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Featured Replies

Is there some fuckery afoot? I smell bullshit. 

Which side is going to turn this into an election issue?

I guess making me wait another day for my 400mil isint going to hurt too bad.

44 minutes ago, Fudbelty said:

I guess making me wait another day for my 400mil isint going to hurt too bad.

The cash option would yield about $585,000,000 after the IRS got through with you.

They just put out numbers and they are total shit. I will always believe I won and they changed them. 

9 minutes ago, Nicole44 said:

They just put out numbers and they are total shit. I will always believe I won and they changed them. 

Damn right. I was cheated out of my $1.9bn.

5 minutes ago, tokamak said:

Damn right. I was cheated out of my $1.9bn.

I was going to buy a franchise…damnit. Or at least minority ownership in one. Lol

43 minutes ago, Grade of D as in David said:

One winner in California

Not sus at all after they had to delay the drawing based on California. Hmmm.....

 

Edited by hornian
Autocorrect runs my coolness

15 minutes ago, hornian said:

Not sus at all after they had to delay the drawing based on California. Hmmm.....

 

It’s sus! Fucking California!!! Boooooo

The press release said a different state had the problem, not California.

Ticket was bought in my hood,  Ticket was bought about a mile from my house.  But not where I bought mine.

1 hour ago, Grade of D as in David said:

One winner in California


Im ok with hitting 5 numbers 

8 minutes ago, Sbbruin said:

Ticket was bought in my hood,  Ticket was bought about a mile from my house.  But not where I bought mine.

same....

13 minutes ago, Hawndoh said:

The press release said a different state had the problem, not California.

That's what California wants you to think. 

 

11 minutes ago, Sbbruin said:

Ticket was bought in my hood,  Ticket was bought about a mile from my house.  But not where I bought mine.

 

3 minutes ago, Foosters said:

same....

That’s exactly what I would expect you guys to say.

13 minutes ago, Sbbruin said:

Ticket was bought in my hood,  Ticket was bought about a mile from my house.  But not where I bought mine.

Season 3 GIF by Parks and Recreation

28 minutes ago, Sbbruin said:

Ticket was bought in my hood,  Ticket was bought about a mile from my house.  But not where I bought mine.


I really need a loan 

Cash option payout was $997,600,000.

SB - watch for a new boat in your marina.

State of California doing the money dance on that win.

I believe with the 1% mental health tax the highest Cali personal tax rate is 13.2%.....  so a smoove $130 million dollars being paid to the state of Cali on top of the Federal tax rate.

 

I mean I would survive with only $500Mil in my pocket.... but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state

Edited by AUS-97HORN

9 hours ago, AUS-97HORN said:

State of California doing the money dance on that win.

I believe with the 1% mental health tax the highest Cali personal tax rate is 13.2%.....  so a smoove $130 million dollars being paid to the state of Cali on top of the Federal tax rate.

 

I mean I would survive with only $500Mil in my pocket.... but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state

uh, no....

https://fortune.com/2022/11/07/tax-bill-if-you-win-the-billion-dollar-powerball-jackpot/

Quote

The winner—or winners—will owe 24% to the IRS in federal taxes, and then additional taxes when they file (winning that much money will put you in the top federal tax bracket).

Then there are the state taxes. Fourteen states don’t levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Utah, Washington, and Wyoming.

 

Edited by Blotto

11 hours ago, AUS-97HORN said:

 

but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state

Welcome to my world.

11 hours ago, AUS-97HORN said:

State of California doing the money dance on that win.

I believe with the 1% mental health tax the highest Cali personal tax rate is 13.2%.....  so a smoove $130 million dollars being paid to the state of Cali on top of the Federal tax rate.

 

I mean I would survive with only $500Mil in my pocket.... but fuck me sideways when you have to cut a 130 mil tax check just to your fucking state

If someone is mad about turning $2 into $500m, give me a break. I seriously wouldn't care.

Edited by Nice Guy Eddie

It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all.

16 hours ago, NotActuallyALonghorn said:

It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all.

Take that shit to the cloak room.

18 hours ago, NotActuallyALonghorn said:

It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all.

This. Winning it would only leave you with maybe $500 million that you didn’t have before and that you didn’t work for at all. No thank you. 

40 minutes ago, Helobious said:

This. Winning it would only leave you with maybe $500 million that you didn’t have before and that you didn’t work for at all. No thank you. 

