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$200 MILLION: New Powerball delivers huge lottery jackpot

Topic closed. 111 replies. Last post 5 years ago by KY Floyd.

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savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
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Posted: February 4, 2012, 6:18 pm - IP Logged

actually this 2012 chrysler 300c  srtr seems pretty nice. i know 100's of mill make me go looking at expensive price tags butthis has a price taG PROMISSING CHANGE FROM $50K, and adaptive suspension. and all wheel drive option!

i could actually see myself as happy in this as a bentley, infact more happy as i get cheaper running costs/ insurance.

 

2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

    dpoly1's avatar - driver
    PA
    United States
    Member #66141
    October 16, 2008
    1672 Posts
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    Posted: February 4, 2012, 7:43 pm - IP Logged

    actually this 2012 chrysler 300c  srtr seems pretty nice. i know 100's of mill make me go looking at expensive price tags butthis has a price taG PROMISSING CHANGE FROM $50K, and adaptive suspension. and all wheel drive option!

    i could actually see myself as happy in this as a bentley, infact more happy as i get cheaper running costs/ insurance.

     

    Big yawn!
    Made by union thugs!
    $81,000,000 will purchase better. I get a Porsche for everyday car. Save the Bentley for special occasions!

      hearsetrax's avatar - 0118

      United States
      Member #52345
      May 21, 2007
      2659 Posts
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      Posted: February 4, 2012, 8:31 pm - IP Logged

      personally .... I think thar both wastes of money .....

      but if U get that lucky its yer funeral with ethier one

       

      if yer gonna waste the $$$

      get something of actual value :

      http://bringatrailer.com/2012/02/03/bat-exclusive-ex-government-1992-ford-f350-4x4/

        Avatar
        Ga
        United States
        Member #120454
        December 20, 2011
        141 Posts
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        Posted: February 4, 2012, 9:33 pm - IP Logged

        Yeah its a high risk investment but $2 for  million plus ...good return. I'm still gonna wait till tuesday till i play if noone wins tonight. Job free life sounds real nice .

          Kumo's avatar - ebDWVf6 jpg?1

          United States
          Member #122235
          January 27, 2012
          172 Posts
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          Posted: February 4, 2012, 9:35 pm - IP Logged

          You also have a million dollar life time exemption, being married also changes things some. The idea of getting millions away in just a short amount of time... Yeah, bad idea. Even worse if you're giving it to family since that's a train wreck waiting to happen.

          As for your list, if you can stick to that more power to you but I have a feeling things wouldn't work out the way you envision/plan from the list. It's nice to pretend to have things figured out, but none of us know exactly what we would do if it were to actually happen.

          Very good points. I can totally agree for anyone on the outside looking in, it is extremely difficult if not impossible to accurately anticipate the level of excitement it will bring. Kind of like for anyone throwing a live grenade for the first time in BCT, you do not really get the true meaning that you are one mistake away from death until you have the weapon in your own hands. The adrenaline rush and fear were definitely far beyond anything that I had imagined.

          Seems like it might be best for anyone using a similar plan, to just store the ticket in a safe location and sit on it for a little while before contacting legal and financial professionals. Say two weeks or more to let your own excitement level die down.

          I've wrestled with the idea of giving money to relatives for a while now, I've narrowed it down to our elder generation in the family. Most of these folks are quickly approaching retirement age and are very well grounded in reality. I'd love to see them benefit from their own capital gains, so anything that I give to them would have to be placed in a trust with the money spread across a diverse portfolio. However it may take a year or more before I would attempt to do this. I'll definitely need that time to develop the business I mentioned earlier. Even though I would give them this money, I do not want them knowing that it partially came from a lottery win.

          I would want to save my lifetime gift/estate tax exemption for my children when I pass away. So I would definitely have to account for an additional $1.75 Million if I were to give my 5 elder relatives $1 Million each. Taking a very conservative 3% interest rate with no other souce of income on the $81 Million CVO, it would take at least 4 years to make back the $6.75 Million, however this does not account for inflation during that time. $81 Million for certainty will not be worth as much in 2016 as it is today. I really think it would be a sacrifice that I would be willing to make, but I would most definitely consult the financial team before making any final decision.

