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Old Wed, Jan-13-2016, 09:47:25 PM   #151
pshep138
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Default Re: Powerballs lotto 700 millions

Jesus christ. If I did my math right, $700 in tickets?

35 tickets x 10 plays/ticket x $2 a play?
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Old Wed, Jan-13-2016, 09:48:38 PM   #152
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Default Re: Powerballs lotto 700 millions

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Originally Posted by hamada View Post
how much would it be to buy all combinations? I am sure some people are spending mad money on this tonight.
30 minutes line is nothing, wait a few hours and it will be an hour. The place I went to had 3 winning lottos in the past so that may be a part of why it was busy.

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Old Wed, Jan-13-2016, 09:56:30 PM   #153
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Default Re: Powerballs lotto 700 millions

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Originally Posted by pshep138 View Post
Jesus christ. If I did my math right, $700 in tickets?

35 tickets x 10 plays/ticket x $2 a play?
Yup. Again, a financial advisor.....
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Old Wed, Jan-13-2016, 10:00:29 PM   #154
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Default Re: Powerballs lotto 700 millions

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600 million for all combos.....and you walk away with 23m in the state of oregon after taxes and getting a lump sum..... not sure if thats a good ROI lol

You'd make more investing it and making 8% ...48m to be exact.
Hmm, good point.

But would you rather take $23m guaranteed instantaneously or take your chances in the markets to earn $48m (which could take years and still has the possibility to lose $$)?
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Old Wed, Jan-13-2016, 10:01:46 PM   #155
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Default Re: Powerballs lotto 700 millions

I don't understand the fuss, whoever wins it will never be able to spend it all or will simply die using it.
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Old Wed, Jan-13-2016, 10:21:44 PM   #156
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Default Re: Powerballs lotto 700 millions

You must not have enough hookers and blow available my friend
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Old Wed, Jan-13-2016, 10:25:11 PM   #157
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Default Re: Powerballs lotto 700 millions

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I don't understand the fuss, whoever wins it will never be able to spend it all or will simply die using it.
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Old Wed, Jan-13-2016, 10:28:02 PM   #158
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Default Re: Powerballs lotto 700 millions

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Hmm, good point.

But would you rather take $23m guaranteed instantaneously or take your chances in the markets to earn $48m (which could take years and still has the possibility to lose $$)?
It is not guaranteed. You are guaranteed youll win, but you might lose as well. 600m to buy all combos. The pot is 623m-697m after taxes depending on state. If 1 other person wins the pot with you, you lose 300m dollars.


Not to get all lorenzo on you, but most wealth management firms can get 6-8% without even trying. Try JP Morgan wealth management, WF The private bank etc.

If i had 600m dollars in cash to buy tickets, I wouldn't.
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Old Wed, Jan-13-2016, 10:39:07 PM   #159
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Default Re: Powerballs lotto 700 millions

Damnit you ZO'ed the thread
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Old Thu, Jan-14-2016, 12:32:27 AM   #160
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Default Re: Powerballs lotto 700 millions

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Discussing Powerballs lotto 700 millions in the Off Topic Forum - Place to discuss this and that. Note: We also have "request to join" forums: Guns and Fitness.
(Threads/posts inside may contain material that is NSFW / offensive) at BMW M3 Forum.com (E30 M3 | E36 M3 | E46 M3 | E92 M3 | F80/X)