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

[QUOTE=Doom14;49497030]32-16-19-57-34 and Powerball 13. I won!!!!!!!!!!! A whole lot of nothing. Not even $4.[/QUOTE] I lost $4.

I can't access the numbers at all. So I don't know if I won or anything.

[QUOTE=TheNerdPest14;49497071]I can't access the numbers at all. So I don't know if I won or anything.[/QUOTE] 32-16-19-57-34, Powerball Number is 13. You don't have to get them in the same order to win a prize.

If you are smart you won't tell anyone if you won. Not until you gathered an army of lawyers and financial advisors. Also, write your name in pen on the ticket because the money goes to the person listed on the ticket.

I wonder if someone has won this time. If the odds are several hundred million, that means still that no one has necessarily won. Right? Could you imagine, winning a billion dollars?

CNN just spent time providing advice on how to pick a winning power ball numbers - we're all doomed..

i didnt win

I didn't really think of it not existing in so many years. I'd still probably not take the lump sum though, there's so much shit that can go wrong when you have it all at once, and even a single 30 million is more than I'll ever need. All hypothetical though since I'll never have that kind of option anyway.

[QUOTE=Samg381;49497120]CNN just spent time providing advice on how to pick a winning power ball numbers - we're all doomed..[/QUOTE] its better than the time they asked an expert if a black hole ate M370

This is the powerball I'd want to win the least. Chances are I'd never be able to spend all the money from an average one so the extra money doesn't matter, but this one's attracted so much attention that the winner is pretty much guaranteed to have to live in fear of being murdered or kidnapped for the rest of their life.

My friend got the Powerball. He made 2$.

I hit 3 numbers. On different lines AKA didn't hit shit

I got the powerball and one other number. Made my money back.

sheesh 1.3 billion that's crazy

just wait untill Wednesday can't imagine how high it'll be then

At $900 Mil, In the USA if you took one lump sum you'd get $550m, and then the nearly 40% tax rate would drop it to $220m. And if your state has income tax then it drops even more Lotteries in other countries like Aussieland IIRC doesn't do that

[QUOTE=TheTalon;49498587]At $900 Mil, In the USA if you took one lump sum you'd get $550m, and then the nearly 40% tax rate would drop it to $220m. And if your state has income tax then it drops even more Lotteries in other countries like Aussieland IIRC doesn't do that[/QUOTE] Yep. Proceeds from lotteries and gambling in general are exempt from tax (but income derived from the winnings, when invested as capital, are taxable), unless the person or group of people involved were 'in the business' of gambling.

[QUOTE=Firo;49496094]It's at 900 Million now which is based on the annuity payout. So if you took the lump sum it would be less than half. I honestly don't know who'd be stupid enough to take a lump sum of $400 million versus a yearly $30 million... for 30 years.[/QUOTE] Because you can make more in the 30 years investing the lump sum rather than taking the annuity. [editline]10th January 2016[/editline] Also no one won, next drawing is projected to break $1.3 billion

[QUOTE=Levelog;49477262]1 million set for life? You have a damn cheap cost of living.[/QUOTE] you could live quite comfortably off a million for twenty years, maybe longer.

[QUOTE=TheTalon;49498587]At $900 Mil, In the USA if you took one lump sum you'd get $550m, and then the nearly 40% tax rate would drop it to $220m. And if your state has income tax then it drops even more Lotteries in other countries like Aussieland IIRC doesn't do that[/QUOTE] That $550M lump sum [I]is[/I] the taxed amount.

I got 16, 24 and 57 and no powerball. I won $21. Woohoo.

[QUOTE=Th3applek1d;49499915]That $550M lump sum [I]is[/I] the taxed amount.[/QUOTE] Unfortunately it isn't. If you choose lump sum instead of annuity the take home sum is $558m. Then there's the federal tax you have to pay on the 558, then depending on your state, more taxes on what's left after that The lump sum for the 1.3B is going to be 800 million and that's before any taxes, 600mil after taxes [b]IF[/b] your state has no tax on lotto winnings (Like Florida), other wise, depending on state, it'll drop further to as low as $540m

[QUOTE=TheTalon;49500000]Unfortunately it isn't. If you choose lump sum instead of annuity the take home sum is $558m. Then there's the federal tax you have to pay on the 558, then depending on your state, more taxes on what's left after that[/QUOTE] You'd probably end up with around $250 million or so. Kinda sad if you think about how much money is lost with taxes.

But still, $200 million, hell, [I]$100 million[/I] is more than any of us would see in a lifetime. Sure, they're taking a lot from you in the end, but what you've got left is still mind boggling.

[QUOTE=The_J_Hat;49500522]But still, $200 million, hell, [I]$100 million[/I] is more than any of us would see in a lifetime. Sure, they're taking a lot from you in the end, but what you've got left is still mind boggling.[/QUOTE] From 1.3 billion, you lose about 1 billion of that. That's more mind boggling than the net payout.

I still want a ticket :v:

All the shit I could do with that money. College, become an entrepenuer, and more...

You go home with $596,700,000.00 after taxes if you live in a state that doesn't have state level taxes on it. [editline]10th January 2016[/editline] Updated the title.

How do they pick the numbers for powerball? Is it actually random?

[QUOTE=Svinnik;49500910]How do they pick the numbers for powerball? Is it actually random?[/QUOTE] Balls get blown out of a big bucket of balls. [url]http://a.abcnews.com/images/Business/abc_01_powerball_lottery_nt_121128_ssh.jpg[/url] Would be pretty difficult to rig unless the balls were all weighted differently or something.