Power Ball again

DonDiego does not question the wisdom of RoadTrip's path. But it is very unlikely that the winner of this lottery will actually "win" over ½-billion dollars.

If one selects the cash option, . . . one loses 37% of the prize, because one is not receiving an annuity over 30 years. And then the Federal Government takes an estimated 25% of the new-lesser prize.

So, f'rinstance, the $600,000,000 prize is really more like $282,675,000, . . . and that's only if there's no State/City Income Tax. If one is unfortunate enough to reside in New York City, . . . the State takes 8.82%, and the City takes an additional 3.876% so one would be left with less than $235,000,000.

Ref: usamega.com

The state withholds 25% on behalf of the federal government. The federal government will take closer to 40%.

Fortunately, or unfortunately (depending upon one's perspective), I reside in beautiful South Florida. No State income taxes to pay.

I'll probably have to "suffer" and take the cash option, because there is no way my life expectancy would make it possible to spend that 20 million (less taxes) per year over the next 30 years, IF I were fortunate enough to live that long. And I am not leaving anything to most of my greedy family.

If I do win, I'll be taking the cash option. But I did not play power ball, I purchased one Mega Million ticket, so my cash prize will be $141 million of so.

After collecting my money, doing the appropriate lawyers and accountants and financial advisors, and maybe a little shopping, I'll go to vegas and see which casino is willing to take a multi million dollar wager on one game of craps.

I'm thinking, NO ONE Casino will accept a multi million dollar wager on the crap table pass (or don't pass) line. Oh, yeah, and than there is the "free odds" to really make them bean counters get skid marks in their panties.

Will be interesting. If/when I win the Mega Millions. The drawing is tonight.

This is the first lottery ticket I've purchased in over a year, perhaps much longer.

I always figure you receive 1/3 of the jackpot if you take the cash option. 50% off the sticker price and 40% to taxes. I think they withhold 20% initially and you are responsible for the rest of the taxes. I think I'm going to hit it tomorrow if I don't hit the MegaMillions tonight! All I have to do is find out where my Rolls Royce, Ferrari and lamborghini dealers are in this state. Oh yeah! They are in LaJolla.

What are the odds of hitting 4 royal flushes in a row?

j

MY answer is "About the same as me hitting all the Mega Million or Power Ball winning lottery numbers. That would be 50-50. Either I do, or I don't."

::: shrug :::

Ahhh, but, somebody will hit at some point. Everyone knows it's beyond even thinking about odds, it's the mere fact that somebody will hit, it could never be me if I don't throw five or ten bucks in the kitty, hell that's a tip in vegas and I don't ever plan on winning there either(albeit sometimes I do).

J

teechur and DonDiego secured 10 quick-picks yesterday.

Of the 10 chances the PowerBall Number is 02 on three selections; so DonDiego'll be pulling for number-two!

Good-Luck to all LVAers! DonDiego wishes second place for everyone else.

I have the condo in Vegas picked out and husband has the two new matching sports cars picked out. Lets go!!!!

I really have no desire to live the ultra rich kinda style at all, no mansions or flashy cars or any of that pretentious bullshit. I do have one thing in mind that I would absolutely love to have that is quite expensive and that;s a 65 Shelby Mustang. I don't why, but I saw one and thought that that's the coolest car I've ever seen and I'm not any kind of car nut or gear head whatsoever.



J