$363 MILLION: Mega Millions lottery jackpot raised due to heavy sales

Mar 26, 2012, 12:56 pm (421 comments)

Mega Millions

By Todd Northrop

Mega Millions lottery players across the United States are pulling out the stops for the Tuesday evening drawing, which now stands as the largest Mega Millions grand prize in more than a year.

The estimated jackpot of the March 27, 2012, Mega Millions drawing was raised Monday from $356 million to $363 million because of heavier than expected sales in all Mega Millions states.

Likewise, the lump-sum cash value of the massive grand prize was raised to $259.8 million, an increase of $4.7 million from the initial estimate made early Saturday morning.

In fact, one could argue that the Tuesday Mega Millions jackpot is the largest in history, due to the fact that the cash value is higher than any other lottery drawing ... ever.

Lottery players seeking to check the winning numbers Tuesday night are urged to use USA Mega (www.usamega.com).  State lottery Web sites are normally brought to a standstill during busy periods, while USA Mega normally remains responsive.

Mega Millions drawing results will be posted immediately after the 11:00 pm drawing at USA Mega.   The number of winners and new jackpot will be announced after all participating Mega Millions states have reported their data, which normally occurs within a couple of hours after the drawing.

Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time.  Players are advised not to wait until the last minute.

If the jackpot is not won on Tuesday, the Friday jackpot will certainly become the largest lottery jackpot in history — for both its annuity and cash values.

The odds of winning the jackpot are approximately 1 in 176 million. The odds of winning any of the Mega Millions prizes are approximately 1 in 40.

Mega Millions features nine different prize levels, ranging from $2 all the way up to the jackpot.  Players can win even if they just match one number — the Mega Ball number.

All states except California also offer the Megaplier option for an extra dollar per ticket purchased.  The Megaplier multiplies any non-jackpot prizes won by 2, 3, or 4 times, depending on the Megaplier number drawn that evening. 

Players who purchase the Megaplier and win second prize will automatically have their prize increased by 4x to $1 million.

Lottery Post Staff

Comments

rad242

Sniff Sniff - I smell MONEY!

Grovel's avatarGrovel

i spent 40 this time. hope i get something.

NoShame's avatarNoShame

I won't be surprised if someone hits it tommorrow with all the sales but man it would be so awesome to hit a new record.

LET IT ROLL!!!  Banana

THRIFTY's avatarTHRIFTY

Quote: Originally posted by Grovel on Mar 26, 2012

i spent 40 this time. hope i get something.

Playing the lottery is a WIN or LOSE situation no matter how many tickets we buy.  I am buying 1 Quick Pick Ticket.

Grovel's avatarGrovel

Quote: Originally posted by THRIFTY on Mar 26, 2012

Playing the lottery is a WIN or LOSE situation no matter how many tickets we buy.  I am buying 1 Quick Pick Ticket.

Well, good for you.

dpoly1's avatardpoly1

1 Ticket ................ 1 Winner!

Dance

Roll Baby Roll ................. all the way to the 'Dale ..........

no UAW cars for me

dallascowboyfan's avatardallascowboyfan

$363 Million Woo HooHurray! bring on the fever!!!!!!

KSplayer's avatarKSplayer

Quote: Originally posted by dallascowboyfan on Mar 26, 2012

$363 Million Woo HooHurray! bring on the fever!!!!!!

Party

CDanaT's avatarCDanaT

Quote: Originally posted by dallascowboyfan on Mar 26, 2012

$363 Million Woo HooHurray! bring on the fever!!!!!!

Two Hundred Fifty Nine Million Eight Hundred Thousand Dollars In Cash   Thud    UNBELIEVABLE !!!

Lucky SOB

i thought it would be worh more.

THRIFTY's avatarTHRIFTY

Quote: Originally posted by Grovel on Mar 26, 2012

Well, good for you.

THE LOTTERY 50/50 RULE= BUYING 1 LOTTERY TICKET GIVES YOU A 50/50 CHANCE OF WINNING. Playing the lottery is a WIN or LOSE situation no matter how many tickets we buy.

GOOD LUCK EVERYBODY.

dpoly1's avatardpoly1

In Pennsylvania you will get a $195,000,000 Thud wire transfer ............... after you mitigate the remaining 10% Federal Tax Obligation ............ you pay no more taxes here! Drum

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by CDanaT on Mar 26, 2012

Two Hundred Fifty Nine Million Eight Hundred Thousand Dollars In Cash   Thud    UNBELIEVABLE !!!

I know it's CRAZY CDanaT!!!!! sure is going to look good in my account!!!!!Wink

CDanaT's avatarCDanaT

DP...does that mean you get 10 % and the "CEO" gets the rest ????   ROFL

dpoly1's avatardpoly1

Quote: Originally posted by CDanaT on Mar 26, 2012

DP...does that mean you get 10 % and the "CEO" gets the rest ????   ROFL

Hey, wait a minute ....................... I bought the tickets ................. Crazy

RJOh's avatarRJOh

Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time.  Players are advised not to wait until the last minute.

I thought that but some clerks became confused after Ohio added PowerBall which has a cutoff time of 10:00 pm so I just started playing earlier to be safe.

CDanaT's avatarCDanaT

nice try DCF  No No but  the looking good part is in MYYYYY account   Wink

CDanaT's avatarCDanaT

Quote: Originally posted by dpoly1 on Mar 26, 2012

Hey, wait a minute ....................... I bought the tickets ................. Crazy

I am leaning towards the wife winning that discussion and you wearing your T-shirt around that's says "yes dear"

ressuccess's avatarressuccess

I didn't know why Mega Millions had to raise their jackpot.

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by Lucky SOB on Mar 26, 2012

i thought it would be worh more.

it may go up again Lucky SOB.....Thumbs Up

Tinker

Quote: Originally posted by RJOh on Mar 26, 2012

Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time.  Players are advised not to wait until the last minute.

I thought that but some clerks became confused after Ohio added PowerBall which has a cutoff time of 10:00 pm so I just started playing earlier to be safe.

Yep. No since in waiting till the last minute.

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by CDanaT on Mar 26, 2012

nice try DCF  No No but  the looking good part is in MYYYYY account   Wink

LOL... can't blame a sister for trying.......

Kumo's avatarKumo

Quote: Originally posted by dallascowboyfan on Mar 26, 2012

it may go up again Lucky SOB.....Thumbs Up

agreed. :) Didn't one of these record jp's get raised and revised like 3 times before the drawing?

$370M or even $380M is not out of the equation yet. Dance

dpoly1's avatardpoly1

Quote: Originally posted by RJOh on Mar 26, 2012

Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time.  Players are advised not to wait until the last minute.

I thought that but some clerks became confused after Ohio added PowerBall which has a cutoff time of 10:00 pm so I just started playing earlier to be safe.

We have 2 lottery machines where I purchase my tickets .......... there are allot of lottery queens that back up the line playing daily numbers in the 'Dale! Hiding Behind Computer

Jill34786's avatarJill34786

Quote: Originally posted by NoShame on Mar 26, 2012

I won't be surprised if someone hits it tommorrow with all the sales but man it would be so awesome to hit a new record.

LET IT ROLL!!!  Banana

It is at a new record high. The cash value which is more meaningful than the annuitized amount is what many follow as an indicator.

Jill34786's avatarJill34786

Quote: Originally posted by RJOh on Mar 26, 2012

Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time.  Players are advised not to wait until the last minute.

I thought that but some clerks became confused after Ohio added PowerBall which has a cutoff time of 10:00 pm so I just started playing earlier to be safe.

Some grocery stores cut off lottery sales at 8:00PM EST.

mcginnin56

Quote: Originally posted by Jill34786 on Mar 26, 2012

Some grocery stores cut off lottery sales at 8:00PM EST.

Anytime after noon tomorrow is probably going to be crazy everywhere, especially the border states where people have to travel hours

to get their tic's.   Crazy

 

Best get them today while lotto mania is only simmering for now.

Cletu$2's avatarCletu$2

Quote: Originally posted by ressuccess on Mar 26, 2012

I didn't know why Mega Millions had to raise their jackpot.

They did it just to piss you off.~;)

ashabug725's avatarashabug725

Im pretty confident with this one.. got a few quick picks.. one of the lines was only 2 numbers off of one of my selected lines ;-) happy w the sign

Null Space

I'm fine with that. 

ashabug725's avatarashabug725

I Agree!

Jill34786's avatarJill34786

Quote: Originally posted by mcginnin56 on Mar 26, 2012

Anytime after noon tomorrow is probably going to be crazy everywhere, especially the border states where people have to travel hours

to get their tic's.   Crazy

 

Best get them today while lotto mania is only simmering for now.

I Agree! We are leaving shortly for our little road trip to GA Smiley

HaveABall's avatarHaveABall

Quote: Originally posted by Jill34786 on Mar 26, 2012

I Agree! We are leaving shortly for our little road trip to GA Smiley

You've certainly been faithful, for years, to your thought of winning the jackpot! Cheers

HaveABall's avatarHaveABall

Quote: Originally posted by Null Space on Mar 26, 2012

I'm fine with that. 

Null Space, who is the actor in your video insert -- this debonair man looks familiar, yet it seems to me that he didn't go long in acting.  Do tell us all the story!

