Yeah, I’ll probably pop a few bucks into the Redneck Retirement Plan!
The entertainment value for $2 is high
I play lottery for one reason. It makes an excuse to not go to Vegas and other similar gaming venues.
It’s less than a Starbucks coffee.
Given how many people screw up after they win the lottery a person might consider getting the annuity for their own protection if they are young. However, if I win I am taking the whole thing and no one will ever know I won until I croak and leave them money. And I will buy a separate annuity with some proceeds to protect me if I lose my mind and blow it all.
I would never take the annuity. Give it all to me.
I will invest it over several investment firms to diversify it instead.
If you every combination guaranteeing that you won, it would cost you 302 million ^ 2= $602 million. Assuming he odds in the article are correct.
But not only is the lump sum after taxes only worth $300 milion, there is a distinct possibility that you will have to share the prize with others who also bought the winning ticket. So maybe you get $300 million after taxes. Maybe you get $50 million after splitting with 5 other ticket holders.
Skip an overpriced drink (Starbucks) or junk food snack or meal for one day and gamble whatever you would have spent on that junk on the lottery tickets.
Okay.
$300 million is worth my 2 bucks.
When I go to work, I’m taking my life into my own hands, $10 worth of gasoline, and 40 minutes of my time to earn about $150... And that’s just in the morning. I repeat the same risk in the afternoon*.
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* I am retired now, so no more rat race.
For 300 mil I can hire a good accountant and a good lawyer and retire with my family in comfort. It’s worth a shot.
“Is $810 million worth a $2 Mega Millions ticket? It depends”
It’s an effin GAME!
A buck or two for few laughs?
Why not. Ya lose more in the dang washing machine or sofa.
What a freakikng buzz kill that story was...jeez-louise....its nice to daydream
“You have better odds of a smaller payoff, such as winning $1 million for matching five regular numbers but missing the Mega Ball.”
That’s why I play the statewide lotteries here in Minnesota. the odds are supposed to be better.
But from all the tickets I throw out, I’m beginning to doubt that.
I met a guy that won >$100 million. I’ve played the same numbers regularly ever since. You never know...$2 is less than a half of gallon of milk/gas...
Sure...for a couple of bucks you can try your luck. If you win, it will be life changing.
I have certain rules about the lottery. It has to F-you level money. What qualifies is $300 million and up. If I win, the instant payout is about 1/3 of the face value, so we are talking $100 in my pocket.
You have to set limits on what you spend on such foolishness, and that is mine. I spend maybe $30-40 per year on lottery tickets because the jackpot doesn’t go over that magic number that often
Someone asked me once what I would do if I won the lottery.
I said, disappear.
A dollar for your dreams...
My financial plan includes winning the lottery.
I read the stories from analysts who tell you the odds.
A woman I know won $1 million in 1987.
A woman at my workplace won $500 million in 2018.
What are the chances? If it can happen to those two, it can happen to me. It’s worth a $2 ticket to me.
Nope. I’m too good at math.