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

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I never buy a lottery ticket, historically referring to it as the "Stupid Tax." But even I couldn't resist; I bought a ticket for each one of my immediate family members, and one for myself.

I figure that if they win instead of me, I'll still get a cut. 🙂
 
If I win I'm buying every game on Steam so I can post a meme picture on reddit that will earn me tons of karma.

"Wins 300+ million and buys all games on Steam" "Plays nothing but MW3".
 
M0oG0oGaiPan said:
If I win I'm buying every game on Steam so I can post a meme picture on reddit that will earn me tons of karma.

"Wins 300+ million and buys all games on Steam" "Plays nothing but MW3".
Click to expand...

Make sure you buy all the Railworks DLC to really inflate your portfolio.
 
Even my coworker, good Christian church goer, finally gives in and will by a ticket or two after I told her about the $600M plus jackpot.
 
We've got a pool going at the office. Between 15 or so of us, we've got about 235 tickets. I don't usually play the lottery, but I can part with $20 to pay the stupid tax once in a while.
 
Svnla said:
Even my coworker, good Christian church goer, finally gives in and will by a ticket or two after I told her about the $600M plus jackpot.
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It's the Baptists that have a problem. Us Methodists don't and will even speak to each other in the liquor store.😛
 
Madness, saw another office pool on FB, $600

Another group of 7 got $700 in quickpicks (ballers)
 
Looking at how many people were involved in our office pool I can't help but wonder what would happen to a company if it's office pool wins.
 
Gibson486 said:
the jackpot is over 300 million for a cash out.... even with 50 people playing the pool, that is still enough to retire...
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300/50 = 6MM less taxes = 3m each

I wouldn't retire with that. Maybe if you had 10 years of your life left...
 
Ns1 said:
300/50 = 6MM less taxes = 3m each

I wouldn't retire with that. Maybe if you had 10 years of your life left...
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Uh....

First I believe tax is capped at 35% not 50% which gives you 3.9million. Now, once that is invested you can generally assume that a 3-4% withdrawl per year will not lower the amount you have invested (due to gains in the market) at a 3% withdrawal rate that gives you $117,000 per year. 4% is 156k.

Even if you go with your 3M figure thats still 90k and 120k respectivley

How is that not enough to retire on?
 
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