Board 8 > Mega Millions is now 476 million dollars...

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Aecioo 03/28/12 6:51:00 AM #1:	drawing on friday someone here win and share it plz -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:960093] in Mega Milli... [t:62379527]...</cite> <quote> drawing on fridaysomeone here win and share it plz -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gifhttp://www.megavideo.com/?v=57N0YAEJ </quote> ... Copied to Clipboard!
Ayuyu 03/28/12 6:54:00 AM #2:	Isn't the prize much lower because of taxes? -- http://img.imgcake.com/cosplaygifer.gif http://en.wikipedia.org/wiki/TORtanic <cite>Ayuyu posted [p:960094] in Mega Milli... [t:62379527]...</cite> <quote> Isn't the prize much lower because of taxes? -- http://img.imgcake.com/cosplaygifer.gifhttp://en.wikipedia.org/wiki/TORtanic </quote> ... Copied to Clipboard!
Rad Link 5 03/28/12 6:56:00 AM #3:	My parents keep entering and telling me about how much money they could win. I notice they don't mention sending any my way. Maybe I should think about picking some numbers myself. -- Ace Detective in Sir Chris' Police http://i54.tinypic.com/2ib126v.jpg <cite>Rad Link 5 posted [p:960095] in Mega Milli... [t:62379527]...</cite> <quote> My parents keep entering and telling me about how much money they could win.I notice they don't mention sending any my way.Maybe I should think about picking some numbers myself. -- Ace Detective in Sir Chris' Policehttp://i54.tinypic.com/2ib126v.jpg </quote> ... Copied to Clipboard!
Aecioo 03/28/12 6:57:00 AM #4:	*Ayuyu posted...* Isn't the prize much lower because of taxes? yeah, you'll get somewhere around 240 million dollars. so -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:960096] in Mega Milli... [t:62379527]...</cite> <quote> Ayuyu posted...Isn't the prize much lower because of taxes?yeah, you'll get somewhere around 240 million dollars.so -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gifhttp://www.megavideo.com/?v=57N0YAEJ </quote> ... Copied to Clipboard!
SlymDayspring 03/28/12 6:57:00 AM #5:	if everyone on board 8 collaborates we could increase our chances from like .0001% to .001% -- I'm "kind of a big deal". http://img.imgcake.com/cyclo/Cyclopngegpngre.png <cite>SlymDayspring posted [p:960097] in Mega Milli... [t:62379527]...</cite> <quote> if everyone on board 8 collaborates we could increase our chances from like .0001% to .001% -- I'm "kind of a big deal".http://img.imgcake.com/cyclo/Cyclopngegpngre.png </quote> ... Copied to Clipboard!
Aecioo 03/28/12 6:59:00 AM #6:	If we could conceivably pool our money and hope that it equals 170 million, we can guarantee ourselves winning by playing every possible combination. In the end it would be a gain of about 70 million. WHAT CAN GO WRONG -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:960098] in Mega Milli... [t:62379527]...</cite> <quote> If we could conceivably pool our money and hope that it equals 170 million, we can guarantee ourselves winning by playing every possible combination. In the end it would be a gain of about 70 million. WHAT CAN GO WRONG -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gifhttp://www.megavideo.com/?v=57N0YAEJ </quote> ... Copied to Clipboard!
Rad Link 5 03/28/12 6:59:00 AM #7:	I'm not sure it's worth splitting that many ways, though. Then we'd only be getting, like, twenty-four million dollars each. What am I going to do with just twenty-four million dollars? -- Ace Detective in Sir Chris' Police http://img845.imageshack.us/img845/1417/nighthawks1575201136223.jpg <cite>Rad Link 5 posted [p:960099] in Mega Milli... [t:62379527]...</cite> <quote> I'm not sure it's worth splitting that many ways, though.Then we'd only be getting, like, twenty-four million dollars each.What am I going to do with just twenty-four million dollars? -- Ace Detective in Sir Chris' Policehttp://img845.imageshack.us/img845/1417/nighthawks1575201136223.jpg </quote> ... Copied to Clipboard!
SunbakedOrphan 03/28/12 7:05:00 AM #8:	If you take a lump sum, I'm pretty sure that the figure you receive is significantly lower than what you would end up receiving if you took monthly payments -- http://farm4.static.flickr.com/3135/2680922543_da8b4a09a6.jpg <cite>SunbakedOrphan posted [p:960100] in Mega Milli... [t:62379527]...</cite> <quote> If you take a lump sum, I'm pretty sure that the figure you receive is significantly lower than what you would end up receiving if you took monthly payments -- http://farm4.static.flickr.com/3135/2680922543_da8b4a09a6.jpg </quote> ... Copied to Clipboard!
