Powerball upgraded to 1.4 Billion!

[Mello_SixtyNine]

I would not be surprised if it got close to 1.75-2 billion by Wednesday night. Currently, the lump sum cash value is now $868 Million. So in the minuscule chance that I win, my take home after State & Federal taxes would leave me with:

$584,598,000

If I were to live on the interest on the winnings at 3% per year, that would end up being:

$48,049.15 per day. I could buy a new Cadillac SRX each day.

 

[Oh_That_Guy]

I would not be surprised if it got close to 1.75-2 billion by Wednesday night. Currently, the lump sum cash value is now $868 Million. So in the minuscule chance that I win, my take home after State & Federal taxes would leave me with:

$584,598,000

If I were to live on the interest on the winnings at 3% per year, that would end up being:

$48,049.15 per day. I could buy a new Cadillac SRX each day.

I'm sure you could do better than 3%

 

[VaticanAssassin]

Not much and not without some risk.

No need to take risk with that much.

Current tax free muni's will get you close to 3%.

I would take that and run.

 

[Oh_That_Guy]

I would not be surprised if it got close to 1.75-2 billion by Wednesday night. Currently, the lump sum cash value is now $868 Million. So in the minuscule chance that I win, my take home after State & Federal taxes would leave me with:

$584,598,000

If I were to live on the interest on the winnings at 3% per year, that would end up being:

$48,049.15 per day. I could buy a new Cadillac SRX each day.

And what's up with the cash option anyway? I don't pay much attention to the lottery so I don't know why people do the things they do but wouldn't it make more sense to take the payments and get more money? If you take the cash option you're still going to live off interest or other investments (if you got half a brain anyway) and that's just monthly or annual payments, too.

 

[4est_4est_Gump]

And what's up with the cash option anyway? I don't pay much attention to the lottery so I don't know why people do the things they do but wouldn't it make more sense to take the payments and get more money? If you take the cash option you're still going to live off interest or other investments (if you got half a brain anyway) and that's just monthly or annual payments, too.

Can't trust the government to keep any program solvent over the course of time...



Plus, if you're buying lotto tickets, you are probably into immediate gratification.

Lap dances for EVERYBODY!!!

 

[VaticanAssassin]

Can't trust the government to keep any program solvent over the course of time...



Plus, if you're buying lotto tickets, you are probably into immediate gratification.

Lap dances for EVERYBODY!!!

True enough.

But unless interest rates exceed a certain level, taking the present day value of a 30 year annuity always makes sense.

 

[4est_4est_Gump]

True enough.

But unless interest rates exceed a certain level, taking the present day value of a 30 year annuity always makes sense.

Dood...

800 million? 500 million?

The average citizen does not have the experience of government in pissing off, in a short time, amounts of money that large.

 

[Mello_SixtyNine]

Powerball Numbers are 4, 8, 19, 27, 34, PB 10

 

[BoyNextDoor]

If those are the numbers I did not win.

Laurelle - please cancel the order for the 52 gallons of PuR lube and make it just the one gallon as per usual this month.

K-thx.

 

[richard_daily]

I'm sure you could do better than 3%

Not if you're dumb enough to play the lottery.

 

[Hypoxia]

Q: Why has the prize grown so great?

A: Because millions of suckers have already thrown away billions of bucks.

I read of idiots cashing in their savings to buy PB tickets. Yow.

Somebody will win but it won't be you.

 

[Hypoxia]

Okay, there are three winning tickets, one from my old hometown.

US$1.6 bln divided three ways is still a shitload.

But not enough to buy Alcatraz.