People who are bad at math, in here.

[lincolnboy]

Travel to every corner of the world.

but the spheres dont have corners

[fitzwell]

Move to Montana, buy me a dental floss ranch & a couple of pygmy ponies...

[Baron Von Crowder]

but the spheres dont have corners

then he'll have a hell of a time while looking for them.

[slow99]

Holy fuck balls, no wonder I don't play any of these stupid games. I was going to question your math, but I know better. That's pretty damn sad for these morons that spend money on that scam...

Not to mention that these "mega" & "powerball" games pay graduated annual payments. When you select the cash value the sum you receive is even smaller than the other games. Look at it now, the cash value is about 50-55% of the jackpot. Something like the Texas Lottery, the number is 62-65%.

Taking 30 payments of $19,533,000 and calculating a PV of $316.5 MM implies a discount rate of 4.73%. Awfully high when you consider the 10 and 20 year Treasury rates are currently 2.9% and 3.6%, respectively.

[Rick Modena]

Not to mention that these "mega" & "powerball" games pay graduated annual payments. When you select the cash value the sum you receive is even smaller than the other games. Look at it now, the cash value is about 50-55%of the jackpot. Something like the Texas Lottery, the number is 62-65%.

Taking 30 payments of $19,533,000 and calculating a PV of $316.5 MM implies a discount rate of 4.73%. Awfully high when you consider the 10 and 20 year Treasury rates are currently 2.9% and 3.6%, respectively.

[Ted]

Not to mention that these "mega" & "powerball" games pay graduated annual payments. When you select the cash value the sum you receive is even smaller than the other games. Look at it now, the cash value is about 50-55% of the jackpot. Something like the Texas Lottery, the number is 62-65%.

Taking 30 payments of $19,533,000 and calculating a PV of $316.5 MM implies a discount rate of 4.73%. Awfully high when you consider the 10 and 20 year Treasury rates are currently 2.9% and 3.6%, respectively.

It has to be cheaper to get it and blow it all now, instead of JG Wentworth taking their cut to give you a "payout" later on when needed.

[slow99]

It has to be cheaper to get it and blow it all now, instead of JG Wentworth taking their cut to give you a "payout" later on when needed.

What I'm saying is that these mega games have extended the payout period and back-end loaded the payments (graduated payments) to allow themselves to advertise bigger jackpots and attract more $$.

It's the opposite of discounting back to present value ... they know that they will have x dollars of cash inflow (sales). By extending payments out to 30 years from 20 and graduating payout amounts you can advertise a larger jackpot - the cash value today supports a larger advertised jackpot annuity because it gets to compound longer and the amounts are back-end loaded.

It's neither here nor there really due to the astronomical odds, just something I've noticed.

Fyi, JG Wentworth shouldn't be in business - I can walk to any commercial or I-bank that offers derivative products and do exactly what they're doing without the ass-raping of a fee.

[Country cracker]

It's my money and I want it now!

[71chevellejohn]

I'm waiting until it gets really high before I buy in.

[ELVIS]

everyone of you is gonna be sucking dammitsteves ass when he hits it big!

god bless.

[slow99]

everyone of you is gonna be sucking dammitsteves ass when he hits it big!

god bless.

He's holding out for the $1000 a week prize.

[Nash B.]

Fyi, JG Wentworth shouldn't be in business - I can walk to any commercial or I-bank that offers derivative products and do exactly what they're doing without the ass-raping of a fee.

Yeah, but you have awesome credit. Besides, how many banks advertise that between 9 and 5 on weekdays?

[slow99]

Yeah, but you have awesome credit. Besides, how many banks advertise that between 9 and 5 on weekdays?

It's a swap.
When I said that it shouldn't exist, I don't mean anyone on the street could walk in and do it. I mean that I believe an opportunity exists for a business to come in and offer that service and drive business away from JG.

[Nash B.]

Touché.

[BLAKE]

I've always thought if I got filthy rich, I'd build my own circuit track with a 1/4 mile track in the middle and build about 20 houses around it and a giant community shop. Have my own private track country club and all of my friends could use the houses as weekend retreats. Hire a small team of track/shop/landscaping guys to maintain it. It'd be rad.