Aecioo 03/28/12 7:06:00 AM #9:	*SunbakedOrphan posted...* If you take a lump sum, I'm pretty sure that the figure you receive is significantly lower than what you would end up receiving if you took monthly payments Yeah, because they try and do it in a way that avoids you getting blasted by taxes by spacing it out. But when the jackpot is almost 500 million dollars, I don't think anyone would object to just taking the lump sum 250ish million dollars as opposed to having to wait 30 years for however much more. -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:960101] in Mega Milli... [t:62379527]...</cite> <quote> SunbakedOrphan posted...If you take a lump sum, I'm pretty sure that the figure you receive is significantly lower than what you would end up receiving if you took monthly paymentsYeah, because they try and do it in a way that avoids you getting blasted by taxes by spacing it out.But when the jackpot is almost 500 million dollars, I don't think anyone would object to just taking the lump sum 250ish million dollars as opposed to having to wait 30 years for however much more. -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gifhttp://www.megavideo.com/?v=57N0YAEJ </quote> ... Copied to Clipboard!
Rad Link 5 03/28/12 7:08:00 AM #10:	My father always says he'd rather just take the lump sum and invest the money himself. Having never had that much money myself, I don't know if there's any merit to such an idea. -- Ace Detective in Sir Chris' Police I assure you, my dear, all Ace Detectives are perfect gentlemen! <cite>Rad Link 5 posted [p:960102] in Mega Milli... [t:62379527]...</cite> <quote> My father always says he'd rather just take the lump sum and invest the money himself. Having never had that much money myself, I don't know if there's any merit to such an idea. -- Ace Detective in Sir Chris' PoliceI assure you, my dear, all Ace Detectives are perfect gentlemen! </quote> ... Copied to Clipboard!
Ayuyu 03/28/12 7:08:00 AM #11:	From: Aecioo \| #004 *Ayuyu posted...* Isn't the prize much lower because of taxes? yeah, you'll get somewhere around 240 million dollars. so Well I can't build myself a kingdom with a mere 240 millions. Not worth it at all. -- http://img.imgcake.com/cosplaygifer.gif http://en.wikipedia.org/wiki/TORtanic <cite>Ayuyu posted [p:960103] in Mega Milli... [t:62379527]...</cite> <quote> From: Aecioo \| #004Ayuyu posted...Isn't the prize much lower because of taxes?yeah, you'll get somewhere around 240 million dollars.soWell I can't build myself a kingdom with a mere 240 millions.Not worth it at all. -- http://img.imgcake.com/cosplaygifer.gifhttp://en.wikipedia.org/wiki/TORtanic </quote> ... Copied to Clipboard!
scotted4 03/28/12 7:12:00 AM #12:	Well if they ever go bankrupt/out of business and you chose the spread out payment plan, I'm not sure if you will end up getting the rest of it. <cite>scotted4 posted [p:960104] in Mega Milli... [t:62379527]...</cite> <quote> Well if they ever go bankrupt/out of business and you chose the spread out payment plan, I'm not sure if you will end up getting the rest of it. </quote> ... Copied to Clipboard!
Aecioo 03/28/12 7:13:00 AM #13:	*Rad Link 5 posted...* My father always says he'd rather just take the lump sum and invest the money himself. Having never had that much money myself, I don't know if there's any merit to such an idea. I really think that unless you've grown up rich, it's almost impossible to ever burn through that much money unless you're one of those idiots that gets a financial adviser who tells you to invest in hauling icebergs from the north pole to Hawaii to create colder swimming pools, or something. It's one thing for athletes to burn through their money because they believe they will always be making 20 million a year so they act like they have 200 million when they only have 20 million, but to actually suddenly have 200 million out of nowhere is different. I don't know. I just can't see myself using even 100 million dollars in a lifetime, let alone double that. edit - point of this post was to say that it would be really easy to invest a lot of the money in "safe" ways because chances are you're not going to miss the money anyway -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:960105] in Mega Milli... [t:62379527]...</cite> <quote> Rad Link 5 posted...My father always says he'd rather just take the lump sum and invest the money himself. Having never had that much money myself, I don't know if there's any merit to such an idea.I really think that unless you've grown up rich, it's almost impossible to ever burn through that much money unless you're one of those idiots that gets a financial adviser who tells you to invest in hauling icebergs from the north pole to Hawaii to create colder swimming pools, or something. It's one thing for athletes to burn through their money because they believe they will always be making 20 million a year so they act like they have 200 million when they only have 20 million, but to actually suddenly have 200 million out of nowhere is different.I don't know.I just can't see myself using even 100 million dollars in a lifetime, let alone double that.edit - point of this post was to say that it would be really easy to invest a lot of the money in "safe" ways because chances are you're not going to miss the money anyway -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gifhttp://www.megavideo.com/?v=57N0YAEJ </quote> ... Copied to Clipboard!
