stupid lottery questions.

Reply #25

a2001kx — Sat, 30 Oct 2010 19:32:02 GMT

gotcha...will keep that in mind when i pull in a big jackpot

Reply #24

BobP — Sat, 30 Oct 2010 09:45:43 GMT

The Beverly Hillbillies did a great job answering these kind of questions. In other words, take your jackpot check to the Commerce Bank of Beverly Hills and deposit it with Bank President Milburn Drysdale.

BobP

Reply #23

Nino224 — Sat, 30 Oct 2010 08:37:07 GMT

CLASSIC

Reply #22

a2001kx — Sat, 30 Oct 2010 08:26:53 GMT

now a trillion just might be enough

Reply #21

TheGameGrl — Sat, 30 Oct 2010 06:17:00 GMT

Claim and cash in hand are two separate actions. Each carrying separate time frames. ...

So no, do not quit your day job if thinking the next day you are rich, you arent rich til the money /funds are officially in your account and cleared for transactions...(unless you were way rich before hand...then you probably werent really working anyways

Reply #20

KY Floyd — Sat, 30 Oct 2010 00:22:02 GMT

So, for 2-3 weeks, you're broke, especially if you quit your job?

If you win a jackpot somebody will be glad to loan you a few bucks while you wait for the money. IIRC, when Jack Whittaker won about $113 million (cash value) the WV lottery cut a check for $10 million before he left, and I think he claimed fairly soon after the drawing.

Reply #19

KY Floyd — Sat, 30 Oct 2010 00:13:35 GMT

Q.) how much space would 100 million dollars take up? in $100 bills. A.) 39.9 cubic feet. Including the pallet itself, the stack in Badboy'spicture is a hair under 3.5 feet on each side, and 4 feet high. As an alternative, you can keep it in a couple of old refrigerators, and still have room for a case of beer

Bonus answer: 2040 pounds, 13 ounces.

I'm assuming that you're fastidious and the money is spottlessly clean and has been vacuum packed.

Reply #18

badboy00z — Fri, 29 Oct 2010 20:16:44 GMT

Here's a few diagrams:

A packet of one hundred $100 bills is less than 1/2 thick and contains $10,000. Fits in your pocket easily and is more than enough for week or two of shamefully decadent fun.

Believe it or not, this next little pile is $1 million dollars (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.

While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standar... [ More ]

Reply #17

gonnawinwatchme — Fri, 29 Oct 2010 18:33:54 GMT

Welcome to the boards, OP. First of all, don't let nay-sayers get you down. yes, the odds aren't in your favor, but someone has to win! Why can't it be you (or me)? Think positively!

Second, does it really take 14-21 days to get your lottery winnings? Really? Gosh, I feel like a moron. Everytime i visualize or daydream, I just assume I'll walk out with a check!! So, for 2-3 weeks, you're broke, especially if you quit your job

Reply #16

time*treat — Fri, 29 Oct 2010 16:51:26 GMT

Nah, it's from when Pac finally got his pi tic-tac-toe systems working.

Reply #15

a2001kx — Fri, 29 Oct 2010 16:23:55 GMT

i can see the pic when i reply but cant see it on the forum.

i think i remember seeing that pic before...was it from a drug bust

Reply #14

Bagent — Fri, 29 Oct 2010 11:09:57 GMT

As for your questions -

1. what ever bank that you want to deposit it to. Don't know of any who would cash a check that size.

2. see answer above

3. I am surprised to see no one posting this photo of $250 Million.

4. Depends on the type of account/CD/investment that you can find.

Reply #13

TheGameGrl — Fri, 29 Oct 2010 03:19:02 GMT

So really he should invest in the TimeTreatSully Banking system which will always show interest in the money! *wink

Reply #12

time*treat — Fri, 29 Oct 2010 02:42:32 GMT

Under varying circumstances, anything can affect your winnings -- war, inflation, executive order, legislation, comet impact.

The lottery going bust won't hurt you. They don't hold onto your annuity money, there are investment firms for that.

Reply #11

TheGameGrl — Fri, 29 Oct 2010 02:24:19 GMT

your friend is correct. You are not guaranteed if annuity is forecasted. TEchnically they are to have secured funds to back up the annuity but the economy /market determines that.

