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PowerBall just short of $ 1 billion, Mega Millions at $20 million

Posted on 3/29/24 at 1:18 pm
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98588 posts
Posted on 3/29/24 at 1:18 pm
You have a 100% chance at winning the Mega Millions

Or

A 85% chance of winning the Powerball.

Which do you take?
This post was edited on 3/29/24 at 1:22 pm
Posted by Honkus
Member since Aug 2005
51098 posts
Posted on 3/29/24 at 1:20 pm to
quote:

PowerBar



More.of a kind bar man myself.

Sea salt and dark chocolate nut FTW

This post was edited on 3/29/24 at 1:21 pm
Posted by Bama and Beer
Baldwin Co, AL
Member since Oct 2010
80876 posts
Posted on 3/29/24 at 1:20 pm to
PowerBar doing well even though they don't taste that great
Posted by Marco Esquandolas
Member since Jul 2013
11423 posts
Posted on 3/29/24 at 1:20 pm to
It’s PowerBaw
Posted by Wally Sparks
Atlanta
Member since Feb 2013
29130 posts
Posted on 3/29/24 at 1:20 pm to
Am I the sole winner of either jackpot?
Posted by LegendInMyMind
Member since Apr 2019
53745 posts
Posted on 3/29/24 at 1:21 pm to
quote:

PowerBar just short of $ 1 billion

That's gonna have to have a billion grams of protein.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 3/29/24 at 1:21 pm to
quote:

PowerBar just short of $ 1 billion
That PowerBar must be the size of a football field....

Posted by rocksteady
Member since Sep 2013
1279 posts
Posted on 3/29/24 at 1:21 pm to
20 million feels weak, I’ll take my chances at god mode
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98588 posts
Posted on 3/29/24 at 1:22 pm to
fricking auto correct.

Fixed.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98588 posts
Posted on 3/29/24 at 1:23 pm to
quote:

Am I the sole winner of either jackpot?


Yes
Posted by Honkus
Member since Aug 2005
51098 posts
Posted on 3/29/24 at 1:24 pm to
Gotta love how a simple mistake in the subject line can completely derail a thread


Im gonna pass on the redneck retirement plan, myself
This post was edited on 3/29/24 at 1:25 pm
Posted by chinhoyang
Member since Jun 2011
23342 posts
Posted on 3/29/24 at 1:25 pm to
Always look at the cash value. The megamillions would give you about $5 mill after taxes on the cash option.

The powerball would give you about $240 million. I'd roll with the 85% OR sell my draw for about $200m.

Posted by dukke v
PLUTO
Member since Jul 2006
202731 posts
Posted on 3/29/24 at 1:25 pm to
I’ll take $5 million after taxes… I could live plenty fine with that.
Posted by rocksteady
Member since Sep 2013
1279 posts
Posted on 3/29/24 at 1:31 pm to
quote:

OR sell my draw for about $200m.


R u retard?
Posted by chinhoyang
Member since Jun 2011
23342 posts
Posted on 3/29/24 at 1:36 pm to
quote:

R u retard?


Are you?

An 85% chance of winning $240.0m has a value of $204.00 m. You might not be able to sell your chance for $200m, but you could probably get close.

But the big point was that you could sell your 85% chance of $240m for a lot more than $5.0 million.
This post was edited on 3/29/24 at 1:39 pm
Posted by LittleJerrySeinfield
350,000 Post Karma
Member since Aug 2013
7668 posts
Posted on 3/29/24 at 1:42 pm to
quote:

An 85% chance of winning $240.0m has a value of $204.00 m. You might not be able to sell your chance for $200m, but you could probably get close.

But the big point was that you could sell your 85% chance of $240m for a lot more than $5.0 million.


But who are you going to sell it to? Anyone who could afford it, doesn't need it.
Posted by BayouBandit24
Member since Aug 2010
16554 posts
Posted on 3/29/24 at 1:45 pm to
quote:

You have a 100% chance at winning the Mega Millions


No brainer imo
Posted by Lsutigerturner
Member since Dec 2016
5753 posts
Posted on 3/29/24 at 1:48 pm to
I think you go with mega million but damn don’t get rich without risks… it’s house money either way. I think I would go with 100% but damn lol 85??? That 15 would totally get me it’s in my blood


Yeah I’m going with the guarantee still be able to retire and set up some amazing future passive income
Posted by OK Roughneck
The Sooner State
Member since Aug 2021
9262 posts
Posted on 3/29/24 at 1:52 pm to
Mega......Bird in hand
Posted by Longhorn Actual
Member since Dec 2023
911 posts
Posted on 3/29/24 at 2:02 pm to
MegaMillions ($20m) drawing is today and PowerBall ($9XXm) is tomorrow.

Correct answer is obviously take the 100% guaranteed on the MM today, then buy ~$5m (whatever the after tax value is on the cash option) worth of PB tickets...driving 100mph on the way to the store to save $$ on fuel.

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