The Real Truth 03/28/12 7:14:00 AM #14:	From: Aecioo \| #006 If we could conceivably pool our money and hope that it equals 170 million, we can guarantee ourselves winning by playing every possible combination. In the end it would be a gain of about 70 million. WHAT CAN GO WRONG That's assuming nobody else wins. -- Tornadoman78: tornadoman and tornadogirl like to kick box each other in my tornaolayzers and she dosent even mind getting hit <cite>The Real Truth posted [p:960106] in Mega Milli... [t:62379527]...</cite> <quote> From: Aecioo \| #006If we could conceivably pool our money and hope that it equals 170 million, we can guarantee ourselves winning by playing every possible combination. In the end it would be a gain of about 70 million. WHAT CAN GO WRONGThat's assuming nobody else wins. -- Tornadoman78:tornadoman and tornadogirl like to kick box each other in my tornaolayzers and she dosent even mind getting hit </quote> ... Copied to Clipboard!
Rad Link 5 03/28/12 7:15:00 AM #15:	From: Aecioo \| #012 a financial adviser who tells you to invest in hauling icebergs from the north pole to Hawaii to create colder swimming pools You're investing in this, too? We're gonna be rich, man. -- Ace Detective in Sir Chris' Police http://i55.tinypic.com/30sga2r.gif <cite>Rad Link 5 posted [p:960107] in Mega Milli... [t:62379527]...</cite> <quote> From: Aecioo \| #012a financial adviser who tells you to invest in hauling icebergs from the north pole to Hawaii to create colder swimming poolsYou're investing in this, too?We're gonna be rich, man. -- Ace Detective in Sir Chris' Policehttp://i55.tinypic.com/30sga2r.gif </quote> ... Copied to Clipboard!
SlymDayspring 03/28/12 9:04:00 AM #16:	it's almost impossible to ever burn through that much money unless you're one of those idiots so basically it is impossible to burn through that much money unless you are the vast majority of board 8 -- I'm "kind of a big deal". http://img.imgcake.com/cyclo/Cyclopngegpngre.png <cite>SlymDayspring posted [p:960108] in Mega Milli... [t:62379527]...</cite> <quote> it's almost impossible to ever burn through that much money unless you're one of those idiotsso basically it is impossible to burn through that much money unless you are the vast majority of board 8 -- I'm "kind of a big deal".http://img.imgcake.com/cyclo/Cyclopngegpngre.png </quote> ... Copied to Clipboard!
Ayuyu 03/28/12 9:06:00 AM #17:	Honestly if I'd win that much money I don't think I,d change my lifestyle much except for a trip with bros every summer. But a month long trip every year won't burn through 100 million bucks. -- http://img.imgcake.com/cosplaygifer.gif http://en.wikipedia.org/wiki/TORtanic <cite>Ayuyu posted [p:960109] in Mega Milli... [t:62379527]...</cite> <quote> Honestly if I'd win that much money I don't think I,d change my lifestyle much except for a trip with bros every summer.But a month long trip every year won't burn through 100 million bucks. -- http://img.imgcake.com/cosplaygifer.gifhttp://en.wikipedia.org/wiki/TORtanic </quote> ... Copied to Clipboard!
vcharon 03/28/12 9:14:00 AM #18:	Are people in here worried about having too much money? If you win, give me a buzz and I'll take some of it off your hands. -- Still smilin' :> <cite>vcharon posted [p:960110] in Mega Milli... [t:62379527]...</cite> <quote> Are people in here worried about having too much money? If you win, give me a buzz and I'll take some of it off your hands. -- Still smilin':> </quote> ... Copied to Clipboard!
