>$800 million cash drop
>$480 million after taxes
Can't even begin to think what I want to do if I win all of that money.
Most Americans will spend less than $10 million in their lifetime!
Anon, you might not remember me but I'm your second cousin's illegitimate son Enrique. I'm in a bit of a pickle at the moment, so I need you to wire me a few 100k. Maybe even a round mill? Can you do that for me? We're family after all.
i love watching those shows where they go to Lottery winners after a few years and they start talking about how they suddenly had like a 1000 people approach them claiming they were their cousins and needed a million
How anonymous can you actually be with lottery winnings? Obviously you don't have to be on TV or reveal your identity but there are records somewhere. The scariest thing would be to just have to hear "Anon, I don't need to work anymore YOU just won nearly billion dollars!" from everyone I know.
As far as what I would do with the money.
>hire a good financial adviser or two or five.
>buy a plot of land somewhere and build my dream property.
>put some money towards medical research and space exploration/tourism/etc.
That isn't everything but that is all I can think of at the moment.
You get a good lawyer and a good accountant and then move to the richest neighborhood in your country and get the best security you can possibly get and get a gun as soon as you can. Then you live as a recluse for a few years before you do anything else.
Anyone who buys a lotto ticket should buy a plane ticket in order to commit suicide.
Meaning that I am an asshole suggesting you kill yourself for playing the lotto, in the least efficient method I can think of, which actually has a higher chance of occurring than you winning the lottery.
$10,000,000 / 40 (years of work) = $250,000
The average american doesn't make anywhere near that much, not even close, especially when you take into account all the taxes that will be paid (remember, we're talking about SPENDING 10 million). A 401K and meager investments would be a drop in the bucket for such a monumental goal to the majority of americans, who make 50k or less.
>Loss of $2 which is essentially worthless for the chance of life changing wealth is worth it
Pretty sure if you multiply out the chances of winning with the payout (after factoring in taxes and the likelihood of multiple winners of course) it's just straight up not worth the money.
It's not, the payout has to exceed 2.1b before you get a positive npv under the assumption you have the only winning ticket. The problem being that ticket sales growth isn't linear with the jackpot. As the jackpot gets larger, the odds that there will be multiple winners grows exponentially.
Yeah the other problem is if it gets to +EV everyone's going to throw all their money into it because hey, free money. Then the number of expected winners goes up and EV goes down and everyone has a bad time.
>Anonymous (ID: Xezp3a9m) 01/10/16(Sun)11:09:13 No.1035266▶
> Kill yourself
I think it's fine if you bought one ticket just to say fuck it. I find it hilarious watching people buy up hundreds of tickets because at that point your odds get maybe a fraction of a decimal point better at the expense of $$$.
Anon, that's how rich people think.
Poor people think 'It's just $5'
The rich man thinks, well, it's $5 I can piss away, or $5 I can stash in a high yield fund...
That's why they're rich
And the people that think like that, even if they're not now, they will be, and the people that think like the poor person, even if they're rich now (because they won the lottery or their grandmother was rich and died or whatever) they will be poor soon enough
> Wear clown makeup to completely disguise yourself and grown completely different facial hair than you normally would.
> Affect a completely different voive from your usual
> "I used to be a [false profession], but now I'm set for life! I can't wait to move to [false location]!"
> Don't tell a soul that you won the money.
>Live life almost exactly the same, but retire after five years "Because I speculated and got lucky. I should be just barely enough."
The annuity gives you a 5% CoLA every year, and you might be in a lower tax bracket, as the lump sum of the annuity isn't taxed, your yearly income off of it is, so there's a pretty good chance that over the 29 years you have the annuity, you'd make more money than if you took the lump sum.