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

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

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United States
Member #122691
February 6, 2012
330 Posts
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Posted: March 29, 2012, 3:02 pm - IP Logged

the jackpot is so high that you could buy all 175 million combinations and even if another person including yourself won, you would still come out ahead.  i dont think it would be possible to do in reality, to print up 175 million tickets before friday.  im hoping only one person wins though, its a better story that way.

If you are Goldman Sachs or some other firm like that this is very doable. The problem is if a lot of these firms and other billionaires did the same thing they could end up with heavy losses if the jackpot has to be shared.

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    New Member
    Philadelpha, Pa
    United States
    Member #125385
    March 28, 2012
    13 Posts
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    Posted: March 29, 2012, 3:02 pm - IP Logged

    1 Ticket ........... 1 Person

    US Flag

    PA is long over due......

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      Texas
      United States
      Member #111057
      May 17, 2011
      33 Posts
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      Posted: March 29, 2012, 3:04 pm - IP Logged

      I sure hope it does NOT roll-over anymore!  I'd sure like to get started on my plan this weekend.  And with a QUARTER of a BILLION, AFTER TAX!!!!....  I think my plan would be financed well enough.

      Years ago, I designed a dream house in Google Sketch-Up and would like to start shopping lots and talking with architects.  It's not too extravagant, although I think it worked out to be about 17,000 square feet.  But it's a SMALL 17,000 square feet.  LOL   Actually, I just designed the rooms I wanted on one floor, and got a lot of excess space just filling in the upstairs.  A modest, 8-car garage... with the land option to build a second, unattached garage if we need more space.  I do have some kids after all.  And when they start driving, could get a little crowded.

      With plenty of money to build it, my vision is to bring in all kinds of new technology to minimize maintenance and operating costs.  Maximize efficiency (insulation, heat pump, super-efficient appliances, LED lighting, etc), generate power (solar, maybe wind), capture rain water (so my yard won't die when we're under watering restrictions down here in Texas).  I'm wondering if it is technologically possible (YET!!!), to build a 17,000 square foot house with operating costs of less than $100/month.  Practically living "off the grid".

      Put the excessive money in up front to build it, with the goal to have very little cost ongoing.  (Because property taxes -- one of the worst kinds of taxes because it taxes "existing" rather than activity -- could be $20k-$25k per month.  Need a trust fund set-up just to pay that each year.) 

      Pushing the edge of new technology (which would be expensive) and changing the paradigms of how we build houses, my hope would be to help change the world.  Once you figure out the best way to build things, then costs can come down for others with increased production.  Working with an architect and builder, take the knowledge from this "prototype", and start building highly efficient neighborhood developments.  Neighborhoods that are capable of operating "off the grid".

      I can dream, can't I?

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        Florida
        United States
        Member #123021
        February 12, 2012
        29 Posts
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        Posted: March 29, 2012, 3:05 pm - IP Logged

        I am hoping to win the Powerball and not the MegaMillions because right now absolutely no one will remember or care who you are and quite frankly I don't want or need this much money and all the crap that is going to go along with it. Forever whenver the jackpot gets large in the lottery your name will always be brought up as the winner of the biggest lottery in the history of America, maybe the world.

        Well, in a way, you make a sound point. But if this has happened once, you can bet that it will happen again, even if it's rarely. If you ever wanted to win a jackpot at this size, maybe it would be best to do so when 400-600 million is on the tier of excitement from 300 million. Basically, when people are complaining that everyone wins right before the 750-800 million record. Shouldn't have to wait too long, ha ha. But I have to admit, it would be nice to just quietly win the Powerball and be on your merry way. Too bad, here, we only offer one, so, anyone winning the Powerball is still kind of big news, regardless of the size.

          smooth11484's avatar - Lottery-053.jpg
          ohio
          United States
          Member #125198
          March 26, 2012
          1908 Posts
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          Posted: March 29, 2012, 3:07 pm - IP Logged

          u guys are crazy talking that trust fund stuff and saving money listen yu guys including myself prob wont make close to that in your life time so skip me its a half billion dollars n not one person said take care of their family or give some to charity, if i win my whole family eating... we all go cutt the cake like newlyweds

            Jill34786's avatar - Lottery-006.jpg
            Windermere, FL/Franklin, TN
            United States
            Member #50210
            March 1, 2007
            843 Posts
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            Posted: March 29, 2012, 3:08 pm - IP Logged

            These different perspectives are invaluable, Jill34786 (isn't your number the zipcode for Windermere? Big Grin)! Truly and utterly. These are the kind of posts I love reading, and it's great to have people who have and still work in finances to give these kinds of responses. I think I'll still lean toward the lump sum option then. Thanks so much for this info!

