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Whattaa You Gonna Do if you win the 70 million

Ranyen

Well-Known Member
Draw is tonight! Still $90mil, but with ticket sales, it will go up.

I got my ticket plus I'm in the office syndicate. I'm not expecting to win Division 1, but even a few $1000 will help!
 

Jazzie

Sheer joy at beating the scum :)
Ranyen said:
Draw is tonight! Still $90mil, but with ticket sales, it will go up.

I got my ticket plus I'm in the office syndicate. I'm not expecting to win Division 1, but even a few $1000 will help!

Eggactly!! Have put on a few System 7s .... even my son has put on a couple, and he is as tight as a fishes you know what! ... hope the winnings are spread out a bit ... and good luck to all who have gone in the draw!
 

Ranyen

Well-Known Member
Well, this was the first every lottery ticket I have purchased. I had to get somebody to tell me how it worked. Normally I would not bother, even if it was a lot of $$$$, but something was nagging & I felt I needed to buy a ticket.

Well, we will see if that "feeling" pays off tonight....
 

Jazzie

Sheer joy at beating the scum :)
Kanwal Bull said:
1 $90m hookerbot or 90m $1 hookerbots...

LOL, ..... I suggest you go for the first option, you wouldn't live long enough to enjoy the second! :)
 

tuftman

Well-Known Member
Shoulda heard the stories in the lunch room at work today. People who reckon they had the winning numbers but didn't buy tickets etc. Wonder if anyone got the full $90mill?
 

dibo

Well-Known Member
Your expected return for a ticket may actually be lower on the big jackpots compared to a regular draw, simply because of the number of entries. I think (gut feeling) a basic ticket on a $2 lottery has a higher expected return for dollars spent than any of the ball-draw tickets. All the same, they only return 60% so your expected return is at best 60c in the dollar.

$3500 on tickets? Looking at pulling back on average $2100 back. He could've gone to Harvey Norman and bought himself a $1400 LCD and walked away with $2100 cash in his pocket and probably been happier.
 

midfielder

Well-Known Member
dibo said:
Your expected return for a ticket may actually be lower on the big jackpots compared to a regular draw, simply because of the number of entries. I think (gut feeling) a basic ticket on a $2 lottery has a higher expected return for dollars spent than any of the ball-draw tickets. All the same, they only return 60% so your expected return is at best 60c in the dollar.

$3500 on tickets? Looking at pulling back on average $2100 back. He could've gone to Harvey Norman and bought himself a $1400 LCD and walked away with $2100 cash in his pocket and probably been happier.


Your not wrong ... it was not only me whose  jaw dropped everyone all said under their breath f**k ... the worst part was he had about two inches thick of tickets and the agent had to feed each ticket one at a time in took forever ...
 
J

jiggles

Guest
The Government came away with over $30m from this I heard...

What does it usually get spent on?

The man who won from Adelaide, I think he sounded lovely. Said he'd take a trip interstate to think about what to use the money on. $53m, and he can get a $70 Jetstar flight to think about what to do with the rest! Haha, I would of headed for somewhere a bit more exotic!
 

dibo

Well-Known Member
poko said:
The Government came away with over $30m from this I heard...

What does it usually get spent on?

I'm pretty sure it just goes into consolidated revenue, so it's spent on schools, hospitals, police, roads, national parks...

NSW Lotteries deliver $300 million to state coffers, as compared to total state revenues of just under $53 billion. It's a drop in the ocean.
 

Jazzie

Sheer joy at beating the scum :)
midfielder said:
dibo said:
Your expected return for a ticket may actually be lower on the big jackpots compared to a regular draw, simply because of the number of entries. I think (gut feeling) a basic ticket on a $2 lottery has a higher expected return for dollars spent than any of the ball-draw tickets. All the same, they only return 60% so your expected return is at best 60c in the dollar.

$3500 on tickets? Looking at pulling back on average $2100 back. He could've gone to Harvey Norman and bought himself a $1400 LCD and walked away with $2100 cash in his pocket and probably been happier.


Your not wrong ... it was not only me whose  jaw dropped everyone all said under their breath f**k ... the worst part was he had about two inches thick of tickets and the agent had to feed each ticket one at a time in took forever ...

I don't by lotto tickets very often, only when there's a big one on.  I buy my tickets online... sure beats standing in line .
 

Alicia

Well-Known Member
We had a syndicate thingy at work, we won just over 2k between 33 people I think it was.  We end up with about $64 each, can't complain I suppose.
 

Ranyen

Well-Known Member
I didn't win anything on my ticket. We won $20.35 in my work syndicate. We "re-invested" that into last nights Powerball. Not sure if we won anything from that as yet.
 

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