Will be checking Indiana's lotto website to see where  the winning ticket was sold.

Just Googled Cambridge City, IN; too far for me to drive from KY for a lottery ticket!

 There was a second place winner from Michigan. Could it be Sully16?

 The ratio of Annuity:Cash Value is .712  That pushes almost every player who wanted to take the Annuity into the Cash camp.

 Californians can expect to keep about $143 million after all taxes and the deduction are taken out.

 Even a million would change my life. I am looking at Treasury notes as my main investment vehicle. 

 I will place my Living Trust inside my LLC along with the T-notes. Asset protection is the name of this game.

 There are hungry sharks prowling for victims. Lottery winners have a target on their backs.

 Here in Cali I do not have to do the press availability or the grip and grin photo shoot. But my name will be released. I plan on giving the Press a statement which will include info. about Lottery Post. I will run it by Todd before then.

Just a $22 mil increase from the previous drawing of $311 mil. People must be tired of playing the lottery or annuity interest rates suck or both.

It is low interest rates due to the poor economy. 

This is documented in several recent Powerball and Mega Millions articles I published recently.  I did not include it in this article because I try to avoid repetition.

Do any of us "regular" players even look at the annuity amount? Most of us are taking the lump sum cash payout anyway.

 You are correct TheMeatman2005. Most of us will take the Lump Sum. But for those just graduating from high school or college they might consider the Annuity. They have their whole lives ahead of them and no experience handling large sums of cash.

Haven't interest rates been this low or lower since 2001ish?

I am looking at Top 25 cash value jackpot. When the prize exceeds $381 million the future winners can expect to share. Just like your kindergartner teacher taught you. Share and share alike. "Did you bring enough to share with the rest of the class?"

That said.....the young and foolish also run the risk of over extending themselves because they have a check coming in a "few months".

There have been many such stories where people borrow money on their winnings because the get all JG Wentworth with their out of control spending habits

Rather set up a trust with a fraction of the winnings to pay out maybe $5000 every 2 weeks for maybe 15 years

If I'm lucky enough to win the jackpot, I don't want to share anything. Unless it's the work pool. Got a couple ladies in it that are fighting cancer and I really hope for our pool to win so they can pay off the med bills.

 Your trust idea is good. I will discuss this with my future Trust & Estate attorney.

 rcbbuckeye, Personally I agree. Lump Sum with no sharing with any other winners. Sharing will come later with family, friends, and charity. Cancer is no longer a death sentence like it was. Medicine is gaining on it everyday. I wish you and your pool the best and Good Luck winning.

That is always how I look at these jackpots, how easily can I set aside $2 million for over 15 years and just leave the rest aside as legacy money.

The lottery is a one time deal....you are not bill Gates or some hedge fund dude who rakes it in annually. Why buy the homes and cars as if you did. If you want that life, use the winnings to set yourself up to earn like they do. People talk about investing their money....pppffftttt, that is the quickest way to lose it. The markets are very fickle and only favour the few. 

Rather, figure out a way to get a piece of the pie....there are more than a billion people out there with money to spend, go out and get it

I play every drawing it doesn't matter what the jackpot is. I always look at the cash value over the annuity. It makes more sense to me to take cash then the annuity anyways some people would call that foolish because I'm still relatively young... of course I would rather take the tax hit now and get it over with so I can properly invest in what I want to instead of having the lottery buy up bonds. Now is the time to win so you don't have a bloated annuity figure and a smaller cash option. However on a positive note less people are playing so the jackpot has a better chance of climbing higher before it is won... which means better chance for a single ticket winner... And a bigger and better cash jackpot

then only mention what place this weeks powerball or mm estimated jackpot is in (not that it matters) instead of showing the complete list over and over again. or scale it down to the top 10 all time. even so that info has no bearing whatsoever on the "current" jackpot. a better list would be showing how much was bet in each state every drawing and how much was won state by state since so many here are obsessed with the lucky state theory or the fixed state theory. those stats would reveal a lot of info far more interesting than some ancient history of past results.

Good luck to all players!

Geez, faber.

You griped the last article he posted about that list. He's gonna post that list whether you like it or not.

If it bothers you THAT much, no one is making you read it.

 taxes could go up. A single winner from LP has a better opportunity to win now.

Poor economy? The Dow Jones index is at 18,000. 

i know, he has nothing else in his bag that will help or entertain lottery players but to keep track of whether this jackpot climbs from #17 all-time to #13 or will it only make it to #14. i just fail to understand the significance of this being constantly reinforced. of course, this is the same guy who thought his invention of the lottery app was the greatest thing since the invention of sliced bread. of any app ever invented this is by far the most useless one. if a lottery player can't figure out where to buy his tickets and needs an app to do it they shouldn't be playing. every convenience store or gas station in the country has a machine.

Todd should create a lottery app like the Pokemon Go game app to catch lottery winning numbers.

Hey, anything is possible.

People are tired of losing money on lottery games. Lottery players would have to win a lottery jackpot in order to afford playing the lottery.

