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    Thread: I'm buying a Powerball ticket today.

    1. Member Mike!'s Avatar
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      02-10-2012 11:48 AM #36
      Quote Originally Posted by Ninja Boot View Post
      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.
      I can't speak for Powerball, but usually the state/provincial level lottery corporations like to parade your photo around to show that real people can win.

    2. Banned Chris Stack's Avatar
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      02-10-2012 11:50 AM #37
      Quote Originally Posted by Ninja Boot View Post
      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.
      I don't care. I'd take care of my family, and my three buddies and I would put into action our plan to move to FL or Hawaiia and run a fishing/diving/booze cruise charter. And everyone else can go fck themselves. Except Internal combustion, who is getting an iPad 3.

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      02-10-2012 11:51 AM #38
      Quote Originally Posted by Ninja Boot View Post
      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.
      You can setup a trust and have lawyers claim it for you. Kind of like that already rich dude that happened to win on the east coast last year. The lottery wants to put a name/face to the winnings, but it's not required.

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      02-10-2012 11:51 AM #39
      Quote Originally Posted by Chris Stack View Post
      I don't care. I'd take care of my family, and my three buddies and I would put into action our plan to move to FL or Hawaiia and run a fishing/diving/booze cruise charter. And everyone else can go fck themselves. Except Internal combustion, who is getting an iPad 3.
      Can I ask for a pony?
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      Quote Originally Posted by Marshmallow Man View Post
      The Terror Grill: Part restaurant, part amusement attraction, part gladiator arena, all profit.
      ARE YOU NOT SATIATED?!?!?!

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      02-10-2012 11:53 AM #40
      Quote Originally Posted by Turbio! View Post
      Can I ask for a pony?
      I'll send you a MLP figureine if they go free shipping on Amazon Prime.

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      02-10-2012 11:54 AM #41
      I love the lottery. It's a great way for the state to recoup a lot of that welfare money from the deadbeats who play it.
      Sent from my Droid using an escape pod to Tattoine.


      Quote Originally Posted by mad8vskillz View Post
      they're trying to skip out on their contracts via rapture. not very christian of them

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      02-10-2012 11:55 AM #42
      Quote Originally Posted by Chris Stack View Post
      I'll send you a MLP figureine if they go free shipping on Amazon Prime.
      Sweeeeeet.
      IPRO Meat-Director and High Minister of Terror-Grilling

      Quote Originally Posted by Marshmallow Man View Post
      The Terror Grill: Part restaurant, part amusement attraction, part gladiator arena, all profit.
      ARE YOU NOT SATIATED?!?!?!

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      02-10-2012 12:24 PM #43
      A friend of mine gave me isht for playing the lotto recently when the jackpot was into the hundreds of millions. He said the typical "stupid person tax" etc.

      IT'S ONE DOLLAR. WHO CARES. If I buy a pack of gum, I don't run the chance of winning something.
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      Quote Originally Posted by SivNiz View Post
      Have you ever been to the Terror Grill? Would you like to go?

    9. Member abawp's Avatar
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      02-10-2012 12:31 PM #44
      Quote Originally Posted by Brendan@bwalkauto View Post
      A friend of mine gave me isht for playing the lotto recently when the jackpot was into the hundreds of millions. He said the typical "stupid person tax" etc.

      IT'S ONE DOLLAR. WHO CARES. If I buy a pack of gum, I don't run the chance of winning something.
      Precisely why I'll play from time to time whenever I have spare cash just laying around that's not of any really usable denominations. I'm willing to bet I have several powerball plays just sitting around in the penny jar at home. What else am I going to spend $5 or less on?
      Quote Originally Posted by Lwize View Post
      What, none of you watch reruns on TV?
      Quote Originally Posted by NPH View Post
      I don't know about you but, I get angry and shout "IB4TL" when one comes on.

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      02-10-2012 12:32 PM #45
      Quote Originally Posted by Brendan@bwalkauto View Post
      A friend of mine gave me isht for playing the lotto recently when the jackpot was into the hundreds of millions. He said the typical "stupid person tax" etc.

      IT'S ONE DOLLAR. WHO CARES. If I buy a pack of gum, I don't run the chance of winning something.
      Yeah, I got the same line from my cousin. I was like, "What the ****, you buy a tall latte six days a week. At least there's a potential for a return on my investment."
      IPRO Meat-Director and High Minister of Terror-Grilling

      Quote Originally Posted by Marshmallow Man View Post
      The Terror Grill: Part restaurant, part amusement attraction, part gladiator arena, all profit.
      ARE YOU NOT SATIATED?!?!?!

