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EuroMillions at 130 million Euro's

Topic closed. 6 replies. Last post 8 years ago by DC81.

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United States
Member #26330
November 16, 2005
330 Posts
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Posted: September 24, 2008, 3:01 pm - IP Logged

That's quite a chunk of change TAX FREE!   I would like to be able to have a crack at that.     That comes to almost $200 million US.   Anyone know what the Powerball or MegaMillions would have to be for a $200 million Cash Option payout??  I think it would have to be over $500 million or so.. 

That would be awesome though.  To have $200 million tax free and be able to keep your privacy!  I would stick it in some safe investments (Very Low Risk) and head for the Bahama's!!! 

 

What would you do??

    crystaltips's avatar - Lottery-025.jpg
    London
    United Kingdom
    Member #58578
    February 20, 2008
    51 Posts
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    Posted: September 25, 2008, 3:45 pm - IP Logged

    That's quite a chunk of change TAX FREE!   I would like to be able to have a crack at that.     That comes to almost $200 million US.   Anyone know what the Powerball or MegaMillions would have to be for a $200 million Cash Option payout??  I think it would have to be over $500 million or so.. 

    That would be awesome though.  To have $200 million tax free and be able to keep your privacy!  I would stick it in some safe investments (Very Low Risk) and head for the Bahama's!!! 

     

    What would you do??

    I am from London and I am having a slice of that! It's 100.000 pounds! I am buying a house in the US if I win. I can't wait. I can't think what numbers to choose. The odds of winning are 76,000.00 to one.

     

    *dreams of coming to America if she wins!* :)

    "Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit." - R. E. Shay.

      JackpotWanna's avatar - squiz

      United States
      Member #4121
      March 23, 2004
      817 Posts
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      Posted: September 25, 2008, 5:26 pm - IP Logged

      WOW!  $200 Million and tax free.  Buy me a nice house and nice threads.  Eat like a King every day and exercise every night.  lol

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        23259 Posts
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        Posted: September 25, 2008, 6:45 pm - IP Logged

        <Moved to Jackpot Games forum>

        Please post in the appropriate forum ... thank you.

          savagegoose's avatar - ProfilePho
          adelaide sa
          Australia
          Member #37136
          April 11, 2006
          3300 Posts
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          Posted: September 25, 2008, 7:10 pm - IP Logged

          i hada look online to  buy euro mill tickets seems they wantme to buy 5 lines  thats a little pricey for me. a quick check if currency converters  shows its equal to $227 mill australian dollars,  almost a 1/4 bill in local scratch. :)

           

          anyhow  anyone here buy euro  million online and where do you get em?

          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

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            Northern Ohio
            United States
            Member #63551
            August 1, 2008
            203 Posts
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            Posted: September 26, 2008, 4:34 pm - IP Logged

            I live in Ohio, and your state may be different, but here's what I do to figure out how much I would get after the cash option and taxes:

            -simply calculate 40% of the jackpot.

            -in other words, 10% of the jackpot times four is what I do.

            So $500M is $50M (ten percent) times four=$200M after cash and taxes.

            The cash option of the MM jackpot is just about exactly 60% of the jackpot; federal taxes on the remaining JP are 25%; Ohio State tax is 5.75%. Local taxes are negligible.

              DC81's avatar - batman39
              MI
              United States
              Member #54830
              August 31, 2007
              985 Posts
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              Posted: September 26, 2008, 5:50 pm - IP Logged

              That's basically what I do, even though with Michigan the state tax is 4.35% I just round it up with the initial 25% to make it an even 30%. Then add the additional 10% to get what the taxes might end up being in the end.  It's a little higher than what the actual amount might be, but I'd rather over estimate than under estimate. A lot easier to do in your head too.

              You can't predict random.