neospor1n
144531
1757
41
1) I know take home is probably only in the 500 million range
2) for any of you saying ‘you didn’t win’. I’m going to politely disagree at this time
Nov 4, 2022 8:51 PM
neospor1n
144531
1757
41
1) I know take home is probably only in the 500 million range
2) for any of you saying ‘you didn’t win’. I’m going to politely disagree at this time
Notarealcount
@OP If you win, I would like 1 Millions dollars for believing in you the whole time.
dwilson0725
Well I guess we're splitting and not splitting the jackpot then.
BurlRavenscroft
The lottery is always won by someone. It isn’t undefeated. Good enough odds for a night of dreams.
IHaveAnAwesomeWizardBeard
neospor1n
No, but we can discuss further at another time
DidItForScience
Well, the numbers are in now. I went in on a pool with 3 friends $10 each. We didn't win. Odds of getting hit by lighting are waaaay higher.
username476
Congrats on the win! Now you can afford rent for a year and buy milk.
TheRealFireFrenzy
@OP
TheRealFireFrenzy
"Thank you but i prefer it my way"
ElbowDeepInAJedi
There's no proof you aren't going to win.
drduffer
This is my sole reason for buying lottery tickets. A couple of days of sublime fantasy for a few bucks. Both longer and cheaper than a movie
neospor1n
Yea. I buy tickets as early as possible for a draw to maximize the $/hr of fantasy
theoriginalgiga
Take the installments, it's more than enough to live on, you gain interest and you're sure not to blow it all at once.
Northstar219
I spent hours looking into the stats on lottery wins when I was bored at a gas station that sold them, it's not lookin good ?
Northstar219
I don't remember which lottery, but at the time, nobody had ever won with a single ticket. The winners were always people who bought a TON
Northstar219
It might be been powerball, this was 20 years ago and we had like 8 different ones we sold aside from all the scratch tickets
Northstar219
Also, the "expected" return on every $1 put into the lottery at the time was $0.40. Bc of all the small winners like if u get a few numbers
HomoSumHumaniAMeNihilAlienumPuto
@op People say that the lottery is a tax on stupidity. They are wrong, it's a tax on hope.
neospor1n
$2 for 48 hours of hope? Well worth it. I know the math is against me buuuut shrug
NewUsernameWhoDis
Your odds of winning when buying a ticket are significantly higher than winning when you don't.
neospor1n
Yea, the increase from 0 to 1 ticket iOS astounding, 1 to 2 is negligible.
iknowalotaboutboats
It’s schrodingers lottery if you just buy the tickets and put them in a box never to look at them again.
Chimpanzeezeetop
Will you be hiring henchmen up winning?
neospor1n
Hence men and fake mes. If you have brown hair and brown eyes you will be my doppelgänger
ILovedUnicornsFirst
I do! Will boobs be an issue?
neospor1n
Nope, for me or my wife doppelgänger
ILovedUnicornsFirst
Lol Perfect. My going doppelgänger rate is whatever you’re paying because I’m in no position to be picky.
tuxedobob
$786 million or so.
candle340
And it lasts until you check the numbers, regardless of when they were actually drawn
neospor1n
Yea. I try to resist on Star days
ChrisPinesface
I have this daydream A LOT, and it always seems kind of boring in retrospect. Buy a nice little place, a nice computer. 1/2
ChrisPinesface
Take care of my people, pay off any debt, donate for kids/animals. Seems like obvious stuff, but when I do this it gets me through the day
welcometothedystopia
I get it but for so many lotto winners their and their family's lives turn to shit and early death. Big scam
neospor1n
Yup thankfully both my wife and I are of the personalities to be assholes to everyone
OsrsSlothUIM
"Only" 500mil... hell 100$ would help me so much. Guess I better start playing
ImCommanderShepardandthisismyfavoritepostonthefrontpage
Thanks for reminding me to get a ticket. I won't win, but I have the disposable income to justify trying.
neospor1n
Just remember, 10% reminder fee
ImCommanderShepardandthisismyfavoritepostonthefrontpage
I'll definitely remember that
neospor1n
Fine fine, I’ll take a flat 10 million. That’s less than 1%.
DoubleSunMoonMoon
@OP, i just want you to know that you are a gentleman of distinction and good taste. Think of me when you need someone to hold your millions
LordOfTheFattys
I hope you win. You deserve it. And you're very kind and generous to everyone who believes in you and supports you.
neospor1n
I am! $2 to anyone who files a claim!!
