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Would You Sell Your Winning Powerball Ticket

Topic closed. 14 replies. Last post 2 years ago by KY Floyd.

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TooTallLuke's avatar - img 8jc7G2.jpg
Ontario
Canada
Member #137291
December 31, 2012
86 Posts
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Posted: March 15, 2013, 7:55 am - IP Logged

For those of you who would take the cash option

Say your ticket won a big Powerball jackpot of $216,000,000 this Saturday. The cash option is $132,800,000. I'll subtract a tax amount of 30% ($39,840,000) which would leave a final cash value of $92,960,000

If somone offered you $85,000,000 (cash up front). To save yourself from all the idiots, BS, and publicity that comes along with win such a large amount of money. Would you sell your ticket?


    United States
    Member #111446
    May 25, 2011
    6323 Posts
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    Posted: March 15, 2013, 8:07 am - IP Logged

    Good question. Nope. I'm very greedy.  Big Grin

      sully16's avatar - sharan
      Listens to the wind
      Michigan
      United States
      Member #81740
      October 28, 2009
      20352 Posts
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      Posted: March 15, 2013, 8:19 am - IP Logged

      No, I am not worried.

      There's only one US Flag

        savagegoose's avatar - ProfilePho
        adelaide sa
        Australia
        Member #37136
        April 11, 2006
        2812 Posts
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        Posted: March 15, 2013, 8:35 am - IP Logged

        i mite before taxes, say for $120 mill, if it ws anonymous, and say in gold silver and platinum   1 oz  bars and coins.

        2014 winnings

        JAN S 119/ W71;  FEB S90 /W 13 ; MAR S93/ W75;  APR S146/ W50 ; MAY S94/ W32 : JUN S98 /W 13 JUL S110 /W21; AUG S185 / W56 SEP S 140/W 13 ; OCT S 130 / W 66

        S $1292W $450Tot -$840

         

          whiteballz's avatar - Lottery-015.jpg
          Nutley, New Jersey
          United States
          Member #131063
          August 1, 2012
          801 Posts
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          Posted: March 15, 2013, 8:45 am - IP Logged

          For those of you who would take the cash option

          Say your ticket won a big Powerball jackpot of $216,000,000 this Saturday. The cash option is $132,800,000. I'll subtract a tax amount of 30% ($39,840,000) which would leave a final cash value of $92,960,000

          If somone offered you $85,000,000 (cash up front). To save yourself from all the idiots, BS, and publicity that comes along with win such a large amount of money. Would you sell your ticket?

          only 30% tax? I would accept the terms of your deal because a 30% tax rate is too good to pass up. The marginal tax rate for income over 400k for a single filer is 39.6% add another 3.8% for obamacare tax and then another 5 to 10% tax depending on the state you live. A 30% tax rate would be an amazing tax cut. I would sign up for this deal in a heart beat just for the tax savings alone.

          .

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            18029 Posts
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            Posted: March 15, 2013, 9:32 am - IP Logged

            If I didn't think I could handle winning the jackpot, I wouldn't buy any tickets.   As a matter of fact I'm having second thoughts about even buying tickets for Saturday's PB drawing because of that.

            * you don't need more tickets, just the right ticket * 
            * your best chance at winning a lottery jackpot is to buy a ticket * 
                 Wink 

              CajunWin4's avatar - Lottery-010.jpg
              Atchafalaya Basin
              United States
              Member #90218
              April 24, 2010
              10703 Posts
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              Posted: March 15, 2013, 9:34 am - IP Logged

              No , Never !!!!

                Avatar
                Brownwood, Tx
                United States
                Member #131155
                August 3, 2012
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                Posted: March 15, 2013, 9:42 am - IP Logged

                If I EVER win that big, I have already made arrangements with a friend of mine to claim it and we split it down the middle and the taxes too. I would not want the hassle of all the long lost relatives coming out of the wood and enemies becomes friends all of a sudden. I do not want the worries about if some fool wants to kidnap my grandbabies for a ransom and so forth. I might pay them to take my kids thou.....LOL... just joking about that..LOL

                  dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                  Oklahoma
                  United States
                  Member #82391
                  November 12, 2009
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                  Posted: March 15, 2013, 10:56 am - IP Logged

                  Nope not at all.

                  I Love Pink & Green 1908

                    maringoman's avatar - kobold
                    Massachusetts
                    United States
                    Member #37433
                    April 14, 2006
                    2165 Posts
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                    Posted: March 15, 2013, 2:16 pm - IP Logged

                    Like whiteballz said, 30% tax on that kind of bread is a deal to die for. I would sign up within two minutes of the offer. You snooze you lose.

                    It's a futile effort.

                      helpmewin's avatar - dandy
                      u$a
                      United States
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                      February 22, 2011
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                      Posted: March 15, 2013, 2:26 pm - IP Logged

                      maybe i would if you can put the money on a gift Card

                                       

                        maringoman's avatar - kobold
                        Massachusetts
                        United States
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                        April 14, 2006
                        2165 Posts
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                        Posted: March 15, 2013, 2:29 pm - IP Logged

                        maybe i would if you can put the money on a gift Card

                        lol a giftcard usually has no name of owner, if you lose it you would lose your mind

                        It's a futile effort.

                          PipSqueek's avatar - cryscrys albums-heyhey-pig-gifs-p1-picture2113-flying-pig.gif
                          Ohio
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                          March 15, 2013
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                          Posted: March 15, 2013, 3:31 pm - IP Logged

                          I think I would be tempted to do this if you could trust the other person.

                          Question??? Where would they get the money tobuy your ticket.

                          It seems they would hve to cash it in first and then give you your share.

                          That's a lot of pressure to be under.

                          Farthest out Pick 3 : 149, 159, 079

                          Farthest out Pick 4: 1278, 2589, 1459

                            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                            Bay Area/ California
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                            December 12, 2012
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                            Posted: March 15, 2013, 4:12 pm - IP Logged

                            For those of you who would take the cash option

                            Say your ticket won a big Powerball jackpot of $216,000,000 this Saturday. The cash option is $132,800,000. I'll subtract a tax amount of 30% ($39,840,000) which would leave a final cash value of $92,960,000

                            If somone offered you $85,000,000 (cash up front). To save yourself from all the idiots, BS, and publicity that comes along with win such a large amount of money. Would you sell your ticket?

                            Good question, l would have given $7 mil to my idiot cousin to let him go away...but on 2nd thoughts. No.

                              Avatar
                              NY
                              United States
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                              October 16, 2005
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                              Posted: March 16, 2013, 6:29 pm - IP Logged

                              At least two of you would be very disappointed when you found out how much tax you had to pay on the $85 million you got for selling the ticket.