USA: $355 Million Mega Millions Jackpot

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CodeRedR51

CodeRedR51

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Ok, are you participating and how many tickets did you buy? :D

I've got one ticket for myself, but my work is pooling together to buy several and we'll split it if we win.

Edit: changed jackpot amount. Bigger than I thought. :p
 
I was going to run out and buy a few later. GTPlanet will have alot of new premium members if I win!:D

If I buy every registered user on GTPlanet a lifetime premium membership, I'll still have over 274 million in cash.
 
...which is nearly half.

Don't forget about the cost of paying people to figure out what the hell to do with that much money also. You're also going to need to dig a hole in your floor, install a huge safe, and fill it with gold and silver. Buy a couple houses as investments. Put some in the market. Don't forget all the insurance you're going to have to buy on your gold and houses and whatnot, that's some serious money and depending on how long you plan to live you should probably figure out a very serious long-term plan for this money. Make it safe because the current financial fiasco isn't looking very promising. At the same time, be vigilant and smart and prepared to seize an opportunity that could turn 200 million into 300. You'd be surprised how many people with this much money go broke because they're stupid. It would take no miracle to waste 200 million dollars by the time you're 40. Then you've got 40 more years of working at McDonald's.

I think being that rich would be more stressful than being broke. If you've got 20 dollars and you spend it all, it's cool, work a couple hours tomorrow and you'll make it back. But lose this 355 million and...it's gone. Sorry, but you're never getting it back unless your last name is Trump and you're a business mastermind.
 
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Keef
...which is nearly half.

Don't forget about the cost of paying people to figure out what the hell to do with that much money also. You're also going to need to dig a hole in your floor, install a huge safe, and fill it with gold and silver. Buy a couple houses as investments. Put some in the market. Don't forget all the insurance you're going to have to buy on your gold and houses and whatnot, that's some serious money and depending on how long you plan to live you should probably figure out a very serious long-term plan for this money. Make it safe because the current financial fiasco isn't looking very promising. At the same time, be vigilant and smart and prepared to seize an opportunity that could turn 200 million into 300. You'd be surprised how many people with this much money go broke because they're stupid. It would take no miracle to waste 200 million dollars by the time you're 40. Then you've got 40 more years of working at McDonald's.

I think being that rich would be more stressful than being broke. If you've got 20 dollars and you spend it all, it's cool, work a couple hours tomorrow and you'll make it back. But lose this 355 million and...it's gone. Sorry, but you're never getting it back unless your last name is Trump and you're a business mastermind.
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You don't have to have a cash payout, which is what most of the people who won & went broke did. For those of us who have money sense, annual payments are much better & there's more money given back to you at the end of period.

I'd rather have $8.875 million (waay more than enough to get you through 1 year) for the next 20 years than $177.5 million you might end up with in 1 year. As for buying stuff, no, don't do that because that's exactly how the previous retards went broke in 2-4 years. Pick a good investment, & throw $6 million of the $8.8 into a bank account. By the time you get the next $8.8 for the following year, you'll have a lot of money start coming from the account.

*Note that this all really depends upon your state & the following taxes & your rate.
 
McLaren
You don't have to have a cash payout, which is what most of the people who won & went broke did. For those of us who have money sense, annual payments are much better & there's more money given back to you at the end of period.
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Have any idea what that amount of money is going to be worth in 20 years? Not much, that's how much. By all knowledgeable accounts, our currency is headed into a tremendously inflationary period in the not-too-distant future. The best option is to get all the money now and invest it in real assets with real value. Hollywood actors don't buy $30 million mansions "just because", or because they just need a place to live, they buy them as investments.
 
You dump it into long term bonds, stocks, land... whatever.

I can think of a thousand ways to liquidate over $200 million dollars that will see me keeping most of its value over the next twenty years. I'll lose some in taxes and exchange, but I'll have a chunk big enough to tide me over in the afterlife.