SlymDayspring 03/28/12 9:15:00 AM #19:	I don't think any people in here are saying anything like that maybe ayuyu, but not any people. -- I'm "kind of a big deal". http://img.imgcake.com/cyclo/Cyclopngegpngre.png <cite>SlymDayspring posted [p:960111] in Mega Milli... [t:62379527]...</cite> <quote> I don't think any people in here are saying anything like thatmaybe ayuyu, but not any people. -- I'm "kind of a big deal".http://img.imgcake.com/cyclo/Cyclopngegpngre.png </quote> ... Copied to Clipboard!
neonreaper 03/28/12 9:19:00 AM #20:	*SunbakedOrphan posted...* If you take a lump sum, I'm pretty sure that the figure you receive is significantly lower than what you would end up receiving if you took monthly payments Also, if you take the payments, they don't actually pay you 476M anyway. -- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. <cite>neonreaper posted [p:960112] in Mega Milli... [t:62379527]...</cite> <quote> SunbakedOrphan posted...If you take a lump sum, I'm pretty sure that the figure you receive is significantly lower than what you would end up receiving if you took monthly paymentsAlso, if you take the payments, they don't actually pay you 476M anyway. -- Donny: Are they gonna hurt us, Walter?Walter: No, Donny. These men are cowards. </quote> ... Copied to Clipboard!
neonreaper 03/28/12 9:22:00 AM #21:	I could see myself hooking up a few board 8ers that I like with some moneys -- Donny: Are they gonna hurt us, Walter? Walter: No, Donny. These men are cowards. <cite>neonreaper posted [p:960113] in Mega Milli... [t:62379527]...</cite> <quote> I could see myself hooking up a few board 8ers that I like with some moneys -- Donny: Are they gonna hurt us, Walter?Walter: No, Donny. These men are cowards. </quote> ... Copied to Clipboard!
Psycho_Kenshin 03/28/12 9:24:00 AM #22:	If I won 476 million dollars from this I would give 1 million to board 8 hell yes. -- One Piece: Pirates with style! -= Metal Gear Solid: Tactical Espionage Action =- <cite>Psycho_Kenshin posted [p:960114] in Mega Milli... [t:62379527]...</cite> <quote> If I won 476 million dollars from this I would give 1 million to board 8 hell yes. -- One Piece: Pirates with style!-= Metal Gear Solid: Tactical Espionage Action =- </quote> ... Copied to Clipboard!
Gwindor 03/28/12 9:28:00 AM #23:	Most people, if they don't already manage a sum of money that large, are completely unprepared to do so. Banks will only guarantee a small amount (never over 1 million) and so just saving your money become a challenge. People that aren't used to asset management can quickly lose it all. -- "What if you just eat vegetarians?"-neonreaper "^ You are what you eat. ^_~"-Koiji <cite>Gwindor posted [p:960115] in Mega Milli... [t:62379527]...</cite> <quote> Most people, if they don't already manage a sum of money that large, are completely unprepared to do so. Banks will only guarantee a small amount (never over 1 million) and so just saving your money become a challenge. People that aren't used to asset management can quickly lose it all. -- "What if you just eat vegetarians?"-neonreaper"^ You are what you eat. ^_~"-Koiji </quote> ... Copied to Clipboard!
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Alfalphamale 03/29/12 6:09:00 PM #25:	My state doesn't have Mega Millions :( Luckily I can buy tickets online, huzzah! <cite>Alfalphamale posted [p:960117] in Mega Milli... [t:62379527]...</cite> <quote> My state doesn't have Mega Millions :(Luckily I can buy tickets online, huzzah! </quote> ... Copied to Clipboard!
McBonesII 03/29/12 6:18:00 PM #26:	it's up to 540 now and it doesn't even draw until tomorrow. I always enter pools at work, even second prize gets me a decent amount of money, and I'd probably just blow the $5 on something stupid anyway so might as well play -- http://img.imgcake.com/McBones/MvC3politicalupdatejpgyt.jpg <cite>McBonesII posted [p:960118] in Mega Milli... [t:62379527]...</cite> <quote> it's up to 540 now and it doesn't even draw until tomorrow. I always enter pools at work, even second prize gets me a decent amount of money, and I'd probably just blow the $5 on something stupid anyway so might as well play -- http://img.imgcake.com/McBones/MvC3politicalupdatejpgyt.jpg </quote> ... Copied to Clipboard!
JaKyL25 03/29/12 6:23:00 PM #27:	I would just take the payment plan and then never have to worry about "investing" or anything like that, and just know that I have a still-moderately-ridiculous cash flow coming in annually for the rest of my life. EDIT: $50K per year is pretty much the tipping point there. If it's less, then give me lump sum. But this obviously wouldn't be less. -- Thank you, Eddie Guerrero. http://bryandanielson.net/wp-content/uploads/2011/12/photo3.jpg <cite>JaKyL25 posted [p:960119] in Mega Milli... [t:62379527]...</cite> <quote> I would just take the payment plan and then never have to worry about "investing" or anything like that, and just know that I have a still-moderately-ridiculous cash flow coming in annually for the rest of my life.EDIT: $50K per year is pretty much the tipping point there. If it's less, then give me lump sum. But this obviously wouldn't be less. -- Thank you, Eddie Guerrero.http://bryandanielson.net/wp-content/uploads/2011/12/photo3.jpg </quote> ... Copied to Clipboard!
