Lotto (Mega Millions) top prize could reach a Billion tonight

shari91 · 12-17-13, 12:27 PM

Ours in Oz tonight was 70 million which is still a huge chunk of cash and someone won it. I learned so many things in the TT but I think the best one was on another site where all the former TT guys explained to me how my idea that I'd have a better chance of winning in such a small country was bs. I was so convinced I could game the system with fewer potential buyers here but nope! Stupid Shari. I did win $400 tonight though off of $22 spent so that's something... sure ain't 70 million though.

Killer_Demo · 12-17-13, 12:37 PM

Got my 1 ticket

stevenash · 12-17-13, 12:48 PM

^
I won't go crazy, five, maybe 10 max, some people are buy hundreds of dollars worth

d2bets · 12-17-13, 12:48 PM

If you take the lump sum (less than the full amount), after taxes, what % is the take home? Like 40%? Just curious?

stevenash · 12-17-13, 12:49 PM

Originally posted by d2bets

If you take the lump sum (less than the full amount), after taxes, what % is the take home? Like 40%? Just curious?

Pretty much, if there is one winner, lump sum after taxes, clears 450 million give or take.

boeing power · 12-17-13, 12:50 PM

I'm crossing the border for Xmass shopping this afternoon and will buy a few tickets.

Vitothecapper · 12-17-13, 12:51 PM

Originally posted by d2bets

If you take the lump sum (less than the full amount), after taxes, what % is the take home? Like 40%? Just curious?

You get half less the taxes if you take the lump sum

The other I believe is paid in full over 30 Years.

After 90 days if you don't claim you cant take the lump sum...

Something like that.

d2bets · 12-17-13, 12:51 PM

Originally posted by stevenash

Pretty much, if there is one winner, lump sum after taxes, clears 450 million give or take.

450 out of 1 billion?

Russian Rocket · 12-17-13, 12:51 PM

sending my runners in California to get 100 tickets

d2bets · 12-17-13, 12:52 PM

Originally posted by Vitothecapper

You get half less the taxes if you take the lump sum

The other I believe is paid in full over 30 Years.

After 90 days if you don't claim you cant take the lump sum...

Something like that.

So 1 billion, half is 500 mil, minus another 40% taxes (assuming no state taxes) would be 300 mil. So it's closer to 30%?

Vitothecapper · 12-17-13, 12:54 PM

Goldie if I'm the only jackpot w winner you get a cool $1,000,000 in cash!

I would love to see your post and video's after a few months of gambling it all away!

Vitothecapper · 12-17-13, 12:56 PM

Originally posted by d2bets

So 1 billion, half is 500 mil, minus another 40% taxes (assuming no state taxes) would be 300 mil. So it's closer to 30%?

Yes plus whatever you earned for the year!

~

But you can claim your gambling loses up to your winnings if you have proof.

Tough to get a voucher from the sportsbooks and locals tho.

jjgold · 12-17-13, 12:59 PM

Vito I just printed this out
It could get ugly if you win
I will have a lawyer and show him your post

Vito I hope you win

Originally posted by Vitothecapper

if I'm the only jackpot w winner you get a cool $1,000,000 in cash!

I would love to see your post and video's after a few months of gambling it all away!

boeing power · 12-17-13, 01:00 PM

Originally posted by Vitothecapper

Yes plus whatever you earned for the year!

~

But you can claim your gambling loses up to your winnings if you have proof.

Tough to get a voucher from the sportsbooks and locals tho.

So Brock landers wouldn't have to pay taxes on the $640 million then.

BigDeem5 · 12-17-13, 01:01 PM

The lump sum would be about 361 million

Vitothecapper · 12-17-13, 01:09 PM

Originally posted by jjgold

Vito I just printed this out
It could get ugly if you win
I will have a lawyer and show him your post

Vito I hope you win

Yeah no problem!

I just want to see you make a video everyday showing everyone whats like to gamble and have money!

Russian Rocket · 12-17-13, 01:12 PM

Vito is a good man...who doesn't mind sharing his winnings with a board.
You go Vito!

Vitothecapper · 12-17-13, 01:24 PM

Originally posted by Russian Rocket

Vito is a good man...who doesn't mind sharing his winnings with a board.
You go Vito!

I know three People who have hit the lottery.

One was a guy that I delivered the papers to as a kid..he was a god tipper too.

The other 2 were the ones they made the movie about when the waitress gets left lottery ticket has a tip..

Wasn't the real story tho..

She was his mistress all along.

Were from Yonkers!

stevenash · 12-17-13, 01:42 PM

Originally posted by Vitothecapper

Were from Yonkers!

Fairfield Ct. here, Yonkers knows a thing or two about gambling

Vitothecapper · 12-17-13, 01:45 PM

Originally posted by stevenash

Fairfield Ct. here, Yonkers knows a thing or two about gambling

It's shocking how many of us are down here now..

SamDiamond · 12-17-13, 01:46 PM

I always play when it gets outrageous like this.

