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Getbig Main Boards => Gossip & Opinions => Topic started by: Mick33 on March 25, 2011, 06:37:12 AM

Title: Mega Millions....
Post by: Mick33 on March 25, 2011, 06:37:12 AM
Is at a jackpot of $312,000,000.00. Would you take the cash option of $198,000,000.00 or go for the 26 year payout of a steady $12,000,000.00? That's a tough call! The temptation to blow huge portions if you took the one time payout would be pretty tough to resist, but the security of knowing that you will be netting almost $8mm a year for the next 26 years is pretty satisfying! This is obviously for the Getbiggers who do not already net $8mm per year.
Title: Re: Mega Millions....
Post by: polychronopolous on March 25, 2011, 06:39:07 AM
Yeah because receiving 198 million dollars would not provide enough financial "security"  ::)
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 06:41:47 AM
One shot payout.
.....gonna make serious intrest on that much money in the bank anyway.
Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 06:43:22 AM
Of course it would, but then sitting there everyday thinking, "Well if I invest $40mm and make 10%....", before long one/I might have blown $198mm! I would go with the cool $12mm every year.
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 06:45:05 AM
Of course it would, but then sitting there everyday thinking, "Well if I invest $40mm and make 10%....", before long one/I might have blown $198mm! I would go with the cool $12mm every year.


I'd be dead by the time I blew all that cash.


.....would of had a great time along the way :)
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 06:45:53 AM
I'd take the 26 yr pay out .. easy peasy choice for me to make ... no need IMO to get a huge lump sum .. $1 M a year is a lot of money so more than that is sounding great to me
Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 06:47:16 AM
I'd take the 26 yr pay out .. easy peasy choice for me to make ... no need IMO to get a huge lump sum .. $1 M a year is a lot of money so more than that is sounding great to me

I agree, I would go hog wild buying cheap real estate, and then when I sobered up, I would be broke with a bunch of real estate I cannot sell for the next 5-10 years.
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 06:54:29 AM
I'd take it all up front.this way when I die I can leave whats leftover to family and friends.


....the payments stop coming when you die.
Title: Re: Mega Millions....
Post by: Natural Man on March 25, 2011, 06:57:00 AM
i wouldnt know what to do with so much money lol.
Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 06:58:28 AM
I'd take it all up front.this way when I die I can leave whats leftover to family and friends.


....the payments stop coming when you die.

That is shitty, I did not know that. Well then up front for me then.
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 07:00:24 AM
getting that much money is no guarantee for happyness either
Title: Re: Mega Millions....
Post by: 225for70 on March 25, 2011, 07:01:37 AM
I'd take the lump sum payout....


However, i don't have any chance to win the lotto...I never play....
Title: Re: Mega Millions....
Post by: Grape Ape on March 25, 2011, 07:02:41 AM
Why let them earn interest on your money?

You take the payout, without question.  Even if you averaged only a 2% gain each year, you make more than the payout.
Title: Re: Mega Millions....
Post by: Marty Champions on March 25, 2011, 07:09:47 AM
I agree, I would go hog wild buying cheap real estate, and then when I sobered up, I would be broke with a bunch of real estate I cannot sell for the next 5-10 years.

same here, id by realestate and have hookers help me paint and video tape it all
Title: Re: Mega Millions....
Post by: Marty Champions on March 25, 2011, 07:10:47 AM
id also pay some people in the know to attain the knowledge of the mysteries of the sphinx and be shown the master texts
Title: Re: Mega Millions....
Post by: bigkid on March 25, 2011, 07:13:57 AM
I'd take the one time payout. Most of these morons can't handle it bc they don't come from money.
Title: Re: Mega Millions....
Post by: dr.chimps on March 25, 2011, 07:14:40 AM
Lump sum. No brainer. That's a lot of FuckU money.
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 07:17:19 AM
some very rich people manage to end up broke its unbelievable what kind of morons this world inhibits.
Title: Re: Mega Millions....
Post by: El Diablo Blanco on March 25, 2011, 07:17:49 AM
I'd take it all up front.this way when I die I can leave whats leftover to family and friends.


....the payments stop coming when you die.


This is completely incorrect.  The payments are guaranteed and you can have them continue paying to a trust or someone can inherit the payments. You can transfer the payments to anyone at anytime.

There are companies out there that will buy people out of their payments.  Say you have 10 years and $1 mill per year still coming, they'll offer you $3 million up front to take over the payments.

