*** Official Powerball/Mega Millions thread, now $170/20million***

Discussion in 'The Mainboard' started by Hogview, Oct 27, 2011.

  1. GeneralPaton

    GeneralPaton Courage is fear holding on a minute longer.
    Donor
    Ohio State BuckeyesSouth Carolina GamecocksChicago CubsChicago BullsChicago BearsTiger WoodsUnited States Men's National Soccer TeamUSA BasketballMetal

    Poor people love the fucking lottery. A bunch of my employees buy scratch offs every day then complain about how broke they are
     
  2. POWESHOW

    POWESHOW Social Critic
    Donor
    Duke Blue DevilsAlabama Crimson TideNew York YankeesNew England PatriotsMontreal CanadiensReal Madrid

    But just one ticket.

    Chances of winning:

    0 tickets: 0.0000000000000
    1 ticket: 0.0000000000001
    2 ticket: 0.0000000000002

    ...extra tickets don't increase your chances of winning enough to be worth it... but you should definitely buy ONE ticket.
     
  3. theregionsitter

    theregionsitter Well-Known Member
    TMB OG
    Notre Dame Fighting IrishChicago White SoxIndianapolis ColtsColumbus Blue JacketsColumbus Crew

    Looks like I'll dump $10 in it again
     
  4. 941Gator

    941Gator TMB's resident beach bum
    Staff Donor
    Florida Gators

    Rich people just love screwing over employee wages.
     
  5. spagett

    spagett Got ya, spooked ya
    Donor

    But it's so much more fun if you get to check to see if you won more than once. You pay for the hopeless thrill.
     
  6. GeneralPaton

    GeneralPaton Courage is fear holding on a minute longer.
    Donor
    Ohio State BuckeyesSouth Carolina GamecocksChicago CubsChicago BullsChicago BearsTiger WoodsUnited States Men's National Soccer TeamUSA BasketballMetal

    I pay my employees plenty, not my fault they waste it on lottery tickets and not paying their bills.
     
  7. Kevintensity

    Kevintensity Poster/Posting Game Coordinator
    Donor
    Florida State SeminolesAtlanta BravesTampa Bay BuccaneersNashville PredatorsCalgary FlamesPoker

    Gonna buy a ticket tomorrow
     
  8. Hogview

    Hogview Fan of the Green board, Razorbacks
    Donor TMB OG
    Arkansas RazorbacksTiger WoodsPGA

    Tonights the night
     
  9. JGator1

    JGator1 I'm the Michael Jordan of the industry
    TMB OG
    Florida GatorsTampa Bay RaysTampa Bay BuccaneersTampa Bay LightningChelsea

    I hit the Powerball, $4 to me
     
    White Tajh Boyd likes this.
  10. NP13

    NP13 MC OG
    Donor
    East Carolina PiratesAtlanta BravesCharlotte HornetsCarolina PanthersWashington Football TeamCarolina HurricanesAvengers

    didn't win :(
     
  11. Nizz

    Nizz /nizzbrag
    Donor

    1 winner in Massachusetts
     
  12. HoosDaMan

    HoosDaMan Grumpy
    Virginia CavaliersDallas CowboysTiger WoodsLos Angeles Angels of AnaheimUnited States Men's National Soccer Team

    Imagine trying to sleep on that news. Probably still awake right now.
     
    Cornelius Suttree likes this.
  13. Goose

    Goose Hi
    Donor
    Ohio State BuckeyesCincinnati BearcatsCincinnati RedsCincinnati BengalsReal MadridXavier MusketeersDayton FlyersTiger WoodsFC Cincinnati

    I heard it was Chicopee, MA. Place is an absolute dump
     
  14. Bo Pelinis

    Donor TMB OG
    Nebraska CornhuskersKansas City RoyalsKansas City ChiefsBig 8 Conference

    It's the same as going to every sad sack casino not in a typical tourist destination. I went to one once where old people on breathing machines were playing penny slots at 2:00 am.
     
  15. HoosDaMan

    HoosDaMan Grumpy
    Virginia CavaliersDallas CowboysTiger WoodsLos Angeles Angels of AnaheimUnited States Men's National Soccer Team

    I don't believe I've ever seen a winner come forward so quickly. She's already had her press conference. lol
     
    Trop and Barves2125 like this.
  16. C A N E

    C A N E Let justice be done though the heavens fall
    Donor
    Miami HurricanesMiami Heat

  17. Tilly

    Tilly Souf Cack
    Donor TMB OG
    South Carolina Gamecocks

    Stupid as shit. You talk to attorneys and tax specialists before you do a fucking thing with $700+ million on the line.
     
  18. devine

    devine hi, i am user devine
    Donor
    West Virginia MountaineersChicago BullsPhoenix SunsPittsburgh PenguinsManchester CityPittsburgh PiratesSan Diego PadresBarAndGrillCoors Light

    She quit her job already
     
  19. Magneto

    Magneto Thats right, formerly Don Brodka.
    Donor
    Florida State SeminolesTampa Bay BuccaneersSwanseaWichita State ShockersHartford WhalersSeattle SupersonicsGeorgetown Hoyas

    That she had been at for 32 years.
     
