OT: Powerball

1960Pats · Jan 12, 2016

Ross12 said:
Do us all an even bigger favor, buy the Bills then ruin them.

Just kidding, they're doing fine on their own.

Hey, here's one of their fans now....

1960Pats · Jan 12, 2016

Good luck everyone.

nabwong · Jan 12, 2016

Clonamery · Jan 12, 2016

You can call me dumb n dumber if you're buying! Thanks!

I got your back if I win.

PatriotSpy · Jan 12, 2016

A Defiant Goose said:
Decided I'd fulfill my American duty to purchase a lottery ticket. I want all of you to know that if I win, and the Pats make it to the Super Bowl, I'm buying out a section of seats at Levi's Stadium and you're all coming with me.

Except Da Bruinz. Cause he thinks I'm a dumb dumb about what an offensive pick play is.

That is all.

If Da Bruinz ain't goin', i'm goin'.

DB is a party pooper.

A Defiant Goose · Jan 12, 2016

Biffins said:
Not sure what you mean by this. Please clarify. Lotteries are a form of regressive tax on the poor. I consider it my duty to protest against them and want them abolished. I find it abhorrent that things like the public education system in some states is being funded largely from the wages of the poorest and most destitute in the country be preying on their poverty and need for hope. If lotteries were abolished, the regular progressive tax system will have to be adjusted to fill the balance and the poor will be vastly better off. Those earning less than $15k per year spend on average approximately 5% of their annual wages on lotteries. It's despicable.

So...are you declining or...?

BTTA · Jan 12, 2016

1960Pats said:
After taxes the winner would have at least 3/4 of a billion dollars.

Just so people here aren't making firm plans with bad information. After taxes:

The 30 year annuity payment is about $25M per, depending on where you live
The lump sum payout is about $460M, also depending on where you live.

brdmaverick · Jan 12, 2016

That actually would be a really cool idea. After all, in all honesty after a devastating loss or tremendous win I enjoy coming to this board b/c I know people on here 'get it'.

After a heartbreaking loss you feel the pain as much as I do and no one here would say 'it's just a game'.

And after a tremendous win I think the crowd here would also understand a few tears of joy.

BobDigital · Jan 12, 2016

Sounds good! I will buy next time i will an billion dollar lottery!

BobDigital · Jan 12, 2016

betterthanthealternative said:
Just so people here aren't making firm plans with bad information. After taxes:

The 30 year annuity payment is about $25M per, depending on where you live

The lump sum payout is about $460M, also depending on where you live.

considering inflation and the investment opportunities you should always take the lump sum.

In fact if i won that I would take the lump sum and use it to start my own lottery! That is where the really money is anyway

Mack Herron · Jan 12, 2016

I shotty front row.

jri37 · Jan 12, 2016

Don't forget the new guy.

BTTA · Jan 12, 2016

BobDigital said:
considering inflation and the investment opportunities you should always take the lump sum.

In fact if i won that I would take the lump sum and use it to start my own lottery! That is where the really money is anyway

There's a pretty good argument for taking the annuity here: http://www.nytimes.com/2016/01/13/u...column-region&region=top-news&WT.nav=top-news

anditsgood · Jan 12, 2016

A Defiant Goose said:
Decided I'd fulfill my American duty to purchase a lottery ticket. I want all of you to know that if I win, and the Pats make it to the Super Bowl, I'm buying out a section of seats at Levi's Stadium and you're all coming with me.

Except Da Bruinz. Cause he thinks I'm a dumb dumb about what an offensive pick play is.

That is all.

I only have to wear something funny just once right?

PatriotReign · Jan 12, 2016

Count me in.

goheels22002 · Jan 12, 2016

If I win, I am going to buy the NY Jets and immediately trade the 1st and 4th picks to the Patriots for whomever this forum tells me to. Then I'm going to move that the other owners join me in firing Roger Goodell.

PYPER · Jan 12, 2016

A Defiant Goose said:
Decided I'd fulfill my American duty to purchase a lottery ticket. I want all of you to know that if I win, and the Pats make it to the Super Bowl, I'm buying out a section of seats at Levi's Stadium and you're all coming with me.

Except Da Bruinz. Cause he thinks I'm a dumb dumb about what an offensive pick play is.

That is all.

In in and I'll match that offer

HeadHunter · Jan 12, 2016

Also in and would match should I win!!

nabwong · Jan 12, 2016

BobDigital said:
considering inflation and the investment opportunities you should always take the lump sum.

In fact if i won that I would take the lump sum and use it to start my own lottery! That is where the really money is anyway

I don't know man.

$25m for 30 years is $750m for doing nothing.

$460m works out to 18 years on a 25m average. Then you have to work to increase it.

I think i'd go for $25m annually.

BobDigital · Jan 12, 2016

betterthanthealternative said:
Just so people here aren't making firm plans with bad information. After taxes:

The 30 year annuity payment is about $25M per, depending on where you live

The lump sum payout is about $460M, also depending on where you live.

It is true that the lump sum is less but some obvious benefits are not included in this

#1 Inflation is not factored in. Lets say for the sake of argument you get 300M over installments over 30 years 180M right now. Lets say inflation doubles in that time making 2 dollars today worth 1. That is not unlikely at all. This means that your 300M over 30 years is now instead a total worth the amount of 200M or so.

#2 The possibility to invest. if you get that 150M working for you right now it is not at all impossible you could double or even triple it over that 30 year time frame.

I could take about more but need to go

Interesting topic though.

OT: Powerball

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