For Mega Millions winner, the moon's the limit

Sep 16, 2005, 8:15 am (43 comments)

Mega Millions

If you win tonight's Mega Millions lottery — worth roughly $153 million if you select the cash option for the $250 million jackpot — you can buy 120 million liters of Coke at a local grocer.

If you'd like, you could top off with about 186 million gallons of unleaded — which would get you, say, about 12 miles down the road in your gargantuan SUV.

But why settle for small potatoes when you could buy the entire farm — maybe Idaho? Some of the things you could cover with your riches:

• Trip to moon, $100 million. A private firm is working with Russian space officials on the idea, which could launch in three or four years.

• Payroll for the Atlanta Braves, $86.5 million, including the $16 million earned by third baseman Chipper Jones. (Parking and box seats at Turner Field extra.)

• More than 2,000 jail beds in Cobb County, $150 million. Fewer bad guys on street to take the $3 million you'd have left.

• Rolls-Royce Phantom, $329,000, with a little left over for chauffeur, gas, insurance and full-size mansion.

• Nautor Swan 70 sailing yacht, $3.9 million.

• 191 million shares Delta Air Lines stock, $153 million (80 cents a share late Thursday).

Atlanta Journal-Constitution

Comments

Rip Snorter

If you win tonight's Mega Millions lottery — worth roughly $153 million if you select the cash option for the $250 million jackpot — you can buy 120 million liters of Coke at a local grocer.

Something worthy to aspire to when other dreams fail.

Jack

Chewie

When you're ready to do some serious enjoyment of wealth, here is the internet starting place:

http://www.luxurylifestyle.com/index.cfm

My first visit would be to get one of these:

http://www.marquisjet.com/marquisjet/index.html

 

Todd's avatarTodd

If you win tonight's Mega Millions lottery — worth roughly $153 million if you select the cash option for the $250 million jackpot — you can buy 120 million liters of Coke at a local grocer.

Something worthy to aspire to when other dreams fail.

Jack

Green laugh

nomoneybabe

All I can say: Please shut up !!! Naughty

wizeguy's avatarwizeguy

lemme see... two nice cars, a new house, a few vacation homes... furnishing the homes... then I'd put the brakes on for a bitCool

 

crea5e

If I win I'd pay for world peace and a new car to replace the aging honda I have.

 

Peace and a new ride. Smile

 

 

mken32's avatarmken32

Replace my wife Honda too, with over 140k miles...... Come on 250million my way.

crea5e

yeah I got like 176 k  on my accord. I'd keep it but no AC in Houston is not fun.

 

 

rabbitfoot's avatarrabbitfoot

I don't know who did the math for the article, but in Illinois I figure the cash jackpot at 51% or $127,000,000. Then when I subtract out federal (35%) and state taxes (3%) or a total of 38%, I end up with $79,050,000 in hand.  That won't buy 120 million liters of Coke at a local grocer here.

Ineed2win's avatarIneed2win

Smile  Orrrrr  maybe 100 acres of trees located somewhere with an ocean view,  a nice big log cabin and new 4WD to go with that,  oh while i'm dreaming 2 new 4WD .............

oooooooh!!!dream on........Good luck to all !!!!See Ya!

UncleT's avatarUncleT

I'd have to give most of it away after taking care of my family. Scares the crap out of me to win a load like that - the things that money does to people. Got my numbers though, so I'll just have to deal with it when I win ;-)  

There will definitely be a big party ! Party

 

Good luck All !!!

Todd's avatarTodd

I don't know who did the math for the article, but in Illinois I figure the cash jackpot at 51% or $127,000,000. Then when I subtract out federal (35%) and state taxes (3%) or a total of 38%, I end up with $79,050,000 in hand.  That won't buy 120 million liters of Coke at a local grocer here.

I don't know where you got that figure from , but it's wrong.  Check USA Mega for the correct figure.

golotto

If I win the $250Million, the very first thing I'll do tomorrow morning is get a much needed haircut. This would cost me $9.00 locally and I'd certainly tell the barber to keep the change from a ten $ bill.

JAG331

Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

mken32's avatarmken32

Disney HERE I COME

mken32's avatarmken32

Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

What is the MPG? 2 miles

CASH Only

What happened to the guy who wanted to rebuild Detroit? Maybe even he knows it's the Big Easy (why does NO have that nickname?) that needs it the most.

Chewie

Does that Bugatti Veyron 16.4 come with a chauffer? :)

I don't even plan on personannly driving to 7-11 for a Slurpie in the future.

 

golotto

Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

What is the MPG? 2 miles

..wonder what they'd charge for a tune-up on that one? EekEek

JAG331

Haha, 0-60 in 2.9 seconds?  I'd drive that car whenever I could!! 

