Powerball Jackpot Reaches $1.5 Billion, Largest Lottery in U.S. History - Polidicks

[QUOTE=agentfazexx;49508746]$10 gets you a ticket with 5 chances to win.[/QUOTE] What tickets are you buying? That doesn't sound like powerball tickets to me. [editline]12th January 2016[/editline] Fucking work. I'll have to go buy tickets before I go to work because I get off after everyone is closed.

So tickets are being sold online in Australia, I'd love to see how butthurt a lot of Americans would get if an Aussie won. Got some myself though, my girlfriend's parents bought my girlfriend and I some games.

[QUOTE=Snoberry Tea;49510811]If you're gonna spend lottery winnings why in gods name would you get a Ford? Their transmissions suck and their engines are lackluster. Chevrolet is better, GMC is best.[/QUOTE] The transmissions are pretty damn good and the 3.5L twin turbo ecoboost is not something you want to fuck with. Even on a stock ecoboost with the factory ramped throttle (it doesn't just go straight to 100% throttle when you mash it), it's extremely easy to break the rear end loose if you give it too much throttle. The engine is anything but "lackluster". [QUOTE=Snoberry Tea;49512047]Same reason that Apple has such a captive audience. Brand recognition and cult following. [t]http://www.thetruthaboutcars.com/wp-content/uploads/2015/02/USA-pickup-truck-market-share-chart-January-2015.png[/t] That being said, Ford has been in a steady decline and is being overtaken by Chevy/GMC Also yes: Chevy and GMC are the same company and same chassis but not the same truck. GMC is Chevy's high-end line. Better parts & QC goes into GMC vehicles than Chevy vehicles. Not an uncommon practice in today's economic climate for a company to have a low/mid and high end brand under two different names. It cultivates, as above, cult followings and brand loyalty.[/QUOTE] I know a ford guy who recently bought a 2015 GMC Sierra Denali. We compared my 2015 F150 Lariat to it. They stickered for the same price ($52,000) and I had basically everything he had, AND the FX4 offroad package with 4x4 (his is only 2wd). His main reason for going with the GMC was that the Ford dealership would not budge on the price, and GMC did. That's the reason GMC/Chevy is starting to see more people now. Ford isn't really in the budget pickup game anymore. They are becoming more luxury.

[QUOTE=binkow;49512067]Alright. I bought 3 tickets, WISH ME LUCK GENTLEMEN! Rate this post star, like, share, and comment and if I win I'll split my earnings with you![/QUOTE] Rated star. This post constitutes a legally binding contract despite the occurrence of redacted text hidden by a clickable spoiler shield. My claim is $100,000,000. If you win and do not contact me within 30 days you will hear from my lawyer. :v: [editline]12th January 2016[/editline] [QUOTE=Blind Lulu;49513257]I've seen too many horror stories of lives being ruined to ever want to win a lottery. There's practically no way to avoid it unless you have no family or friends. Relationships will completely fall apart when such a massive influx of money is introduced.[/QUOTE] Really don't see how in my case. Throw $10m at my dad, he'll stfu and leave me alone. Throw $10m at my best friend, she'd be happy as fuck Pay off all my debts, contact debt collectors and pay everything in full. Throw away/close all credit accounts. Give all 4 cousins $500k Give all 8 uncles/aunts $500k Go into hiding [editline]12th January 2016[/editline] [QUOTE=Animosus;49513502]So tickets are being sold online in Australia, I'd love to see how butthurt a lot of Americans would get if an Aussie won. Got some myself though, my girlfriend's parents bought my girlfriend and I some games.[/QUOTE] That's your lotto, not ours. Powerball is American only you mong

[QUOTE=Snoberry Tea;49513634] That's your lotto, not ours. Powerball is American only you mong[/QUOTE] Nope, we can legit buy tickets to the American powerball online [URL="https://au.news.yahoo.com/thewest/a/30553290/aussie-punters-given-green-light-to-play-for-worlds-biggest-lotto-of-1-3b/"](Source)[/URL] But my girlfriend and her parents are American so her parents got us some tickets and are mailing them over.

