chances by buying five! Delighted at my own ingeniousness and completely oblivious to my faulty mathematical logic, two minutes later I was walking out of the gas station with a potential winning ticket in my hand. On my drive home I started thinking about what I'd do with the money if I won, and then I started to get really excited. New house perhaps, how about 2? A new car maybe, get 2 as well. Never having to work again and setting my parents up for life, that would be great. How would my life change I wondered? Would it be for the better or would it be for worse? How would I handle the stress of having my friends and distant uncles beating down my door, trying to get me to hand them some wads of money.

Back To Reality

I guess I was spared the agony of having to make such challenging decisions because I didn't win after all. I wasted one and a half hours driving around at night for Powerball lottery tickets for nothing. But they say you've got to play to win. I'll be back, but I'll probably wait until the jackpot hits half a billion dollars. Then it'll be worth it. Heh

Note: Statistically, there is a huge difference between 0 lottery tickets and 1 ticket, but your odds aren't much improved with the addition of more tickets, unless you were to acquire millions of them. Basically, just buy 1 for amusement and a short term thrill.

I don't play the lottery regularly, but does anyone else?

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6 Responses to “I Won the Lottery! Hooray!” 

  1. CatherineL says:

    Hi Raymond, I don't play the lottery often as I'd never remember to check the numbers!

    I think the great thing about the lottery is that there's so many people out there who are obsessed with winning that they don't try to make money any other way - eg: Building a Business. This means the odds are better for those who want to make money through building business because there is less competition. What do you think?

  2. Debo Hobo says:

    Funny, I played only because it was soooo much money and I had the extra single when going in to pay for gas. Which I very seldom ever do anymore, always on the plastic. My post yesterday was not about winning the lottery so clearly I didn't win. But yesterdays post was a winner.

  3. Raymond says:

    I think we all want the easy way out and dream of winning big without having to put in much effort. Building a small business gives you control of the terms and pace, but not without some risk. Slow and steady will ultimately win the race but it's all to easy to get caught up and want to race to the front clutching a lucky lottery ticket! :)

  4. The Mortgage Maker says:

    I only play when the $$ exceed 200 million. But even that as hard as it seems to believe is turning into "chump change". I read the other day that the top 20 hedge fund managers in 2006 averaged, get this and hang on, "earnings" of 647 million dollars ! Not a bad years pay. In case you are wondering about the math that works out to more in 15 minutes than the average American earns in one year.

  5. mary says:

    lottery that's it

  6. Sal Paradise says:

    The first thing I'd do would be to get out of town and chill out somewhere. Maybe stay gone for a few months. Not that the destination would be critical, just leaving would be the main point. During that time I'd try and figure out what I was going to do with the money: how to invest it and make it last and grow, how to give some to family and friends and how to live with it. I'd find a new house, and the usual things you need for a house. Then would try to live life as best I could. I'd be very hard for anyone to find, and limit exposure to people as well. Finally, I'd get a really nice car and spend a lot of time traveling around the country, seeing new places and staying at a few for extended periods. I think it'd be neat to stay in some small town out west, stay in a hotel and maybe just hang out. Maybe rent a nice house and attend school while taking it easy. I'd also consider buying some low intensity business I could have someone run for me, while at the same time keeping my day to day involvement low key. I guess the main thing you take from winning is the right to do what you wanted, no matter what that turns out to be. Your getting a bunch of free time to do what you wish. That's the main thing.

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