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POWERBALL CREATES WORLD'S FIRST BILLION-DOLLAR JACKPOT

Topic closed. 567 replies. Last post 11 months ago by AbsolutelyFun.

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dpoly1's avatar - driver
PA
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October 16, 2008
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Posted: January 10, 2016, 9:18 am - IP Logged

Holy Moly Guacamole!

Dance

dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

 

Eschew Poverty ........... Vote Conservative!

    travelintrucker's avatar - morph
    Greenville, SC
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    November 4, 2015
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    Posted: January 10, 2016, 9:18 am - IP Logged

    I went to sleep before the draw and just woke up. I CAN'T BELIEVE IT ROLLED!!!! My thread "Are you ready for the attention?" has just become reality!

    May the balls bounce in your favor!

      Drenick1's avatar - villiarna
      USA
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      February 25, 2014
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      Posted: January 10, 2016, 9:36 am - IP Logged

      Want to take home One Billion dollars cash? The Cash Option sans taxes. (no, not the Annuity)

      Well first you need to make the following assumptions:

      You must pay 39.6% to the IRS as Federal Tax

      You must pay taxes in your individual state if applicable. Lets go with the highest in the country according to LP which is 8.82% so we will calculate by that (thanks New York)

      And lastly we will assume the most recent Cash Option percentage which is $806 million divided by the jackpot $1.3 Billion which is 62%.

      You would need the jackpot to rollover to $3,126,993,459 and of course be the sole winner.

      Your Cash Option would be $1,938,735,945 (the 62%)

      and you will pay $767,739,434 in Federal Taxes and (the 39.6%)

      assuming you're in New York you will pay the State of New York, $170,996,510 (the 8.82%)

      leaving you the nice chunk of change of $1,000,000,000 also known as One Billion Dollars......Crazy mind boggling.

      Thank you for detailing the scenario on how to net a billion dollars through the lottery. I had mentioned a condensed version on a different thread.

        travelintrucker's avatar - morph
        Greenville, SC
        United States
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        November 4, 2015
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        Posted: January 10, 2016, 9:41 am - IP Logged

        That's why they say Play Responsibly. $2 is just a cheese burger.

        May the balls bounce in your favor!

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          Simpsonville
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          January 22, 2015
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          Posted: January 10, 2016, 9:42 am - IP Logged

          Woke up @ midnight, called the Kentucky Lottery #'s line...'all circuits are busy'.  Tossed and turned and finally got through hours later.  Too cold in sunroom to fire up computer to 'read all about it'.  Just played it again as they say here same #'s, what the heck.

            travelintrucker's avatar - morph
            Greenville, SC
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            Posted: January 10, 2016, 9:42 am - IP Logged

            Bill Gates is worth about $76 Bil.

            May the balls bounce in your favor!

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              Posted: January 10, 2016, 9:43 am - IP Logged

              That's why they say Play Responsibly. $2 is just a cheese burger.

              you are incorrect. At McDonald's you get 2 for $2.00Smile

                Drenick1's avatar - villiarna
                USA
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                February 25, 2014
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                Posted: January 10, 2016, 9:45 am - IP Logged

                I got the following as "lottery advice" emailed me today from a friend:

                If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

                1.  it will make it much harder for them to ask to borrow money from you &
                2.  it will tell you who your real friends are so you can share with those in the 2nd column.

                I like that! Thanks for posting.

                  Tami333's avatar - winifrid
                  Michigan
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                  February 20, 2013
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                  Posted: January 10, 2016, 9:48 am - IP Logged

                  Those who matched all 5 and missed the PB be like. PukeLol.

                  You are right, I thought the same!!  Although they will be happy about $2M, some will be really reflecting on missing the jackpot. My sister never plays the lottery and thought she won thousands but "reflected" for days when she found out her 4 out of 5 numbers only paid a lousy $100, vs 5 out of 5 pays $2M. I told her "Welcome to my club when I miss my 3-digit tickets by one number." 

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                    Simpsonville
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                    Posted: January 10, 2016, 9:50 am - IP Logged

                    I like that! Thanks for posting.

                    Sounds like good advice.  My Sister, who is too darn cheap to play the lottery told myself and older Brother years ago 'When you win the lottery you HAVE to give me some'.  If she says that again I'll say the only thing I have to do is stay white and die.

                      Tami333's avatar - winifrid
                      Michigan
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                      February 20, 2013
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                      Posted: January 10, 2016, 9:53 am - IP Logged

                      I got the following as "lottery advice" emailed me today from a friend:

                      If Wednesday night you find you are holding the winning ticket - (before anyone finds out) - immediately call everyone you know.  Tell them you have an emergency and need to borrow $500.  They will likely all ignore you.  This will come in handy in a few weeks when they find out you won and will do 2 things for you.

                      1.  it will make it much harder for them to ask to borrow money from you &
                      2.  it will tell you who your real friends are so you can share with those in the 2nd column.

                      I Agree!  That is great advice!!!  Couldn't do it on my Family, they might wonder what's up, but it would be great to use on people you "think" are your Friends.  What a SUPER idea!!!

                        MzDuffleBaglady's avatar - Lottery-018.jpg

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                        October 16, 2009
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                        Posted: January 10, 2016, 9:56 am - IP Logged

                        Well, I won a total of $14.00,   spent $10.00 ,  Profit , $4.00.

                         

                        Tha's all I"m playing back, since Missouri just had a $1 million dollar ticket sold.

                        But, Missouri is a top state for winning Powerball.

                         

                        I"m in again.

                         

                        Good Luck.

                        P.S. Last night's Powerball number (13) had not been drawn since, 2014!

                        The Struggle is real!

                          travelintrucker's avatar - morph
                          Greenville, SC
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                          Posted: January 10, 2016, 9:57 am - IP Logged

                          Uh, no. You're still responsible for the decisions you make in life. If you're too concerned about your future well being as a billionaire, then don't play.

                          May the balls bounce in your favor!

                            Drenick1's avatar - villiarna
                            USA
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                            February 25, 2014
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                            Posted: January 10, 2016, 10:04 am - IP Logged

                            My sister in law is a bank teller, many cash advances on Friday....now what will these people do?

                            For those who have exhausted their cash advance limit the pawn shop may be their next option. Very sad what a jackpot this size will demonize a previously sane individual to commit.

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                              Roanoke, VA
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                              October 2, 2012
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                              Posted: January 10, 2016, 10:08 am - IP Logged

                              For those who have exhausted their cash advance limit the pawn shop may be their next option. Very sad what a jackpot this size will demonize a previously sane individual to commit.

                              It'll  be ironic. The US economy... 80%  bankrupt due to a lottery jackpot size.

                                 
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