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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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columbia md
United States
Member #159420
September 25, 2014
19 Posts
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i knew you no one would hit last night am glad i only played  two tickets... i saw people buying 100.00 and up on tickets last night.. the guy at the seven Eleven was so tired saying the machine was constant printing tickets... it will be 2B BY Tuesday..

    benjibanks's avatar - Lottery-062.jpg
    Los Angeles
    United States
    Member #187096
    January 12, 2018
    70 Posts
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    I think at this point I’d do the annuity.  The idea of getting paid pretty big $ steady every year sounds nice.

    Its like you signed a top-level NBA contract for 30 years.  Westbrook makes 41 mil a year and his contract is for five years.  I would still take the lump sum for many reasons, including estate taxes.

      music*'s avatar - DiscoBallGlowing
      Fresno, California
      United States
      Member #157849
      August 2, 2014
      3959 Posts
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      Its like you signed a top-level NBA contract for 30 years.  Westbrook makes 41 mil a year and his contract is for five years.  I would still take the lump sum for many reasons, including estate taxes.

      I agree with your concern about estate taxes. A good Trust & Estate Attorney could fill you in on all the ways to look at the annuity. 

       You will have plenty of cash to pay for all the advice you need. 

       "We are all in this together!" 

        benjibanks's avatar - Lottery-062.jpg
        Los Angeles
        United States
        Member #187096
        January 12, 2018
        70 Posts
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        ^ I have been checking out Wealth Management firms, many seem to offer legal advice and trust creation services.

          Revolution777's avatar - moon
          New Member
          Boring Oregon
          United States
          Member #192984
          October 18, 2018
          79 Posts
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          57% of all combinations were covered yesterday!  43% chance it rolled, and that it did!  I think Tuesday's drawing will have 85-90% of all combinations covered! 

            music*'s avatar - DiscoBallGlowing
            Fresno, California
            United States
            Member #157849
            August 2, 2014
            3959 Posts
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            ^ I have been checking out Wealth Management firms, many seem to offer legal advice and trust creation services.

            Here in California, it is recommended that you create a Trust instead of a Will. I will create a Living Revocable Trust. A Last Will and Testament has to go through Probate. That is expensive and time-consuming.

             There is a YouTube video titled, Mrs. Trust and Mrs. Will  It compares the two.

             Legal advice may include asset protection services. You could become a target of frivolous lawsuits. 

             Enjoy your billions!

             "We are all in this together!" 

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              New Member

              United States
              Member #172773
              February 4, 2016
              4 Posts
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              Usually only get 1 ticket but I just got 5 for this historic event.  Big Smile

                music*'s avatar - DiscoBallGlowing
                Fresno, California
                United States
                Member #157849
                August 2, 2014
                3959 Posts
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                Like the Rapper Biggie says, "Mo money, Mo problems" 

                 "We are all in this together!" 

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                  Sweden
                  Member #153622
                  March 20, 2014
                  225 Posts
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                  15 lines + megaplier check!

                  Return of Lotto Investment, ROI: ROI 2020: 31% | 2019: 39% | 2018 50% | 2017 47% | 2016 12,6% | 2015 20% | 2014 20%

                  Return of Stock market investment: 144% (2017-2021)

                  Notable wins: Viking Lotto $1.152 - 2017

                    travelintrucker's avatar - morph
                    Greenville, SC
                    United States
                    Member #169863
                    November 4, 2015
                    387 Posts
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                    I'm shocked nobody won last night! I figure this thing will either go to 2 billion, people will cut back on playing, or people will stop playing in protest. I know that some people have won with the current odds, however, some may think you just can't win anymore and stop playing. Some may think the greed is ridiculous. As for myself, I'm cutting back and only playing 1 line for every 300 hundred million until I win. I figure this thing will at least go to 1.8 billion. So, I am only buying six lines unless I can get in a lottery pool.

                    May the balls bounce in your favor!

                      Teddi's avatar - Lottery-008.jpg

                      United States
                      Member #142493
                      May 13, 2013
                      1394 Posts
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                      Yup. 

                      That's my plan. 

                      Set up Family Office let them take care of everything at low risk investments 3-5% max. Have them hire couple of family assistants. So if someone in our family wants Michelin 3 star dinner in Paris with a view next Saturday, they make it happen. Wants a Luxurious Caribbean getaway, done.

                      I am still young enough at 40s and my wife at early 30s, have another child or two. Adapt few more and share wealth, do charitable stuff. 

                      Ah--- . Stupid amount of money but that would be great life. I look over Family office during the day and have a lot of time off...

                      A SFO for a low to mid level centimillionaire is an unnecessary waste of money. A MFO is a better option for a small family without a large yearly income stream from a secondary source. Because if you put $500,000,000 million under management, you'd have to shell out at least $5 million every year for a SFO. 

                      There are many boutique firms that do nothing but cater to the whims of the rich 24/7 so that even a MFO would be unnecessary. Have one of them handle things on the personal side of things, then hire a tax lawyer and CFA used to managing high net worth clients to handle things on the financial side, and you're set. Doing it that way wouldn't cost anywhere near $5M/year

                        dpoly1's avatar - driver
                        PA
                        United States
                        Member #66139
                        October 16, 2008
                        1998 Posts
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                        The store where I purchase my tickets has two lottery terminals and both were being used this morning!

                        I got my tickets from the secondary terminal and I am hoping for a change of luck!

                        Big Grin Santa There's still a chance for Christmas in October!

                        My financial plan is in place and ready to be implemented.

                        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
                          United States
                          Member #169863
                          November 4, 2015
                          387 Posts
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                          You forgot about Powerball.

                          May the balls bounce in your favor!

                            travelintrucker's avatar - morph
                            Greenville, SC
                            United States
                            Member #169863
                            November 4, 2015
                            387 Posts
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                            I wouldn't be surprised if someone started a lotto hedge fund.

                            May the balls bounce in your favor!

                              BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
                              Florida
                              United States
                              Member #61433
                              May 22, 2008
                              1228 Posts
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                              Interesting artcle:  https://www.nerdwallet.com/blog/investing/dear-powerball-winner-make-no-sudden-moves-until-you-read-this/

                                 
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