I mean, I would still take it. I'm just saying it's kinda crazy how disingenuous the number they advertise is.

19 hours ago, NotActuallyALonghorn said:

It's still pretty crazy that if you win a nearly two billion dollar jackpot and take the cash option that you will only get about a quarter of that number after you are done paying taxes and all.

You gotta keep in mind that the headline number - $1.9bn in this case - is mostly bullshit. That pot of money doesn't exist. They didn't sell $1.9bn worth of tickets. The actual prize is the lump sum value (~$900m in this case), but they use the annuity value instead to generate marketing hype.

  • 8 months later...

It is creeping up there again.

Bought a cash option ticket. If I win, what do ya think about one of these to lease as a transport to SEC away games?

 

5707AB94-2FEE-4377-9D33-0640F0B76ADB.jpeg

12 minutes ago, Armybrat said:

It is creeping up there again.

Bought a cash option ticket. If I win, what do ya think about one of these to lease as a transport to SEC away games?

 

5707AB94-2FEE-4377-9D33-0640F0B76ADB.jpeg

This might be more your speed 

 

IMG_1371.jpeg

You gotta keep in mind that the headline number - $1.9bn in this case - is mostly bullshit. That pot of money doesn't exist. They didn't sell $1.9bn worth of tickets. The actual prize is the lump sum value (~$900m in this case), but they use the annuity value instead to generate marketing hype.
There are several websites that provide accurate jackpot analysis for the lotto, both annuity and cash option, depending on your state of residence.

But for a quick & pretty damn close number just take the jackpot total and multiply by .327. You'll be within a million or two for states like Texas.
11 minutes ago, GhostOfTomJoad said:

There are several websites that provide accurate jackpot analysis for the lotto, both annuity and cash option, depending on your state of residence.

But for a quick & pretty damn close number just take the jackpot total and multiply by .327. You'll be within a million or two for states like Texas.

What discount rate does the lottery authority use to determine cash value?  And does that ever change because of the markets? I know it’s locked in at the time of claim but would that rate be different now than it was 2 years ago when interest rates were much lower?

Edited by TonyTexas

Quote

The tax information provided here is based on 2022 federal marginal rates and state tax rates.  We show both the initial mandated federal withholding of 24% as well as the remaining federal taxes that will be due.  The initial state withholding taxes are based on published guidance from each state lottery and the final state tax rates are from state government publications.

This is the site I look at when daydreaming. Hey, I won 4 bucks on my Megamillion ticket last night which covers both the cost of it and the one Powerball I purchased. Even Steven so far.

https://www.usamega.com/

 

BTW, Vancouver or Vancouver Island would be our likely destination if we win one of the jackpots.

On 11/10/2022 at 7:33 AM, NotActuallyALonghorn said:

I mean, I would still take it. I'm just saying it's kinda crazy how disingenuous the number they advertise is.

I think I’ve seen math where taking the cash option was better

5 minutes ago, GhostOfTomJoad said:

This is the site I look at when daydreaming. Hey, I won 4 bucks on my Megamillion ticket last night which covers both the cost of it and the one Powerball I purchased. Even Steven so far.

https://www.usamega.com/

 

BTW, Vancouver or Vancouver Island would be our likely destination if we win one of the jackpots.

So if 500m landed in my lap:

 

laguna beach

nyc 

Aspen

Costa Rica or something similar 

 

 

 

18 minutes ago, closetohumping said:

So if 500m landed in my lap:

 

laguna beach

nyc 

Aspen

Costa Rica or something similar 

 

 

 

That list is all so vastly different from each other, I think you will need more than one.   

IMG_4039.jpeg

17 hours ago, TonyTexas said:

What discount rate does the lottery authority use to determine cash value?  And does that ever change because of the markets? I know it’s locked in at the time of claim but would that rate be different now than it was 2 years ago when interest rates were much lower?

Yes.  The cash value option is now about 50% of the annuity amount.  The cash value option was upwards of 57% back when interest rates were lower.

On 7/14/2023 at 7:45 PM, Armybrat said:

It is creeping up there again.

Bought a cash option ticket. If I win, what do ya think about one of these to lease as a transport to SEC away games?

 

5707AB94-2FEE-4377-9D33-0640F0B76ADB.jpeg

We all want to go, I suggest:

10919414_728480597221248_779096268103503

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