Who else here invested in the 1.5 Billion...

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Who else here invested in the 1.5 Billion dollar powerball?

>bought 2 tickets

>MFW my chances to win are doubled, pretty much a sure thing now.

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Bought 100 tickets

I have a 98x greater chance of wining than you do.

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>>1040522

You cant even do simple math, I hope someone else wins

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>>1040514

i got the winning ticket yall

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>>1040524

LIAR LIAR PANTS ON FIRE

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I am buying 292 million tickets

I have a guaranteed chance to win

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>>1040556

Even blackjack gives better odds than the Powerball..

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>>1040562

I kinda wish that you are not trolling.

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>mfw I bought the winning numbers, 13 20 40 51 60 05, and will share them freely on 4chan for my fellow NEETS

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>>1040575

I'm going to buy a ticket with those numbers. If it does win, you just cut your winnings by a half- way to go retard!

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>>1040581

That's the point. Enjoy your neetbux, my friend!

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Here you go guys. My losing ticket.

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>>1040522

you have +0.00003356% to win

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>>1040613

*than op

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9 tickets here. Pretty good felling today!

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How many tickets would you have to buy to get a 100% chance, or at least 99%?

Like 200 million right?

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>>1040725

100 tickets

1 ticket = 1%

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>>1040725

292,201,338 tickets.

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>>1040730

So, 300 million tickets x $2

You'd still get 600 million if you win

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Uhh, your chance of winning is 50%, you either win the lottery, or you don't.

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>>1040732

jesus youre dumb.

cash option about $800 mil

after US gov't gets 'their share'

that is halved.

You are in the hole 200mil.

then you also decimated an entire forest full of trees to print out your damn tickets.

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>>1040737

Only true for a coin.

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>>1040761

>you also decimated an entire forest full of trees

take that trees!

you fuckers have been looking at me the wrong way lately, now your gonna get whats coming.

Human master race wins again.

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This whole thread:

https://www.youtube.com/watch?v=WFoC3TR5rzI

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>>1040761

Isn't there some kind of tax deduction for gambling and/or lottery losses?

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>>1040761

You aren't in the hole if you take the annuity, fuckhead.

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>>1040804

>MUH inflation

35 million a year is still going to be a fuckton of money decades from now.

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>be Bill Gates

>Spend 584 million on the PowerBall, buying every ticket

>100% chance to win $.9 billion post-tax.

>Profit an easy 300 million.

Seriously, why hasn't he done this? If I had 594 million, I'd do it.

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>>1040820

his hand would cramp up

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>>1040820

Bad PR

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>>1040820

>have to organize parties to purchase the tickets for you

>need to pay these individuals

>need to trust these individuals not to fuck up

>if it ends in a split, you just lost a lot of money

also, where the fuck are you getting $900m from? you're not walking out with more than 600m after all deductions/taxes.

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>>1040820

Bad PR, it's fucking difficult to buy 584 million tickets, and the fact that if there is another winner, he loses money.

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>>1040820

funnily enough this would push the prize pool by that amount

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>>1040813

And you can't forget that you get a 5% COLA on the annuity every year.

Let's assume the estimated jackpot is correct at 1.5 billion. Divide that by 30 (number of payments) and you get 50 million per payment. With a 5% COLA every year that compounds on each payment, you end up with an end payment of $205,806,779.77. Now I'll do some more math and actually add it all up for you. The total amount of money that you get for choosing the annuity (before taxes, but we'll assume that taxes will just chop it in half) in ten years, meaning 11 payments (you get the first one immediately) is $710,339,358.12, almost as much as you'd get for taking the lump sum, but that still isn't as much as you will be getting, and it's also assuming that you aren't spending or investing any of your payments. At twenty years and 21 payments, the total amount of money given to you you is $1,785,962,590.40 which is more than the total of the jackpot with only slightly under one third of the payments still left unpaid. The grand total amount of money given to the jackpot winner (assuming that there is only one, and that the winner does not spend any of their winnings or make any further investments on the issued winnings is $3,321,942,375.16 which is over three times the cash jackpot.

Feel free to check my math, I might have made a mistake somewhere, so please correct me if I'm wrong. As stated above, this is only gross winnings issued by the lottery and does not take into account spending, further investment on the part of the winner, or the monetary cost of waiting 29 years for 3.3 billion dollars. If there are other math gurus about, who I'm sure are better at it than me, it'd be great if they could make a cost-benefit analysis on who would have more money over 29 years (discounting taxes, as they vary state by state), the person who chooses the annuity, or the person who chooses the cash option, assuming no spending, and a 7% rate of return for personal investments for both.

