Powerball

Brisket_Fanatic said:

cazzy said:

1move said:

nolaegghead said:

HeavyG said:

DMW said:

JohnInCarolina said:

Related:

Sounds like a plan, I'm going to liquidate all my investments this afternoon. I have a line of credit against my home I can leverage as well. 

Feeling good about this already.

Since there are "only" about 180 million combinations you just need to borrow that amount of $$$ to buy every combination.

At over a billion dollar payout that is quite the return on investment.

Of course if I were to do that it would turn out that 20 other winning tickets would also have been sold and Vinnie and Knuckles would be after me since I couldn't pay them back.

292 million possible combinations

292 million X $2 per combo = $584 million for every combo

1500 million - 584 million = 916 million in the plus, time to go take out a loan!!!!

if more than one ticket wins we are screwed!!!

Neg....cash option for a solo winner (in one of the 10 states that doesn't have state lotto tax) is $697,500,000 after federal withholdings. Then for the 2015 tax year, you'll own an additional $135,000,000.  You're screwed before you even get started....

Your still good becausae you can use gambling losses to offset the winnings

cazzy said:

Braggart said:

Hold the phone...may be a fake link and/or story.    

Cant even  trust the internet these days.    I'm appalled. 

Seems a lil early in the game to me. Sounds like the story was made to piss people off.

There are 3 confirmed winners.  California, Tennessee and Florida.

Brisket_Fanatic said:

cazzy said:

Brisket_Fanatic said:

cazzy said:

1move said:

nolaegghead said:

HeavyG said:

DMW said:

JohnInCarolina said:

Related:

Sounds like a plan, I'm going to liquidate all my investments this afternoon. I have a line of credit against my home I can leverage as well. 

Feeling good about this already.

Since there are "only" about 180 million combinations you just need to borrow that amount of $$$ to buy every combination.

At over a billion dollar payout that is quite the return on investment.

Of course if I were to do that it would turn out that 20 other winning tickets would also have been sold and Vinnie and Knuckles would be after me since I couldn't pay them back.

292 million possible combinations

292 million X $2 per combo = $584 million for every combo

1500 million - 584 million = 916 million in the plus, time to go take out a loan!!!!

if more than one ticket wins we are screwed!!!

Neg....cash option for a solo winner (in one of the 10 states that doesn't have state lotto tax) is $697,500,000 after federal withholdings. Then for the 2015 tax year, you'll own an additional $135,000,000.  You're screwed before you even get started....

Your still good becausae you can use gambling losses to offset the winnings

I saw that in an article last night.

It goes for all gambling. So you can write off the losses up to the amount of winnings even in a casino. However the burden of proof is always on the tax payer.