Lurking

jones69

I hope $363m will roll on 1-2 times more for the new World Record, before it hits my own tickets or my friends tickets or office pool,

in either case I do assume to receive a sizeable gift or small share as minimum, as my friends do. Anything else would be a dissapointment

but not getting anything would not end friendships that easily. Now it is very easy to say. Getting some money do change people they say...

VenomV12

Quote: Originally posted by HaveABall on Mar 26, 2012

Null Space, who is the actor in your video insert -- this debonair man looks familiar, yet it seems to me that he didn't go long in acting.  Do tell us all the story!

Lurking

I will bet money that is Marlon Brando.

Arrowhead's avatarArrowhead

Quote: Originally posted by Cletu$2 on Mar 26, 2012

They did it just to piss you off.~;)

LOL

Arrowhead's avatarArrowhead

Quote: Originally posted by VenomV12 on Mar 26, 2012

I will bet money that is Marlon Brando.

It is...

(Don't think you're supposed to post videos and links here, though, you may get a nasty-gram, Null Space)...No No

Azure

Quote: Originally posted by HaveABall on Mar 26, 2012

Null Space, who is the actor in your video insert -- this debonair man looks familiar, yet it seems to me that he didn't go long in acting.  Do tell us all the story!

Lurking

From All Movie Guide:

Marlon Brando  was quite simply one of the most celebrated and influential screen and stage actors of the postwar era; he rewrote the rules of performing, and nothing was ever the same again.

Brooding, lusty, and intense, his greatest contribution was popularizing Method acting, a highly interpretive performance style which brought unforeseen dimensions of power and depth to the craft; in comparison,

most other screen icons appeared shallow, even a little silly. A combative and often contradictory man, Brando  refused to play by the rules of the Hollywood game, openly expressing his loathing for the film industry

and for the very nature of celebrity, yet often exploiting his fame to bring attention to political causes and later accepting any role offered him as long as the price was right. He is one of the screen's greatest enigmas,

and there will never be another quite like him.


---Brando was also an activist, supporting many issues, notably the African-American Civil Rights Movement and various American Indian Movements---

~He was Corleone in 1972! Big Grin

Kumo's avatarKumo

Quote: Originally posted by HaveABall on Mar 26, 2012

Null Space, who is the actor in your video insert -- this debonair man looks familiar, yet it seems to me that he didn't go long in acting.  Do tell us all the story!

Lurking

"Live as one of them, Kal-El, to discover where your strength and your power are needed. Always hold in your heart the pride of your special heritage. They can be a great people, Kal-El, they wish to be. They only lack the light to show the way. For this reason above all, their capacity for good, I have sent them you... my only son."

"I'm gonna make him an offer he can't refuse."


mcginnin56

Quote: Originally posted by Jill34786 on Mar 26, 2012

I Agree! We are leaving shortly for our little road trip to GA Smiley

Smart move Jill! Reminds when I used to have to drive to MA from NH to get my MM tic's. Now they sell both PB and MM in both those states.

louise black

Quote: Originally posted by Tinker on Mar 26, 2012

Yep. No since in waiting till the last minute.

BananaI always wait to the last min. even for the 3& 4 digits it's excitingBananaBananaBananaHurray!DanceDanceHyperParty

Arrowhead's avatarArrowhead

Quote: Originally posted by Jill34786 on Mar 26, 2012

I Agree! We are leaving shortly for our little road trip to GA Smiley

Lake Park, or going all the way to Valdosta?? Big Smile

ashabug725's avatarashabug725

Quote: Originally posted by jones69 on Mar 26, 2012

I hope $363m will roll on 1-2 times more for the new World Record, before it hits my own tickets or my friends tickets or office pool,

in either case I do assume to receive a sizeable gift or small share as minimum, as my friends do. Anything else would be a dissapointment

but not getting anything would not end friendships that easily. Now it is very easy to say. Getting some money do change people they say...

As exciting as that would be, i will have to be the one to let you, your friends, and your pool down... i am holding the $363,000,000.00 ticket.. I already have most of my plan mapped out as far as claiming and hiding goes.  So after tomorrow it will be back to $12,000,000.00 again...

hearsetrax's avatarhearsetrax

Cheers

heres to it rolling over to $450 million for friday

mcginnin56

Quote: Originally posted by ashabug725 on Mar 26, 2012

As exciting as that would be, i will have to be the one to let you, your friends, and your pool down... i am holding the $363,000,000.00 ticket.. I already have most of my plan mapped out as far as claiming and hiding goes.  So after tomorrow it will be back to $12,000,000.00 again...

That doe's it, I'm throwing away my tickets and going to   Bed    Congrats in advance ashabug!       Party

mightwin's avatarmightwin

Even if they don't raise it again, I think the final amount is going to be up near record totals if its won

brees2012's avatarbrees2012

   I'm ready to win this full amount .  Help families , friends , and many other organizations , etccc .....Much planning will be involved .

dpoly1's avatardpoly1

Quote: Originally posted by mightwin on Mar 26, 2012

Even if they don't raise it again, I think the final amount is going to be up near record totals if its won

The cash is all that matters, and it has already surpassed the previous record .........

$195,000,000 wire transfer ......... it's the change that I really need  US Flaghere's to being a member of the dreaded 1% ............. I'll take it!

brees2012's avatarbrees2012

      Does a wire transfer take a day or days ?  I know I'll be busy getting everything things done .

Arrowhead's avatarArrowhead

Here's my grand gesture of the day to the lotto gods...if Ohio Lotto can absolutely guarantee me winning tonight's 6.3 mil Classic drawing I'll gladly forfeit any right to win Tuesday's MM draw...Big Grin

dpoly1's avatardpoly1

Quote: Originally posted by brees2012 on Mar 26, 2012

      Does a wire transfer take a day or days ?  I know I'll be busy getting everything things done .

A wire transfer is immediate, but the process of when they transfer the money is subject to the State verification process where the ticket is purchased.

I am prepared to ask for about $2,000,000 in advance of the balance being transferred after the 4 to 6 six weeks that it takes in Pennsylvania. I believe that this has happened before. I need money for the grand escape to safety!

Name and town only .......... except for the exclusive interview with Todd ..........

Silver, Gold, Platinum, Palladium, rental property & some programmed trading should be a good mix ........

mcginnin56

Quote: Originally posted by Arrowhead on Mar 26, 2012

Here's my grand gesture of the day to the lotto gods...if Ohio Lotto can absolutely guarantee me winning tonight's 6.3 mil Classic drawing I'll gladly forfeit any right to win Tuesday's MM draw...Big Grin

With such a small and meager request, how could the lotto gods possibly refuse you?     Blue Angel

Jill34786's avatarJill34786

Quote: Originally posted by Arrowhead on Mar 26, 2012

Lake Park, or going all the way to Valdosta?? Big Smile

Actually en route to Kingsland, GA. On the way back down making a pit stop in Jacksonviile for some fresh fried shrimp at Mayport Big Grin

THRIFTY's avatarTHRIFTY

Quote: Originally posted by dpoly1 on Mar 26, 2012

A wire transfer is immediate, but the process of when they transfer the money is subject to the State verification process where the ticket is purchased.

I am prepared to ask for about $2,000,000 in advance of the balance being transferred after the 4 to 6 six weeks that it takes in Pennsylvania. I believe that this has happened before. I need money for the grand escape to safety!

Name and town only .......... except for the exclusive interview with Todd ..........

Silver, Gold, Platinum, Palladium, rental property & some programmed trading should be a good mix ........

It will be insane if a single person wins the whole thing.

ashabug725's avatarashabug725

Quote: Originally posted by mcginnin56 on Mar 26, 2012

That doe's it, I'm throwing away my tickets and going to   Bed    Congrats in advance ashabug!       Party

Lol!! hey thanks buddy!!! thanks for helping me reinforce positive thinking ;-)

ashabug725's avatarashabug725

Quote: Originally posted by brees2012 on Mar 26, 2012

   I'm ready to win this full amount .  Help families , friends , and many other organizations , etccc .....Much planning will be involved .

I Agree!

ashabug725's avatarashabug725

Quote: Originally posted by mcginnin56 on Mar 26, 2012

That doe's it, I'm throwing away my tickets and going to   Bed    Congrats in advance ashabug!       Party

Oh hey.. don't toss ur tickets... there's always the second place prize!!!!!

Jill34786's avatarJill34786

Quote: Originally posted by THRIFTY on Mar 26, 2012

It will be insane if a single person wins the whole thing.

I Agree! It will be insane. Several years ago prior to interest rates plummeting the cash value of PB hovered around 48-52% while MM was 55-60% of the annuity value. This current jackpot has a cash value that is over 71% of the 26-year annuity. Eek

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by Jill34786 on Mar 26, 2012

Actually en route to Kingsland, GA. On the way back down making a pit stop in Jacksonviile for some fresh fried shrimp at Mayport Big Grin

be careful Jill......Smile

mcginnin56

Quote: Originally posted by ashabug725 on Mar 26, 2012

Oh hey.. don't toss ur tickets... there's always the second place prize!!!!!

Oh, you mean you don't plan on scooping up all the second prizes to? In that case......gotta go dig those tic's out of the dumpster.

Phewww!! This is going tb be a smelly job.  Crying

ashabug725's avatarashabug725

Quote: Originally posted by mcginnin56 on Mar 26, 2012

Oh, you mean you don't plan on scooping up all the second prizes to? In that case......gotta go dig those tic's out of the dumpster.

