I was in downtown Amarillo last week and got to a red light beside an overpass. This homeless chick came around the corner walking the line of traffic carrying a cardboard sign that said something to the effect. " spare change or a little food, anything helps" .as I turned under the overpass there sat her boyfriend/husband/ brother. I dunno , but he had no legs and one arm.

Yeah, I feel so blessed as it is but if I were to win that sucker I'd go find that couple and show them my winning numbers give them 10 bucks and tell them to buy lotto.

If you win and plan on giving some to family….how much would you give them? A million? Just pay off their bills?

Are you not giving them anything?

Probably not the best. But it definitely is an option.

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There is a limit on what you can give people before taxes kicking. But everybody would get a little I just don't know how much

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I'd ask them how much it would take for them to leave me the hell alone.

Then I got to thinking one side of the family doesn't need anything. Because my brother-in-law is in very good shape. So that leaves my sister. We'll see.

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Which I’m sure would result in complaints from people who didn’t get anything. That’s why I thought about just paying shit off for family like houses and bills. Yeah, you didn’t get millions but you are debt free.

Which I’m sure they would rack up more and then show up to get that paid off.

I happened to be traveling before the last drawing...and the numerous billboards convinced me. I bought a ticket in every state I passed through (4). I did not even match a single digit.

I'll buy a ticket, but only a single.

What would I buy? maybe some billboards to share my thoughts.

Difficult to bitch at you when you've got a new cell number and are in Amsterdam

That would be awesome. Huge digital billboard you can remote in and change the message whenever you please. Maybe figure out a way to rotate the CPDC meme thread.

Why give equal lump sums of money?

Why not have a advisor do a financial life analysis to bring all family members up to a certain standard of living and wealth?

I think I would build different kind of entertainment venues. It would be a way to share your wealth to many and still fine a way to make a return on it.

Assuming i've taken the lump sum worth about $500M after taxes:


I'd probably buy 2-4 large houses (Mexicans).

I may or may not keep them in my name. Depends on who they're for.

I would set up an account (or multiple accounts) with access to around $5M total. Either several accounts or one big one that they can all access.

They'd need to figure out the rest. What their living situations will be and how they want to divide the money.

I'd explain that this is all they're getting. You're set now. It's up to you to use the money wisely.

My biggest worry is that my bro in laws would use the money to live a reckless lifestyle. One that could lead to possibly death even.

But im not their daddy. I can't tell them how to live. All i can do is provide an opportunity.

****ing terrible idea lol

It absolutely has to be individual accounts if you're going that route.

See, i don't really care to be involved in that process of deciding who gets what and playing daddy big bucks.

Let them sort it out and whatever drama comes of it has nothing to do with me. Here's your family entitlement bonus, now piss off and leave me alone.

And family dynamics have to be factored in. My family (more like my wife's family) are very close and share everything...to a fault to be honest.

My bro in laws....none of them are responsible enough on their own with that kind of money.

They're going to use the money to buy booze, drugs...guns and cars that they'll probably wreck.

Honestly I'd take about 50% and put it in real estate. You'd double you money in 5-10 years. Single family homes.

Provides them with the money and assets that equal no more than whatever amount you have determined. Make legally binding agreements that require them being financially literate enough to your expectations before any thing would ever be put in there hands. With the understanding there will be no more money coming there way, ever.

The rest whether it be drugs, poor investments, bad business decisions is all on them.

I'd be more interested in land with mineral rights.

Apartments are a better value than single family IMO. You always have some rent coming in from them, if a single family moves out no income.

Maintenance, insurance, property taxes, laws and regulations out the ass, bullshit upon bullshit.

**** all that nonsense.

I figure for my niece's and nephew's....it would be a set amount put in holding until they completed college and hit the age of 25. Obviously college would be paid for.

I figured for close family....it would just all debt paid off with an agreement that any debt accrued after that....they would be responsible for.

My little town has such a high demand for rentals its ridiculous. My name is on the landlords list with the local chamber of commerce and I receive at least one call every single day from people looking for a rental.

When I moved here in 1998 there was nothing available . I had to actually buy a house just to move and it's never changed.

Now I have 17 houses.

When I win this lotto I'll own the whole damn town and rents are going to skyrocket. It's all in my plan.

I think small apartment buildings would be good with say 20-25 spaces but they can be a headache , especially if they are two story. When you get a broken water line on the 2nd floor it floods the first floor and it always happens in the middle of the night. I took a part time job for awhile last year doing maintenance for an apartment complex and it was as bad as having Hog Farm. People tearing shit up.

This hypothetical conversation is hypothetical

Become a James Bond villain and build a lair with hot women.

