Powerball

Discussion in 'General Chit-Chat' started by MattNH, Jan 8, 2016.

  1. MattNH

    MattNH Well-Known Member

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    I only buy Powerball tickets when the advertised jackpot is over 1/2 billion and since I didn't win Wednesday, I bought a ticket for Saturday. This one says $700 million, which means a lump sum in the neighborhood of $428 million and after the taxes I'll be left with $259 million, give or take a few $100k.

    In reality, I only need $10 million of it to live a comfortable life working on projects and things I want to work on, not going to a job to support my family. Let's say I need to get a little more comfortable and decide I require $59 million for a lake house, with gun room, acreage within a 15 minute drive for a shooting range, a new truck and 22LR, 38Spl, 357Mag, 30-30, 30-06 and 9mm ammo by the pallet. Plus three college educations and some nice things for the wife. We would also require a staff. Not like a "Downton Abbey" staff, but a personal assistant for travel arrangements, appointments and bill paying, housekeeper and a chef. It's extravagantly manageable and I'll even have a metric sh$t-ton left over as walkin' around money. This is even after watch shopping in Geneva and getting some of that coffee they pick out of the cat crap.

    What to do with the other $200 million? Several charities come to mind: our church, local library, town recreation department, local dog rescue, a local organization for kids who's parents have cancer, the national Make a Wish Foundation and a cancer organization (that I would have to research).

    There's still 10's of millions left over - what to do?
     
  2. SHOOTER13

    SHOOTER13 RETIRED MODERATOR Lifetime Supporting

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    I'm ready to be adopted....
     

  3. SWO1

    SWO1 Well-Known Member Lifetime Supporting

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    According to Statistics your odds of winning is the same buying 1 or 1 million tickets ..... 1 in over 292+ million.

    I hit it BIG prior to last week ... $4. Bought 2 for last one and another $4. Will turn it over for 2 this week. My budget for gambling is $20 a month. I would take the 30 year deal, around 25 mil or so a year. Would set up trust fund(s) for the kids/grand kids/great grand son. Probably couldnt spend it all in my life time. Have no desire to travel other than in the US. Already been to a lot of places outside ConUSA and didnt forget anything so no reason to go back. Small motor home would do just fine. Folgers Colombian is fine, I have 4 cats. I have enough rifles/pistols and reloading supplies for the long term. And I wouldnt buy any Green Bananas ..... :p. Have all the property I can handle or need. A couple $K for .22 match ammo a year. I havnt mastered shooting the gun I have to its potential and at my age probably never will, just having fun. I would rest easy knowing my loved ones will be provided for.
     
  4. SHOOTER13

    SHOOTER13 RETIRED MODERATOR Lifetime Supporting

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    I won a $1 on a scratch off once...does that count !? :rolleyes:
     
  5. SWO1

    SWO1 Well-Known Member Lifetime Supporting

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    Better than a poke in the eye with a sharp stick ..... :)
     
  6. FOUR4D4

    FOUR4D4 Moderator Moderator

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    My wife bought 5 tickets
     
  7. MattNH

    MattNH Well-Known Member

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    Net on the new estimated $900 million jackpot taken as a lump sum after taxes is $333 million

    If there is no winner, next jackpot is estimated as $1.3 billion

    Lump on $1.3b is $796m, after taxes $481m

    I'm not buying again until the after taxes is over 1/2 billion, otherwise hardly seems worth it
     
  8. FOUR4D4

    FOUR4D4 Moderator Moderator

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    333 million in taxes they say you have a better chance at being struck by lightning.
    Which one would be a slower death?
     
  9. MattNH

    MattNH Well-Known Member

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    Well crap, the lump sum is estimated at $930 million, which would put the after taxes at almost $563 million, so I held true and bought a ticket. I guess I'll keep the change, meaning the $63 million, and then I gotta do something with 1/2 billion dollars.

    One of my coworkers does the "the lottery is a tax for those bad at math", so I asked what he would do with 1/2 billion dollars, he started saying stuff and I cut him right off, the reason I bought the ticket is so I can talk about what I would do if I won. No ticket = no talking

    One hundred dollars - I actually have 2 of these with me right now. Very common
    [​IMG]

    Ten thousand dollars - I could assemble this in a matter of hours. Very easy to carry around
    [​IMG]

    One million dollars - nope, can't do it. Still transportable though
    [​IMG]

    One hundred million - now we're impressed. I can picture five of these pallets in the garage, but my wife will have to park her mini-van outside
    [​IMG]
     
    Last edited: Jan 13, 2016
  10. SHOOTER13

    SHOOTER13 RETIRED MODERATOR Lifetime Supporting

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    The Powerball lightning bolt finally struck. Lucky ticket holders in three states — California, Florida and Tennessee — will split the record $1.6 billion Powerball jackpot that lured millions of lottery hopefuls into a frenzied buying spree.



    The winners beat the 1-in-292.2 million odds by picking the magic combination: 4, 8, 19, 27, 34 and Powerball 10.
     
  11. havasu

    havasu Well-Known Member

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    The Cali winner was purchased from a 7 Eleven in Chino Hills, which is about 15 miles from my house. I too bought 5 tickets from a 7 Eleven yesterday in the city of Ontario, just one city over. Damn close!
     
  12. SWO1

    SWO1 Well-Known Member Lifetime Supporting

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    Darn, only missed it by 5 numbers ......:D
     
  13. MattNH

    MattNH Well-Known Member

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    I hit the powerball number and turned my ticket this morning for $4, although at the same time I topped off my gas tank with about $12 in 87 octane unleaded @ $1.93 / gallon
     
  14. SWO1

    SWO1 Well-Known Member Lifetime Supporting

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    Didnt win squat for my ticket .... BUT gas here is down to $1.49. I I really came out ahead of you at about $4.40 for 10 gal. ..... :D