Alfalphamale 03/29/12 6:29:00 PM #28:	What about inflation? Who knows if I'll even be alive in 25 years. I can just put it all in a Swedish bank account and just live off of the interest forever :) <cite>Alfalphamale posted [p:960120] in Mega Milli... [t:62379527]...</cite> <quote> What about inflation? Who knows if I'll even be alive in 25 years. I can just put it all in a Swedish bank account and just live off of the interest forever :) </quote> ... Copied to Clipboard!
Red Shifter 03/29/12 6:40:00 PM #29:	hauling icebergs from the north pole i heard they take from the south pole to deliver drinking water to third world nations -- It's F-Zero. F-ZEEEEEEEEEEEEEEEEEEEEEEEEEERO! http://img.imgcake.com/RedShifter/straitjacketdswordjpgem.jpg <cite>Red Shifter posted [p:960121] in Mega Milli... [t:62379527]...</cite> <quote> hauling icebergs from the north polei heard they take from the south pole to deliver drinking water to third world nations -- It's F-Zero. F-ZEEEEEEEEEEEEEEEEEEEEEEEEEERO!http://img.imgcake.com/RedShifter/straitjacketdswordjpgem.jpg </quote> ... Copied to Clipboard!
McBonesII 03/29/12 6:44:00 PM #30:	Also, most people don't know, but the yearly payout option usually comes with a clause that states that it does not transfer to next of kin, meaning that if you die the payments will cease, which could potentially leave all the debt onto your family if you don't spend too intelligently so yeah, always lump sum -- http://img.imgcake.com/McBones/MvC3politicalupdatejpgyt.jpg <cite>McBonesII posted [p:960122] in Mega Milli... [t:62379527]...</cite> <quote> Also, most people don't know, but the yearly payout option usually comes with a clause that states that it does not transfer to next of kin, meaning that if you die the payments will cease, which could potentially leave all the debt onto your family if you don't spend too intelligentlyso yeah, always lump sum -- http://img.imgcake.com/McBones/MvC3politicalupdatejpgyt.jpg </quote> ... Copied to Clipboard!
Wanglicious 03/29/12 6:49:00 PM #31:	it's plenty more than 50k/year, don't even need to worry on that. you can live MORE than comfortably enough and even with inflation will be fine. but lump sum anyway because if you invest with it properly you'll get plenty more returns. -- The King Wang. Listen up Urinal Cake. I already have something that tells me if I'm too drunk when I pee on it: My friends. - Colbert. <cite>Wanglicious posted [p:960123] in Mega Milli... [t:62379527]...</cite> <quote> it's plenty more than 50k/year, don't even need to worry on that. you can live MORE than comfortably enough and even with inflation will be fine.but lump sum anyway because if you invest with it properly you'll get plenty more returns. -- The King Wang.Listen up Urinal Cake. I already have something that tells me if I'm too drunk when I pee on it: My friends. - Colbert. </quote> ... Copied to Clipboard!
swordz9 03/29/12 6:55:00 PM #32:	If I won I'd donate a few million dollars to a couple charities and I'd probably travel quite a bit too since I've never been anywhere. -- http://myanimelist.net/animelist/swordz9 <cite>swordz9 posted [p:960124] in Mega Milli... [t:62379527]...</cite> <quote> If I won I'd donate a few million dollars to a couple charities and I'd probably travel quite a bit too since I've never been anywhere. -- http://myanimelist.net/animelist/swordz9 </quote> ... Copied to Clipboard!