  20. Magneto

    Magneto Thats right, formerly Don Brodka.
    Donor
    Florida State SeminolesTampa Bay BuccaneersSwanseaWichita State ShockersHartford WhalersSeattle SupersonicsGeorgetown Hoyas

    You've clearly never been to Chicopee, MA. They tend to have a very, very low opinion of anyone who is educated beyond HS dropout.
     
    DollarBillHokie and Goose like this.
  21. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    there isnt really anything on the line though...
     
  22. Tilly

    Tilly Souf Cack
    Donor TMB OG
    South Carolina Gamecocks

    100% there is stuff on the line. Tax issues (not on the initial win - those taxes are gone). Estate and probate planning. Setting up trusts and foundations to protect you from friends, family, and yourself.

    The most important is asset protection and liability insurance. If you just won 700 million, you're probably about to get sued by every person you've ever wronged or who thinks they can claim they've been wronged. If you wait until you have the money in hand and claims are filed, it is far more difficult to protect it from those creditors. I've never dealt with it, but I'd also think it would be significantly harder to get effective umbrella coverage if you wait until a dozen suits are filed.

    You set all this up before anyone knows your name.
     
  23. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    Showing up and saying you won doesn't mean they just deposit the funds in your bank account. I'm sure they called someone to get shit set up
     
  24. Tilly

    Tilly Souf Cack
    Donor TMB OG
    South Carolina Gamecocks

    You acknowledged publicly you have the right to it and it is coming. That's when people start coming out of the woodwork for it. Not once it hits your bank account.

    And you don't set all that stuff up in a morning. Proper planning and execution will take a ton of time. Fuck load more time than 12 hours.
     
  25. HoosDaMan

    HoosDaMan Grumpy
    Virginia CavaliersDallas CowboysTiger WoodsLos Angeles Angels of AnaheimUnited States Men's National Soccer Team

    She called one of those 800 numbers to get legal advice.
     
    dump and dahldennsull like this.
  26. Magneto

    Magneto Thats right, formerly Don Brodka.
    Donor
    Florida State SeminolesTampa Bay BuccaneersSwanseaWichita State ShockersHartford WhalersSeattle SupersonicsGeorgetown Hoyas

    In Chicopee, MA I guarantee her first call was to Mark E. Salomone, 1-800-Win-Win-1
     
    dump, Goose and HoosDaMan like this.
  27. Mitch Cumstein

    Mitch Cumstein yells at cloud
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    Boston BruinsTampa Bay BuccaneersBoston Red SoxMinnesota Golden GophersNew England PatriotsFlorida State SeminolesBoston CelticsJacksonville Jaguars

    it takes two weeks or so to get the cash. The 40ish participating states have to send their share.

    So, word is out that she's getting that. It's unlikely that she has already set up a shield. /end quote of arkadin reply

    It's just not a smart move at all. Even if she's taking the annuity, she has to have a financial planner help set up accounts that are insured. She can't just shove that shit in the local BoA and hope that it's all good because it's not.

    Managing that would be a nightmare (for the winner due to the grief in keeping that principle safe). You need people you can trust, and there's no way she has anyone like that.

    If she goes to goldman or somewhere, they're gonna have a field day ripping her off.
     
    Prospector and Cornelius Suttree like this.
  28. Houndster

    Houndster Well-Known Member
    Donor TMB OG

    You guys really make it sound like winning 400 million dollars is a real hassle. I'm glad I didn't win.
     
  29. Goose

    Goose Hi
    Donor
    Ohio State BuckeyesCincinnati BearcatsCincinnati RedsCincinnati BengalsReal MadridXavier MusketeersDayton FlyersTiger WoodsFC Cincinnati

    Do you have to have your name known? Last thing I'm doing is having a press conference

    Have a handful of shitbag cousins
     
  30. Jigga

    Jigga Ty Webb is a mean person
    Staff Donor TMB OG
    Miami DolphinsChelseaMiami Heat

    She'll be broke in a few years
     
  31. Corky Bucek

    Corky Bucek Placeholder for a Custom Title
    Staff Donor TMB OG
    Auburn TigersLos Angeles LakersLos Angeles RamsAnaheim DucksManchester UnitedLos Angeles Angels of Anaheim

    Some states yes some states no.
     
  32. dump

    dump TMB’s premier expert on women’s CBB
    Donor
    Connecticut HuskiesTexas AandM Aggies altTexas RangersDallas StarsDallas Mavericks alt

    where is the list
     
  33. mb711

    mb711 West Coast Barner
    Donor
    Auburn TigersGolden State WarriorsSan Francisco 49'ersSan Jose Sharks

    So what's the play? Is there anyway to anonymously cash the ticket? If not, I would be a wreck sitting on that thing while trying to figure out my attorney/advisor/etc situation.
     
