I'm buying a Powerball ticket today.

[Chris Stack]

It's going to be ~$310M. I figure divide that in half to get the immediate payout, and half again for taxes, we're looking at ~$75M. Nice little pay day. Wonder how long I'd have to wait for a 458 Spyder to come in?



And in before 10 retards brag about "I never play the lotto" and "it's a tax on people who are bad at math"; I can afford the $5 I'm going to waste on tickets.

[ATL_Av8r]

$2/ticket.....gotta go either 4 or 6

[nokturnal]

I asked my wife one time what she would do if she hit the Powerball. She took a long pause and said... I'd pay off all my bills.

That's when I knew I married the wrong woman.

[Ted Brogan]

I guess everyone bought tickets yesterday while i was off work. Gotta say i hope they dont win because i dont want to be the only one left here

[Der Schaltwerks]

I buy a ticket a few times per year.

You can't win, if you don't play.

[Tornado2dr]

It's going to be ~$310M. I figure divide that in half to get the immediate payout, and half again for taxes, we're looking at ~$75M. Nice little pay day. Wonder how long I'd have to wait for a 458 Spyder to come in?



And in before 10 retards brag about "I never play the lotto" and "it's a tax on people who are bad at math"; I can afford the $5 I'm going to waste on tickets.

Buy one for me and we'll split the winnings 75-25.

I hate the lotto. I rarely buy a ticket, and then I am "surprised" when I don't win ****.

[FlashRedGLS1.8T]

I play it with a group of people here at work.

Bring it on! $&&&

[TheGreenspanator]

And in before 10 retards brag about "I never play the lotto" and "it's a tax on people who are bad at math"; I can afford the $5 I'm going to waste on tickets.

Well, someone has to win eventually- can't win if you don't play! Anytime we stop to get gas in a podunk town off I-81, we always buy lottery tickets because those always seem to be the places that sell winning tickets

[Der Schaltwerks]

I always get an EZ pick. I'm pretty sure that's why I never win.

[Mike!]

I do play the lottery... 5 person pool at work and the occasional ticket on my lonesome... but I don't get the whole "ooh, the jackpot's high, I'll buy now!" thing. If, say, twice as many people are buying tickets when the jackpot is high, you're at a higher chance of splitting that winning ticket with another. Further, even the minimum jackpots are so much money that it's no less worthwhile for the same (miniscule) odds of winning.

Am I missing something?

[FlashRedGLS1.8T]

Am I missing something?

No. Do you buy a pack of smokes with your ticket?

[dieselraver]

$2/ticket.....gotta go either 4 or 6

i just texted my wife to get some tickets and bring me a damn sammich!

[Mike!]

No. Do you buy a pack of smokes with your ticket?

Don't smoke.

[GtIVR6-RJ]

I play every once in a while just because "what if". even though Im a huge hypocrit and tell everyone its a tax on stupid people


If I do win though. House with a 15 mile long twisty driveway and F*ck a supercar, RWD Rear engined twin turbo vr6 golf.

[dieselraver]

I do play the lottery... 5 person pool at work and the occasional ticket on my lonesome... but I don't get the whole "ooh, the jackpot's high, I'll buy now!" thing. If, say, twice as many people are buying tickets when the jackpot is high, you're at a higher chance of splitting that winning ticket with another. Further, even the minimum jackpots are so much money that it's no less worthwhile for the same (miniscule) odds of winning.

Am I missing something?

yes. regardless of how many people buy the ticket, the odds of winning are so minute that its indifferent if an extra 1000000 people play.

Match Prize Odds +

Jackpot

1 in 175,223,510.00

$1,000,000

1 in 5,153,632.65

+

$10,000

1 in 648,975.96

$100

1 in 19,087.53

+

$100

1 in 12,244.83

$7

1 in 360.14

+

$7

1 in 706.43

+

$4

1 in 110.81

$4

1 in 55.41

The overall odds of winning a prize are 1 in 31.85.
The odds presented here are based on a $2 play (rounded to two decimal places).
Why isn't the chance of winning $4 at 1 in 35? Click here for FAQ.

[thegoose]

Yeah, I used to get a powerball ticket every time I filled up my tank. 2-3 times a month. Then they raised it to $2. I said to my self, F those guys I'm only playing if it's $200mil. Haha, that'll show them. I'm getting one on my way home.

[VegasJetta]

Me and a few friends play once a week for S&G, and we talk about all the crazy stuff we will do.
Buy a huge plot of land and build houses for all our close friends and family so nobody has to travel far to hang out.
Build an enormous garage, like 15 bays, 2 deep and high ceilings with lifts.
Build a huge warehouse to put all the cars in we are about to buy.
Buy stupid amounts of cars we have always wanted.
Build our own brewery on site.
Build a helicopter landing pad, but not have a helicopter because we would just get in trouble.

Travel the world. Buy houses all over.

Then of course order pizza and give the delivery guy a $100 bill and tell him to keep the change, every time.