          No way in hades would I give any to my 1st cousins and siblings. Although several of them currently have very successful careers and are doing quite well for their families, one of my other cousins is buried in over 100k worth of debt and one of my Wife's siblings would quickly squander the money on useless things, then come begging for more. I won't hand those two their own noose. I reckon if word got out from my elders that I gave them money, I would probably be called a miser among other things by the family members in my generation. Perhaps again one way to remedy this would be for my elders to sign a written agreement to not reveal the additional income or the source of the funds. I know them well enough to know that they believe that there are certain things you just don't tell the kids.

          I would continue to be very strict with anything given to my own children and there will be no allowance. They will need to learn the value of working hard for their own money before my Wife and I assist with college tuition or in helping them to buy a used car. If they begin failing classes or lose their job and are unable to pay for their own insurance, gas and upkeep on a $8,000 hoopty, I'll personally repo it and give them a bicycle for their transportation until they prove to me that they can be more responsible. Spoiled children will never fully develop into level headed adults as those that are shown a little bit of tough love.

          I remember reading an article recently where Warren Buffett said the vast majority of his wealth would go into the Bill & Melinda Gates Foundataion when he passes away. He noted that his children would recieve some money, but that it would not be enough for them to just lay about and do nothing, smart guy. I'd do much the same for my own children but with the majority of the money going into a Dynasty Trust for the Grandchildren and Great-Grandchildren.

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            Elgin, IL
            United States
            Member #93542
            July 2, 2010
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            Posted: February 4, 2012, 10:21 pm - IP Logged

            Illinois keeps claiming since the change, Illinois will have more winners. We'll see. Let it be my lucky night tonight. I'm sure it won't be, but one can dream.

              Kumo's avatar - ebDWVf6 jpg?1

              United States
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              January 27, 2012
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              Posted: February 4, 2012, 10:41 pm - IP Logged

              Awesome ideas GTR!

              I think with any business I would start, it would definitely offer higher pay and more benefits to employees than most modern businesses. Higher wages to the employee's would definitely benefit the local economy and hopefully would convince others to do the same. My goal would be for employees to not have to worry about money but gain enjoyment from providing a quality product and have fun on the job. After operating and advertising costs are taken care of, with maybe a little set aside for future expansion into other local markets, as an owner I would not really need the income and would probably set it at the same level that I would pay any manager.

                Kumo's avatar - ebDWVf6 jpg?1

                United States
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                January 27, 2012
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                Posted: February 5, 2012, 12:21 am - IP Logged

                No luck this time, see you folks on Wednesday's $156 Million CVO

                Have a good weekend :)

                  justxploring's avatar - villiarna
                  Wandering Aimlessly
                  United States
                  Member #25360
                  November 5, 2005
                  4461 Posts
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                  Posted: February 5, 2012, 1:15 am - IP Logged

                  Will someone please explain this to me?  Yes, I know what pari-mutuel means.  However, if I pay $3 for a ticket and win $2 million bucks, that's what I explect to get (minus Federal Income tax, of course)   I assume they're just being extra careful in case, by some stretch of the imagination, too many people win non-jackpot prizes, but this statement caught my eye. 

                  From the Florida State Lottery:

                   

                  "The jackpot prize will be shared among jackpot winners in all Powerball States.   All non-jackpot prizes are

                  set payouts.   If funds are insufficient to pay set prizes, non jackpot prizes may be paid on a pari-mutuel basis

                  and could be lower than the amount shown."


                  By the way, someone in Florida did hit the $2 million prize on Saturday! 

                    RJOh's avatar - chipmunk
                    mid-Ohio
                    United States
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                    March 24, 2001
                    19830 Posts
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                    Posted: February 5, 2012, 1:27 am - IP Logged

                    Will someone please explain this to me?  Yes, I know what pari-mutuel means.  However, if I pay $3 for a ticket and win $2 million bucks, that's what I explect to get (minus Federal Income tax, of course)   I assume they're just being extra careful in case, by some stretch of the imagination, too many people win non-jackpot prizes, but this statement caught my eye. 

                    From the Florida State Lottery:

                     

                    "The jackpot prize will be shared among jackpot winners in all Powerball States.   All non-jackpot prizes are

                    set payouts.   If funds are insufficient to pay set prizes, non jackpot prizes may be paid on a pari-mutuel basis

                    and could be lower than the amount shown."


                    By the way, someone in Florida did hit the $2 million prize on Saturday! 

