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It's a common (and fairly accurate) assumption to make that the lottery is a completely random game. While this is true to a degree, scratch tickets don't follow the same laws. Think of it this way - any given series of tickets has to be regulated to a degree. The computer in charge of producing them is told to create a specific number of winning tickets, which means it can't...more
After winning the lottery, it's easy to convince yourself that you'll be set for life. While this may be true, it's important to remember that there's a difference between a very large amount of money and an endless supply of money. In fact, if you spend your winnings too frivolously, you could find yourself out of funds before you know it, which can be dangerous if you have...more
If by a miraculous stroke of luck you happen to win the lottery, there is a lot of work and many important decisions to make in the near future. After all, you're dealing with an amount of money that most people will never come close to having, and you want to ensure you're making the right choices with it. As previously outlined, it's vital to put together a crack team of...more
You've done your research and hired the people you think can manage your money the best, and you've finally decided between a lump sum and annuity. With the important initial decisions made about what to do with your lottery winnings, it's smooth sailing from here on out, right? Well, now it's time to make your way through life as the owner of a small (or large) fortune, and...more
As you've no doubt heard, your odds of hitting it big in the lottery are incredibly slim, but i does happen! But what if by some miraculous turn of fate you suddenly find yourself with millions of dollars heading into your pockets over the next several years? Well, you'll probably jump around the room for a few minutes, but once the initial shock wears off, it's time to put...more
You might think that a winning lottery ticket is something a person would keep as close as possible, but believe it or not they've been lost in the past! According to Lottery Post, John Holder had to live through such a nightmare. He was lucky enough to win a $50,000 prize off of a two-dollar scratch ticket, but by the time he made it home, it was nowhere to be found. There...more
In October 2005, one family in Oregon won a $340 million Powerball jackpot, taking home a lump sum of $164 million before taxes. People magazine covered their story at the time, then went back a year later to see how the family's fortune had really changed. Since the family deposited their huge check, they've indulged themselves in a few new houses, a few toys and a couple of...more
Fake check scams involve sending you a check or money order and telling you that you've won a lot of money in a sweepstakes or lottery. To collect the winnings, they claim all you need to do is cash the check and send money to pay for the taxes or pay for some other bogus reason. Some scams may even offer you a job as a mystery shopper, expecting you to deposit checks you...more
If you're feeling lucky, entering a sweepstakes or contest is a no-brainer when it comes to winning prizes. The only problem is finding out where you can enter and which sweepstakes are available, as not all companies advertise their promotions. Here are a couple of places you may be able to find information about sweepstakes and contests.Wherever you shop...more
You may have heard about Powerball® on T.V., but never learned how to play. Don't worry - with these tips, you'll be on the road to participating and maybe even winning in no time! What it is Powerball® is a combined jackpot game coordinated by the Multi-State Lottery Association. The advertised jackpot starts at $20 million and can reach up to hundreds of millions....more