Posted on 03/31/2014 3:44:49 PM PDT by 2ndDivisionVet
Calvin and Zatera Spencer have been having an epic month.
On March 12 the Portsmouth, Va., couple won a $1 million Powerball drawing. Then, on March 26, Calvin Spencer won $50,000 in the Virginia Lottery's Pick 4 game. The next day he dropped his wife off at an appointment and stopped at a 7-Eleven in Norfolk to get a $100 Million Cash Extravaganza Scratcher ticket. He scratched the ticket and realized that he had won the $1 million prize, News Channel 3 in Virginia reports.
"Baby, we did it again!" he told his wife.
According to the news station, the Spencers had a choice of taking the full $1 million prize over 30 years or a one-time cash option of $681,000, before taxes, in the $100 Million Cash Extravaganza win. They chose the cash option. The store received a $10,000 bonus for selling the winning ticket....
(Excerpt) Read more at theroot.com ...
Good for them, but now millions of poor people will be induced to fruitlessly blow the milk money on lottery tickets.
God protect them from the ravages of reckless living.
Which is why the lottery was set up in the first place.
I can believe that.
That said, I buy the occasional ticket. What you get is a $1 bookmark at worst, and the pleasure of considering how you could crush your enemies if you won.
My boss told me it is a tax on people bad at math, to which I replied... “At 180 million to 1, it’s much better odds than getting rich working for you.”
You can’t stop it; the mob would just step into the void. I wonder how long before this couple winds up worse off than when they started. I give them 5 years max.
Profound!
They can buy a lot of lottery tickets with that!!
Mathematically speaking, the odds of winning the lottery are the same whether you play or not.
They’ve got a time machine, or an inside track. My bet: the latter.
Rounded off, you are right. I once calculated your chances of winning the Powerball in my state, rounded off to 6 places of the decimal, was exactly 0.
It’ll be gone in 5 yrs.
Know of some people who got money from the black farmers settlement and most have nothing left.
Easy money not earned goes fast.
That might explain the regular lottery wins, but what about the scratch-off?
I know "someone" like that spending not-earned money as fast as they can. They somehow got a hold of a bundle to the tune of $17 Trillion.
$1 mil + $50 thou + $1 mil...
think of the winnings now if they just go now and buy up $2,050,000 worth of tickets!
Knew a guy who hit $77,777 on a scratch off.
Spend the majority of it buying whole rolls of tickets trying to win again.
About 6 months later, all he had to show for it was a slightly newer used car.
Probably typical of winners too
Mark my words, they will be exposed as cheaters.
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