Tsunamix
I always buy one ticket when it goes over $1B. I usually consider the lottery "a tax on people who do not understand odds". It's only $3.
Penguinsandbroadswords
Our state lottery helped with my college tuition and our nieces and nephews and will help my kids. So thank you!
Lemmingofdarkestnight
The lottery isn't a quantum event. Doesn't work.
TielKiri
We don’t actually know at which point quantum probability wave functions collapse; they *appear* to collapse, sometimes, but various-
TielKiri
serious models posit that that’s only because we’re included in those functions and thus also exist in a superposition state where we both-
TielKiri
see it collapse one way and then another, but never conscious of both at once
candle340
How do we know, though? How do we know anything is actually real?
Myowngrampa
LarvaLamp
skylardarkfox
Suppose they drew the balls by radioactive decay. Whatever ball gets hit by an alpha particle gets drawn.
trueunpopularopinions
...oh, lottery balls.
skylardarkfox
Unless you're looking for Schrodinger's Sterilization.
OhIfIMust
Naw, Alphas are easy to block. Just don't eat the source...
skylardarkfox
Why do they call it yellowcake if you're not supposed to eat it?
Weblord
Lotteries should only be played for fun. They are a tax on hope and innumeracy.
n0n53n53
they are played for fun
neospor1n
Yuuup, and I’m okay with it at this time
Elrohn
I told my team and peers that I played the lottery. Being a money guy, and very sturdy in costs...they were surprised. I told them...
Elrohn
I actually play every drawing. $4 wk * 52 wks is $208. I told them it's an annual subscription plan...
MrJollyBear
Whatever you tell yourself to convince you it’s not wasting money.
Elrohn
Eh ..piss away 200 on a tab 1 night out drinking. But I hear ya.
Elrohn
For a remote chance to call in rich and disappear from existence.
ProfaneSanction
I see my mortgage as a subscription to not get hit by lightening in my sleep.
Flowerlady0
I buy a lotto ticket instead of a candy bar. I do it for my health
NERDRAGEohacat
Lotto is a more engaging and full of emotional rollercoasters than most of what Netflix/HBO/Disney offers these days too.
BakingDev
But not more than a Hallmark holiday movie.
ImHereToGetDownvotes
You only doing Mega Millions? Powerball draws 3 times a week, Mega twice. If you were playing both every drawing, that would be $520/yr.
neospor1n
I do whichever is bigger, but only once they break about 300MM
backrideup9
Did you just say "only" and "$500 million" in the same sentence?
AzurePaint26
I was thinking the saaaame thing
neospor1n
Yes. I did. I mean, it’s not like I bought twitter for 44 billion without blinkin an eye
Semiflaccid
It would be more, the full payout at 1.2b was over 550mil, this would probably be more around 700mil but honestly who's counting at that...
Semiflaccid
Point
neospor1n
Eh, after lump sum payout and about 40% In fed/state taxes, who knows
Ninjainslippers
I assume to preempt the "actually you wouldn't be a billionaire" idiots. But yes, that's multiple yachts and houses money plus $400M in cash
Seggs
600m$/yr puts you in the 1%er club. youre not quite "eat the rich" rich, but you can see it from there
LarvaLamp
As long as it puts me in the "eat the poor" category, I'll take it! Peasant under glass, anyone?
coalminersknuckle
@op may have to get a second job just to get by if op wins. So sad
TheRealNotSoSlimShady0
Is that all? Lol
bemurray814
It's over 2 billion, take home is 25%. Yep only
nipplepanties
If it's the powerball take home is closer to 750 mill
Wolfshead009
But then pull off the 37% ish for taxes. It is still more money than I will see in my lifetime, but still.
nipplepanties
No the take home is 750 of a 1.5 bill powerball
HenryLongfellowIII
Isn’t it much less if you want to take it as a lump sum? Minus taxes on top of that.
HellfireJags
Thought the same thing. I swear society's concept of large sums of money has gotten so skewed.
LarvaLamp
I'm assuming it's "only" in relation to the advertised total.
n0n53n53
right now it's at $782 million cash value ($1.6 billion total prize)
HellfireJags
Then they take out the taxes.
StitchesAreMyJam
Do you pay tax on windfall in the US? You’d get every sweet £ in the UK…
dyc3r
Yeah. If you take the annuity option (paid put over 30 years), you get roughly 852 mil after taxes.
Thatknifeguy
That’s 3 whole college degrees, or 10 tanks of gas!
n0n53n53
or a million washing machines
AzurePaint26
How many bananas is that?
