[QUOTE]Originally posted by mikes2k
[B]Ok, I got my tickets! I am feeling the KARMA!!!

 

You get 1/30 of the jackpot each year for the next 29 years (and 1/30 upfront). However, the winnings cannot be passed along in an estate easily, so if you die your heirs are SOL.

 

No winners!!! It is now up to $280mil! How many cars could I buy with that much money?

 

[QUOTE][B][Originally posted by EvoVII

 

Well there must be some mistake cause I didnt win! I got two numbers?? Is this good for anything other than wiping my ass with the ticket??

 

$280,000,000 divided into 30 equal payments is approximately $9,333,333.33 per year. Figure paying about %40 in taxes every year and that would be approx. $5,599,999 a year after taxes.

If you would get roughly 45% in a lump sum payout then after taxes that would be approx. $75,000,000.

If invested wisely/conservatively, you should be able to double your money in a 7 year period. Say you just blew $10,000,000 right off the bat and invested the other $65,000,000 and did double your money every 7 years, in 30 years you should have over $1BILLION. Yes, I said BILLION!

Can someone check my math to confirm? This just seems like TOO MUCH FREAKIN MONEY!!!

 

wait, so what would you exactly invest the 65 mill in for it do double every 7 years? Just off the interest?

 

Nobody one it is now 280million!

 

I don't know about doubling it in 7 years, but you could probably increase the value by around 75% or so which still ain't shabby. This is assuming you take a relatively conservative approach and don't try to "play" the market. Let the money do the work, not you...

 

I could have won if those stupid numbers came up last week. This would have been for $100,000.00 that I would have gladly accepted.