Posted on 02/19/2006 4:12:59 AM PST by dakine
Not buying a ticket doesn't affect your odds much.
That's what I figured...My odds are just as good at catching a ride to Mars...
I'm sour:-(
The jackpot is always overstated by roughly double it's true value. It's $177 million less taxes if you take it now.
If you allow them to keep it and invest it and pay you an annual amount like a mortgage, then the total payments over 30 years add up to $365 million.
I think it's false advertising.
I wonder how many people would play if they knew there odds were less than 1:150 million of winning a jackpot that was probably worth $90 million after taxes instead of $365 million.
LOL, I have a friend in Nebraska.
I have family in Nebraska. Gosh, I miss them. Think I'll give them a call.......
Me too, what is their name again ??
It must be Bush's fault we did not win !!
I won't have to work on Monday even though I didn't have a winning Powerball ticket... seems as though I just received an e-mail from someone in Nigeria that needs my assistance... too bad the banks are closed tomorrow, I'll have to wait until Tuesday to authorize the transaction and get my $30M.
Tell you Nebraska family you just found a long lost cousin living in NJ.
The lottery money is used for education. What they don't tell you is that it is not in ADDITION to the current funding, it simply replaced the current funding which they diverted to the general budget.
Uuhh... I did and I do. What's a few $$ here and there? I've spent a lot more on other frivolous activities. Say, "gentlemen's clubs" when I was younger?
I remember a columnist from Chicago back when the Illinois lottery was a big deal named Mike Ryoko. Big lib and he's dead now I think but he did a couple of columns on the lottery.
He got into this thing about how all the winners were planning on taking a couple of weeks off and then would be back at work. He was able to contact about 20 winners who'd made this statement. Only one had ever returned to work and that one only dropped by to take his former workers out to lunch.
Rush also got into the lottery back in the mid-90s. He had several callers who had won lotterys and he spent quite a bit of time talking with them on their experiences.
Perhaps the most interesting was a guy who'd won about 20M. According to this guy, he spent several days at the state lottery headquarters. They had a three day seminar arranged for him on what to do after the win. Mostly stuff on don't blow it all on new cars and some invest for the future things.
They also gave him some tips on what not to do. One was don't go back home. They told him that there would be any where of up to 100 people standing on his front porch ready to sell him cars, real estate, life insurance, trips, etc. They told him not to go home even to pick up his clothes. (Said hire some one to pick them up and donate them to charity). Said if he went home, they would follow him to where ever he planned to 'hide out'.
They guy said he got so much mail that he had to make special arrangement with the post office. For the first two or three months, he received three or four duffle bags of mail per week full of wonderful offers.
Even though he moved and followed the advice, he still gets phone calls at all hours. Stuff like, 'my second cousin's aunt's daughter was just in a horrible car wreck and they have no insurance. If you cold just send $10,000 through western union to pay....'. He also got some calls from guys he hadn't seen in 20 years along the lines of 'you probably don't remember me but my cousin sat next to you in second grade. I've got this great investment idea...'.
Still, I could live with all that. My plan would involve about 200 acres with very tall fences and very hungry rottweillers. (I've given up on the big breasted, bleached blond bimbos house maids. The missus told me I could have as many as I wanted but she would hire one lawyer for each one of those I hired.)
The jackpot is always overstated by roughly double it's true value. It's $177 million less taxes if you take it now.
"If you allow them to keep it and invest it and pay you an annual amount like a mortgage, then the total payments over 30 years add up to $365 million.
I think it's false advertising.
I wonder how many people would play if they knew there odds were less than 1:150 million of winning a jackpot that was probably worth $90 million after taxes instead of $365 million"
You still have to pay taxes on the $12M you receive annually. I read that the taxes would be 27% for federal plus state taxes; but for the sake of argument you could take the $90M and invest it and after 30 years you would have much more than $365M.
What are life settelments?
Probably good advice- stay away from the house. My rule would be simple- if you were my friend when I was borderline destitute, you're my friend when I am loaded. If you only show up when I win the lotto, then you are contemptible and can go pound sand. I don't care what your offer/deal/sob story is. And get the F* off the lawn, or I'll turn the hose on you. :-)
I think FR would be getting a substantial donation- lots of friends here. :-)
Hey I agree with you. They only invented the lottery to one up the numbers games and organised crime betting. The US government is the biggest gangsta coming and going when coming to stealing money.
We Okies have been bit on the butt time after time by this same promise that it will benefit ejumication. Liquor-by-drink, indian gaming, pari-mutuel betting, several different lottery games, all were sold as the salvation of education. Guess what? The State teachers unions still demand more each year. Don't know if it actually increases ed funding or not, but for sure it hasn't quieted the OEA!
But even with taxes they dont tale 2/3 of my money for tax.
I am as serious as a heart attack! Americas politicians waste more of our tax money and steal more than it takes to run 2 third world countries.
The lottery is as addictive to a lot of people as narcotics. Wake up and smell the roses. We legalize booze and the lottery so under your pretense we should legalize drugs such as crack and marijuana.
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