PowerBall $340 Million

Discussion in 'Community Discussion' started by Mr. Anderson, Oct 19, 2005.

  1. Mr. Anderson Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #1
    So I had to go out and buy a ticket today - that amount of money is just silly.

    http://www.powerball.com/

    It'd buy a nice computer though :D

    D
     
  2. GroundLoop macrumors 68000

    GroundLoop

    Joined:
    Mar 21, 2003
    #2
    I never play the lottery, but I bought a few tickets for the last powerball drawing (Saturday) and I will get a few for tonights as well. What the heck, it is a $150M lump sum cash payout. It might just be enough to buy the new dual-dual core powermacs that come out today.

    Hickman
     
  3. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #3
    Can you pick me up a ticket? I'm good for the $1. ;)
     
  4. muzikool macrumors member

    Joined:
    Apr 5, 2005
    #4
    I heard earlier today that somewhere around $130 million is what it would take to buy every single combination possible. That way you're a guaranteed winner!
     
  5. joepunk macrumors 68030

    joepunk

    Joined:
    Aug 5, 2004
    Location:
    a profane existence
    #5
    Hopefully you didn't use the numbers (Lost) :p

    Good luck anyway
     
  6. solvs macrumors 603

    solvs

    Joined:
    Jun 25, 2002
    Location:
    LaLaLand, CA
    #6
    I play the lottery every once and awhile. I still have a couple of tickets I haven't checked. Would be cool if I won something, but I'd feel like an idiot for going weeks without realizing it.
     
  7. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #7
    Until 4 other people win as well, then you're out $100 million!
     
  8. Lacero macrumors 604

    Lacero

    Joined:
    Jan 20, 2005
    #8
    Pick 12 numbers, play them in combinations, thus increasing your chances of winning.
     
  9. xli_ne macrumors 6502a

    xli_ne

    Joined:
    Mar 3, 2005
    Location:
    Center of the Nation
    #9

    So all I have to do is spend 130 million to make the 150-160 million cash out. 20-30 million, sounds good to me. :D
     
  10. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #10
    This is the all new Powerball ....

    1. higher odds 1 in 146 million :(

    2. max $25 million increase for new record jackpots (2nd place winners get the overflow) :(

    3. lower initial annuity payments -- payments backloaded (old Powerball $11.3+ million, new system $6 million first payment.) :(

    4. less than 50% cash option because of 3 -- you get less than Jack Whittacker did. :(

    5. Near the year end -- tax payment due in weeks (no interest on it), if you let it slide to next year. Taxes rates may go up. :(

    Yay, all hail the new Powerball ... [​IMG]

    They make more, we get less. :(

    I'll take it anyways :D
     
  11. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #11
    I'd have to win the lottery to win the lottery.
     
  12. gwuMACaddict macrumors 68040

    gwuMACaddict

    Joined:
    Apr 21, 2003
    Location:
    washington dc
    #12
    i already bought the winning ticket this morning, so you guys dont need to worry about it anyway ;) :D
     
  13. Abstract macrumors Penryn

    Abstract

    Joined:
    Dec 27, 2002
    Location:
    Location Location Location
    #13
    I don't get it. If you win, do you get $340m or $150m???
     
  14. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #14
    If you win and say "I want 1 big check today" you get $150m.

    If you win and say "go ahead and pay me for 20 years" you get 20 checks that total $340 million.

    The logic to taking the one lump sum is that you could invest it more effectively than the lottery does, and therefore end up with more money.

    Or you don't trust the gov't to keep paying you for 20 years. ;)
     
  15. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #15
    Cash payment of around 164 million...

    Or an annuity, that starts at $6 million and probably goes up every year til you get $16 million for the last payment.

    Basically payments totalling $340 million over 29/30 years.

    The backloaded payments will reduce the current cash value, when you take into account interest. Just an accounting game in Multi State Lottery's favor.

    But you do get increasing payments every year. ;)
     
  16. Mr. Anderson thread starter Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #16

    I'll go buy you one on my way to Ultimate tonight - if it wins I get half, and you only need to pay me .50 :D

    When are you going to be in Warsaw next?

    D
     
  17. Mike Teezie macrumors 68020

    Mike Teezie

    Joined:
    Nov 20, 2002
    #17
    Yeah, I'll be buying a few tickets for the drawing tonight.

    If I win, MacRumors won't have to worry about contributions anymore, that's for sure.
     
  18. pseudobrit macrumors 68040

    pseudobrit

    Joined:
    Jul 23, 2002
    Location:
    Jobs' Spare Liver Jar
    #18
    I like the logic of people who say stuff like "I only play when the jackpot gets really big."

    What, $5 million not enough for you? :rolleyes:
     
  19. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #19
    Sounds fair to me.

    3 hours after we win. ;)

    If we don't win, probably a month. November in Warsaw - yippee!
     
  20. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #20
    HA! I suppose that is a common view of it. For me, "really big" means "more than I'm likely to make the remainder of my working life", which would roughly equate to just about any lottery jackpot these days.
     
  21. Mr. Anderson thread starter Moderator emeritus

    Mr. Anderson

    Joined:
    Nov 1, 2001
    Location:
    VA
    #21
    I'll let you know later when I get home what the numbers are so you can check them yourself - I'll scan it in and email you the pic or I could always post it here :D

    We'll have to go get a beer next time you're in town.

    D
     
  22. Whyren macrumors 6502a

    Whyren

    Joined:
    Jun 3, 2004
    Location:
    east of the West and west of the East
    #22
    Normally I'd never buy lotto tickets but, meh, I guess I can spare a couple of sodas to have a near infinitely small chance of winning.
     
  23. wordmunger macrumors 603

    wordmunger

    Joined:
    Sep 3, 2003
    Location:
    North Carolina
    #23
    There was a big article today in the Charlotte observer about the ridiculous amounts of money some of the lotto places on the SC border make (no lotto in NC [yet]). One place just outside of Charlotte sells over 6 million tix a year -- even at 7 cents profit/ticket, that's nothing to sneeze at. They interviewed a woman who had just spent $150 on tickets.

    Save your money, people. This is just silly.
     
  24. emw macrumors G4

    emw

    Joined:
    Aug 2, 2004
    #24
    I'll definitely let you know when I'll be there. And thanks for the ticket - baby needs a new pair of PowerBooks. :D
     
  25. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #25
    Don't worry if the "Lost" shows numbers happen to strike like they did for the fortune cookie numbers not long ago -- there will probably be around 3000 people splitting the pot with you. :p
     

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