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NightWatcher

(39,343 posts)
Fri Jan 8, 2016, 06:56 PM Jan 2016

Powerball is a projected $800 damn million

I think I might have to max out my credit cards on lotto tix tomorrow.



I got your financial planning right here!















Kidding, I found out today that you cannot get lotto tickets with credit cards when I tried to get a quick pick and a Redbull and the guy told me I'd have to pay cash for the lottery ticket. That's a smart move.

70 replies = new reply since forum marked as read
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Powerball is a projected $800 damn million (Original Post) NightWatcher Jan 2016 OP
We're close to a billion dollar lottery. It may get there. nt sufrommich Jan 2016 #1
I bought 20 dollars worth yeoman6987 Jan 2016 #43
You did increase your odds of winning the jackpot by buying ten tickets Snobblevitch Jan 2016 #51
Hey! See I am careful with money afterall. Lol. yeoman6987 Jan 2016 #53
I believe his odds went from 1 in 292,000,000 to 10 in KingCharlemagne Jan 2016 #67
When I signed up to DU, Snobblevitch Jan 2016 #70
Don't worry...when I win the jackpot tomorrow... joeybee12 Jan 2016 #2
When I win, I will be at LAX waiting to board a plane to Tahiti. Initech Jan 2016 #26
Really? joeybee12 Jan 2016 #30
why would you as a 3/4 billionaire wait to board a plane ?????????? HereSince1628 Jan 2016 #35
True, I could buy a plane! Initech Jan 2016 #38
By the time all taxes are paid it would "only" be a half billion or so. yellowcanine Jan 2016 #65
A half-billion here and a half-billion there and pretty soon you're KingCharlemagne Jan 2016 #69
I'd be headed for New Zealand myself. hifiguy Jan 2016 #40
If I had that kind of cash I'd totally do stuff like that too! Initech Jan 2016 #49
Yup. Just watching the heads explode hifiguy Jan 2016 #50
I bought tickets earlier today. In_The_Wind Jan 2016 #3
The winner could... GummyBearz Jan 2016 #4
lol Renew Deal Jan 2016 #13
If I win safeinOhio Jan 2016 #5
haha.... dhill926 Jan 2016 #42
MINE!!!!! JoePhilly Jan 2016 #6
When we get... MrWendel Jan 2016 #7
We have tons of Canadians crossing the Windsor/Detroit bridge when sufrommich Jan 2016 #11
Maybe Scott Walker was onto something about that wall after all KamaAina Jan 2016 #17
what comes after a thousand millions? juxtaposed Jan 2016 #8
Oprah bucks NightWatcher Jan 2016 #12
A brazillion. nt sufrommich Jan 2016 #15
Krillions. hifiguy Jan 2016 #59
When is it? Renew Deal Jan 2016 #9
Saturday night at 11p NightWatcher Jan 2016 #14
I just gave my room mate a dollar to get me a ticket when she goes into town. bluedigger Jan 2016 #10
Tickets are 2 bucks each Mosby Jan 2016 #27
Thanks! bluedigger Jan 2016 #34
I never get why people suddenly buy tickets when the jackpot is really high. cwydro Jan 2016 #16
The fair value of a lottery ticket is the expected prize times the probability of winning. Nye Bevan Jan 2016 #18
Ah, well. cwydro Jan 2016 #20
800 million buck winners would be more fun IMHO. ileus Jan 2016 #22
That's been tried and the ticket sales were low. Snobblevitch Jan 2016 #33
Not really. ohnoyoudidnt Jan 2016 #56
It is the chance to be filthy rich. 1-3 mill is chump change in comparison. yellowcanine Jan 2016 #63
if I win - I can lunch with Hillary SoLeftIAmRight Jan 2016 #19
The guy who sold me a ticket assured me it was the winner. zappaman Jan 2016 #21
Mee too! It's a shame we'll have to split the jackpot. Glassunion Jan 2016 #24
Lottery: A tax for people who are bad at math. Glassunion Jan 2016 #23
Your odds are as good as anyone's, so what the hell. Atman Jan 2016 #29
Here is what to do with the winnings... Atman Jan 2016 #31
If I win, I'll donate to DU and get a star. Kaleva Jan 2016 #25
Don't buy a star. If you win you can buy DU and exact revenge upon your enemies NightWatcher Jan 2016 #39
My husband and I had a fun time in the car today phylny Jan 2016 #28
It is fun. grasswire Jan 2016 #32
Good list! Kaleva Jan 2016 #37
Everyone has a fantasy philosslayer Jan 2016 #36
OMGOSH..... love you for this. Now that is the way to spend the money. eom. a kennedy Jan 2016 #46
I'd rather win the Megamillions tonight. MohRokTah Jan 2016 #41
The best thing that could happen is Snobblevitch Jan 2016 #45
Good point! yeoman6987 Jan 2016 #48
D*MN, I just found out THE D*MN TICKETS ARE 2.00 a piece...... a kennedy Jan 2016 #44
The odds are the same as if the pot was $1 million Renew Deal Jan 2016 #54
The minimum Powerball jackpot is $40 million. Snobblevitch Jan 2016 #55
Correct Renew Deal Jan 2016 #57
I would rather win the minimum jackpot on the drawing Snobblevitch Jan 2016 #62
and remember.......chances of you winning are..... a kennedy Jan 2016 #58
.. and the chances of you winning if you don't buy one Rosco T. Jan 2016 #60
we're buying ours tomorrow.....and at a couple different places. I'd die if we won. eom a kennedy Jan 2016 #66
Proof there are no such things as psychics. nt FLPanhandle Jan 2016 #47
I look upon this as a grand sociological experiment KamaAina Jan 2016 #52
I've heard money enhances who you are not ohnoyoudidnt Jan 2016 #61
I am joining the line tonight. Going to buy a couple of them. jwirr Jan 2016 #64
In some states, you can claim the prize anonymously Autumn Colors Jan 2016 #68
 

