With No Powerball Winners, Jackpot Grows to Estimated $1.3 Billion

[Grimpala]

Those of you with school age kids, what would you do about their schooling? Would you hire in house teaching, or send them to an elite private school?

[trailerparksuperstar]

This is the house I've been eyeballing ever since this lottery deal started a week ago, of course this would be in addition to a turn key high fence game ranch.

http://www.realtor.com/realestateand...4_M82362-27641

Very nice, but no cowskin rugs?

[Tyrone Biggums]

Home school until I got shit figured out. No one in my immediate household would leave my sight until the dust settled and things were in place. I'm thinking it would be a very slow process. Win, tell no one, wait a few weeks while quietly finding an attorney or two, lots of research, keep going to work then put in notice saying we've decided to move to (make up some shit). Once the daily grind is over, keep taking steps to create a buffer zone between your life and people you communicate with regularly and the public in general. Basically, disappear as much as possible before actually coming forward. I would probably even go as far as selling my house, stopping all non-electronic correspondence, and find non-documented temporary housing beforehand. I would use as much of the time you have before coming out as possible. I need to stop here before my brain explodes.

[GrayStangGT]

Very nice, but no cowskin rugs?

I was thinking more like Zebra skin.

[Tremor14]

One of my racing acquaintances hosted a fajita party one night at his house, roughly 100 folks were there, he had a mariachi band, tubs of beer, and obviously a bunch of fajitas. His caterer didnt show, so I stepped up and helped prep and serve. I asked him later while he was thanking us for helping out what possessed him to put this on, and he said "sometimes, you need to just blow some cash"

I didnt really get it, till I found out this single guy owns a "commercial landscape" company, and they do big stuff, like cobblestone streets for cities and such. I dont know how much he's worth, and certainly not as much as the builder of the above house, but he's pretty damn well off.

one of our piping insulators is like that. he's probably 45-50, single, no kids, and owns the company. we were out one night with a few co workers and ran into him with a gang of bitches (at least 6) all with him solely.

He invited us out the next day to go out on his boat. MF had 8 more different bitches on this 36' boat. I was so damn jealous.

[Strychnine]

Let's pool our cash.

How to Guarantee Yourself the Jackpot in the Biggest Lottery Ever—In Theory, Anyway

People scooped up 440 million tickets at $2 a pop for Saturday night, with the hope of winning a cool $949.9 million in the multistate Powerball lottery. Nobody won. The jackpot is now a whopping $1.5 billion, the biggest U.S. jackpot ever, and will likely keep growing until the next draw Wednesday. Lottery fever is here.

The jackpot has passed a different threshold, too: The cash value of the jackpot is now larger than the cost of buying every single ticket. You heard that right. You can guarantee yourself the jackpot in the biggest lottery ever.

Well, that’s the simple answer, anyway. The reality is more tricky.

The primary problem to consider is cash you’ll need up front. With odds of 1 in 292,201,338 for the jackpot, it means you would need $584.4 million to play every combination. Do you have some rich and/or smart friends? Voltaire did, and in the 18th century he joined a group of entrepreneurs and bought up a French government-sponsored lottery. If you can get together the money, you’re one step closer to dreams of greater fortune (and a story about you in The Wall Street Journal).

It’s very easy to dream big, but you need to think small. There are some niggling practicalities that might get in the way. First, you need to purchase every ticket. If you’re doing this in New York, for example, you’re going to have to find a string of bodegas to buy your tickets. Each play slip has space for five games, so you would need a stack of over 58 million to fill out. You could probably do this with a printer, a lot of ink, and a computer program to fill in your choices of number.

Powerball sales are allowed almost all day, save for a brief period leading up to the draw, and a brief period overnight, using New York State as an example. This gives you the time between draws to buy all your tickets—four days in total.You would have to buy tickets at an eye-watering 172.7 play slips per second. Don’t forget you have to hand over every single one, since it’s not possible to buy in bulk or automate the purchase of Powerball tickets. A spokesperson for the New York State Gaming Commission says that a transaction should take “no more than three seconds.” At that pace, you’re going to need access to 519 terminals simultaneously to process your tickets.

But let’s say you manage to pull this off. It’s Wednesday evening, and you’re sitting (surrounded by piles and piles of tickets) safe in the knowledge that you’re going to win. How much would you win? The combination of the $930 million cash jackpot, the increase in the size of the jackpot from your own ticket purchases (around an extra $118 million), along with winning every possible smaller prize (only an extra $93.5 million) puts the take over $1 billion. Congratulations! You were already a one percenter to begin with, but now you’re really rich.

But there’s more! Did you know you can write off the losing tickets as gambling losses? You spent about $560.9 million on losing tickets, after all. Since that’s less than your total prize money, you can write it off. Your taxable income for 2016, assuming no other income since you probably won’t work again, would be $580.3 million. The federal tax would be $229.8 million, so your winnings would be worth $327 million—a return on investment of 36%.