I was getting gas this morning and some lady bought 20 bucks worth of tickets--- but didn't know she could not pay with her CC.

So it turns out-- the store/clerk is on the hook for those tickets--- they usually get sold.

I bought them----

I may owe that lady a few bucks.....

Vitothecapper · 12-17-13, 01:49 PM

Originally posted by SamDiamond

I always play when it gets outrageous like this.

I was getting gas this morning and some lady bought 20 bucks worth of tickets--- but didn't know she could not pay with her CC.

So it turns out-- the store/clerk is on the hook for those tickets--- they usually get sold.

I bought them----

I may owe that lady a few bucks.....

Yeah I had a lady ahead of me buy $5 worth but wanted individual tickets to give as gifts.

She wanted to exchange them.

You know I was going to let that happen!

VegasInsider · 12-17-13, 01:49 PM

If I win, I'll buy SBR

shari91 · 12-17-13, 01:54 PM

Originally posted by VegasInsider

If I win, I'll buy SBR

And then shut it down? (YES!!!)

I reckon John would sell for like 300k at this point.

VegasInsider · 12-17-13, 02:10 PM

Nice to see you back, Shari

Zenyatta 19-1 · 12-17-13, 02:12 PM

i matched 4 of the 5 regular balls on friday...won 500...1 away from a million

Russian Rocket · 12-17-13, 02:14 PM

Originally posted by shari91

And then shut it down? (YES!!!)

I reckon John would sell for like 300k at this point.

299,995.00 without poker software

ChalkyDog · 12-17-13, 02:15 PM

$220 mil after taxes is what this would pay out with the lump sum.

If you take the annuity, you're a goddamn moron.

stevenash · 12-17-13, 02:20 PM

Bet the Board

Please enter amounts for one or more bets below and click on Continue above or below.

<small>Mega Millions Jackpot Winner</small>
Tue 12/17	11 Mega Millions Jackpot Winner 12/17/2013	<input id="editx" name="M1_0" size="4" style="font-size: 1em; color: rgb(68, 68, 68);"> -500
10:30PM	12 No Jackpot Winner 12/17/2013	<input id="editx" name="M2_0" size="4" style="font-size: 1em; color: rgb(68, 68, 68);"> +400
<small>Powerbal Jackpot Winner</small>
Wed 12/18	11 Powerball Jackpot Winner 12/18/2013	<input id="editx" name="M1_1" size="4" style="font-size: 1em; color: rgb(68, 68, 68);"> +850
10:30PM	12 No Jackpot Winner 12/18/2013	<input id="editx" name="M2_1" size="4" style="font-size: 1em; color: rgb(68, 68, 68);"> -1300

Sam Odom · 12-17-13, 02:21 PM

Originally posted by VegasInsider

Nice to see you back, Shari

The Power of Prayer !!

shari91 · 12-17-13, 02:22 PM

Originally posted by VegasInsider

Nice to see you back, Shari

Can only spot comment these days but I'm always watching... you know I adore you sweetpea and hope you are kicking SO many goals!! xo

newguy · 12-17-13, 02:27 PM

Originally posted by ChalkyDog

$220 mil after taxes is what this would pay out with the lump sum.

If you take the annuity, you're a goddamn moron.

Only reason I can think of would be to basically ensure you can't blow it all - but even then you could sell the lump sum to someone who would certainly pay you a higher annuity then lotto (i.e. I think the annuity is over 39 years right? So if you did that, the lotto would give you a check for approx $16.4m every year for 39 years. Cash option is approx $340m, you could sell that to a number of brokers who would likely give you at least 18-19m a year because they could generate much more than that off of investments.)

So if anyone wins - lets talk before you take that annuity - I will get you more every year and just take a small finders fee for the service

SamDiamond · 12-17-13, 02:32 PM

Originally posted by shari91

Can only spot comment these days but I'm always watching... you know I adore you sweetpea and hope you are kicking SO many goals!! xo

Shari-- I gots to ask.

I've been yapping at you to watch "Burning Love" on Yahoo for a year now.

Have you watched it yet?

boeing power · 12-17-13, 03:14 PM

Originally posted by newguy

Only reason I can think of would be to basically ensure you can't blow it all - but even then you could sell the lump sum to someone who would certainly pay you a higher annuity then lotto (i.e. I think the annuity is over 39 years right? So if you did that, the lotto would give you a check for approx $16.4m every year for 39 years. Cash option is approx $340m, you could sell that to a number of brokers who would likely give you at least 18-19m a year because they could generate much more than that off of investments.)

So if anyone wins - lets talk before you take that annuity - I will get you more every year and just take a small finders fee for the service

If I win tonight I'd be just fine with $340 million lump sum and wouldn't even care about making a lot of interest.

I'd probably just split it up into 8 or 10 safe banks around the world, most of it would be here in Canada though.

i know it's not the smartest thing to do but why do I need to turn $340 mil into 500 million.