Tonights Powerball $1.2 BILLION

[Thunk]

Lets see here...cut it in half for taking the cash option...$600 million.

Cut it in half again for taxes...$300 million.

Who the hell would even bother with a measly 300 million? Ain't worth my time.

 

[shockedcanadian]

Lets see here...cut it in half for taking the cash option...$600 million.

Cut it in half again for taxes...$300 million.

Who the hell would even bother with a measly 300 million? Ain't worth my time.

Want to hear.something crazy? If I drove over to the U.S and purchased such a ticket and won, I would get $600M due to the cross border gabling agreement we have with the U.S.

 

[Thunk]

I would get $600M due to the cross border gabling agreement we have with the U.S.

You wouldn't be taxed on it?

 

[shockedcanadian]

You wouldn't be taxed on it?

Nope. No taxes.on lottery wnnings here,.though.we are also offeredthe lump sum option.

 

[Thunk]

Nope. No taxes.on lottery wnnings here

Well...well...well...**** you

 

[petro]

Biggest winner is always the government.
Lotteries are a tax on the poor.

 

[shockedcanadian]

Well...well...well...**** you

Trust me,. they would never allow me.to win suchnmoney. The U.S.might, but not my country. They'd make up some bs clause to exclude me from winning.

 

[shockedcanadian]

Biggest winner is always the government.
Lotteries are a tax on the poor.

A tax on the dumb.

 

[Toro]

The odds of winning are about 300,000,000:1.

If the jack-pot is $1,200,000,000, then your expected return is $4 for every $1 spent. So your expected outcome for buying $1 in tickets is $4. That's what I learned in Finance 101.

If you could - and someone eventually will - you should buy $300,000,000 of every single ticket outcome to ensure you will win $1,200,000,000.

 

[shockedcanadian]

The odds of winning are about 300,000,000:1.

If the jack-pot is $1,200,000,000, then your expected return is $4 for every $1 spent. So your expected outcome for buying $1 in tickets is $4. That's what I learned in Finance 101.

If you could - and someone eventually will - you should buy $300,000,000 of every single ticket outcome to ensure you will win $1,200,000,000.

Yes, it is true there is massive overlay in this instance with a jackpot so high. Forget the other nunbers and focus on this only: "300,000,000 - 1"

 

[Thunk]

Can you imagine winning & receiving 18 million letters/emails/phone calls from blacks screaming GIMME FREE MONEY?

And then there are family members...friends...that 18th cousin on your dads side...

 

[Thunk]

You could talk to a lawyer & set up a powerball trust.

Keep 50% for yourself (150 million) & give 50 people 1% (3 million).

That way the trust collects it & you could keep your name out of the news paper.

 

[Toro]

Can you imagine winning & receiving 18 million letters/emails/phone calls from blacks screaming GIMME FREE MONEY?

And then there are family members...friends...that 18th cousin on your dads side...

That's why almost all lottery winners keep themselves anonymous.

 

[Thunk]

That's why almost all lottery winners keep themselves anonymous.

If you can...some states wont allow it.

 

[rightwinger]

I would give half to the IRS
The other half to the MRS

 

[Thunk]

I would give half to the IRS
The other half to the MRS

I would keep half and take the rolling pin to the head

 

[KissMy]

I would give half to the IRS
The other half to the MRS

Just buy a new MRS.

 

[KissMy]

The odds of winning are about 300,000,000:1.

If the jack-pot is $1,200,000,000, then your expected return is $4 for every $1 spent. So your expected outcome for buying $1 in tickets is $4. That's what I learned in Finance 101.

If you could - and someone eventually will - you should buy $300,000,000 of every single ticket outcome to ensure you will win $1,200,000,000.

Since it cost $2 a chance at $1.4 billion the expected outcome is only $2.39 for every dollar spent.

It would cost $584,402,676 to buy every Powerball number combination to win the now $1,400,000,000. The only downside is having to split that pot with a second or third potential winner.