Now up to 1.26 Billion

I always wanted to build an out-of-this world baseball/softball complex (think "big league dreams, but on steroids)........and have it be non-profit, allowing all walks of life the ability to play on awesome fields/facilities.

Half of it into savings immediately. Charitable donations would come out of this half. Start looking into lawyers, accountants, etc. Hard to know who to trust right off the bat is the problem, dont' want to get Nick Caged, hence the half into savings. Probably give money back to my old school district when I was a kid, former teachers that made a difference to me, coworkers, people who could use a hand.

I'm not working anymore, getting that 40 hours a week back to go do whatever the hell I want. Wife will do the same. Have to stay in the area for our kid to finish high school, we wouldn't want to pull them away from their friends and grandparents in the area.

Force parents into retirement, buy my parents a new house wherever they want, probably new vehicles too. Take care of the in-laws as well.

Start figuring out amounts to go to which Aunts and Uncles and cousins, definitely pay off my immediate Aunts and Uncles debts, those who were there all my life and helped raise me, took me to Chiefs games when I was young, camping, fishing, etc. Certain family is in the armed forces, make sure they're setup when they get out.

Buy season tickets to the Chiefs so we stop using my in-laws tickets when it gets too cold is a big one right out of the gate.

All the while my wife and I will be looking at land locally to build a new home in the KC Metro area, fix up our current home, pay it off and probably give it to one of my friends or family who really need it. After everything is as setup as it can be at home, I'd like to travel around the United States a bit, then overseas. I'm sure my wife would want a tropical vacation of some kind, which I would be all for. Just so many things to even think of, I'm sure in many ways it's a curse, but it's nice to dream about all the good it could do for you and those you care for, even those who don't get noticed in this world and need it the most. I've never been wealthy before so alot of new territory there.

This but I’d buy houses in LA, Rocky Mountains, NYC, Miami and one in Europe.

Next time we need to pool our resources to increase our odds. I think we can trust rainman to hold our moneys.

I'd build a compound that would consist of a new home, event barn (can't have your dirty ****ers messing up the house), I'd probably build a guest house and let my parents live in it for now, I'd also build a small camp ground with full hookups, maintenance barn, etc.

I'd buy a Newell Coach with a stacker trailer. I'd buy high end RV spots in Florida, Montana, and Vegas.

I don't think I'd buy houses in different areas....at least not in the US. If it's places like LA, NYC and Miami....I'd just go with a condo or something. Something big enough for us and the kids...and then pay someone to check on it weekly for upkeep.

I can barely buy an island with that!!!

I'm good with a house somewhere around Topanga, CA. Maybe somewhere in the neighborhood of 1.5-3m in buy and renovation costs. 1 million a year for me and the wife to live. With the usual COLA's. Kids, parents, siblings, would be taken care of. I could see upwards of 70-80% of all winnings going into a trust for future generations beyond us.

If you take the cash option and pay roughly 40 percent on that amount in taxes, you'll take home a little more than $448,000,000. This will produce a sustainable income cash flow of almost $18 million per year. So you can spend about $49,000 a day, 365 days a year, without drawing down any of the winnings.

I would give about 1/3 of it to family, a scholarship fund, and some other charitable stuff. Subtracting that out, that would leave me with an income of about $1 million per month. And yes, I mean month.

You quote this post and agree….. I’ll give you $100K if I win. You give me $100K if you win. Deal?

Are you buying any tickets?

Bought $20 worth. I’ll usually buy lottery tickets only when it gets to $600 million or better and I hear it’s up to that number. Always thought it was a waste of money but to dream……

Like any of us couldn’t live in say $50 million. :)

Done.

You could argue that the larger the jackpot the less of a bad bet it becomes. I'm not sure this is the case though. Even at 1.2 billion I doubt it is a bet that is one with a positive expected value for the player. Ticket sales go up super linearly with the jackpot size. While an increase in the size of the jackpot adds to a players expected value the more likelihood of ties occurring subtract from it. Lotteries like this are not easy solved gambling problems.

I bought some tickets today. I am almost certain it is still a bad bet.

Only if there is no tie. If there are 700 winners they each get a million. You should actually pick a series of sequential numbers that other people are unlikely to pick.

22 23 24 25 26 and mega ball 21

That has just as much chance as winning as any other combination but it is unlikely someone else is going to purposely pick it. The best strategy is to try to minimize the chance of ties.

https://media1.giphy.com/media/mcH0upG1TeEak/200.gif

I'm sending Trump a hundred bucks

Deal

Won’t taxes take 1/2? Then another 50% less for taking it as a lump sum?

