Author Topic: $476 million  (Read 4804 times)

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Offline Shiny

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$476 million
« on: March 28, 2012, 02:05:48 AM »
Wow.

If this keeps up, I expect many people to lose their minds. If it gets over 600 million I might have to pull some money out of my life savings to play.
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Offline ialmisry

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Re: $476 million
« Reply #1 on: March 28, 2012, 03:17:58 AM »
Wow.

If this keeps up, I expect many people to lose their minds. If it gets over 600 million I might have to pull some money out of my life savings to play.
It only takes $1.  do you really think your life savings would improve your odds that much?
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Offline Shiny

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Re: $476 million
« Reply #2 on: March 28, 2012, 04:21:33 AM »
There is a 175,711,536 chance of winning. So I can increase my chances by like...10 with my life savings.
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Offline Nicene

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Re: $476 million
« Reply #3 on: March 28, 2012, 05:30:32 AM »
What an awesome prize.
Thank you.

Offline Tallitot

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Re: $476 million
« Reply #4 on: March 28, 2012, 05:35:51 AM »
There is a 175,711,536 chance of winning. So I can increase my chances by like...10 with my life savings.

Bear in mind your chances of winning the entire prize are smaller; so many ppl will buy tickets it's rare for one person to hold the only winner.
Proverbs 22:7

Offline Shiny

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Re: $476 million
« Reply #5 on: March 28, 2012, 05:50:56 AM »
But we're talking all new tickets.

We're starting at 0 tonight...the jackpot carries over but it's all new tickets, and all new numbers. Unless 300 million tickets are sold in the next 3 days, I guess.

It's okay though. When I win, I'll be happy to share the prize with one other person. But if there's a 3rd winner, me and the other winner will have to eliminate them. SO, don't be late if you're the 3rd. We can only split 500 million so many ways before it's just not worth it.
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Offline Tallitot

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Re: $476 million
« Reply #6 on: March 28, 2012, 06:35:50 AM »
But we're talking all new tickets.

We're starting at 0 tonight...the jackpot carries over but it's all new tickets, and all new numbers. Unless 300 million tickets are sold in the next 3 days, I guess.

It's okay though. When I win, I'll be happy to share the prize with one other person. But if there's a 3rd winner, me and the other winner will have to eliminate them. SO, don't be late if you're the 3rd. We can only split 500 million so many ways before it's just not worth it.

But there's no limit on how many tickets with same combination of numbers can be sold per drawing; you might pick the right numbers, so could someone else. When the prize gets this high millions of tickets are sold. Still, even a small piece of this pie would be nice!
Proverbs 22:7

Offline orthonorm

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Re: $476 million
« Reply #7 on: March 28, 2012, 08:26:59 AM »
I just buy multiples of the same number. I am that confident.

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Offline GabrieltheCelt

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Re: $476 million
« Reply #8 on: March 28, 2012, 10:02:51 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
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Offline orthonorm

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Re: $476 million
« Reply #9 on: March 28, 2012, 10:17:06 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.
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Offline Justin Kissel

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Re: $476 million
« Reply #10 on: March 28, 2012, 10:20:45 AM »
476 million!?  My mind is reeling as I think of the possibilities!!!  ... Think of all the books I could buy!  ;D
« Last Edit: March 28, 2012, 10:20:55 AM by Asteriktos »

Offline podkarpatska

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Re: $476 million
« Reply #11 on: March 28, 2012, 10:42:40 AM »
Half a BILLION dollars. It is funny though to see the poor folks coming up with fifty bucks at the gas station for tickets. The reality of it is that one or fifty sets of numbers or various number combinations have little statistically to do with the chance of winning the jackpot. Good luck to all though and may the winner TITHE !

Offline KBN1

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Re: $476 million
« Reply #12 on: March 28, 2012, 11:09:13 AM »
May the Lord protect the winner from himself!

Offline JamesRottnek

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Re: $476 million
« Reply #13 on: March 28, 2012, 04:02:09 PM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

It isn't gambling; it is supporting the school system.
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Offline Shiny

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Re: $476 million
« Reply #14 on: March 28, 2012, 04:15:45 PM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
What did Paisios say? And when was Elder Paisios canonized?

It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.

ZING
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Offline admiralnick

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Re: $476 million
« Reply #15 on: March 28, 2012, 05:05:11 PM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

It isn't gambling; it is supporting the school system.

There hasn't been a dime of lottery money given to Illinois' Schools in 50 years. There was always certainly a lot of borrowing from that fund in that time, however.....

