Jackpot at $250 Million for Powerball

Yahoo! News ^ | July 9, 2003 | LISA RATHKE

[El Conservador]

Oh boy, the things I'd do with $250M...

[mhking]

Frantically grabbing phone....

"Hello...Mom?"

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[MNlurker]

I bought my 5.

I won't hold my breath.

[kylaka]

I know one you'd definitely do. $$$$$ PAY LOTSA TAXES $$$$$

[The G Man]

You guys can stop all those fund raising posts. I'm gonna win this thing, so lets just say that FR won't have any financial problems for a loooooooooooooong time.

[colorado tanker]

True. The actual cash value is half. Assume about 40% would go in taxes and the jackpot is really worth about $75 million. I think I could scrape by on that.

[LibWhacker]

Peanuts! I'm not buying a ticket until it hits $1 billion. ;-)

[Catspaw]

Got my ticket....even after I take the cash and pay the taxes, I'll be sitting in the front rooooow.

[toddst]

And, you sure can't win if you don't play. We have friends who won a few years back so it does happen to regular people all over the country.

[cynicalman]

I know one you'd definitely do. $$$$$ PAY LOTSA TAXES $$$$$

WHO CARES

[SoDak]

Have my enemies driven before me, and listen to the lamentations of the women?

[RJCogburn]

Wrong. The odds of winning are 120 million (or is it 180 million?)to 1.

The jackpot is greater than the odds...therefore the odds ARE IN YOUR FAVOR!!. Thus you cannot afford not to get a ticket. ;^)

[Catspaw]

A quirky old guy from my old neighborhood won a few years back. In his largesse, he said he was giving each of his kids $1000. He really didn't realize how much money he had won.

[SoDak]

I'd put a quarter of it in a trust that paid out in income once a year, and blow alot of the rest on friends, family and charities, and maybe even buy my momma a double-wide.

[TomServo]

190,000,000 to 1...last I checked.

[toddst]

A quirky old guy from my old neighborhood won a few years back. In his largesse, he said he was giving each of his kids $1000. He really didn't realize how much money he had won.

Interesting. Guess he didn't count the zeros.

Here's another interesting fact:

In 2002 a $51.5 million jackpot drawn September 14 was never claimed and forfeited by someone in Indiana. Right now there is one unclaimed for $21 million in Louisiania that will be forfeit soon.

I guarantee if I have a winning ticket it WILL be claimed!

[ContemptofCourt]

The cash option is $141M...figure 40% in taxes, and you clear around $86M in cash.....in the bank, earning a piddly 1% a year, and you can live off the $840K and not even touch the principle.

That'll buy a couple cases of beer, eh?

[RJCogburn]

Okay, so I gotta buy a ticket. Back soon!

[Catspaw]

The old duffer just died--I'd bet his kids divided what was left of his winnings.

He was this strange little guy who'd collect scrap metal, lived in a tiny one bedroom house & collected rusted hulks of old cars. His only indulgence was to restore those old cars and buy a few more. He never moved out of that tiny house--although he did put siding on it.

I remember running into him at one of the local grocery stores in the old neighborhood after he had won. It was lottery drawing night & he was too late to buy a ticket. He was fighting with the manager, saying by HIS watch it wasn't too late to get a ticket. After he walked out of the store, the manager and I had a good laugh about it.