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Putting your millions in the bank
The FDIC insures each account up to 250,000, so if you don't wanna use about 600 banks, invest most of it in long term treasuries. At least they are free of state income taxes.
Oct 8, 2023, 11:51 am - stexstuff - Lottery Discussion Forum

$1.4 BILLION: Powerball jackpot juggernaut keeps rollingReply
A winner who chooses the cash option would receive a lump-sum $643.7 million more than a half-billion dollars in cash! Well yes, but not really. Not after Uncle Sam takes his 37% cut. But even so, what's left for the winner after taxes are paid would still make them what the finance industry classifies as an Ultra High Net Worth Individual . A UHNWI has 30 million or more in liquid assets available for investment. And for sure, there aren't many UHNWI's on the planet. G5
Oct 5, 2023, 10:17 am - GiveFive - Lottery News

$1.04 BILLION: Massive Powerball jackpot increases againReply
1 billion massive jackpot sounds nice, but in reality one would get only around $280 millions (after taxes). [greedy lottery administrators take 50% of the jackpot].
Oct 1, 2023, 5:53 pm - TwoMillion - Lottery News

$1.58 billion Mega Millions lottery winner has two weeks left to claim cash optionReply
G5...... If they are reasonably keen on being silent, they might have contacted Lottery Lawyer Kurt D Panouses down in Indiatlantic, FL. https://www.panouseslaw.com/ His site does show 4 trusts that he represented including the Nickel 95 trust back in 2016. With that sized jackpot getting $15 Million on the first annuity payout(after taxes) ain't too shabby.
Sep 23, 2023, 8:58 am - CDanaT - Lottery News

thoughts on lottery syndicatesReply
It could be beneficial, but it may not necessarily result in a win. Am sure the people that have won billions before taxes when the jackpot is that high they play serious money like they just don't care
Aug 24, 2023, 8:28 pm - JustMaybe - Lottery Discussion Forum

thoughts on lottery syndicatesReply
Only need one ticket to win. I like the group because I buy in once and the group lasts about 6 months. During the 6 months, I get over one thousand chances to win at least $1 million (after taxes).
Aug 22, 2023, 9:54 pm - winoneday - Lottery Discussion Forum

One ticket sold in Florida is sole winner of $1.58 billion Mega Millions jackpotReply
Actually if you don't mind the high taxes in California, Los Angeles is an excellent place for someone with hundreds of millions of dollars to live. There are many centimillionaires in LA: Beverly Hills, Bel Air, Pacific Palisades, Malibu etc. many places to disappear and great weather. You move anywhere outside of the major cities or in most other states you will need to buy a ranch to be isolated from people or you will be a big fish in a small pond where as in LA there are a lot of big fish w
Aug 21, 2023, 2:06 am - Rigged50 - Lottery News

One ticket sold in Florida is sole winner of $1.58 billion Mega Millions jackpotReply
What is the purpose of rigging a lottery drawing by the government and how exactly could they do this. They want it hit to collect the taxes one would think. You think it is rigged for certain states to win it. Not logical at all. You see the balls bouncing around in a plastic drum. How could they ever know what those are going to be ahead of time in such a short span of time between drawings how would they know what combinations are covered or not when then can still be purchased minutes before
Aug 11, 2023, 9:14 am - billybucks - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
This should help you with taxes: https://www.usamega.com/mega-millions/jackpot
Aug 8, 2023, 8:59 am - CDanaT - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
If my initial personal amount is 477M plus. But as a result of reducing taxes through charitable giving my new personal amount is 333M plus. I don't think I will have saved 100M in taxes. I would have lost 144M in personal amount. The 227M once given to charity as an endowment doesn't belong to the winner. Yes you could have it in a Donor Advised Fund but still one can't revert it to themselves. You can't include it in your net worth and say that I am worth 333M and another 2
Aug 8, 2023, 2:02 am - JustMaybe - Lottery News