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Offline Tallitot

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Re: $476 million
« Reply #16 on: March 28, 2012, 05:55:45 PM »
Proverbs 22:7

Offline Tallitot

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Re: $476 million
« Reply #17 on: March 28, 2012, 06:34:21 PM »
The fun reality check here. If you bought EVERY SINGLE TICKET sold for the last several drawings. EVERY SINGLE TICKET. And there were a LOT of tickets sold, especially with that $363M carrot on it. EVERY SINGLE ONE OF THEM. You still would not have won.
Proverbs 22:7

Offline Ortho_cat

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Re: $476 million
« Reply #18 on: March 28, 2012, 06:35:11 PM »
There is a 175,711,536 chance of winning. So I can increase my chances by like...10 with my life savings.

Bear in mind your chances of winning the entire prize are smaller; so many ppl will buy tickets it's rare for one person to hold the only winner.

truth...

Offline Ortho_cat

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Re: $476 million
« Reply #19 on: March 28, 2012, 06:40:41 PM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
What did Paisios say? And when was Elder Paisios canonized?

It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.

ZING

Ya, we are giving away a FIAT...not exactly sure the conditions...

Offline ialmisry

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Re: $476 million
« Reply #20 on: March 28, 2012, 06:50:26 PM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

It isn't gambling; it is supporting the school system.

There hasn't been a dime of lottery money given to Illinois' Schools in 50 years. There was always certainly a lot of borrowing from that fund in that time, however.....
You mean Springfield (Chicago's front) has been lying to us?
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Offline Shiny

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Re: $476 million
« Reply #21 on: March 28, 2012, 07:03:09 PM »
Let me repeat: half a billion dollars.

Let me repeat that slowly: half...a...BILLION...dollars...

I'm buying a castle on the moon.

No I'm going to give a million dollars to every poster on this board.
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Offline Ortho_cat

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Re: $476 million
« Reply #22 on: March 28, 2012, 07:05:34 PM »
you may want to buy some tickets for the competing lotteries though...

Offline Shiny

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Re: $476 million
« Reply #23 on: March 28, 2012, 07:09:22 PM »
you may want to buy some tickets for the competing lotteries though...
Because of the odds?
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Offline Ortho_cat

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Re: $476 million
« Reply #24 on: March 28, 2012, 07:12:08 PM »
you may want to buy some tickets for the competing lotteries though...
Because of the odds?

cause more people will be buying tickets for mega millions instead of the others, people that normally would buy the others buy mega instead...

Offline Shiny

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Re: $476 million
« Reply #25 on: March 28, 2012, 07:12:49 PM »
you may want to buy some tickets for the competing lotteries though...
Because of the odds?

cause more people will be buying tickets for mega millions instead of the others, people that normally would buy the others buy mega instead...
Yeah that's what I figure. But I couldn't give you all 1 million each though.
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Offline Ortho_cat

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Re: $476 million
« Reply #26 on: March 28, 2012, 09:35:35 PM »
well because of y'all i went out and spent 5 perfectly good dollars on this...thanks guys  ::)

Offline GabrieltheCelt

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Re: $476 million
« Reply #27 on: March 29, 2012, 12:05:55 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.

I've heard of raffles in the GOA*.  I understand the impetus, but it's still gambling and they should shy away from it. 

* I don't want to imply that that's the only jurisdiction that holds raffles.
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Offline GabrieltheCelt

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Re: $476 million
« Reply #28 on: March 29, 2012, 12:06:44 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

It isn't gambling; it is supporting the school system.

Riiiiight.
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Offline GabrieltheCelt

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Re: $476 million
« Reply #29 on: March 29, 2012, 12:10:35 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
What did Paisios say? And when was Elder Paisios canonized?

 He said, "Today they're trying to destroy faith, and for the edifice of faith to fall they quietly pull out one stone, then another. But we're all responsible for the destruction; not just those who destroy but we who see how faith is being undermined and make no effort to strengthen it."

 I'm not sure that he's been officially canonized.  But many are addressing him as such.  Same thing with St. Seraphim of Platina.

It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.

ZING

Yup.  He's good at it.  I wish he were wrong in this case though.
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Offline Justin Kissel

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Re: $476 million
« Reply #30 on: March 29, 2012, 12:30:17 AM »
All that money spent on a lottery... *shakes head* WWMWS? ("What would Mr. Wendal Say?")
« Last Edit: March 29, 2012, 12:31:02 AM by Asteriktos »

Offline KBN1

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Re: $476 million
« Reply #31 on: March 29, 2012, 08:50:53 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
What did Paisios say? And when was Elder Paisios canonized?

It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.

ZING

Ya, we are giving away a FIAT...not exactly sure the conditions...

That is exactly what the lotteries give away as well.

Offline Ortho_cat

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Re: $476 million
« Reply #32 on: March 29, 2012, 11:39:02 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
What did Paisios say? And when was Elder Paisios canonized?

It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.

Don't worry. The GOA is certainly raffling cars as we speak.

ZING

Ya, we are giving away a FIAT...not exactly sure the conditions...

