lottery-ferrari

What NOT to do if you win the EuroMillions Lottery jackpot

In 2008 Ryan Magee won £6.4m in the EuroMillions lottery after buying 11 lottery tickets at 11 different outlets across Northern Ireland.

It’s been pretty much all down hill ever since.

Shortly after claiming the top prize he purchased a red Ferrari 458 Italia sports car and a spacious five-bedroom country mansion in Eglinton on the outskirts of Londonderry, which included bespoke amenities such as an indoor swimming pool, steam room, 10-person hot tub and champagne bar complete with red baize pool table.

Since then, Magee has crashed his Ferrari, put his mansion up for sale, split from his wife, watch his business fall apart, and most recently been banned from driving.

Last December 4, police officers on mobile patrol stopped the former multi-millionaire who was driving his Ford Focus car along the Foyle Bridge. When asked if he was driving while disqualified Magee replied: “Yep, that’s right.”

For the infraction, Magee was ordered to complete 200 hours of community service, disqualified from driving for five years and fined £250.

District Judge Peter King said Magee’s criminal record of 17 previous convictions, 12 of them for road traffic offenses, was appalling.

His own barrister said the defendant’s life in recent years could be summed up by saying “every silver lining has a dark cloud”.

At FreeLotto we ask that all players promise that if you win, you will not buy a red Ferrari and crash it, nor ruin your business, nor split from your significant other. Promise? OK, now you can play for free.

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jackpot-fatigue

State lottery sales plummet 30% in early 2015

Are you suffering from jackpot fatigue?

If you are, you’re not alone.

Ticket sales for Mega Millions and Powerball games were down 30% for the first quarter, 2015.

Imagine what that’s doing to state budgets!?!

States are responding to falling lottery ticket sales by pumping up the jackpot amounts in hopes of luring back the casual player who buys lotto tickets only when the prize becomes enormous.

An interesting catch is that when fewer people play, it becomes hard to reach the ginormous prizes, for example going from $100 million to $300 million

People once impressed with a $100 million payout shrug until it reaches $300 million. Then fewer people play, so it takes longer to get to staggering prizes.

What are people playing? FreeLotto. More and more gamers are flocking to FreeLotto – the world’s largest online lottery style sweepstakes – because they realize it’s free, easy to play, and the odds are similar to state lotteries.

Check it out for yourself. Play right now.


Va-Lottery

Virginia Lottery introduces Cash4Life game

Imagine receiving $1,000 every day for the rest of your life. That’s the top prize in the Virginia Lottery’s Cash4Life®, with tickets now available at all Virginia Lottery retailers. The first drawing is today, May 4.

Cash4Life is a draw game in which players try to match five out of 60 numbers, plus one out of four CashBall numbers. A player who matches all six numbers wins the top prize.

The second prize, for matching the first five numbers but not the CashBall number, is $1,000 per week for the rest of the winner’s life.

“We’re excited to offer Cash4Life to Virginia Lottery players,” said Virginia Lottery Executive Director Paula Otto. “The exciting top prize in this game has gone over well with players in other states. And of course, every Cash4Life ticket bought in Virginia, win or lose, will help generate funds for K-12 public education in the Commonwealth.”

Cash4Life will replace Decades of Dollars, which will end a successful four-year run in Virginia.

Cash4Life is currently played in New York, New Jersey and Pennsylvania. Drawings are held Monday and Thursday evenings at 9:00 p.m. Tickets must be purchased by 8:45 p.m. to be included in that night’s drawing. Each play costs $2. The odds of winning the top prize are 1 in 21.8 million. The odds of winning the second prize are 1 in 7.2 million.

If a winner prefers not to have a lifetime of prize payments, he or she can opt for a one-time cash option of $7 million for the top prize, or $1 million for the second prize.

Looking to win millions? Play FreeLotto. The odds are similar to VA Lottery games and you can play right now.

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alabama-lottery-challenges-ga-lottery

GA Lottery about to be big losers if Alabama has its way.