Phewww!! This is going tb be a smelly job.  Crying

Ya never know mcginnin... ur ticket could match my winning one!! Stinky or not ;-)

cgraphix1's avatarcgraphix1

Think I'd have to go with the Annuity on this one... $1.2 Million Per Month for the next 25 years sounds good enough for me to do just that!

mcginnin56

Quote: Originally posted by ashabug725 on Mar 26, 2012

Ya never know mcginnin... ur ticket could match my winning one!! Stinky or not ;-)

Good point ashabug. And it's not as smelly as I thought it would be. Thanks for the pep talk!   Yes Nod

Lucky SOB

so is anyone in a lotto pool in this one?

faber98

Quote: Originally posted by Arrowhead on Mar 26, 2012

Here's my grand gesture of the day to the lotto gods...if Ohio Lotto can absolutely guarantee me winning tonight's 6.3 mil Classic drawing I'll gladly forfeit any right to win Tuesday's MM draw...Big Grin

finally, someone who realizes that they will be much happier with a 6.3 million payday than all the headaches you will get by winning an unmanageable amount that this megamillions would deliver. i hope that there are 20 winners tomorrow to end this foolishness. no one needs that much money. it would absolutely ruin your life.

rad242

Quote: Originally posted by Lucky SOB on Mar 26, 2012

so is anyone in a lotto pool in this one?

Pandora's box!

mcginnin56

Quote: Originally posted by faber98 on Mar 26, 2012

finally, someone who realizes that they will be much happier with a 6.3 million payday than all the headaches you will get by winning an unmanageable amount that this megamillions would deliver. i hope that there are 20 winners tomorrow to end this foolishness. no one needs that much money. it would absolutely ruin your life.

I'd like to have my life "ruined"!   LOL

dpoly1's avatardpoly1

Quote: Originally posted by faber98 on Mar 26, 2012

finally, someone who realizes that they will be much happier with a 6.3 million payday than all the headaches you will get by winning an unmanageable amount that this megamillions would deliver. i hope that there are 20 winners tomorrow to end this foolishness. no one needs that much money. it would absolutely ruin your life.

1 Person should win .......... this will drive the envious people nuts!

I am not certain why "no one needs that much money" ............. sounds socialist to me ........... or just plain childish ........... great wealth brings great opportunity!

People that have almost nothing have ruined lives, so it is not the money .............. I am a mostly moderate person, so I will continue on that path, should I be so blessed to win!

1 Ticket ........ 1 Winner ......... the American Way  Patriot

dpoly1's avatardpoly1

Quote: Originally posted by rad242 on Mar 26, 2012

Pandora's box!

Not every big winner has bad fortune .............. I have not heard anything bad about the big winner from North Dakota ................ it is like the rest of life, it is what you make of it!

Cletu$2's avatarCletu$2

Quote: Originally posted by faber98 on Mar 26, 2012

finally, someone who realizes that they will be much happier with a 6.3 million payday than all the headaches you will get by winning an unmanageable amount that this megamillions would deliver. i hope that there are 20 winners tomorrow to end this foolishness. no one needs that much money. it would absolutely ruin your life.

It might ruin your life,but not mine.

egantt88

I Agree!

ashabug725's avatarashabug725

Quote: Originally posted by dpoly1 on Mar 26, 2012

1 Person should win .......... this will drive the envious people nuts!

I am not certain why "no one needs that much money" ............. sounds socialist to me ........... or just plain childish ........... great wealth brings great opportunity!

People that have almost nothing have ruined lives, so it is not the money .............. I am a mostly moderate person, so I will continue on that path, should I be so blessed to win!

1 Ticket ........ 1 Winner ......... the American Way  Patriot

I Agree!
try telling oprah or Donald trump they don't need that much money... or all of the sports players.. cmon now..

egantt88

Quote: Originally posted by mcginnin56 on Mar 26, 2012

I'd like to have my life "ruined"!   LOL

I Agree!

KSplayer's avatarKSplayer

Quote: Originally posted by dpoly1 on Mar 26, 2012

Not every big winner has bad fortune .............. I have not heard anything bad about the big winner from North Dakota ................ it is like the rest of life, it is what you make of it!

I Agree!

mightwin's avatarmightwin

Do you think this thread is going to have more posts than the last one...lol

mightwin's avatarmightwin

Wow I hit 100 posts with this one took over a year to do it lol

mightwin's avatarmightwin

Quote: Originally posted by Lucky SOB on Mar 26, 2012

so is anyone in a lotto pool in this one?

Heck no, that's just asking for trouble

ashabug725's avatarashabug725

Quote: Originally posted by mightwin on Mar 26, 2012

Heck no, that's just asking for trouble

I Agree!

brees2012's avatarbrees2012

Does the winner recieve a money transfer the next day after ,  they present the check ?

Enough  money to hold them over till they recieve the entire amount?

ashabug725's avatarashabug725

Quote: Originally posted by mightwin on Mar 26, 2012

Wow I hit 100 posts with this one took over a year to do it lol

I think i had less than 10 a couple days ago!! working on 100... but might not make it far really soon if i win tomorrow ;-) will b n hiding

winwi5

I will buy some tickets for tuesday nights game, however we all know the jackpot is going to be won in ny, ca or somewhere up north ewe don't win the mm that pften if you look at their jackpot history you can count the amount of times it has been won in nc, or sc.

Uff Da!'s avatarUff Da!

Quote: Originally posted by faber98 on Mar 26, 2012

finally, someone who realizes that they will be much happier with a 6.3 million payday than all the headaches you will get by winning an unmanageable amount that this megamillions would deliver. i hope that there are 20 winners tomorrow to end this foolishness. no one needs that much money. it would absolutely ruin your life.

I'll be happy to volunteer for that "ruined life," also.  The nearly 20 relatives who would benefit from my gifts and final estate will, I suspect, be happy to volunteer, as well.  And the charities that would benefit would be ecstatic.  But I'll settle for "just" half or a third of the jackpot, should there be multiple winners.

mightwin's avatarmightwin

hopefully someone here will win it

diamondpalace's avatardiamondpalace

Already got my tickets (1,000 worth). 50% QP and 50% PP. I expect to win $5.

mcginnin56

Quote: Originally posted by diamondpalace on Mar 26, 2012

Already got my tickets (1,000 worth). 50% QP and 50% PP. I expect to win $5.

THRIFTY would be very proud of you!    Hurray!

brees2012's avatarbrees2012

Quote: Originally posted by mightwin on Mar 26, 2012

hopefully someone here will win it

Big Smile Smile Thrilled BananaAppreciative Smile etccc when I win  ......thank you , thank you , thank you

dpoly1's avatardpoly1

Quote: Originally posted by brees2012 on Mar 26, 2012

Does the winner recieve a money transfer the next day after ,  they present the check ?

Enough  money to hold them over till they recieve the entire amount?

You get your wire transfer after the designated verification time for the State in which you purchase your ticket. The designated time to recieve your large cash prize in Pennsylvania is 4 to 6 weeks!

brees2012's avatarbrees2012

Quote: Originally posted by dpoly1 on Mar 26, 2012

You get your wire transfer after the designated verification time for the State in which you purchase your ticket. The designated time to recieve your large cash prize in Pennsylvania is 4 to 6 weeks!

 how would I get that information for my state ? Thanks for your help , appreciate it .

dpoly1's avatardpoly1

Quote: Originally posted by winwi5 on Mar 26, 2012

I will buy some tickets for tuesday nights game, however we all know the jackpot is going to be won in ny, ca or somewhere up north ewe don't win the mm that pften if you look at their jackpot history you can count the amount of times it has been won in nc, or sc.

Pennsylvania is a fairly large State and the odds are pretty good for us to win our first Mega Millions Jackpot since joining Mega Millions!

Dance this is a reasonable facsimile of the SLS that I will be purchasing ...............

dpoly1's avatardpoly1

Quote: Originally posted by brees2012 on Mar 26, 2012

 how would I get that information for my state ? Thanks for your help , appreciate it .

Look on the State Lottery website for your State. It should be there somewhere.

DC81's avatarDC81

I hope there's a single winner and if it's not me then I want the winner's last name to be Patel.  LOL

dpoly1's avatardpoly1

Quote: Originally posted by DC81 on Mar 26, 2012

I hope there's a single winner and if it's not me then I want the winner's last name to be Patel.  LOL

My wife works for a new Dentist whose name is Patel. She is a very kind and generous person.

So that will have to be sufficient for your scenario, because, well, it just has to be ...........  See Ya!

ashabug725's avatarashabug725

Quote: Originally posted by DC81 on Mar 26, 2012

I hope there's a single winner and if it's not me then I want the winner's last name to be Patel.  LOL

If it means that much ill consider changing my name!!

mediabrat's avatarmediabrat

Quote: Originally posted by cgraphix1 on Mar 26, 2012

Think I'd have to go with the Annuity on this one... $1.2 Million Per Month for the next 25 years sounds good enough for me to do just that!

Good for you, I hope you win... that is, if I don't win instead.  Thumbs Up

There are many people here who will swear up and down that only a fool would take the annuity, blah blah blah taxes blah blah Obama sucks blah blah, but what they always forget is that once you win, it's your money to do with as you please.  As for me, there might be a situation where I'd prefer the lump sum, but most of the time it seems like the annuity would be good enough for me.