That is exactly what the lotteries give away as well.

lol...it must be an inter-jurisdictional lottery...the plot thickens  :laugh:

Offline Shiny

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Re: $476 million
« Reply #33 on: March 29, 2012, 05:46:56 PM »
Enough with the Orthodox hubris, after all it's Lent.

Alright just got my tickets. Everyone should be rooting for me since I'm giving a million each to all of you.
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Offline Justin Kissel

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Re: $476 million
« Reply #34 on: March 29, 2012, 05:49:04 PM »
Enough with the Orthodox hubris, after all it's Lent.

Alright just got my tickets. Everyone should be rooting for me since I'm giving a million each to all of you.

You've always been my favorite Coloradoan (after Phil Heath)  :)

Offline Shiny

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Re: $476 million
« Reply #35 on: March 29, 2012, 06:28:42 PM »
Well if I'm your favorite then we must really have awful people living here. Go figure, I want to get the hell out.
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Offline Justin Kissel

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Re: $476 million
« Reply #36 on: March 29, 2012, 06:31:12 PM »
Well if I'm your favorite then we must really have awful people living here. Go figure, I want to get the hell out.

Pennsylvania always welcomes refugees with open arms :)

Offline Shiny

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Re: $476 million
« Reply #37 on: March 29, 2012, 06:36:36 PM »
Does it really? Because I'm having the hardest time getting in.


With my 2 applications.  :police:
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Offline Justin Kissel

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Re: $476 million
« Reply #38 on: March 29, 2012, 06:42:53 PM »
Does it really? Because I'm having the hardest time getting in.


With my 2 applications.  :police:

I will make a call and see what I can do. But... if a business lunch is required to work out the details, can you loan me $20?  ;D

Offline Tallitot

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Re: $476 million
« Reply #39 on: March 29, 2012, 07:20:33 PM »
I was listening to the news earlier today and they had some "experts" giving advice on what to do if you win. The most sensible: consult financial and tax advisers before claiming the prize, keep your mouth shut about it until you do. Least sensible to me; keep working, since the lump sum is 'only" about $250M after taxes or $19M a year on the annuity. If I can't live on $19M/year I've got a problem.
Proverbs 22:7

Offline podkarpatska

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Re: $476 million
« Reply #40 on: March 29, 2012, 07:30:25 PM »
BTW it is up to $540,000,000.00 as of 6 pm, EDT thursday.

Offline Shiny

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Re: $476 million
« Reply #41 on: March 29, 2012, 07:33:08 PM »
I was listening to the news earlier today and they had some "experts" giving advice on what to do if you win. The most sensible: consult financial and tax advisers before claiming the prize, keep your mouth shut about it until you do. Least sensible to me; keep working, since the lump sum is 'only" about $250M after taxes or $19M a year on the annuity. If I can't live on $19M/year I've got a problem.

The annuity is what 2.5% interest? If you take that then get maybe 5-20% on top of that annuity it might be best instead of getting a lump sum. But I don't trust what is it a 30 year payout period? I want the lump sum.
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Offline Shiny

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Re: $476 million
« Reply #42 on: March 29, 2012, 07:33:45 PM »
Does it really? Because I'm having the hardest time getting in.


With my 2 applications.  :police:

I will make a call and see what I can do. But... if a business lunch is required to work out the details, can you loan me $20?  ;D

Oh yeah sure. But it must be done at Primanti Bros.
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Offline podkarpatska

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Re: $476 million
« Reply #43 on: March 29, 2012, 07:40:13 PM »
I was listening to the news earlier today and they had some "experts" giving advice on what to do if you win. The most sensible: consult financial and tax advisers before claiming the prize, keep your mouth shut about it until you do. Least sensible to me; keep working, since the lump sum is 'only" about $250M after taxes or $19M a year on the annuity. If I can't live on $19M/year I've got a problem.

The annuity is what 2.5% interest? If you take that then get maybe 5-20% on top of that annuity it might be best instead of getting a lump sum. But I don't trust what is it a 30 year payout period? I want the lump sum.

I'm 58 -give me the lump sum NOW!

Offline Shiny

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Re: $476 million
« Reply #44 on: March 29, 2012, 07:42:06 PM »
LOL I'm only 24, so that would make me the youngest winner ever?
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Offline Tallitot

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Re: $476 million
« Reply #45 on: March 29, 2012, 07:54:18 PM »
I was listening to the news earlier today and they had some "experts" giving advice on what to do if you win. The most sensible: consult financial and tax advisers before claiming the prize, keep your mouth shut about it until you do. Least sensible to me; keep working, since the lump sum is 'only" about $250M after taxes or $19M a year on the annuity. If I can't live on $19M/year I've got a problem.

