Powerball hits $450 Million

[Baruch]

Anyone ever see America-thon?  If the jack pot gets big enough ... the winner gets the entire national debt.  Lucky him!  Your dollars today are debits, not credits ... that is why JFK had to die die die.  People have been Pavlov-ed into trading debts.  Give me cold pressed latinum instead (1st rule of acquisition, Ferengi).

[Mermaid]

I won $4! WHOOHOO!

[Gawdzilla Sama]

I won $4! WHOOHOO!

Spend it wisely.  Or lattely, more likely.

[Shiranu]

I was off by 1 digit on 3 numbers and got the power ball right. I'm going to go sulk in a corner now.

[Mermaid]

I was off by 1 digit on 3 numbers and got the power ball right. I'm going to go sulk in a corner now.

YOU WON $4!!!

[Shiranu]

YOU WON $4!!!

Yeah I guess I cant complain :P.

[Johan]

Jackpot now at 1.3 billion.

Is that a record breaker for a jackpot size?

[AllPurposeAtheist]

Tonight's Powerball lottery is going to be worth about $450 Million. A single winner choosing the cash option should take home about $150 after taxes. What would you do with that kind of money?

I don't know about the rest of you, but if I had to fork over $449999850 to the feds I'd be really pissed off and vote for a republican or something..

[PopeyesPappy]

Is that a record breaker for a jackpot size?

If the $1.3 billion stands it will be almost twice as big as the previous record holder.

[Gawdzilla Sama]

I don't know about the rest of you, but if I had to fork over $449999850 to the feds I'd be really pissed off and vote for a republican or something..

It doesn't all go to the Feds. If you take the cash option they don't bank the money and give you payments based on the principal and interest, just one payment of the principle. It's set up so that the education fund gets more money that way as well. Long term annuity gives you and your state's education fund more money.

[stromboli]

It doesn't all go to the Feds. If you take the cash option they don't bank the money and give you payments based on the principal and interest, just one payment of the principle. It's set up so that the education fund gets more money that way as well. Long term annuity gives you and your state's education fund more money.

Which is kind of interesting, because thousands of Utahns go over the border to buy tickets, and any win by a Utahn benefits Idaho, not Utah. This is Mormonthink. Don't have the lottery because gambling, don't have legal pot because drugs, but they do have the lowest per capita amount of funding for schools, and kick the poor kids that can't afford school lunch to the curb.

Something like 110,000 people have moved to Colorado and their economy is booming. Other than the fundies in Rock Springs that are looking the other way at blown up abortion clinics and tacitly supporting the murder of clinic employees, its a largely progressive state. And for some reason the fundies can't see how a progressive, secular approach isn't vastly better than a religious one. The stupid is strong among them.

[aitm]

The cash option would really be stupid in this case. few fucks sake you would be getting 50 million a year….or sumpin like that. 50 million a year! You can't spend that.

[stromboli]

The cash option would really be stupid in this case. few fucks sake you would be getting 50 million a year….or sumpin like that. 50 million a year! You can't spend that.

Depending on whether you can pass on the money to survivors after you die- which I haven't seen mentioned anywhere- absolutely. But in my case, being 66 and not going to likely live 30 years nor gain any benefit for that long, the cash option could make sense. In any case its more money than I could spend on anything reasonable. Kids would be driving Ferraris, not me. If Bernie Sanders got the nomination I'd donate a chunk for the election, but that is about the only big ticket I could think of.

But I'll still buy another ticket, just for the fuck of it.

[aitm]

Depending on whether you can pass on the money to survivors after you die- which I haven't seen mentioned anywhere-

Thats what lawyers are for. With that kind of money you line up the kids over 18 and have them sign the ticket with you. Hell, plenty of moolah to go around.

[JBCuzISaidSo]

800 million as the one time payout. Fucking overkill. My kids' kids, and THEIR kids, wouldn't even need Sanders' free community college.

Never thought I'd see a billion dollar lottery in my lifetime, but I suppose there are billions expecting a second coming of their lord & savior in their lifetime, so why not a billion in lottery winnings......