Powerball lottery

[3Roosters]

When I win I will go to disappear mode aka Andy Defresne of Shawshank Redemption!

 

[JayKay]

If I won that much money Guy, I'd MAKE it legal to shoot varmints at night.

1.3B. Let's do the math, please feel free to correct me if I mess up somewheres. 1.3 billion dollars. Gov'mint takes 45%, that leaves a lot. I'm 46, so I wouldn't take the lump sum. I'd take the 30 yr payout. The 55% divided by 30 yrs, divided by 12 months in a year. After taxes, my monthly stipend (yes, I'll call it a stipend, because I'll scrape by on the little amount) would be $1.986 million. Per month. Let's see... the first month I'd buy everything I've ever really needed, and nearly everything I've ever wanted. By the end of the first year I'd have bought pretty much everything I could ever envision somehow (even remotely) using. By the end of 5 years I'd have gotten everything I'd ever even imagined.

I have bought (I believe) four lotto tickets in my life. I may just buy another one or two before the weekend.

I know that winning the lottery wouldn't make me a better person, and it might not bring me true happiness, but I do believe it would be fun.

I for sure would buy some new dirtymike custom lures.

 

[Brian Renville]

Looks like I got enough back to grab a sub on my way out.

 

[johnr]

Mrs johnr told me I am a loser again...haha
I suck

 

[DirtyMike]

If I won that much money Guy, I'd MAKE it legal to shoot varmints at night.

1.3B. Let's do the math, please feel free to correct me if I mess up somewheres. 1.3 billion dollars. Gov'mint takes 45%, that leaves a lot. I'm 46, so I wouldn't take the lump sum. I'd take the 30 yr payout. The 55% divided by 30 yrs, divided by 12 months in a year. After taxes, my monthly stipend (yes, I'll call it a stipend, because I'll scrape by on the little amount) would be $1.986 million. Per month. Let's see... the first month I'd buy everything I've ever really needed, and nearly everything I've ever wanted. By the end of the first year I'd have bought pretty much everything I could ever envision somehow (even remotely) using. By the end of 5 years I'd have gotten everything I'd ever even imagined.

I have bought (I believe) four lotto tickets in my life. I may just buy another one or two before the weekend.

I know that winning the lottery wouldn't make me a better person, and it might not bring me true happiness, but I do believe it would be fun.

I for sure would buy some new dirtymike custom lures.

Its weird because the price just went up on lures. 1.98 million for a lifetime supply.

 

[3Roosters]

If I won that much money Guy, I'd MAKE it legal to shoot varmints at night.

1.3B. Let's do the math, please feel free to correct me if I mess up somewheres. 1.3 billion dollars. Gov'mint takes 45%, that leaves a lot. I'm 46, so I wouldn't take the lump sum. I'd take the 30 yr payout. The 55% divided by 30 yrs, divided by 12 months in a year. After taxes, my monthly stipend (yes, I'll call it a stipend, because I'll scrape by on the little amount) would be $1.986 million. Per month. Let's see... the first month I'd buy everything I've ever really needed, and nearly everything I've ever wanted. By the end of the first year I'd have bought pretty much everything I could ever envision somehow (even remotely) using. By the end of 5 years I'd have gotten everything I'd ever even imagined.

I have bought (I believe) four lotto tickets in my life. I may just buy another one or two before the weekend.

I know that winning the lottery wouldn't make me a better person, and it might not bring me true happiness, but I do believe it would be fun.

I for sure would buy some new dirtymike custom lures.

I think...now this is just me thinking..haha..but I BELIEVE the reason most people take the lump sum...is because if you take the annuity payout...and die the following year for example...annuity stops. nada zip zero zilch left for any beneficiaries. Payout stops at death.

 

[JayKay]

I think...now this is just me thinking..haha..but I BELIEVE the reason most people take the lump sum...is because if you take the annuity payout...and die the following year for example...annuity stops. nada zip zero zilch left for any beneficiaries. Payout stops at death.

I believe (and I might be wrong, but there's been some hubbub about this) that that is the way the rules USED TO BE written, that was true. You take the annuity and tip over dead one year later, and all the unused monies go back into the pot. I believe that now the monies could (if you choose) go to your beneficiaries. That makes all the difference in the world to me.

However, you may notice that I'm still here, pecking away on my keyboard, and not sitting on a beach sunburning my backside. Thus, you can surmise that I did not win.

That is all.

- - - Updated - - -

Its weird because the price just went up on lures. 1.98 million for a lifetime supply.

Worth every penny.

 

[Rowdie]

What money I would donate would be set up in an account where they could ONLY spend the interest.

 

[guywhofishes]

I'm glad it's over. I was getting mucho tired of the hype.

 

[Captain Ahab]

What money I would donate would be set up in an account where they could ONLY spend the interest.

I would give a bunch to the 75 year old Nancy Pelosi with a clause she couldn't spend any of it for 30 years. The next clause would be if she dies before the 30 year mark it becomes a donation to Republican party in her name. A democrat with money they can't spend has to be excruciating.