1.Mega Million lottery and most others can be inherited in annuity payout form. So for estate tax purposes, it is really important whose name is on the ticket when you claim the prize. If you do it right, you can set up a trust before you claim the prize, making the trust as the owner, and work toward getting the money out of your estate.
Title: Re: Mega Millions....
Post by: Doug_Steele on March 25, 2011, 07:18:29 AM
Lump sum. No brainer. That's a lot of FuckU money.

How much is Canada worth?? About 10 Million.  ;D ;D
Title: Re: Mega Millions....
Post by: Meso_z on March 25, 2011, 07:19:30 AM
getting that much money is no guarantee for happyness either
I wouldnt mind having $312,000,000.00 in the bank big guy.
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 07:21:04 AM
I'd take it all up front.this way when I die I can leave whats leftover to family and friends.


....the payments stop coming when you die.

Don't you think you'll be giving a lot to your family and friends before you die ? Anytime I've read about lottery winners they always say people line up with their hands out wanting some "help" ... I'm not keen on putting a huge sum of money into a bank that will make profit .. sure the interest would be an advantage .. but the banks don't just babysit your money for free .. I'd much rather choose who and what I spend my money on and not just allow someone else to gain from it

http://www.flixya.com/blog/278620/How-Banks-Use-Your-Money-To-Make-New-Money
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 07:22:03 AM

This is completely incorrect.  The payments are guaranteed and you can have them continue paying to a trust or someone can inherit the payments. You can transfer the payments to anyone at anytime.

There are companies out there that will buy people out of their payments.  Say you have 10 years and $1 mill per year still coming, they'll offer you $3 million up front to take over the payments.

1.Mega Million lottery and most others can be inherited in annuity payout form. So for estate tax purposes, it is really important whose name is on the ticket when you claim the prize. If you do it right, you can set up a trust before you claim the prize, making the trust as the owner, and work toward getting the money out of your estate.



Did not know.but why go through all that hassle.just take the money and make a will...done!

....and I thought you quit GB anyway >:(
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 07:22:34 AM
I wouldnt mind having $312,000,000.00 in the bank big guy.

i would pay you a surprise visit then.
Title: Re: Mega Millions....
Post by: DroppingPlates on March 25, 2011, 07:25:47 AM
some very rich people manage to end up broke its unbelievable what kind of morons this world inhibits.
Esp poor people with a low IQ who became rich quickly, like lotto winners, drug dealers and rappers. If you can't deal with wealth, you don't deserve it.
Title: Re: Mega Millions....
Post by: Meso_z on March 25, 2011, 07:25:55 AM
i would pay you a surprise visit then.
(http://skinnymoose.com/wildlifefiles/wp-content/uploads/2010/12/shotgun.jpg)
(http://oldtimeangler.tripod.com/index/pictures/WR_shotgun_ammo.jpg)
Title: Re: Mega Millions....
Post by: Grape Ape on March 25, 2011, 07:26:31 AM
I'd much rather choose who and what I spend my money on and not just allow someone else to gain from it

http://www.flixya.com/blog/278620/How-Banks-Use-Your-Money-To-Make-New-Money

Someone else will gain on it either way: either the big bad bank or the big bad government.  On both options, one of these makes the money off your money, but only you gain maximum earnings on the lump sum.  It really shouldn't even be a question.
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 07:27:24 AM
Esp poor people with a low IQ who became rich quickly, like lotto winners, drug dealers and rappers. If you can't deal with wealth, you don't deserve it.

tyson comes up in me
Title: Re: Mega Millions....
Post by: dr.chimps on March 25, 2011, 07:28:35 AM
How much is Canada worth?? About 10 Million.  ;D ;D
As of now:

198,000,000.00 USD    =    193,215,742.70 CAD

And my first FU bought with the cash will be to my buddy, Doug.     ;D
Title: Re: Mega Millions....
Post by: Doug_Steele on March 25, 2011, 07:30:41 AM
As of now:

198,000,000.00 USD    =    193,215,742.70 CAD

And my first FU bought with the cash will be to my buddy, Doug.     ;D

I would buy Canada and turn it into a "Crocodile Dundee" type of environment, but with Hockey Sticks too.
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 07:30:47 AM
Don't you think you'll be giving a lot to your family and friends before you die ? Anytime I've read about lottery winners they always say people line up with their hands out wanting some "help" ... I'm not keen on putting a huge sum of money into a bank that will make profit .. sure the interest would be an advantage .. but the banks don't just babysit your money for free .. I'd much rather choose who and what I spend my money on and not just allow someone else to gain from it

http://www.flixya.com/blog/278620/How-Banks-Use-Your-Money-To-Make-New-Money

I would like to think that I'm a nice enough guy that I would take care of family and friends before I die.
198mil is a fokin lot of $.I wouldn't be able to spend all that before I die so I'd have to leave a will.


