re: Mega Millions now at 1.55 billion

I doubt I'd ever leave my compound in the mountains.

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We should be ashamed of ourselves for allowing our government to bleed more money from the population via gambling.

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Nobody forces anyone to buy a ticket

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I would be quite excited for the South American energy products that i would partake if i won

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Could probably buy Venezuela if you wanted to.

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Do you want it all over 30yrs or lump sum?
Do you hire a lawyer, financial planner,etc?
Do you pay to keep your identity a secret ?

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Over 30 yrs. Most will think I'm an idiot. But assuming they take half for taxes, that is still $500,000 per week, every week for 30 years.

Yes.

You don't have to pay in Georgia. But you must make a written request to the Georgia Lottery Corporation asking that your name be kept anonymous when you claim your winnings.

La Annuity Schedule 1.55B
Yr Gross Payment Fed Taxes La Taxes Net
1 $23,329,724 $8,566,547 $1,108,162 $13,655,015
2 $24,496,211 $8,998,147 $1,163,570 $14,334,494
3 $25,721,021 $9,451,327 $1,221,748 $15,047,946
4 $27,007,073 $9,927,166 $1,282,836 $15,797,071
5 $28,357,425 $10,426,796 $1,346,978 $16,583,651
6 $29,775,297 $10,951,409 $1,414,327 $17,409,561
7 $31,264,063 $11,502,252 $1,485,043 $18,276,767
8 $32,827,266 $12,080,637 $1,559,295 $19,187,333
9 $34,468,629 $12,687,942 $1,637,260 $20,143,427
10 $36,192,060 $13,325,611 $1,719,123 $21,147,326
11 $38,001,663 $13,995,164 $1,805,079 $22,201,420
12 $39,901,746 $14,698,195 $1,895,333 $23,308,218
13 $41,896,833 $15,436,377 $1,990,100 $24,470,356
14 $43,991,675 $16,211,469 $2,089,605 $25,690,602
15 $46,191,259 $17,025,315 $2,194,085 $26,971,859
16 $48,500,822 $17,879,853 $2,303,789 $28,317,180
17 $50,925,862 $18,777,118 $2,418,978 $29,729,766
18 $53,472,156 $19,719,247 $2,539,927 $31,212,982
19 $56,145,763 $20,708,481 $2,666,924 $32,770,358
20 $58,953,052 $21,747,178 $2,800,270 $34,405,604
21 $61,900,704 $22,837,809 $2,940,283 $36,122,611
22 $64,995,739 $23,982,973 $3,087,298 $37,925,469
23 $68,245,527 $25,185,394 $3,241,663 $39,818,470
24 $71,657,802 $26,447,936 $3,403,746 $41,806,121
25 $75,240,692 $27,773,605 $3,573,933 $43,893,154
26 $79,002,728 $29,165,558 $3,752,630 $46,084,540
27 $82,952,864 $30,627,109 $3,940,261 $48,385,494
28 $87,100,506 $32,161,736 $4,137,274 $50,801,496
29 $91,455,532 $33,773,096 $4,344,138 $53,338,298
30 $96,028,309 $35,465,023 $4,561,345 $56,001,941
Total $1,550,000,003 $571,536,470 $73,625,003 $904,838,520

(Sorry for the formatting, turning your phone sideways may help)

If you die before 30 years for your children get it continually?

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If you die before 30 years for your children get it continually?

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There’s where financial planning comes into play. Setting up an LLC or trust so the money can live perpetually and not tied to your short time on earth is the key concept.

Keep it. No way in hell I want to manage that much money.

Taking the lump sum of $441,134,451 you could spend $24,000 per day for the next 50 years.

That equates to:
$168,000 per week
$672,000 per month
$8,760,000 per year

(and you would still have about $3,000,000 in change)

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The 1.55 billion dollars is only 32.5% of the total ticket sales. The rest is already a tax essentially. This means they have already taken well more than half of all the money before even getting to that number of 1.55.

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I don't follow you here. You're saying 67.5% of lottery sales is tax?