The old bag would probably have me assassinated. Ha ha

 

[3Roosters]

I am glad it went to more than one person as that is one heck of a lot of cash for one person, splitting 3 ways is still a mega amount, however. duhhhhh...I would be happy with a tidy sum of say 10 million. Find a bunch of different banks to pay you 2% interest in todays interest rate environment..that would be a nice sum of 200 grand a year to live off the interest. I think I could tough that out for a few years until interest rate environment improves at which time I would try to live off that higher interest rate.Thumbs Up
In all seriousness though...winning too much...just seems it would be a huge hassle for most. Friends and relatives coming out of the woodwork asking to borrow some. Hiring bodyguards for pretty much the whole extended family to guard against kidnapping and such. People coming out of the woodwork asking to invest in this and invest in that..hell...if it were me...I don't need to invest in Nothing...I have my pile of money. I wouldn't need to get richer!! I would put it all in guaranteed bank money. Max amount that each bank would guarantee and visit every darn bank around putting money in up to guarantee amount..what is it now. $250,000? That is a lot of banks that would like me. hhahahaha

 

[johnr]

If you have a 292,000,000 odds of winning, and the cash prize is 1,500,000,000,000, why wouldn't a guy with that type of cash just buy 292,000,000 worth of tickets using all combinations of numbers and guaranteeing a win?

Seems like pretty good odds of at least a break even, unless more than 4 people won, but likely tripling your cash.

 

[Rowdie]

If you have a 292,000,000 odds of winning, and the cash prize is 1,500,000,000,000, why wouldn't a guy with that type of cash just buy 292,000,000 worth of tickets using all combinations of numbers and guaranteeing a win?

Seems like pretty good odds of at least a break even, unless more than 4 people won, but likely tripling your cash.

A) They don't take credit, It has to be cash
B) Buying every number means if only one other person you would at least half to split it, so now your're at 750 million.
C) Each number would cost you $2 so that would cost you $584 million....CASH.

 

[Account Deleted]

If you have a 292,000,000 odds of winning, and the cash prize is 1,500,000,000,000, why wouldn't a guy with that type of cash just buy 292,000,000 worth of tickets using all combinations of numbers and guaranteeing a win?

Seems like pretty good odds of at least a break even, unless more than 4 people won, but likely tripling your cash.

Things like that have been tried before. Basically, you run out time to buy every number in between drawings.

 

[nxtgeneration]

They had talked about this on the radio for awhile the other day and apparently someone tried at one point and they crashed the system.

 

[3Roosters]

If you have a 292,000,000 odds of winning, and the cash prize is 1,500,000,000,000, why wouldn't a guy with that type of cash just buy 292,000,000 worth of tickets using all combinations of numbers and guaranteeing a win?

Seems like pretty good odds of at least a break even, unless more than 4 people won, but likely tripling your cash.

Reminds me of a time a good number of years ago. A few of us were at a watering hole wagering on the ponies. After losing money race after race after race, I came up with a brilliant idea( or so it seemed- perhaps the alcohol was clouding my judgment). I came up with the brilliant plan...instead of just betting on one or 2 or 3 of the ponies...bet money on each of the horses on a certain race. Guaranteed winner I thought...totally brilliant idea..I thought as I was patting myself on the back for such brilliance. The good news is yes, I did win. The bad news is, I didn't win enough to cover what I paid to bet on them all. hahahaha. I felt like such a sap..hahahaha left wondering how many other brilliant ones have tried this maneuver. hahaha. Ahhhhhh yes, Alcohol is a wonderful thing.

 

[JayKay]

I am glad it went to more than one person as that is one heck of a lot of cash for one person, splitting 3 ways is still a mega amount, however. duhhhhh...I would be happy with a tidy sum of say 10 million. Find a bunch of different banks to pay you 2% interest in todays interest rate environment..that would be a nice sum of 200 grand a year to live off the interest. I think I could tough that out for a few years until interest rate environment improves at which time I would try to live off that higher interest rate.Thumbs Up
In all seriousness though...winning too much...just seems it would be a huge hassle for most. Friends and relatives coming out of the woodwork asking to borrow some. Hiring bodyguards for pretty much the whole extended family to guard against kidnapping and such. People coming out of the woodwork asking to invest in this and invest in that..hell...if it were me...I don't need to invest in Nothing...I have my pile of money. I wouldn't need to get richer!! I would put it all in guaranteed bank money. Max amount that each bank would guarantee and visit every darn bank around putting money in up to guarantee amount..what is it now. $250,000? That is a lot of banks that would like me. hhahahaha

I think there was a TV show with a banker who loved his rich client. Seems to me the theme song went:

Come'n lissen to a story 'bout a man named Jed..

 

[3Roosters]

I think there was a TV show with a banker who loved his rich client. Seems to me the theme song went:

Come'n lissen to a story 'bout a man named Jed..

Ellie Mae sure was a Purdy girl:;:thumbsup

 

[johnr]

max bear never really worked after being typecast as jethro.
Not a huge call for that type of character

Never go full on retard

 

[JayKay]

max bear never really worked after being typecast as jethro.
Not a huge call for that type of character

Never go full on retard

Yeah, you never see Corky anymore..