There’s an adage: You should only play the lotteries if you have the money to lose (or play FreeLotto where you never lose money – I think this is part of the adage as well).

Well, tell that to the state of Alabama.

Alabama state government is broke. It faces an intractable $200-300 million shortfall — a $700 million shortfall if all the borrowed money is thrown into the calculation.

So how does it plan to cover the shortfall? For years, it has used loans, savings and one-time windfalls to balance its budget.

“We knew this day was going to come. We knew this crisis was going to take place, and it’s here,” Gov. Robert Bentley said in a speech Monday morning.

Democrats in the state have come up with a brilliant solution. A lottery, argues Rep. Craig Ford, could put a huge dent in the state’s budget problems — bringing in perhaps $280 million a year. Alabama Democrats have been proposing lottery legislation for years, but this time is different. The situation in Alabama is dire enough that a top Republican has added his name to the bill as well.

If Alabama institutes a state lottery, do you know who stands to lose? The Georgia Lottery. You don’t think the good people from Alabama are crossing state lines to play the GA Lottery in hopes that tomorrow might be much happier than today? A lottery ticket is a cheap dose of hope.

Although, I have a much better approach – one that’s much more convenient (play from home), less expensive (it’s free), and similar chances of winning the big jackpot. Play FreeLotto.


pa-lottery

PA Lottery expanding ways to play and win scratch-off games

The good folks in Pennsylvania will soon be able to “play at the pump.” That is, buy lottery tickets while gassing up their cars.

Drew Svitko, recently named as the executive director of the Pennsylvania Lottery, explained the change, “The more places you see those [lottery] tickets, the more we are going to sell.”

Pennsylvania lottery officials as well as the PA state legislature is also considering making it easy to buy scratch-offs at the grocery store checkout counter and when purchasing a bottle of wine at a state liquor store.

“We have to continue to evolve our business,” Svitko said. “We have a number of plans in place next year involving the way we sell our product and increasing our points of distribution.”

He noted that instant tickets are mostly impulse purchases so increasing access to them has proven throughout the 44-year-old lottery’s history to be the biggest factor in boosting ticket sales.

Selling lottery tickets at gas stations is currently being tested in California, North Carolina, Missouri and Minnesota.

Of course, you can also play for free, right now. Click below to play FreeLotto and see if you’re in instant millionaire.


Illinois Lottery’s “Vegas” ticket

Friday the 13th is a lucky day to win cash

Turns out Friday the 13th is a lucky day after all. At least for Tom Brown from Rockford, Illinois. Mr. Brown, 71, played the Illinois Lottery’s “Vegas” ticket on the infamous Friday and won $200,000 cash. He said his first order of business with the money is to take his wife, his two children, six grand-kids and two great-grandchildren on a trip to Disney World in Florida.

“Friday the 13th certainly was lucky for me,” said Tom Brown after turning in a winning scratch-off lottery ticket at a claim center.

The winning cash will come in handy, he said, because there are also bills he needs to pay.

Mr. Brown said he plays the lottery about once a week. Last Friday’s winning ticket was purchased at a Schnucks grocery store. The store earned a $2,000 payout for its part in the win.

Did you win any cash on Friday the 13th? Tell us in the comments section below if you were lucky. Test your luck for free when you play FreeLotto. Click below to play.


Play this online lottery and win an indoor skating rink

Our friends in Canada sure do know how to play the lottery online and make it unique to, well, Canadians.

The Health Care Foundation Hospital Home Lottery will award one lucky winner a $1 million grand prize show home featuring 3,700 sq ft of luxury living space, naturally, 17-ft vaulted ceiling, of course, fully finished basement with powder room and sports bar, sure, and an indoor skating rink with artificial ice.

Well, why wouldn’t it? It is Canada, after all.

The builder, Dave Dobbin, admitted that building this house was a bit of a treat.

