I bought my tickets, how about you?
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I bought my tickets, how about you?
Wha?
nope not yet....that shit is sick though......177.5 million lump sum then take taxes out and your lookin at a 100 mil take home........cha ching...think id pick myself up a 1000hp twin turbo c6z06 then run around picking on ferrari's and lambos..hehe
i'd take the installments, you get way more in the long haul
course i'd have to see the numbers, but i know the payments get u more money
its over 20 yrs.....how much is that same million worth in 20 yrs??????? gimmie it all now and ill invest it as i chose.......be worth more in the long run
I've only bought lottery tickets once, reluctantly. My girlfriend turned just eighteen and wanted to get some, so I gave her two bucks and she bought one for each of us. We didn't win anything, but she didn't care, she was more pissed at the fact that the guy DIDN'T card her :jerkit:
+1
The net present value of the lump sum payment and conservative return on investment is higher than the npv of the annuity 99 out of 100 times (estimated).
It is also my understanding that if you opt for the annuity the payments can not be left as an inheritance to you heirs.
I would rather have it one lump sum. I may not live 20 more years. ;)
Found this.
Quote:
The estimated cash value of this jackpot is $212,574,710
This represents the sum of the first annuity installment, plus the current market value of government securities required to fund the remaining 25 installments, as of 3/5/2007 at 11:30am
Upon claiming the Mega Millions jackpot, the prize winner is given the option to receive the prize winnings in a single cash payment. The gross cash option will represent the sum of the first annuity installment plus the net proceeds from the sale of the government securities originally purchased to fund the annuity prize. Government securities are susceptible to financial market conditions; therefore the amount that is actually realized may vary from the amount originally invested, especially with the passage of time. As a result, the risk of loss rests with the prize winner.
I spent $650 back in '98 trying to win $255,000,000 on the Powerball lottery. I'm still pissed at myself for that. I could have purchased some decent bolt-ons for that.
Anyone know why they call it "The Lottery"?
Because calling it a "Voluntary Tax on the Stupid" wouldn't bring in much money.
i bought thirty quick picks and a $20 dollar scratch off yesterday. won $50 off of the scartch off.
bought some also.
wont bring in much?
one dollar could win you 330 million.
now take about 60% away for instant payout and taxes, and all of a sudden you still have more than a person will need.
id rather be taxed and walk away with millions than not play.
its more stupid not to play, one dollar wont break you, but it sure can make you