PSA - Powerball jackpot is now $550 million USD (2018 edition)

[K1052]

Yes, that's what I was questioning. I read the entire article but the opening says it all:

"State lottery officials announced Tuesday that if Illinois doesn't reach a deal to fund the government by the start of the fiscal year on July 1, it won't be able to make payments on time to those who win more than $25,000."

The IL legislature overrode the governor's veto and passed a budget, lottery payouts have resumed AFAIK.

 

[tortoise]

Man, can you imagine winning a net $300 million? Hell, can you imagine winning $100 million? Invest it in the stock market.

Depending on the investments . . in addition to making quarterly tax payments at the highest rate, you may also have the "privilege" of paying the supplemental 3.8 percent investment tax.

 

[disappoint]

The winner.

She repeatedly babbled about it being a "pipe dream". You don't have to be Freud to know what's on her mind. $300 million after taxes can buy a lot of... "pipe".

 

[trinketsummoner]

If you are a foreign national, wouldn't you pay your local income tax rate and not pay any US taxes? If you aren't a US resident I can't see how you would be liable. The Powerball website seems to think that's the case too.

Nice problem to have!

 

[tommo123]

If you are a foreign national, wouldn't you pay your local income tax rate and not pay any US taxes? If you aren't a US resident I can't see how you would be liable. The Powerball website seems to think that's the case too.

Nice problem to have!

that's interesting because the US i think is the only country where you have to pay taxes to your homeland even when working abroad. that's why british bands etc used to do a "tax year" in ROI or somewhere. after 6 months or a year you didn't have to pay tax in britain on money not earned in britain. or some such anyway

 

[Mai72]

that's interesting because the US i think is the only country where you have to pay taxes to your homeland even when working abroad. that's why british bands etc used to do a "tax year" in ROI or somewhere. after 6 months or a year you didn't have to pay tax in britain on money not earned in britain. or some such anyway

Unless it was changed, you don't pay on anything under $92k. And, with state tax it depends on the state you lived in before you went abroad.

When I taught in South Korea the only taxes I paid were my state tax. NJ and California are the only two states that you have to pay taxes too.

 

[tortoise]

something to maintain a low profile/a level of anonymity

Speculating a trust option, to keep the winner's identity confidential, would have been an "exercise in futility" in this situation . . considering the leak potential.

 

[tortoise]

Article . . Machine that produced Powerball-winning jackpot taken offline

 

[AznAnarchy99]

Article . . Machine that produced Powerball-winning jackpot taken offline

I don't get why people would buy from the same machine hoping to hit the jackpot again. That's like lightning hitting you twice.

 

[zinfamous]

I don't get why people would buy from the same machine hoping to hit the jackpot again. That's like lightning hitting you twice.

people be dumb, yo.

stores always hype the winners that have bought tickets at their machines, hanging up winnings and dates and all that. People seem to believe that particular stores are "lucky" because they sell so many winning tickets. What happens, of course, is that stupid people buy into this and the specific store receives vastly more traffic than other nearby lotto retailers, so more traffic is, in aggregate, going to net a decent amount more winners than other stores.

Such stores understand this, of course, and they exploit it for good reason.

 

[Svnla]

Now the cops are patrolling the home of the winner because so many people want to meet her.

http://abcnews.go.com/US/wireStory/powerball-winners-husband-killed-2016-hit-run-49416262

 

[Krazy4Real]

up to $550 million again. Group buy time yet?

 

[highland145]

up to $550 million again. Group buy time yet?

vivi will just buy another island.

 

[Krazy4Real]

vivi will just buy another island.

Maybe we'll get invited to this one though!

 

[AznAnarchy99]

Over 500? That's my threshold. Time to go buy.

 

[highland145]

Maybe we'll get invited to this one though!

Silver lining...

 

[Svnla]

Bump for 2018 edition.

 

[manly]

Over 500? That's my threshold. Time to go buy.

It'll probably hit $600M, but the real question is if it'll get to $1B+ next Wednesday.

 

[ElFenix]

Over 500? That's my threshold. Time to go buy.

my threshold is when the jackpot crosses the point where buying all the numbers becomes a potentially money making endeavor (forgetting taxes and non-jackpot winnings). not quite there on either powerball or mega right now, but close on both. powerball will probably cross that by saturday's draw time ($585 million). mega has a ways to go, but it'll be there if no winner is drawn tonight ($605 million).

 

[tortoise]

At least 2 of the match-5 January 5, 2018 Mega Millions winners can console themselves with a measly $3 million . . article.

 

[ViviTheMage]

Sure would be fun to do another AT LOTTO

 

[Svnla]

Both the Power Ball and Mega Millions had winners so the jackpots are back to normal.

 

[bruceb]

Unreal ... 1 winner of $570 Million Powerball in New Hampshire .... and 1 winner of the Mega Millions in Florida of $450 Million

 

[AznAnarchy99]

Unreal ... 1 winner of $570 Million Powerball in New Hampshire .... and 1 winner of the Mega Millions in Florida of $450 Million

Always the bridesmaid, never the bride

 

[Bird222]

Sure would be fun to do another AT LOTTO

It would probably be a good idea to figure out what pay method to use now before the lotto gets big so we will be ready to go. Anybody got any ideas on who to use? Venmo is out, Paypal is out and Amazon is out.