The annuity is what 2.5% interest? If you take that then get maybe 5-20% on top of that annuity it might be best instead of getting a lump sum. But I don't trust what is it a 30 year payout period? I want the lump sum.
26 year annuity. about $19M/year on $500M
Proverbs 22:7

Offline Shiny

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Re: $476 million
« Reply #46 on: March 29, 2012, 07:57:52 PM »
And you see with a 19 million annuity, I mean honestly I don't see myself even blowing that much.

I want to live very humbly when I win. I don't even want a mansion, just a small little house.
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Offline Tallitot

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Re: $476 million
« Reply #47 on: March 29, 2012, 08:03:20 PM »
That's why it intrigued me that Suze Orman said whoever wins should keep working.
Proverbs 22:7

Offline Shiny

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Re: $476 million
« Reply #48 on: March 29, 2012, 08:06:27 PM »
Only if you love what you do, I guess. Peronally for me I couldn't stand working.

I'd probably still work until all the details from my attorneys, financial and tax advisors are ironed out and I claim the ticket. Then I will quit.
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Offline Tallitot

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Re: $476 million
« Reply #49 on: March 29, 2012, 08:18:05 PM »
Since I work in healthcare, as much as I love whta I do I'd quit. One of my dreams for retirement has been to form a group of other ritired nurses and other practitioners to do community health teaching. I could do that.
Proverbs 22:7

Offline Shiny

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Re: $476 million
« Reply #50 on: March 30, 2012, 01:15:16 PM »
I INTERRUPT YOUR REGULARLY SCHEDULED ORTHODOX PROGRAMMING TO BRING YOU A SPECIAL ANNOUNCMENT. AS OF MARCH 30TH 2012 THE MEGA MILLIONS HAS REACHED 640 MILLION DOLLARS, I REPEAT 640 MILLION DOLLARS
« Last Edit: March 30, 2012, 01:33:30 PM by Achronos »
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Offline Ortho_cat

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Re: $476 million
« Reply #51 on: March 30, 2012, 01:25:20 PM »
I INTERRUPT YOUR REGULARLY SCHEDULED ORTHODOX PROGRAMMING TO BRING YOU A SPECIAL ANNOUNCMENT. AS OF MARCH 30TH 2012 THE MEGA MILLIONS HAS REACHED 640 MILLION DOLLARS, I REPEAT 640 MILLION DOLLARS

Anyway, wow Tallitot that seems pretty neat.

that's freaking insane. Definitely going to be multiple winners...

Offline Shiny

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Re: $476 million
« Reply #52 on: March 30, 2012, 01:33:10 PM »
Oh there will be atleast a mininum of 6 winners.

A 10% chance no winning ticket will be drawn.

LETS GET TO A BILLION
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Offline Ortho_cat

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Re: $476 million
« Reply #53 on: March 30, 2012, 01:40:40 PM »
Oh there will be atleast a mininum of 6 winners.

A 10% chance no winning ticket will be drawn.

LETS GET TO A BILLION

this kind of hype is the reason why lotteries are made...i wonder when is the latest time to buy tix, since the drawing is tonight at 11?
« Last Edit: March 30, 2012, 01:41:00 PM by Ortho_cat »

Offline Shiny

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Re: $476 million
« Reply #54 on: March 30, 2012, 01:42:19 PM »
Well I think it's 7pm MST for me. Better get it early though.
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Offline Tallitot

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Re: $476 million
« Reply #55 on: March 30, 2012, 01:51:07 PM »
Oh there will be atleast a mininum of 6 winners.

A 10% chance no winning ticket will be drawn.

LETS GET TO A BILLION

this kind of hype is the reason why lotteries are made...i wonder when is the latest time to buy tix, since the drawing is tonight at 11?

the guy at the store i get cig's at told me the machine stops printing tickets at 10:45pm eastern.
Ortho Cat, that's how I plan to spend time when I retire.
« Last Edit: March 30, 2012, 01:52:45 PM by Tallitot »
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Offline Shiny

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Re: $476 million
« Reply #56 on: March 30, 2012, 01:53:09 PM »
I kind of wish I had such a disposable income that I could easily blow 100-500 dollars worth of tickets. It's stupid, but there's people who do it. like the winner of the 345 million jackpot on the Powerball a few years back. Dude was already a millionaire but would spend thousand and thousands of dollars on tickets so of course he was going to win.
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Offline Tallitot

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Re: $476 million
« Reply #57 on: March 30, 2012, 01:55:35 PM »
funny thing...each ticket has the same odds of winning, whether you buy 1 or 1,000.
Proverbs 22:7

Offline Shiny

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Re: $476 million
« Reply #58 on: March 30, 2012, 01:59:36 PM »
The probability of each ticket is the same, yes, but we're talking about the cumulative probability of one of your many tickets of winning.

