Welcome Guest
Log In | Register )
You last visited December 3, 2016, 5:30 am
All times shown are
Eastern Time (GMT-5:00)

$540 MILLION: Mega Millions buying frenzy sparks another jackpot increase

Topic closed. 387 replies. Last post 5 years ago by gordianknot.

Page 20 of 26
55
PrintE-mailLink
Avatar
Delaware
United States
Member #93503
July 1, 2010
453 Posts
Offline
Posted: March 29, 2012, 11:32 pm - IP Logged

have anyone realised that an 18y/o kid could win this money.... imagine what he/she would do with all that money... just sit back and think 18 year old kid with $540,000,000 with no parent with the rite to tell him or she how to spend it...

Well just like anyone else i would hope he/she get all the finicial advice they can. I'm 21 and if I win that's EXACTLY what I am doing. although I am really considering the annuity if I win too.

    Jill34786's avatar - Lottery-006.jpg
    Windermere, FL/Franklin, TN
    United States
    Member #50210
    March 1, 2007
    843 Posts
    Offline
    Posted: March 29, 2012, 11:34 pm - IP Logged

    I never paid attention to the lottery growing up and the only big prize I knew about was

    Publishers Clearing House and I knew they gave the $10 million prize in yearly payments.

     

    First time I heard of people ending up broke after winning the lottery was when they took the lump sum.

    Not saying the lump sum is a bad idea and I don't know when they started or have winners always had the

    option of lump sum? When did the lump start?

    Not sure when the lump sum was implemented but I would guess it's been available for probably the past 20 years of so. Jackpot winners with no guidance or game plan as well as self control will always find a way to go broke. It doesn't matter if they get the cash option or annuity.

    With the annuity, they simply borrow against it or cash it in for a lump sum payout with those sharks you see on TV. Many of them like the gentlemen who moved to Florida and collected medieval replicas while fueling a drug habit and out of control spending are destined to lose it all. Him and his girlfriend ended up living in a storage locker. No Nod

      BBLL's avatar - audi r8-wallpaper-bla
      Chicago
      United States
      Member #122762
      February 7, 2012
      160 Posts
      Offline
      Posted: March 29, 2012, 11:38 pm - IP Logged

      have anyone realised that an 18y/o kid could win this money.... imagine what he/she would do with all that money... just sit back and think 18 year old kid with $540,000,000 with no parent with the rite to tell him or she how to spend it...

      one winner

        CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
        TX
        United States
        Member #121193
        January 4, 2012
        1637 Posts
        Offline
        Posted: March 29, 2012, 11:38 pm - IP Logged

        Well just like anyone else i would hope he/she get all the finicial advice they can. I'm 21 and if I win that's EXACTLY what I am doing. although I am really considering the annuity if I win too.

        Could be a smart move C0w.....thats not a bad yearly thing for your age...if you made mistakes your first 10 years, the remaining 15 would make the pain go away.........Course, us older folks have made most of our mistakes and we realize the tax issues and give aways and have the ability to say "no". It won't bother us a bit to tell someone where the bear goes to the bathroom in the woods  when it comes to money!!!...well, I won't mind  anyways  Evil

        Stay Positive, Believe and good things will come your way

          ttech10's avatar - blobdude
          Texas
          United States
          Member #92330
          June 5, 2010
          887 Posts
          Offline
          Posted: March 29, 2012, 11:48 pm - IP Logged

          have anyone realised that an 18y/o kid could win this money.... imagine what he/she would do with all that money... just sit back and think 18 year old kid with $540,000,000 with no parent with the rite to tell him or she how to spend it...

          I'm thinking of that guy on the TLC show where he won in high school and lost it all in bad business ventures. But... I also think of how terrible some older people have thrown away their money (or could throw it away), so a young winner may not be too bad.

           

          I actually know a few younger people who would spend it wisely and some older people who would simply get high on whatever drug there is.

