1.3 billion Lottery Expected

[Nbadan]

REAKING: Lottery officials say there were NO winner in tonight's Powerball
Source: CNBC


BREAKING: Lottery officials say there were NO winner in tonight's Powerball, jackpot now at record $1,300,000,000


Read more: http://www.cnbc.com/2016/01/10/no-winner-for-the-900m-powerball-jackpot-wednesdays-draw-worth-13b.html

[MultiTroll]

If one chooses to take the lump sum (I would), the amount is immediately lowered by 30%.
Fed taxes are like an additional 30%.
State taxes vary with New York being among the worst. Yet an additional 11%.

60% + is taxed. :wow
70% depending on which state you live in.

I'm sure we would all happily take the remaining 350 - 450 million but I mean fark,

Where is all this tax revenue going to?

[01Snake]

Whenever it gets up over $500M, it sure seems like like there are multiple winners most of the time. Now you've got nobody winning with all these people playing??? Screams rigged to me.

[Buddy Mignon]

There is a fucked up state out there that is giving IOU's for their lottery. Someone should be murdered for that shit.

[InRareForm]

From what I hear at this point... a winning lotto ticket will happen 66% of the time on these drawings. How many times in a row will 34% no winner continue ?

[Mitch]

That's almost 500,000,000 for winning in CA after taxes, pretty crazy. I probably will get a few numbers, fuck it

[DMC]

Imagine the income tax statement you could post here along with some pics of skinny whores tied up in tract home attics to show what an apex predator you are.

[Xevious]

Jesus... guess I'm buying some tickets again.

[baseline bum]

If one chooses to take the lump sum (I would), the amount is immediately lowered by 30%.
Fed taxes are like an additional 30%.
State taxes vary with New York being among the worst. Yet an additional 11%.

60% + is taxed. :wow
70% depending on which state you live in.

I'm sure we would all happily take the remaining 350 - 450 million but I mean fark,

Where is all this tax revenue going to?

Well it's not $1.3 billion in today's dollars, I always think it's retarded when they present it as some dollar amount today when you're really winning an annuity.

[djohn2oo8]

As long as Cully don't win. Tee, hee.

[Kim Jong-il]

If one chooses to take the lump sum (I would), the amount is immediately lowered by 30%.
Fed taxes are like an additional 30%.
State taxes vary with New York being among the worst. Yet an additional 11%.

60% + is taxed. :wow
70% depending on which state you live in.

I'm sure we would all happily take the remaining 350 - 450 million but I mean fark,

Where is all this tax revenue going to?

https://www.youtube.com/watch?v=9PK-netuhHA

[DMX7]

Well it's not $1.3 billion in today's dollars, I always think it's retarded when they present it as some dollar amount today when you're really winning an annuity.

I agree. Technically, you are getting those dollars so they can advertise it as such but they won't be worth what they are today assuming inflation occurs.

[UZER]

Well it's not $1.3 billion in today's dollars, I always think it's retarded when they present it as some dollar amount today when you're really winning an annuity.


I agree. Technically, you are getting those dollars so they can advertise it as such but they won't be worth what they are today assuming inflation occurs.

Isn't there a cash option?

[UNT Eagles 2016]

There's a cash option, right? I need the money now

[Aztecfan03]

There's a cash option, right? I need the money now
fucking hate those j.g. wentworth commercials.

[I. Hustle]

If I win tomorrow. Nobody will ever know. I will wait a couple of months then give a full two weeks notice at work claiming to have found employment elsewhere.
I wouldn't be out buying lambos and RRs. I'd go as far as a Denali or something similar. I would fix up my house while building my new one so that it just looked like I was doing some renovations.
I'd be as sly as a mufugga

[ColinB]

Don't you have to go public if you win? I do not know if the bill was ever passed that allowed you to remain anonymous. I guess you could claim through a trust.

[I. Hustle]

Don't you have to go public if you win? I do not know if the bill was ever passed that allowed you to remain anonymous. I guess you could claim through a trust.

You only have to go public in some states. You can get around it by using a trust or LLC.
If they make me tell everyone that I won, then I'll go El Chapo on them and dig a tunnel under my house.

[ColinB]

Yeah, I would hate to go public. Might as well just kill me.

[I. Hustle]

Is that what they are after? I mean, why would they want you to go public knowing the trouble all that money would bring your way?

[baseline bum]

Is that what they are after? I mean, why would they want you to go public knowing the trouble all that money would bring your way?

Don't they want you to do the stupid press conference where you tell the world how dreams really do come true? If I ever won I'd do that press conference with a bottle of St Ides in each hand flanked by an entourage of hookers.

[I. Hustle]

Don't they want you to do the stupid press conference where you tell the world how dreams really do come true? If I ever won I'd do that press conference with a bottle of St Ides in each hand flanked by an entourage of hookers.

I'd eat a bunch of powdered donuts and go out there looking like Tony Montana. Then I would just stare at some random person in the crowd. Maybe with a stained wifebeater, cutoff jeans and a trucker hat that says "I'd rather be bonin'"

[MultiTroll]

Anyone want to go in 1 million free and clear for the other?