Think of it this way. I'm thinking of a number between 1 and 10. If you can only guess once, you have a 1/10 chance of guessing my number. If you can guess twice, you don't have a 1/8 chance of guessing my number, you have a 2/10 chance of guessing my number, aka 1/5.
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Re: $476 million
« Reply #59 on: March 30, 2012, 02:17:23 PM »

Can you imagine how much good you can do if you win this money?
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Offline Shiny

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Re: $476 million
« Reply #60 on: March 30, 2012, 02:18:28 PM »

Can you imagine how much good you can do if you win this money?

I'm not saying this out of some false humility or vanity or whatever, but I sincerely would just donate it it all if I won. To whom? I would have no idea. I'd love to end poverty.

But you know what? When you win that money, I wonder how much it changes a person.
« Last Edit: March 30, 2012, 02:18:52 PM by Achronos »
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Re: $476 million
« Reply #61 on: March 30, 2012, 02:23:02 PM »
I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?

I mean think about how many people would put their own lives at risk just to get that kind of a prize.
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Offline Tallitot

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Re: $476 million
« Reply #62 on: March 30, 2012, 02:34:49 PM »
I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?

I mean think about how many people would put their own lives at risk just to get that kind of a prize.

Yeah, you'd be surprised. I know folks who work in low paying jobs like housekeeping and dietary who spend a couple of hundred bucks a week on lottery tickets. The other day at the grocery store i saw someone buy $100 of the scratchers at once. i knew a clerical person who took a credit card cash advance to buy tickets. wow.
« Last Edit: March 30, 2012, 02:37:37 PM by Tallitot »
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Offline Shiny

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Re: $476 million
« Reply #63 on: March 30, 2012, 02:40:56 PM »
Don't tell me people use EBT cards to get lottery tickets.
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Offline Tallitot

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Re: $476 million
« Reply #64 on: March 30, 2012, 02:46:31 PM »
Don't tell me people use EBT cards to get lottery tickets.
How did you get that out my post? EBT cards can be used for certain purchases, they are rejected if you try to buy other things.
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Re: $476 million
« Reply #65 on: March 30, 2012, 02:47:20 PM »
I said that to imply a question if people use EBT cards to get lottery tickets. I wouldn't be surprised.
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Re: $476 million
« Reply #66 on: March 30, 2012, 02:51:27 PM »
Don't tell me people use EBT cards to get lottery tickets.
How did you get that out my post? EBT cards can be used for certain purchases, they are rejected if you try to buy other things.
Its easy to fake. I've watched such things be done.

PP
« Last Edit: March 30, 2012, 02:51:39 PM by primuspilus »
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Offline Tallitot

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Re: $476 million
« Reply #67 on: March 30, 2012, 03:09:13 PM »
"A café worker in Arizona reported selling $2,600 worth of tickets to one buyer, while a retired soldier in Wisconsin doubled his regular weekly ticket spending to $55. But each would have to put down millions more to guarantee a win..."

http://xfinity.comcast.net/articles/news-general/20120330/US.MegaMillions.Long.Odds/?cid=hero_media
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Offline Tallitot

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Re: $476 million
« Reply #68 on: March 30, 2012, 03:45:39 PM »
more insanity:
http://thebiglead.com/index.php/2012/03/30/chris-singleton-the-washington-wizards-rookie-is-going-to-spend-10000-on-mega-millions-lottery-tickets/
"Chris Singleton, a rookie forward on the Washington Wizards, tweeted he plans to spend..."
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Offline Justin Kissel

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Re: $476 million
« Reply #69 on: March 30, 2012, 03:49:14 PM »
My cousin just posted on facebook that he's won. Sorry guys! Maybe next time. Anyway, I need to get back to facebook to start reminding him of all the good times we had together as teenagers...  :P

Offline admiralnick

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Re: $476 million
« Reply #70 on: March 30, 2012, 04:17:25 PM »
If you were the only winner and purchased every single possible combination you would end up with a net lump before taxes of:

$462,000,000 - $175,711,536 = $286,288,464

However if you add taxes into the mix:

Federal Tax: $462,000,000 * 35% = $161,700,000
Social Security: $110,100 *4.6% (you get a credit for the ER portion of the tax) = $5,064.60
Medicare: $462,000,000 * 1.45% = $6,699,000
State Tax: (I'll use Illinois since it's easy): $462,000,000 * 5% = $23,100,000

So if you bought every ticket and lived in Illinois as a sole winner that would end up being:

$462,000,000 - $175,711,536 - $161,700,000 - $5,064.60 - $6,699,000 - $23,100,000 = $94,784,399.40

Of course that is assuming you live in Illinois. If you live in say New Jersey, it will be less.

-Nick
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Offline Shiny

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Re: $476 million
« Reply #71 on: March 30, 2012, 04:18:12 PM »
Yeah screw Chris Singleton. People like him tick me off because this game is designed for the poor and middle class.

I honestly don't know what I'd do if I won. If I survived the initial shock without having a heart attack, I'd just put the ticket in a safe deposit box and continue with my normal routine for a few weeks so no one would suspect it was me. Then I'd find a great lawyer and financial adviser and do the whole anonymous claim thing and secret trust fund.