Good luck, everyone, no matter what you plan to do with your winnings!  Cheers

gogidolim

Quote: Originally posted by mediabrat on Mar 26, 2012

Good for you, I hope you win... that is, if I don't win instead.  Thumbs Up

There are many people here who will swear up and down that only a fool would take the annuity, blah blah blah taxes blah blah Obama sucks blah blah, but what they always forget is that once you win, it's your money to do with as you please.  As for me, there might be a situation where I'd prefer the lump sum, but most of the time it seems like the annuity would be good enough for me.

Good luck, everyone, no matter what you plan to do with your winnings!  Cheers

 I'd take lump sum because I have a lot of income properties to purchase without mortgage.

dpoly1's avatardpoly1

Quote: Originally posted by gogidolim on Mar 26, 2012

 I'd take lump sum because I have a lot of income properties to purchase without mortgage.

Smart investor !!!!!!!!!!!

NoShame's avatarNoShame

Quote: Originally posted by mediabrat on Mar 26, 2012

Good for you, I hope you win... that is, if I don't win instead.  Thumbs Up

There are many people here who will swear up and down that only a fool would take the annuity, blah blah blah taxes blah blah Obama sucks blah blah, but what they always forget is that once you win, it's your money to do with as you please.  As for me, there might be a situation where I'd prefer the lump sum, but most of the time it seems like the annuity would be good enough for me.

Good luck, everyone, no matter what you plan to do with your winnings!  Cheers

I don't think it matters which one you take does it?  It's all gonna get spent either way.  Big Grin

mightwin's avatarmightwin

I doubt I will be stayin up tomorrow night, I think it took a few hours to find out the winners on the 380 jackpot, hopefully when I wake up Wednesday my phone will say ......1 jackpot winner Michigan

BuyLow's avatarBuyLow

Quote: Originally posted by gogidolim on Mar 26, 2012

 I'd take lump sum because I have a lot of income properties to purchase without mortgage.

I like your thinking! 

 

Here in Central Florida decent 3 bedroom/2 bath homes rent for $1,200 per month and can be bought for around $125,000.  I'd put $100,000,000 into single family homes....so I'd have roughly 800 free and clear homes generating approximately $960,000 per month in income.  Lots of depreciation and tax write offs to boot.  Guess I'd need to own my own Property Management Company to manage them all, LOL!!!  No problem....bring it on....

mediabrat's avatarmediabrat

Quote: Originally posted by NoShame on Mar 26, 2012

I don't think it matters which one you take does it?  It's all gonna get spent either way.  Big Grin

That's the spirit!  Banana

gonnawinwatchme's avatargonnawinwatchme

Quote: Originally posted by mightwin on Mar 26, 2012

Wow I hit 100 posts with this one took over a year to do it lol

LOL, I've been here four years now and have so little posts.  You'll beat me in no time!  :)

Grovel's avatarGrovel

Quote: Originally posted by BuyLow on Mar 26, 2012

I like your thinking! 

 

Here in Central Florida decent 3 bedroom/2 bath homes rent for $1,200 per month and can be bought for around $125,000.  I'd put $100,000,000 into single family homes....so I'd have roughly 800 free and clear homes generating approximately $960,000 per month in income.  Lots of depreciation and tax write offs to boot.  Guess I'd need to own my own Property Management Company to manage them all, LOL!!!  No problem....bring it on....

I am also planning on buying some houses that I can rent out.

Cletu$2's avatarCletu$2

Quote: Originally posted by BuyLow on Mar 26, 2012

I like your thinking! 

 

Here in Central Florida decent 3 bedroom/2 bath homes rent for $1,200 per month and can be bought for around $125,000.  I'd put $100,000,000 into single family homes....so I'd have roughly 800 free and clear homes generating approximately $960,000 per month in income.  Lots of depreciation and tax write offs to boot.  Guess I'd need to own my own Property Management Company to manage them all, LOL!!!  No problem....bring it on....

When you buy rental property all you've really bought is a full time job.Who wants to work when they are a multi-millionaire?Not this dude,thats for sure.

CDanaT's avatarCDanaT

Quote: Originally posted by Cletu$2 on Mar 26, 2012

When you buy rental property all you've really bought is a full time job.Who wants to work when they are a multi-millionaire?Not this dude,thats for sure.

Gotta agree with you there Cletu$2.......stay away from any issues,drama,liability and headaches other than my money working for me and that dividend check showing up in the account each month

maximumfun's avatarmaximumfun

259.8 million reasons to make sure you have a ticket for tomorrow's drawing.

Piaceri

Quote: Originally posted by CDanaT on Mar 26, 2012

Gotta agree with you there Cletu$2.......stay away from any issues,drama,liability and headaches other than my money working for me and that dividend check showing up in the account each month

I Agree! But you can always hire management staff. Wink  In my case, management staff can be the younger generation if they want any part of inheriting.

gogidolim

Quote: Originally posted by Cletu$2 on Mar 26, 2012

When you buy rental property all you've really bought is a full time job.Who wants to work when they are a multi-millionaire?Not this dude,thats for sure.

 That's the point. I need my own property management company to fund my movie pitching business. (pitching itself doesn't cost that much. You need a writer and illustrators.)

haymaker's avatarhaymaker

Quote: Originally posted by CDanaT on Mar 26, 2012

Gotta agree with you there Cletu$2.......stay away from any issues,drama,liability and headaches other than my money working for me and that dividend check showing up in the account each month

R.E.I.T.S can still be good, if you pick the right ones,

and they will improve w/ the R/E market, its cyclical.

BuyLow's avatarBuyLow

Quote: Originally posted by Cletu$2 on Mar 26, 2012

When you buy rental property all you've really bought is a full time job.Who wants to work when they are a multi-millionaire?Not this dude,thats for sure.

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

CDanaT's avatarCDanaT

Quote: Originally posted by Piaceri on Mar 26, 2012

I Agree! But you can always hire management staff. Wink  In my case, management staff can be the younger generation if they want any part of inheriting.

Hire management staff ???  more headaches, more lawyers, more agreements to sign then what I want,...what if that staff does a poor job or  goes out of business, then you have to hire a new one.......neeeeehhhh.....requires too many people and more expenses for my tastes..wanna keep it simple, atty for legal advice, financial advisor for investments and a CPA for taxes.....but for those that want the real estate life style ?? Go get em kids.....

maximumfun's avatarmaximumfun

Quote: Originally posted by Piaceri on Mar 26, 2012

I Agree! But you can always hire management staff. Wink  In my case, management staff can be the younger generation if they want any part of inheriting.

Excellent idea.

Guru101's avatarGuru101

Looks like I'll be taking home $186,000,000 after taxes.

gogidolim

My brother-in-law is a vice president at a national property development company and studying landlord business. Maybe he and I can work together, since we are very close friends.

Grovel's avatarGrovel

Quote: Originally posted by BuyLow on Mar 26, 2012

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

This. I am 28 years old. I need something to do.

VenomV12

Realistically all you really need to win is $3 million to $10 million free and clear to retire and live a pretty great life. You can have a very nice home, cars, boat and other stuff and have enough money left over to live off the interest. I really never wanted to win these gigantic jackpots, my gut feeling is that they probably create a lot more problems than if you won something smaller. 

And for the person that wanted to buy hundreds of rental houses, don't do it. I have owned rental properties and it is just a headache. I can only imagine 800 people trying to figure out a way to sue you and get at your money. If you win, buy a boat and live off your interest, hell live off your cash, you don't need the stress.

CDanaT's avatarCDanaT

Quote: Originally posted by BuyLow on Mar 26, 2012

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

travel to every state,  since I don't drink or smoke or do drugs, I would work on hobbies,try new activities, visit family and friends,workout a couple of hrs each day....do some volunteer work at a VET or seniors center, go to concerts,.....You need no organized plan to enjoy life...you can choose whatever,whenever...after all, whatever the winner does, isn't up to anyone's scrutiny except themselves.....The winner is financially free already...

faber98

Quote: Originally posted by Cletu$2 on Mar 26, 2012

It might ruin your life,but not mine.

i'm sure you won't have to worry about it happening. but it would if you did. you don't have a clue about what you would do when beseiged by throngs of people trying to get it away from you. and whoever wants to buy rental property. for what possible reason would you want to make more money off rental property. more than likely no one would pay the rent when they found out you owned it so you would be spending your time in court trying to evict them all. whoever wants to give to charities would be spending their entire life fending off the millions of charities that would be requesting help. and where do you cut off the relatives seeking the gravy. they would never stop coming at you for more and more. point is that it's just too much for 1 winner to handle. yes, it would ruin your life forever.

