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For Mega Millions winner, the moon's the limit

Topic closed. 43 replies. Last post 11 years ago by CASH Only.

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mken32's avatar - Lottery-062.jpg
I dont know where
United States
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June 18, 2003
103 Posts
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Posted: September 16, 2005, 2:14 pm - IP Logged

Disney HERE I COME

    mken32's avatar - Lottery-062.jpg
    I dont know where
    United States
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    June 18, 2003
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    Posted: September 16, 2005, 2:16 pm - IP Logged

    Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

    What is the MPG? 2 miles


      United States
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      Posted: September 16, 2005, 2:20 pm - IP Logged

      What happened to the guy who wanted to rebuild Detroit? Maybe even he knows it's the Big Easy (why does NO have that nickname?) that needs it the most.

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        Sparta, NJ
        United States
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        July 9, 2005
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        Posted: September 16, 2005, 3:44 pm - IP Logged

        Does that Bugatti Veyron 16.4 come with a chauffer? :)

        I don't even plan on personannly driving to 7-11 for a Slurpie in the future.

         

        Cheers

        |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

        I only trust myself - and that's a questionable choice

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          Wisconsin
          United States
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          June 3, 2003
          668 Posts
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          Posted: September 16, 2005, 3:47 pm - IP Logged

          Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

          What is the MPG? 2 miles

          ..wonder what they'd charge for a tune-up on that one? EekEek

          ... the lottery never fails to surprise!
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            Greenwich, CT
            United States
            Member #4793
            May 24, 2004
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            Posted: September 16, 2005, 3:48 pm - IP Logged

            Haha, 0-60 in 2.9 seconds?  I'd drive that car whenever I could!! 

            MPG figures are not available...but I couldn't imagine it'd be much better than 2 mpg, lol.

            The newest pricing is around $1.45 million, so I'd have to put down a few more pennies.

              weshar75's avatar - Lottery-042.jpg
              Mcminnville, Oregon
              United States
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              December 13, 2003
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              Posted: September 16, 2005, 4:24 pm - IP Logged

              If you won tonight you could afford the million dollar car and a million dollar home a couple of times over.  It would be definitely sweet!

                mken32's avatar - Lottery-062.jpg
                I dont know where
                United States
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                June 18, 2003
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                Posted: September 16, 2005, 5:25 pm - IP Logged
                Bang Head

                Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

                What is the MPG? 2 miles

                ..wonder what they'd charge for a tune-up on that one? EekEek

                Probably have send it back where you bought from, Germany to change the spark plugs....

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                  Coastal Georgia
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                  October 30, 2003
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                  Posted: September 16, 2005, 5:31 pm - IP Logged

                  Or- you could always get a few acres and put a double wide on it.

                  I remember that's what the first GA Lotto winner said at his press conference back in 1993 when he won a few million. He said he was "goin' to Alabama to look for a few acres and slap a doublewide on it".

                   

                  Yee haw !!

                  DD

                   

                                                 

                                

                   

                   

                    MichiganHopeful's avatar - WINGS

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                    August 8, 2002
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                    Posted: September 16, 2005, 5:47 pm - IP Logged

                    Don't worry, I'll be sure to give a shout out to Lottery Post at the Press conference!! Sun Smiley

                    Party

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                      New Mexico
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                      March 10, 2005
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                      Posted: September 16, 2005, 5:54 pm - IP Logged

                      Or- you could always get a few acres and put a double wide on it.

                      I remember that's what the first GA Lotto winner said at his press conference back in 1993 when he won a few million. He said he was "goin' to Alabama to look for a few acres and slap a doublewide on it".

                       

                      Yee haw !!

                      DD

                      A fancy two-storey mobile home, bass boat in the carport, three junk cars and a brand new hummer would just about cure all ills for anyone.  Anything beyond that and a person would begin to put on airs.

                      Jack

                      Absorb the good, ignore the bad, weigh the ugly.

