OneBuckeye
Posts: 5,888
Mar 28, 2012 9:59am
Odds of winning the jackpot are 1 in 176 Million. So you could buy 2 tickets and still have pot odds.
http://abcnews.go.com/Business/mega-millions-jackpot-now-476-million-numbers-19/story?id=16017732
http://abcnews.go.com/Business/mega-millions-jackpot-now-476-million-numbers-19/story?id=16017732
gerb131
Posts: 9,932
Mar 28, 2012 9:59am
Just saw that. I got 5 on it.
OneBuckeye
Posts: 5,888
Mar 28, 2012 10:07am
The real question is would you take the lump sum or the payment
Lump Sum :
(approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.
Lump Sum :
(approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.
gerb131
Posts: 9,932
Mar 28, 2012 10:08am
Lump. Not even a tough decision.
OneBuckeye
Posts: 5,888
Mar 28, 2012 10:10am
I agree. I wonder what type of interest rate you could earn on your 180+ mil.
Belly35
Posts: 9,716
Mar 28, 2012 10:11am
At 62 years old I not sure I can hang on to 26 more years :laugh:. I take the money (lump) and run.OneBuckeye;1129914 wrote:The real question is would you take the lump sum or the payment
Lump Sum :
(approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.
Raw Dawgin' it
Posts: 11,466
Mar 28, 2012 10:12am
lump sum - with that kind of money i'd die within 26 years.
justincredible
Posts: 32,056
Mar 28, 2012 10:18am
Lump sum. No doubt.OneBuckeye;1129914 wrote:The real question is would you take the lump sum or the payment
Lump Sum :
(approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.
OSH
Posts: 4,145
Mar 28, 2012 10:22am
Yearly...probably.
gorocks99
Posts: 10,760
Mar 28, 2012 10:26am
Definitely lump sum. Even very conservative investing could get you a 2% return. That's about a cool $4m per year on $185m
mcburg93
Posts: 3,167
Mar 28, 2012 10:32am
Lump, cause more then likely I will be dead in a month from all the cocaine hookers and drinking Im gonna be doing. I dont want to leave any of it to anyone so will do the best to spend it all before I die.
Devils Advocate
Posts: 4,539
Mar 28, 2012 10:37am
When I win, I will send everyone
that gave me reps an IPOD 3
that gave me reps an IPOD 3
sherm03
Posts: 7,349
Mar 28, 2012 10:47am
I'd go lump sum. But that is not the real question. The real question is what is the first thing you do with your money?OneBuckeye;1129914 wrote:The real question is would you take the lump sum or the payment
Lump Sum :
(approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.
Fab4Runner
Posts: 6,196
Mar 28, 2012 10:58am
Lump sum. I am pretty sure the cash option for Friday's drawing is $340M. Insane. I bought my first ticket last Friday and then got another one yesterday. I am going to become one of those lottery addicts.
First thing I would do is pay off all my bills. Fuck off, student loans! Boring, I know. But whatever.
First thing I would do is pay off all my bills. Fuck off, student loans! Boring, I know. But whatever.
gorocks99
Posts: 10,760
Mar 28, 2012 11:00am
First thing I'd do is lawyer up. First thing I'd purchase/pay for with the winnings would definitely be student loans.
justincredible
Posts: 32,056
Mar 28, 2012 11:20am
I'd pay off loans and then hire people to do all the things we want to do to our current house. I'd eventually buy a new house, but I'd want to live in the ideal version of our current house for a while. Oh, I'd also buy a pound of weed and a bunch of pizza and invite all the OC stoners over.
sleeper
Posts: 27,879
Mar 28, 2012 11:31am
Why would people pay off their loans, especially their student loans? That would be one of the last things I do.
I'd donate almost all of it to The Ohio State University. Spend the rest trying to buy a piece of the Cleveland Browns. :thumbup:
I'd donate almost all of it to The Ohio State University. Spend the rest trying to buy a piece of the Cleveland Browns. :thumbup:
justincredible
Posts: 32,056
Mar 28, 2012 11:33am
Why not? One less bill to worry about. It's not like it's going to be any help come tax time anymore.sleeper;1129972 wrote:Why would people pay off their loans, especially their student loans? That would be one of the last things I do.
Belly35
Posts: 9,716
Mar 28, 2012 11:37am
With that much money....I fix up and put an addition to my present home, close my business, convert the warehouse into my personal classic car garage and pistol/rifle range, get a comdo in Chicago, and maybe one someplace else like Scottdale or Denver on a lake. Help my three daughters (pay off some bills and loans), grandkids setup a trust fund, make sure my grandson get the best ear surgery money can buy.
Buy a few more guns and ammo and travel a little. First trip would be back to Vietnam
Buy a few more guns and ammo and travel a little. First trip would be back to Vietnam
DeyDurkie5
Posts: 11,324
Mar 28, 2012 11:38am
I'd take a shit on skyhook's yard
Commander of Awesome
Posts: 23,151
Mar 28, 2012 11:41am
Probably the lump. First thing I'd do is hire a competent Accountant/financial advisor.
Raw Dawgin' it
Posts: 11,466
Mar 28, 2012 11:44am
I hear there are some VC who still think the war hasn't ended - you can hunt them down and relive the glory daysBelly35;1129979 wrote:Buy a few more guns and ammo and travel a little. First trip would be back to Vietnam
Scarlet_Buckeye
Posts: 5,264
Mar 28, 2012 11:50am
First thing I would pay for = student loans.
DeyDurkie5
Posts: 11,324
Mar 28, 2012 11:54am
I'd get rid of all debt.
I'd give 25 of my closest family/friends a million each
I'd buy stake in the Cleveland Browns
I'd get a financial advisor to keep track of the money
I'd then buy a kilo of cocaine, pound of the finest bud known to man, and I'd take all my friends to some ridiculous place and ball out for a week
Then, I'd just sit on my ass and do fun shit for the rest of my life
I'd give 25 of my closest family/friends a million each
I'd buy stake in the Cleveland Browns
I'd get a financial advisor to keep track of the money
I'd then buy a kilo of cocaine, pound of the finest bud known to man, and I'd take all my friends to some ridiculous place and ball out for a week
Then, I'd just sit on my ass and do fun shit for the rest of my life
Belly35
Posts: 9,716
Mar 28, 2012 11:55am
Perfect I use my wife at Point :laugh:Raw Dawgin' it;1129985 wrote:I hear there are some VC who still think the war hasn't ended - you can hunt them down and relive the glory days