This is a deal. I couldn’t believe the line at Quiktrip this afternoon. Those poor suckers are getting hammered all day with this stuff

Yes that’s pretty much how it goes

I think I’d squeeze by in life with $300 million in the bank.

Yeah it would be tough but doable

agree

Sure, but keep in mind ff you are a professional gambler you can write of the cost of the tickets on your taxes. All these factors go into determining if it is a good bet or not.

I knew a venture capitalist - was on the cover of Fortune. He said fools take the lump sum. I took his word for it.

Im going to purchase chiefs planut if i win

When has there ever been 700 winners in a mega millions?

The odds of you having to share with another person that also picked the same numbers is really low. Mega Millions started in 2002. In 20 years of Mega Millions existence there has been 202 jackpots won and 227 winning tickets. Only 20 shared jackpots in 20 years.

I didn't win. :(

Ticket sales grow super linearly with the size of the jackpots. The more tickets sold the more likely a tie. What is average size of the jackpot that is shared? I bet it is considerably more than the average jackpot.

Ticket sales grow super linearly with the size of the jackpots. The more tickets sold the more likely a tie. What is average size of the jackpot that is shared? I bet it is considerably more than the average jackpot won.

13-36-45-57-67 ----14

holy shit I won

Sorry everyone, no hookers or blow.

Does anyone else ever think wow if only I could know these numbers 3 hours ago I’d be a billionaire. Time is just such a funny thing

Does anyone else ever think wow if only I could know these numbers 3 hours ago I’d be a billionaire. Time is just such a funny thing

One winner in Illinois.

Hopeful Frazod won it. I can see it now, the first two things on his list, a shit load of new guns and a kevlar fridge. :evil:

If you won the match 5 (as many did last night), are you more excited about winning a million dollars or more pissed at missing the Mega ball and missing out on a billion?

Prolly blow through it in seven years, according to past lottery winners.

Can you find the guys phone number so we can call him and offer congratulations

I'm sure we would have to get in the back of the line, behind all the long lost relatives, that are now coming out of the woodwork.

Expected value calculations lose their meaning when you're talking about a 1 in 300 million chance.

The odd thing is that $1 million would have about 97% of the impact on my life that $1 billion would.

When the jackpot gets so big, I really think they should have a method to split it among multiple winners to maximize happiness. But I understand why they don't. More people buy when the maximum prize is larger.

That is black rock and other corporations plan. Certain areas are passing codes that single family houses can't be built. If you buy up all available starter homes, turn them to rent and only allow multi units. You can control the markets and double the rent in a few years. People won't be able to save for a house and become reliant on you.

Well, looking at extended family, I have one nephew that is a disaster all self-imposed, and other nephews and nieces who have worked their asses off to get where they are... I don't want to award the lazy loser....

You can do whatever you want with your money, booboo. But that could be creating a interesting family dynamic beyond your relationship with the nephew. It's not like we are talking about the 2nd, 3rd, 5th cousin you haven't seen in 2 decades here I am going to assume. This is one of your brother's or sister's children. How do you reconcile with your sibling that one of their children will still be in the economic shit pile they are in, as they presently sit in a shit pile. But the others you like more will receive the opportunities wealth can create, while already being better off as it is now? But again, you can do whatever you want with your money.

Why not make it an incentive to the family member struggling to get themselves help. With the stipulations the money will come later after the self care and self improvements have been made?

You don't have to be such a hard ass your whole life, Francis. People make mistakes. Some more than others, some make the same mistakes over and over. But that's okay. Life is journey, a marathon. There will be stumbles a long the way for all of us. Being humble and having a little humility is damn hard in the face of our natural prejudices. But I know damn well if you were a family member of mine. You wouldn't be left out in the proverbial cold over a few of life's issues that could face any one of us.

I was really looking forward to how many cousins/family members I've never met and how many good, lifelong friends I've had since the first grade that I had completely forgotten about for decades that would have popped out of the woodwork had I won.

I didn't win the lottery but I made some good friends standing in line to buy a ticket!

https://www.megamillions.com/How-to-Play.aspx

For this particular Jackpot...If you played that kind of ticket....Lived in a state with no income tax(you just have to pay the federal rate of 37%)......and assumed there would be 1.66 winners....every $3 ticket you buy is worth $1.86.

If you assume only one winning ticket will be sold, Every $3 ticket you buy is worth $3.11

This also assumes you take the cash value option.

Right now the jackpot is $20 million with a cash out of $11.6. Every $3 ticket you buy is worth about nickle(assuming such a small jackpot will only have one winner).

Pffft.... 20 mil..... hardly worth the effort now

In Florida you can keep your identity as the winner from going public.