Tom [Giants fan] Posted February 20, 2004 Share Posted February 20, 2004 The jackpot is up to $230 million. Take payments if you still have to play. You end up with about $40 million more after the 26 years. Link to comment Share on other sites More sharing options...
TD_washingtonredskins Posted February 20, 2004 Share Posted February 20, 2004 It cracks me up that you talk about the payment options....that is the farthest thing from my mind...if I win, I'm stinking rich and never need to work again....hahaha, thanks for looking out for the extra 40 million though! It's weird, I learned in Finance class in college you always take the lump sum and give yourself the opportunity to make up the difference.....who knows though! Link to comment Share on other sites More sharing options...
Funkyalligator Posted February 20, 2004 Share Posted February 20, 2004 You need to apply the discount rate in order to figure out which of the options is best for yourself.....me I would take the lump sum and invest it in manners of my own choosing Link to comment Share on other sites More sharing options...
Tom [Giants fan] Posted February 20, 2004 Author Share Posted February 20, 2004 Nevermind, don't take my advice. I just found out that if you do take the payments and something happens to you, you can't leave the rest of the payments to anyone. Take the lump sum!!!! Link to comment Share on other sites More sharing options...
jbooma Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by Tom [Giants fan] Nevermind, don't take my advice. I just found out that if you do take the payments and something happens to you, you can't leave the rest of the payments to anyone. Take the lump sum!!!! So that is how those millionaires vanish, the lotto repos their a$$ :laugh: Link to comment Share on other sites More sharing options...
Om Posted February 20, 2004 Share Posted February 20, 2004 Always take the lump sum. Even a financial neophyte can beat the investment returns that the lottery agencies promise over 26 years. Plus ... how you gonna buy all the homes, boats, cars, toys -- and of course the grant in perpetuity to Extremeskins -- free and clear if you don't get that big check right up front? By the way ... don't bother to buy tickets. I already bought the winner. Link to comment Share on other sites More sharing options...
gbear Posted February 20, 2004 Share Posted February 20, 2004 My office plays. I always call it the stupid person's tax...but I play right along. THere just seems to be something funny about a bunch of statisticians playing the lottery. We've always said we'd take the lump sum because we all want to be rich NOW. IF we have to parse out the payments between 20 people over time, we'd be comfortable, but... Link to comment Share on other sites More sharing options...
big z Posted February 20, 2004 Share Posted February 20, 2004 I already bought the winner. alright....care to share those numbers man? :laugh: CASH OPTION? Hell Yes! Link to comment Share on other sites More sharing options...
sippin2020 Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by Om I already bought the winner. Impossible!!! I bought the winner too. What a coincidence. Link to comment Share on other sites More sharing options...
Zen-like Todd Posted February 20, 2004 Share Posted February 20, 2004 Lotteries are government schemes to bilk money from poor, desperate people. Link to comment Share on other sites More sharing options...
Funkyalligator Posted February 20, 2004 Share Posted February 20, 2004 I buy a lottery ticket....so I can have nice dreams for a few nights about what it would be like to win.... Link to comment Share on other sites More sharing options...
Om Posted February 20, 2004 Share Posted February 20, 2004 Yeah, screw free will. It's the government's fault. Signed, Recently Made Aware of Being Poor and Desperate Link to comment Share on other sites More sharing options...
jbooma Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by Om Plus ... how you gonna buy all the homes, boats, cars, toys -- and of course the grant in perpetuity to Extremeskins -- free and clear if you don't get that big check right up front? Don't forget the contributions to this site :cool: If anyone here wins I think they should give the owners a nice gift to take away their worries, and take us all to a game Link to comment Share on other sites More sharing options...
sippin2020 Posted February 20, 2004 Share Posted February 20, 2004 The first call I make if I win is to a Mr. Daniel Snyder. I have two words for you. "Minority Owner" Link to comment Share on other sites More sharing options...
WM_Marylander Posted February 20, 2004 Share Posted February 20, 2004 Lump sum is the way to go... I don't want to be old and wrinlely when I finally get the last couple of checks... I want it now when I can get some return on my cash... if you know what i mean. Link to comment Share on other sites More sharing options...
Om Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by jbooma Don't forget the contributions to this site :cool: If anyone here wins I think they should give the owners a nice gift to take away their worries, and take us all to a game Okay, jbooma, I have to ask. When I wrote the part about the "grant in perpetuity to Extremeskins" ... did that not qualify? Link to comment Share on other sites More sharing options...
Tom [Giants fan] Posted February 20, 2004 Author Share Posted February 20, 2004 Okay, jbooma, I have to ask. When I wrote the part about the "grant in perpetuity to Extremeskins" ... did that not qualify?[/Quote]You have to forgive him. He is a Red Sox fan. You used big words. Link to comment Share on other sites More sharing options...
Tom [Giants fan] Posted February 20, 2004 Author Share Posted February 20, 2004 Oh yeah, if anyone hits it on here, can I hit you up for a loan? Link to comment Share on other sites More sharing options...
sippin2020 Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by Tom [Giants fan] Oh yeah, if anyone hits it on here, can I hit you up for a loan? You are a Giants fan, but we might be able to work something out. How about a One million dollar loan at 19.99% compounded weekly? Link to comment Share on other sites More sharing options...
JKS1414 Posted February 20, 2004 Share Posted February 20, 2004 Got my tickets........why not at least try when its up this high. :dallasuck Link to comment Share on other sites More sharing options...
jbooma Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by Om Okay, jbooma, I have to ask. When I wrote the part about the "grant in perpetuity to Extremeskins" ... did that not qualify? i didn't read it completely, and also want to make sure everyone here understands Link to comment Share on other sites More sharing options...
Zen-like Todd Posted February 20, 2004 Share Posted February 20, 2004 Originally posted by JKS1414 Got my tickets........why not at least try when its up this high. :dallasuck Because the higher the jackpot, the worse your chances are of winning? Link to comment Share on other sites More sharing options...
tchrpe1 Posted February 20, 2004 Share Posted February 20, 2004 Bought my tickets 10 minutes ago. Link to comment Share on other sites More sharing options...
tchrpe1 Posted February 20, 2004 Share Posted February 20, 2004 Bought my tickets 10 minutes ago. Link to comment Share on other sites More sharing options...
Om Posted February 20, 2004 Share Posted February 20, 2004 Todd, the odds remain the same. You still have the same number of ping pong balls, and the same number of possible combinations. What you DO have, though -- due to the higher number of tickets bought when the number gets really high, and people who don't usually buy tickets deciding to give it a shot -- is the decreased chance of being the ONLY winner. Seems to me every time one of these preposterously big ones is finally won, it ends up being shared by multiple "winners." Which is kind of ironic, when you think about it, because what they end up winning is comparable to the lesser pots available most of the rest of the time. Not that I think about this stuff much. Link to comment Share on other sites More sharing options...
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