MPG figures are not available...but I couldn't imagine it'd be much better than 2 mpg, lol.

The newest pricing is around $1.45 million, so I'd have to put down a few more pennies.

weshar75's avatarweshar75

If you won tonight you could afford the million dollar car and a million dollar home a couple of times over.  It would be definitely sweet!

mken32's avatarmken32
Bang Head

Just read an article on the new Bugatti Veyron 16.4 generating the power of 1,001 horses!  With a price tag of $1.24 million I'd have to pick one up! 

What is the MPG? 2 miles

..wonder what they'd charge for a tune-up on that one? EekEek

Probably have send it back where you bought from, Germany to change the spark plugs....

DoubleDown

Or- you could always get a few acres and put a double wide on it.

I remember that's what the first GA Lotto winner said at his press conference back in 1993 when he won a few million. He said he was "goin' to Alabama to look for a few acres and slap a doublewide on it".

 

Yee haw !!

DD

MichiganHopeful's avatarMichiganHopeful

Don't worry, I'll be sure to give a shout out to Lottery Post at the Press conference!! Sun Smiley

Party

Rip Snorter

Or- you could always get a few acres and put a double wide on it.

I remember that's what the first GA Lotto winner said at his press conference back in 1993 when he won a few million. He said he was "goin' to Alabama to look for a few acres and slap a doublewide on it".

 

Yee haw !!

DD

A fancy two-storey mobile home, bass boat in the carport, three junk cars and a brand new hummer would just about cure all ills for anyone.  Anything beyond that and a person would begin to put on airs.

Jack

rabbitfoot's avatarrabbitfoot

I don't know who did the math for the article, but in Illinois I figure the cash jackpot at 51% or $127,000,000. Then when I subtract out federal (35%) and state taxes (3%) or a total of 38%, I end up with $79,050,000 in hand.  That won't buy 120 million liters of Coke at a local grocer here.

I don't know where you got that figure from , but it's wrong.  Check USA Mega for the correct figure.

I checked the Official Mega Million website and it states (copied & pasted below), "Approximately 50% of every dollar wagered goes back to the players as prizes. Well that 50% figure is actually closer to 51%.  As a player, I would get 51% of a stated jackpot- the figure I used above.  At your site, you used the deflated 25% tax figure that states are required to withhold.  However, in the multi-million dollar range, one is in the maximum tax bracket which is 38%, therefore, one is going to have to pony up another 13% of their winnings over your 25% deduction. Actually, 51% of $250-million is $127,500,000 but my final amount of $79,050,000 is valid.
Sorry but Mega USA figures are not correct.  I stand by my figures.

JAG331

Total prize payout percentage is completely different than annuity-value.

twisted's avatartwisted
            
            
            

I don't know who did the math for the article, but in Illinois I figure the cash jackpot at 51% or $127,000,000. Then when I subtract out federal (35%) and state taxes (3%) or a total of 38%, I end up with $79,050,000 in hand. That won't buy 120 million liters of Coke at a local grocer here.

I don't know where you got that figure from , but it's wrong. Check USA Mega for the correct figure.

I checked the Official Mega Million website and it states (copied & pasted below), "Approximately 50% of every dollar wagered goes back to the players as prizes. Well that 50% figure is actually closer to 51%. As a player, I would get 51% of a stated jackpot- the figure I used above. At your site, you used the deflated 25% tax figure that states are required to withhold. However, in the multi-million dollar range, one is in the maximum tax bracket which is 38%, therefore, one is going to have to pony up another 13% of their winnings over your 25% deduction. Actually, 51% of $250-million is $127,500,000 but my final amount of $79,050,000 is valid.
Sorry but Mega USA figures are not correct. I stand by my figures.

You are completely off. When they say approx. 50% of every dollar wagered goes back to the players, they are talking about the amount of money (from the total sales) they assign to pay all the different prize levels including the jackpot. Only 31.8% of every sales dollar is assigned for the jackpot.

As far as the cash value goes, if the jackpot is $250 million like it is tonight the cash value is around $153 million (around 61% of annuity) not 51% of $250 million. (www.ohiolottery.com)

Also, the maximum tax bracket right now is 35% NOT 38% (http://taxes.yahoo.com/rates.html). You would also be liable for any state tax on the jackpot.

If you would have taken the time to read the "Important Notes" on the jackpot analysis page at USA Mega you would have see that USA Mega is correct.

wreakshavok777's avatarwreakshavok777

well If I win Tonight I would Hire Micheal Mcdonald And madtv cast To Say " Oh yeah well look what I can do!!" Then Buy 10,000 acre ranch somewhere and disappear!

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