When You Win PB or Mega Lottey

[Dopey]

Thats why I don't buy tickets unless the jackpots get high enough that it's worth throwing away a few dollars for the chance.

I do the same, but it's completely illogical. I'd be thrilled with a $1M prize.

I work with a guy who buys lotto tickets all the time, but stops when the pot gets large enough for the media to start mentioning. He doesn't want to risk the publicity.

We're all weird.

 

[Remo Gaggi]

Going to give it all to Jamie if I win. I’ve got enough.

 

[LeaningCy]

Negative expected return with the lottery. You would never invest in a stock that has a negative expected return. It is just another way to tax the poor.

When the jackpot gets this big, the expected value does exceed the price of the ticket (factoring in taxes and assuming one winner).

As the jackpot continues to grow and more people buy tickets, the chances of multiple winners increases and the expected value dips back below the price of the ticket.

How Much Is a Mega Millions Lottery Ticket Worth?

Calculating the expected value of a lottery ticket based on the odds.

www.aaii.com

 

[drmwevr08]

I could afford a house!
Then I'd settle in for a few years as a stay at home dad. With more golf money while kids are in school

 

[simply1]

I could afford a house!
Then I'd settle in for a few years as a stay at home dad. With more golf money while kids are in school

I’m not sure you understand the amount

 

[simply1]

Going to give it all to Jamie if I win. I’ve got enough.

I can be a Jamie.

 

[drmwevr08]

I’m not sure you understand the amount

I'm sure I'd have lots of things come up, but first things first.
I don't need a yaght, spaceship or to buy a social media company I slowly destroy.

 

[ianoconnor]

I do the same, but it's completely illogical. I'd be thrilled with a $1M prize.

I work with a guy who buys lotto tickets all the time, but stops when the pot gets large enough for the media to start mentioning. He doesn't want to risk the publicity.

We're all weird.

I mean even if it's just a $50M Powerball win, everyone in your area is going to know. Like the couple from Bondurant.

 

[8bitnes]

I mean even if it's just a $50M Powerball win, everyone in your area is going to know. Like the couple from Bondurant.

Their prize was $202 million, second biggest in Iowa at the time. Now, he's a state representative, a true aristocrat

 

[Isualum13]

I mean even if it's just a $50M Powerball win, everyone in your area is going to know. Like the couple from Bondurant.

I would move to rural south dakota closeish to an airport where a jet can land. Build a nice house but nothing so big to draw a lot if suspicion. Also shut off my phone and get a new burner as needed and only give the number to a small number of people.

I jokingly tell my coworkers if I'm not at work the day after the drawing not to look for me. So hopefully I don't die that night. Might be more likely.

 

[ripvdub]

Probably buy a place in Maui. Then build a compound near jack trice/ Hilton.

9 Bay Dr, Lahaina, HI 96761 | MLS #401175 | Zillow

This 6645 square feet Single Family home has 7 bedrooms and 8 bathrooms. It is located at 9 Bay Dr, Lahaina, HI.

www.zillow.com

 

[demoncore1031]

Buy a lot of land in the Philippines. Build a badass house and a bar where I can have metal gigs. Buy a few old muscle cars. Buy a judge.

 

[Clonehomer]

I mean even if it's just a $50M Powerball win, everyone in your area is going to know. Like the couple from Bondurant.

Buy or rent a place in a small town far away from you. Change your legal residence to there and claim the ticket at that address. Much less publicity and maybe someone won’t look into where you actually live.

 

[Nelcyn]

When the jackpot gets this big, the expected value does exceed the price of the ticket (factoring in taxes and assuming one winner).

As the jackpot continues to grow and more people buy tickets, the chances of multiple winners increases and the expected value dips back below the price of the ticket.

View attachment 115266

View attachment 115267

How Much Is a Mega Millions Lottery Ticket Worth?

Calculating the expected value of a lottery ticket based on the odds.

www.aaii.com

Only buy when the jackpot is large. Still not liking those odds. "Probable outcome is a complete loss of dollars speculated."

 

[BCClone]

Well for $2 it's worth the fun to dream. After getting my ticket I don't check the winning numbers. I figure if the state is mentioned I bought it. Good start. If I drive past the location I purchased and there are 10 media trucks ... I better check. It's all fun!!

Same as what I do.

 

[SCNCY]

Buy or rent a place in a small town far away from you. Change your legal residence to there and claim the ticket at that address. Much less publicity and maybe someone won’t look into where you actually live.

That's why you crate an LLC or a Trust to hide your identity.

 

[BCClone]

Buy or rent a place in a small town far away from you. Change your legal residence to there and claim the ticket at that address. Much less publicity and maybe someone won’t look into where you actually live.

Hopefully you bought the ticket at a small store, otherwise they always pull any video of the purchase and double check.

 

[wxman1]

Just want to make sure I am doing things correctly. Are we boycotting Hy-Vee's for this as well so they don't get the winning store bonus?

 

[BCClone]

Just want to make sure I am doing things correctly. Are we boycotting Hy-Vee's for this as well so they don't get the winning store bonus?

I know if I win, it will just be the Peanut Butter and not the Mega Millions. What kind of bonus do they get for a jar of Peanut Butter?

 

[TitanClone]

Blum and Jamie would be my first 2 contacts after the obvious lawyer and financial advisor. I'd also buy the house I lived in during my 5 years in Ames. After that off to Maui or somewhere in the Caribbean for awhile to decide what I want to do with the rest of my life.