           

          Anyways, I still have my dreaming on, though I actually went out today and picked up my PB ticket for Saturday... clerk was telling me I should play tomorrow. When I walked in there was a long line, apparently the people at the counter were buying a good amount of tickets for tomorrow.

            maximumfun's avatar - Lottery-030.jpg
            Lavender Rocket

            United States
            Member #124616
            March 16, 2012
            2642 Posts
            Offline
            Posted: March 29, 2012, 11:52 pm - IP Logged

            They have 2 machines at one of the places I go... I was amused to see that they had dedicated one machine to ONLY MM and the other machine was everything else (including scratch ticket purchases)

              truewinner76's avatar - Lottery-001.jpg
              lakewood
              United States
              Member #113654
              July 13, 2011
              50 Posts
              Offline
              Posted: March 30, 2012, 12:09 am - IP Logged

              I'm thinking of that guy on the TLC show where he won in high school and lost it all in bad business ventures. But... I also think of how terrible some older people have thrown away their money (or could throw it away), so a young winner may not be too bad.

               

              I actually know a few younger people who would spend it wisely and some older people who would simply get high on whatever drug there is.

               

              Anyways, I still have my dreaming on, though I actually went out today and picked up my PB ticket for Saturday... clerk was telling me I should play tomorrow. When I walked in there was a long line, apparently the people at the counter were buying a good amount of tickets for tomorrow.

              Yes a young person could handle it the right way... i was just thinking of the fun life they could live, and be so young.... it is a blessing how in America anyone can become rich...

               

              I just returned home from the store buying my lottery tickets for MM, while there I won 3 scratch  off tickets in a row!!!! Banana the clerk said LUCKY!!!! and with the winnings I bought my 15 more QP.... I have never won like that in my life... I really think I will be the lucky guy to win Friday's Drawing. as i was leaving home,  in walking to my car I was thinking these are the last steps I'm taking that will change my life forever.....Party throughout my life I have dreamed so much, and I think my life now is in order to receive this Jackpot... Every desire I have ever had in life I have recieved.... Winning the lottery is another desire that I have, and will receive.... 

              *Note this posting... I am the winner of this drawing.. If not you can all call me crazy, when I do win you can all call me  CRAZY RICH!!!Banana

                Uff Da!'s avatar - InCelebration 001.jpg
                Washington State
                United States
                Member #33973
                February 26, 2006
                347 Posts
                Offline
                Posted: March 30, 2012, 12:14 am - IP Logged

                You can include your parents in your trust/LLC and dictate how much you want them to have. That would resolve any future transfer tax issues.

                Even if one includes one's parents in the trust/LLC, though, the IRS will likely claim that, unless there was written evidence that the parents shared in the ownership of the ticket, the purchaser of the ticket would have to pay gift taxes on the portion that was transferred to others through the LLC.  Depending upon the evidence in the case, one may or may not win.  Unfortunately, I recently deleted from my files the link to a court case regarding such a situation in Washington state and haven't been able to locate it on the web again. (The IRS won.)  I did, however, find another article that made interesting reading. However, this case was in a state where a lottery was not legal at the time, so that fact was a major part of the decision, as well.

                http://www.spencerlawfirm.com/Publications/Winning-a-lottery-can-be-tricky-in-a-taxing-way.shtml

                  Avatar
                  NY
                  United States
                  Member #23835
                  October 16, 2005
                  3474 Posts
                  Offline
                  Posted: March 30, 2012, 12:16 am - IP Logged

                  I went into one of my lottery places and had to wait for somebody to have his $100 worth of tickets printed. Then he said that he would be back Friday to do it again........

                  When I ran a pool and bought a big number of tickets I would manually pick all the powerball/meg ball  numbers 1-the max.

                  That way I was guarranteed to have at least one winner.

                  So far I have bought 10 tickets $1 at 10 different stores. Gas stations grocery stores so far not a liquor store. Bought tickets in the western suburbs, northern part of town SW, SE, NE NW and downtown.