After that I'd quit my job, and probably instigate a nasty fight with my girlfriend to trigger a mutual breakup. Then I would legally change my name, get plastic surgery to completely alter my appearance, and start looking for a nice private island with over 2,000 acres in a remote corner of the world. I'd hire 7 ex Navy Seals for security, and start building a secret research silo beneath the island. I'd scour the earth for the best minds in genetic hybrid animal breeding and pay them handsomely for creating strange and wonderful creatures to inhabit and patrol my island. The pitbull-tiger would defend the land, and my komono dragon-alligators would secure the sea. Other creatures would be created purely for aesthetic reasons, and all would love me dearly.

Then I'd probably send an anonymous check to all my family members for 5 million and live out the remainder of my days in a drug fueled haze while expanding my little kingdom.



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« Last Edit: April 02, 2012, 12:21:02 PM by PeterTheAleut »
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Offline Shiny

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Re: $476 million
« Reply #72 on: March 30, 2012, 04:20:48 PM »
If you were the only winner and purchased every single possible combination you would end up with a net lump before taxes of:

$462,000,000 - $175,711,536 = $286,288,464

However if you add taxes into the mix:

Federal Tax: $462,000,000 * 35% = $161,700,000
Social Security: $110,100 *4.6% (you get a credit for the ER portion of the tax) = $5,064.60
Medicare: $462,000,000 * 1.45% = $6,699,000
State Tax: (I'll use Illinois since it's easy): $462,000,000 * 5% = $23,100,000

So if you bought every ticket and lived in Illinois as a sole winner that would end up being:

$462,000,000 - $175,711,536 - $161,700,000 - $5,064.60 - $6,699,000 - $23,100,000 = $94,784,399.40

Of course that is assuming you live in Illinois. If you live in say New Jersey, it will be less.

-Nick
So basically it's not worth it.
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Offline admiralnick

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Re: $476 million
« Reply #73 on: March 30, 2012, 04:25:58 PM »
Yeah screw Chris Singleton. People like him piss me off because this game is designed for the poor and middle class.

The lottery has been amusingly referred to as a tax on people who are bad at math.

-Nick
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Offline Shiny

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Re: $476 million
« Reply #74 on: March 30, 2012, 04:28:17 PM »
Yeah screw Chris Singleton. People like him piss me off because this game is designed for the poor and middle class.

The lottery has been amusingly referred to as a tax on people who are bad at math.

-Nick
lulz
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Offline Tallitot

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Re: $476 million
« Reply #75 on: March 30, 2012, 04:43:07 PM »
If you were the only winner and purchased every single possible combination you would end up with a net lump before taxes of:

$462,000,000 - $175,711,536 = $286,288,464

However if you add taxes into the mix:

Federal Tax: $462,000,000 * 35% = $161,700,000
Social Security: $110,100 *4.6% (you get a credit for the ER portion of the tax) = $5,064.60
Medicare: $462,000,000 * 1.45% = $6,699,000
State Tax: (I'll use Illinois since it's easy): $462,000,000 * 5% = $23,100,000

So if you bought every ticket and lived in Illinois as a sole winner that would end up being:

$462,000,000 - $175,711,536 - $161,700,000 - $5,064.60 - $6,699,000 - $23,100,000 = $94,784,399.40

Of course that is assuming you live in Illinois. If you live in say New Jersey, it will be less.

-Nick
So basically it's not worth it.
Plus it wouldn't be physically possible. Unless you had a program set up to fill out the playslips for you it would take years to fill them out. Also, I heard someone from the VA lottery being interviewed and she claimed that evn nationwide there is no way to print that many tickets in one week.
Proverbs 22:7

Offline biro

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Re: $476 million
« Reply #76 on: March 30, 2012, 04:50:16 PM »
Well, somebody is going to win. Probably several somebodies. I'm just saying.

Offline Shiny

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Re: $476 million
« Reply #77 on: March 30, 2012, 04:51:58 PM »
You'd have to have quite alot of machines pumping out enough tickets for sure.
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Offline Tallitot

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Re: $476 million
« Reply #78 on: March 30, 2012, 04:59:21 PM »
I get an extra dream day, since I won't know until after sundown Sat that I lost.
Proverbs 22:7

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Re: $476 million
« Reply #79 on: March 30, 2012, 05:01:47 PM »
Is it to early to make Trayvon Martin jokes about walking a mile in the rain for an errand? :police:
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Offline biro

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Re: $476 million
« Reply #80 on: March 30, 2012, 05:11:47 PM »
Is it to early to make Trayvon Martin jokes about walking a mile in the rain for an errand? :police:

Yes.