You have a higher chance of becoming a USA Senator than winning a lottery jackpot in your lifetime.

The economy isn't good for the low to middle class or those in search of work. The stock market is doing fine but it's only benefiting those who are actually vested. More than half the adult population is living paycheck to paycheck  and the last thing on their mind is investing what little resource they have left after cashing their check.

Becoming a USA Senator or being elected to congress is just like winning a lottery jackpot.

It is time for the USA to create a lottery linked to saving bonds like the UK. Mega Millions and Powerball lottery games are taking money away from the economy.

It is a more realistic goal for many than winning a MM or PB lottery jackpot.

If you are likable and well spoken while being able to BS your way out of a wet paper bag and lie directly to someone's face then the prospects of being a member of the senate or congress is right up your alley.

We, Human beings never lie about anything. We are all honest individuals.

I see you winning a lottery jackpot SOMEDAY my friend?

YOU WILL NEVER WIN A LOTTERY JACKPOT IN YOUR LIFETIME.

There are enough negative people in my life without you being one more of them.

If you can't say anything positive.... S.T F.U  and don't say anything at all!

Now, I just have to win to prove you wrong.

YOU WILL WIN A LOTTERY JACKPOT SOMEDAY.

LUCK IS LUCK WISEGUY . YOU SHOULD KEEP PLAYING THE LOTTERY AROUND THE WORLD. HEY, YOU NEVER KNOW.

But you repeat other useless things but not this very important thing

YOU WILL NEVER WIN A LOTTERY JACKPOT IN YOUR LIFETIME?

Added to my Favourites...this post

Increase your chances of winning by buying tickets in Indiana!

Will someone here from IN buy me tickets? LOL I'll split it 50/50 if my ticket wins!  If anything we'll win $4 because Indiana has probably never sold a losing ticket, so I'll get my $2 back and you'll profit $2!

lucky state theory? i hear ferguson, mo  is a lucky town to buy tickets in. you aren't far from there. i'd head on down to get some.

Powerball $333 Million Go get your Tickets before the RUSH!

Good Luck everyone

I didn't see you there got your tickets yet?

There won't be any rush for several more draws.

$333 Millions

who if anyone might get the right ticket at the right time

You sound very pleasant, thanks so much for the feedback.

I rarely win anything in Indiana...just checked my ticket from 9 JULY 16, only one # on it.

Bought one PB with PP from the machine this morning and online tonight in KY.  Still waiting for MA season ticket to come in.  Also waiting for my new Season tickets for PB and MM from MA...come on Kirstie and Dan don't let me down.  Perhaps they'll come in the mail soon.

everyone likes todd. he has created a top notch site here. it is difficult to keep coming up with fresh material to convey lottery stories and news each day. listing lifetime lottery amount standings seems to be popular with most even if it's overdone. maybe it's to drive sales since people want to get in on the biggest jackpots only. he keeps track of that for them. fine. what interest rates are, annuity payments, and tax bites are only minimally important if you win one of these. continuing to discuss that stuff is ridiculous. need more stories like on "how the lottery changed my life".

l glance at the annuity ever so now and then just because the powers that be have posted it in the Usamega section.It would really work for people who have difficulty controlling their spending habits.David Lee Edwards would have been a perfect candidate to take the annuity... just saying.

I browsed the inventory at Bentley and Maserati of Pittsburgh today, just to be prepared LOL!

$$$$$$$$$ I'm ready!

There? Where? 

Picked up 1 today. Still gotta get a few more. 

Fellow Yinzer...!!!!!

Woop woop??????????

But on another note, just read today that PA lottery winnings are now to be taxed. Wish they had asked for out opinion.....I would gladly pay I come tax if I was allowed to be anonymous

 States beginning to tax lottery winnings is another reason not to take the annuity.

California is one of a handful of States that does not tax lottery winnings.  I sure hope they keep it that way . With casinos springing up all over the State- they would be wise to not go down the path of squeezing the playing public for every nickel they can get.l visited San Francisco a month ago and there is  NO free parking anywhere in the city.  it's 

Drenick1, no truer words were ever spoken.

I will gladly take $2 million this saturday night if my ticket comes in.-weshar75

You are correct as the Thieves in Harrisburg will line the pockets of the public employee unions with part of your money should you win!

I believe that this robbery starts on August 1st!

No. If you look at the list of annuity values and cash values the answer is easy to find. The two oldest cash values (2007) on the list would both have earned about 67 cents for every dollar invested in the annuity. For the current PB jackpot each dollar will earn just over 40 cents.

Then check the older entries for annuity value. In 2005 PB had an annuity value of $340 million, but that one didn't make the cash list because it's cash value was too small. That means the cash value was something less than the smallest cash value of $185 million. That means something less than $185 million invested in an annuity earned at least $155 million. The cash value for that one was actually only $164.4 million, so as an annuity it would have more than doubled in value, earning $175.6 million, which works out to almost $1.07 for every dollar of cash value.

