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    Thread: I'm buying a Powerball ticket today.

    1. Banned Chris Stack's Avatar
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      02-10-2012 09:46 AM #1
      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.

    2. Geriatric Member ATL_Av8r's Avatar
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      02-10-2012 09:47 AM #2
      $2/ticket.....gotta go either 4 or 6
      MemeGate 2012 - First Responder, post #2

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    3. Banned nokturnal's Avatar
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      02-10-2012 09:48 AM #3
      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.

    4. Member
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      02-10-2012 09:50 AM #4
      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

    5. Banned Der Schaltwerks's Avatar
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      02-10-2012 09:50 AM #5
      I buy a ticket a few times per year.

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

    6. Member Tornado2dr's Avatar
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      02-10-2012 09:52 AM #6
      Quote Originally Posted by Chris Stack View Post
      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 ****.

    7. Senior Member FlashRedGLS1.8T's Avatar
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      02-10-2012 09:54 AM #7
      I play it with a group of people here at work.

      Bring it on! $&&&

    8. Banned TheGreenspanator's Avatar
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      02-10-2012 09:59 AM #8
      Quote Originally Posted by Chris Stack View Post
      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

    9. Banned Der Schaltwerks's Avatar
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      02-10-2012 10:03 AM #9
      I always get an EZ pick. I'm pretty sure that's why I never win.

    10. Member Mike!'s Avatar
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      02-10-2012 10:17 AM #10
      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?

    11. Senior Member FlashRedGLS1.8T's Avatar
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      02-10-2012 10:20 AM #11
      Quote Originally Posted by Mike! View Post
      Am I missing something?
      No. Do you buy a pack of smokes with your ticket?

    12. Member dieselraver's Avatar
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      02-10-2012 10:22 AM #12
      Quote Originally Posted by ATL_Av8r View Post
      $2/ticket.....gotta go either 4 or 6




      i just texted my wife to get some tickets and bring me a damn sammich!
      Looking for a new or used Volkswagen in NY/NJ/CT? PM me! I offer bottom line pricing! GTI Monster Mats & Gorilla Liner for Sale! http://forums.vwvortex.com/showthrea...la-Trunk-Liner

    13. Member Mike!'s Avatar
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      02-10-2012 10:30 AM #13
      Quote Originally Posted by FlashRedGLS1.8T View Post
      No. Do you buy a pack of smokes with your ticket?
      Don't smoke.

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      02-10-2012 10:31 AM #14
      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.
      wibbly wobbly... time-y wimey... stuff.

      It's no fun riding lightning bolts without war drums!

    15. Member dieselraver's Avatar
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      02-10-2012 10:33 AM #15
      Quote Originally Posted by Mike! View Post
      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.
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    16. Member thegoose's Avatar
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      02-10-2012 10:37 AM #16
      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.

    17. Geriatric Member VegasJetta's Avatar
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      02-10-2012 10:42 AM #17
      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.
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      Here's a fun fact: if someone is hitting you with a metal pipe, stay down.

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      02-10-2012 10:49 AM #18
      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.
      Who is that lavatory linksman?

    19. Member Ninja Boot's Avatar
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      02-10-2012 10:54 AM #19
      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.

    20. Member 92skirmishgti's Avatar
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      02-10-2012 10:54 AM #20
      Quote Originally Posted by yellowbird View Post
      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.

    21. Banned Fritz27's Avatar
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      02-10-2012 10:59 AM #21
      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.

    22. Member Merc-MarkO's Avatar
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      02-10-2012 11:02 AM #22
      Taxes on lottery winnings are a racket.
      Where is Kyron ??? http://www.bringkyronhome.org/
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    23. Member Ninja Boot's Avatar
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      02-10-2012 11:05 AM #23
      Quote Originally Posted by Merc-MarkO View Post
      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

    24. Member Robstr's Avatar
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      02-10-2012 11:08 AM #24
      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.
      Last edited by Robstr; 02-10-2012 at 11:11 AM.
      All opinions are not equal. Some are a very great deal more robust, sophisticated and well supported in logic and argument than others.

    25. Member Mike!'s Avatar
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      02-10-2012 11:08 AM #25
      Quote Originally Posted by dieselraver View Post



      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.

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