                      It's about number behavior.

                      Egos don't count.

                       

                      Dedicated to the memory of Big Loooser

                       

                        rabbitfoot's avatar - 8ball

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                        August 25, 2002
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                        Posted: September 16, 2005, 7:56 pm - IP Logged

                        I don't know who did the math for the article, but in Illinois I figure the cash jackpot at 51% or $127,000,000. Then when I subtract out federal (35%) and state taxes (3%) or a total of 38%, I end up with $79,050,000 in hand.  That won't buy 120 million liters of Coke at a local grocer here.

                        I don't know where you got that figure from , but it's wrong.  Check USA Mega for the correct figure.

                        I checked the Official Mega Million website and it states (copied & pasted below), "Approximately 50% of every dollar wagered goes back to the players as prizes. Well that 50% figure is actually closer to 51%.  As a player, I would get 51% of a stated jackpot- the figure I used above.  At your site, you used the deflated 25% tax figure that states are required to withhold.  However, in the multi-million dollar range, one is in the maximum tax bracket which is 38%, therefore, one is going to have to pony up another 13% of their winnings over your 25% deduction. Actually, 51% of $250-million is $127,500,000 but my final amount of $79,050,000 is valid.
                        Sorry but Mega USA figures are not correct.  I stand by my figures.

                        I play to dream and dream of winning a major jackpot!

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                          Greenwich, CT
                          United States
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                          May 24, 2004
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                          Posted: September 16, 2005, 7:59 pm - IP Logged

                          Total prize payout percentage is completely different than annuity-value.

                            twisted's avatar - underground
                            New Jersey
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                            September 25, 2003
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                            Posted: September 16, 2005, 9:42 pm - IP Logged
                                       
                                       
                                       

                            I don't know who did the math for the article, but in Illinois I figure the cash jackpot at 51% or $127,000,000. Then when I subtract out federal (35%) and state taxes (3%) or a total of 38%, I end up with $79,050,000 in hand. That won't buy 120 million liters of Coke at a local grocer here.

                            I don't know where you got that figure from , but it's wrong. Check USA Mega for the correct figure.

                            I checked the Official Mega Million website and it states (copied & pasted below), "Approximately 50% of every dollar wagered goes back to the players as prizes. Well that 50% figure is actually closer to 51%. As a player, I would get 51% of a stated jackpot- the figure I used above. At your site, you used the deflated 25% tax figure that states are required to withhold. However, in the multi-million dollar range, one is in the maximum tax bracket which is 38%, therefore, one is going to have to pony up another 13% of their winnings over your 25% deduction. Actually, 51% of $250-million is $127,500,000 but my final amount of $79,050,000 is valid.
                            Sorry but Mega USA figures are not correct. I stand by my figures.

                            You are completely off. When they say approx. 50% of every dollar wagered goes back to the players, they are talking about the amount of money (from the total sales) they assign to pay all the different prize levels including the jackpot. Only 31.8% of every sales dollar is assigned for the jackpot.

                            As far as the cash value goes, if the jackpot is $250 million like it is tonight the cash value is around $153 million (around 61% of annuity) not 51% of $250 million. (www.ohiolottery.com)

                            Also, the maximum tax bracket right now is 35% NOT 38% (http://taxes.yahoo.com/rates.html). You would also be liable for any state tax on the jackpot.

                            If you would have taken the time to read the "Important Notes" on the jackpot analysis page at USA Mega you would have see that USA Mega is correct.

                              wreakshavok777's avatar - enzyte thumb.jpg
                              oklahoma
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                              March 10, 2005
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                              Posted: September 16, 2005, 9:49 pm - IP Logged

                              well If I win Tonight I would Hire Micheal Mcdonald And madtv cast To Say " Oh yeah well look what I can do!!" Then Buy 10,000 acre ranch somewhere and disappear!

                               Winner Winner Chicken Dinner!!