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      02-10-2012 12:36 PM #46
      Quote Originally Posted by abawp View Post
      Precisely why I'll play from time to time whenever I have spare cash just laying around that's not of any really usable denominations. I'm willing to bet I have several powerball plays just sitting around in the penny jar at home. What else am I going to spend $5 or less on?
      It's worth a few bucks for the daydreaming entertainment alone.

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      02-10-2012 12:38 PM #47
      Quote Originally Posted by Sump View Post
      It's worth a few bucks for the daydreaming entertainment alone.
      You got that right! Plus with today being Friday, I needed some day dream fuel!

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      02-10-2012 12:40 PM #48
      Quote Originally Posted by Chris Stack View Post
      In exchange for a ride in your Commentador, sure.
      About that, it's in the shop for a while. Maybe you could just tack on another when you're out iPad shopping. Theres a ton of Isdera dealerships popping up, as you well know.
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      02-10-2012 12:42 PM #49
      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.
      First- it's disingeniousness to compare "310M over 30 years" against "75M today" because that $75M has taxes deducted.

      Second- With inflation the payments you receive each year would be worth less and less.

      Third- Whose to say that 20 years from now you will still be receiving that annual payment?

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      02-10-2012 12:43 PM #50
      Quote Originally Posted by Sump View Post
      It's worth a few bucks for the daydreaming entertainment alone.
      Yup, when I cruise through Hemmings and Trade A Plane for old classic cars and Biz Jets, the only way I'll get what I want is the lotto, or my start up company getting more rounds of funding, and going IPO. Both have slim chances, but a man has to have some fuel to dream off of.
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      Quote Originally Posted by SivNiz View Post
      Have you ever been to the Terror Grill? Would you like to go?

    16. Banned Chris Stack's Avatar
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      02-10-2012 12:44 PM #51
      Quote Originally Posted by Hostile View Post
      First- it's disingeniousness to compare "310M over 30 years" against "75M today" because that $75M has taxes deducted.

      Second- With inflation the payments you receive each year would be worth less and less.

      Third- Whose to say that 20 years from now you will still be receiving that annual payment?
      Can we please all argue at length about the economics of how to collect a multi-million-dollar cash prize none of us is statistically going to win? Oh please oh please?

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      02-10-2012 12:45 PM #52
      Quote Originally Posted by Chris Stack View Post
      Can we please all argue at length about the economics of how to collect a multi-million-dollar cash prize none of us is statistically going to win? Oh please oh please?
      Hey, I'm with you. LUMP SUM ME!!!!!

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      02-10-2012 12:52 PM #53
      Quote Originally Posted by Sump View Post
      It's worth a few bucks for the daydreaming entertainment alone.
      Exactly. People blow more money than the cost of a lottery ticket on entertainment anyway, may as well fantasize on a several million % return on investment
      Quote Originally Posted by Lwize View Post
      What, none of you watch reruns on TV?
      Quote Originally Posted by NPH View Post
      I don't know about you but, I get angry and shout "IB4TL" when one comes on.

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      02-10-2012 12:56 PM #54
      Quote Originally Posted by Chris Stack View Post
      Can we please all argue at length about the economics of how to collect a multi-million-dollar cash prize none of us is statistically going to win? Oh please oh please?
      Yes god dammit!

      I'd personally take the lump, hire who ever handles my uncles money, and pay myself 1 million a year. If I can't live on that, well, I don't know what to say.
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      Quote Originally Posted by SivNiz View Post
      Have you ever been to the Terror Grill? Would you like to go?

    20. Banned Chris Stack's Avatar
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      02-10-2012 01:01 PM #55
      Quote Originally Posted by Brendan@bwalkauto View Post
      Yes god dammit!

      I'd personally take the lump, hire who ever handles my uncles money, and pay myself 1 million a year. If I can't live on that, well, I don't know what to say.
      Not me. I'm blowing probably $15M right away. $7M to family, $5M on my dream Maui beach house, and likely another $2M on an upgraded house around here and some sports cars and whatever my wife wants. Oh, and I'm taking a dump on my desk at work and walking out, but that's $free.99.

      The remaining $60M goes in the bank, and at, say, 3-4% interest, I make another ~$2M a year to live off.

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      02-10-2012 01:07 PM #56
      Quote Originally Posted by Chris Stack View Post
      Not me. I'm blowing probably $15M right away. $7M to family, $5M on my dream Maui beach house, and likely another $2M on an upgraded house around here and some sports cars and whatever my wife wants. Oh, and I'm taking a dump on my desk at work and walking out, but that's $free.99.

      The remaining $60M goes in the bank, and at, say, 3-4% interest, I make another ~$2M a year to live off.
      Yeah, I shouldn't have left my initial spending spree off there.