            You also mentioned that there are communities within Orlando that are barred against the media. For Windermere, would that be near the Butler Chain of Lakes' communities? Maybe Bay Hill? I'm curious if there are other communities like that, maybe in Heathrow and Lake Nona that offer the same kind of protection? I'd think Winter Park would be too open and unguarded to offer that. Would Montverde would that too? Near Lake Apopka. What about Celebration and its ties to Disney? That and I'm sure the luxury communities on the beaches are a given, no matter what part of Florida you live in.

            Your welcome! Bay Hill is not guard gated and Lake Nona isn't bad plus you would be near the airport. The community I live in is surrounded by the Butler chain of lakes and from my perspective the most attractive and secure environment one could ask for.

            The community in Montverde is BK and a total mess, would not suggest it.

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              Florida
              United States
              Member #123021
              February 12, 2012
              29 Posts
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              Posted: March 29, 2012, 3:08 pm - IP Logged

              Curious, but is anyone else having problems loading Lottery Post at times? Chrome has been freezing up and killing pages, probably from all the traffic and the frequent updates, but hmm, I've never had this problem with any other site.

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                United States
                Member #122691
                February 6, 2012
                330 Posts
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                Posted: March 29, 2012, 3:10 pm - IP Logged

                I sure hope it does NOT roll-over anymore!  I'd sure like to get started on my plan this weekend.  And with a QUARTER of a BILLION, AFTER TAX!!!!....  I think my plan would be financed well enough.

                Years ago, I designed a dream house in Google Sketch-Up and would like to start shopping lots and talking with architects.  It's not too extravagant, although I think it worked out to be about 17,000 square feet.  But it's a SMALL 17,000 square feet.  LOL   Actually, I just designed the rooms I wanted on one floor, and got a lot of excess space just filling in the upstairs.  A modest, 8-car garage... with the land option to build a second, unattached garage if we need more space.  I do have some kids after all.  And when they start driving, could get a little crowded.

                With plenty of money to build it, my vision is to bring in all kinds of new technology to minimize maintenance and operating costs.  Maximize efficiency (insulation, heat pump, super-efficient appliances, LED lighting, etc), generate power (solar, maybe wind), capture rain water (so my yard won't die when we're under watering restrictions down here in Texas).  I'm wondering if it is technologically possible (YET!!!), to build a 17,000 square foot house with operating costs of less than $100/month.  Practically living "off the grid".

                Put the excessive money in up front to build it, with the goal to have very little cost ongoing.  (Because property taxes -- one of the worst kinds of taxes because it taxes "existing" rather than activity -- could be $20k-$25k per month.  Need a trust fund set-up just to pay that each year.) 

                Pushing the edge of new technology (which would be expensive) and changing the paradigms of how we build houses, my hope would be to help change the world.  Once you figure out the best way to build things, then costs can come down for others with increased production.  Working with an architect and builder, take the knowledge from this "prototype", and start building highly efficient neighborhood developments.  Neighborhoods that are capable of operating "off the grid".

                I can dream, can't I?

                What on' God's earth are you building that is going to cost $25,000 a month in property taxes?

                My buddy has a $25 millon house in Palm Beach and his property taxes are $150,000 a year.

                  CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                  TX
                  United States
                  Member #121193
                  January 4, 2012
                  1637 Posts
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                  Posted: March 29, 2012, 3:11 pm - IP Logged

                  Curious, but is anyone else having problems loading Lottery Post at times? Chrome has been freezing up and killing pages, probably from all the traffic and the frequent updates, but hmm, I've never had this problem with any other site.

                  sometimes DispL......thats because we aren't able to purchase MM tickets here in FL  Naughty

                  Stay Positive, Believe and good things will come your way

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

                    United States
                    Member #124616
                    March 16, 2012
                    2642 Posts
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                    Posted: March 29, 2012, 3:12 pm - IP Logged

                    Curious, but is anyone else having problems loading Lottery Post at times? Chrome has been freezing up and killing pages, probably from all the traffic and the frequent updates, but hmm, I've never had this problem with any other site.

