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MegaMillions rolls to $1.6 Billion, $904 mil cash option

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MegaMillions rolls to $1.6 Billion, $904 mil cash option

 
Old 10-20-2018, 11:03 AM
  #1  
ratflinger
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Default MegaMillions rolls to $1.6 Billion, $904 mil cash option

I don't know if you could actually **** off that much money. I guess a giant yacht, private jet, and multiple fancy houses, but damn. I suspect by the time Tuesday gets here the cash option will be over 1 billion. If it rolls again you might win enough to be a billionaire after taxes, unless you live in a high tax state.
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Old 10-20-2018, 11:09 AM
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Worth playing to dream for a few hours.

Where are are all these credible psychics?! I need numbers.
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Old 10-20-2018, 11:13 AM
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39 tickets!!! Havenít checked yet, but wondering if I am eating Top Ramen next week to stay in my cash budget!
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Old 10-20-2018, 11:16 AM
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I'd be more than thrilled to hit tonight's Powerball drawing.
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Old 10-20-2018, 11:44 AM
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Second place ain't bad as TV news says 15 people won $ 1 million 😎
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Old 10-20-2018, 11:56 AM
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That's a fuckton of money. May invest another $10, for ***** and giggles.
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Old 10-20-2018, 12:33 PM
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I fucked around and didn't buy in for last night but I will grab a few for this one....yeah I know....odds are ridiculous but......besides I may win something less but I doubt it
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Old 10-20-2018, 12:44 PM
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I would buy a 2 seat FA-18 Hornet and give it 94LT1. He can take me for rides.
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Old 10-20-2018, 12:59 PM
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Actually, the larger the jackpot, the higher expected return on the purchase of one ticket. This is fact.

The difference between a "speculation" and an "investment" is that an investment has a positive expected return, where a speculation has a negative one.

When the jackpot starts out at about $40,000,000, the expected value of a ticket is about $0.29, so clearly a speculation. As the jackpot grows, your odds of winning it don't change, so the expected value of the ticket rises, basically on the backs of those other losers who bought tickets in previous drawings that didn't win. Once the expected value of the ticket exceeds the $2 you spend on it, it can properly be deemed an "investment".
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Old 10-20-2018, 01:07 PM
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I'm really surprised no one hit it. So many people buying. At this point it's very likely to be a shared jackpot.
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Old 10-20-2018, 01:10 PM
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Originally Posted by PKguitar View Post
Actually, the larger the jackpot, the higher expected return on the purchase of one ticket. This is fact.

The difference between a "speculation" and an "investment" is that an investment has a positive expected return, where a speculation has a negative one.

When the jackpot starts out at about $40,000,000, the expected value of a ticket is about $0.29, so clearly a speculation. As the jackpot grows, your odds of winning it don't change, so the expected value of the ticket rises, basically on the backs of those other losers who bought tickets in previous drawings that didn't win. Once the expected value of the ticket exceeds the $2 you spend on it, it can properly be deemed an "investment".
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Old 10-20-2018, 01:16 PM
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Originally Posted by 05c6silververt View Post
My thoughts exactly.
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Old 10-20-2018, 01:20 PM
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average 100 tickets per second,,and 200 per sec at mid-day
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Old 10-20-2018, 02:41 PM
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If I win it I'll pull an Oprah CFOT Style.

C4 Vettes for everyone!!!
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Old 10-20-2018, 02:53 PM
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Originally Posted by pewter99 View Post
I fucked around and didn't buy in for last night but I will grab a few for this one....yeah I know....odds are ridiculous but......besides I may win something less but I doubt it
Someone or a few people will win.....might as well be in the mix.
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Old 10-20-2018, 03:02 PM
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I bought a ticket for $2 this morning. This thing is going to hit $2 Billion by Tuesday. You'd net a little less than $700 Million after the lump sum penalty and taxes.

I'd give away half immediately, probably 99% to charities and then giving a million bucks or to every family member and close friend. Actually I'd probably do around ~1.7 Million each so they'd all net ~1 million after taxes. I'd invest the other half of the winnings conservatively, mostly in Vanguard Total U.S. Stock Fund and the Wellesley Income Fund, with a sprinkle of the small cap and international funds, and maybe 10% overall for individual stock picking, and become an actual billionaire in 10-20 years depending on annual market returns, depth of future recessions/corrections/bear markets, etc.

I would buy myself a much larger no soliciting sign to replace our current one.

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Old 10-20-2018, 04:10 PM
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I have a buddy driving down to Montucky to buy some tickets, I gave him some money to include me. Now wouldn't that be f'kn hilarious if The "Legend" Monk won your American lottery.....holy f'k I would laugh and laugh and laugh....then buy VMJ a ZR1.
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Old 10-20-2018, 04:14 PM
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Originally Posted by themonk View Post
I have a buddy driving down to Montucky to buy some tickets, I gave him some money to include me. Now wouldn't that be f'kn hilarious if The "Legend" Monk won your American lottery.....holy f'k I would laugh and laugh and laugh....then buy VMJ a ZR1.
I don't see any problem with that. You can take your chances just like anyone else. Just never buy from a broker. I know the rules in Texas state that if you didn't buy the ticket in Texas, from an authorized seller then they won't pay. Happened before, some guy back east bought tickets from a broker and won the jackpot. Texas refused to pay, courts sided with Texas because the rules were in place and advertised.
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Old 10-20-2018, 04:39 PM
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Originally Posted by _Will_ View Post
I bought a ticket for $2 this morning. This thing is going to hit $2 Billion by Tuesday. You'd net a little less than $700 Million after the lump sum penalty and taxes.

I'd give away half immediately, probably 99% to charities and then giving a million bucks or to every family member and close friend. Actually I'd probably do around ~1.7 Million each so they'd all net ~1 million after taxes. I'd invest the other half of the winnings conservatively, mostly in Vanguard Total U.S. Stock Fund and the Wellesley Income Fund, with a sprinkle of the small cap and international funds, and maybe 10% overall for individual stock picking, and become an actual billionaire in 10-20 years depending on annual market returns, depth of future recessions/corrections/bear markets, etc.

I would buy myself a much larger no soliciting sign to replace our current one.

With those kind of winnings you should hire an armed guard.
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Old 10-20-2018, 04:40 PM
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Originally Posted by ratflinger View Post
I don't see any problem with that. You can take your chances just like anyone else. Just never buy from a broker. I know the rules in Texas state that if you didn't buy the ticket in Texas, from an authorized seller then they won't pay. Happened before, some guy back east bought tickets from a broker and won the jackpot. Texas refused to pay, courts sided with Texas because the rules were in place and advertised.
I'd buy you something nice too.
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