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
http://www.powerball.com/
It'd buy a nice computer though
D
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PowerBall $340 Million
- Thread starter Mr. Anderson
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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
Hickman
Can you pick me up a ticket? I'm good for the $1.Mr. Anderson said: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
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.
muzikool said:
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.
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 ...
They make more, we get less.
I'll take it anyways
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 ...
They make more, we get less.
I'll take it anyways
i already bought the winning ticket this morning, so you guys dont need to worry about it anyway
If you win and say "I want 1 big check today" you get $150m.Abstract said:
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.
Cash payment of around 164 million...Abstract said:
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.
emw said:Can you pick me up a ticket? I'm good for the $1.
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
When are you going to be in Warsaw next?
D
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.
If I win, MacRumors won't have to worry about contributions anymore, that's for sure.
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?
What, $5 million not enough for you?
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.pseudobrit said: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?
emw said:Sounds fair to me.
3 hours after we win.
If we don't win, probably a month. November in Warsaw - yippee!
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
We'll have to go get a beer next time you're in town.
D
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.
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.
Save your money, people. This is just silly.