WhoopsyDaisy 03/29/12 7:13:00 PM #33:	I'd feel really really awkward radically adjusting my spending habits. I don't think my tastes would all of a sudden get vastly more expensive. I think I'd just... you know... not worry about what things cost. I'd probably sell my condo and buy something nicer, but other than that I think my life would be a more convenient version of itself. -- senorhousemouse <cite>WhoopsyDaisy posted [p:960125] in Mega Milli... [t:62379527]...</cite> <quote> I'd feel really really awkward radically adjusting my spending habits. I don't think my tastes would all of a sudden get vastly more expensive. I think I'd just... you know... not worry about what things cost. I'd probably sell my condo and buy something nicer, but other than that I think my life would be a more convenient version of itself. -- senorhousemouse </quote> ... Copied to Clipboard!
foolm0ron 03/29/12 7:17:00 PM #34:	From: Aecioo \| #009 Yeah, because they try and do it in a way that avoids you getting blasted by taxes by spacing it out. But when the jackpot is almost 500 million dollars, I don't think anyone would object to just taking the lump sum 250ish million dollars as opposed to having to wait 30 years for however much more. And in 30 years, 250 million will be worth a lot less -- _foolmo_ 'Oh please, if foolmo made that analogy you'd think it was picture perfect' - Biolizard28 <cite>foolm0ron posted [p:960126] in Mega Milli... [t:62379527]...</cite> <quote> From: Aecioo \| #009Yeah, because they try and do it in a way that avoids you getting blasted by taxes by spacing it out.But when the jackpot is almost 500 million dollars, I don't think anyone would object to just taking the lump sum 250ish million dollars as opposed to having to wait 30 years for however much more.And in 30 years, 250 million will be worth a lot less -- _foolmo_'Oh please, if foolmo made that analogy you'd think it was picture perfect' - Biolizard28 </quote> ... Copied to Clipboard!
EndOfDiscOne 03/29/12 7:32:00 PM #35:	I'm pretty sure you guys have it backwards. The $476 million is assuming you take it over the 10 or 30 years, however long it is. If you take the lump sum, it gets discounted over all of those years. On top of the tax. -- http://img.imgcake.com/fitgirljpgta.jpg <cite>EndOfDiscOne posted [p:960127] in Mega Milli... [t:62379527]...</cite> <quote> I'm pretty sure you guys have it backwards. The $476 million is assuming you take it over the 10 or 30 years, however long it is. If you take the lump sum, it gets discounted over all of those years. On top of the tax. -- http://img.imgcake.com/fitgirljpgta.jpg </quote> ... Copied to Clipboard!
tyder21 03/29/12 7:57:00 PM #36:	http://www.usamega.com/mega-millions-jackpot.asp Relevant information. -- Pun's Rendition of Myself: http://img.imgcake.com/Punny/TYDERpngyr.png Anime List: http://myanimelist.net/profile/tyder21 <cite>tyder21 posted [p:960128] in Mega Milli... [t:62379527]...</cite> <quote> http://www.usamega.com/mega-millions-jackpot.aspRelevant information. -- Pun's Rendition of Myself: http://img.imgcake.com/Punny/TYDERpngyr.pngAnime List: http://myanimelist.net/profile/tyder21 </quote> ... Copied to Clipboard!
Aecioo 03/29/12 8:05:00 PM #37:	*EndOfDiscOne posted...* I'm pretty sure you guys have it backwards. The $476 million is assuming you take it over the 10 or 30 years, however long it is. If you take the lump sum, it gets discounted over all of those years. With the tax on top of that. Edit: nevermind SunbakedOrphan already explained it. what no one said you get more money taking the lump sum -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gif http://www.megavideo.com/?v=57N0YAEJ <cite>Aecioo posted [p:960129] in Mega Milli... [t:62379527]...</cite> <quote> EndOfDiscOne posted...I'm pretty sure you guys have it backwards. The $476 million is assuming you take it over the 10 or 30 years, however long it is. If you take the lump sum, it gets discounted over all of those years. With the tax on top of that.Edit: nevermind SunbakedOrphan already explained it.whatno one said you get more money taking the lump sum -- http://28.media.tumblr.com/tumblr_lcb35gGx0t1qailr4o1_500.gifhttp://www.megavideo.com/?v=57N0YAEJ </quote> ... Copied to Clipboard!
RayDyn 03/29/12 8:36:00 PM #38:	The other deal with taking the payments is that when you die, your family does not get the remainder of the payments, so if you only live for two months after you start receiving the payments, you only got a small amount, and your family don't get s*. -- http://i1024.photobucket.com/albums/y306/greenseafoam/idunno.jpg http://img.imgcake.com/zoidberg2re.gif <cite>RayDyn posted [p:960130] in Mega Milli... [t:62379527]...</cite> <quote> The other deal with taking the payments is that when you die, your family does not get the remainder of the payments, so if you only live for two months after you start receiving the payments, you only got a small amount, and your family don't get s*. -- http://i1024.photobucket.com/albums/y306/greenseafoam/idunno.jpghttp://img.imgcake.com/zoidberg2re.gif </quote> ... Copied to Clipboard!