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>you can't win if you don't play, anon

>fine. I'll just go out with TayShawn. He won because he wasn't a Jew and bought a ticket, he said he'd make love to me in his Lamborghini

Does playing 6 consecutive numbers have less of a chance than spread out ones? I don't think it does, the machine isn't actually generating numbers like a computer chip, its just popping out balls that happen to have colors in the shapes of numbers on them. Either way, it's 1/60 for the first number * 1/59 for the second * 1/58 for the third... Right?

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>>1040894

One anon in another thread said the annuity is just the cash value invested in U.S. Bonds. So you can easily beat the annuity's rate of return yourself or just turn it over to your banks wealth management.

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>>1040820

If one other person won he'd have to split it and it'd destroy his anus

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is it too late?

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What time do you have to buy the tickets by?

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I played the other lottery. I figured less people were playing, so my odds increased.

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>>1040925

10:50

but i imagine by now the winner has already bought a ticket

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>>1040913

The main difference between the annuity and the cash payment is that the annuity isn't taxed until you actually RECEIVE the payment, and so you're working with a higher principal. Let me run a compound interest computation with assuming a 7% annual rate of return (which is a very good average rate of return) off of $500 million, half of a cash payout of 1 billion, a little higher than the actual payment, but a round number, and assuming 29 years of investment like the annuity. The total comes out to $3,557,128,524.61, a little more than my calculation of what you get from the annuity payment without the effects of taxes upon the annuity payment. However, what you also need to consider is that any spending that you do on the principle, especially early on, drastically reduces that end number, and it ALSO assumes that in taking the annuity, you never invested any of the annuity payments. I also did not account for taxes in the annuity payments, because I'm just too lazy right now, so there's that to consider as well.

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>>1040925

It differs by state.

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I've been trying to as I live in Australia but this retarded lottoland site is constantly down

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>>1040894

You are disregarding the time value of money.

Specifically what can be earned on the lump sum while you are waiting for the payments of the annuity. 500 million at 8% over 20yrs becomes 2.3 billion. 5% 1.3 billion. So you can quickly see that the annunity is giving you less than 5% interest for your money. If you can do better then you should get the cash option. If you suck then by all means get the annuity. Note: we are in a low interest rate environment and advice might change if we were in a high one. Matter of fact given the interest rates are going to slowly rise it makes even more sense to get the cash option. Any idiot will be able to get 5%.

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>>1040514

"Invested".. nice b8 post.

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>>1040975

But you didn't say the interest rate to beat for the annuity is only 1.67%!

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>>1040984

>file-name related

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I BOUGHT 50$ WORTH BABY

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Pulled out all the cash in my wallet ($12) bought 6 quick picks.

I always feel embarassed playing the lotto.

The noob next to me tried buying with credit card, lol.

It was obviously his first time participating in a lottery.

Good luck and good night faggots.

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>>1040833

>that is halved.You are in the hole 200mil.

I think we can all agree that buying 300 million tickets is not worth it. But at the same time buying 1 ticket gives you practically no chance to win.

What is the optimum number of tickets to give you a shot at winning without cutting to much into your winnings? would 100,000 tickets give you a good chance?

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How do I convince someone on sub-leasing a room but they think the room is small?

Running out of ideas on what to say

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Just a fyi, nearly everyone in this thread wasted ($2 x however many tickets purchased).

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>>1041017

Anything above 60-70% seems good.

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>>1040585

I will get those numbers to. Hope you do not mind, but I will invest it and you will get it back in 10 years tops

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>>1041040

Offer them bigger room for more money.

>make out like a bandit if your room

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>>1041011

I also tried paying with my card, because I give 0.000000000000000292 fucks about the lottery.

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08 18 37 43 64 P20

I don't live in the USA, nor have I bought a ticket. However, if I end up beating the 292 million to 1 odds without even entering, fuck me then.

>inb4 I actually predicted the numbers

>inb4 conspiracy theories

>inb4 mega shitstorm

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bought mine. aw shit

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>>1041146

Congrats on picking the "top hitting numbers" posted all over the internet

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>>1040514

Eh, I'm gonna wait and see if we get no winners again.

If there's no winners, I'll buy ONE ticket for funzies.

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>>1040514

I placed a free bet on it via a UK gambling site... they don't buy the tickets but will match the payout - claiming their insured for the jackpots on any lottery they cover (allegedly this is audited by KPMG)

gambling winnings are tax free in the UK... though I'm skeptical that the site is insured for the actual jackpot... still it was a free entry for signing up so meh...

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>>1040820

this has happened before in smaller lotteries when multiple rollovers make buying a ticket a +ev proposition... it is harder to pull off with something like powerball though as there are too many tickets to purchase... has happened in lotteries where only a 6 or 7 figure sum was required

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>>1041208

>estimates

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>>1040820

When you're already that rich you don't need more money.

