Powerball jackpot up to $600 million

Serious Business 51 replies 2,401 views
brutus161's avatar
brutus161
Posts: 1,686
May 18, 2013 10:23pm
Apparently, they stop selling at at 10. Oh, well.
OSH's avatar
OSH
Posts: 4,145
May 18, 2013 10:53pm
Powerball website is overloaded right now. I cannot see the draw. So, if someone can post the numbers, that'd be great...

:)
Tiger2003's avatar
Tiger2003
Posts: 15,421
May 18, 2013 11:16pm
The winning numbers in the $600M drawing are 22, 10, 13, 14, 52 and Powerball 11.
GoPens's avatar
GoPens
Posts: 2,339
May 19, 2013 12:38am
4 bucks!! Whoo-hoo!
Trueblue23's avatar
Trueblue23
Posts: 7,463
May 19, 2013 1:26am
Winning ticket sold in Florida.
Laley23's avatar
Laley23
Posts: 29,506
May 19, 2013 7:47am
Only 1 winner, in Florida, with no state income tax. FUCK! Taking home over 300 Million lump sum after Federal Taxes.
Crimson streak's avatar
Crimson streak
Posts: 9,002
May 19, 2013 8:43am
I didn't have a single number lol wtf
ernest_t_bass's avatar
ernest_t_bass
Posts: 24,984
May 19, 2013 9:23am
Laley23;1445032 wrote:Only 1 winner, in Florida, with no state income tax. FUCK! Taking home over 300 Million lump sum after Federal Taxes.
fucking christ, govt. takes almost half?
said_aouita's avatar
said_aouita
Posts: 8,532
May 19, 2013 10:08am
Laley23;1445032 wrote:Only 1 winner, in Florida, with no state income tax. FUCK! Taking home over 300 Million lump sum after Federal Taxes.
No state tax but FEMA has practically declared the entire state a flood zone. Big brother will get paid one way or the other.
M
MontyBrunswick
May 19, 2013 10:31am
ernest_t_bass;1445040 wrote:fucking christ, govt. takes almost half?
Lottery tickets are annuities. You can take the cash option, which is about 60% of the actual amount or take the annuity installments which actually pays out to $600m.
Iliketurtles's avatar
Iliketurtles
Posts: 8,191
May 19, 2013 10:51am
I won 12 bucks! woohoo! Made 2 dollars lol.
Mulva's avatar
Mulva
Posts: 13,650
May 19, 2013 11:50am
ernest_t_bass;1445040 wrote:fucking christ, govt. takes almost half?
It's taxed as ordinary income. I believe 25% is withheld federally, but they'll obviously be in the 39.6% bracket at the end of the day.
Trueblue23's avatar
Trueblue23
Posts: 7,463
May 19, 2013 12:19pm
dlazz;1445048 wrote:Lottery tickets are annuities. You can take the cash option, which is about 60% of the actual amount or take the annuity installments which actually pays out to $600m.
Which would you choose? Give me the lump sum, I doubt I see 30 anyways lol
tk421's avatar
tk421
Posts: 8,500
May 19, 2013 3:39pm
No way you ever take the annuities, taxes are going to only go up. 30 years from now taxes may be 60%. Get your money while you can.
G
gut
Posts: 15,058
May 19, 2013 4:36pm
tk421;1445092 wrote:No way you ever take the annuities, taxes are going to only go up. 30 years from now taxes may be 60%. Get your money while you can.
Yeah, higher rates plus inflation would make taking the payments a very bad decision.

Anyway, I haven't hit an actual powerball in a long time. I had 10 tickets, and the computer spit out the same powerball on 3 of them. How does that happen?
G
gut
Posts: 15,058
May 19, 2013 4:40pm
Laley23;1445032 wrote:Only 1 winner, in Florida, with no state income tax.
Imagine winning in CA and getting hit with an additional 13% state income tax. Hard to complain, but shelling out @ $40M of your winnings to the great sunshine state might sour one on income redistribution.

I'm sure CA would get their money somehow, but it would be interesting if you moved and established residence somewhere with no state income tax before claiming your prize.
GOONx19's avatar
GOONx19
Posts: 7,147
May 19, 2013 4:45pm
I don't know if it's true and don't want to do the math, but someone told me today that if the there was no tax deduction you could actually buy every number combination and end up making about seven hundred bucks.
Laley23's avatar
Laley23
Posts: 29,506
May 19, 2013 8:37pm
GOONx19;1445128 wrote:I don't know if it's true and don't want to do the math, but someone told me today that if the there was no tax deduction you could actually buy every number combination and end up making about seven hundred bucks.
Im sure it is...but its a HUGE risk. You have to be the only winner. What if you split it...4-5 ways...

Also, if you have that much money to spare, fuck playing the lottery lol.
M
MontyBrunswick
May 19, 2013 10:16pm
Trueblue23;1445061 wrote:Which would you choose? Give me the lump sum, I doubt I see 30 anyways lol
Lump sum. Invest 25%, spend 25%, family 25%, save 25%.
H
hang_loose
Posts: 802
May 20, 2013 3:04am
I like your thinking dlazz..... Or I could own part of Hawaii. Ain't going to happen to me though....10 bucks ($) can't even buy me a pizza (+beer), I would have came out ahead just by just not playing the game. But if you're not in, you can't win.

Thanks for helping with hasbeen's dog. I've never met you or him (face to face) but its nice to know people will help you when they need it.

hang_loose!
wildcats20's avatar
wildcats20
Posts: 27,794
Jun 5, 2013 3:04pm
Winner is an 84 year old woman from Florida.
tk421's avatar
tk421
Posts: 8,500
Jun 5, 2013 4:45pm
it's always some old person, waste of good money that is.
G
gut
Posts: 15,058
Jun 6, 2013 4:24pm
tk421;1453060 wrote:it's always some old person, waste of good money that is.
And the latest is some kind lady let this sweet old women cut ahead of her in line.

Not quite sure how it works, but I don't know that the lady would have actually gotten the winning ticket if she hadn't let her cut. At least, that's what I would have to convince myself of. Maybe that sweet old lady will throw her a few million.
Ironman92's avatar
Ironman92
Posts: 49,363
Jun 6, 2013 9:38pm
B
bigorangebuck22
Posts: 186
Jun 7, 2013 7:39am
She'll probably leave her estate to her ******* cats.