....and you'd better take the lump payment...do you think you're gonna have me live on an allowance ??? >:(
Title: Re: Mega Millions....
Post by: dr.chimps on March 25, 2011, 07:32:17 AM
I would buy Canada and turn it into a "Crocodile Dundee" type of environment, but with Hockey Sticks too.
That wouldn't take a lot of seed money.  ;D
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 07:37:34 AM
I would like to think that I'm a nice enough guy that I would take care of family and friends before I die.
198mil is a fokin lot of $.I wouldn't be able to spend all that before I die so I'd have to leave a will.

i think its a shame they give away that perverse amount of money. how cant they just make 198 people very happy with one million?
Title: Re: Mega Millions....
Post by: MORTALCOIL on March 25, 2011, 07:40:07 AM
In 26 years, inflation will have cut the value of the payout by more than 2. 198 millions can be invested in a very secure way with a return rate around 8-9%. The payout is for pussies who'd rather let someone else take responsabilities and also the real profits.
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 07:42:13 AM
i think its a shame they give away that perverse amount of money. how cant they just make 198 people very happy with one million?


People choose to buy the tickets.this may sound absurd but one millon would just put alot of people in debt by the time they spent it!
Title: Re: Mega Millions....
Post by: DroppingPlates on March 25, 2011, 07:44:54 AM

People choose to buy the tickets.this may sound absurd but one millon would just put alot of people in debt by the time they spent it!
That's how they roll in the U.S.; on the long term they spend more than they actually earn.
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 07:54:09 AM
I would like to think that I'm a nice enough guy that I would take care of family and friends before I die.
198mil is a fokin lot of $.I wouldn't be able to spend all that before I die so I'd have to leave a will.


....and you'd better take the lump payment...do you think you're gonna have me live on an allowance ??? >:(

I'm leaving civilization with all my money and going to live on my own island all by myself ... except for me and a few servants it will be uninhabited .. like Eden  :D

http://www.privateislandsonline.com/eden-beach.htm


(http://www.privateislandsonline.com/island_pics/sale/eden-beach-3.jpg)

Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 07:57:31 AM
I'm leaving civilization with all my money and going to live on my own island all by myself ... except for me and a few servants it will be uninhabited .. like Eden  :D

http://www.privateislandsonline.com/eden-beach.htm


(http://www.privateislandsonline.com/island_pics/sale/eden-beach-3.jpg)




Orly!


....and how do you plan on getting there ;) ;D
Title: Re: Mega Millions....
Post by: DroppingPlates on March 25, 2011, 07:57:42 AM
I'm leaving civilization with all my money and going to live on my own island all by myself ... except for me and a few servants it will be uninhabited .. like Eden  :D

http://www.privateislandsonline.com/eden-beach.htm


(http://www.privateislandsonline.com/island_pics/sale/eden-beach-3.jpg)


Dream on and get back to the kitchen, we want our chickin wings  >:(
Title: Re: Mega Millions....
Post by: Butterbean on March 25, 2011, 07:59:02 AM
One time payout.

Who knows what the dollar will be worth down the road...possibly nothing.

Also, what is the guarantee the lotto will still have anything to pay to you?  
Title: Re: Mega Millions....
Post by: Butterbean on March 25, 2011, 08:00:27 AM
I'm leaving civilization with all my money and going to live on my own island all by myself ... except for me and a few servants it will be uninhabited .. like Eden  :D



And dogs!

Also need access to an Island close by w/a superstore (for toilet paper and the like).
Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 08:04:25 AM
One time payout.

Who knows what the dollar will be worth down the road...possibly nothing.

Also, what is the guarantee the lotto will still have anything to pay to you?  If they go bankrupt, what are you going to sue them for? 

That is true too! Perhaps the one time payout is the way to go. I can get pretty carried away with spending though. I like to think I have learned my lessons, but that would be an all new kind of money. I could go up and down the street buying all the buildings next to the people I dislike and opening taverns that run from 7a.m. -3a.m., all with some sort of Germanic theme and beautiful college girls wearing lederhosen, then not let those people in! :D
Title: Re: Mega Millions....
Post by: muscularny on March 25, 2011, 08:19:36 AM
198 mil at 2% gives ya about 4 mil a year in interest, compounded over 30 years you will have 358,649,593.65 used this calc to get to this http://www.moneychimp.com/calculator/compound_interest_calculator.htm

obviously you will spend some money etc but Id say grab the money, because if you dont and in 5 years you want to cash out a lump sum it will cost ya a ton of money to get upfront money from places like jg wentworth.

