Babagounj
Strength through joy
But for many who aren't tech savy, it's a good way to guess what your payout might be.
Lottery Fever!
Babagounj
Strength through joy
Does "estimated" mean that the jackpot could be lower ?
Brownisbrown
UPS EMPLOYEE
Huh good thing I forgot to buy a ticket
oldngray
nowhere special
You didn't lose anything.Huh good thing I forgot to buy a ticket
That makes you a winner.
BigUnionGuy
Got the T-Shirt
I knew a guy that won 14 million. Got $565,000 a year after taxes.
Was standing at the mailbox every year waiting on his check. Spent every dime.
Last few years.... it went for hookers and coke. Last I heard, he was teaching golf in Florida.
Was standing at the mailbox every year waiting on his check. Spent every dime.
Last few years.... it went for hookers and coke. Last I heard, he was teaching golf in Florida.
Babagounj
Strength through joy
Powerball winner could receive HALF the $1.73 billion jackpot
Wednesday's Powerball jackpot winner will be penalized more than any other in the last two decades if they opt for to accept their winnings as a lump sum.
- If the winner of Wednesday's $1.73B jackpot takes the lump sum they get $757M
- By comparison, the winner of a $730M jackpot in 2021 got a lump sum of $550M
- The advertised Powerball jackpot is what the prize money would yield in bonds
- High interest rates mean bond yields are high and the jackpots are inflated
The amount advertised by the Powerball as being the jackpot is not the amount the lottery has in a prize pool and able to pay to the winner.
'The cash value is really what Powerball has on hand,' said Jared James, the founder Lotto Edge, which provides insights to various lotteries.
'All they're doing with the annuity is investing that money for you. So if interest rates are higher, they can put it in an investment that's going to yield a higher return than it would have a couple of years ago,' he said.
The advertised jackpot is therefore the amount that you would get if the prize pool was invested in a portfolio of Treasury bonds for 30 years.
As a result, each time chair of the Fed, Jerome Powell, raises interest rates and indirectly increases the yields on 30-year Treasury bonds, he is inadvertently increasing the size of lottery jackpots.
The terms of the annuity then dictate that the sum is paid to the winner in 30 annual payments, growing by 5 percent in size each year.
What'dyabringmetoday???
Banned
Sounds like he would make a good "elected leader".
Wally
BrownCafe Innovator & King of Puns
Imagine take home pay of nearly $11,000 each and every week and you are still broke?
Operational needs
Virescit Vulnere Virtus
Money can’t fix stupid.
BigUnionGuy
Got the T-Shirt
It was unbelievable to watch. Another good friend was his close compadre and had a double BA
in management and finance. The guy just didn't want to listen. He was fun to party with....
Operational needs
Virescit Vulnere Virtus
He always paid?
Wally
BrownCafe Innovator & King of Puns
Virginia woman wins lottery twice in one week: 'I'm in shock'
A Virginia woman appears to be on a winning streak after taking home two big lottery prizes in one week. Her first win was $50,000; then she hit a jackpot prize of $912,936.
Babagounj
Strength through joy
Mega Millions winner sues mother of child for blabbing about his $1.35 billion jackpot
A recent Mega Millions winner is suing the mother of his child, alleging she violated a nondisclosure agreement when she told his parents about his $1.35 billion jackpot.
www.nydailynews.com
She signed a NDA, but couldn't keep her mouth shut.
Wally
BrownCafe Innovator & King of Puns
You know she can't stop seeing dollar signs. That baby is her lottery ticket.Mega Millions winner sues mother of child for blabbing about his $1.35 billion jackpot
A recent Mega Millions winner is suing the mother of his child, alleging she violated a nondisclosure agreement when she told his parents about his $1.35 billion jackpot.
She signed a NDA, but couldn't keep her mouth shut.
Over70irregs
Well-Known Member
He’s done…..
Wally
BrownCafe Innovator & King of Puns
Might be a headache but his wealth gives him the upper hand. No one can match his ability to hire legal firepower.
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