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Would you stop gambling if you win large amount of money?

Topic closed. 69 replies. Last post 4 years ago by helpmewin.

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How much would you need to win in order to stop gambling (after taxes)

at least 100,000 dollars [ 5 ]  [9.43%]
at least 1 million dollars [ 8 ]  [15.09%]
at least 10 million dollars [ 19 ]  [35.85%]
at least 100 million dollars [ 4 ]  [7.55%]
more than 100 million dollars [ 17 ]  [32.08%]
Total Valid Votes [ 53 ]  
Discarded Votes [ 3 ]  

United States
Member #116268
September 7, 2011
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Posted: February 17, 2013, 4:34 pm - IP Logged

No matter what I'd still play at the same amount I do now. The only difference is if I won the jackpot a second time - and I think I've said this on here before - I would anonymously gift it to someone.

Oh, if I have to wait for you to win a SECOND jackpot just take me off the waiting list.Green laugh


    United States
    Member #116268
    September 7, 2011
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    Posted: February 17, 2013, 4:36 pm - IP Logged

    If I were to win big, I'd move out of the US and go to a country that understands online gambling is a good idea, and gamble that way.

    Smile

    Not me. I like LIVE action. I would love to own a few ponies and be a heavy bettor.


      United States
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      Posted: February 17, 2013, 4:38 pm - IP Logged

      I figure the amount by considering historical worst case inflation and the number of years until I reach 90 and then I  calculate the after tax lump sum.

      As an example, using past inflation figures, If I were 21 and used 90 as an expectation then I would quit if I won $100,000,000 after taxes.

      My actual number, of course, is not that high.

      At  somewhere past 70 or 75 I'd probably just quit anyway.

      Anything can happen but this is as good a way to figure it as any.

      That sounds like over kill, unless you need $3-$5 million per year to live on?


        United States
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        Posted: February 17, 2013, 4:39 pm - IP Logged

        $10 mil would be enough for me to live out my days well on, so at that point Id quit.

        I Agree! (with the enough to live on part)


          United States
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          September 7, 2011
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          Posted: February 17, 2013, 4:41 pm - IP Logged

          Agree, if I won a good size amount I would still play mega and power and but down alittle more than I usually do and would have no problem puttin down a grand or so when the jackpot is huge!

          QPs or self picks?


            United States
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            Posted: February 17, 2013, 4:53 pm - IP Logged

            While you're still thinkin', Ridge, I've already gone out and started my own campaign....First thing this morning, I made a stop by my church...

            Dont forget to send a donation for use of the sign. Green laugh

            Riverside Baptist Church - Greer, South Carolina


              United States
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              Posted: February 17, 2013, 5:40 pm - IP Logged

              Let the good times roll. Yes Nod

                PlayToWin47's avatar - Lottery-041.jpg
                Joplin MO
                United States
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                January 28, 2013
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                Posted: February 17, 2013, 10:40 pm - IP Logged

                While you're still thinkin', Ridge, I've already gone out and started my own campaign....First thing this morning, I made a stop by my church...

                HeeHee ... That's funny!!!

                  Think's avatar - lightbulb
                  Marquette, MI
                  United States
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                  August 20, 2005
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                  Posted: February 18, 2013, 12:00 am - IP Logged

                  That sounds like over kill, unless you need $3-$5 million per year to live on?

                  It may sound like over kill to you but that is considering worst case historical inflation over 70 years.  Most people don't throw inflation into the calculation.  Who knows what inflation is going to be or what else will happen.

                  $100,000,000 after taxes for someone who is 21 is only based on past worst case.

                    helpmewin's avatar - dandy
                    u$a
                    United States
                    Member #106665
                    February 22, 2011
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                    Posted: February 18, 2013, 12:11 am - IP Logged

                    Let the good times roll. Yes Nod

                                                                     

                    Let it Snow Snowman