Offline Shiny

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Re: $476 million
« Reply #81 on: March 30, 2012, 06:20:56 PM »
I'm pretty sure banks would literally hire or fly in person to handle my accounts and probably try and sell me all sorts of wealth management services. I would milk this for every penny too. Having 500mil is awesome, but having that money and also having a pack of suits flying me all over the country, buying dinner and events and putting me up in swanky hotels for free just for the privelage or warehousing that cash...yeah that's awesome.
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Offline Ortho_cat

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Re: $476 million
« Reply #82 on: March 30, 2012, 06:52:41 PM »
Is it to early to make Trayvon Martin jokes about walking a mile in the rain for an errand? :police:

Yes.

if your story involves a reference to a hoodie, then yes.

Offline Shiny

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Re: $476 million
« Reply #83 on: March 30, 2012, 07:13:54 PM »
LMAO at a NYC resident. The difference between a no-tax state and a citizen in NYC is: $43,721,370.

Wow.
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Offline Shiny

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Re: $476 million
« Reply #84 on: March 30, 2012, 10:58:33 PM »
46 23 38 4 2 23
« Last Edit: March 30, 2012, 11:02:03 PM by Achronos »
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Offline Shiny

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Re: $476 million
« Reply #85 on: March 30, 2012, 11:19:50 PM »
I WON 150
SO far
« Last Edit: March 30, 2012, 11:20:02 PM by Achronos »
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Offline Shiny

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Re: $476 million
« Reply #86 on: March 30, 2012, 11:40:34 PM »
SOMEONE FROM STUPID NEW YORK WON

OMG
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Re: $476 million
« Reply #87 on: March 30, 2012, 11:44:29 PM »
WAIT IT MIGHT BE A FAKE
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Re: $476 million
« Reply #88 on: March 30, 2012, 11:47:20 PM »
CONFIRMED FAKE.

OK COME ON A BILLION.
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Offline Shiny

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Re: $476 million
« Reply #89 on: March 31, 2012, 01:21:11 AM »
So no billion dollar lottery.

Thanks Maryland and Kansas. As if I needed anymore of a reason to hate Maryland more than I do now.
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Offline Ortho_cat

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Re: $476 million
« Reply #90 on: March 31, 2012, 01:14:44 PM »
So no billion dollar lottery.

Thanks Maryland and Kansas. As if I needed anymore of a reason to hate Maryland more than I do now.

Kansas says you're welcome ;)

Offline Shiny

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Re: $476 million
« Reply #91 on: March 31, 2012, 06:06:57 PM »
Screw Kansas.
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Offline orthonorm

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Re: $476 million
« Reply #92 on: April 01, 2012, 12:17:26 AM »
Nice avatar and whatever you call beneath it.

Pynchon's greatest accomplishment was to lend his name to one of the best blurbs to occur on like 40 different texts.

Everything with Phillip K. Dick's name on it:

"The working man's Pynchon."
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Offline Ortho_cat

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Re: $476 million
« Reply #93 on: April 01, 2012, 12:41:58 AM »

Offline Tallitot

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Re: $476 million
« Reply #94 on: April 01, 2012, 12:48:45 AM »
« Last Edit: April 01, 2012, 12:49:36 AM by Tallitot »
Proverbs 22:7

Offline Justin Kissel

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Re: $476 million
« Reply #95 on: April 01, 2012, 12:51:35 AM »


Kansas?

I opened the link expecting to find this...  ;D

Offline Shiny

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Re: $476 million
« Reply #96 on: April 01, 2012, 01:09:46 AM »
LOL at that blurb. Oh there's alot of similiarties between the two.
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Offline Ortho_cat

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Re: $476 million
« Reply #97 on: April 01, 2012, 01:14:10 AM »


Kansas?

I opened the link expecting to find this...  ;D

wow, I had no idea that was Kansas' song! I never gave those guys much credit 8)

Offline Shiny

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Re: $476 million
« Reply #98 on: April 01, 2012, 01:21:18 AM »
Screw anything associated with the name Kansas.

There.
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Offline Ortho_cat

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Re: $476 million
« Reply #99 on: April 01, 2012, 01:31:45 AM »
Screw anything associated with the name Kansas.

There.

so i take it you are rooting for Kentucky on monday? ;)

Offline Shiny

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Re: $476 million
« Reply #100 on: April 01, 2012, 01:39:37 AM »
Screw anything associated with the name Kansas and Kentucky.

There.
“There is your brother, naked, crying, and you stand there confused over the choice of an attractive floor covering.”

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Offline Ortho_cat

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Re: $476 million
« Reply #101 on: April 01, 2012, 01:52:57 AM »
Screw anything associated with the name Kansas and Kentucky.