Because you are from PA and I will presume you will claim in this state, we are most definitely borderline for the state going bankrupt or claiming a freeze on accounts....The Governor carries the right to freeze certain departments and the Dept of Rev that manages the PA lottery is just as easily a target for budge... [ More ]

Reply #10

a2001kx — Fri, 29 Oct 2010 02:14:23 GMT

thanks for the answers.

like i said earlier..i hope i have these problems to worry about someday.

also i was talking to a friend of mine and when the powerball was $100+ million he said he would take the cash and i would take the annuity.

he said what if the lottery went bankrupt and you were getting annuity payments... is that possible and would your winnings be affected if they did go belly up

Reply #9

TheGameGrl — Fri, 29 Oct 2010 02:01:12 GMT

Welcome to Lottery Post! Hope you find these forums useful for game stradegy or just some feedback.

1: Banks require electronic transfer when dealing with amounts over 250,000. Thus the State lottery would have to do the transfer to a verified account within the United States. If from out of country winner, same rule applies it must transfer to a State account Held by an executor and then from there thru the International banking System.

2: Safes can be built and firproofed as well noted b... [ More ]

Reply #8

grwurston — Thu, 28 Oct 2010 22:47:09 GMT

I'll worry about that when they hand me the check.

Reply #7

TeAl*888 — Thu, 28 Oct 2010 22:26:51 GMT

here's one:

Q: How much does it cost to Insure the cash in your basement against Flood or Fire or theft?

A: Ask your local Mob member!

one more:

Q: Can you open your own Private Bank using the cash? and How much interest should be charged for the loans to local businesses and/or individuals?

A: Yes if you pay off the appropriate Judges and Politicians.. %20 and up

Reply #6

time*treat — Thu, 28 Oct 2010 22:25:53 GMT

You folks are fast on the draw.

Reply #5

Coin Toss — Thu, 28 Oct 2010 22:22:28 GMT

Re 1 above, A promoter in our area once did a project for a bank to generate new accounts. Someone was going to win an authentic Winchester 97 via a raffle of all those who had opened an account.

The promotion went over exceptionally well and about a year later he contacted the same bank and said he had a new idea for them.

He said that at that point the bankers told him that they didn't want that much new money coming in because after a bank hits a certain threshhold of actual cash on han... [ More ]

Reply #4

sully16 — Thu, 28 Oct 2010 22:17:34 GMT

Merger ALERT TIME*TREAT/SULLY16 ...24 HOUR CASH GUARDING SERVICE.

Reply #3

time*treat — Thu, 28 Oct 2010 21:55:07 GMT

Q1) where do you take a 100 million dollar check to be cashed/deposited?

A1) For deposits, I recommend Time*Treat First NationalSM.

Q2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?

A2) One of the major ones, but it'd be a logistical nightmare getting it to your house without drawing unwanted attention.

Attention is inversely related to speed.

Q3) how much sp... [ More ]

Reply #2

joker17 — Thu, 28 Oct 2010 21:49:47 GMT

1) Liquor store of course...where else?

2) It would take 5 business days to cash the check (Banco De Popular), and a newly built fortified basement

3)

4) 12

Reply #1

garyo1954 — Thu, 28 Oct 2010 20:47:52 GMT

Stupid Answers to stupid questions

1) You wouldn't cash it. You would deposit it and make withdrawals over time .

2) With $100 million you could build the basement the size you needed. Likely you wouldn't store cash. You would store diamonds or gold or coins. Paper...nah!

3) Depends on how you plan to store it. So you'd get that answer building the basement. (see answer to question 2)

4) Depends on where you deposit it or what you invest in.

stupid lottery questions.

a2001kx — Thu, 28 Oct 2010 19:52:12 GMT

1) where do you take a 100 million dollar check to be cashed/deposited?

2) if you wanted to have 100 million dollars in cash sitting around in your basement...what bank could cash that check for you and how long would it take to get the money?

3)how much space would 100 million dollars take up? in $100 bills.

4) how much interest could you collect from 100 million $

these are all problems i would like to have someday

-- also new to the board from PA