      Buy nice house local to me. Pay off the rest of my student loans, and give money to each of my parents. Order Ardent Red on Oyster Evora S with every option, buy a Cortina, and buy that low mile Dinan S3 E39 M5 that's been for sale for awhile. Send my E39 in for a fresh make over, and then slowly over the years find low mile M5's in each body style, and start a collection.

      Then buy a Pilatus PC-12 NG, go to Flight Safety for a ton of training, and get a bunch of my other pilot buddies training on it so we can so rip around the country.

      Once that is done, invest the money, pay myself $1 million a year, and anything else goes right back to grow the principal amount. Well, depending on how much I fly the PC-12, I might need $2 million a year.
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      Quote Originally Posted by SivNiz View Post
      Have you ever been to the Terror Grill? Would you like to go?

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      02-10-2012 01:19 PM #57
      I have no interest in buying or owning a plane, but I'm thinking a NetJets card might be a great investment. Definitely going to need a couple boats, though.

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      02-10-2012 01:19 PM #58
      This is now the how would you spend your lottery winnings thread

      I feel out of place in that while I know I would give money to friends and family, take care of people and that sort of thing, but I don't think I'd be buying $5m beach houses and real extreme luxuries. A new Porsche ordered to my tastes with factory delivery is a must. But beyond that I'm just not big on the thought of owning some kind of giant, resource-hungry 10,000sqft home that I'd need a housekeeper to stay on top of. I'd rather something a little more humble.

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      02-10-2012 01:21 PM #59
      Quote Originally Posted by Mike! View Post
      This is now the how would you spend your lottery winnings thread

      I feel out of place in that while I know I would give money to friends and family, take care of people and that sort of thing, but I don't think I'd be buying $5m beach houses and real extreme luxuries. A new Porsche ordered to my tastes with factory delivery is a must. But beyond that I'm just not big on the thought of owning some kind of giant, resource-hungry 10,000sqft home that I'd need a housekeeper to stay on top of. I'd rather something a little more humble.


      $5M on Maui doesn't buy a 10k sq ft mansion. The one I have picked out is like 2400 (inc. detached guest house) on like .22 acres.

      To get to 10k sq ft, you're either not on the water or you're paying $20M+.

      Besides, I have a house keeper (okay, a cleaning lady) and I'm just a lowly thousandaire; why would I fire her if I get rich??

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      02-10-2012 01:22 PM #60
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      02-10-2012 01:48 PM #61
      if you take the cash payout, you're paying income tax on the cash prize. as of right now, the after tax cash value is about $130M. once invested, you'll only pay 15% on any dividends you take, and even modestly invested, you have enough to live on. 130M invested in somthing that pays 5% returns nets you about the same as the annuity payment, but taxed lower.

      and if you can't live on 7M/year... you're DIW.

      not a bad idea, in my layman's figuring.


      a good chart to see what you'd take home, by state

      http://www.usamega.com/powerball-jackpot.asp


      oh, right... daydreaming


      um... new car, new house, another house, a boat, and little paper umbrellas in every drink!
      Last edited by sirswank; 02-10-2012 at 01:54 PM.

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      02-10-2012 01:53 PM #62
      Quote Originally Posted by Chris Stack View Post
      Not me. I'm blowing probably $15M right away. $7M to family, $5M on my dream Maui beach house, and likely another $2M on an upgraded house around here and some sports cars and whatever my wife wants. Oh, and I'm taking a dump on my desk at work and walking out, but that's $free.99.

      The remaining $60M goes in the bank, and at, say, 3-4% interest, I make another ~$2M a year to live off.
      I've thought something along these lines myself. I'll probably take a year or two hiatus from the working world to do everything I've ever wanted and if I decide that stable employment is good for my sanity I'll probably take some remedial part time minimum wage job to keep myself busy if I hadn't discovered some other business venture during my travels. I figure the low-wage job's high attrition rate can play to my advantage since I'd have the income to do whatever I want whenever I want without worrying about retirement plans or big corporate benefits that I would lose.
      Quote Originally Posted by Lwize View Post
      What, none of you watch reruns on TV?
      Quote Originally Posted by NPH View Post
      I don't know about you but, I get angry and shout "IB4TL" when one comes on.

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      02-10-2012 02:05 PM #63
      Quote Originally Posted by Chris Stack View Post
      Not me. I'm blowing probably $15M right away. $7M to family, $5M on my dream Maui beach house, and likely another $2M on an upgraded house around here and some sports cars and whatever my wife wants. Oh, and I'm taking a dump on my desk at work and walking out, but that's $free.99.

      The remaining $60M goes in the bank, and at, say, 3-4% interest, I make another ~$2M a year to live off.
      1) Sell current house at a loss just to get rid of it.
      2) Build new house up in Stowe, VT
      3) Buy a few cars- An SUV or two for VT winters, a convertible, big sedan
      4) Build a house for my parents.
      5) Build a house for my in-laws.