TaviRus
The lotto withholds 25% as tax on large cash winners. Taxes will usually be higher (state taxes not withheld) but initial take home ~585M.
TaviRus
You can opt in to have the full taxes taken initially, but they always withhold the 25%
TaviRus
And yes, there are ways to get payed back on that 25%, but US tax code does t fit into 140 characters
mufasa1028
I thought it was 33%
notadiddler69
Depends on state taxes, some take additional lottery earnings, marginal tax rate is 37% so takehome is like 1/3 of total prize ish
ricpaul
1.6B minus 25% is 585M. What am I missing?
TaviRus
The big jackpot is paid out over 30 years. If you take the lump sum cash, its lik 50-55% of that jackpot number. If you manage it well...
TaviRus
You end up making more with the lump sum, but history shows most lotto winners don't manage it well and go bankrupt in ~5years.
AnubisPriest
That they take half to pay it out immediately. I think to get the whole 1.6B you have to take it out over 50 years or something
ricpaul
Didn't know this. We EITHER have 10M lump sum OR a different lottery with 10k a month for 30 years. Also 25% tax but the government run >
Seggs
yes. but you also have to pay regular taxes on that annuity. its best to just take the lump sum and actually have access to that money
Sooner70
I guess I'm odd. I'd be much more likely to play if they gave out 1000, $1M winners....
[deleted]
[deleted]
ohmplenty
Depends on where you live; $2M at the best savings rate I can find (2.75%) is $55k/yr. That's below poverty in some cities.
dwilson0725
There are many $1mil winners, that's one of the prizes below the jackpot.
suckstoyourauntie
I've always thought so. How much better would it be for society if that were the case, instead of one billionaire? A trickledown that works?
neospor1n
Depending on the odds I would agree. The headache that comes with 1.6 billion…I’ll take it, but I can’t imagine it’s easy
sweetnaivety
I would share with my entire family and close friends
neospor1n
That includes me right?
sweetnaivety
who are you?
neospor1n
Close friend
PirateRubberDuck
Seems easy enough to me. Let your new accountant figure out the details while you go on a month long holiday.
TheIceHorse
God I’d be happy with just winning 100k. I could get a car that wasn’t a death trap and throw the rest in savings and go back to my 9-5 lol
ThisIsMyDogLily
Hi ? money ?
neospor1n
Billy idol always said “mony mony”. I assume he just was bad at spelling
GoldblumNoises
emjay9010
Hi, Neo! You OP post compelled me to go buy a ticket too, got 3 games (gotta be in it to win it, eh!?). The winner in 'Straya will be ME!?
emjay9010
And, Neo? Thank you in advance for motivating me to buy ticket. I shall reward you handsomely for your post when I win. Cheers! ???
neospor1n
Sweet. I’m a pretty reasonable guy, I’m thinking a flat 10 million reminder fee should be chump change for you
emjay9010
I was gonna run with a service fee of 10%! But if you'd rather go with a basic 10mil flat fee, that works too. Whatever works best for you!
isaidihaveanewemail2000
I can imagine it's easy
neospor1n
Eh. A worrisome high % of people burn through it for various reap s. I’d like to think I wouldn’t be one of them
RabidDingo
The odds of being murdered after winning are better than your odds of winning. There's a reddit post on the curse of winning.
7Rhymes
You don't tell anyone, get an accountant, pay everything off, just live a nice life. Buy a house, don't go super crazy.
SimplyDifficult91
I'd get a few accountants and have them audit each other's uhh accounting. Then a team of lawyers
unluckyandbored
Set aside what you need to live a comfortable life, then donate the rest to worthy charities.
psmith00
get a trusty lawyer a well.
Jewdakris
I secretly would love to buy a soccer team like Ryan Reynolds did and just live in Wales or Scotland with the team as my job.
E509
With 1.6 billion, as long as you're not a complete spending moron or overly generous fool, you'll never be able to lose it all.
VaultGirl69
You can be overly generous in a good way. Making friends with people who would otherwise ignore you isn't generosity. It's prostitution.
suckstoyourauntie
K, but can I have James Bond's house from No Time to Die?
DarthWaiterSE
Or, hear me out, go completely bugfuck and blow it all on strippers and cocaine?
SoftKleenex
Didn't one guy do that and ran out of money in a few weeks?
ipewpewu
Bugfuck, eh
texasdean
You’re 7x more likely to OD after winning the lotto
DarthWaiterSE
Never tell me the odds.
Arbitrarynamehere
Not sure if lottery participants are great with evaluating probability