Leebo86 03/30/12 4:42:00 AM #39:	From: RayDyn \| #038 The other deal with taking the payments is that when you die, your family does not get the remainder of the payments, so if you only live for two months after you start receiving the payments, you only got a small amount, and your family don't get s*. Not according to this. http://www.megamillions.com/faqs/#9 -- Connecticut Huskies <cite>Leebo86 posted [p:960131] in Mega Milli... [t:62379527]...</cite> <quote> From: RayDyn \| #038The other deal with taking the payments is that when you die, your family does not get the remainder of the payments, so if you only live for two months after you start receiving the payments, you only got a small amount, and your family don't get s*.Not according to this.http://www.megamillions.com/faqs/#9 -- Connecticut Huskies </quote> ... Copied to Clipboard!
azuarc 03/30/12 5:00:00 AM #40:	Pennsylvania: No State Tax on Lottery Prizes! Excellent... So let's see, I'm supposed to pick 5 numbers out of 56, and then 1 number out of a different set of 46? C(56,5) = 3819816 Multiply that by 46 options on the last number, and you get 175,711,536. So $175,711,536 to play every ticket possible. And a payout of $292,500,000 for a lumpsum payout. Cya guys, I'm off to the bank to ask for a $176 million loan. <cite>azuarc posted [p:960132] in Mega Milli... [t:62379527]...</cite> <quote> Pennsylvania: No State Tax on Lottery Prizes!Excellent...So let's see, I'm supposed to pick 5 numbers out of 56, and then 1 number out of a different set of 46?C(56,5) = 3819816Multiply that by 46 options on the last number, and you get 175,711,536.So $175,711,536 to play every ticket possible. And a payout of $292,500,000 for a lumpsum payout. Cya guys, I'm off to the bank to ask for a $176 million loan. </quote> ... Copied to Clipboard!
Xuxon 03/30/12 7:06:00 AM #41:	With how much the jackpot has increased since last time already, it's highly likely that you'll be splitting that jackpot and lose money. Possibly even splitting it 3 or 4 ways. I don't even think the overall expected value per ticket is going to be positive with how many tickets people are buying now, but even if it is, clearly that play is far too risky unless you already have billions. -- My rivalry with SuperNiceDog turned out a bit one-sided. <cite>Xuxon posted [p:960133] in Mega Milli... [t:62379527]...</cite> <quote> With how much the jackpot has increased since last time already, it's highly likely that you'll be splitting that jackpot and lose money. Possibly even splitting it 3 or 4 ways. I don't even think the overall expected value per ticket is going to be positive with how many tickets people are buying now, but even if it is, clearly that play is far too risky unless you already have billions. -- My rivalry with SuperNiceDog turned out a bit one-sided. </quote> ... Copied to Clipboard!
MarvelousGerbil 03/30/12 7:22:00 AM #42:	Is this the "estimated jackpot"? Because what if the estimation is really off and they were off by two zeroes. I estimate that you'd be pissed. -- http://24.media.tumblr.com/tumblr_m0w5gaZ9I51r5z4sho3_250.gif?tti <cite>MarvelousGerbil posted [p:960134] in Mega Milli... [t:62379527]...</cite> <quote> Is this the "estimated jackpot"? Because what if the estimation is really off and they were off by two zeroes. I estimate that you'd be pissed. -- http://24.media.tumblr.com/tumblr_m0w5gaZ9I51r5z4sho3_250.gif?tti </quote> ... Copied to Clipboard!
Leebo86 03/30/12 7:26:00 AM #43:	The estimated jackpot has gone up to $540 million in the time since the topic was made. -- Connecticut Huskies <cite>Leebo86 posted [p:960135] in Mega Milli... [t:62379527]...</cite> <quote> The estimated jackpot has gone up to $540 million in the time since the topic was made. -- Connecticut Huskies </quote> ... Copied to Clipboard!
PartOfYourWorld 03/30/12 7:41:00 AM #44:	So uhh what would you guys do with all that scratch (apart from the usual good samaritan stuff)? I'd like to build a house. Not too huge a house, but it would have one secret room and a secret basement modeled after the labs in Resident Evil. -- Yoblazer: http://i33.tinypic.com/ml36gl_th.gif Watch and you'll see... someday I'll be... part of your world! <cite>PartOfYourWorld posted [p:960136] in Mega Milli... [t:62379527]...</cite> <quote> So uhh what would you guys do with all that scratch (apart from the usual good samaritan stuff)? I'd like to build a house. Not too huge a house, but it would have one secret room and a secret basement modeled after the labs in Resident Evil. -- Yoblazer: http://i33.tinypic.com/ml36gl_th.gifWatch and you'll see... someday I'll be... part of your world! </quote> ... Copied to Clipboard!