Cletu$2's avatarCletu$2

Quote: Originally posted by BuyLow on Mar 26, 2012

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

I worked hard for 40 years and now I'm retired and don't like the idea of working anymore.I'll buy a Powerhouse Motor Coach and travel around America.I don't have any desire to travel the world,though,because people talk funny in most of the countrys of the world.I speak American english and thats good enough for me.The British and the Aussies speak the Queens English and I can't understand a thing they say.I don't smoke,drink or do drugs,so I won't be pissing money away for that kind of nonsense.I do have one vice,though.I love custom cars.I can see myself buying a few of them.A nice 49 Merc would be my first choice.A 34 Ford sedan would be my second choice.I wouldn't give a nickle for any Chevy or Chrysler product,though.They build ugly cars,always have.And japenese junk is out of the question,even those cars that are built here in America because the profit still ends up in Japan.I wouldn't have a Rolls or a Bently if you paid me to take it.U-G-L-Y!I hate newer cars because somewhere along the line somebody in Detroit decided that everyone loves the euro design and now 95% of the cars that they build look just like the next one.I call them cookie cutter cars.if you want a car with only 2 doors you have to settle for a sub compact or a used Monte Carlo.Some college educated idiot decided that Americans all want 4 doors on their cars.I know millions of street rodders that would disagree with him.But I digress.I would travel the roads & scenic byways of America peaking into every nook & cranny of the greatest country on earth.I'd take my time and not get into hurry.Thats what I'd do if I win this huge jackpot.Your mileage may vary.

dallascowboyfan's avatardallascowboyfan

Quote: Originally posted by mightwin on Mar 26, 2012

hopefully someone here will win it

I Agree!

Cletu$2's avatarCletu$2

Quote: Originally posted by faber98 on Mar 26, 2012

i'm sure you won't have to worry about it happening. but it would if you did. you don't have a clue about what you would do when beseiged by throngs of people trying to get it away from you. and whoever wants to buy rental property. for what possible reason would you want to make more money off rental property. more than likely no one would pay the rent when they found out you owned it so you would be spending your time in court trying to evict them all. whoever wants to give to charities would be spending their entire life fending off the millions of charities that would be requesting help. and where do you cut off the relatives seeking the gravy. they would never stop coming at you for more and more. point is that it's just too much for 1 winner to handle. yes, it would ruin your life forever.

I'd just drop my pants and tell them to kiss my ass!

You can do that when you are filthy rich.

ashabug725's avatarashabug725

Quote: Originally posted by CDanaT on Mar 26, 2012

travel to every state,  since I don't drink or smoke or do drugs, I would work on hobbies,try new activities, visit family and friends,workout a couple of hrs each day....do some volunteer work at a VET or seniors center, go to concerts,.....You need no organized plan to enjoy life...you can choose whatever,whenever...after all, whatever the winner does, isn't up to anyone's scrutiny except themselves.....The winner is financially free already...

Completely agree w u cdana!!!!!!!!!!!!!!!!!

Adapt

Quote: Originally posted by faber98 on Mar 26, 2012

i'm sure you won't have to worry about it happening. but it would if you did. you don't have a clue about what you would do when beseiged by throngs of people trying to get it away from you. and whoever wants to buy rental property. for what possible reason would you want to make more money off rental property. more than likely no one would pay the rent when they found out you owned it so you would be spending your time in court trying to evict them all. whoever wants to give to charities would be spending their entire life fending off the millions of charities that would be requesting help. and where do you cut off the relatives seeking the gravy. they would never stop coming at you for more and more. point is that it's just too much for 1 winner to handle. yes, it would ruin your life forever.

It would change my life certainly, but ruin?  I don't think so.

I would buy some property for myself, but not rental property.  Stocks are a better and easier investment in my opinion.  I'd quit my job and work as an investor of my own money.

I'd probably also legally change my name some time after claiming to try to avoid some of the inevitable harassment.  Sure, that's public record but it would make you a little harder to find.  Hired security for myself and my home could also be afforded if necessary.

The biggest issue you brought up is, what do you give to relatives?  I would certainly give some to my parents and sister, but beyond that, I don't know.

dallascowboyfan's avatardallascowboyfan

welcome to the LP Adapt......Thumbs Up

zinniagirl's avatarzinniagirl

good luck everyone

CollegeLad08

New member to LP even tho I've been reading u guy's comments and post for the last yr. haha. But anywhoo, 363 milli......O_O I'm a broke college student in my last yr of college struggling to make ends meet even to pay rent wich is only 470 dollars a month. I jus recently turned 21 which finally made me legal to play in my state.  My first lottery ticket was the 241 million PB draw a couple months ago. I've been playing atleast 10 bucks a week between PB and MM tickets. Winning a JP would b oh so lovely, but I merely play with hopes of matching 4 or matching 5 numbers. I just want enough to ensure I have a good strt after graduation. So yes, im a young lotto player, on a weekly path to play until it becomes my day.  But throught my first few months of playing Ive only raked in maybe 7$ in winnings and I've put over 150 into it. Not discouraged at all, bcuz I knw that's how the lottery plays out. I only play QP's bcuz I dnt want to b tht player that plays a certain number every week then the week I forget to play, those numbers get drawn.......I guess, in a gyst, I'm asking for any advice u guys would have for a new lotto player. Thanks in advance. F

egantt88

When i Win Tmw... my first order of business is to do three chicks at the same time...Wink

dallascowboyfan's avatardallascowboyfan

Welcome to the LP CollegeLad08.....Thumbs Up

dk1421's avatardk1421

Quote: Originally posted by CollegeLad08 on Mar 26, 2012

New member to LP even tho I've been reading u guy's comments and post for the last yr. haha. But anywhoo, 363 milli......O_O I'm a broke college student in my last yr of college struggling to make ends meet even to pay rent wich is only 470 dollars a month. I jus recently turned 21 which finally made me legal to play in my state.  My first lottery ticket was the 241 million PB draw a couple months ago. I've been playing atleast 10 bucks a week between PB and MM tickets. Winning a JP would b oh so lovely, but I merely play with hopes of matching 4 or matching 5 numbers. I just want enough to ensure I have a good strt after graduation. So yes, im a young lotto player, on a weekly path to play until it becomes my day.  But throught my first few months of playing Ive only raked in maybe 7$ in winnings and I've put over 150 into it. Not discouraged at all, bcuz I knw that's how the lottery plays out. I only play QP's bcuz I dnt want to b tht player that plays a certain number every week then the week I forget to play, those numbers get drawn.......I guess, in a gyst, I'm asking for any advice u guys would have for a new lotto player. Thanks in advance. F

Hi CollegeLad08!  I played my first lottery in college - and won! Okay, it was only $120-ish, but that's still the most I have ever won after playing for decades since.

My advice? Play less than $10 a week. All you need is one ticket in order to win. Save the rest for books - or for when the jackpot gets bigger and you want more than 1 ticket.

ashabug725's avatarashabug725

Quote: Originally posted by egantt88 on Mar 26, 2012

When i Win Tmw... my first order of business is to do three chicks at the same time...Wink

Bahaha... they'll b more into each other than u if it takes money to get it!!!! ;-)

CollegeLad08

Hi DK....appreciate the reply. Thanks for the advice also. I think I am gonna cut my weekly lotto budget down....hopefully 5 bucks a week will suffice for a nice lump sum.

Piaceri

Quote: Originally posted by CDanaT on Mar 26, 2012

travel to every state,  since I don't drink or smoke or do drugs, I would work on hobbies,try new activities, visit family and friends,workout a couple of hrs each day....do some volunteer work at a VET or seniors center, go to concerts,.....You need no organized plan to enjoy life...you can choose whatever,whenever...after all, whatever the winner does, isn't up to anyone's scrutiny except themselves.....The winner is financially free already...

Great plan CDanaT. I like that one. While the younger generation keeps the businesses running, I could be managing the investments (managing the investment advisors more like), taking classes at the local university, traveling, perfecting my shooting skills, horse showing (the outside of a horse is good for the inside of (wo)men - W Churchill), working with animal rescues, etc. There is plenty to do that does not involve drugs and partying. I'd like to take dance lessons, maybe even piano lessons. The options are limitless if you think about it.

Nikkicute's avatarNikkicute

Quote: Originally posted by egantt88 on Mar 26, 2012

When i Win Tmw... my first order of business is to do three chicks at the same time...Wink

Congrats you just got your first law suit!!

"chicks" who do guys like that are always trouble.

They will set you up, your business will be out there for all to see!

(your just joking right? lol)

Brcebrce

I don't see one ticket winning this one, too many people playing. I could be one of ten, still $18 million plenty for me.

What is my plan? Travel, learn new things. Have fun nothing but time on my hands now. Might do volunteer work for a cause I care about.

egantt88

Quote: Originally posted by Nikkicute on Mar 26, 2012

Congrats you just got your first law suit!!

"chicks" who do guys like that are always trouble.

They will set you up, your business will be out there for all to see!

(your just joking right? lol)

Haha yeah... im smarter than that and btw i already have a girl so i was jokin... but really i would hop on a plane out of the country till things cool down... probably go to amsterdam for a while... dont know if i would come back... probably just live in europe...

Nikkicute's avatarNikkicute

Quote: Originally posted by egantt88 on Mar 26, 2012

Haha yeah... im smarter than that and btw i already have a girl so i was jokin... but really i would hop on a plane out of the country till things cool down... probably go to amsterdam for a while... dont know if i would come back... probably just live in europe...

Amsterdam!! oh lord!! You go there your defintely not coming back! lol

maximumfun's avatarmaximumfun

When I win, all you or anyone will hear is the sound of silence.  Nothing will change in my life (visibly) and life will continue on.  Will things change?  of course; will others see it?  not a chance.  can someone/I pull that off?  Done it before, will do it again.  :)

ashabug725's avatarashabug725

Would any of y'all say anything on lp if ya won?

Nikkicute's avatarNikkicute

Quote: Originally posted by ashabug725 on Mar 26, 2012

Would any of y'all say anything on lp if ya won?

