i ran the calcs and stats.
so FV = 1.5b
30 year, 3% inflation, PV =617m
taxed at 40%
PV= 370m+ today
price of powerball is 2 bucks, ~300m combos. that’s $600m cost today.
so net net you are losing $230m even if you are a sole winner. you are even a bigger loser if you have to split pot.
but theoretically, if the pot grows large enough, and the odds of winning remain the same. you could have a positive payoff in the lotto.
i never bet on the lotto, but if there ever was a positive payoff. id consider buying a ticket. haha
I’m sure the 3 jackpot “winners” are crying today over what losers they actually are.
In unrelated news, I bought one share of a $2 stock yesterday, and it just hit $190 million per share!
i ran the calcs and stats.
so FV = 1.5b
30 year, 3% inflation, PV =617m
taxed at 40%
PV= 370m+ today
price of powerball is 2 bucks, ~300m combos. that’s $600m cost today.
so net net you are losing $230m even if you are a sole winner. you are even a bigger loser if you have to split pot.
but theoretically, if the pot grows large enough, and the odds of winning remain the same. you could have a positive payoff in the lotto.
i never bet on the lotto, but if there ever was a positive payoff. id consider buying a ticket. haha
So I reckon those winners are having a rough day today eh?
ohai
January 14, 2016, 8:07pm
#84
I remember that scene from Bourne where amnesiac Matt Damon goes to a luxury yacht company, and they recognize him as one of his aliases who had been shopping for a luxury yacht. So basically, Matt Damon had at some point walked into the office, pretended to be a rich yacht buyer, and had all these guys kiss his @ss . Sounds like something we could do for fun.
with the influx of Canadians buying powerball tickets, one could only laugh from the North if a Canadian actually won the jackpot. We’d get annexed after the public outrage for sure.
we ought to build a wall to keep out you wildlings.
Ghibli
January 14, 2016, 8:58pm
#87
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
infinitybenzo:
IsThereAny:
haha nice
dont get it.
[video:https://www.youtube.com/watch?v=W_49P1RtqU0 ]
Ghibli:
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
Please provide names and addresses of said slot machines, and when I add buying a cup of coffee from the coffee machine 20 feet away from them to my daily routine, I’ll gladly throw a couple of bucks into them when the jackpot is relatively high.
Ghibli
January 14, 2016, 9:49pm
#91
higgmond:
Ghibli:
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
Please provide names and addresses of said slot machines, and when I add buying a cup of coffee from the coffee machine 20 feet away from them to my daily routine, I’ll gladly throw a couple of bucks into them when the jackpot is relatively high.
Well, there is a harrah’s in Chester. Call them up and ask what the highest progressive is at the moment. And I’m condifent that in Vegas or Atlantic City there are always a few machines, they actually link some of the machines nationwide for the progressive jackpot, that are well into to the millions and occasionly tens of millions. I have yet to see anything in the 100s of millions though.
Ghibli:
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
do you ever do anything other than pick fights?
Again, im guessing you were picked on a lot in junior high and high school.
Ghibli:
higgmond:
Ghibli:
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
Please provide names and addresses of said slot machines, and when I add buying a cup of coffee from the coffee machine 20 feet away from them to my daily routine, I’ll gladly throw a couple of bucks into them when the jackpot is relatively high.
Well, there is a harrah’s in Chester. Call them up and ask what the highest progressive is at the moment. And I’m condifent that in Vegas or Atlantic City there are always a few machines, they actually link some of the machines nationwide for the progressive jackpot, that are well into to the millions and occasionly tens of millions. I have yet to see anything in the 100s of millions though.
Harrah’s Chester is 50 miles away and in the wrong direction, so not exactly an ideal stopping point for daily coffee. Certainly not as convenient as the Wawa on my way to work. Parx Casino is much closer, but also in exactly the wrong direction.
igor555
January 15, 2016, 3:14pm
#94
igor555
January 15, 2016, 3:29pm
#95
Ghibli
January 15, 2016, 3:30pm
#96
Greenman72:
Ghibli:
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
do you ever do anything other than pick fights?
Again, im guessing you were picked on a lot in junior high and high school.
I used to hassle you about something, but I can’t remember what it was about…
Ghibli
January 15, 2016, 3:33pm
#97
higgmond:
Ghibli:
higgmond:
Ghibli:
Right now there are a number of progressive slot machines around the World with payouts into the millions, even tens of millions, with better odds than the lotto. Why aren’t all you powerball players giving that a go? Not enough money to dream?
Please provide names and addresses of said slot machines, and when I add buying a cup of coffee from the coffee machine 20 feet away from them to my daily routine, I’ll gladly throw a couple of bucks into them when the jackpot is relatively high.
Well, there is a harrah’s in Chester. Call them up and ask what the highest progressive is at the moment. And I’m condifent that in Vegas or Atlantic City there are always a few machines, they actually link some of the machines nationwide for the progressive jackpot, that are well into to the millions and occasionly tens of millions. I have yet to see anything in the 100s of millions though.
Harrah’s Chester is 50 miles away and in the wrong direction, so not exactly an ideal stopping point for daily coffee. Certainly not as convenient as the Wawa on my way to work. Parx Casino is much closer, but also in exactly the wrong direction.
Maybe you can send your driver to take a few pulls? Cost effective I’m sure, given all that dreaming you get to do.
igor555
January 15, 2016, 5:00pm
#99
I’m amazed by the stupidity of such people. And, I’ll be more amazed if anyone donate on her fund page.