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re: Friday Megamillon Winner

Posted on 7/16/22 at 5:31 pm to
Posted by Decisions
Member since Mar 2015
1604 posts
Posted on 7/16/22 at 5:31 pm to
quote:

Is $500,000 a year enough to cover household expenses, plus hookers and blow?


Alcohol has always been vice enough for me. Just nix the blow and double the hooker budget at least for the first few years, lol. I’d also probably be spending a lot on travel for the first few years.
Posted by spacewrangler
In my easy chair with my boots on..
Member since Sep 2009
9852 posts
Posted on 7/16/22 at 11:21 pm to
quote:

Only one little problem you forget taxes


My bad, I assumed the quoted lump sum payout amount already had taxes withheld. I will not run the numbers again.
Posted by spacewrangler
In my easy chair with my boots on..
Member since Sep 2009
9852 posts
Posted on 7/16/22 at 11:57 pm to
Ok, so the annuity payout is over 30yrs.

Still Take the lump sum of $213.3mil

Spend the 13.3 mil.. $3.3m for houses, autos, and other shite. Then you have $333k (assuming the spend money isn't making more) annually for typical expenses, utilities, ins.food drink plus partying.

Invest $200m of the lump sum for 30yrs and you would come out way ahead of the total after tax payout of $371m.






3% ROR and in 30yrs the Future Value:$491,368,442.30

4% ROR and in 30yrs the Value:$662,699,602.92

5% ROR and in 30yrs the Future Value:$893,548,862.80

6% ROR and in 30yrs the Future Value:$1,204,515,042.45

7% ROR and in 30yrs the Fut
Future Value:$1,623,299,495.07

8% ROR and in 30yrs the Future Value:$2,187,145,931.55


Now if you have dividend paying stocks you could take those in cash to supplement the cash for spending.

Off Course you pay taxes on dividends and capital gains only when you liquidate .

You could invest in a tax free bonds but the ROR will be on the lower % side of the above examples. Maybe 4% max?









Posted by Jim Rockford
Member since May 2011
104389 posts
Posted on 7/17/22 at 12:01 am to
You sound like Morty Seinfeld calculating what Uncle Leo owes him for keeping his dad's racetrack winnings for himself.
Posted by spacewrangler
In my easy chair with my boots on..
Member since Sep 2009
9852 posts
Posted on 7/17/22 at 12:49 am to
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 7/19/22 at 1:36 pm to
Jumped 25 more million from 530.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 7/19/22 at 9:59 pm to
Almost time. Bought one ticket today
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71076 posts
Posted on 7/19/22 at 10:06 pm to
I dont even know how to buy a lottery ticket
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 7/19/22 at 10:19 pm to
Posted by PhillyTiger90
Member since Dec 2015
11651 posts
Posted on 7/19/22 at 10:21 pm to
Got the yellow ball at least
Posted by Sput
Member since Mar 2020
9106 posts
Posted on 7/19/22 at 10:23 pm to
quote:

Guy got to many tats now he has to get a-hole on his neck


He gets a tat for every Aggy he disembowels
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 7/20/22 at 2:00 am to
Updated the op. Will update the ticket sales info once it becomes available.
Posted by jatilen
Member since May 2020
13608 posts
Posted on 7/20/22 at 2:09 am to
You could buy quite a few crawfish with that kind of money
Posted by Paedin
Tampa, Florida
Member since Apr 2012
2310 posts
Posted on 7/20/22 at 2:43 am to
Could have your very own Bobby Bonilla day for every month for 35 years…could be worse.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 7/20/22 at 2:02 pm to
30 years* but its not always guaranteed.
Posted by Caraway Rye
Member since Oct 2021
5108 posts
Posted on 7/20/22 at 2:09 pm to
I always take the couple bucks in quarters in my console and throw in when it gets above 500 million before tax

At that point the dream is worth it

Thats only ever flying on your own private jet for life to your 147 foot yacht money
This post was edited on 7/20/22 at 2:10 pm
Posted by dutchrudda
Member since Jul 2022
50 posts
Posted on 7/20/22 at 2:12 pm to
You know hiw many high end buffetts you could eat st with that ticket.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
139098 posts
Posted on 7/20/22 at 9:57 pm to
Tuesday Ticket Sale Info:
Megamillion Ticket Sales for Tuesday $116,159,298

58,096,587/Tickets and/or Combinations Sold
58,096,587/302,575,350
19.20%

Money Sales by State:
AR $484,128
AZ $2,627,292
CA $16,232,782
CO $1,490,708
CT $1,523,122
DC $136,148
DE $451,386
FL $9,468,284
GA $4,436,054
IA $774,598
ID $420,552
IL $4,181,942
IN $1,516,686
KS $559,804
KY $1,177,092
LA $1,082,014
MA $3,885,490
MD $2,737,222
ME $352,984
MI $5,017,450
MN $1,294,162
MO $1,505,374
MS $571,836
MT $162,824
NC $3,366,874
ND $201,956
NE $450,778
NH $851,958
NJ $5,588,466
NM $387,546
NY $9,795,752
OH $4,371,160
OK $691,748
OR $980,132
PA $5,721,780
RI $427,052
SC $1,730,754
SD $165,464
TN $1,711,254
TX $9,655,082
VA $3,343,266
VI $25,512
VT $134,490
WA $2,131,812
WI $1,654,912
WV $442,492
WY $137,496

*Just the jackpot ticket sales not included in the "money by state info"*
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 7/21/22 at 5:01 am to
Its always some northern state that wins.
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
69129 posts
Posted on 7/21/22 at 5:52 am to
quote:

$10k annually for prop taxes


You would live in a 4 bedroom mcmansion in a Texas suburb after winning hundreds of millions?
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