Title: Re: Mega Millions....
Post by: jesusbod on March 25, 2011, 08:19:58 AM
Is at a jackpot of $312,000,000.00. Would you take the cash option of $198,000,000.00 or go for the 26 year payout of a steady $12,000,000.00? That's a tough call! The temptation to blow huge portions if you took the one time payout would be pretty tough to resist, but the security of knowing that you will be netting almost $8mm a year for the next 26 years is pretty satisfying! This is obviously for the Getbiggers who do not already net $8mm per year.

Most lottery rules state that if you take the 20 or so year payout is not transferable to surviving members of your family if you die. Take the lump sum.
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 08:21:28 AM

Orly!


....and how do you plan on getting there ;) ;D

Just like they put people to sleep for operations .. they can put me to sleep to fly me there  :P  ;D

And dogs!

Also need access to an Island close by w/a superstore (for toilet paper and the like).

I think I will get 4 ... all females .. and I will make arrangements for monthly shipments of necessities to be dropped onto a specially marked spot that one of my servants will carry back to the villa  .. they do that for remote areas in Alaska  :D
Title: Re: Mega Millions....
Post by: muscularny on March 25, 2011, 08:22:02 AM

i dont need a ferrari, 20M house is too big,



wonder how many people said that prior to coming into money then when they got it they changed.
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 08:33:40 AM
Just like they put people to sleep for operations .. they can put me to sleep to fly me there  :P  ;D

I think I will get 4 ... all females .. and I will make arrangements for monthly shipments of necessities to be dropped onto a specially marked spot that one of my servants will carry back to the villa  .. they do that for remote areas in Alaska  :D



Oh great!


....5 bitc :-X :-X :-X's living together :o ;D :D
Title: Re: Mega Millions....
Post by: newmom on March 25, 2011, 08:35:58 AM


Oh great!


....5 bitc :-X :-X :-X's living together :o ;D :D
::) ::) ::) ::)
Title: Re: Mega Millions....
Post by: Doug_Steele on March 25, 2011, 08:36:49 AM


Oh great!


....5 bitc :-X :-X :-X's living together :o ;D :D
::) ::) ::) ::)


Will there be sweaty pillow fights?  :D :o 8)

Title: Re: Mega Millions....
Post by: newmom on March 25, 2011, 08:37:56 AM
Will there be sweaty pillow fights?  :D :o 8)



yes, then we will skinny dip in the ocean
Title: Re: Mega Millions....
Post by: Doug_Steele on March 25, 2011, 08:38:28 AM
yes, then we will skinny dip in the ocean

Ohh yea!!  :D
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 08:41:02 AM


Oh great!


....5 bitc :-X :-X :-X's living together :o ;D :D

my servants will be male .. and I will pick out what they wear  8)
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 08:47:22 AM
::) ::) ::) ::)



Notice she didn't invite you....that island isn't big enough to get away from your non stop yapping!
Title: Re: Mega Millions....
Post by: newmom on March 25, 2011, 08:48:10 AM

Notice she didn't invite you....that island isn't big enough to get away from your non stop yapping!
>:( >:( >:( >:( >:( >:( >:( >:( >:( >:(

Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 08:50:11 AM

Notice she didn't invite you....that island isn't big enough to get away from your non stop yapping!

wait till you get those canolli's now .. hope you enjoy every bite  ;D
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 08:51:26 AM
my servants will be male .. and I will pick out what they wear  8)


Black Georgio Armani boxer briefs ;) ;D
Title: Re: Mega Millions....
Post by: newmom on March 25, 2011, 08:52:25 AM
wait till you get those canolli's now .. hope you enjoy every bite  ;D

only SS will get them now and I'm sending him white chocolate macadamia nut cookies because he plays nice nice, calvin does NOT.
Title: Re: Mega Millions....
Post by: Doug_Steele on March 25, 2011, 09:17:45 AM
only SS will get them now and I'm sending him white chocolate macadamia nut cookies because he plays nice nice, calvin does NOT.

I get hungry too.  8)
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 09:24:12 AM

Black Georgio Armani boxer briefs ;) ;D

no ... I'm a fan of sparkly thongs .. I am on Getbig ain't I ?
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 09:25:48 AM
no ... I'm a fan of sparkly thongs .. I am on Getbig ain't I ?