The effect of interest rates on the difference between those older values and today's is even bigger because the annuity payments are different. Annuities for those old  jackpots would have been paid in 25 fixed installments, whereas today's would be paid in 30 installments with the payments starting out at less than 1/30th of the total and increasing every year. That means that the cash is invested longer, and more of the cash is invested.

In my defense, separately I understood what each and every one of those words meant.  However when put together in this way...

Thank you Thrifty but I have already won my jackpot when I met my husband.

His financial adviser offered him a long term plan that would pay him over $80k per month WITHOUT touching the principal yet he turned it down. An annuity would have done David Lee Edwards no good as he would have simply cashed it out for a fraction of what it was worth.

When drugs dictate your mind there is no common sense.

  David Lee Edwards was a lighthouse warning us of the rocks ahead. His rocks were drugs. He also had a criminal history. Dave Ramsey made the lighthouse comment, I am quoting him.

 Enjoy your lottery play because you never know!

 I see extra murky waters ahead..... regardless of out come of the pending election

l am not disagreeing with you D- l am simply saying that it would have been a better option for him. Perhaps however slightly the prospect,  he could have blown through his first check at warp-speed & seeing that he was penniless,  could figure out that he had 29 more chances to right his ship. We all know how it ended- but l was speaking from a what if's POV. Agencies such as Alcoholic Anonymous do not exist for nothing- there is always a chance that people can clean up their lives. As l previously mentioned : Just saying. 

Looking back on David Lee Edwards lifestyle we see an uncontrollable appetite for drugs & reckless spending.  His definitely not the first & won't be the last. There are lots of musicians who have gone down the same path. The only reason he stands out to us is because he did not " earn his fortune" the hard way.Explain: Mike Tyson ended up bankrupt after earning his money the hard way,the same goes for some rapper's,  Joe Louis & basketball/ baseball players, the terrain littered with sad cases. However there is a lesson to be learned from Mr Lee's  experience nonetheless M.

who cares if david lee edwards squandered his lottery win. of course no one on here will get the chance but if some miracle happens i'm sure 99% of the populace won't turn into jack whittaker or david lee edwards. even if someone blows 3/4 of it they still will have more than enough to get by. certainly much more than before they won. annuity works if you're young and worried. simple enough.

I read an interesting book on the subject of winners who take the annuity:  Money for Nothing: One Man's Journey through the Dark Side of Lottery Millions by Edward Ugel 

I'm not for or against anyone else and their decisions.  I just think anyone thinking about the annuity should read this book so they can see one type of despicable predator they will be up against.  I'm sure those who take the cash have different predators.

I like the fact it landed on 333.   I thought mega millions landing on 333 a couple weeks ago was my final omen that I would win.  After all I have been seeing 333 for a few years now.   But, alas, no win on mega for me.   I am sure powerball won't stay on 333 after all is said and done, but I am hopeful.   I am crossing my fingers.   

Of course I got a chinese cookie some years back that said I would travel and collect a fortune.  Crossing fingers.   

Good luck to all though.  If not me, I hope it is one of you.

thank you for pointing out that book. todd "should" post excerpts or partial chapters of this on here instead of the lifetime position of a current or previously won lottery jackpot both annuity and cash. need useful info that can actually help someone maybe.

 Lottery winners have targets on their back. Winners must learn how to protect their assets.

 How to say, NO, and keep every transaction a business like experience. 

 I have learned from, Sudden Wealth by Robert Pagliarini, how to create a one-line sentence to say to all comers. It goes like this, "I do not know if I can help you right now but here is my financial adviser's contact info". Whatever your reply is you must memorize it and use it when asked for a gift, loan, help in any

way. You will be using your financial adviser as the bad guy who will tell them NO. 

 Edward Ugel's book tells us how lottery factoring business works. He even has said here on Lottery Post, "Take the Lump Sum". He made his employer and himself loads of money from lottery winners who got their prize as an annuity and needed the help to pay their bills.

noise-gate, Professional athletes who have grown up in poverty have blown fortunes they made while adults. They never learned how to invest their fortunes. 

 Today I notice that some athletes are dealing with their paychecks wisely. Not all but more than in the past.

 I think that athletes should be paid while in College. They will learn money lessons there before being paid millions as professionals.

Libraries are filled with " How to, what to" books covering most every subject out there. There are probably thousands of books dealing on how to handle your money. But like one President once said " The buck stops with me"- in other words: you & l have to be the caretakers of our own money. One can get all the legal & not so legal advice out there but if you as a millionaire are not in a position to take a stand as to how your money is handled- it would be best not having it in the 1st place.Far too many athletes & actors have blamed their managers for " mishandling their fortunes." The heck with that. You need both eyes on your money or not at all. Try punching in a phone # with both eyes on the phone while in busy traffic  & send a message from the other side telling us how that turned out. Same with your money- both eyes on it, or at least know what's going with it at all times.One eye may work but keep your money in focus.

