$540 Million Lottery
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- CanHasQBN0
^ I would do that as well. But unfortunately, with these kind of lotteries you're required to show yourself on camera, with lotto representatives, and the big check, etc. I don't think you are required to speak however. So if the reporters in the room ask you what you're going to do with your money, you could just say nothing.
- akrok0
pay all debt.
buy a few house.
travel, of course.
a few cars.
etc.
- albums0
you're funny, if not misguided, spot13.
- this is why the tax is so successful. I buy 1 ticket and I have as much a chance of winning as Chris Singletonspot13
- http://www.businessi…spot13
- 20020
I would buy $540 million dollar worth of lottery
- akrok0
well, its $540 mil. before taxes.
- so, around 378akrok
- if 30% applies.akrok
- So I'd still have to shop at Old Navy? Shoot.CanHasQBN
- u guys have to pay taxes on lottery winnings? hadigdre
- its actually 40% not 30% you are forgetting about luxury tax.e-pill
- you guys have to actually come to NYC get a job? ha!e-pill
- hahaha. *hi 5*akrok
- i believe it's closer to 50% for some reasonmonospaced
- some states do not. Florida, Texas and a couple other states74LEO
- I'm in Canada, so I can buy a ticket and win and not pay taxes at all. LOL!!!moniker
- 20020
I would take out a loan
- CALLES0
i would buy the elections
- spot130
It's not a raffle, if there was 100 tickets and you buy 10, you have better odds than someone with 1 ticket. Because potentially a number can be drawn that does not exist, you don't increase the odds when you buy more than 1 ticket.
- you increase your odds...not the odds in general.dbloc
- for each ticket you buy, your odds of winning the jackpot are the same for each onespot13
- BUT, you have MORE of them. Sorry your logic doesnt make sense.CygnusZero4
- it does make sensespot13
- unless you buy every combination ensuring you have every possible outcome, your odds of winning stay the samespot13
- Derp.404NotFound
- utopian0
I would hire Hedge as my personal bag boy.
- akrok0
ah, what a hell. i spend 1 buck on this. ;-)
- albums0
there are a set number of outcomes in any lottery, by increasing the sets you control, you increase your personal overall odds. as far as buying every combination, that is possible, both financially & physically. If that is done, the individual or collective has guaranteed a win, they are only not guaranteed the total prize amount. their odds of wining effectively become 1:1 with a much higher financial investment. that is why the math only works after a certain amount has been reached to cover the cost of the investment.
- in summary, your odds do increase as you purchase more unique ticket sets.albums
- your odds of losing increase with every ticket you buy... you odds of winning only change when you buy every possible combinationspot13
- If you have more combinations of numbers doesn't that increase your odds of winning?DrBombay
- //Yo, Bookworm, I'm talkin to you!DrBombay
- 20020
- CanHasQBN0
That crazy woman executed a pretty good April fool's joke.
- honest0
how much is Iceland worth these days?
- DrBombay0
The US Government could use lotteries as a revenue source to cut the deficit. Look at how much loot this has been raising. I bought five tickets due to peer pressure from my work people.
- tasty0
I've got $20 worth – fingers crossed.
- albums0
In the lottery, you pick 5 different numbers from 1 to 56, & a sixth number from 1 to 46, which could be a duplicate of one of the first five. This works out to:
56C5 * 46 = 3819816 * 46 = 175,711,536
that's all it takes to buy every combination. if the payout after taxes is over the investment that GUARANTEES a win and a few other smaller payouts as well. so $640m is well sufficient with a lump sum payout of $374m to cover the $176m investment
the risk is in having to share it
when i say the odds of wining are 1 in 175,711,536 that means the odds of losing are 175,711,535 in 175,711,536. technically according to the laws of math, your chances of losing can only decrease the more tickets you buy.