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Started By
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re: OFFICIAL: No winners in the powerball tonight...Wed drawing at 1.3 Billion
Posted on 1/10/16 at 2:35 pm to DVinBR
Posted on 1/10/16 at 2:35 pm to DVinBR
Rough calculations assuming no split pot and full principal lump sum invested at a conservative 3% annual ROR:
11.3 million a year in CASH forever. Now THAT is frick you money.
$942k/month
$217k/week
$31k/day
$1290/hour
$21.51/minute
$.36/second
Forever.
11.3 million a year in CASH forever. Now THAT is frick you money.
$942k/month
$217k/week
$31k/day
$1290/hour
$21.51/minute
$.36/second
Forever.
This post was edited on 1/10/16 at 2:40 pm
1
Posted on 1/10/16 at 2:43 pm to JohnnyKilroy
That would still be a salary cut for your run of the mill OT baller
Posted on 1/10/16 at 2:44 pm to slackster
I don't see how anybody could really pull it off, even with an "army" of people filling out the slips.
Too much to coordinate in such a short period of time, not to mention that the person would actually have to outlay a couple of hundred million in cash to pay for it.
Bill Gates may be worth 60 billion plus but I'm not sure even he can just walk into his bank and have that much physical cash ready to go in less than 72 hours.
Too much to coordinate in such a short period of time, not to mention that the person would actually have to outlay a couple of hundred million in cash to pay for it.
Bill Gates may be worth 60 billion plus but I'm not sure even he can just walk into his bank and have that much physical cash ready to go in less than 72 hours.
Posted on 1/10/16 at 2:55 pm to sugar71
quote:
Because they did not sell 300 million tickets. Even if they sold 200 million plus tickets at $2( accounting for the nearly $400 million dollar Jackpot increase) there are still 100 million combinations not played. I don't think people can comprehend 300 million number combinations.
You are assuming that if they sell 300 million tickets that they all will have unique numbers, which isn't the case.
Posted on 1/10/16 at 3:19 pm to LSUsmartass
Had 3 of the numbers on 3 different plays. Closest I'll ever get.
Posted on 1/10/16 at 3:25 pm to fightin tigers
quote:
I doubt that quick picks hand out combinations like 1-2-3-4-5-powerball
I actually have a quick pick ticket that goes 8-9-10-11-23
Posted on 1/10/16 at 3:29 pm to dawgfan24348
quote:
That's a lump sum of $806 million and $486 million after federal tax
That's insane, I can't imagine winning and doubling my annual income in 1 day like that.
Posted on 1/10/16 at 3:55 pm to deltaland
So maybe I'm wrong but if 1.3 billion is jackpot, then cash option is $806 million that includes the 39% federal tax. So only tax remaining is state (5%). So actual take home winnings is $715 million.
Posted on 1/10/16 at 3:58 pm to buford4LSU
Its ridiculous that the federal tax is 39%. It should be at the most 25% and I think that is even too high.
Posted on 1/10/16 at 4:04 pm to buford4LSU
quote:
So maybe I'm wrong but if 1.3 billion is jackpot, then cash option is $806 million that includes the 39% federal tax. So only tax remaining is state (5%). So actual take home winnings is $715 million.
No, the 806 million is the lump sum jackpot and is pretax.
The 1.3 billion is the 806 million invested and distributed over 30 (or is it 25?) years.
Posted on 1/10/16 at 4:22 pm to buford4LSU
quote:
So actual take home winnings is $715 million.
Actual take home in LA would be ~434M.
Posted on 1/10/16 at 4:49 pm to JohnnyKilroy
Unless my math is wrong, are the pot odds actually in favor?
Also, I wish there was a way to work out some sort of deal with the Feds on where the 600-700 million dollars go in taxes.
Also, I wish there was a way to work out some sort of deal with the Feds on where the 600-700 million dollars go in taxes.
Posted on 1/11/16 at 7:40 am to Kcoyote
What's the largest office pool fellow OTers are involved in?
5k worth? 10k worth?
5k worth? 10k worth?
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