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Old 03-28-2012, 04:43 PM   #15
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Well, I'm going to be generous here.

If I win the lottery, I would buy & give away 5 ZL1's to some Camaro5 members to be determined through some contest. You all can hold me to that!
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Old 03-28-2012, 04:46 PM   #16
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If I Win I will pick a lucky Camaro 5 Member and buy them their Dream Camaro! ,lol.
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Old 03-28-2012, 04:50 PM   #17
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Originally Posted by Steve Dallas View Post
Well, I'm going to be generous here.

If I win the lottery, I would buy & give away 5 ZL1's to some Camaro5 members to be determined through some contest. You all can hold me to that!
that sounds awesome
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Old 03-28-2012, 04:58 PM   #18
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buying 80 tickets tonight.
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Old 03-28-2012, 04:58 PM   #19
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Can anyone break down what percent they actually give you. I know my cousin won 1.5 Million dollars and he didn't even end up with 1 million.
the percentage is dependant on the state you bought the ticket and their tax laws.
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Old 03-29-2012, 09:22 AM   #20
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the percentage is dependant on the state you bought the ticket and their tax laws.
Just assume a good chunk of the winnings will be taxed. Either way, still a ton of money that gets handed to you
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Old 03-29-2012, 09:24 AM   #21
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I missed it by 5 frickin numbers, so close. I'll try again, thats some serious cash, if it isn't hit friday, be close to over 600 million.
I missed it by 5, too!!
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Old 03-29-2012, 09:48 AM   #22
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Just assume a good chunk of the winnings will be taxed. Either way, still a ton of money that gets handed to you
The way I understand "500MM with a 359.4MM cash value." is that means if you have the sole winning ticket you can choose to take the 500MM as an annuity over a 20 or 25 year term, whatever it is. The annuity is then taxed at the going rate of that tax year.

Or, if you choose the 359.4MM cash option, you pay all the taxes up front. I figure 50% where I live, but this will vary by state, county, city, etc depending on where you live.

That leaves about 180MM, aka a boatload of cash for the winner, no matter how you look at it!
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Old 03-29-2012, 09:55 AM   #23
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I don't usually play, but when it gets this high it usually HAS to payout.

The machines know what numbers are in play on all the tickets, and normally avoids picking a winning combination, however when there's a LOT of numbers in play, it can't avoid them, so it has to payout.

You have as much chance of getting hit by a meteor as you do winning this thing, even if you buy $100-200 worth of tickets.

.. I bought some anyway.

a number approaching 0 is still better than 0 in the game of odds.

If I win.. hrmm.. well I'd pay off all my debts, my parents debts, my friends debts, set up a college fund for my friends new baby, build a new house for myself on a lot of land (with a nice shop of course ) keep my current home and transfer ownership to an LLC to rent out, buy every house for sale in my neighborhood and transfer them to the LLC, look at other homes in the region for residential rent, then venture out into vacation rentals in Tennessee, florida, and SC as part of that same company.

I'd probably invest a large portion of it as well into commercial warehousing rental property, and of course diversify into non real-estate assets like percious metals, stocks bonds etc.

I would try to shore up the LLC to become profitable and live off of that, plus any benefits that return from my other investments, and save the rest for retirement.
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Old 03-29-2012, 10:12 AM   #24
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Quote:
Originally Posted by DarkFox1 View Post
I don't usually play, but when it gets this high it usually HAS to payout.

The machines know what numbers are in play on all the tickets, and normally avoids picking a winning combination, however when there's a LOT of numbers in play, it can't avoid them, so it has to payout.

You have as much chance of getting hit by a meteor as you do winning this thing, even if you buy $100-200 worth of tickets.

.. I bought some anyway.

a number approaching 0 is still better than 0 in the game of odds.

If I win.. hrmm.. well I'd pay off all my debts, my parents debts, my friends debts, set up a college fund for my friends new baby, build a new house for myself on a lot of land (with a nice shop of course ) keep my current home and transfer ownership to an LLC to rent out, buy every house for sale in my neighborhood and transfer them to the LLC, look at other homes in the region for residential rent, then venture out into vacation rentals in Tennessee, florida, and SC as part of that same company.

I'd probably invest a large portion of it as well into commercial warehousing rental property, and of course diversify into non real-estate assets like percious metals, stocks bonds etc.

I would try to shore up the LLC to become profitable and live off of that, plus any benefits that return from my other investments, and save the rest for retirement.
Absolutely!
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Old 03-29-2012, 10:19 AM   #25
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Darkfox1,

The machines pick a completely RANDOM set of numbers. What numbers are in play has no bearing on whether someone wins or not.

Now, with more people buying tickets, that just means that there is more of a chance that a winning ticket will match numbers that have been picked.

Just don't pick the numbers from Lost. A higher percentage of people pick those numbers, just because they think it's cool.
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Old 03-29-2012, 10:28 AM   #26
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Darkfox1,

The machines pick a completely RANDOM set of numbers. What numbers are in play has no bearing on whether someone wins or not.

Now, with more people buying tickets, that just means that there is more of a chance that a winning ticket will match numbers that have been picked.

Just don't pick the numbers from Lost. A higher percentage of people pick those numbers, just because they think it's cool.
What is Lost?
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Old 03-29-2012, 10:30 AM   #27
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Can anyone break down what percent they actually give you. I know my cousin won 1.5 Million dollars and he didn't even end up with 1 million.
Assume about 1/3 if you take the cash option and get dinged with 35% income tax.

So about $170m in the bank based on $500m.
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Old 03-29-2012, 10:45 AM   #28
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Does this ring a bell?

4, 8, 15, 25, 47, 42

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