Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Good Waste Of $20

Brooklyn Bully

By Brooklyn Bully,
in Huddle Lounge

Recommended Posts

Brooklyn Bully Newbie

Brooklyn Bully

Posted
  • Author
Posted

This is what I don't understand....so it makes financial sense to spend $20 to win $363M but not so much when that $20 could win you $45M.

Like $45M wouldn't change someones life just as much

It's just $20. Plus, Powerball costs $3 total with the power play. Mega Millions is $1 total. So I get more "chances" with my $20.

Not to mention if other people win, I'd have to share it.

Link to comment
Share on other sites
thatlookseasy Newbie

thatlookseasy

Posted
Posted

This is what I don't understand....so it makes financial sense to spend $20 to win $363M but not so much when that $20 could win you $45M.

Like $45M wouldn't change someones life just as much

Well statistically speaking the expected value of a ticket is a lot higher when the jackpot is high

Its about $0.00, but still

Link to comment
Share on other sites
CarolinaKid704 Newbie

CarolinaKid704

Posted
Posted

Last powerball drawing: 1-15-35-37-47 8 PWB

My numbers: 1-15-26-37-59 10 PWB

$14

I've had some very close calls but usually only make out with 3 out of 6 numbers. Its all luck in the end but I would advise you to play one game routinely as oppose to just throwing down $20 in tickets on one big cash out.

Link to comment
Share on other sites
Jangler Newbie

Jangler

Posted
Posted

This is what I don't understand....so it makes financial sense to spend $20 to win $363M but not so much when that $20 could win you $45M.

Like $45M wouldn't change someones life just as much

Tonights Cash 5 would be just fine with me. 407k

Link to comment
Share on other sites
charlotte49er Newbie

charlotte49er

Posted
Posted

I rarely play the lottery. Maybe twice in my whole life. But Mega Millions is up to $363 million for tongiht's drawing. May as well waste $20.

Would you take lump sum or yearly with that prize (after taxes rape you)?

There is a limit to the size that you can take the "lump sum". I want to say it's $100 Mllion. Then you loose something like 49% for taking the lump sum, (You get a lump sum of 51%) That's $51 Million. Then taxes come out of it. You are automatically in the top tax brackett (35% both State & Federal, if I remember right.) That's another $17.85 Million. That leaves you with $33.15 +/- Million out of the $100 Million. Still a nice nest egg!

But for a jack pot this big, you have to take the yearly payout.

Oh, and I bought $50 worth of tickets. (But it for the consortium here at the "Old Folks Home". :D )

Link to comment
Share on other sites
Inimicus Mentor

Inimicus

Posted
Posted

Im changing my answer.

Did some reading and its going to pay out at approx $38,500 per million a year for 26 years.

so at 363 million thats 14 million a yer

or

1.18 mill a month

or

38k a day

Since I plan on living for the next 26 years Ill take it over time.

Link to comment
Share on other sites
CosmoGirl Newbie

CosmoGirl

Posted
Posted

Last powerball drawing: 1-15-35-37-47 8 PWB

My numbers: 1-15-26-37-59 10 PWB

$14

I've had some very close calls but usually only make out with 3 out of 6 numbers. Its all luck in the end but I would advise you to play one game routinely as oppose to just throwing down $20 in tickets on one big cash out.

Yes, I try to play the same numbers each time rather than change them up.

Link to comment
Share on other sites
charlotte49er Newbie

charlotte49er

Posted
Posted

Then if you refuse to let them take your picture and use you as advertisement. That's another cut you lose!

People who win lotteries get mail and calls from all over. I'm dying and need an operation, my child is dying and needs an operation! I'm your 3rd cousin on your mother's sister side. Man, can you spare a mill or two? My home is getting foreclosed upon! Even close relatives you know, start hitting you up for money, new cars, new homes, all of the above!

If I ever won, I'm giving to 3 organizations. The World Wildlife Fund, the National Humane Society and the Char/Meck Humane Society. The rest will be spent on my business. (Though I might start an HD TV Channel.) Oh, and maybe bionic legs. :D

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • jb2288
      Josina Anderson: Panthers NOT trading Adam Thielen

      By jb2288 · Posted

      I mean I just don't understand the argument. Baker and Sam both have been pro bowl QBs post their time here. And you just said yourself that is due to him having a damn good roster around him and they are well coached. You're even saying the bad baker is still there somewhere, but he is in a good organization with good roster and coaching that they are getting the best out of him. Why does Baker and Sam get all that benefit of the doubt but when it comes to Bryce it must be a BY9 problem, not an org or team problem?  Hell I got a guy below you arguing with me that Chark/Hurst/Mingo sucked because Bryce wouldn't throw them open. It's ridiculous how far the stretch goes. 
    • CRA
      Josina Anderson: Panthers NOT trading Adam Thielen

      By CRA · Posted

      Correct.  It’s really hard to get open in the NFL when opposing defenses gameplan and cheat coverage/routes on all your players because they know your QB can’t make certain throws/plays.   magically no one that comes to Carolina can get open or make plays with the ball in their hands…..it’s like there is one singular common dominator to it all.  BY makes playing defense way too easy.   NFL players are too good to allow one side to cheat coverage and not respect all the potential threats of a route  so you can dial up a great play.  But if corners and safeties just cheat coverage and know X and Y happening on route/threats….getting open gets hard when they just play it one way.  Getting open has a lot to do with the different threats a WR can pose on a given play.  
    • fanpanther
      Josina Anderson: Panthers NOT trading Adam Thielen

      By fanpanther · Posted

      Kinda depends how you look at it both were 3rd round draft pics.  Nico was nothing before stroud and tank came in with stroud.  If both were on the panthers would young have them doing well and starting or would their stats be low.  I really dont know the answer to that.  None of the panthers wrs have left and did well either but personally i feel neither of nico or tank would do much on the panthers.  
×
×
  • Create New...