I went to buy a few tickets today. They asked if I wanted to pay the extra for the "Power Play". I asked how much it was to play for the insane jackpot and they said $2, and it's $1 more to add the PP and that if I won I'd get even MORE money. I said told them pretty much, really, MORE money? I told them to forget it and that I'm not that greedy, haha.
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No winner yet, Powerball at $675 Million biggest in U.S History
- Thread starter Armadilo
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nicoga3000
Saint Nic
Forgot to buy tickets. Woops. I'm excited to see how many people win - I suspect like 5+
JHoNNy1OoO
Member
half a moon
Banned
Glad my state decided to join 10 ish years ago. Tho the border is 30 mins away
Stuggernaut
Grandma's Chippy
If a GAF'er wins, can you buy me a PS4? 
Good luck to all that played! I do not play Powerball because the sheer volume of eligible states bugs me lol... but my Wife plays it so I guess I play by proxy?
Good luck to all that played! I do not play Powerball because the sheer volume of eligible states bugs me lol... but my Wife plays it so I guess I play by proxy?
DrForester
Kills Photobucket
I wonder what the most number of winners a single drawing has had.
I seem to remember one high jackpot going to three winners.
Little Green Yoda
Member
4 more minutes to buy tickets? Or an hour and 4 minutes?
friskykillface
Banned
the twist is that everyone wins so we all get $2
the end
the end
The Fronde
Member
But aren't the odds of it coming up all low numbers the same?
SodiumBenzoate
Member
I only buy tickets when the prize is greater than the ticket cost*chance of winning the grand prize. so $584M for this Powerball jackpot system.
I know this isn't entirely rational because of split pots and lesser prizes, but hey, it's
aspirational.
Bought $20 worth of tickets (random numbers of course) on the way home.
Good luck lotteryGAF!
I know this isn't entirely rational because of split pots and lesser prizes, but hey, it's
a fantasy
Bought $20 worth of tickets (random numbers of course) on the way home.
Good luck lotteryGAF!
smokeandmirrors
Banned
one hour left y'all
Deadline is passed
If I win, I'll buy everyone who has posted in this thread a GAF Gold account! Wait, how much does that cost again?
Seriously though, I can't even imagine winning this much money. Imagine going from standard lower-middle class or so to just BAM, having half a billion dollars just out of the blue. I can't even fathom it.
Seriously though, I can't even imagine winning this much money. Imagine going from standard lower-middle class or so to just BAM, having half a billion dollars just out of the blue. I can't even fathom it.
So going to do that over the PSA tomorrow.
Unknown Soldier
Member
Today's amusing statistic:
The odds of winning are roughly 1 in 292 million. There are already more people in the 44 states which participate in Powerball than that. If it were possible to assign every single person in the 44 states a different combination, one person would be able to win every drawing.
However, as nobody has won in a really long time (which is why the jackpot is nearing $1 billion), it's clear that some combinations are being picked more than once and others aren't being picked at all.
Less than an hour to go guys!
The odds of winning are roughly 1 in 292 million. There are already more people in the 44 states which participate in Powerball than that. If it were possible to assign every single person in the 44 states a different combination, one person would be able to win every drawing.
However, as nobody has won in a really long time (which is why the jackpot is nearing $1 billion), it's clear that some combinations are being picked more than once and others aren't being picked at all.
Less than an hour to go guys!
DrForester
Kills Photobucket
Looked it up myself on Wiki. At least going by the biggest jackpots, there have never been more than 3 winners at once.
https://en.wikipedia.org/wiki/Lottery_jackpot_records
The 2nd largest jackpot ever had 3 winners.
The 3rd largest had 2 winners
The 4th largest had 1 winner
If I win, I would take the 30 payments. That way I don't go crazy with $420 million at once
$10 million is way more than I need for the rest of my life, let alone for one year
Here's a breakdown of all the state taxes. New York is highest at 8.82% !!!!
https://www.usamega.com/powerball-jackpot.asp
$10 million is way more than I need for the rest of my life, let alone for one year
Here's a breakdown of all the state taxes. New York is highest at 8.82% !!!!
https://www.usamega.com/powerball-jackpot.asp
Not that I'm in the business of telling people what they should do with their money, but it isn't really better than buying different numbers. As you get more money, the perceived value of each dollar is inherently less. The difference between $500 million and $50 million isn't that huge for someone who has that kind of money but 0.01% of either of those amounts would feed a homeless guy for a long time.
I'm from the east coast you surfer bastard.
Anuson.Phan
Banned
I'm in Ohio. Thanks for the info.
Beerman462
Member
Too much I'll take 1-10Gs
If I win, I would take the 30 payments. That way I don't go crazy with $420 million at once
$10 million is way more than I need for the rest of my life, let alone for one year
Here's a breakdown of all the state taxes. New York is highest at 8.82% !!!!
https://www.usamega.com/powerball-jackpot.asp
I'd take the lump sum, invest the vast majority of it, and use the rest to live my daily life. In the end you would have way more than the total jackpot.
I just wanna pay off my debts and still have a little on the side
PHOENIXZERO
Member
If I win, I would take the 30 payments. That way I don't go crazy with $420 million at once
$10 million is way more than I need for the rest of my life, let alone for one year
Here's a breakdown of all the state taxes. New York is highest at 8.82% !!!!
https://www.usamega.com/powerball-jackpot.asp
But you could beat that though fairly easily and at the same time be less at the "mercy" of the tax rate and who knows what else that could happen over the next 30 years. It would be pretty easy to live entirely off interest/dividends and not touch the principal. Keep in mind that the tax rate shown in the image isn't your likely final tax burden.
DrForester
Kills Photobucket
I'm surprised that to get the jackpot up faster, they haven't increased the payout for the smaller prizes.
Matching 4 numbers only get someone $100. 3 numbers. Only $7.
Matching 4 numbers only get someone $100. 3 numbers. Only $7.
Ape Gone Insane
Member
You guys can't get the entire amount as a lump sum and you have to pay taxes on it?
lol.
If I win, I would take the 30 payments. That way I don't go crazy with $420 million at once
$10 million is way more than I need for the rest of my life, let alone for one year
Here's a breakdown of all the state taxes. New York is highest at 8.82% !!!!
https://www.usamega.com/powerball-jackpot.asp
You'd be taking less overall then.
If you did a present value calculation for your future cash flows, you'd find out it would be less than the current lump sum. This is all based off the interest rate fluctuations being similar to the past.
Take the lump sum, just invest in index funds and you'll be fine. Simplest way to be rich for generations.
friskykillface
Banned
30 minutes til doom
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