                    If funds are insufficient to pay set prizes, non jackpot prizes may be paid on a pari-mutuel basis

                    If you look hard enough, you'll find a similar statement some where on every state website.  It just under normal circumstances, it will never come up but it's there in case they ever need it.

                     * you don't need to buy more tickets, just buy a winning ticket * 
                       
                                 Evil Looking       

                      justxploring's avatar - villiarna
                      Wandering Aimlessly
                      United States
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                      November 5, 2005
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                      Posted: February 5, 2012, 1:34 am - IP Logged

                      If funds are insufficient to pay set prizes, non jackpot prizes may be paid on a pari-mutuel basis

                      If you look hard enough, you'll find a similar statement some where on every state website.  It just under normal circumstances, it will never come up but it's there in case they ever need it.

                      Hello to an old friend! 

                      I think $3 is an awful lot to spend for one ticket, although I'm sure the winner who got the 5 numbers tonight is happy he/she spent it.

                        RJOh's avatar - chipmunk
                        mid-Ohio
                        United States
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                        19830 Posts
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                        Posted: February 5, 2012, 1:46 am - IP Logged

                        Hello to an old friend! 

                        I think $3 is an awful lot to spend for one ticket, although I'm sure the winner who got the 5 numbers tonight is happy he/she spent it.

                        It has been a while.

                        I think anybody winning that must wouldn't have any regrets about any amount they spent.  I haven't bought a ticket since the price change but it's getting near the point where I might buy a couple.

                         * you don't need to buy more tickets, just buy a winning ticket * 
                           
                                     Evil Looking       

                          Avatar
                          NY
                          United States
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                          October 16, 2005
                          3474 Posts
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                          Posted: February 5, 2012, 1:52 am - IP Logged

                          Will someone please explain this to me?  Yes, I know what pari-mutuel means.  However, if I pay $3 for a ticket and win $2 million bucks, that's what I explect to get (minus Federal Income tax, of course)   I assume they're just being extra careful in case, by some stretch of the imagination, too many people win non-jackpot prizes, but this statement caught my eye. 

                          From the Florida State Lottery:

                           

                          "The jackpot prize will be shared among jackpot winners in all Powerball States.   All non-jackpot prizes are

                          set payouts.   If funds are insufficient to pay set prizes, non jackpot prizes may be paid on a pari-mutuel basis

                          and could be lower than the amount shown."


                          By the way, someone in Florida did hit the $2 million prize on Saturday! 

                          You've been gone a while.  Did you drive to Mars and back or something?

                          As RJ said, all states have that disclaimer somewhere in their rules just in case. Powerball considered taking advantage of it when 110 people hit 5+0 on the fortune cookie numbers back in 2005, but decided they could take the loss, paying out $19.4 million.

                            justxploring's avatar - villiarna
                            Wandering Aimlessly
                            United States
                            Member #25360
                            November 5, 2005
                            4461 Posts
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                            Posted: February 5, 2012, 1:54 am - IP Logged

                            You've been gone a while.  Did you drive to Mars and back or something?

                            As RJ said, all states have that disclaimer somewhere in their rules just in case. Powerball considered taking advantage of it when 110 people hit 5+0 on the fortune cookie numbers back in 2005, but decided they could take the loss, paying out $19.4 million.

                            RE:  Trip to Mars

                             

                            Who said I came back?

                              OldSchoolPa's avatar - Lottery-057.jpg
                              Gurnee, Illinois
                              United States
                              Member #49731
                              February 12, 2007
                              917 Posts
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                              Posted: February 5, 2012, 2:01 am - IP Logged

                              actually this 2012 chrysler 300c  srtr seems pretty nice. i know 100's of mill make me go looking at expensive price tags butthis has a price taG PROMISSING CHANGE FROM $50K, and adaptive suspension. and all wheel drive option!

                              i could actually see myself as happy in this as a bentley, infact more happy as i get cheaper running costs/ insurance.

                               

                              ROFL I have never been fooled into thinking a Chrysler 300 was a Bentley!  And I know the ride is incomparable.  So when I win I will stimulate UK economy by purchasing their cars.  But I will do better stimulating US economy by expanding business ventures.

                              Although the annuitized jackpot amount might roll over 300M if not hit Wednesday, I still won't get lotto fever until all those balls roll my way.

                              Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

                              The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!