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>>1040930

fuck the annuity

You don't want to take the credit risk of any state. You could get Puerto Ricoed or Detroited because you ask the state to stay solvent for the next 30 years.

It's best to take the cash and split it up on 4 or 5 financial institutions and then set up a family office which is going to manage the money (and the the rest of your affairs) according to your needs.

My body is ready.

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>>1040514

good numbers

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11-23-37-42-63 P11

one of the tickets that my dad called me for since I'm the lucky one in the family.

It's one in 10000 luck though, not one in ~292 Million luck.

Just keeping an eye on this thing while sorting through job applications

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>>1041239

>posting your numbers on biz

>not realizing some splerg is going to buy all these numbers just to fuck with you on the off chance you win

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best advice is to play a lottery pool

if 300 players are in a pool that won the jackpot, then each person receive 5 million (before tax and other deductions), the chance of winning is increased 300 times, from 292 million to less than 1 million

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>>1041247

You can play a $5 million lottery any day. Go big or go home.

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>>1041245

>Implying I don't have a half dozen more sets of numbers I gave my dad.

>Implying this set isn't just a bunch of references to things I read/play,

I honestly don't really care at this point.

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>>1040930

there are ways to get the annuity taxed entirely up front

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>>1040514

>mfw 4 tickets

what if i win lads

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>>1041003

$30 here. (I took the powerplay option, though.)

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>>1041250

this.

With five million you might not even considered rich. http://www.cnbc.com/2014/04/02/wealthy-begins-at-17-million-report.html

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>>1041270

I'm talking about liquid. Rich enough to have your own meme. Rich enough not to waste time. A billion dollars, buddy. A player. Or nothing.

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>>1041245

Purchase of tickets closes an hour before the drawing, so the autists better hurry.

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I know some of you have already discussed the annuity vs lump sum topic. But for the rest of you, what's the vote? Lump sum or annuity?

http://strawpoll.me/6531563

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>>1040730

>if i flip a coin twice i'm guaranteed to get at least 1 heads

Idiot.

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Any jews like me write down a bunch a numbers without buying tickets?

I could be a psychic but nobody will believe me :^)

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>>1041311

Anyone who picks annuity is objectively wrong

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>>1041363

Care to explain why?

I know that you can invest the money yourself and get a better return, but do you have details on the math?

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>>1041365

You get the 1.5 billion, yeah, but you still have to pay taxes on it. A basic compound interest calculation at a growth of 7% for 29 years at a principal of 500 million, a conservative estimate for the after tax cash prize shows that you'll end up with 3.3 billion instead of just 1.5 billion.

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>>1041391hly shit I ficiing won!!!!! Lmfaoiooo

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>>1041320

Obviously I'm assuming you're buying every possible permutation, retard.

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>buying a lotto ticket

You lost 50% of its value when you buy it. Look up the lotto math. You need to make 500 million to break even otherwise you're fucked in taxes and other regulatory bullshit.

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>tfw down $4 today

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>buy 20000 tickets

>enter # 10 Powerball for all of them

>profit is $20000

Pretty fucking good deal to me

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Also I live like 30 mins away from the winner in Cali lol

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>>1041485

Go kill him and steal his ticket. Technically they have no idea who they are, just that they exist.

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>>1041493

Looks like everyone has the same idea as you anon

http://cbs13.com/raw

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>>1041485

Rancho Cucamonga reporting in. I was fucking 3 numbers from winning FUCK ME.

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>>1041514

Orange County here

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>All those people saying they were 1 number off

Yeah the lottery numbers aren't chosen in a sequential way.

Every single number has the same probability of being chosen because the method they use to draw them

It's an air chamber with floating ping pong balls. The fact that you had a 9 on your card but it turned out to be 8 is totally irrelevant because that 9 might have been nowhere near the vacuum tube opening. It's just an illusion that you were "1 away"

The fact that they use numbers is brilliant. I doubt the lottery would be this popular if they used shapes.

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>>1040587

>My losing ticket.

I'm a prophet now. My ticket did indeed lose.

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>>1041514

I know!

All I needed was just 4 more correct balls and I would have gotten the jackpot!

So close!

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>somebody in cuckifornia is rumored to have won

Is it me or do lotto wins only go to those who are shit with money?

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>>1041539

Well no shit anon

If you're already well-off why the fuck would you be playing the lotto?

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>>1041540

I thought even millionaires enter in this shit

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>>1041541

I'm sure some do but they're less incentivized

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Someone in my bumfuck town matched 5 out of 6 numbers

The winning ticket was sold like 10 miles away from home. I'm 90% sure it was an Asian.

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I didn't win :((

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>>1041532

how are you gonna get 60 unique shapes m8

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>>1040764

>implying it canĀ“t fall sideways

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>>1041230

thanks for sharing!

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