[QUOTE=Blind Lulu;49513257]I've seen too many horror stories of lives being ruined to ever want to win a lottery. There's practically no way to avoid it unless you have no family or friends. Relationships will completely fall apart when such a massive influx of money is introduced.[/QUOTE] Who needs family when you have cocaine and hookers?

1.5 billion now, fuck me!

Also its up to $1.5B, or $930M cash option.

Oh man do I hope I at least have SOME luck. Even if I get a ticket or two back, fuck it I just want a chance.

[QUOTE=OvB;49514881]Also its up to $1.5B, or $930M cash option.[/QUOTE] $930M being the payout if you choose a lump sum?

[QUOTE=Headhumpy;49514984]$930M being the payout if you choose a lump sum?[/QUOTE] Before taxes. After 39.6% federal tax you'll walk away with $561,720,000 if you live in a state that doesn't tax it further.

The next drawing is tomorrow right?

[QUOTE=The_J_Hat;49515069]The next drawing is tomorrow right?[/QUOTE] Tomorrow night at 10 EST, I think.

[QUOTE=OvB;49515022]Before taxes. After 39.6% federal tax you'll walk away with $561,720,000 if you live in a state that doesn't tax it further.[/QUOTE] Happy to actually live in Florida for once. Gonna play today with 5 tickets.

[QUOTE=Ghost_Zero;49515150]Tomorrow night at 10 EST, I think.[/QUOTE] 11pm actually.

[QUOTE=OvB;49515022]Before taxes. After 39.6% federal tax you'll walk away with $561,720,000 if you live in a state that doesn't tax it further.[/QUOTE] remind me how it works out if you don't take lump sum because even getting tiny slices of it over a long time will be beyond anything I'm capable of earning, I'm sure

[QUOTE=dai;49516087]remind me how it works out if you don't take lump sum because even getting tiny slices of it over a long time will be beyond anything I'm capable of earning, I'm sure[/QUOTE] You don't know what the future holds with US finances. Take the lump sum or you might have a bad time years down the road.

[QUOTE=Animosus;49513783]Nope, we can legit buy tickets to the American powerball online [URL="https://au.news.yahoo.com/thewest/a/30553290/aussie-punters-given-green-light-to-play-for-worlds-biggest-lotto-of-1-3b/"](Source)[/URL] But my girlfriend and her parents are American so her parents got us some tickets and are mailing them over.[/QUOTE] That's bullshit. There's enough people playing for it in America, get your own lottery, Australia!

[QUOTE=LtKyle2;49510967]So why does the F-Series continue to be the most purchased truck. :v: My dad's first ranger lasted him almost 30 years until he handed it over to my sister who killed it within 1, and our 1999 still runs great. My boss bought a used 2006 F350 utility diesel at 300k miles and it runs well. Take care of a Ford and it will last you a long time. Aren't Chevy and GMC the same truck with different front ends. :v:[/QUOTE] ya but the numbers behind both trucks are ridiculous anyways, ford may sell an f150 every minute, but GM sells a silverado every 2 minutes [editline]12th January 2016[/editline] [QUOTE=dai;49516087]remind me how it works out if you don't take lump sum because even getting tiny slices of it over a long time will be beyond anything I'm capable of earning, I'm sure[/QUOTE] lump sum you have to pay all the taxes on it at once, over time you pay taxes on what you take out that year, so you probably are going to pay less taes

how did this thread become from lottery to ford trucks did we become rednecks?

[QUOTE=Sableye;49516145] lump sum you have to pay all the taxes on it at once, over time you pay taxes on what you take out that year, so you probably are going to pay less taes[/QUOTE] Uh no Are you high? No matter if you take lump sum or payments, you're paying 39% tax. You'll actually lose more in tax if you take payments vs lump sum $930m lump sum payment, 39.6% tax is $368.28m $50m/yr for 30 years, 39.6% tax is $594m Also, if you take payments and in the future anything happens you're fucked. New income tax brackets put anything over 5m/yr at 75% tax? Well hey look you're fucked. Lottery system runs out of money? Well hey look you're fucked.