You don't get the joke ??? :(
Title: Re: Mega Millions....
Post by: w8m8 on March 25, 2011, 09:27:41 AM
only SS will get them now and I'm sending him white chocolate macadamia nut cookies because he plays nice nice, calvin does NOT.

that's just gonna make Clavin call him Fatchop even more now :-\


Clavin is trying to fit into his golf shorts on a diet so he can't have any  :D


You don't get the joke ??? :(

unh uh  ???
Title: Re: Mega Millions....
Post by: dr.chimps on March 25, 2011, 09:29:07 AM
That is true too! Perhaps the one time payout is the way to go. I can get pretty carried away with spending though. I like to think I have learned my lessons, but that would be an all new kind of money. I could go up and down the street buying all the buildings next to the people I dislike and opening taverns that run from 7a.m. -3a.m., all with some sort of Germanic theme and beautiful college girls wearing lederhosen, then not let those people in! :D
'Good answer. Good answer. I like the way you think. I'm gonna be watching you.'
Title: Re: Mega Millions....
Post by: CalvinH on March 25, 2011, 09:34:15 AM
that's just gonna make Clavin call him Fatchop even more now :-\


Clavin is trying to fit into his golf shorts on a diet so he can't have any  :D


unh uh  ???



I'm good to go with cannoli's for a weekend delivery....no diet on weekends ;)

....and I look good in my golf shorts :D
Title: Re: Mega Millions....
Post by: G_Thang on March 25, 2011, 09:35:34 AM
wonder how many people said that prior to coming into money then when they got it they changed.

i've been in a 10M home, dont need that much house, have no clue why people go buck wild when they get money.  124M?  my folks and sisters are comfortable to death.  i'd pretty much travel.  if i wanted to go  to sweden...i'd rent a house for 6 mths there and enjoy the culture and women.  that's pretty much my biggest expenditure.  i'd move around alot and play it normal, buy 2-3 houses in areas i like but they wouldnt be more than 700k or so a piece.  a 1M house is alotta of house, dont need that much space.  obivously...work with advisers for long investment goals.  no jews like bennie, that's for sure or i'm back to square one.
Title: Re: Mega Millions....
Post by: Option D on March 25, 2011, 09:40:29 AM
1 time payment.. help out my parents and aunts. Buy my high school some new things for their weightroom

and retire to puerto rico.. or south beach miami
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 09:45:26 AM
Title: Re: Mega Millions....
Post by: stuntmovie on March 25, 2011, 10:01:16 AM
I have a friend and his wife who won the California Lotto twice within a matter of a few months. I don't know how many millions but it was millions and except for the following .... his lifestyle did'nt change at all.

Once things settled down a bit he took 20 of his best friends to Las Vegas for a 5 night stay at the Encore Hotel/Casino and gave them each $1,000 a day to gamble with.

He paid all the expenses including the flights to LV, the  meals in LV (most of those meals were within the Wynn Hotels' best restaurants), a side helicopter flight to to the Grand Canyon with a buffet lunch served on one of the canyon rims way out in the middle of no-where, the top Strip Shows .. Ka, Mystere, "O", La RIve, etc., etc.

Most of the guys lost their $1,000 a day playing Craps while they were loaded and lost that daily bankroll within 20 minutes of play. (Unfortunately the dice were NOT loaded but the Players were.)

But a few of the wives stuck to the Blackjack tables (and the Spa) and did pretty well.

And then one afternoon we found a WAR table at the Bellagio, so the wives played WAR just like most of us did as kinds and hit a winning streak while the guys once again lost big time at the Craps table (except for one player who had no idea what he was doing so he just played the Hard Ways and managed to more than double his money .... way more than double !).

It was a great time .... so I think I'll do the same thing when I win the Mega-Millions providing I don't go broke in the process.

I'd definitely take it all right away and do some investing and purchase a couple of  prime real estate properties .,,,, because it's eventually gonna return someday providing that the San Andreas does'nt get too damn active.

Other than the above tour to LV, the winners' lifestyle hasn't noticeable changed at all.
Title: Re: Mega Millions....
Post by: FREAKgeek on March 25, 2011, 10:36:03 AM
I could get a lifetime's worth of a gym membership with that kinda money...
Title: Re: Mega Millions....
Post by: Dr Dutch on March 25, 2011, 10:41:23 AM
I could have 9,9 million autographed pictures of me with Lou Ferrigno!! Maybe I could persuade him to round it up to 10 M!
Title: Re: Mega Millions....
Post by: Grape Ape on March 25, 2011, 10:45:34 AM
'Good answer. Good answer. I like the way you think. I'm gonna be watching you.'

The failure of vietnamization to win popular support, caused and ongoing erosion of confidence in the various American, but illegal, Saigon regimes....."

Or something like that......
Title: Re: Mega Millions....
Post by: Nails on March 25, 2011, 10:47:44 AM
i would prob spend it all on $200 Steaks, ITALIAN CARS  HGH, PORNSTARS, and Bricks of cocaine...