yeoman6987

(14,449 posts)
43. I bought 20 dollars worth
Fri Jan 8, 2016, 08:24 PM
Jan 2016

I've spent worse with my money. Lol. You never know maybe I can win a free ticket.

Snobblevitch

(1,958 posts)
51. You did increase your odds of winning the jackpot by buying ten tickets
Fri Jan 8, 2016, 08:35 PM
Jan 2016

instead of just one ticket. Your odds went from 1 in 292,000,000 to 1 in 291,999,998.

 

KingCharlemagne

(7,908 posts)
67. I believe his odds went from 1 in 292,000,000 to 10 in
Fri Jan 8, 2016, 10:47 PM
Jan 2016

292,000,000. But I'm open to hearing from our resident math and statistics whizzes.

Snobblevitch

(1,958 posts)
70. When I signed up to DU,
Fri Jan 8, 2016, 10:55 PM
Jan 2016

I was told there was no math requirement. You are, of course, correct.

However, with so many combinations of numbers sold, it seems likely that there will be a winning ticket, and orobably more than one.

What the hell will the nation talk about ither than Powerball if a winning ticket is not drawn tomorrow night?

HereSince1628

(36,063 posts)
35. why would you as a 3/4 billionaire wait to board a plane ??????????
Fri Jan 8, 2016, 07:50 PM
Jan 2016

You're gonna need a coach to help you act in a manner appropriate to your hundreds of millions.

Please send me a PM and we can work out a plan to change your life.

 

hifiguy

(33,688 posts)
40. I'd be headed for New Zealand myself.
Fri Jan 8, 2016, 08:14 PM
Jan 2016

Lovely country, friendly folks and they speak something very like English. Andvery far away from everything if the feces ever hit the impeller.

Seriously, I'd keep $50 million and use the rest to fund everything that drives reichwingers and religulous nuts batshit crazy. Oh, what fun that would be.

Initech

(100,068 posts)
49. If I had that kind of cash I'd totally do stuff like that too!
Fri Jan 8, 2016, 08:33 PM
Jan 2016

I'd be funding pro choice causes, LGBT causes, pro immigration causes, donate to campaigns, you name it.

 

GummyBearz

(2,931 posts)
4. The winner could...
Fri Jan 8, 2016, 07:00 PM
Jan 2016

have enough money to make a late republican presidential bid. He/she could out spend trump, and winning the debates is easy enough

safeinOhio

(32,675 posts)
5. If I win
Fri Jan 8, 2016, 07:01 PM
Jan 2016

I'm taking half of it to the casino down the street. Hire a bunch of expensive party girls. Buy all the booze and drugs they want.
The other half I'm just going to piss off.

sufrommich

(22,871 posts)
11. We have tons of Canadians crossing the Windsor/Detroit bridge when
Fri Jan 8, 2016, 07:05 PM
Jan 2016

the lotto gets huge. Wouldn't it be something if a Canadian won?