I have two tickets.

[Mitch]

:lol if the next two draws are a loss then a single winner might be a legitimate billionaire after taxes. I'd say it was rigged if it got that high, though.

[TDMVPDPOY]

i read that australians can also buy tickets in this lottery cause they operate in australia also

but the problem is it costs $2 minimum in US to play a game, but htf is it $10 for one game down here ... and y es still have to pay taxes in america, but can the winner claim that back in australia...lol aussie govt would not allow 400m tax credit

[Xevious]

If I win tomorrow. Nobody will ever know. I will wait a couple of months then give a full two weeks notice at work claiming to have found employment elsewhere.
I wouldn't be out buying lambos and RRs. I'd go as far as a Denali or something similar. I would fix up my house while building my new one so that it just looked like I was doing some renovations.
I'd be as sly as a mufugga
That much money, you'd need a lawyer and financial advisor in place before you go claim your winnings. And yeah, telling anybody other than your spouse is probably the worst thing you could do right off the bat.

[Nbadan]

My suspicion is that you can choose to remain anonymous and just give a general description like 'a waitress in San Antonio" or 'a trust in Lubbock'....shit with that much money you can buy your own fucken reporter..

[I. Hustle]

That much money, you'd need a lawyer and financial advisor in place before you go claim your winnings. And yeah, telling anybody other than your spouse is probably the worst thing you could do right off the bat.

I already have a couple of lawyer buddies that I have known for about 12 years. I would go with them to help their families out and maybe even make them my full time lawyers. Def get a financial advisor though.

[InRareForm]

Cubans advice is sound tbh...

[Spurminator]

I'd pay Ted Cruz enough to turn full Socialist Liberal, just to fuck with people.

[baseline bum]

I'd pay Ted Cruz enough to turn full Socialist Liberal, just to fuck with people.

Should pay Hillary to turn liberal too.

[Spurminator]

She might be out of my price range.

[InRareForm]

Chimp hills California winner

[TDMVPDPOY]

wtf 1 winner only...

how much was 2nd division and how many winners?

[RD2191]

https://mobile.twitter.com/CloudN9neSyrup?ref_src=twsrc%5Egoogle%7Ctwcamp%5Es erp%7Ctwgr%5Eauthor

[Reck]

Heard someone from Philly won it, too.

[StrengthAndHonor]

WTF Chino Hills? They have one of the higher per capita in the US :lol

[TDMVPDPOY]

i read the news the shop owner only gets $1m commission bonus for selling the winning ticket....

[benefactor]

Looking like 3 people. All 3 will still walk away with like 200 million after taxes.:lol

[mrsmaalox]

i read that australians can also buy tickets in this lottery cause they operate in australia also

but the problem is it costs $2 minimum in US to play a game, but htf is it $10 for one game down here ... and y es still have to pay taxes in america, but can the winner claim that back in australia...lol aussie govt would not allow 400m tax credit

I read an article about this yesterday; people in China are getting $10 Powerball tickets from 2nd parties. This Powerball is active in 44 states and tickets can only be legally bought in those 44 states. Tickets being sold outside of the US are counterfeit or have been resold, which is illegal. Anyone claiming a jackpot from out of the USA will have to prove they personally bought their ticket in a participating state.

[Reck]

I read an article about this yesterday; people in China are getting $10 Powerball tickets from 2nd parties. This Powerball is active in 44 states and tickets can only be legally bought in those 44 states. Tickets being sold outside of the US are counterfeit or have been resold, which is illegal. Anyone claiming a jackpot from out of the USA will have to prove they personally bought their ticket in a participating state.

What were the 6 states that got screwed out of this? I'm assuming one of them is Alaska.

[TDMVPDPOY]

I read an article about this yesterday; people in China are getting $10 Powerball tickets from 2nd parties. This Powerball is active in 44 states and tickets can only be legally bought in those 44 states. Tickets being sold outside of the US are counterfeit or have been resold, which is illegal. Anyone claiming a jackpot from out of the USA will have to prove they personally bought their ticket in a participating state.

yeh the idiot journalists updated the article the following day the tickets were counterfeit and wont be honored

but the week b4 it rise to 1.3b in america, down here powerball jackpot to start the new year was around 70m, 1 winner....

[CosmicCowboy]

http://cdn.happyplace.com/assets/images/2012/11/50b688500c58f.jpg

[DMX7]

http://cdn.happyplace.com/assets/images/2012/11/50b688500c58f.jpg

The lottery should be for people who can afford it, so essentially it should be a form of pure entertainment. Sadly, there are poor people who are using this almost as an investment strategy.

[Aztecfan03]

The lottery should be for people who can afford it, so essentially it should be a form of pure entertainment. Sadly, there are poor people who are using this almost as an investment strategy.

i was a little tempted to play with the 1.5 billion, but fuck that. I don't have money to throw away.

[Biernutz]

I had my trip to pick up my Power Ball check all planned......

http://i210.photobucket.com/albums/bb270/systime/Gifffs1234/mr.-bean_zpsrczjgwml.gif