Powerball jackpot is now $1.9 billion!!!

Powerball site says 1.5 billion

This just made me buy two more tickets.

YEEESSSSSSS!!!!!!

I just bought a ticket and I am pretty sure it is a winner. I am not completely sure how I am going to spend the money but I am pretty sure I will take a few days off from work. I might buy a car or something, and probably a new TV (maybe a 70 incher!!).

New running shoes for me and wearing only running clothing for that rest of my life. Shorty shorty for everyone.

Braeburn wrote:

Powerball jackpot is now $1.9 billion!!!

If that's the case, it is now almost a reasonable bet.

$1.9 billion means about a $1 billion lump sum which means maybe $550 million after taxes.

Since the odds are 1 in 292 million and a ticket is $2, it would cost someone $584 million to guarantee winning the pot. Of course it is something like a 97% chance at least one other person will win as well, cutting your winnings by half or more.

Still a suckers bet.

I could use the money. I promise I'd share it.

I have purchased a ticket with a group of 49 people. We will not win, but it's fun to dream.

So, if the pot is just 1.5 billion and it is split 49 ways, then that is:

$30,612,244.89 per person before taxes. I can do a lot with that. I have one long-term project for a client that I am working on (maybe 18 months to 2 years), so I would see that to the end, but I would drop my other clients over the course of about 3-4 months if I won that, and then I would drop that other client at the end of that project, so before I turned 52 I would be completely retired. That would be pretty nice.

Even if I ended up with NET $15 million, at a 4% withdrawal rate, that is $600,000 a year. That would be more than enough...and that doesn't include what I already have saved for retirement.

Braeburn wrote:

Powerball jackpot is now $1.9 billion!!!

Or you could get an education, work hard, and actually EARN your $1.9 billion.

Remember when Michael Jackson died.

That's not fair! They should give 1.9 billion people $1 each!!!!!

If I were to win it, the 1st thing I'd do is buy a batmobile. 2nd is buy a batpod. 3rd is get an actual underground batcave made underneath my house. 4th is train in various martial arts. 5th is go on a date with Jordan Hasay(just because). 6th is become Batman.

If I win the first thing I do is build a super pro track club and circuit. Give athletes stipends more than shoe companies and freedom to train as they need. Pay best coaches to help coach a decent wage and other scientists and docs and have state of the art training facility. Then I would put together a pro league worth its salt.

Sweat thats how I would spend my money. Sadly I likely won't win but god help whoever does deal with all that comes their way. Most will likely give it to dozens who all proceed to blow it on junk and most be broke within 5 years.

The 1.5 is the annuity, so you'd get it spread out over 30 years. You won't be receiving an after tax pot worth $15 million.

Flagpole- how much do you have saved for retirement?

How do you people know this whole thing isn't rigged?

X-Runner wrote:

Flagpole wrote:

I have purchased a ticket with a group of 49 people.

49 people chipped in to buy one ticket?

You chipped in 4 cents each and person gave a nickel?

I bought one ticket that went into a pool of tickets purchased by a total of 49 people. We were to split it evenly if we won.

It most certainly is rigged. I haven't bought my ticket yet :) But in all seriousness, using lottery balls is the easiest way to fix an outcome