“This house, I guess it’s more free reign. You don’t actually have a client or a family that you’re particularly working for, so you have more license to do some interesting things — like skating rinks and man-cave sports bars,” he said.

This is the seventh home lottery the foundation has held, raising money for hospitals in St. John’s.

Lottery tickets for the $1-million home are available online, and the draw is set for July 11 or whenever all tickets are sold. Click here to play this online lottery.

The home is open for public viewings.

Another way to add an indoor skating rink to your home is to play and win FreeLotto. And you don’t have to wait until July to see if you won. Click below to play for free.

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Irish Spring What Does Your Signature Say About You Sweepstakes

Your signature can help you win online sweepstakes in fun promotion

A signature says a lot about a guy, from their personality to their style.

And if you’re lucky, your signature can also win you a 4 day/3 night trip for 2 to the 2015 NFL Draft taking place on April 30-May 2 at the Auditorium Theatre of Roosevelt University in Chicago, Illinois!

Win the “What Does Your Signature Say About You Online Sweepstakes”

All this month, analyze your signature at YourSignaturePersonality.com to find out what it says about you. Then, register for the What Does Your Signature Say About You Sweepstakes for the chance to win the grand prize.

The free online contest, which started back on February 23rd, is scheduled to end on March 31, 2015 after which the time the Sweepstakes will be closed and no further entries will be accepted.

Irish Spring partnered with an expert graphologist at the Graphology Consulting Group to create an interactive tool to analyze and showcase guys’ personalities based on traits and flares in their signatures.

What a fun way to win cash and prizes online. Of course, you can also play and win instantly with FreeLotto. It’s free and fun and you don’t have to wait until March 31 to see if you won.

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california-lottery

CA lottery using an ad like nothing you’ve seen before

Most lottery advertising focuses on what you do if you won the big money. Quit your job. Buy a yacht. Go on vacation for life.

But the California lottery is doing something totally different. Led by David & Goliath, an indie L.A. ad agency, it instead chose the mini-documentary route to back up the brand’s ongoing tagline, “Believe in something bigger.”

“Every lotto brand talks about riches and private islands and material wealth,” said David Angelo, the agency’s founder and chairman. “We’re saying that the California Lottery stands for more than jackpots.”

The CA Lottery agency chose as subjects six people who have used their own ingenuity and dedication to pursue their dreams, including a woman who established an equestrian club for kids in inner-city Compton or an Orange County restaurant owner who donates 1,000 meals a day to hungry children.

These are bootstrap folks – “everyday heroes,” as the agency calls them — who make a difference without piles of money. Think of the potential impact, the campaign implies, if purpose-driven people are lucky enough to quick-pick some winning lotto numbers.

“It’s hard to believe in winning the lotto,” Angelo said. “We think we’ve found a very human way to link to the idea that anything is possible.”

Check out the videos here: California lottery campaign

What would you do if you won the jackpot? Tell us below in the comment section.


Why you keep playing the lottery

Why we play the lottery

Six numbers have the power to change your life.

Maybe your child is ill and there are hospital bills to pay. Maybe you’ve lost your job and you’re worried about making rent. Maybe you still have a job, but you’re miserable, and you’d really like to spend the next 50 years lying on a beach with a mai tai in hand.

Whatever your situation, the question remains: why do we play the lottery?

And to be clear, a great many of us do. In fact, more than 50% of the U.S. population play the lottery in a typical year.

“People love to have a rescue fantasy,” human behavior expert Dr. Wendy Walsh told CNN. “We have the Cinderella complex – there’s a fairy godmother who’s going to come in and save us.”

We’ve all heard the statistics. Your chances of winning a major lottery jackpot are about one in 175 million. You’re more likely to die from a bee sting (one in 6.1 million), be struck by lightning (one in 3 million) or have conjoined twins (one in 200,000).

But people keep playing – most likely because the thought of winning $500 million is much more fun than the thought of being attacked by a shark (one in 11.5 million).

“It doesn’t faze them because they’re in love with hope,” Walsh said.

