Powerball lottery - Page 3 - Cherokee SRT8 Forum
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post #21 of 41 (permalink) Old 11-28-2012, 12:01 PM
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Buying my ticket after work. Definitely need that money right now LOL

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post #22 of 41 (permalink) Old 11-28-2012, 12:03 PM
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Tell you what I'm gonna buy 25 tickets, you know the saying somebody at some point has to win. If I win I have my own lottery for 25 strokers for the members here who have joined before yesterday. Gotta throw some of that legal info in there just in case, lol.

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post #23 of 41 (permalink) Old 11-28-2012, 12:07 PM
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^ is this a spoof? It was a hilarious read.



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post #24 of 41 (permalink) Old 11-28-2012, 12:10 PM
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Quote:
Originally Posted by DemonPerformance View Post
$350 million dollars worth of tickets would guarantee a winning ticket at 2 bucks a pop...$550 million or so is the pot, 40% of the $350 million added to it would make the pot go up to about $700 million or so, but after taxes you would come out about a $75 million winner if you take the payments(which would be a loss anyways if you think about it, your $350 million would earn you more over 30 years than $75 million lol), but you'd be about a $50 million dollar loser if you took a lump sum of let's say $470 million on the $700 million pot and paid the taxes on it LOL! You'd probably need months to print out all those combos lol...the only winner in this scenario would be the lucky gas station owner since they make 7% on the sale of the tickets! He comes out ahead $24 million in lottery ticket sales commission!
I keep forgetting the taxes and crap you guys pay.


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post #25 of 41 (permalink) Old 11-28-2012, 12:11 PM
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Quote:
Originally Posted by TonySRT8 View Post
Ted Turner did it with the Mega Millions lottery

http://www.atlbanana.com/ted-turner-...-to-be-a-dick/

And I've seen news reports of other investment firms doing it in the past when the pot gets big enough to outway the risk of having two winners.
Wow. Trusty Ted Turner. I'll have to give that a read later
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post #26 of 41 (permalink) Old 11-28-2012, 12:24 PM
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That Ted Turner Link was hilarious

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post #27 of 41 (permalink) Old 11-28-2012, 12:37 PM
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i'm in. I buy a ticket every 5 weeks that has one set of numbers that are good for 10 drawings. that gives me a shot at every drawing. yeah the odds are crazy...but people win.

i look at it this way...I invest $16 a month for the chance at millions. Some say i am throwing money away but heck my lunch was $26 yesterday!

if i ever win...it will be the greatest investment i ever made!

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post #28 of 41 (permalink) Old 11-28-2012, 12:48 PM
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Quote:
Originally Posted by jim383 View Post
Safe your money as heres the odd of you winning.

Powerball Odds Are 1 In 175 Million. They also said there is a slim chance that no 1 will win lol.

But if you don't play, your chances are zero.

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post #29 of 41 (permalink) Old 11-28-2012, 12:59 PM
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the mental millions being spent here....



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post #30 of 41 (permalink) Old 11-28-2012, 01:34 PM Thread Starter
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Quote:
Originally Posted by DemonPerformance View Post
$350 million dollars worth of tickets would guarantee a winning ticket at 2 bucks a pop...$550 million or so is the pot, 40% of the $350 million added to it would make the pot go up to about $700 million or so, but after taxes you would come out about a $75 million winner if you take the payments(which would be a loss anyways if you think about it, your $350 million would earn you more over 30 years than $75 million lol), but you'd be about a $50 million dollar loser if you took a lump sum of let's say $470 million on the $700 million pot and paid the taxes on it LOL! You'd probably need months to print out all those combos lol...the only winner in this scenario would be the lucky gas station owner since they make 7% on the sale of the tickets! He comes out ahead $24 million in lottery ticket sales commission!
You have to also take account for all the winning tickets that did not win the top prize. I think having all the numbers without the powerball number still gets you 1 million.


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