NightWatcher

(39,343 posts)
12. Oprah bucks
Fri Jan 8, 2016, 07:06 PM
Jan 2016

I read a story about if you win that you'll be richer than... and it listed a lot of musicians. Buying a ticket at the gas station shouldn't make you worth more than Bono, Ringo, ...

But I'll take it anywhoo

bluedigger

(17,086 posts)
10. I just gave my room mate a dollar to get me a ticket when she goes into town.
Fri Jan 8, 2016, 07:05 PM
Jan 2016

Told her there's a Jackson in it for her if I hit.

 

cwydro

(51,308 posts)
16. I never get why people suddenly buy tickets when the jackpot is really high.
Fri Jan 8, 2016, 07:12 PM
Jan 2016

Is a simple million or 3 not enough?

Nye Bevan

(25,406 posts)
18. The fair value of a lottery ticket is the expected prize times the probability of winning.
Fri Jan 8, 2016, 07:17 PM
Jan 2016

Most of the time the fair value of a ticket is well below its cost, meaning that buying the ticket is irrational. But this changes when the jackpot becomes absolutely huge.

Snobblevitch

(1,958 posts)
33. That's been tried and the ticket sales were low.
Fri Jan 8, 2016, 07:48 PM
Jan 2016

Minnesota used to have a game called Daily Millions. It was a numbers game and the odds were much better than Powerball. It might work in another state, but human nature (greed) gets people to buy when the jackpots get huge.

I don't play often, I may or may not buy a ticket.

I cannot imagine only a single winning ticket for this drawing.

ohnoyoudidnt

(1,858 posts)
56. Not really.
Fri Jan 8, 2016, 09:40 PM
Jan 2016

3 million would be nice but I only play in large jackpots that would be enough to set up myself, family and friends for life. Even then I only buy 1 ticket at a time.

zappaman

(20,606 posts)
21. The guy who sold me a ticket assured me it was the winner.
Fri Jan 8, 2016, 07:19 PM
Jan 2016

So, I'm already spending money like there's no tomorrow!

Glassunion

(10,201 posts)
24. Mee too! It's a shame we'll have to split the jackpot.
Fri Jan 8, 2016, 07:23 PM
Jan 2016

I just bought this with my Amex... Thank God there is no preset spending limit.

Glassunion

(10,201 posts)
23. Lottery: A tax for people who are bad at math.
Fri Jan 8, 2016, 07:20 PM
Jan 2016

I know the odds. No way in hell will I win.

I'm picking up some tickets on my way home.

Atman

(31,464 posts)
29. Your odds are as good as anyone's, so what the hell.
Fri Jan 8, 2016, 07:38 PM
Jan 2016

At roughly 280,000,000/1 odds, I don't see that it makes much sense to spend a lot of money on tickets. Spending $100 does not significantly increase your odds. So, though I never play the lottery, I did pick up two tickets when I bought gas today. What the hell. I can afford to lose $4, and my odds are as good as anybody elses.

NightWatcher

(39,343 posts)
39. Don't buy a star. If you win you can buy DU and exact revenge upon your enemies
Fri Jan 8, 2016, 08:08 PM
Jan 2016

Crush your enemies, see them driven before you and hear the lamentations of their women.

phylny

(8,380 posts)
28. My husband and I had a fun time in the car today
Fri Jan 8, 2016, 07:38 PM
Jan 2016

talking about what we would do with the money, giving substantial funds to:

Our three children.
Our three siblings.
Our 12 nieces and nephews.
Our local school district.
Our universities.
Our church.
Our community.
One or two friends in need.

Of course, we haven't bought a ticket - husband said, "Might as well throw my wallet out the window."

It was a fun way to spend some time, dreaming

grasswire

(50,130 posts)
32. It is fun.
Fri Jan 8, 2016, 07:47 PM
Jan 2016

I have two tickets, but I have planned my course of action since the last big jackpot.

First thing I do is tell my cousin the cop to quit his job immediately and come work for me as security. He says it will cost me six figures. Hell! That's cheap, says I.

 

philosslayer

(3,076 posts)
36. Everyone has a fantasy
Fri Jan 8, 2016, 07:52 PM
Jan 2016

Mine's a little different, but the first thing I'd do is get a real nice car. Nothing horribly flashy, but maybe a nice big BMW 750i. Then i'd take a nice solitary cross country tip, staying in cheap hotels and eating at waffle houses at like.... 2 am. And leaving $1000 tips to the waitresses and housekeepers. I figure if you're working at waffle house or are the housekeeper at a cheap hotel, you probably need to the money.

