$81,315,000 after 35% Federal Confiscatory Tax!

Woo Hoo ............... Green With Money On Saturday!

 and live from the peanut gallery theater

Keep on a rollin PB........KEEP ON A ROLLIN!!!   

Will someone from LP become the first $2 million winner this Saturday? Only if your willing to play $3/tic.

Still not sure about the $2 a play, but $200,000,000 seems like it might be worth it . . .

So many people forget or don't know bout that extra 10% owed (25% withheld +10% at end of year).  I knew of someone who won $300,000 on a scratch off, gave his kids part of it but forgot/didn't realize his city wanted their cut too....ouch!!!!

not on your life .......

Tickets are already too bleepin expensive

Once you win....and are walking out the lottery office with your warm and freshly printed check, to your awaiting limo and champagne........It'll be worth the extra $1.     

Here is Pennsylvania, there are no State or Local taxes on Lottery Winnings .......... just the Federal Confiscation

Just waiting for that wire transfer from Middletown Pennsylvania ................

Not everyone can afford to play the big lotteries........ or were meant to.   

Guess one thing you could do is take that extra 10% (beyond the mandatory 25% federal tax initially taken) put it in a CD for 6 months or a year (if time permits). At least you get some interest income before Uncle Sam takes his cut(again).....Check to the IRS to be mailed on April 15th of the following year, of course.

Well DP, I think I could live with 4% interest on 81 & change(3.2 million a year).....Actually I think I could give away 90% of the 81 million(leaving me with 8 million), spend a million on the house and toys etc etc and still live quite nicely on 4% interest off of the remaining 7 million.(roughly $280,000/yr  in interest income )....Okay, you talked me into it. I am going to buy a couple of tickets and win!   Wooo Hoooo 

Where are you getting 4% interest these days ?   

That would be chatting with a close friend and  former coworker now trustfund recipeint getting between 4-5 %  annually..I did see 8 out of 12  monthly checks he got this past year from the fund of 5 million.... have to ask the broker on that one

Let me see here...$2 in my pocket or potential $80,000,000 (I only deal in cash value figure not annuitized jackpot amount since hardly anyone takes that option)????  Hmmmm, $2 or $80 mil???? Wow that is a hard call for me to make.  Two bucks can't even buy a Happy Meal or even a gallon of gas!  But you could rent a Redbox movie, get a pck of Wrigleys chewing gum, a bottle of overpriced water, or one Chapstick.  $80 million can buy most anything you like.  $2 lasts not so long in most people's pockets/wallets/purses.  $80 million can go along way and could last the shrewd, ready to be a millionaire in mindset person a lifetime or even for several generations. Of course, the person comfortable scrapping by but just hoping to win a big jackpot could blow through that money in less than 5 years.  But it is the ride that counts and I don't think you will find many former broke lottery jackpot winners really, really sorry that they actually were lucky enough to win.  Money doesn't cause problems.  People's attitudes about it is what causes problems.  Just ask P BHO....he likes a lot of money, as long as it is coming from someone else's pockets!

I maintain a play in every drawing (thank you Illinois Lottery Subscription!!!) and I will go purchase some additional tickets because Illinois (at least as of last week) is running a special where if you purchase two plays on the same ticket, you get a free Little Lotto ticket (and that jackpot for today is $1,050,000...can you say WIN-WIN situation?!!!).  So just visualizing the numbers that will roll this weekend so I can go make my play of 1 own pick and 1 QP.