* I'm Reminded of Gandalf the White who slept with one eye open...that was some scary sshht.

No matter whatever anybody says to you, just remember one thing: You and you alone are responsible for your good health and the good health of your finances. If you choose to wreck your health or the health of your finances, you have nobody but yourself to blame. Sure you can come up with a bunch of excuses but that crap don't fly.  Seriously, I'd rather blow my own millions than have somebody else do it for me.

 I am planning on only investing in CDARS and Treasury Notes and also Treasury Bills. Then I will live on a budget and be able to say NO to all comers. I may need a financial assistant to say NO to the persistent requests. I will refer them to my financial adviser.

Whatever you do avoid buying jewelry, especially gold chains that are worn over an unbuttoned shirt exposing your chest hairs. There is this Lil diner l visit on occasions and this ex Vegas guy has that look. He probably was told he looks hot. Dude is in his late 60', maybe early 70's..It's quite a sight,  believe you me.

 I think that it was Will Rogers who said,"They are buying things to impress people they do not know."

20 million Mega Millions Jackpot tonight 

In for anything!

Hi SWS, why is 333 your lucky number?

At least it ain't 666...

Somehow I missed an entire season on HGTV "My Lottery Dream Home".  Watching it now, guy and wife won $180 million on the California lottery in 2015 first and last name as well as their story plastered all over the place.  Another episode in 10'.  I don't think that is such a wise idea IMO.

Along the same lines....

Some Indian dude ( money lender in india) made headlines when he commissioned a shirt to be made out of gold so that he can attract the ladies...

Well, just read that he was beaten to death by some mob....

Lesson here....stay well clear of gold worn on your person as a show of wealth

I got 3 Tickets Lets go Powerball

Good Luck everyone

you're going to try to win 300+ million and live on a budget. most idiotic idea statement ever, but the shoe fits.

It's the best way to keep your millions

We talk here every day slating all those who went broke in 5 years or less.....

Well none of them had a budget and that is how they went from classy to ashy!!!!

you don't get it either. no comprehension of how much money 300 million is. there's a middle road 99% of people take to ensure they don't lose it all. but to deny yourself in order to "save" or " invest" it all is ludicrous. classy to ashy, how poetic. the word "budget" should be a requirement in order to get your check that you are not allowed to utter that word again. telling your cohorts, friends, or family that you're on a "budget" will make you the butt of jokes by all of them. have fun hoarding it,

A "budget" is subject to a variety of views and is mostly tied to wealth or the amount of income produced. Music may have a budget of $2k or $50k per month and it will most likely be based on his financial situation so I don't really think it was idiotic at all.

Amen. Cynthia Stafford had no budget so she lost it all. A budget is relative to your income.

Classy to ashy is my homage to the late Biggie smalls....(baby babbyyyy!!!!!)

There is no denying one's self with 300 million plus....just taking it easy and enjoying the ride in a measured manner.

Telling friends and family that you are on a budget is the best way to keep them off your case for handouts....I will tell them I told my lawyer to only authorize a pre-set amount to be dispersed from my trust and to me alone. They don't need to know if I do or don't have easy access to it....it's MY money....blah blah blah

it's the word "budget" that most people relate to as a tool used by the less than affluent to help them survive. it is demeaning to use it if you are rich. people sneer and ridicule someone who has hit the lottery hearing them announce that they are on one. saying you're "wisely invested" sounds better.

'

never heard of biggie smalls, but i'm sure your family and friends will be leaving you alone to enjoy your money by yourself. you are a cheap miser. your family and friends if you have any will be avoiding you like the plague. it won't take long before they start making excuses to stay clear of you if you don't throw them a bone now and then.

Sounds like a case of  "mo' money mo' problems" 

I will deal with that after I win.

Got my ticket for tonight.  Yep, only one.

Same here. These days, I only buy extra tickets if i win a lower tier prize. I spend $10/week on lottery games buying Powerball, Megamillions, Lotto, and Easy 5 twice a week. If I win a lower tier prize, I usually buy an extra of either the game that won it or one of the other games if there's a higher than normal jackpot.

I rarely buy extras out of my own pocket anymore.

I got my one QP ticket for tonight as well.

I bought 2 PB tickets for tonight with the $4 I won with my one Wednesday ticket.

Whether billionaires use the term "budget" is not the issue. Budgeting is a process everyone does if you want to keep your money. If you make a billion and spend a billion, you are out of luck. Budgeting is simply tracking what you spend vs your gains.