[yellowbird]

stack---take the annuity. if you take the lump sum, youre leaving millions on the table.
310M over 30 years or 75M today?
anyone under the age of 70 should take the annuity. and yes, you can leave the rest of the payments to someone in a will in the event of your untimely death.

[Ninja Boot]

Annuity is for suckers. I'll take my $75 million in straight cash thank you...and I'll be the cause of my untimely death via hookers and blow and fast cars.

[92skirmishgti]

stack---take the annuity. if you take the lump sum, youre leaving millions on the table.
310M over 30 years or 75M today?
anyone under the age of 70 should take the annuity. and yes, you can leave the rest of the payments to someone in a will in the event of your untimely death.

I've thought about this long and hard. When I win the lottery my lifestyle will change and will probably die within a short period of winning, so I'm still get the cash in one lump sum.

[Fritz27]

I bought one last week (didn't win). I'll probably buy one for this weekend's drawing.

I was trying to think of the first thing I'd do with the money after I collected. I was torn between buying a house, going on vacation, or buying a car.

[Merc-MarkO]

Taxes on lottery winnings are a racket.

[Ninja Boot]

Taxes on lottery winnings are a racket.

I'm not sure I understand this. Yes, they are extreme. However, there are two options:

1. Play/Don't play and not win - Your monetary situation goes unchanged (I suppose the loss of the money spent on the ticket should be counted)
2. Play and win - Hell, even if taxes were 80%, I'd still be sitting $10-20+ million dollars prettier

I'll take the latter

[Robstr]

30 years for 310million.

That's over 10 million a year. Why the hell do you need a lump sum? Even after taxes, I can afford basically anything.

I'd buy...cars, a computer, some camera stuff, my parents morgage, sister's tuition. Certainly invest a cool million or so. Finish my degree.

[Mike!]

yes. regardless of how many people buy the ticket, the odds of winning are so minute that its indifferent if an extra 1000000 people play. [COLOR=Black]

Right, but I think the scale is much higher than that. Information is sparse, but I've seen "Sales for a Powerball drawing can vary from $16 million to $200 million." which would be 8m-100m tickets, and I saw a news report about a big jackpot win last year that claimed 2.3m winning tickets were sold overall that draw, which based on the 1:32 overall odds of winning would have meant 70-some million tickets sold.

Obviously the odds are miniscule regardless, but is your $2 not worth it if you could "only" win $40m? Even as a lump sum with tax all at once I could live off the base jackpot for the rest of my life.

[JettaGT8V80]

i need to win this

i guess ill go buy $20 worth at lunch today

anyone else who would just disappear for a few months if they won or am i alone in this (btw before i did this i would absolutely take care of a few choice people who have never let me down but the rest well they can go eff themselves)

and since i just paid off all my bills i would buy a nice house and a few cars

[Fritz27]

30 years for 310million.

That's over 10 million a year. Why the hell do you need a lump sum? Even after taxes, I can afford basically anything.

Taxes.

Also, if you get the lump sum you can invest the money as you see fit and it's guaranteed in your pocket. Further, you can put it in trust so nobody can touch it if you ever get sued.

[Ninja Boot]

30 years for 310million.

That's over 10 million a year. Why the hell do you need a lump sum? Even after taxes, I can afford basically anything.

You bring up a good point. Either way....

[Chris Stack]

30 years for 310million.

That's over 10 million a year. Why the hell do you need a lump sum? Even after taxes, I can afford basically anything.

I'd buy...cars, a computer, some camera stuff, my parents morgage, sister's tuition. Certainly invest a cool million or so. Finish my degree.

Because I don't trust the money will keep coming forever. And I'd want to give my family $1M each and couldn't do that if I was only getting a lousy $10M/yr. And really, who cares?

.00001% problems

[Internal Combustion]

It's going to be ~$310M. I figure divide that in half to get the immediate payout, and half again for taxes, we're looking at ~$75M. Nice little pay day. Wonder how long I'd have to wait for a 458 Spyder to come in?



And in before 10 retards brag about "I never play the lotto" and "it's a tax on people who are bad at math"; I can afford the $5 I'm going to waste on tickets.

I believe in you.

Since I believed in you will you buy me an iPad 3 when they come out?

[Turbio!]

If I win, I'm buying this place strictly so I can ban people.

[Sump]

Hasn't been over 300 in a while. Def. buying a few tickets. C'mon big money.

[Chris Stack]

I believe in you.

Since I believed in you will you buy me an iPad 3 when they come out?

In exchange for a ride in your Commentador, sure.

[Ninja Boot]

Are you legally required to give your name to anyone but powerball? Can you somehow claim anonymously?

I'm sure through word of mouth your name would get out to a degree, but I'd want to keep it on lock down as much as I can.

[leitmotif]

If I won, I would pay off student loans, pay off my house and then promptly destroy it and move out of this horrible state. Probably buy a Porsche or 7 somewhere in there then travel all over.