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Mega Millions lottery for Tue PM

Discussion in 'Money Talk$' started by Salty, Jul 31, 2023.

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  1. Salty

    Salty 20,000 Posts Club
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    The Lottery for 1 August will be about 1 Billion dollars
    (the Feds take 25%) States/Commonwealth will take anything from 0-9%
    Take home B4 taxes is around 500 million (for full amount - based over 20 years)
    So - if you won that and took it over 20 years - = 50 million / year B4 taxes

    If you did win - would you take it in one shot - or over 20 years

    What would you do with you 30 million or so per year?

    Would you keep playing?


    DISCLAMER

    Answers such as "Its a sin to buy a lottery ticket"
    I would never play the lottery, ect
    will NOT be acceptable

    This thread is for fun!
    Even if you would not buy a ticket - suppose someone gave you a ticket!

    If you want to mention that you plan to buy a ticket is okay
    and the admin team will not ban you (well, I cant speak for Scarlett!:rolleyes:

    Okay - lets have some fun!
     
    #1 Salty, Jul 31, 2023
  2. KenH

    KenH Well-Known Member

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    If I won such a contest, I would take it as a lump sum(especially at my age).

    If I won that kind of money, I have no idea what I would do, and I really don't think I would want the headaches associated with having such an amount of money at my age.

    But if I won that kind of money, I would probably look into thinks like having Grace Baptist Church of Ruston have a weekly TV show and local radio commercials to proclaim the gospel of Christ.
     
    #2 KenH, Aug 1, 2023
    • Like Like x 1
  3. Salty

    Salty 20,000 Posts Club
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    It is now 1.5 billion!
    Your chances of winning:

    The odds of winning the Mega Millions jackpot is 1 in 302.6 million

    The Mega Millions drawings are held every Tuesday and Friday at 11 p.m. ET. You pick five numbers between 1-70 for the white balls and select one number between 1-25 for the yellow Mega Ball. Match all five white balls in any order and pick the correct yellow ball, and you're a jackpot winner
     
    #3 Salty, Aug 5, 2023
  4. Deacon

    Deacon Well-Known Member
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    It’s a sick amount of money.
    Something only a politician could spend.

    My odds of winning are only slightly diminished by my refusal to purchase a ticket.
    That being said, my coworkers sometimes purchase a chance for me so I wouldn’t be left holding down the fort when they win.

    Lump sum. I’d insure my kids and grandkids have a good home and education.
    Endow a Christian University or three
    Fund Christian education in intercity locations.
    Anything left over I’d use to fill the potholes in my town…might not be enough!

    Rob
     
    #4 Deacon, Aug 5, 2023
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