(http://www.toastedrobots.com/wp-content/uploads/2011/03/winning-sheen.jpg)

Title: Re: Mega Millions....
Post by: FREAKgeek on March 25, 2011, 10:50:48 AM
I have a friend and his wife who won the California Lotto twice within a matter of a few months. I don't know how many millions but it was millions and except for the following .... his lifestyle did'nt change at all.

Once things settled down a bit he took 20 of his best friends to Las Vegas for a 5 night stay at the Encore Hotel/Casino and gave them each $1,000 a day to gamble with.

He paid all the expenses including the flights to LV, the  meals in LV (most of those meals were within the Wynn Hotels' best restaurants), a side helicopter flight to to the Grand Canyon with a buffet lunch served on one of the canyon rims way out in the middle of no-where, the top Strip Shows .. Ka, Mystere, "O", La RIve, etc., etc.

Most of the guys lost their $1,000 a day playing Craps while they were loaded and lost that daily bankroll within 20 minutes of play. (Unfortunately the dice were NOT loaded but the Players were.)

But a few of the wives stuck to the Blackjack tables (and the Spa) and did pretty well.

And then one afternoon we found a WAR table at the Bellagio, so the wives played WAR just like most of us did as kinds and hit a winning streak while the guys once again lost big time at the Craps table (except for one player who had no idea what he was doing so he just played the Hard Ways and managed to more than double his money .... way more than double !).

It was a great time .... so I think I'll do the same thing when I win the Mega-Millions providing I don't go broke in the process.

I'd definitely take it all right away and do some investing and purchase a couple of  prime real estate properties .,,,, because it's eventually gonna return someday providing that the San Andreas does'nt get too damn active.

Other than the above tour to LV, the winners' lifestyle hasn't noticeable changed at all.

The irony of it all. It's like you win millions in a lottery and then you go gambling for more in losing games. It's like you haven't won enough. What do you reasonably stand at winning in a casino? Maybe 50K tops if you are a serious player until they bar you but not worth the effort if you have millions. Far more better endeavors, but try to explain that to a person who won the lottery twice...ain't gonna happen.
Title: Re: Mega Millions....
Post by: Butterbean on March 25, 2011, 10:52:38 AM
i would prob spend it all on $200 Steaks, ITALIAN CARS  HGH, PORNSTARS, and Bricks of cocaine...




(http://www.toastedrobots.com/wp-content/uploads/2011/03/winning-sheen.jpg)



Marlon Brando looking good.
Title: Re: Mega Millions....
Post by: Option D on March 25, 2011, 10:52:44 AM
i would prob spend it all on $200 Steaks, ITALIAN CARS  HGH, PORNSTARS, and Bricks of cocaine...




(http://www.toastedrobots.com/wp-content/uploads/2011/03/winning-sheen.jpg)



and the winner is
Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 10:53:27 AM
i would prob spend it all on $200 Steaks, ITALIAN CARS  HGH, PORNSTARS, and Bricks of cocaine...




(http://www.toastedrobots.com/wp-content/uploads/2011/03/winning-sheen.jpg)



That is what I would be afraid of...all the HGH.
Title: Re: Mega Millions....
Post by: The Abdominal Snoman on March 25, 2011, 10:54:44 AM
The 198 million cash option is for sure the way to go. However the government takes 25% right off the top. And most states take their cut(between 5-10%). Also come tax time, your now at the top tax bracket. So you will owe the government another 10% on top of the 25% they already took when the lotto office scratched you the check. So that 198 million cash option really is about 45%. But were still talking about 120 million take home.

If you think you're gonna just give family members millions of dollars, think again. You can do it, but they will have to pay taxes on anything over 12 grand a year gift(taxes you already paid on) Sure there are ways around it(trusts and what not) however you are forever REDFLAGGED by the IRS. You will find out real quick by your attorney's just how hard it is to give away money and not get killed tax wise.

Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 10:59:38 AM
The 198 million cash option is for sure the way to go. However the government takes 25% right off the top. And most states take their cut(between 5-10%). Also come tax time, your now at the top tax bracket. So you will owe the government another 10% on top of the 25% they already took when the lotto office scratched you the check. So that 198 million cash option really is about 45%. But were still talking about 120 million take home.

If you think you're gonna just give family members millions of dollars, think again. You can do it, but they will have to pay taxes on anything over 12 grand a year gift(taxes you already paid on) Sure there are ways around it(trusts and what not) however you are forever REDFLAGGED by the IRS. You will find out real quick by your attorney's just how hard it is to give away money and not get killed tax wise.



