Current Powerball $

[ven]

Re: $558,000,000

Then he could add a doggy to the family.

~ Chance

That suggestion is punishable by a country cottage in the UK, with a life sentence of all the rain you could want!

 

[Norman]

Re: $1.3B

Interestingly, I recently caught an episode of Shark Tank, and somebody was doing this. Something like half a dozen pieces of equipment on an acre or so. Texas was mentioned, but I think it was either where the company was based or the second site they wanted to open.

Found it. https://www.extremesandbox.com/

Here's a couple of news items.
http://heavy.com/news/2016/01/extre...construction-site-products-episodes-season-7/
http://www.startribune.com/hastings-company-gets-150k-from-shark-tank-investors/364417041/


So what's the government's share of the $1.3B? The Canadian dollar is at US$.70, so if the take-home is around $800K, it's still $1B (Canadian).

 

[NoNotAgain]

Re: $1.3B

Found it. https://www.extremesandbox.com/

Here's a couple of news items.
http://heavy.com/news/2016/01/extre...construction-site-products-episodes-season-7/
http://www.startribune.com/hastings-company-gets-150k-from-shark-tank-investors/364417041/


So what's the government's share of the $1.3B? The Canadian dollar is at US$.70, so if the take-home is around $800K, it's still $1B (Canadian).

The cash option runs around 65% of the total value. 1.3 billion works out to close to 845 million dollars before taxes. You lose another 30% to taxes so you'd get around 580 million USD. Nothing to sneeze at, but I'm greedy, I'd take the annuity. After taxes, that would be close to 30 million a year for the next 30 years.

I can't spend that much per year for 30 years straight. Besides, after the first couple of years, you run out of things to purchase. (unless you are the goober on TV that would purchase hookers and cocaine).

 

[StarHalo]

Re: $1.3B

around 580 million USD. Nothing to sneeze at, but I'm greedy, I'd take the annuity. After taxes, that would be close to 30 million a year for the next 30 years.

A just-okay 5% annual return on $580 million is also close to 30 million a year.

 

[Beamhead]

Re: $558,000,000

That suggestion is punishable by a country cottage in the UK, with a life sentence of all the rain you could want!

 

[Archangel72]

Re: $558,000,000

1.5 billion now 65% of is 975 million minus taxes off the top (33%) 643.5 million income taxes at the end of the year 257.4 million So that initial 1st year has you left before making investments and making ANYMORE money off from it at 386.1 million after the feds are done with you..

Ill sit back and take the yearly payments thank you... 30 payments of 50 million a year minus tax right off the top 33 million then at the end of the year before any investments that made money income tax leaves 19.8 million So every year for 30 years I could collect just shy of 20 million without making any money on it I would have at the end 594 million...


Oh just doing a little research on this I found this previous winner... I wonder....

[SIZE=-1]Vinh Nguyen California [/SIZE]

[SIZE=-1]September 24, 2014[/SIZE]

[SIZE=-1]Annuity[/SIZE]

[SIZE=-1]$228,500,000.00 annuity $136,154,788.75 cash[/SIZE]

 

[Chauncey Gardiner]

Re: $558,000,000

20 million a year! If a guy didn't pick up any bad habits he could live pretty well on that. :thumbsup:

~ Chance

 

[KDM]

Re: $558,000,000

Got my tickets ready, come on big money!!!

 

[Chauncey Gardiner]

Re: $558,000,000

Lotteries are a tax on the mathematically challenged. A quick look at the Powerball website tells you the probability of winning the jackpot is 1 in 292,201,338.00.

~ Chance

 

[Skimo]

Re: $558,000,000

Wife plays, I don't know why, she's smart enough not to. But I use tobacco and I'm smart enough not to.

 

[Archangel72]

Re: $558,000,000

reported at least one winner in CA.. No i did not win =( back to the grindstone for me tomorrow

 

[KDM]

Re: $558,000,000

Looks like it'll be split three ways now. Too bad it wasn't me, I would have bought everyone here some new gear.