I don't see why not, what would be so bad about that?

Unless you got secret scammers on the site ready to fill up the inbox with request, yuck!!

If I win I will tell and post up the winning ticket.Smile

faber98

Quote: Originally posted by Adapt on Mar 26, 2012

It would change my life certainly, but ruin?  I don't think so.

I would buy some property for myself, but not rental property.  Stocks are a better and easier investment in my opinion.  I'd quit my job and work as an investor of my own money.

I'd probably also legally change my name some time after claiming to try to avoid some of the inevitable harassment.  Sure, that's public record but it would make you a little harder to find.  Hired security for myself and my home could also be afforded if necessary.

The biggest issue you brought up is, what do you give to relatives?  I would certainly give some to my parents and sister, but beyond that, I don't know.

for what possible reason would you want spend your day investing your money in various funds and stocks. so you could make more money? you would have to spend the whole day worrying about being swindled by the the money managers you trust. constantly checking your accounts etc. give some to your parents and sister? they would want millions and your other relatives would hate you if you didn't cough up a large chunk for them. you would have to pay off their mortgates and vehicles and fund all your nieces and nephews college expenses forever or they would feel like your a chump. do you really want to live in a compound with hired security outside your gates 24 hours a day. what are you going to do all day? stay home and make investments? quit your job, reallly. everyone at your job would hate your guts unless your gave them thousands upon thousands and then they wouldn't want to work. rethink your dream and hope you only win the 250k second prize.

Jill34786's avatarJill34786

Quote: Originally posted by ashabug725 on Mar 26, 2012

Would any of y'all say anything on lp if ya won?

Yes, I would also give Todd the first interview. My attorney would be claiming our prize under an LLC hidden behind a trust so I wouldn't be too concerned about my identity being splattered through the media.

We just got our tickets earlier this evening and I can at least dream for another 24 hours or so Blue Angel

DivinePurpose's avatarDivinePurpose

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

 

Everyone has a different definition of "financial freedom." To some it means buying a nice house and car. To others it means never having to work again. You'd be surprised what it means to some individuals. Some poeple would like to just go to concerts, go shopping for clothing, go to the movies, try new restaurants, provide for their children and grandchildren, have a nice wedding, etc. You'd be surprised what people aren't able to do because of financial obligations. Imagine the little things that you don't get to buy or experience because of financial restrictions.  You'd be able to do those things if you win the lottery. 

There's so much of this world to see. If you like traveling, you won't have time to sit around or do drugs.  There's no way that someone has experienced all the great things that this planet has to offer. Even if you aren't into philanthropy and living in your purpose, traveling and seeing people from all walks of life will definitely spark something in your heart and mind that will lead you in the right direction. 

Good luck to all!Smile

Grovel's avatarGrovel

Quote: Originally posted by ashabug725 on Mar 26, 2012

Would any of y'all say anything on lp if ya won?

Ya, i would tell you guys. I would ask Todd to disable my message box though because of all the spam I would get.

Jill34786's avatarJill34786

Quote: Originally posted by faber98 on Mar 26, 2012

for what possible reason would you want spend your day investing your money in various funds and stocks. so you could make more money? you would have to spend the whole day worrying about being swindled by the the money managers you trust. constantly checking your accounts etc. give some to your parents and sister? they would want millions and your other relatives would hate you if you didn't cough up a large chunk for them. you would have to pay off their mortgates and vehicles and fund all your nieces and nephews college expenses forever or they would feel like your a chump. do you really want to live in a compound with hired security outside your gates 24 hours a day. what are you going to do all day? stay home and make investments? quit your job, reallly. everyone at your job would hate your guts unless your gave them thousands upon thousands and then they wouldn't want to work. rethink your dream and hope you only win the 250k second prize.

Both my husband and I are involved in the financial market and we trade for a living. Neither one of us consider this work and there is nothing else we would rather do. We work from home and also have a 3 year old son whom we spend plenty of time with.

If we were fortunate enough to win, there would be no reason to stop what we enjoy doing as we would just re-evaluate our goals and move forward.

Lucky SOB

Quote: Originally posted by CDanaT on Mar 26, 2012

travel to every state,  since I don't drink or smoke or do drugs, I would work on hobbies,try new activities, visit family and friends,workout a couple of hrs each day....do some volunteer work at a VET or seniors center, go to concerts,.....You need no organized plan to enjoy life...you can choose whatever,whenever...after all, whatever the winner does, isn't up to anyone's scrutiny except themselves.....The winner is financially free already...

whats stopping u from doing that right now?

ashabug725's avatarashabug725

Quote: Originally posted by DivinePurpose on Mar 26, 2012

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

 

Everyone has a different definition of "financial freedom." To some it means buying a nice house and car. To others it means never having to work again. You'd be surprised what it means to some individuals. Some poeple would like to just go to concerts, go shopping for clothing, go to the movies, try new restaurants, provide for their children and grandchildren, have a nice wedding, etc. You'd be surprised what people aren't able to do because of financial obligations. Imagine the little things that you don't get to buy or experience because of financial restrictions.  You'd be able to do those things if you win the lottery. 

There's so much of this world to see. If you like traveling, you won't have time to sit around or do drugs.  There's no way that someone has experienced all the great things that this planet has to offer. Even if you aren't into philanthropy and living in your purpose, traveling and seeing people from all walks of life will definitely spark something in your heart and mind that will lead you in the right direction. 

Good luck to all!Smile

I could make sure my kids went to the best schools... and definitely the best colleges... my mom could have anything she wanted.. afterall she's sacrificed so much for me... id love to travel and be more cultured.. my kids and some family as well... when i do get married i can have the wedding and honeymoon of my dreams!! my best friend has a child w disabilities and a husband in the army... i could buy them a house and make sure he has the developmental tools he needs... i could donate to the hospital that really helped my son at birth... his medicine alone is $2000 a month.. there's so unbelievably much one could do with this amount of money.. so many people i could help... while i won't blow thru the money... im a firm believer in karma and helping people if im able... even little things like paying for somebody's meal or giving a server an extra generous tip...

ashabug725's avatarashabug725

Quote: Originally posted by Lucky SOB on Mar 26, 2012

whats stopping u from doing that right now?

Lets see..... MONEY!!!!!!!!Party

CDanaT's avatarCDanaT

Quote: Originally posted by Lucky SOB on Mar 26, 2012

whats stopping u from doing that right now?

pretty simple really...work,finances, family obligations and free time are the main stoppers from visiting all the states and doing the extras that I would be able to give more time to

Lucky SOB

Quote: Originally posted by BuyLow on Mar 26, 2012

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

thats what winning the lottery is all about, TIME. you'll have time to to figure out what you wanna do with your life. Since im only 21 i have plenty of time to worry about what i wanna contribute to the world but for the time being when i win im just going to chill out and live off the intrest.

VenomV12

Quote: Originally posted by ashabug725 on Mar 26, 2012

Would any of y'all say anything on lp if ya won?

Absolutely, I would post it about 30 seconds on here after I got the winning numbers. 

Why not? Your identity is going to be made public anyway and I am not too concerned about one of you hacking my IP and sitting outside my house waiting for me to collect my winnings however long that takes...not that I would still be here anyway. And I would definitely give this site an exclusive first interview.

brees2012's avatarbrees2012

    People will do whatever they want with there winnings . Living and Learning . I don't want someone sit there

    and tell me what to do with my money . Only few things you can do is , have many saving accts , CD's , /

    Money Market ,  really investing , there's no need , why to lose it .   I'll win the lottery tomorrow , and

    I have my list ready .

DivinePurpose's avatarDivinePurpose

Quote: Originally posted by ashabug725 on Mar 26, 2012

I could make sure my kids went to the best schools... and definitely the best colleges... my mom could have anything she wanted.. afterall she's sacrificed so much for me... id love to travel and be more cultured.. my kids and some family as well... when i do get married i can have the wedding and honeymoon of my dreams!! my best friend has a child w disabilities and a husband in the army... i could buy them a house and make sure he has the developmental tools he needs... i could donate to the hospital that really helped my son at birth... his medicine alone is $2000 a month.. there's so unbelievably much one could do with this amount of money.. so many people i could help... while i won't blow thru the money... im a firm believer in karma and helping people if im able... even little things like paying for somebody's meal or giving a server an extra generous tip...

That's great ashabug! I, too, get joy from helping others. Imagine how much you could brighten someone's day with a $100 tip! Good luck to you!

Lucky SOB

Quote: Originally posted by CDanaT on Mar 26, 2012

pretty simple really...work,finances, family obligations and free time are the main stoppers from visiting all the states and doing the extras that I would be able to give more time to

i work out usally every day, draw and paint as a hobby and vist my faimly a couple time a year. i dont need vast amounts of money to do things that can be accomplished with very little money. on the other hand to travel to every state, go to some concerts and volunteer my time will require alot of money and an organized plan .

Lucky SOB

Quote: Originally posted by Grovel on Mar 26, 2012

Ya, i would tell you guys. I would ask Todd to disable my message box though because of all the spam I would get.

just make a new account and post your ticket.

ashabug725's avatarashabug725

Quote: Originally posted by DivinePurpose on Mar 26, 2012

That's great ashabug! I, too, get joy from helping others. Imagine how much you could brighten someone's day with a $100 tip! Good luck to you!