                    Yep.

                      weshar75's avatar - Lottery-042.jpg
                      Mcminnville, Oregon
                      United States
                      Member #3013
                      December 13, 2003
                      3094 Posts
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                      Posted: March 29, 2012, 3:13 pm - IP Logged

                      Well mega got my $20 on wednesday so hopefully I can win or share the jackpot on friday.  Good luck.-weshar75

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                        United States
                        Member #125527
                        March 29, 2012
                        11 Posts
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                        Posted: March 29, 2012, 3:15 pm - IP Logged

                        Ive has asked my family to give me there lotto numbers for the drawing...the dont have the Mega Millions in Florida (their only option is to drive to Georgia). Im

                        playing $50..a combination of quick picks and my/there numbers...wish me luck...oh what would I do..DISAPEER OFF THE RADAR...maybe a trip to New Zealand or Austraila or

                        bouncing around between islands in the Pacific..anway my family would be "hooked up" for life and the world would be a "playground"...

                          Jill34786's avatar - Lottery-006.jpg
                          Windermere, FL/Franklin, TN
                          United States
                          Member #50210
                          March 1, 2007
                          843 Posts
                          Offline
                          Posted: March 29, 2012, 3:20 pm - IP Logged

                          I sure hope it does NOT roll-over anymore!  I'd sure like to get started on my plan this weekend.  And with a QUARTER of a BILLION, AFTER TAX!!!!....  I think my plan would be financed well enough.

                          Years ago, I designed a dream house in Google Sketch-Up and would like to start shopping lots and talking with architects.  It's not too extravagant, although I think it worked out to be about 17,000 square feet.  But it's a SMALL 17,000 square feet.  LOL   Actually, I just designed the rooms I wanted on one floor, and got a lot of excess space just filling in the upstairs.  A modest, 8-car garage... with the land option to build a second, unattached garage if we need more space.  I do have some kids after all.  And when they start driving, could get a little crowded.

                          With plenty of money to build it, my vision is to bring in all kinds of new technology to minimize maintenance and operating costs.  Maximize efficiency (insulation, heat pump, super-efficient appliances, LED lighting, etc), generate power (solar, maybe wind), capture rain water (so my yard won't die when we're under watering restrictions down here in Texas).  I'm wondering if it is technologically possible (YET!!!), to build a 17,000 square foot house with operating costs of less than $100/month.  Practically living "off the grid".

                          Put the excessive money in up front to build it, with the goal to have very little cost ongoing.  (Because property taxes -- one of the worst kinds of taxes because it taxes "existing" rather than activity -- could be $20k-$25k per month.  Need a trust fund set-up just to pay that each year.) 

                          Pushing the edge of new technology (which would be expensive) and changing the paradigms of how we build houses, my hope would be to help change the world.  Once you figure out the best way to build things, then costs can come down for others with increased production.  Working with an architect and builder, take the knowledge from this "prototype", and start building highly efficient neighborhood developments.  Neighborhoods that are capable of operating "off the grid".

                          I can dream, can't I?

                          Heating/cooling cost on a conventionally built 17,000 sq.ft. depending on location would most likely run $2,000-$2,500 per month. Incorporating ICF, Geo thermal, quality gas filled clad windows, smart home automation, Solar panels could easily cut cost down to the $600-$800 range.

                          Just a few tips we have picked up from building a few homes. Wink

                            Avatar
                            Texas
                            United States
                            Member #111057
                            May 17, 2011
                            33 Posts
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                            Posted: March 29, 2012, 3:22 pm - IP Logged

                            Property taxes seem to be higher in Texas...  probably because we do not have a state income tax.  Build a $10-$12m house, with property taxes of 2%-2.5%, and you have a monthly tax bill of $20k-$25k. 

                            I'm guessing a house like I would want, built conventionally, would probably cost less than 5 million.  But I'm doubling it for the technological upgrades I want to try to make it self-sufficient.  I plan to push the limits of solar technology, etc.

                              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, 3:25 pm - IP Logged

                              Ive has asked my family to give me there lotto numbers for the drawing...the dont have the Mega Millions in Florida (their only option is to drive to Georgia). Im

                              playing $50..a combination of quick picks and my/there numbers...wish me luck...oh what would I do..DISAPEER OFF THE RADAR...maybe a trip to New Zealand or Austraila or

                              bouncing around between islands in the Pacific..anway my family would be "hooked up" for life and the world would be a "playground"...

                              Thats nice of you Smithster....had to make that request  and agreement on this end too

                              Stay Positive, Believe and good things will come your way

                                 
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