15 Lunch-ladies and a janitor win $95mil from a quarter (read $0.25) each.

[sciencewhiz]

Originally posted by: BigSmooth

Originally posted by: sciencewhiz

Originally posted by: RossMAN
$95,000,000 / 16 = $5,937,500 assuming Uncle Sam takes 50% = Net $2,968,750

Since they undoubtedly took the lump sum, cut it in half again. Still, 1.5 million for 25 cents is pretty good 😉

The article states each person's winnings would be about 2.1 million after taxes. So, halving that, they will each net around $1,050,000 assuming they take the lump sum.

That 2.1 million was referring to the lump sum. They assumed 33% taxes, whereas RossMAN assumed 50%.

I'm not sure about their figure of 33% for taxes though. I though the highest tax bracket was 40% (or maybe that was before the latest round of tax cuts). Then, the state will want thier cut also.

 

I've got my tickets for the next drawing already. I want to be next.

 

[RossMAN]

Originally posted by: BigSmooth

Originally posted by: sciencewhiz

Originally posted by: RossMAN
$95,000,000 / 16 = $5,937,500 assuming Uncle Sam takes 50% = Net $2,968,750

Since they undoubtedly took the lump sum, cut it in half again. Still, 1.5 million for 25 cents is pretty good 😉

The article states each person's winnings would be about 2.1 million after taxes. So, halving that, they will each net around $1,050,000 assuming they take the lump sum.

That's what I get for not reading the article 🙂

 

[BigSmooth]

Originally posted by: sciencewhiz

Originally posted by: BigSmooth

Originally posted by: sciencewhiz

Originally posted by: RossMAN
$95,000,000 / 16 = $5,937,500 assuming Uncle Sam takes 50% = Net $2,968,750

Since they undoubtedly took the lump sum, cut it in half again. Still, 1.5 million for 25 cents is pretty good 😉

The article states each person's winnings would be about 2.1 million after taxes. So, halving that, they will each net around $1,050,000 assuming they take the lump sum.

That 2.1 million was referring to the lump sum. They assumed 33% taxes, whereas RossMAN assumed 50%.

I'm not sure about their figure of 33% for taxes though. I though the highest tax bracket was 40% (or maybe that was before the latest round of tax cuts). Then, the state will want thier cut also.

/me rereads
Whoops, my bad, it does say "cash option" there, doesn't it? 😱

33% does seem low, though.

 

[DaviDaVinci]

if all the AT'ers pitch in 25cents, what are the chances of us winning?

 

[tcsenter]

if all the AT'ers pitch in 25cents, what are the chances of us winning?

Well let us suppose the odds of any particular combination of all numbers being drawn are 1 in 43,000,000.

If AT buys one ticket containing 1000 'plays', or 1000 tickets each containing one 'play', the odds of winning the Jackpot are still 1 in 43,000,000.

 

[fs5]

Originally posted by: Beau
http://www.msnbc.com/news/986038.asp?0cv=CB20

ROSEVILLE, Minn., Oct 28 � They waited until the students got their lunch, then 15 school cooks and one janitor who each put a quarter into a lottery pool came forward Monday night as the holders of a Powerball ticket worth more than $95 million.


WHY THE **** CAN'T I EVER BE THAT LUCKY?

look at your wife and say, "baby I am that lucky"

^ brownie points 😉

 

[Koing]

Originally posted by: Ameesh
nice! good for them!

Lucky them!

Koing

 

[rh71]

Definitely ... good for them... they endured a crappy life dealing with kids who treat them like they're bottom of the barrel... guess who gets the last laugh ? Oh yeah... and their kids too...

 

[TheNinja]

I'm glad for them, but I bet they'll keep their jobs, or they'll end up coming back begging for their jobs back in 3 years. 1 to 1.5 million is really not enough to quit your job and retire on, unless you live somewhere where cost of living is extremely low. Heck, the average house price where I live is around $550,000. I would take the money, buy a house, keep my job and then buy some more fun toys, like a truck, new dirtbike, new PC, new guitar.

 

[fs5]

1.5 million is enough to live off of at their age. I can't imagine them making more than $50k a year right now anyways.

 

[dquan97]

Providing that they get good counsel, $1.5M is plenty enough to live on.

 

[DrPizza]

Originally posted by: Skoorb
Giving hope to the mathmatically declined millions in our society 🙂

For the most part, it should be treated as entertainment... You get to dream for a little while what it would be like if you won the jackpot. Anyone playing more than $1 is an idiot (well, an idiot in terms of mathematical ability)... you don't get to have twice as many dreams and fantasies about winning the big one.