There is one huge risk to this scheme, though. Someone else might win the jackpot, and then you’ll have to share. If one other person matches all of the numbers, you go from a profit of $327 million to a much smaller win of $10.6 million. If the pot splits three or more ways, you’ll start to lose lots of money from your scheme. And with so many players buying tickets for this draw, there could be dozens of winners to carve up your prize. It’s happened before, though luckily for the winners, it was for jackpot they didn’t have to split: In 2005, a fortune cookie foretold the correct numbers for a second-place prize, and 110 people won.

But, hey, risking a few (million) dollars on the lottery is part of the fun, right?

[DON SVO]

Home school until I got shit figured out. No one in my immediate household would leave my sight until the dust settled and things were in place. I'm thinking it would be a very slow process. Win, tell no one, wait a few weeks while quietly finding an attorney or two, lots of research, keep going to work then put in notice saying we've decided to move to (make up some shit). Once the daily grind is over, keep taking steps to create a buffer zone between your life and people you communicate with regularly and the public in general. Basically, disappear as much as possible before actually coming forward. I would probably even go as far as selling my house, stopping all non-electronic correspondence, and find non-documented temporary housing beforehand. I would use as much of the time you have before coming out as possible. I need to stop here before my brain explodes.

I told my wife she would be lucky to ever find out I had won. My idea involves a good attorney, a good CPA, creating an LLC to claim the ticket under (30-60 days after winning), telling the wife I got a new job, creating even-money trust funds for all family members (no one gets more or less) and spending the majority of my time at "work" (physical location I set up for the LLC with lifts/air/tools/space, indoor golf simulator, humidor, wet bar, etc) and... if things go correctly after a few years... I might tell her what happened.

End game is that all family and wife think I got a new job, doing well at it, (story involves progressing rapidly to become manager then GM then RVP then VP then finally a name partner with equity) and it takes a few years to roll the bigger money into the picture. I wouldn't do anything outrageous for what I project as my "level of living" and hopefully there's never an issue.

Scary version: If someone finds out I hit the lottery and it goes public, all bets are off. I'm dead serious when I say I would disappear. Leaving the country wouldn't be out of the question. Neither would a divorce, for interests of legally splitting the winnings and leaving me with an untouchable half of the after-tax take.

[Mike]

I would buy a six pack of Natty Light!

[Baron Von Crowder]

I would buy a six pack of Natty Light!

In oklahoma? so... water?

[bcoop]

In oklahoma? so... water?

Not if you get it at the licka stoe!

[Mike]

In oklahoma? so... water?

That's what I said.

[46Tbird]

Let's pool our cash.

Buying all of the possible lotto number combinations has happened before.

Well, almost. They only got 80% of the numbers bought but still managed to win the drawing. Here's the story as told by Wikipedia:

"In a 6/36 lottery, the odds of matching all six numbers and winning the jackpot are 1 in 1,947,792. At Lotto's initial cost of £0.50 per line, all possible combinations could be purchased for £973,896. This left Lotto vulnerable to a brute force attack, which happened when the jackpot reached £1.7 million for the May 1992 bank holiday drawing. A 28-member Dublin-based syndicate, organized and headed by Polish-Irish businessman Stefan Klincewicz, had spent six months preparing by marking combinations on almost a quarter of a million paper playslips. In the days before the drawing they tried to buy up all possible combinations and thus win all possible prizes, including the jackpot.

The National Lottery tried to foil Klincewicz's plan by limiting the number of tickets any single machine could sell, and by turning off the terminals his ticket purchasers were known to be using heavily. Despite its efforts, the syndicate did manage to buy over 80 percent of the combinations, spending an estimated £820,000 on tickets. It had the winning numbers on the night, but two other winning tickets were also sold, so the syndicate could claim only one-third of the jackpot, or £568,682. Match-5 and match-4 prizes brought the syndicate's total winnings to approximately £1,166,000, representing a profit of approximately £310,000 before expenses. Klincewicz later appeared on the television talk show Kenny Live and wrote a self-published lottery-system book entitled Win the Lotto.

To prevent such a brute force attack from happening again, the National Lottery changed Lotto to a 6/39 game later in 1992, raising the jackpot odds to 1 in 3,262,623."

Here's some more info: http://www.independent.co.uk/news/ho...y-1322272.html

[Grimpala]

I would buy a six pack of Natty Light!

You aint gotta be a millionaire to buy a sixer of natty light, hell look at my cousin, he's broke and drunk as shit.

[ELVIS]

I'd be dead or at least have full blown aids within 24hrs of winning that much money.

god bless.

[Craizie]

I'd be dead or at least have full blown aids within 24hrs of winning that much money.

god bless.

If I win I'm going to fly in every single miss universe contestant ( current ) and line em up for the most disappointing sex they've ever had.