Biggest losers

[The Spin Meister]

A couple big lottery winners expired with no one collecting. One was $44 million, the other was $36 million.

Imagine how you would feel if you found one now after cleaning the house!

Unclaimed $44 Million Florida Lottery Ticket Expired — Here’s What Happens to the Money Now

An unclaimed Florida lottery ticket worth $44 million just expired — but don't worry, the money is going to a good cause.

people.com

Unclaimed $36M Florida lottery ticket expires

A Florida lottery ticket worth $36 million has expired leaving the grand prized unclaimed on Sunday, February 11 at midnight.

winknews.com

 

[Kasparaitis]

A couple big lottery winners expired with no one collecting. One was $44 million, the other was $36 million.

Imagine how you would feel if you found one now after cleaning the house!

Unclaimed $44 Million Florida Lottery Ticket Expired — Here’s What Happens to the Money Now

An unclaimed Florida lottery ticket worth $44 million just expired — but don't worry, the money is going to a good cause.

people.com

Unclaimed $36M Florida lottery ticket expires

A Florida lottery ticket worth $36 million has expired leaving the grand prized unclaimed on Sunday, February 11 at midnight.

winknews.com

Government is the biggest racket of all. States have escheat laws. If business property goes unclaimed it must be forwarded to the state. But if state property goes unclaimed guess who gets to keep it? The Sopranos had more honor.

 

[Obliviax]

The Ohio lottery was passed with the proviso that 100% of the proceeds went to school funding. Coincidentally, the general school funding gets lowered by the income from the lottery. Net result is the lottery is a tax on people that don’t understand statistical math

 

[Kasparaitis]

The Ohio lottery was passed with the proviso that 100% of the proceeds went to school funding. Coincidentally, the general school funding gets lowered by the income from the lottery. Net result is the lottery is a tax on people that don’t understand statistical math

When I taught evening college business classes the first night of Finance class I always told the students lotteries are a tax on people who are bad at math.

 

[Parf]

Government is the biggest racket of all. States have escheat laws. If business property goes unclaimed it must be forwarded to the state. But if state property goes unclaimed guess who gets to keep it? The Sopranos had more honor.

Geesh….get some happy pills buddy.

 

[LionDeNittany]

The Ohio lottery was passed with the proviso that 100% of the proceeds went to school funding. Coincidentally, the general school funding gets lowered by the income from the lottery. Net result is the lottery is a tax on people that don’t understand statistical math

People who play lottery understand statistics.

Most of those stats say they will never be rich.

It's ok for people to play lottery just as it's ok for people to pay $25 for a drink at The Pool.

 

[Obliviax]

People who play lottery understand statistics.

Most of those stats say they will never be rich.

It's ok for people to play lottery just as it's ok for people to pay $25 for a drink at The Pool.

No they don’t lest they invest in something else

 

[Kasparaitis]

Geesh….get some happy pills buddy.

I’m happy as a clam, my friend. It’s just that I’m on to the government rackets.

 

[Kasparaitis]

People who play lottery understand statistics.

Most of those stats say they will never be rich.

It's ok for people to play lottery just as it's ok for people to pay $25 for a drink at The Pool.

I don’t agree with you. Over 40 percent of Americans are obese. Half have no retirement savings. Most have underfunded retirement. It stretches belief that people who play the lottery understand statistics.

 

[The Spin Meister]

The Ohio lottery was passed with the proviso that 100% of the proceeds went to school funding. Coincidentally, the general school funding gets lowered by the income from the lottery. Net result is the lottery is a tax on people that don’t understand statistical math

I guess the smart people go to Vegas to play blackjack, poker, or the wheel. Casinos in about half the states plus a dozen or more reservations.

Even smarter people just go online to gamble, either basic gambling or betting on sports.

 

[Thomas1945]

I understand math and statistics, yet I still spend $6.00 a week on powerball tickets. Otherwise I could wisely invest that in a beer at the local tavern, or purchase 1 and 1/2 gallons of gas. Statistically, the odds on either of those resulting in a financial windfall for me are lower than the lottery. By the way, if I win none of you bastards will receive a dime for doubting my financial wisdom.

 

[LionDeNittany]

No they don’t lest they invest in something else

These people can't rub two pennies together.

Invest? Have you met thesr people? They spend every dollar they have.

Invest? Lol

 

[LionDeNittany]

I don’t agree with you. Over 40 percent of Americans are obese. Half have no retirement savings. Most have underfunded retirement. It stretches belief that people who play the lottery understand statistics.

The inability to save and understanding statistics are different things.

I know extremely intelligent people who have no concept of how to save.

They spend every penny.

1600 SAT people who earn millions.

Zero dollars in savings.

 

[Kasparaitis]

The inability to save and understanding statistics are different things.

I know extremely intelligent people who have no concept of how to save.

They spend every penny.

1600 SAT people who earn millions.

Zero dollars in savings.

Let me clarify. I mean to say that most people who regularly play the lottery are bad at math. A corollary is that most people do not demonstrate self discipline. The combination leads to negative consequences. I don’t believe that most people who regularly play the lottery are doing it for entertainment.

The moral of the story is don’t buy scratch-offs or Penn State season tickets. Instead funnel that money into an index fund and, the good Lord willing, you will be happily retired some day.

 

[Obliviax]

These people can't rub two pennies together.

Invest? Have you met thesr people? They spend every dollar they have.

Invest? Lol

Yet are buying lottery tickets with cash

 

[bison13]

The Ohio lottery was passed with the proviso that 100% of the proceeds went to school funding. Coincidentally, the general school funding gets lowered by the income from the lottery. Net result is the lottery is a tax on people that don’t understand statistical math

Maryland and many other states with casinos have similar policies. Marilyn had a huge surplus and was able to fund everything. The schools wanted up until we elected our last governor who has gone through all of it already and is not fully funding schools.

 

[Obliviax]

Maryland and many other states with casinos have similar policies. Marilyn had a huge surplus and was able to fund everything. The schools wanted up until we elected our last governor who has gone through all of it already and is not fully funding schools.

Yeah. And then people that gamble their money away end up on food stamps and housing vouchers which are taxpayer subsidized tools.

 

[Woodpecker]

I understand math and statistics, yet I still spend $6.00 a week on powerball tickets. Otherwise I could wisely invest that in a beer at the local tavern, or purchase 1 and 1/2 gallons of gas. Statistically, the odds on either of those resulting in a financial windfall for me are lower than the lottery. By the way, if I win none of you bastards will receive a dime for doubting my financial wisdom.

Wait, are you trying to tell me that the odds of buying a beer at the local watering hole resulting in a financial windfall for me are very low?