Hey, if anyone here wins, I'll take a million dollars, please. That would buy me a few dozen houses down here... :lol:
 
Have you run the numbers to determine whether it's a good bet? Don't forget to take taxes, and the possibility of splitting the winnings with another winner, into account when you determine whether buying a ticket makes statistical sense.

This should help: http://www.webmath.com/lottery.html
 
Keef
Have any idea what that amount of money is going to be worth in 20 years? Not much, that's how much. By all knowledgeable accounts, our currency is headed into a tremendously inflationary period in the not-too-distant future. The best option is to get all the money now and invest it in real assets with real value. Hollywood actors don't buy $30 million mansions "just because", or because they just need a place to live, they buy them as investments.
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All your post is based on, is a big "What If". Our current currency may not be in the best position right now, but it is nowhere near what the media wants you to continuously believe. What our dollar is worth 20 years from now is also near impossible to determine.
 
My state doesn't do Mega Millions. We have the Florida Lottery.
 
Meh, what's a 5$ ticket for a chance to win half of 355 million? If you're smart, you could live off that for the rest of your life. If you blow it, you're a retard.

I imagine talking hypothetically is different than what we'd really do though, we all say we'd invest or buy gold, stocks, etc etc, but I imagine th temptation with that kind of money is ridiculous.
 
McLaren
All your post is based on, is a big "What If". Our current currency may not be in the best position right now, but it is nowhere near what the media wants you to continuously believe. What our dollar is worth 20 years from now is also near impossible to determine.
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Real value vs. imaginary value. Thousands of years ago they were trading things that actually mattered, gold being a top priority. Our money is paper though, and isn't tied to anything of any real value. Hell, the chemicals they use to make the paper are worth more than the paper.

Money is whatever the market chooses, as has been demonstrated throughout history. Gold has always been money. Paper is a relatively recent development with plenty of failures on its resume, the first of which was made by China. The first civilization to issue paper notes was also the first to untie paper from actual money, was the first to experience runaway printing and hyperinflation, and was the first to end the circulation of paper money at a catastrophic cost to its economy. They reverted mainly to silver.

EDIT: As for playing the lotto, I've never been a fan. Recently I've bought a few tickets but I'm not confident that I'll ever win anything serious. The odds are too tall to justify the cost at this point in my life. Maybe a dollar for a scratch-off when I'm bored. I won $10 once.
 
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Danoff
Have you run the numbers to determine whether it's a good bet? Don't forget to take taxes, and the possibility of splitting the winnings with another winner, into account when you determine whether buying a ticket makes statistical sense.

This should help: http://www.webmath.com/lottery.html
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I knew my odds anyway, but I ran the numbers to confirm them. The "usual" list of comparison numbers - I have more chance of being a pregnant woman and giving birth to lightning - was displayed, but one caught my eye...

Someone eating an oyster has a 1 in 12,000 chance of finding a pearl inside of it.
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Someone eating an oyster has, in fact, zero chance of finding a pearl inside of it. Edible oysters (usually ostrea) are a different genus to pearl oysters (pteriidae) and do not produce pearls, so unless they're eating what they've found in a rock pool or are in a really crap restaurant, zero is as good as it gets...
 
So two people won the jackpot, and neither are in Arizona. So that confirms that the 30 lines of numbers we have at work are losers as well.

Maybe next time...
 
RTSolvalou
How many numbers do you have to pick/get correct to win the top prize?
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megaz.png


Also, four of the six numbers are from LOST. :sick:
 
Damn thats a huge lotto, maybe your government should buy some tickets? Cut out some of that debt lol.
 
ragnar666
Damn thats a huge lotto, maybe your government should buy some tickets? Cut out some of that debt lol.
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I always though its from people buying lotto tickets. $5 USD per ticket x how many number of people. Also, you have to consider that this is a over lap from the old jackpot. THE CURSE OF THE SUPER LOTTO!
 
Oh dang, the 2 winning tickets were purchased in Idaho and Washington. I should have saw this earlier and purchased one.
 
One of the three tickets at work was a $3 winner. :lol:

We're taking that $3 and putting it towards another ticket for Friday. (12 million)
 

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