Part of the allure is that everyone else is doing it, said Dr. Stephen Goldbart, author of “Affluence Intelligence” and co-director of the Money, Meaning & Choices Institute.

In a Psychology Today article titled “Lottery-itis!” Goldbart noted two main reasons why people spend money to play lotteries:

“Jumping on the bandwagon is an age-old motivator of psychological behavior,” wrote Goldbart and his colleague, Joan DiFuria. “We want to be with the in-crowd, to be ‘part of the movement,’ not ‘feel left out.’ ”

The second reason stems from a sense of disempowerment that comes with change – whether it’s a changing economy or a changing world.

“The map to finding the American Dream has been radically altered,” they wrote. “(The lottery) lets you believe in magic: that you will be the one who spent a little and got a lot; that you will defy the extraordinary odds against winning.”

Spend a little, get a lot – the basis for every good investment. The low cost of a lottery ticket is one of the most seductive things about it.

One study, published in the Journal of Behavioral Decision Making, theorized that people focus on the cost-to-benefit ratio of a single ticket rather than add up the long-term cost of playing over a year, or a lifetime.

Still, to say that playing the lottery is a bad idea doesn’t sit well with the professor of economics and psychology.

“It’s ridiculous to say that 51% of the population is just irrational or self-destructive,” he said. “It serves a psychological function for people. … Our pleasure of living is not only based on our current situation, but what could be, what we can imagine our situation could become.”

Irrational or not, millions will sit around their TV and computer screens, praying that their lucky six numbers will appear.

They’re optimistic that the fairy-tale ending they’ve been waiting for will come, even if it takes a little magic.

Of course, playing the lottery doesn’t have to cost you money. You can play at FreeLotto for free:


What Would You Do if You Won the Lottery?

Why we play lotteries. And why it’s a good idea if done right.

Do you ever dream about winning the lottery?

Sure you’ll find people who think that buying lottery tickets is among the silliest decisions a person could make. And it is true that the odds of winning anything substantial are very much stacked against you.

There is no doubt that people should not spend money on lottery tickets that they can’t afford to lose. If you have a gambling problem, or are financially destitute, it is a terrible idea. And for anyone to stake his or her financial future on lottery tickets is beyond foolish.

But – and this is the important part – there are a couple of dimensions that these tut-tutted warnings miss, perhaps fueled by a class divide between those who commonly buy lottery tickets and those who choose to throw away money on other things like expensive wine or mansions.

As long as one thinks about the purchase of lottery tickets the right way — again, purely a consumption good, not an investment — it can be a completely rational decision. The biggest and most generally applicable reason buying lottery tickets is a non-terrible idea is this: It is fun to imagine one’s future after arriving at vast wealth.

Who doesn’t daydream about what sorts of houses and cars and airplanes one would buy with the half-billion-dollar Powerball grand prize? (It’s more like around $340 million in cash value terms; the larger number is if the prize is taken as an annual payment.)

Fantasizing about what you would do if you suddenly encountered great wealth is fun, and it is more fun if there is some chance, however minuscule, that it could happen. The $2 price for a ticket is a relatively small one to pay for the enjoyment of thinking through how you might organize your life differently if you had all those millions.


Here’s what to do if you win the lottery

What to do if you win the lottery

If you should ever be so lucky as to win a major prize in a lottery, there are some things you need to know about:

1) Read the rules on the ticket and on the lottery’s website. Sign your name on the back of the ticket, unless the rules forbid it. Then make a copy of it and put it in a safe deposit box. Don’t feel compelled to tell the world just yet. Try to refrain from telling anyone beyond your immediate family. You can take your time before contacting the lottery authorities, but be aware that ticket expiration periods vary from state to state, from 90 days to one year. The back of your ticket will likely detail the expiration period for your state.

2) Assemble your team. You need to interview estate attorneys, accountants and financial advisers. An important caveat: Don’t hire only one money manager. You can assemble anywhere from three to six with different areas of expertise.