Glad you won something zephbe!  I bought one @ the store, and three more @ home...just want the $2 million and show all these LP naysayers and Sister how to manage money!!  There are very many more positive comments on LP than negative ones though...

you're wrong again. it's actual saying of the word "budget" that would be offensive to someone hearing it from a powerball winner. not the act of actually doing it, privately. you cannot use that word verbally without a person or even a relative thinking or saying under his breath " a budget, oh brother, he needs a budget like like i need a new hole in my shoes". i've know this guy or have been related to this guy forever and you'd think he could be a little more generous with his "lucky" turn of events here. i think i'll be hanging out with my poorer friends now, at least they're not throwing that "i'm on a budget" story at me."  unfortunately winning one of these is going to cause resentment and jealousy and while no one is obligated to dole out money to friends and relatives it's the only way you can retain them. you have to buy your friends or they will eventually drift away. and thanks for defining the word budget for me. i didn't know what the word meant. why do you think they have "budget rent-a-car", "budget hotels" and all you can eat buffets for the budget minded. it's used for people looking for a bargain or it's because it's all they can afford.

Well, when I wi I'll tr not to spend more than 500k a month,

a little excessive but that's more like it. you can't take it with you, let your kids win their own lottery. you know <snip> well how irresponsible they are. so you know they're going to rip through it after your gone. so protecting every nickel so you can leave it to them may not always be wise. in some cases, yes, but usually not.

This morning, I asked for 2 mega and 2 PB. The cashier gave me 2 PB and another 2 PB. He asked if it was okay and I was too big of a weenie to say no. Worse, one of the line numbers is 14, 15, 16, 17. LOL

I hope the Powerball Jackpot continues to roll until someone hits the largest jackpot in United States history.

They didn't put the location where the ticket was sold which would indicate that it is somebody who bought an E-Ticket off the MSL official website.

Nope, more like around 2009ish.  They were 4 point something percent back in 07.

All lottery winners need a budget no matter how much they win.  This Powerball jackpot isn't going to make anyone rich by any means, just upper middle class I'd say.

Good luck to you mein Deutscher freund...forgive my bad German.  Viele Glueck!!

My co-worker Nurse posted on FB that she did get my Season tickets for MM & PB from the Massachusetts State Lottery.  She didn't mail them, so will give them to me in person next week.

A former co-worker received her check to play the California MM * PB for five weeks for me.

This week was a post from someone who needed one of those plastic play slip things.  Send me a private msg with your address and I'll send one.  I've searched posts all day trying to find out who posted it and no luck there.

Good or should I say great Karma to all LP members with this and all lotteries.  Way to go 333!

So you're saying that anyone winning this $333 million jackpot isn't going to make anyone rich by any means? What planet are you from? The only logical scenario to your statement is if a thousand people split the winning jackpot.

The cash value is $237 million and even if the sole winner was in a heavily taxed state like NY their net take home is still over $110 million. Did you realize that it takes a net worth of $20 million to be in the top 0.1%? Even a net worth of $8 million will put you in the top 1%. To be inducted into the top 1% in annual earnings you need to have an AGI of $435k.

I have my tickets too.

I normally get only quick picks, but this time I used the lottery number "Quick Picks Generator" found at https://www.lotterypost.com/quickpicks

You can find it by clicking the link or under the "SYSTEMS" tab and it's the third from the bottom. Just tell it what game you want number for and how many games.

POOF! instant numbers....hopefully, winning ones at that. 

No, they would only be rich if they left the US and went and lived in Panama, Belize, etc that doesn't have an insanely high cost of living.  $110 million isn't going to go very far here in the US.

Then again who among us has experience with the large amounts of cash we're talking about here?

According to this article in FORBES: 

http://www.forbes.com/sites/janetnovack/2013/03/23/tax-on-320-million-powerball-jackpot-millions-more-than-in-2012/#7018de67471b

As for state and local income tax, since California doesn’t impose its highest in the nation 13.3% state income tax on lottery winnings, the Big Apple AAPL +0.38% has the distinction of taking the biggest bite out of  its own Powerball winners. New York City residents get hit with an 8.82% top statetax on income over around $2 million per couple and a 3.88% city levy on income over $500,000, for a combined top 12.7% rate.  Their only consolation: State and local taxes are deductible from federal taxable income. Unfortunately, as part of the fiscal cliff deal, a sneaky provision that gives a haircut to the value of deductions claimed by the better off came back. Bottom line: according to calculations by Gerald T. Prante and Austin John of the Lynchburg College School of Business and Economics, if a New York City resident wins the jackpot, he or she will end up paying at a top 48.5% combined federal, state and city rate

So...that would mean I would be left with 51.5% of the proceeds from a lottery win.

So...$237 mil cash value x .515 = $122.055 mil

Even after splitting 50/50 with my brother (if he wins he will split with me) we would each get approx $61 mil after taxes.

I think I could survive on income from interest and investments for quite some time. 

 Asset Protection must be in a winner's future.

The calculations by the Business school experts are wrong.

Top Federal rate 39.6%, NY state tax 8.82%, NYC tax 3.88% =52.7% and not 48.5%.

I am not even sure how they came up with that number as nothing added up.

Bottom line is that if you had the sole winning ticket this evening, you and your brother would split over $112 million which isn't bad at all.

Holy cow, I have heard everything now.   ONE HUNDRED TEN MILLION DOLLARS ISNT GOING TO GO VERY FAR HERE IN THE U.S.  ARE YOU NUTS?  Give me $110 million and I will guarantee, I would have a great life along with my family and others I choose to share it with.

Although I do not agree with you on most everything, this last post of yours has earned you the moron of the month.  Go back to La La Land.  What a waste of time.

You're either failing to grasp reality, wildly optimistic about the investment potential, or expecting to die before too long. Lower taxes could help, but with a conservative interest rate of 3% and planning for inflation of 3%, spending $6 million the  first year and spending the same inflation adjusted amount in following years would leave you broke in 17 years. Just spending an even $6 million every year would stretch things out for a whopping 22 years before going belly up, but your spending power would go down every year.

 Have you noticed how waistlines do expand on some winners? More food is available to the winner's family.

The top Federal rate is 39.6%, NY state tax is 8.82% and NYC tax is 3.88% ...all true, but NYS and NYC taxes are deductible on the federal return of a NYC resident reducing what they will owe to the IRS.

Taxes calculated on $237,000,000

NYS @ 8.82% = $20,903,400

NYC @ 3.88% = $9,195,600

Total NYS + NYC taxes on $237 mil = $30,099,000

Now subtract $30,099,000 from $237,000,000 and the remainder is $206,901,000.

The federal tax for a person who lives in NYC would be taxed on the total amount ($237,000,000) less a deduction for state and city taxes paid ($30,099,000).

39.6% of $206,901,000 = $81,932,796

Add $81,932,796 to the $30,099,000 paid to NY State and City for a total of $112,031,796. After subtracting $112,031,796 from $237,000,000 that New Yorker will end up with approximately $124,968,204 after all taxes.

$124,968,204 represents 52.7292% of the original $237,000,000

Yes, when you add NYS, NYC and federal tax rates together, you get 52.3%, but after taking the SALT deduction on the federal return, the effective tax rate becomes 47.2708%

The above calculation is done without the benefit of any other deductions and is an approximation.

1 Percent = High Class

19 Percent = Upper Middle Class

Rest 80 Percent = Middle and Low Class(Majority in Low Class and not a huge difference between Middle and Low class like Middle and Upper Middle

Isn't the Federal 25%

The annuity jackpot at drawing time was raised to $335,500,000.

Using the same percentage of 237/333 I figure that the cash amount should be about $238,779,279

Just my $.02 but some of these rambling discussions about taxes on jackpots not won, etc...can be entertaining but remind me of a passage in one of Mario Puzo's books. (It was about writing the Godfather).

He was in an Army hospital in WW II and was in a ward for those who had head wounds. One day one the patients started telling everybody he had a million dollar idea and asked everybody else in the ward what they thought about.

Most said they thought it was a good idea but then this one guy said, "Let's go ask in a different ward where every body didn't get hit in the head."

YMMV

$361m

When MM rolled from 333, it increased to 363. Powerball costing twice as much should have meant a roll to 393. It'll have a MM style slow roll upwards until somebody in a rural area of a small state somehow grabs the sole winning ticket. I'm gonna sit out until it gets over 430, it can't win lower then that.

You beat me to the punch by 3 hours.  Climb baby, climb!

  I figured it'd roll over .... heres to Wednesday's Drawing

may she roll a couple more times

You are absolutely correct.

PB has more players per state/territory than MM

1. could be player fatigue
2. the media is not hyping it up (I didn't see any lines)

What about $400 million after Wednesday?  I've been wrong this time too, thought it would be $363 million.  Knowing MUSL it'll be a tad below the 400 mark.

Uhh no, I'm not crazy...I just plan on not going broke when I win lol.  Yes, $110 million is not much to live on for the rest of your life if you're a younger person.  If I were 70 years old, sure no problem.  At my age I'd probably not feel really financially comfortable unless I won some record shattering jackpot that netted me $1 billion after taxes.  It's not the 1950's anymore, you can't buy a nice home for $30,000, or a nice car for $5,000.

  I saw a few nice places this morning  on the water for under $140k this morning for a couple of acres

and i've posted a few decent cars for less then $10k of course these aren't as nice as brand new

this may not be the 1950s ... but for the 21st century you can find a few bargains if you look hard enough

 A Californian who cannot successfully live off  $151 million will need help. Both financially and mentally speaking. He/She can afford it. 

 Asset Protection will be the important thing in the winners' life. 

 Take your time in cashing your winning ticket in. Get all your ducks in a row.

 Life will be sweet for the LP member who wins!

$110 mil is not a high amount compared to some of the bigger jackpots.

Let's just say that someone in their 20's won. And let's just say that they lived 60+ or more years. They would be able to live on just under $2 mil / year.

Now that nobody won, the cash after tax amount goes to approx (depending on the state you live in) $131 mil. That same 20 something person could live on just over $2 mil / year.

Remember, the above amount does not include any additional amount from interest or investments. Hopefully the winner will not squander their new found riches and invest wisely.

With that amount, you can buy a nice house and nice car(s) and share some of your good fortune. 

If the low amounts of the turn overs are due to depressed interest rates, how does one explain that on Jan 2 the pot was $355 million, on Jan 6 $524 million, and on Jan 9, $949.8 million? Now, I know the last one was due to lotto fever but the jump from $355 mil to $524 mil is quite a leap. 

What about the interest that $151 mil will be earning?

If you invest wisely,the money will grow just as if you took the annuity payments. The money isn't just going to sit in your basement and do nothing for all those years to come!

yes, you are certifiable crazy. what's wrong with winning 110 million at any age. if you're young you can continue to play (please don't say no one wins twice) for years and actually afford to play every lottery you can get to if you so desire. the idiots who don't play because it's not enough should be banned from playing if that were possible.

Incredible difference you've pointed out there. Were the January increases all due to news media hype that isn't occuring now?  Do too many people feel burned from over spending in January, so they cut back greatly on lottery buying? Did everyone figure out how bad the odds really are?  Too many people sitting out because they haven't heard the B word yet?

How many grad school physch majors will do their thesis on "lotto fever" this year?

Just wait till the Fed starts experimenting with negative interest rates like Japan has, you'll see cash values barely budge anytime there are rollovers with MM & PB.

Let's say you win $110 mil. Spend $10 mil on a house and round the world trips. Invest the rest at just 1% and your living on a million a year without touching the principle for the rest of your life. If inflation goes higher, you should be able to increase investment returns to keep up.

If you look back at the Powerball payouts from just a few years ago, you will see that the cash value to annuity ratio was about 55% compared to now where it is about 69-71%.

This means that if the cash value of the current jackpot ($250.3 mil) was figured at the same ratio from a few years ago, the annuity jackpot amount would be advertised at about $455 mil and not $361 mil.

The average lottery players may not get as excited over a $361 mil jackpot compared to when it was over $900 mil to $1.6 bil., but us regulars know the difference with cash value vs annuity.

It's us, the regular players, that religiously buy their tickets that feed the jackpot amount.

Right...I could blow $110 million in 3 months or less if I really wanted to...couple of mansions, a fleet of $250K+ cars, a jet, a yacht, lavish gifts to friends and family & POOF $110 mil gone!

Living a middle class lifestyle at most is the best way to go for lottery winners if they don't want to go broke.  buying a $500,000 home and a $50,000 car would make me worry about overextending myself even on $110 mil after taxes.

The cash value only got bumped up $13.3 million which is the lowest jump since when the PB went from $184 to $203 and featured a $12.9 million increase. During this latest rollover the annuity value jumped up $28 million when in reality it should have been $18 million to keep pace with the ratio from the previous draw.

This is the reason why I only pay attention to the cash value because the Annuity is just a mythical number to me.

That 1% interest rate is only if you put your money into a ordinary bank account.

There are other ways of earning more than 1% on your money. CDs, bonds, stock market, tax-free muni bonds, etc.

That is why whoever wins needs professional financial advice. After all, you don't want to put all of your eggs in one basket!

If that's the case I would really cringe to see your current living conditions.

I am glad no one won. I broke my ankle Friday night and could not get out the house to get a ticket.

I live well below my means, but I have $0 debt!  I have a modest place that works for me, but I've lived in worse conditions.  I lived out of a car by choice for close to a year just so I could save $20K to put down on a place to live.

OUCH!

Feel better soon

I don't disagree.  With some smart investment advice one could do much better. My point was even at conservative, no brainer rates, 100 million would mean easy street for someone.

$250.3 Million Cash!

That sounds mighty fine to me!

Get Well Soon!

who is idiotic enough to buy all that crap. i know some have done it but most have caught on that you can't or shouldn't even if you can. i guess you wouldn't so 110m should tide you over just fine. and those concerned about the cash value not rising fast enough. well, less people playing due to fatigue or whatever means less tickets out there that can beat you out of it. the greed on here is incomprehensible

sure you did. if the village idiot was an elected position you would win in a landslide.

summer slow down....

Interest seems to pick up again around the holidays when the powers that be have us all day dreaming about a bountiful thanksgiving, Christmas or new years

For now, I am fatigued by all these jackpots and their slow rise....and that is saying something. I am a die hard-committed player.

I am sticking to my advance play tickets for now. If it gets to my "new" threshold of $650 million.....I will then start adding a line or two. Until then, all I have to really pay attention to is the date my tickets are up so that I can make my drive to the nearest anonymous state (Ohio.....for me) and  repeat that after every 10th draw.

Life has its ups and downs.

I remember a time when my parents decided to cut waaaaay back because of the financial stress the family was under. It was all good in the end.

Cutting back meant not selling their house to keep rent coming in. Moving in with my mothers parents and consolidating their expenses to only what is necessary. 

jjtheprince.....a prince after my own miser (when the time calls for it) heart   

No way!  I plan to become famous if I'm a winner.  I will go down as being the most frugal and successful winner of all time.  I will be the opposite of David Lee Edwards or Jack Whitaker.

Wow! I'm surprised that Todd has not updated this story yet with the new jackpot!

If I were Todd, I'd be @ the beach and not worrying about updating the Powerball for the time being.  He'll get around to it, because as we all know, Todd rocks!

you just got elected to another term. you can be frugal as you want without money. why bother to try to win this if you are planning that. you would receive more negativity by hoarding if anyone actually cared or bothered to know than if you reacted normally. spending, but not overspending.

he's waiting for it to move up a position on his lifetime lottery jackpot standings. can't wait to see if it gains 1 or 2 positions especially on that annuity list that no one ever takes.

Why would hoarding bring negative publicity?  If anything people would say "Wow that guy has it right, smartest lottery winner ever!"

I'd need to hoard because I'm not old like most winners who receive sweet government freebies like Medicare and Social Security.

Freebies from Social Security?  It is a non-government funded entity and I intend to start getting mine once I turn 62.  Please don't call my military retirement a freebie either.  Please and thank you.

Military retirement?  Yeah not exactly a freebie, but you apparently won the job lottery.

Very few people have a good retirement like that.

I was very fortunate @ the time they the Army only allowed to Respiratory Therapists early retirement--me being one of them.  This was back in '97.  Part of the deal was if I wanted full retirement I could only work in an approved not for profit place, not a government/VA job type.  Mine was approved and have been working in a sad place for kids called a PICU.  I was blessed that though i work for a very very major hospital chain in Louisville, KY they approved me for heart surgery @ my beloved Cleveland Clinic almost six years ago. 

I have never used the VA but will for the interim in 17 months when I have my last retirement.  Also never go to Ft. Knox either.

My parents instilled a very strong work ethic and have worked in some degree for fifty years. 

What scares me is the 'younger generation' that I witness has little work ethic and want things handed to them on a silver plate.  My parent's four kids worked for what they wanted, not just given things like I see so many kids these days.  It is definitely a different world out there, but since it doesn't directly affect me...who cares?

Forgot one thing, I get my full retirement @ 62, like another 4.6% due to working in a not for profit job.

They aren't freebies, they're Socialism.

The over 35 crowd have had everything handed to them on a silver platter, and yet they complain when the young want 1/100000 of what they got.

When the jackpot was reaching 1B. There were long lines of college students buying tickets which was surprising to me. Also, don't forget all the people who were crossing borders from the north and south and folks trying to buy tickets from overseas online.

I wish everything was handed to me on a silver platter!  when I win the lottery that may be my first purchase.--a silver platter...LOL

Basically in life there are three types of lotteries...

1. The job lottery
2. The lottery game (MM, PB, other)
3. The government freebie lotteries of social security and Medicare.

Some lucky <snip>s have won all three...I haven't won any of them. LOL

  LOL... What a great idea

Boy are you delusional.

You weren't around when I was your age. How do you know what my generation had handed to them?

Making generalized statements like that just shows you're still wet behind the ears and have a lot of growing up to do.

Social Security and Medicare aren't freebies. We all pay into them our whole working lives. After paying into Social Security my whole life, you can bet I want some of that money back.

Because we have data and statics showing what life was like in 19XX. You enjoyed sensible tax rates, a working sane government, strong unions, etc etc.

Welcome to Socialism. Everyone pays in, and everyone gets the same thing back.

I know someone that was handed a silver platter and now he eats from paper plates. He blew over 100k loaning money because he thought these people were his friends. He follows my advise now.

True enough; now let's get a history lesson and say which President started all this.  Not in recent memory and none of us were alive then (most likely).

Sorry, only just now saw your post! No worries, Good luck to you too. This draw I didn't win anything. I'll wait for friends to visit family in the states for my entries, butler services charge triple, ouch.

According to the rule of 72 you'd need an interest rate of 3% to cancel out inflation. 

I think I can live 50 years on 6M$ a year. 300M$, should be enough. And that's if you continuously spend.

Yep it's possible to go broke after having lots of money:

I didn't have a single # on three tickets.  Just under five weeks to go for my Megamillions season ticket to expire.  Can't wait to get the new ones which will be good for a year.  Now if I'd stop playing for a whole year that would be ideal.  Can't help myself when the jackpots get high.

 Go to YouTube and type in, "Professional athletes who have gone broke". I almost want to cry with them.

Well professional athletes are a lot like lottery winners in that they can't "make" tons of money over and over year after year until they die.  A lottery winner will likely only hit one big jackpot in their lifetime.  The NFL is so brutal on the body that most star players are lucky to make it 10 years playing actively.

On the other hand you have people like Bill Gates and Taylor Swift who will still be earning tens or even hundreds of millions per year when they are 95 years old.

jjtheprince, Some athletes develop entourages who follow them around. Athletes are in a predicament in that they do not want to discourage their fan base. 

 You are correct about the brutality of the game. 

America is wonderful with people like Bill Gates and Taylor Swift.