It would be fun.

 

MohRokTah

(15,429 posts)
41. I'd rather win the Megamillions tonight.
Fri Jan 8, 2016, 08:16 PM
Jan 2016

If you win the Megamillions tonight, there would be no spotlight on you like there would be winning the Powerball tomorrow.

Snobblevitch

(1,958 posts)
45. The best thing that could happen is
Fri Jan 8, 2016, 08:28 PM
Jan 2016

for there to be multiple winning tickets that include groups of people.

Your right, a person would be better off winning a small jackpot of multi-millions rather than one that is sure to get national attention.

Winning millions of dollars in a lottery does one of two things to a person/family. If they are basically good people, it will make them better. If they are basically bad, it could destroy them.

a kennedy

(29,658 posts)
44. D*MN, I just found out THE D*MN TICKETS ARE 2.00 a piece......
Fri Jan 8, 2016, 08:27 PM
Jan 2016
So, ok, we bought 10.00 worth. and what are the odds again??? We all dream of winning.

Snobblevitch

(1,958 posts)
55. The minimum Powerball jackpot is $40 million.
Fri Jan 8, 2016, 09:25 PM
Jan 2016

But you are correct, the odds don't change because of the size of the jackpot. The odds don't change because of the the number of tickets sold. The odds of more than one winning ticket increase with the number of tickets sold.

Snobblevitch

(1,958 posts)
62. I would rather win the minimum jackpot on the drawing
Fri Jan 8, 2016, 10:04 PM
Jan 2016

after this jackpot is won. Talk about sliding under the radar.

Edit to add: i really can't get my arms around this much money. Since winning a lottery jackpot of this size is a very public thing, people will come from everywhere asking for money. I have a large extrnded family that is quite close, what do I say to them if they ask for money? (They're all doing ok, none lf them are destitute.) I have relatives in the old country (part of the former USSR) and am in e-mail contact with two second cousins. Hell, I've met both of these second cousins, but I probably have 50+ second cousins whom I have never met who live within 100 miles of our place (other side of the family). I guess I'm over thinking this whole Powerball thing. I think I'll save myself the grief and not buy a ticket.

a kennedy

(29,658 posts)
58. and remember.......chances of you winning are.....
Fri Jan 8, 2016, 09:53 PM
Jan 2016

more than 1 in 292 million. But the odds are a bit better for the lesser prizes — 1 in less than 12 million for the $1 million, 1 in 913,000 for the $50,000 and 1 in 14,000 for $100.

So don't toss your ticket if you don't match every single number.



Rosco T.

(6,496 posts)
60. .. and the chances of you winning if you don't buy one
Fri Jan 8, 2016, 09:55 PM
Jan 2016

is zero. Just simple math. Worth trying a couple bucks on it.

 

KamaAina

(78,249 posts)
52. I look upon this as a grand sociological experiment
Fri Jan 8, 2016, 08:36 PM
Jan 2016

How long will it take me to turn into a rich asshole, if at all?

ohnoyoudidnt

(1,858 posts)
61. I've heard money enhances who you are not
Fri Jan 8, 2016, 10:01 PM
Jan 2016

exactly changes you. So say a DUer and Freeper both won and split the jackpot, it would be interesting to see the results.

jwirr

(39,215 posts)
64. I am joining the line tonight. Going to buy a couple of them.
Fri Jan 8, 2016, 10:13 PM
Jan 2016

Not really expecting to win but what the hell - might as well try.

 

Autumn Colors

(2,379 posts)
68. In some states, you can claim the prize anonymously
Fri Jan 8, 2016, 10:50 PM
Jan 2016

Here in Connecticut, you can form an LLC or a trust (and send an attorney to claim it and do the press conference). I would think that the fewer people who know, the less grief one would have in the long run.

I'm with the people who would donate to candidates and causes that would make rightwing heads explode ... but as someone who has lost a home to foreclosure and had lost her health insurance (and is now on Medicaid, thanks to the ACA), I'd give a large portion to Rolling Jubilee to use to buy and forgive others' medical debt. They can buy the debt at around 5 cents on the dollar. Think about it, each million could buy and forgive $20 million in medical debt. Would try to make that a regular yearly donation from whatever interest could be earned on all that money. I know what it's like to feel desperate, and that could help so many start over.

Nice to dream. I'll be buying a few tickets tomorrow.

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