Powerball

[jawn]

Originally Posted by PWBRZ

With the odds of winning supposedly at 1 in 292.2 million it would seem to be like most of the lottery: taxation for the statistically impaired

Wonder if they'll allow one person to purchase 293 million tickets...

I wonder if there's enough time between now and Wednesday to purchase 293 million tickets by an interested party looking to buy every possible combination. If there were enough time, I don't see why they wouldn't let you.

[MisterSheep]

Originally Posted by PWBRZ

With the odds of winning supposedly at 1 in 292.2 million it would seem to be like most of the lottery: taxation for the statistically impaired

Wonder if they'll allow one person to purchase 293 million tickets...

.

You still have to think about it it's not just your odds against other people but the odds of YOUR numbers being pulled. It's quite possible that someone doesn't win the lottery because it's all based on the numbers that are pulled.

speaking of which, I'll probably buy some scratchers after work today.

[finch1750]

Originally Posted by PWBRZ

With the odds of winning supposedly at 1 in 292.2 million it would seem to be like most of the lottery: taxation for the statistically impaired

Wonder if they'll allow one person to purchase 293 million tickets...

thats true. could double your money (assuming nobody else hits and you have to split the prize) wonder if the machines could work that fast haha

and those are the odds. its a math formula that coild be replicated

[MisterSheep]

Originally Posted by finch1750

thats true. could double your money (assuming nobody else hits and you have to split the prize) wonder if the machines could work that fast haha

Originally Posted by finch1750

thats true. could double your money (assuming nobody else hits and you have to split the prize) wonder if the machines could work that fast haha

and those are the odds. its a math formula that coild be replicated

yo finch. fix your double post

[jawn]

If someone else hits as well, it's instantly no longer a profitable venture.

[G-awesome]

Originally Posted by strat61caster

I honestly couldn't imagine spending $10 million on non-frivolous things over the next 5 decades of my life. Seriously if you dump that into an investment account that yields 2% every year you could withdraw 1% (that'd be $100k before taxes) every year to live off of, and I underestimated the gains on that money, it should easily keep pace with inflation, plus you'd probably buy yourself a house so your monthly housing costs should start seeing a decrease to free up some budget. That lands you within the top 20% of the nation with only a few hours here or there keeping an eye on it, you could live like a king in a less desirable area, even within California.

World travel is the only thing that would put a hole in my theory that I'd only ever want for $10 mil, you start traveling first class and the zeroes get added onto the bill real quick.

Funny enough, everyone always says they probably won't spend more than 'X' million if they won the lottery but with a bigger income, people inherently will spend more and start living according to their new lifestyle (or greater). Whether it spirals into reckless spending/investing depends on the person's self control/ego and the people that surrounds them.

I love reading those stories on people who won millions and then lost it all. Waiting eagerly to see what happens to this powerball winner in 5-10 yrs. You have to be pretty crazy to blow through a billion dollar lottery winning but anything is possible nowadays.

[G-awesome]

Originally Posted by jawn

If I win, I'm running for president. I'm running on the platform that we need to bring back trial by combat.

Funny enough, that's more reasonable than Donald Trump's ideas... (eg. wall around Mexico and banning all Muslims travelling into the US)

[G-awesome]

Originally Posted by MisterSheep

See i agree with this. Why does it need to be so high? Theres NO WAY the average human being can spend 1.2 Billion. If anything donate most of it to a charity of some sort. I'm only asking for 1mil honestly because I could still keep my job, go to school (and pay it off), save some money, and build the car of my dreams.

If history shows previous powerball winners can going broke after winning 100 million, celebrity bankrupties, politician spending habits on tax dollars, lives of the rich and famous....anything is possible in this day and age!

[jawn]

Originally Posted by G-awesome

Funny enough, that's more reasonable than Donald Trump's ideas... (eg. wall around Mexico and banning all Muslims travelling into the US)

JAWN 2024. Make Erica Eat Again.

[finch1750]

Originally Posted by MisterSheep

yo finch. fix your double post

lol what double post

[mkivsoopra]

Originally Posted by MisterSheep

guys guys guys.

Powerball being at 1.2 billion. With there being roughly 319 million people in the us....

That means we could split the winning EVENLY AMUNGST EVERYONE. Everyone could receive 3.76 million. could you imagine what our country could do if everyone was given 3.76 million dollers??

Maybe provide people with some math lessons?

[MisterSheep]

Originally Posted by mkivsoopra

Maybe provide people with some math lessons?

Here lets take;

1,200,000,000
and divide that by
319,000,000

Tell me what you get. 3.761 dollers.....

I was dumbfounded and wronglol

deleted comment for future embarassment

[jawn]

Originally Posted by MisterSheep

guys guys guys.

Powerball being at 1.2 billion. With there being roughly 319 million people in the us....

That means we could split the winning EVENLY AMUNGST EVERYONE. Everyone could receive 3.76 million. could you imagine what our country could do if everyone was given 3.76 million dollers??

Oh my word.

[BRZChix]

Originally Posted by MisterSheep

guys guys guys.

Powerball being at 1.2 billion. With there being roughly 319 million people in the us....

That means we could split the winning EVENLY AMUNGST EVERYONE. Everyone could receive 3.76 million. could you imagine what our country could do if everyone was given 3.76 million dollers??

"3.76 million dollers" => remove "million" then change "dollers" to "dollars"