I was thinking I would just hire them on to work for me in real estate, and everybody's salary would be $250,000 per year. Hours of 11-2:30. Then it is bar time!
Title: Re: Mega Millions....
Post by: Tito24 on March 25, 2011, 11:02:36 AM
Title: Re: Mega Millions....
Post by: The Abdominal Snoman on March 25, 2011, 11:02:49 AM
Most lottery rules state that if you take the 20 or so year payout is not transferable to surviving members of your family if you die. Take the lump sum.

That money doesn't just disappear into thin air. It goes to the Estate of the deceased.
Title: Re: Mega Millions....
Post by: The Abdominal Snoman on March 25, 2011, 11:06:08 AM
I was thinking I would just hire them on to work for me in real estate, and everybody's salary would be $250,000 per year. Hours of 11-2:30. Then it is bar time!

lolz. ya there are ways around things. That kind of money takes on a lot of responsibility. Helping people live on easy street comes with a lot of baggage. And drugs and alcohol almost always show their ugly heads.
Title: Re: Mega Millions....
Post by: donrhummy on March 25, 2011, 11:13:08 AM
Is at a jackpot of $312,000,000.00. Would you take the cash option of $198,000,000.00 or go for the 26 year payout of a steady $12,000,000.00? That's a tough call! The temptation to blow huge portions if you took the one time payout would be pretty tough to resist, but the security of knowing that you will be netting almost $8mm a year for the next 26 years is pretty satisfying! This is obviously for the Getbiggers who do not already net $8mm per year.

The cash option of 198 is before taxes. I think you'd lose around 40% to taxes? Still and insane amount, but they shouldn't be allowed to advertise it as $312 million if it's really considered to be worth $198 million.
Title: Re: Mega Millions....
Post by: dyslexic on March 25, 2011, 11:16:33 AM
I only plan on getting what I give. Hard work. Don't gamble.

I can't even conceive what it would be like to "win" or receive money through any means other than pure hard work.

Title: Re: Mega Millions....
Post by: Mick33 on March 25, 2011, 11:19:31 AM
I only plan on getting what I give. Hard work. Don't gamble.

I can't even conceive what it would be like to "win" or receive money through any means other than pure hard work.



Nonetheless, it is fun to daydream.
Title: Re: Mega Millions....
Post by: Rearden Metal on March 25, 2011, 11:59:18 AM
I'd take it all up front.this way when I die I can leave whats leftover to family and friends.


....the payments stop coming when you die.

No they don't. I'm a beneficiary of such payments when my uncle recently died.
Title: Re: Mega Millions....
Post by: Doug_Steele on March 25, 2011, 02:15:22 PM
Title: Re: Mega Millions....
Post by: CalvinH on March 26, 2011, 03:55:13 PM
Only 1 ticket sold for the winner.from Albany NY.
Title: Re: Mega Millions....
Post by: newmom on March 26, 2011, 04:02:06 PM
Only 1 ticket sold for the winner.from Albany NY.

when I heard that this am, I thought of JNN
Title: Re: Mega Millions....
Post by: Jadeveon Clowney on March 26, 2011, 04:04:02 PM
when I heard that this am, I thought of JNN

JNN was born under a bad sign...
Title: Re: Mega Millions....
Post by: newmom on March 26, 2011, 04:04:23 PM
JNN was born under a bad sign...

and what sign is that?
Title: Re: Mega Millions....
Post by: Jadeveon Clowney on March 26, 2011, 04:06:15 PM
and what sign is that?

Don't know.  He doesn't seem to be very lucky.  I remember years ago he was going to move to Vegas to be an actor in LA.  Still in upstate NY.
Title: Re: Mega Millions....
Post by: mass 04 on March 26, 2011, 04:07:40 PM
when I heard that this am, I thought of JNN
In other news orders for $200 million worth of thongs, tanning oil, hair "putty", 28 inch waist skinny jeans, and moisturizer have been put in across upstate NY.
Title: Re: Mega Millions....
Post by: newmom on March 26, 2011, 04:08:20 PM
In other news orders for $200 million worth of thongs, tanning oil, hair "putty", 28 inch waist skinny jeans, and moisturizer have been put in across upstate NY.


LMAO, don't forget pink undies
Title: Re: Mega Millions....
Post by: Doug_Steele on March 26, 2011, 04:18:59 PM

LMAO, don't forget pink undies

What is wrong with these draws?


(http://resources.shopstyle.com/sim/8f/eb/8febb0e43d7b7175c47bb8931e87e10a/diesel-figleaves-boxers-slogan-ill-work-hard-for-your-happy-ending-boxer-trunk.jpg)

 8) 8) 8)

Title: Re: Mega Millions....
Post by: TacoBell on March 26, 2011, 04:19:25 PM
JNN was born under a bad sign...


and what sign is that?