 

[Me+Light=Addiction]

Re: $558,000,000

Lotteries are a tax on the mathematically challenged. A quick look at the Powerball website tells you the probability of winning the jackpot is 1 in 292,201,338.00.

~ Chance

You don't play the lottery because the odds are in your favour. You play because there is a small chance it will change your life. I've read a ticket is like $2? Well why not try then. Buy one beer less the next time you go out and you can already afford it. I'm sorry but I really dislike it when people say things like you just said or say "Lotteries are taxes for dumb people". We all know the odds are greatly against you when you play any lottery. We all know that the organisations that run lotteries make a lot of money off of them, just like in a casino. However if you don't go mad and spend money you needed to use on something better (like food or clothes or shelter) there is nothing wrong with entering a lottery.

 

[KDM]

Re: $558,000,000

Well said Me+light=addiction.

 

[Chauncey Gardiner]

Re: $558,000,000

You don't play the lottery because the odds are in your favour. You play because there is a small chance it will change your life. I've read a ticket is like $2? Well why not try then. Buy one beer less the next time you go out and you can already afford it. I'm sorry but I really dislike it when people say things like you just said or say "Lotteries are taxes for dumb people". We all know the odds are greatly against you when you play any lottery. We all know that the organisations that run lotteries make a lot of money off of them, just like in a casino. However if you don't go mad and spend money you needed to use on something better (like food or clothes or shelter) there is nothing wrong with entering a lottery.

Why do you dislike that I posted something you agree with?

~ Chance

 

[Archangel72]

Re: $558,000,000

You don't play the lottery because the odds are in your favour. You play because there is a small chance it will change your life. I've read a ticket is like $2? Well why not try then. Buy one beer less the next time you go out and you can already afford it. I'm sorry but I really dislike it when people say things like you just said or say "Lotteries are taxes for dumb people". We all know the odds are greatly against you when you play any lottery. We all know that the organisations that run lotteries make a lot of money off of them, just like in a casino. However if you don't go mad and spend money you needed to use on something better (like food or clothes or shelter) there is nothing wrong with entering a lottery.

2$ LOL I blew 20$ a day at it figuring I could spend that much on anything else like 2 beers and sandwich plus tax

 

[Me+Light=Addiction]

Re: $558,000,000

Why do you dislike that I posted something you agree with?

~ Chance

Maybe you should reread it. I dislike the fact you call people who participate in the lottery mathematically challenged. Furthermore I explain why people enter. How are you mathematically challenged if you know the odds but just accept the odds? Mathematically challenged means you don't know the odds and how little chance of winning you have. Your statement could be perceived as insulting and I don't know what else to call it than insulting since this thread is about what you could do would you win the jackpot and not about what the odds are of winning it.

 

[Me+Light=Addiction]

Re: $558,000,000

2$ LOL I blew 20$ a day at it figuring I could spend that much on anything else like 2 beers and sandwich plus tax

I googled it and this first thing that popped up is that a ticket costs $2. You spending $20 a day doesn't take away from the fact that one ticket costs $2 or around that number.

 

[orbital]

Re: $558,000,000

+

It's a bit of entertainment & if you win____



..I don't think I'v spent $10 on Powerball tickets in my entire life

 

[bykfixer]

Re: $558,000,000

Chance is a funny guy who probably works harder than most to ensure his witty quips are not in the least bit insulting...cept to maybe those with skin so thin they think he meant them personally.

I don't play because I travel a lot and see lots n lots of poor people with holes in their shoes scratching tickets or buying powerball in hopes they'll suddenly have no more troubles... I can't support that sorta thing. But that's just me.

They are the ones Chance was speaking of...the ones who think they won 1.5 billion or maybe $40 grand etc.. unknowing when the lottery and the government get done fleecing them they end up with about 30%...assuming they win...

But if folks want to play...have at it.