Alfalphamale 03/30/12 8:35:00 AM #45:	http://www.usamega.com/mega-millions-jackpot.asp Relevant information. http://fintrend.com/financial-calculators/retirement-planning-calculator/ It's not that accurate since it doesn't account for inflation every single year, but...even though if you took the annuity payments. By the time you are done with your annuity (given a 1% inflation rate...which is 1/3 of the average). Adjusted with inflation, the worth of what you have is $291 Million. As opposed to $292 million you would have now in which you can just put it in a bank and then investing with that money. I couldn't find a more accurate calculator though, so maybe someone could help me out with the actual numbers. Thanks <cite>Alfalphamale posted [p:960137] in Mega Milli... [t:62379527]...</cite> <quote> http://www.usamega.com/mega-millions-jackpot.aspRelevant information.http://fintrend.com/financial-calculators/retirement-planning-calculator/It's not that accurate since it doesn't account for inflation every single year, but...even though if you took the annuity payments.By the time you are done with your annuity (given a 1% inflation rate...which is 1/3 of the average).Adjusted with inflation, the worth of what you have is $291 Million.As opposed to $292 million you would have now in which you can just put it in a bank and then investing with that money.I couldn't find a more accurate calculator though, so maybe someone could help me out with the actual numbers. Thanks </quote> ... Copied to Clipboard!
Leebo86 03/30/12 9:11:00 AM #46:	Estimate is at 640 mil now -- Connecticut Huskies <cite>Leebo86 posted [p:960138] in Mega Milli... [t:62379527]...</cite> <quote> Estimate is at 640 mil now -- Connecticut Huskies </quote> ... Copied to Clipboard!
AsurasKordoth 03/30/12 9:53:00 AM #47:	Only the jackpot gets split right so if you get the 5 + 0 prize you would get the $250k (minus taxes) to yourself? -- -Merc <cite>AsurasKordoth posted [p:960139] in Mega Milli... [t:62379527]...</cite> <quote> Only the jackpot gets split right so if you get the 5 + 0 prize you would get the $250k (minus taxes) to yourself? -- -Merc </quote> ... Copied to Clipboard!
Leebo86 03/30/12 9:55:00 AM #48:	Yes, only jackpots are split. -- Connecticut Huskies <cite>Leebo86 posted [p:960140] in Mega Milli... [t:62379527]...</cite> <quote> Yes, only jackpots are split. -- Connecticut Huskies </quote> ... Copied to Clipboard!
bryans7 03/30/12 10:00:00 AM #49:	That reminds me of a funny lotto story. Somewhere in New York, over 100 people all got 5 numbers on the Powerball (all but the powerball number). They investigated for shenanigans and discovered a local fortune cookie company printed the numbers on the backs of fortunes that week. -- quate the ravens never more <cite>bryans7 posted [p:960141] in Mega Milli... [t:62379527]...</cite> <quote> That reminds me of a funny lotto story. Somewhere in New York, over 100 people all got 5 numbers on the Powerball (all but the powerball number). They investigated for shenanigans and discovered a local fortune cookie company printed the numbers on the backs of fortunes that week. -- quate the ravens never more </quote> ... Copied to Clipboard!
RayDyn 03/30/12 12:25:00 PM #50:	From: Leebo86 \| Posted: 3/30/2012 7:42:57 AM \| #039 Not according to this. http://www.megamillions.com/faqs/#9 I could've sworn it was the way I described, I must be thinking of something else then, oh well. -- http://img.imgcake.com/SgtSphynx/raypngjaez.png http://img.imgcake.com/SgtSphynx/raydynpngtyse.png <cite>RayDyn posted [p:960142] in Mega Milli... [t:62379527]...</cite> <quote> From: Leebo86 \| Posted: 3/30/2012 7:42:57 AM \| #039Not according to this.http://www.megamillions.com/faqs/#9I could've sworn it was the way I described, I must be thinking of something else then, oh well. -- http://img.imgcake.com/SgtSphynx/raypngjaez.pnghttp://img.imgcake.com/SgtSphynx/raydynpngtyse.png </quote> ... Copied to Clipboard!
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Board 8 > Mega Millions is now 476 million dollars... (+) Yeah! (+)

Board 8 > Mega Millions is now 476 million dollars...