Title: Re: Mega Millions....
Post by: newmom on March 26, 2011, 04:28:30 PM
What is wrong with these draws?


(http://resources.shopstyle.com/sim/8f/eb/8febb0e43d7b7175c47bb8931e87e10a/diesel-figleaves-boxers-slogan-ill-work-hard-for-your-happy-ending-boxer-trunk.jpg)

 8) 8) 8)



JNN has a smaller waist.



behave and be nice
Title: Re: Mega Millions....
Post by: kiwiol on March 26, 2011, 05:17:53 PM
and what sign is that?

The one that says "Keep off the grass"
Title: Re: Mega Millions....
Post by: newmom on March 26, 2011, 05:20:31 PM
The one that says "Keep off the grass"
;D
 :D :D :D
Title: Re: Mega Millions....
Post by: johnnynoname on March 26, 2011, 05:21:32 PM
...my ass hurts
Title: Re: Mega Millions....
Post by: newmom on March 26, 2011, 05:23:16 PM
...my ass hurts

 :-X :-X :-X :-X :-X :-X :-X :-X
Title: Re: Mega Millions....
Post by: gh15 on March 26, 2011, 05:31:27 PM
if any one ever offer you 200 million dollar on the spot ,,you say yes ,,you take the money ,,and run run run with out looking back ,,infact if they offer you 10 million dollar you do the exact same thing,,NOTHING LAST IN THIS GENERATION ,,you always take opportunity when it comes on the spot because YOU NEVER KNOW WHAT TOMOROW BRING IN AMERICANA ,,remember my words,,this is not 1975....this is 2011 time changed to the worse and lot worse than you think,,you take whatever you can get on the spot and put a percentage of it in a place no one knows and this place is no bank my friends,,majority can go to the bank to sit there,,but some of it shoudl always be in a place you and only you know!

gh15 approved
Title: Re: Mega Millions....
Post by: Jadeveon Clowney on March 26, 2011, 05:33:53 PM
if any one ever offer you 200 million dollar on the spot ,,you say yes ,,you take the money ,,and run run run with out looking back ,,infact if they offer you 10 million dollar you do the exact same thing,,NOTHING LAST IN THIS GENERATION ,,you always take opportunity when it comes on the spot because YOU NEVER KNOW WHAT TOMOROW BRING IN AMERICANA ,,remember my words,,this is not 1975....this is 2011 time changed to the worse and lot worse than you think,,you take whatever you can get on the spot and put a percentage of it in a place no one knows and this place is no bank my friends,,majority can go to the bank to sit there,,but some of it shoudl always be in a place you and only you know!

gh15 approved

I don't have a place like that.  >:(
Title: Re: Mega Millions....
Post by: Emmortal on March 26, 2011, 05:35:38 PM
I don't have a place like that.  >:(

Your mom does.
Title: Re: Mega Millions....
Post by: DK II on March 26, 2011, 05:35:45 PM
if any one ever offer you 200 million dollar on the spot ,,you say yes ,,you take the money ,,and run run run with out looking back ,,infact if they offer you 10 million dollar you do the exact same thing,,NOTHING LAST IN THIS GENERATION ,,you always take opportunity when it comes on the spot because YOU NEVER KNOW WHAT TOMOROW BRING IN AMERICANA ,,remember my words,,this is not 1975....this is 2011 time changed to the worse and lot worse than you think,,you take whatever you can get on the spot and put a percentage of it in a place no one knows and this place is no bank my friends,,majority can go to the bank to sit there,,but some of it shoudl always be in a place you and only you know!

gh15 approved

spot on.
Title: Re: Mega Millions....
Post by: Jadeveon Clowney on March 26, 2011, 05:43:56 PM
Your mom does.

Fail. how am I supposed to feel insulted by that?
Title: Re: Mega Millions....
Post by: CalvinH on March 27, 2011, 11:25:04 AM
7 coworkers split the ticket.
Title: Re: Mega Millions....
Post by: dr.chimps on March 27, 2011, 11:45:14 AM
7 coworkers split the ticket.
I'm sure there's an 8th, who didn't buy a ticket that week and is now suing the winning 7. Never fails.
Title: Re: Mega Millions....
Post by: Mr Nobody on March 27, 2011, 07:45:16 PM
 8) Last weeks winner.
Title: Re: Mega Millions....
Post by: CalvinH on March 28, 2011, 07:26:34 AM
I'm sure there's an 8th, who didn't buy a ticket that week and is now suing the winning 7. Never fails.



Or a bunch of the seven wondering if they can get away with murder :D