      Bank rest and live like a Russian mobster off of just the interest.

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      02-10-2012 02:06 PM #64
      Quote Originally Posted by Hostile View Post
      3) Buy a few cars- An SUV or two for VT winters, a convertible, big sedan

      Bank rest and live like a Russian mobster off of just the interest.
      So...every car gets reupholstered with whale pen0r leather?
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      Quote Originally Posted by Marshmallow Man View Post
      The Terror Grill: Part restaurant, part amusement attraction, part gladiator arena, all profit.
      ARE YOU NOT SATIATED?!?!?!

    30. 02-10-2012 02:11 PM #65
      I've always asked for lump sum payment. Reading what you guys wrote, you have a point about the annuity stuff but at the same time having 75mil lump sum, I'd probably blow 2-3 mil instantly, keep 2-3mil in my spend at will account, slap 5 in savings of some sort and invest the rest entirely to make even more money.
      Annuity would be cool because I could do a lot of that still but I'd be losing out on using the 60-70mil in investments, which could turn over A LOT more via lump sum if invested right.

      Oh, I'd finish paying off my dad's house even though he has few years left, buy my own pad (nothing crazy, anything good sized with driveway and multicar garage), bunch of cars and adult toys and take a long vacation traveling the world. I'd probably walk into the Porsche dealership the very next day but I wouldn't keep it at just the expensive toys. Would probably build a mk1, mk2, e30, amongst a ton of other older classics. I won't be that guy driving a 4 year old Lambo thinking I'm hot *ish. I'd drive a 79 mk1 rabbit gti, fully restored properly and modified while thinking I'm hot *ish

      I'd also build a massive house for my parents in the motherland of northern Portugal (they don't have a place there), and a few cars as well. Get my parents to stop working would be the 1st thing I'd take action on. I would hook up my closest family and friends as well. Oh and I'd contemplate starting my own business cuz let's be honest... being a lazy rich dude can get boring.
      Last edited by CuCo33; 02-10-2012 at 02:14 PM.

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      02-10-2012 02:12 PM #66
      Quote Originally Posted by Turbio! View Post
      So...every car gets reupholstered with whale pen0r leather?
      Yes, with chinchilla ball sack inserts.

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      02-10-2012 02:13 PM #67
      I wanna play!

      Disclaimer: I play ~$50 a year on lottery, I only play when the jackpots over $100 million usually. It's not worth it to win less to me.

      If I won:
      Order an R8 in Nagaro Blue
      S5 convertible for the g/f
      RS4 for me
      Jetta TDI for daily driver
      Chevy Dually
      30' 5th wheel enclosed car trailer
      Nice home ~$750,000
      Vacation home in Montana ~$500,000
      Design & build our dream home & garage <$1-$1.5mill
      $4mill to family & friends
      Racing enterprise: $1mill (spread over 5-10 years)
      Toys: $50,000-$75,000
      Technology: $50,000
      Home Theater: Whatever Osiris says.

      And i'm done for around $8mill. The rest is invested/banked.

      edit: I checked the above link... I'd be takin' home $145mill. Only $87.5mill to make up in 20 years.
      Last edited by GreenandChrome; 02-10-2012 at 02:17 PM.
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      02-10-2012 02:13 PM #68
      I rarely play unless there is hype like this over a large amount. If, and i mean if i win, i'll buy anyone who originally posted in this thread something cool. Maybe iPad cool, maybe not.
      Sent on a Post-It by way of carrier pigeon

    34. Banned Chris Stack's Avatar
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      02-10-2012 02:16 PM #69
      Quote Originally Posted by GreenandChrome View Post
      I wanna play!

      Disclaimer: I play ~$50 a year on lottery, I only play when the jackpots over $100 million usually. It's not worth it to win less to me.

      If I won:
      Order an R8 in Nagaro Blue
      S5 convertible for the g/f
      RS4 for me
      Jetta TDI for daily driver
      Chevy Dually
      30' 5th wheel enclosed car trailer
      Nice home ~$750,000
      Vacation home in Montana ~$500,000
      Design & build our dream home & garage <$1-$1.5mill
      $4mill to family & friends
      Racing enterprise: $1mill (spread over 5-10 years)
      Toys: $50,000-$75,000
      Technology: $50,000
      Home Theater: Whatever Osiris says.

      And i'm done for around $8mill. The rest is invested/banked.
      You're going to have $67M in the bank and DD a sh~tty VW Jetta? How quaint.

    35. 02-10-2012 02:17 PM #70
      Almost forgot to say. Now that it's $2 a line, the jackpots are going to get even bigger now. If we think $310mil is huge now, wait until no one's won for a loooooong time. Last I remember, Powerball at $1/line got up to $240mil.

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