Curious. What would the payouts be?

Reply #12

MADDOG10 — Sun, 10 Sep 2006 18:19:52 GMT

I think the Mega Millions has a good chance of reaching $200 Million considering the way the numbers have come up...

Reply #11

weshar75 — Sat, 09 Sep 2006 22:21:53 GMT

MM cash is usually 58% to 59% of the annuity so $370 million would be about $216 million cash.-weshar75

Reply #10

Just6ntlc — Sat, 09 Sep 2006 20:51:35 GMT

What would MM's cash option be if the MM Jackpot set a new North American record of 370 million with 1 ticket win it all

Reply #9

floridian — Sat, 09 Sep 2006 16:09:59 GMT

petergrfn:

Yes, I did fashion my tag line after the one used by the famous Mike Sexton, who is one of the hosts and I might add one of the people responsible for bringing the WPT (World Poker Tour) into the public view. He is a senior like myself and a great poker player in his own right. In fact, this year Mike decided to play some and messed around and won the Tournament of Champions. He began by winning one of the circuit events which gave him an invitation to the Tournament.

Mi... [ More ]

Reply #8

Todd — Sat, 09 Sep 2006 05:13:51 GMT

No apologies are necessary. It is an automated message to let people know why their message was moved.

Reply #7

petergrfn — Sat, 09 Sep 2006 03:43:27 GMT

Not yet but someday. At least a guy can dream.

Reply #6

guesser — Sat, 09 Sep 2006 01:33:26 GMT

I don't think I'd be calling JG Wentworth just yet.........

Reply #5

petergrfn — Sat, 09 Sep 2006 00:18:13 GMT

Thanks Floridian. Nice Tag line at the end! Did you get that from the No limit Poker show on tv? I like watching those. I'm pretty good I win a few bucks at our weekly poker game pretty often. If I ever get to Vegas I might have to enter a small tournement to see if I can get a seat. It would be awesome just to be in the Tournement but to win WOW. This year the prize was $12million. It grows every year next year it might be $15-17million not bad return if you can get in by winning a $20 small... [ More ]

Reply #4

floridian — Sat, 09 Sep 2006 00:10:02 GMT

petergrfn:

I beleive the payouts are more like this !!!! 63.6% of the prize pool. Example 400 million would render the claiment a cool $254,400,000 before taxes if the cash option was selected.

However, I think most Lottery Commissions are required by law to take out at least 25% before the claiment is cut a check. Any remaining IRS payments are the responsibility of the claiment depending on his or her tax bracket. SOOOOOOO that would leave a check cut in the amount of $190,800,000... [ More ]

Reply #3

petergrfn — Fri, 08 Sep 2006 23:04:47 GMT

Thanks weshar75. That's a nice chunk of change! I wonder how long it would take for the lottery people to come up with the money. I will be sure to post here the actual amount I recieve when I claim the record jackpot.

Sorry about posting in the wrong place Todd. I wasn't sure where it should go. A thousand apologies it will never happen again.

Reply #2

weshar75 — Fri, 08 Sep 2006 22:32:19 GMT

$390 million annuity jackpot for powerball would have a cash value of roughly $175.5 million in cash if it was at 45% cash value rate.-weshar75

Reply #1

Todd — Fri, 08 Sep 2006 21:51:30 GMT

Curious. What would the payouts be?

petergrfn — Fri, 08 Sep 2006 21:29:14 GMT

Now that both Powerball and MegaMillions are growing I was wondering(actually dreaming) what the actual payouts would be for a record jackpot. I doubt the jackpots for Powerball or Megamillions will get over $200 million this run, because I intend to win one or the other! LOL But seriously what would the amounts be for a record jackpot of $390/400/450/500 million be? I know it would never get that high but it's fun to fantasize.