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go birds
 Post subject: Mega millions
PostPosted: March 30 12, 11:14 am 
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Up to 640 million.

Can you imagine winning that much money?

I think I saw this morning that you have a 1 in 175 million chance of winning.

I think the first thing I'd spend the money on is upgrades to grb. Can we please get a mobile version for Pete's sake!!! Then a Maserati.

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go birds
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:17 am 
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Actually I take that back...I'd prolly just pay someone to post sweet messages all day. One less stressful thing for me to deal with.

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Freed Roger
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:22 am 
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Seeking a Zubaz seamstress

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Mrs. Freed bought tix and I made her feel bad by making fun of the odds and her post-winning scenarios.

She didn't like when I said " can we still talk with our normal voices when we win" ...well, her voice was getting a bit reality TV show-ish when describing grandiose plans.
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tlombard
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:24 am 
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Freed Roger
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:32 am 
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I've worked on taxes for 3 diff lottery winners - in the $2-9 mill range. Two were chronic casino gamblers-but were conservative with their winnings otherwise. (IIRC we'd deduct their documentable gambling losses on SCH A against their
lottery annuity).


The third's got pissed away on lawyer fees in family fighting over the estate.

And contrary to the stereotype of CPA's - I would definitely take a lump sum payout - or at least sell the annuity payout to someone who pays me cash upfront. F [expletive] the annuity -If I beat the long odds of the lottery, then that means the odds are also probable of the lottery system going broke, or WWIII, or armeggeddon etc


Last edited by Freed Roger on March 30 12, 11:36 am, edited 1 time in total.

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go birds
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:35 am 
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I've always wondered how huge jackpots get pissed away like they do and I know utter stupidity plays a part but jesus how do you blow 100 mil? To me that damn near seems impossible.

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slide_into_first
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:37 am 
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If there are 175 million different number combinations and the prize is 640 million, almost 4 times the odds, then each $1 ticket is worth $4. Amirite?

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Freed Roger
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:38 am 
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go birds wrote:
I've always wondered how huge jackpots get pissed away like they do and I know utter stupidity plays a part but jesus how do you blow 100 mil? To me that damn near seems impossible.



Thit down thon and thlet's talk.
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tlombard
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:39 am 
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The people who blow it all probably get a lot of help from so called "family and friends" along with business partners who talk them into horrible investments.

I would blow it all on booze and sporting events though. Maybe go Brewster's Millions and buy a baseball team and put myself on the roster.


Last edited by tlombard on March 30 12, 11:40 am, edited 1 time in total.

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Freed Roger
 Post subject: Re: Mega millions
PostPosted: March 30 12, 11:39 am 
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slide_into_first wrote:
If there are 175 million different number combinations and the prize is 640 million, almost 4 times the odds, then each $1 ticket is worth $4. Amirite?


No, because there could be multiple winners.
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