Thanks so much!! to u as well :-D

Grovel's avatarGrovel

Quote: Originally posted by Lucky SOB on Mar 26, 2012

just make a new account and post your ticket.

If it got to bad I could always leave.

ashabug725's avatarashabug725

Quote: Originally posted by Jill34786 on Mar 26, 2012

Yes, I would also give Todd the first interview. My attorney would be claiming our prize under an LLC hidden behind a trust so I wouldn't be too concerned about my identity being splattered through the media.

We just got our tickets earlier this evening and I can at least dream for another 24 hours or so Blue Angel

I Agree!

Lucky SOB

how much of the jackpot if you win will you out right spend on things like cars, homes, jewelry, electronics and other such toys.

maximumfun's avatarmaximumfun

Quote: Originally posted by ashabug725 on Mar 26, 2012

Would any of y'all say anything on lp if ya won?

Not a word.  Silent as the dead.

maximumfun's avatarmaximumfun

Quote: Originally posted by Lucky SOB on Mar 27, 2012

how much of the jackpot if you win will you out right spend on things like cars, homes, jewelry, electronics and other such toys.

25k$.  Like I said.  Change nothing.

But I would travel.  First Class.

Arrowhead's avatarArrowhead

Quote: Originally posted by DivinePurpose on Mar 26, 2012

What you gonna do, sit around and watch the intrest accrue?  Drink/smoke/snort yourself into oblivion?  Whats your plan???....you can't just sit on the beach all day everyday....this is about true financial freedom...working and having a purpose is important.  Idle minds are not healthy.  What's your plan???

 

Everyone has a different definition of "financial freedom." To some it means buying a nice house and car. To others it means never having to work again. You'd be surprised what it means to some individuals. Some poeple would like to just go to concerts, go shopping for clothing, go to the movies, try new restaurants, provide for their children and grandchildren, have a nice wedding, etc. You'd be surprised what people aren't able to do because of financial obligations. Imagine the little things that you don't get to buy or experience because of financial restrictions.  You'd be able to do those things if you win the lottery. 

There's so much of this world to see. If you like traveling, you won't have time to sit around or do drugs.  There's no way that someone has experienced all the great things that this planet has to offer. Even if you aren't into philanthropy and living in your purpose, traveling and seeing people from all walks of life will definitely spark something in your heart and mind that will lead you in the right direction. 

Good luck to all!Smile

Nice post. Good luck!

Simba774

Quote: Originally posted by VenomV12 on Mar 26, 2012

Absolutely, I would post it about 30 seconds on here after I got the winning numbers. 

Why not? Your identity is going to be made public anyway and I am not too concerned about one of you hacking my IP and sitting outside my house waiting for me to collect my winnings however long that takes...not that I would still be here anyway. And I would definitely give this site an exclusive first interview.

Your identity is not going to made public if you don't want it to. No, I'm not going to tell the LPC I won. You all are cool, but I won't do it.

ashabug725's avatarashabug725

Quote: Originally posted by Lucky SOB on Mar 27, 2012

how much of the jackpot if you win will you out right spend on things like cars, homes, jewelry, electronics and other such toys.

I would buy my boyfriend (children's father) and i both decent vehicles... well nice but not outrageous.. i would proally buy a house out of town til things calmed down.. gated community or large country property w some guns ;-) and some new clothes (not a name brand girl.. just comfy jeans n tshirts). maybe 200-250,000

Arrowhead's avatarArrowhead

Quote: Originally posted by CDanaT on Mar 26, 2012

Gotta agree with you there Cletu$2.......stay away from any issues,drama,liability and headaches other than my money working for me and that dividend check showing up in the account each month

I agree as well. Can't imagine anything worse than being worth $160-180 million (depending on your state) after taxes and dealing with renters and their multitude of issues. For cryin' out loud, you've already made your money. Park it in tax-free munis, short-term bonds, buy some gold if you want, but 90% of it should be safe and simple. It's the clowns who try to be the next Trump that'll end up on Lotto's Biggest Losers show in the future.

faber98

Quote: Originally posted by Jill34786 on Mar 26, 2012

Both my husband and I are involved in the financial market and we trade for a living. Neither one of us consider this work and there is nothing else we would rather do. We work from home and also have a 3 year old son whom we spend plenty of time with.

If we were fortunate enough to win, there would be no reason to stop what we enjoy doing as we would just re-evaluate our goals and move forward.

sure jill, obviously you have no concept of how much 363 million is. you and your husband couldn't handle it despite your investment knowledge. you would be spending 20 hours a day just trying to keep track of all these investments you would have to make. what your're proposing to do would work if only you won say 5  or  6 million.  you would be fleeced and you know it by all these unscrupoulous people you deal with.

Nikkicute's avatarNikkicute

Quote: Originally posted by Simba774 on Mar 27, 2012

Your identity is not going to made public if you don't want it to. No, I'm not going to tell the LPC I won. You all are cool, but I won't do it.

Why not? Would you at least in your statement give a shout out! lol

Brcebrce

I might give one anonymous exclusive interview, just to see peoples reactions to my plan.

VenomV12

Quote: Originally posted by Simba774 on Mar 27, 2012

Your identity is not going to made public if you don't want it to. No, I'm not going to tell the LPC I won. You all are cool, but I won't do it.

Pretty sure your identity has to be made public. I believe we have covered this many many times on here. If you recall the last person that tried that walked away with nothing. So Simba774 should you have the good fortune of winning, we will know who you are.

Arrowhead's avatarArrowhead

Quote: Originally posted by faber98 on Mar 26, 2012

finally, someone who realizes that they will be much happier with a 6.3 million payday than all the headaches you will get by winning an unmanageable amount that this megamillions would deliver. i hope that there are 20 winners tomorrow to end this foolishness. no one needs that much money. it would absolutely ruin your life.

Well, Faber, I didn't win Ohio Classic, so I'm taking the chance on my life getting ruined.Wink

All kidding aside, in some ways I completely get what you're saying. And I believe there have been a few large jackpots historically gone unclaimed because people realized they won and knew they couldn't handle it. And those jackpots were nowhere close to this one.

Still, there's so much good that can come out of this windfall. One (and I would) could easily give half away to charity, family, friends. Set up dozens of college scholarships. Donate to churches, school districts, libraries, and upgrade facilities there. One of the best stories I recall was a recent West Virginia winner (no, not Jack Whitaker, although he donated alot as well despite his personal tomfoolery) who bought the town he lived all new fire and police vehicles, equipment and the like.

Faber, you could have a school building, library, stadium with your name on it, built because of your generosity. That'd be worth a helluva lot, I'd think.

myzeus's avatarmyzeus

I got my $10 in quick picks....I want to win!

Piaceri

Quote: Originally posted by Arrowhead on Mar 27, 2012

I agree as well. Can't imagine anything worse than being worth $160-180 million (depending on your state) after taxes and dealing with renters and their multitude of issues. For cryin' out loud, you've already made your money. Park it in tax-free munis, short-term bonds, buy some gold if you want, but 90% of it should be safe and simple. It's the clowns who try to be the next Trump that'll end up on Lotto's Biggest Losers show in the future.

Um, why keep it all to yourself when you can employ people and invest back into the economy. Yes, munis, bonds, etc are investing back into the community, but those are not the only options. No one is saying they will be the next Trump. They only wish to contribute to society. If someone wishes to continue working and growing their money, who are you to judge them?

Piaceri

Quote: Originally posted by VenomV12 on Mar 27, 2012

Pretty sure your identity has to be made public. I believe we have covered this many many times on here. If you recall the last person that tried that walked away with nothing. So Simba774 should you have the good fortune of winning, we will know who you are.

You are a scary dude, and the main reason for lottery winners to remain anonymous as possible.

Arrowhead's avatarArrowhead

Quote: Originally posted by Piaceri on Mar 27, 2012

Um, why keep it all to yourself when you can employ people and invest back into the economy. Yes, munis, bonds, etc are investing back into the community, but those are not the only options. No one is saying they will be the next Trump. They only wish to contribute to society. If someone wishes to continue working and growing their money, who are you to judge them?

Um, see my above comment to Faber. I'd give plenty of it away and in the process create employment. It's not a judgement, it's an opinion.

Masone

With this type of money, it would be all about doing the things that I deem fun, the things I have always wanted to do. I've always wanted to develop a video game. I've been writing a screenplay for the longest, and I either want it made into a video game or a TV series.

Investing into stocks and all that is a big no-no for me. I just won 170 million dollars(after taxes), I can easily put that money in the bank and make millions upon millions a year in interest. I have no interest in becoming a billionaire just for the sake of it. If it's something that happens with my video game series or tv series taking off, then so be it, but it wouldn't be about the money.

Also I would do everything in my power to get my favorite tv show back on the air. I absolutely hate it when networks cancel my favorite shows!

Piaceri

Quote: Originally posted by Arrowhead on Mar 27, 2012

Um, see my above comment to Faber. I'd give plenty of it away and in the process create employment. It's not a judgement, it's an opinion.

For cryin' out loud,  you've already made your money

 It's the clowns who try to be the next Trump that'll end up on Lotto's Biggest Losers show in the future.

Sounds judgemental to me.

Good for you wanting to give it all away like that. But IMHO giving money away does not create jobs. Give a man a fish, he'll eat for the day. Teach a man to fish, and he'll eat for life. Not judging you, but giving my opinion.