  34. Mitch Cumstein

    Mitch Cumstein yells at cloud
    Donor
    Boston BruinsTampa Bay BuccaneersBoston Red SoxMinnesota Golden GophersNew England PatriotsFlorida State SeminolesBoston CelticsJacksonville Jaguars

    I'd see if a trust representative could claim it. Just have some lawyer show up and collect it.
     
  35. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
    Donor
    Clemson TigersAtlanta BravesTiger WoodsCollege Football Playoff

    This. Set up a trust and have a trustee claim it. Then I'd take the annuity. It'd be around $15mm/year after tax.

    I'd by a Ferrari and condos in Vegas and South Beach. Head to Monte Carlo. Rome. Etc

    I'd then payoff the mortgage of everyone I love by having some fake documents showing that this expensive piece of property I purchased with the lotto funds was left to the 4 gen grandson (me). Give my coworkers about $50k each.
    Buy floor seats to the Warriors for the season.
    I'd also buy office space in Atlanta and claim that I do commercial real estate.

    On day 364, I'd wake up, be broke, and be glad I took the annuity. Round 2 starts tomorrow.
     
  36. Oracle of Omahawg

    Oracle of Omahawg Swine Flu Carrier
    Donor
    Arkansas RazorbacksDallas Cowboys

    The ROI on the annuity is around 2.5%. That's a bad call.
     
    dahldennsull, RalfBully, dump and 2 others like this.
  37. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
    Donor
    Clemson TigersAtlanta BravesTiger WoodsCollege Football Playoff

    Huh? It's a great call if I spend money like I say I would.


    Ever heard of insurance?
     
  38. Oracle of Omahawg

    Oracle of Omahawg Swine Flu Carrier
    Donor
    Arkansas RazorbacksDallas Cowboys

    You could take the cash and buy your own annuities and get double the ROI.
     
  39. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
    Donor
    Clemson TigersAtlanta BravesTiger WoodsCollege Football Playoff

    You can cancel the annuity that you buy
     
  40. Oracle of Omahawg

    Oracle of Omahawg Swine Flu Carrier
    Donor
    Arkansas RazorbacksDallas Cowboys

    Not if you have annuitized the policy. When you annuitize it, it is an absolute assignment to the insurance company. Technically you could sell it to one of those JG Wentworth companies, but you could do that with the lotto annuity as well.
     
  41. Cheshire Bridge

    Cheshire Bridge 2017 & 2019 National Champions - Clemson Tigers
    Donor
    Clemson TigersAtlanta BravesTiger WoodsCollege Football Playoff

    Would it grow more than the lump sum that I would annuitize?
     
  42. Oracle of Omahawg

    Oracle of Omahawg Swine Flu Carrier
    Donor
    Arkansas RazorbacksDallas Cowboys

    A bit of a loaded question, but between the internal rate of return and the mortality credits, an individually bought Single Premium Immediate Annuity would have a better payout and you could get your checks monthly.
     
  43. Hogview

    Hogview Fan of the Green board, Razorbacks
    Donor TMB OG
    Arkansas RazorbacksTiger WoodsPGA

    Get some tickets!
     
    Where Eagles Dare likes this.
  44. HoosDaMan

    HoosDaMan Grumpy
    Virginia CavaliersDallas CowboysTiger WoodsLos Angeles Angels of AnaheimUnited States Men's National Soccer Team

    I'm due. I mean it this time.
     
    Where Eagles Dare likes this.
  45. THF

    THF BITE THE NUTS, THUMB IN THE ASS!
    Donor
    Arkansas RazorbacksSan Francisco GiantsOklahoma City ThunderDallas CowboysSan Francisco 49'ersMontreal Impact

    Can someone hook a brother up with the winning numbers?
     
  46. Sam Elliott

    Sam Elliott Job title: Assistant Bouncer at the Double Deuce
    Florida State SeminolesChicago BullsGreen Bay PackersTampa Bay LightningManchester United

    I got one number right last night and no payout :feelsbadman:
     
  47. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    The dude who won 450 mil in Florida is a 20 year old. Fucker
     
  48. Charles DeMar

    Charles DeMar Smug Outlaw
    Donor
    Ohio State BuckeyesHouston AstrosHouston RocketsHouston TexansRice Owls

    upload_2018-1-12_15-26-5.png
     
    dahldennsull and 941Gator like this.
  49. 941Gator

    941Gator TMB's resident beach bum
    Staff Donor
    Florida Gators

    “The power of positive thinking should not be underestimated!” he tweeted Friday.

    Missler claimed he wasn’t shocked by his big win — as he had “a feeling” he just might hit the jackpot, lottery officials said.

    But he still expressed his disbelief in a Facebook post minutes after the Jan. 5 drawing.
     
    Charles DeMar likes this.
  50. I<3privatedances

    I<3privatedances enjoys himself in the champagne room
    TMB OG
    Kansas JayhawksKansas City RoyalsGreen Bay PackersAvengersGame of ThronesBig 8 Conference

    Fuck that guy.
    I'd be dead by 23 if I would have won that much money at 20.