3) Determine whether you will accept the payout as a lump sum or in installments. At this point, the lump sum for the $500 million prize is $327 million before federal taxes are applied and $245.2 million after-tax. Conversely, you could choose to receive annual payments over 29 years, which would amount to $16.6 million a year pre-tax and $12.5 million after taxes. This does not include state or city taxes, which would further reduce your take. You have 60 days, after you claim your ticket, to make the decision.

You mostly hear about winners taking the lump sum, because they want to control the entire amount of money. This year, there could be a tax edge in taking the lump sum, since odds are good that taxes will rise next year.

The big problem with a lump sum is that winners often end up blowing the entire amount doing dumb things. Don McNay, author of the book “Son of a Son of a Gambler: Winners, Losers and What to Do When You Win the Lottery,” says nine out of 10 winners go through their money in five years or less. “It’s too much, too fast,” he says. “Nobody is around them putting the brakes on the situation.”

The stream of income ensures that you won’t blow through your entire jackpot. That said, there’s a major caveat to going this route — if you die before collecting the entire amount, the remainder of your winnings may or may not pass to your heirs. This depends on the rules of the individual lottery and the state where you win.

4) Determine the legal structure of your investment holdings. Your attorney will help determine whether you should utilize trusts, limited liability companies or even corporations. Depending on your state of domicile, each may have advantages and disadvantages in terms of taxation, as well as privacy.

That said, it’s fine to splurge a little. The key is to not go crazy — initially, keep it under $100,000. That means don’t buy a new house or a Ferrari for a while, but do take your family on a fabulous vacation. And when you return, remember that you have a new job: Responsibly managing your money.

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wallet

In the Nick of Time

For the past seven months the Euromillions prize of £51,232.90 has been left unclaimed, that is, until James Wilson checked his wallet. For some reason, James Wilson decided to clean out his wallet and on this fateful day, it turned out to be a great idea.

The newlywed from Bradley Stoke, South Gloucestershire found the old lottery ticket in his wallet and after checking the numbers, realized he had won the jackpot. Upon further examination, he also realized the ticket was due to expire the next day.

James Wilson frantically called the lottery office in Camelot, but the office was closed for the night. He finally got in touch with someone the next morning and they confirmed he could still claim the prize.

Wilson and his wife plan on using the money to move out of his parents house and into a place of their own. James also wants to purchase a new car for his wife and return to his hobby of bike racing.

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Mega Millions Jackpot Up To $400 Million

Filling out a Lottery ticketThe Mega Millions Lottery has rolled over 20 times in the last 10 weeks driving the jackpot amount up to $400 million, the second largest jackpot amount in the lottery’s history. If you haven’t yet purchased your tickets, don’t worry, you still have a little time. The next Mega Millions drawing will take place Friday, December 13th at 11 pm EST.

The last Mega Millions numbers drawn on December 10th were 5- 12-22-41-65 and the mega ball was 13. Five lucky players matched five of six numbers and won $1,000,000 each but no one hit all six numbers.

If someone matches all six numbers on Friday night, they will have the choice of taking the $400 million jackpot as a 30 year annuity or taking the cash option of approximately $216.4 million before taxes.

Mega Millions Lottery tickets are sold in 45 jurisdictions and the odds of winning this mega lottery jackpot are one in 259 million.

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First Class to Thailand

long boat and poda island in ThailandBrian McTigue, a retired school caretaker from West Derby, England, was checking his weekly lottery tickets when he was distracted by the doorbell. He had only checked one of his three tickets, a £25 winner. McTigue answered the door and chatted with a builder who had come by to give him a quote on some work he was planning on his home. Forgetting about his lottery tickets, McTigue went to the kitchen to make dinner after his meeting. It wasn’t until after eating his dinner that he got back to checking his tickets. One of his remaining tickets was a big winner worth £2,850,984.

McTigue plans to use the money to pay for the extension he had been planning on his home. He also plans to celebrate by taking a first class vacation to Thailand.

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