There.


odd...and i would have taken you for a bourbon man... ;)

Offline Shiny

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Re: $476 million
« Reply #102 on: April 01, 2012, 02:35:55 PM »
Scotch, baby.
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Offline Ortho_cat

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Re: $476 million
« Reply #103 on: April 01, 2012, 05:16:21 PM »
aw man...what's up with your avatar??? mod's are gonna take that down lickety split  :police:

edit: hopefully they leave the cat though ;)
« Last Edit: April 01, 2012, 05:16:50 PM by Ortho_cat »

Offline Tallitot

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Re: $476 million
« Reply #104 on: April 01, 2012, 05:41:37 PM »


Kansas?

I opened the link expecting to find this...  ;D
Right...what did you expect the gay guy to post?
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Offline Carl Kraeff (Second Chance)

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Re: $476 million
« Reply #105 on: April 01, 2012, 06:22:42 PM »
Speaking of  the songs of old, how about "Simple Man?
http://www.youtube.com/watch?v=nFl0nlHaWa4&feature=related

Offline Ortho_cat

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Re: $476 million
« Reply #106 on: April 01, 2012, 07:07:14 PM »


Kansas?

I opened the link expecting to find this...  ;D
Right...what did you expect the gay guy to post?

lol...gay guy's don't like Kansas?? (band)

Offline PeterTheAleut

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Re: $476 million
« Reply #107 on: April 02, 2012, 09:33:59 AM »
It's hard to believe Christians are talking about gambling during Great Lent.  St. Paisios of the Holy Mountain was right aftera all.
Right about what?
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Offline PeterTheAleut

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Re: $476 million
« Reply #108 on: April 02, 2012, 09:40:13 AM »
I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?

I mean think about how many people would put their own lives at risk just to get that kind of a prize.

Yeah, you'd be surprised. I know folks who work in low paying jobs like housekeeping and dietary who spend a couple of hundred bucks a week on lottery tickets. The other day at the grocery store i saw someone buy $100 of the scratchers at once. i knew a clerical person who took a credit card cash advance to buy tickets. wow.
If such people use their money so foolishly when they have a little, does anyone honestly think that a huge windfall, such as winning the Mega Millions, is going to make them suddenly much wiser?
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Offline Tallitot

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Re: $476 million
« Reply #109 on: April 02, 2012, 03:26:06 PM »
And the madness cont's: "Mega Millions mania has plunged a Maryland McDonald’s into a bubbling cauldron of controversy.."

http://www.nypost.com/p/news/local/what_mega_mess_wHA9HVdfxA1VDSqWn58KtJ#.T3nMpVe_B1U.facebook
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Offline primuspilus

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Re: $476 million
« Reply #110 on: April 02, 2012, 03:28:40 PM »
And the madness cont's: "Mega Millions mania has plunged a Maryland McDonald’s into a bubbling cauldron of controversy.."

http://www.nypost.com/p/news/local/what_mega_mess_wHA9HVdfxA1VDSqWn58KtJ#.T3nMpVe_B1U.facebook
Yay for greed! *ugh*
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Offline Tallitot

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Re: $476 million
« Reply #111 on: April 02, 2012, 03:30:38 PM »
I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?

I mean think about how many people would put their own lives at risk just to get that kind of a prize.

Yeah, you'd be surprised. I know folks who work in low paying jobs like housekeeping and dietary who spend a couple of hundred bucks a week on lottery tickets. The other day at the grocery store i saw someone buy $100 of the scratchers at once. i knew a clerical person who took a credit card cash advance to buy tickets. wow.
If such people use their money so foolishly when they have a little, does anyone honestly think that a huge windfall, such as winning the Mega Millions, is going to make them suddenly much wiser?
It won't. A significant number of lotto winners are broke within 5 years.
Proverbs 22:7

Offline IXOYE

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Re: $476 million
« Reply #112 on: April 02, 2012, 03:42:51 PM »
PeterTheAleut said:

"If such people use their money so foolishly when they have a little, does anyone honestly think that a huge windfall, such as winning the Mega Millions, is going to make them suddenly much wiser?"

QFT
« Last Edit: April 02, 2012, 03:43:35 PM by IXOYE »

Offline ialmisry

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Re: $476 million
« Reply #113 on: April 02, 2012, 03:54:48 PM »
I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?

I mean think about how many people would put their own lives at risk just to get that kind of a prize.

Yeah, you'd be surprised. I know folks who work in low paying jobs like housekeeping and dietary who spend a couple of hundred bucks a week on lottery tickets. The other day at the grocery store i saw someone buy $100 of the scratchers at once. i knew a clerical person who took a credit card cash advance to buy tickets. wow.
If such people use their money so foolishly when they have a little, does anyone honestly think that a huge windfall, such as winning the Mega Millions, is going to make them suddenly much wiser?

It goes for happiness too: from the poorest groups to the richest, the statistical difference is less than 2% on happiness (I just saw this data again Saturday).  Miserable poor people make miserable (and it would seem to follow, misery) rich people.
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                           and both come out of your mouth