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[Aug 30, 2010, 10:56 am ET] - Share - Viewing Comments

The Emmy Winners were announced last night, rewarding our favorite new comedy, Modern Family, with best comedy series. Two dramas we keep meaning to catch up with were also honored, Mad Men and Breaking Bad; we first saw each after they were underway, and decided to catch up from the beginning. We actually have a couple of seasons of Mad Men on DVD, and are greatly looking forward to watching, though we better get on it soon, as I think each show is already in its fourth season, so we already have quite the backlog built up.

Links:	Thanks Ant and Mike Martinez and Acleacius.
Play:	Smiley Showdown. Ink Ball. Air Transporter.
Link:	Big Dreams, Slim Odds: The Lottery Economy.
Stories:	Vikings Raid LA Restaurants, IKEAs. Thanks Neatorama. Warners Plans 3D "Battle Of Midway".
Science:	Ogling women a natural reflex. Thanks Neatorama.
Images:	LEGO Ghostbusters Scene. The Best Family Portrait Ever.
Media:	The Naked Gun/Police Squad meets Mafia 2. Fail Compilation. Back to the Future Coffee Shop.

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13.

Big Dreams, Slim Odds: The Lottery Economy

Aug 30, 2010, 15:51

kanniballl

I play a few times a year, maybe once per quarter I'll buy $5 worth. Very rarely (once every 2 years) I'll splurge $20 on some Pick 6 and some scratch-offs.

I know I won't win, but it's nice to dream. I don't smoke or drink or do a bunch of other stuff that costs people money every week or day, so $20-$40 per year isn't too bad. Like all gambling, done without restraint and it can really mess up your finances. But every now and then it's fun.

I believe the posting is wrong though, I was always told expect 1/4 of the posted jackpot (assuming you're the sole winner) if you get a lump sum.

- The lump sum is usually 1/2 of the posted amount, full amount is over 20 years annuity if you chose it.
- Uncle Sam takes 1/2 of what's left

Then again, you do hear about how the lottery really screws people up. Either they blow it all away, or it destroys relationships (friends and family).

This comment was edited on Aug 30, 2010, 15:57.




"Space. It seems to go on and on forever. But then you get to the end and a gorilla starts throwing barrels at you." -Fry, Futurama

Subject

Comment [quote="kanniballl"Aug 30, 2010, 15:51]I play a few times a year, maybe once per quarter I'll buy $5 worth. Very rarely (once every 2 years) I'll splurge $20 on some Pick 6 and some scratch-offs. I know I won't win, but it's nice to dream. I don't smoke or drink or do a bunch of other stuff that costs people money every week or day, so $20-$40 per year isn't too bad. Like all gambling, done without restraint and it can really mess up your finances. But every now and then it's fun. I believe the posting is wrong though, I was always told expect 1/4 of the posted jackpot (assuming you're the sole winner) if you get a lump sum. - The lump sum is usually 1/2 of the posted amount, full amount is over 20 years annuity if you chose it. - Uncle Sam takes 1/2 of what's left Then again, you do hear about how the lottery really screws people up. Either they blow it all away, or it destroys relationships (friends and family). [/quote]

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