Mega Millions $640 Million

• OneBuckeye

  

  Odds of winning the jackpot are 1 in 176 Million. So you could buy 2 tickets and still have pot odds.
  
  http://abcnews.go.com/Business/mega-millions-jackpot-now-476-million-numbers-19/story?id=16017732
• gerb131

  

  Just saw that. I got 5 on it.
• OneBuckeye

  

  The real question is would you take the lump sum or the payment
  
  Lump Sum :
  
  (approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
  
  Per Year ( 26 yearly payouts (Mega Millions) ) :
  
  (approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.
• gerb131

  

  Lump. Not even a tough decision.
• OneBuckeye

  

  I agree. I wonder what type of interest rate you could earn on your 180+ mil.
• Belly35

  

  OneBuckeye;1129914 wrote:The real question is would you take the lump sum or the payment
  
  Lump Sum :
  
  (approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
  
  Per Year ( 26 yearly payouts (Mega Millions) ) :
  
  (approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.

  At 62 years old I not sure I can hang on to 26 more years :laugh:. I take the money (lump) and run.
• Raw Dawgin' it

  

  lump sum - with that kind of money i'd die within 26 years.
• justincredible

  

  OneBuckeye;1129914 wrote:The real question is would you take the lump sum or the payment
  
  Lump Sum :
  
  (approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
  
  Per Year ( 26 yearly payouts (Mega Millions) ) :
  
  (approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.

  Lump sum. No doubt.
• OSH

  

  Yearly...probably.
• gorocks99

  

  Definitely lump sum. Even very conservative investing could get you a 2% return. That's about a cool $4m per year on $185m
• mcburg93

  

  Lump, cause more then likely I will be dead in a month from all the cocaine hookers and drinking Im gonna be doing. I dont want to leave any of it to anyone so will do the best to spend it all before I die.
• Devils Advocate

  

  When I win, I will send everyone that gave me reps an IPOD 3
• sherm03

  

  OneBuckeye;1129914 wrote:The real question is would you take the lump sum or the payment
  
  Lump Sum :
  
  (approx) $257,266,671.00 / $185,232,003.00 (after 28% tax)
  
  Per Year ( 26 yearly payouts (Mega Millions) ) :
  
  (approx) $18,307,692.00 / $13,181,538.00 (after 28% tax) ~Total 340 Million after 26 years.

  I'd go lump sum. But that is not the real question. The real question is what is the first thing you do with your money?
• Fab4Runner

  

  Lump sum. I am pretty sure the cash option for Friday's drawing is $340M. Insane. I bought my first ticket last Friday and then got another one yesterday. I am going to become one of those lottery addicts.
  
  First thing I would do is pay off all my bills. Fuck off, student loans! Boring, I know. But whatever.
• gorocks99

  

  First thing I'd do is lawyer up. First thing I'd purchase/pay for with the winnings would definitely be student loans.
• justincredible

  

  I'd pay off loans and then hire people to do all the things we want to do to our current house. I'd eventually buy a new house, but I'd want to live in the ideal version of our current house for a while. Oh, I'd also buy a pound of weed and a bunch of pizza and invite all the OC stoners over.
• sleeper

  

  Why would people pay off their loans, especially their student loans? That would be one of the last things I do.
  
  I'd donate almost all of it to The Ohio State University. Spend the rest trying to buy a piece of the Cleveland Browns. :thumbup:
• justincredible

  

  sleeper;1129972 wrote:Why would people pay off their loans, especially their student loans? That would be one of the last things I do.

  Why not? One less bill to worry about. It's not like it's going to be any help come tax time anymore.
• Belly35

  

  With that much money....I fix up and put an addition to my present home, close my business, convert the warehouse into my personal classic car garage and pistol/rifle range, get a comdo in Chicago, and maybe one someplace else like Scottdale or Denver on a lake. Help my three daughters (pay off some bills and loans), grandkids setup a trust fund, make sure my grandson get the best ear surgery money can buy.
  
  Buy a few more guns and ammo and travel a little. First trip would be back to Vietnam
• DeyDurkie5

  

  I'd take a shit on skyhook's yard
• Commander of Awesome

  

  Probably the lump. First thing I'd do is hire a competent Accountant/financial advisor.
• Raw Dawgin' it

  

  Belly35;1129979 wrote:Buy a few more guns and ammo and travel a little. First trip would be back to Vietnam

  I hear there are some VC who still think the war hasn't ended - you can hunt them down and relive the glory days
• Scarlet_Buckeye

  

  First thing I would pay for = student loans.
• DeyDurkie5

  

  I'd get rid of all debt.
  I'd give 25 of my closest family/friends a million each
  I'd buy stake in the Cleveland Browns
  I'd get a financial advisor to keep track of the money
  I'd then buy a kilo of cocaine, pound of the finest bud known to man, and I'd take all my friends to some ridiculous place and ball out for a week
  Then, I'd just sit on my ass and do fun shit for the rest of my life
• Belly35

  

  Raw Dawgin' it;1129985 wrote:I hear there are some VC who still think the war hasn't ended - you can hunt them down and relive the glory days

  Perfect I use my wife at Point :laugh: