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Mega Millions sets world record with $1.6 billion lottery jackpot for Tuesday drawing

Topic closed. 503 replies. Last post 4 years ago by Coin Toss.

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dpoly1's avatar - driver
PA
United States
Member #66139
October 16, 2008
1998 Posts
Offline

I didn't stand in line for the last drawing & I won't stand in line for Tuesday's drawing!

I have my tickets!

Good luck to all LP Members!

How high will it go!

If I win I will stand for Truth, Justice & The Curmudgeon Way! US Flag

Dance

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

 

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

    benjibanks's avatar - Lottery-062.jpg
    Los Angeles
    United States
    Member #187096
    January 12, 2018
    70 Posts
    Offline

    Wouldn't it be a wise move to take the annuity? I mean,we are talking about a $700 mill difference here which by itself is astronomical. The first cheque itself would set you up for many years,so why bother about getting the cash option?

    There are risks either way.  I would be tempted to go for the annuity but would probably go for the lump sum.

      BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
      Florida
      United States
      Member #61433
      May 22, 2008
      1228 Posts
      Offline

      Holy Bazinga Batman, THIS is some life changing amount of money!  As if $1,000,000,000.00 wasn't.  LOL

      This sucker might even be $1.8 before the day is over?!?!

        benjibanks's avatar - Lottery-062.jpg
        Los Angeles
        United States
        Member #187096
        January 12, 2018
        70 Posts
        Offline

        If you took the annuity and then developed residency in Puerto Rico or Saipan, would you still have to pay federal taxes?

          Groppo's avatar - cat anm.gif

          United States
          Member #162624
          January 7, 2015
          780 Posts
          Offline

          Holy Bazinga Batman, THIS is some life changing amount of money!  As if $1,000,000,000.00 wasn't.  LOL

          This sucker might even be $1.8 before the day is over?!?!

          .

          Precisely Robbin

          New crime computers for the Batcave . . .

          New Batmobiles . . .

          • Don't chase the numbers you play.
          • Play only numbers you've already played, plus however many random picks.
          • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                     (so far, though, I've yet to win any significant lotto prize)
          • Oh, but always know where your tickets are, as well as your ticket's deadline.
            Kyle7824's avatar - Lottery-042.jpg
            Greenville, NC
            United States
            Member #157294
            July 14, 2014
            5554 Posts
            Offline

            Wouldn't it be a wise move to take the annuity? I mean,we are talking about a $700 mill difference here which by itself is astronomical. The first cheque itself would set you up for many years,so why bother about getting the cash option?

            I would not want to depend on any one who has to keep up with that amount of money year after year...

            Somebody has to keep up with your current address, would you want a check for $20,000,000 or whatever just sitting at the post office? Hell no, stuff gets lost to...(Envelopes) give me the cash now, it’s not worth the hassle...

              BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
              Florida
              United States
              Member #61433
              May 22, 2008
              1228 Posts
              Offline

              I would not want to depend on any one who has to keep up with that amount of money year after year...

              Somebody has to keep up with your current address, would you want a check for $20,000,000 or whatever just sitting at the post office? Hell no, stuff gets lost to...(Envelopes) give me the cash now, it’s not worth the hassle...

              They can wire the money, but yea...show me the money.  Sadly I do not have enough total faith in our gubbmint to let them dole out the money over many years.  I also believe I can grow it faster.

                zephbe's avatar - animal butterfly.jpg
                South Carolina
                United States
                Member #77165
                July 15, 2009
                896 Posts
                Offline

                Wouldn't it be a wise move to take the annuity? I mean,we are talking about a $700 mill difference here which by itself is astronomical. The first cheque itself would set you up for many years,so why bother about getting the cash option?

                I agree it would be wise.  But large amounts of money make some people think they are smarter than they really are.

                Every champion was once a contender who refused to give up.-Rocky Balboa

                “Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar

                  sully16's avatar - sharan
                  25
                  Ringleader
                  Michigan
                  United States
                  Member #81738
                  October 28, 2009
                  99782 Posts
                  Online

                  Good luck everybody, got a good feeling.  Hyper

                  Happy National Almond Buttercrunch Day. Hyper

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                    Mt Sterling, IL
                    United States
                    Member #192745
                    October 8, 2018
                    199 Posts
                    Offline

                    Just think: The odds of NO ONE winning Tuesday's jackpot will probably be about the same as the odds of SOMEONE winning the $40M jackpot, but sometimes, rarely, but sometimes someone does win that 1st jackpot... So what if?

                      Groppo's avatar - cat anm.gif

                      United States
                      Member #162624
                      January 7, 2015
                      780 Posts
                      Offline

                      I would not want to depend on any one who has to keep up with that amount of money year after year...

                      Somebody has to keep up with your current address, would you want a check for $20,000,000 or whatever just sitting at the post office? Hell no, stuff gets lost to...(Envelopes) give me the cash now, it’s not worth the hassle...

                      .

                      Kyle, please re-consider that decision.  If something gets lost or mis-sorted at the post office, the check, should be direct-deposited, anyway, to your account. 

                      But the annuity could be a viable option.  (I'm still thinking like a poor person, which is what I am.).
                      I could set up donation investment accounts, for things like Wounded Warriors to St. Jude's.

                      • Don't chase the numbers you play.
                      • Play only numbers you've already played, plus however many random picks.
                      • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                                 (so far, though, I've yet to win any significant lotto prize)
                      • Oh, but always know where your tickets are, as well as your ticket's deadline.
                        brees2012's avatar - animal whale.jpg

                        United States
                        Member #125171
                        March 26, 2012
                        297 Posts
                        Offline

                        The Jackpot Analysis "Cash" State payout net , is that right, this that the true amount ? 

                         

                        I am 100% ready to win the Mega Millions !!! 

                        Along with my solid plans !!!

                        Ready To Win ....

                          Avatar

                          United States
                          Member #180546
                          March 12, 2017
                          240 Posts
                          Offline

                          I think at this point I’d do the annuity.  The idea of getting paid pretty big $ steady every year sounds nice.

                            music*'s avatar - DiscoBallGlowing
                            Fresno, California
                            United States
                            Member #157849
                            August 2, 2014
                            3959 Posts
                            Offline

                            Annuity.  Remember inflation and taxes. They could both go up and up for over thirty years.

                             I would talk to prospective money managers, CFPs Certified Financial Planners, and other Financial Advisers. 

                             "We are all in this together!" 

                              Original Bey's avatar - Lottery-022.jpg

                              Bahamas
                              Member #133456
                              September 30, 2012
                              7141 Posts
                              Offline

                              "Do everything you can. Then, leave the rest to luck."

                                 
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