[QUOTE=mastfire;49516211]how did this thread become from lottery to ford trucks did we become rednecks?[/QUOTE] if I win I'll buy the person who needs an F-150 the most a smartcar

[QUOTE=Snoberry Tea;49516221]Uh no Are you high? No matter if you take lump sum or payments, you're paying 39% tax. You'll actually lose more in tax if you take payments vs lump sum $930m lump sum payment, 39.6% tax is $368.28m $50m/yr for 30 years, 39.6% tax is $594m Also, if you take payments and in the future anything happens you're fucked. New income tax brackets put anything over 5m/yr at 75% tax? Well hey look you're fucked. Lottery system runs out of money? Well hey look you're fucked.[/QUOTE] Actually, if the $1.5 billion was distributed over 30 years, inflation (3.2% historical average) would make it worth just $55 million more than the lump sum.

[QUOTE=dai;49516279]if I win I'll buy the person who needs an F-150 the most a smartcar[/QUOTE] But what if the person actually needs an F150 for work You can't haul a trailer with a smart car [editline]12th January 2016[/editline] [QUOTE=Headhumpy;49516339]Actually, if the $1.5 billion was distributed over 30 years, inflation (3.2% historical average) would make it worth just $55 million more than the lump sum.[/QUOTE] I was only talking about taxes, dude.

[QUOTE=Headhumpy;49516339]Actually, if the $1.5 billion was distributed over 30 years, inflation (3.2% historical average) would make it worth just $55 million more than the lump sum.[/QUOTE] Sure, inflation will make it worth more, but it will also make things cost more...that's part of inflation too. And who knows if the lottery will have money to pay it out for 30 years, who knows what will happen with taxes...taking the lump sum is the smarter thing to do, who knows if the government will jack taxes up to 90% or not for that tax bracket.

[QUOTE=agentfazexx;49516367]Sure, inflation will make it worth more, but it will also make things cost more...that's part of inflation too. And who knows if the lottery will have money to pay it out for 30 years, who knows what will happen with taxes...taking the lump sum is the smarter thing to do, who knows if the government will jack taxes up to 90% or not for that tax bracket.[/QUOTE] Bro re-read what he said. Inflation will make it worth LESS not MORE. He said after 30 years the inflation will make the entire 1.5bn pot worth only 55m more than the lump sum of 930m i.e. it'll effectively turn the purchasing power of 1.5bn into 980m Either way you're better off taking the lump sum and investing it. Only idiots with no money sense take the payments. You can easily make more money per year off investments on the lump sum than you'd get per year in the payments, and in the 30 years you'll have well over the original pot.

[QUOTE=Snoberry Tea;49516355]But what if the person actually needs an F150 for work You can't haul a trailer with a smart car [editline]12th January 2016[/editline] I was only talking about taxes, dude.[/QUOTE] Yeah, I know. I was responding as an addendum, not to counter your post or anything. [QUOTE=agentfazexx;49516367]Sure, inflation will make it worth more, but it will also make things cost more...that's part of inflation too. And who knows if the lottery will have money to pay it out for 30 years, who knows what will happen with taxes...taking the lump sum is the smarter thing to do, who knows if the government will jack taxes up to 90% or not for that tax bracket.[/QUOTE] That's not what I was saying. I was saying that the NPV of the $1.5 billion distributed over 30 years is actually barely more than the lump sum. Even ignoring the other risks that have already been mentioned, you might as well take the lump sum. Actually, I crunched the numbers a bit more. If you consistently invested each annual payment into an S&P 500 ETF that gave 9% annual returns, you would have $5.3 billion at the end of the 30 years. If you did the same with the lump sum, you would have $11.3 billion after 30 years. If you win, take the lump sum.

[QUOTE=Snoberry Tea;49516355]You can't haul a trailer with a smart car[/QUOTE] You'll save tons of money on gas and can haul a tiny trailer that earns the difference

[QUOTE=dai;49516557]You'll save tons of money on gas and can haul a tiny trailer that earns the difference[/QUOTE] Yeah I'll get right on using a smart car to do construction work.

[QUOTE=Snoberry Tea;49516605]Yeah I'll get right on using a smart car to do construction work.[/QUOTE] Hey man, if you need some tiny vehicle to drive around construction sites but also head onto the highway, a smart car probably fits that bill.