                  I have the right hard luck story fir da press.

                  I even found the place to buy.

                  Jackpot ranch.  $10,395,000.00   

                  Legacy Ranch in Wyoming Black Hills, consisting of 6300 deeded acres, 320 State of WY lease, and 280 BLM acres. The property has a year round stream running through the core of the ranch, pipeline water system, springs and reservoirs. Approximately 900 irrigated acres. Incredible wildlife. 

                  http://www.pfisterlandco.com/node/306

                  Looks perfect, only problem I have to get the Mineral Rights. I have to "negociate" rights.

                  No rights no buy. I have to have 100% rights, no covenents, no deed restrictions. 

                  6,300 acres ought to keep the  beggars away.

                  "6,300 acres ought to keep the  beggars away"

                  Maybe they'll just be that much hungrier when they make it to your front door.

                    dk1421's avatar - Lottery-024.jpg
                    North Carolina
                    United States
                    Member #64582
                    September 1, 2008
                    347 Posts
                    Offline
                    Posted: March 30, 2012, 12:29 am - IP Logged

                    I bought 2 tickets from a girl at a gas station who keeps winning everytime she buys a scratch-off. I hope her luck rubs off on non-scratch-offs!

                    I, too, am going to a few places to buy tickets. At Kroger, I bought one with my last $1, then bought some groceries, got some cash and bought another $1 ticket. 

                    Hey - all you need is one ticket!

                    "Don't be a schmuck, always take the cash." -Coin Toss

                      Avatar

                      United States
                      Member #9639
                      December 14, 2004
                      18 Posts
                      Offline
                      Posted: March 30, 2012, 12:32 am - IP Logged

                      I bought 8 tickets at a convenience store.

                       

                      Later I went by the grocery store where I bought my last tickets, and asked if I had any winners. I'd won 2 dollars, which I spent on 2 more tickets.

                        golfer1960's avatar - Lottery-003.jpg
                        Eatontown, NJ
                        United States
                        Member #119670
                        November 29, 2011
                        740 Posts
                        Offline
                        Posted: March 30, 2012, 12:36 am - IP Logged

                        I just can't help it but I like this 2010 car! I'm buying it!  Can you dig it?

                        2010 Lincoln MKX - $32,995

                          Uff Da!'s avatar - InCelebration 001.jpg
                          Washington State
                          United States
                          Member #33973
                          February 26, 2006
                          347 Posts
                          Offline
                          Posted: March 30, 2012, 12:59 am - IP Logged

                          I pulled a boner today.  I filled out new MM cards on a wheeled system and presented them to the cashier at a convenience store.  Unfortunately, I hadn't checked them carefully enough and I missed one number on one line.  As I tried to figure out what number should have been there and the clerk waited, someone got in line behind me so I just guessed what number it should have been.  At home I checked and see that with my wrong guess, I now have two lines identical.

                          It would really be bad luck if the number that should have been there would make the difference between a $10,000 win and this huge jackpot!

                          Of course, my mistake could be a positive one, too - if there were three or four "winners" and I had two of them!

                            Avatar
                            Elgin, IL
                            United States
                            Member #93542
                            July 2, 2010
                            318 Posts
                            Offline
                            Posted: March 30, 2012, 1:05 am - IP Logged

                            Louisiana only joined MegaMillions recently and we haven't had a big winner yet. Louisiana needs its first big winner and this would be the perfect jackpot for that. I have a dozen tickets of my own, as well as my lottery pool with my coworkers. At the level it's at now, I'll take either one.

                            Don't worry. I'm going to give a shout out to my home state when I claim my 540 million.Big Smile

                              thePharaoh's avatar - pharaoh
                              TX
                              United States
                              Member #111622
                              May 29, 2011
                              32 Posts
                              Offline
                              Posted: March 30, 2012, 1:10 am - IP Logged

                              how would you react if Mark zuckerberg won the millions

                                 
                                Page 20 of 26