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PSA: Megamillions won by some lucky people in MD, Kansas, Illiinois

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I bought my first ever lottery ticket tonight after 6 years of them selling in North Carolina. I got 10 quick picks and felt so stupid having to ask the clerk if I had to fill out a form.
 
If a similar amount of tickets are purchased this time as on Tuesday drawing, then there is around a 35% chance that it will roll over again. Here is hoping it keeps rolling over until it hits 1 Billion.
 
I entered a work pool today. Twenty of us put in $10 each. Tix to be bought tonight, scanned and shared tomorrow.
 
so if I have a better chance of being struck by lightning, I'm going to BETTER the odds and go outside with a long metal pole while the ping pong balls come out.
 
SandEagle said:
i'd get one if it came in automatic.
Click to expand...

I would want to kill you so hard you would die.

I wont even by a normal car in automatic let alone a car that should never be automatic. The closest to automatic I would want to come is an F1 style gear box with paddle shifters.
 
According to this

http://davidwier.com/powerball.aspx

So lump sum at $389 mill would be:

Lump Sum :
(approx) $210,245,242.00 / $136,659,407.00 (after 35% tax)

Annuity at $540 mill would be:

Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $20,769,231.00 / $13,500,000.00 (after 35% tax)

Seems like you would go for the $13.5 mill a year annuity because you would end up with 351 mill versus only $136 mill?

Is that right? Annuity is a no brainer then
 
AMDZen said:
According to this

http://davidwier.com/powerball.aspx

So lump sum at $389 mill would be:

Lump Sum :
(approx) $210,245,242.00 / $136,659,407.00 (after 35% tax)

Annuity at $540 mill would be:

Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $20,769,231.00 / $13,500,000.00 (after 35% tax)

Seems like you would go for the $13.5 mill a year annuity because you would end up with 351 mill versus only $136 mill?

Is that right? Annuity is a no brainer then
Click to expand...
Yes, but isn't everyone saying that because money is devalued as time goes on it is better to just get it all up front and invest? I'm not really keeping up to date with the lotto situation so I don't really know, just thought I might have read that somewhere in here.
 
AMDZen said:
According to this

http://davidwier.com/powerball.aspx

So lump sum at $389 mill would be:

Lump Sum :
(approx) $210,245,242.00 / $136,659,407.00 (after 35% tax)

Annuity at $540 mill would be:

Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $20,769,231.00 / $13,500,000.00 (after 35% tax)

Seems like you would go for the $13.5 mill a year annuity because you would end up with 351 mill versus only $136 mill?

Is that right? Annuity is a no brainer then
Click to expand...


Wow
 
AMDZen said:
According to this

http://davidwier.com/powerball.aspx

So lump sum at $389 mill would be:

Lump Sum :
(approx) $210,245,242.00 / $136,659,407.00 (after 35% tax)

Annuity at $540 mill would be:

Per Year ( 26 yearly payouts (Mega Millions) ) :
(approx) $20,769,231.00 / $13,500,000.00 (after 35% tax)

Seems like you would go for the $13.5 mill a year annuity because you would end up with 351 mill versus only $136 mill?

Is that right? Annuity is a no brainer then
Click to expand...
If the lump sum is $389 million, why are you using "$210,245,242.00" as your starting point to calculate the tax? This website breaks down all the payouts by state, and the lowest amount you'd walk home with after ALL taxes (federal and state) is $250 million in New Jersey.
 
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