Arrowhead's avatarArrowhead

It was a response in agreement to what a member said, who was in agreement with another member. Basically that renting was a headache and if you had this kind of money, who needs that kind of headache. An opinion. Let's put the drama to rest, shall we?

And I didn't say I'd give it ALL away, but I could give a helluva lot away, in a manner that would directly benefit people. If someone is building a facility for a town or a school that needs, it, that's not contributing to employment in that community?

Jill34786's avatarJill34786

Quote: Originally posted by faber98 on Mar 27, 2012

sure jill, obviously you have no concept of how much 363 million is. you and your husband couldn't handle it despite your investment knowledge. you would be spending 20 hours a day just trying to keep track of all these investments you would have to make. what your're proposing to do would work if only you won say 5  or  6 million.  you would be fleeced and you know it by all these unscrupoulous people you deal with.

faber98, the net cash payout after taxes would be roughly 170 million while that is a substantial amount of money it's still less than half of the 363 million jackpot. I believe we are well equipped to handle it. Unlike what the far left and this current administration wants you to believe not everyone in the financial field is crooked. 

Many of the "unscrupulous people" you referred to are dear friends of ours and the majority of them are loyal and honest while having the utmost integrity. My husband traded futures and commodities at the CME for over 15 years and is a former partner of a successful hedge fund with over a billion under management so yes I KNOW he is more than qualified if we were to win.

Odds are we won't win anything as usual but we will continue to enjoy life. BTW, we already have a sizeable investment portfolio, both our homes are paid off and we have no debt. 

The next time you assert that someone has no concept on the value of a large jackpot or are ill equipped to handle it, I suggest you know a little more about them prior.

Nikkicute's avatarNikkicute

Quote: Originally posted by Lucky SOB on Mar 27, 2012

how much of the jackpot if you win will you out right spend on things like cars, homes, jewelry, electronics and other such toys.

I don't know...how much does a convenience store cost?

ttech10's avatarttech10

I think I'd be happy winning this even if I had to split it with 9 other people.

Simba774

Quote: Originally posted by Lucky SOB on Mar 27, 2012

how much of the jackpot if you win will you out right spend on things like cars, homes, jewelry, electronics and other such toys.

I cannot say, but I won't go too overboard. Oh, I will spend, but not too out of control. I don't want homes. I just want an apartment over looking the skyline. My parents just want two beautiful homes.  They say one here and one in Texas. I just want two cars or maybe three. Those Maybachs are really nice.  I love jewelry, but not all the jewelry I like cost an arm and a leg. I like electronics, but I don't need every last one. I would be lying if I say I don't love stuff. I have a lot of stuff now, but I'm going to try not to be buried in stuff. I like to collect snow globes, so I'm going to buy them from all over the world. I have few inventions I want to test out too. My stepdad wants to start a company selling his famous potato salad.

mcginnin56

All this wonderful free advice!    Crazy   Thank you my LP peers, I now know exactly how I will invest every dime, and spend every moment of my time.  Yes Nod

Arrowhead's avatarArrowhead

One thing for sure, for whoever wins tonight, however-many people win tonight.

This isn't money anybody has earned, generated from working and sweating 12-15 hour days, using their skills and talents, to build a business, a financial portfolio, security for their loved ones.

It's a windfall that dropped from the heavens above, crashed through their roof, and plopped down in their living room. It's the giant sack of cash that fell outta the Brinks truck taking the corner too fast by your house, rolled up your driveway, and landed on your front steps. It's your filthy-rich great-uncle Grover, the one who lived three time zones away and you've maybe met twice (you don't remember either time)---dying---and when they opened the Will your name was somehow at the top.

It's literally a gift of miraculously good-fortune. Hopefully the winner or winners treat it as such, look around the community where they live now or where they grew up or both---at their families, friends, neighbors, churches, businesses, schools---and lend a helping hand where that help is needed most.

mcginnin56

Quote: Originally posted by Arrowhead on Mar 27, 2012

One thing for sure, for whoever wins tonight, however-many people win tonight.

This isn't money anybody has earned, generated from working and sweating 12-15 hour days, using their skills and talents, to build a business, a financial portfolio, security for their loved ones.

It's a windfall that dropped from the heavens above, crashed through their roof, and plopped down in their living room. It's the giant sack of cash that fell outta the Brinks truck taking the corner too fast by your house, rolled up your driveway, and landed on your front steps. It's your filthy-rich great-uncle Grover, the one who lived three time zones away and you've maybe met twice (you don't remember either time)---dying---and when they opened the Will your name was somehow at the top.

It's literally a gift of miraculously good-fortune. Hopefully the winner or winners treat it as such, look around the community where they live now or where they grew up or both---at their families, friends, neighbors, churches, businesses, schools---and lend a helping hand where that help is needed most.

Excellent point Arrowhead!

 

Something else I heard from an episode of "Vegas", rings true as well. Money "won" is twice as sweet as money "earned"    Cheers

Arrowhead's avatarArrowhead

Quote: Originally posted by mcginnin56 on Mar 27, 2012

Excellent point Arrowhead!

 

Something else I heard from an episode of "Vegas", rings true as well. Money "won" is twice as sweet as money "earned"    Cheers

I like Simba's stepdad starting a company selling his 'famous potato-salad'. That's great...Big Smile

 

Well, good luck to everyone!

sirbrad's avatarsirbrad

Quote: Originally posted by faber98 on Mar 27, 2012

sure jill, obviously you have no concept of how much 363 million is. you and your husband couldn't handle it despite your investment knowledge. you would be spending 20 hours a day just trying to keep track of all these investments you would have to make. what your're proposing to do would work if only you won say 5  or  6 million.  you would be fleeced and you know it by all these unscrupoulous people you deal with.

I studied finance and worked in a bank for many years so I would be fine. But with this amount I would just take the annuity and have a lot of fun. Guaranteed check in the millions every year for 30 years. Not much to keep track of, and PLENTY enough for me.

searching4luck

If I won I would make Tina turner an offer on her house in the South of France.If she didn't want to sell I will find try to find me a place like it and build me one that is similar. There is a funny interview with Oprah about something she bought that belonged to a King Louis. She said something a long the lines of I liked it and I didn't see any reason why I shouldn't have it. The crowd laughed. With lottery money that is my mantra. I am going to put about 20 million away for safe keeping. Put together a charitable foundation. and blow the rest on  a rocking good time.

dpoly1's avatardpoly1

I get to my regular store to purchase an extra ticket last nite, and their lottery machines have been down since noon for updates!

The day before the biggest cash jackpot ever!

Ding Cuckoo!  Mad

I went to another store for the extra ticket!

dpoly1's avatardpoly1

Quote: Originally posted by sirbrad on Mar 27, 2012

I studied finance and worked in a bank for many years so I would be fine. But with this amount I would just take the annuity and have a lot of fun. Guaranteed check in the millions every year for 30 years. Not much to keep track of, and PLENTY enough for me.

"Guaranteed" until the government decides otherwise!

I don't trust the government!

You should know how to invest for a better return than the lottery annuity!

mcginnin56

Don't be upset dpoly, things happen for a reason. Perhaps that last store is where the winning jackpot tic will come from!   Eek

truewinner76's avatartruewinner76

a person should not have to wait until they win the lottery before they give 2 others and their community. winning the lottery should enable them to do it on a grander scale. myself I already donate to charities and give to the community, so this lottery jackpot would enable me to do it on a grander scale. but not to the point were I go broke.

KSplayer's avatarKSplayer

Quote: Originally posted by Nikkicute on Mar 26, 2012

I don't see why not, what would be so bad about that?

Unless you got secret scammers on the site ready to fill up the inbox with request, yuck!!

If I win I will tell and post up the winning ticket.Smile

I Agree!

kyokushin187's avatarkyokushin187

Quote: Originally posted by maximumfun on Mar 27, 2012

Not a word.  Silent as the dead.

I Agree!mums the word. no one would know.not the media,this site or no one else I didn't want to know.you never know what people are thinking,because with that amount of money people don't think rational. I say wait about 7 months,get trust set up and then cash ticket.like they say"jealous ones envy"

Jill34786's avatarJill34786

Quote: Originally posted by sirbrad on Mar 27, 2012

I studied finance and worked in a bank for many years so I would be fine. But with this amount I would just take the annuity and have a lot of fun. Guaranteed check in the millions every year for 30 years. Not much to keep track of, and PLENTY enough for me.

If you were fortunate enough to win, taking the annuity wouldn't be too wise considering the rate of return is roughly 1.5% paid out over 26 years. Not only that, but the top Federal tax rate may never be this low again(35%) especially with the spiraling national debt and the out of control government spending. You may very well be looking at a top tier tax rate in the 60-70% range by the time your entire annuity is disbursed.

If you take the lump sum and invest wisely, you could grow your principal way beyond what the annuity value is today...it would only take an ROI with a minimum of 2% to be ahead. I am sure any competent investor/money manager could get you returns  that are several percentntage points higher. Not only would you grow your principal but you would enrich the lives of future generations and those you care most as well as any charity of your choice.

Jill34786's avatarJill34786

Quote: Originally posted by dpoly1 on Mar 27, 2012

"Guaranteed" until the government decides otherwise!

I don't trust the government!

You should know how to invest for a better return than the lottery annuity!

I Agree! I would much rather dictate my own destiny instead of relying on the government.

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