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POWERBALL JACKPOT $675 MILLION 01-09-16

BabyBoomer

By BabyBoomer
in The Lounge

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Zman Proficient

Zman

Posted
Posted

So if (when ;)) you win the huge jackpot are you going to go public and do a news conference?

Personally, I'd want to stay out of the (media) circus tent if I could. I'd do everything possible to keep my name or at least my picture off of the news feeds and TV. Some winners seem to revel in the publicity though.

purplekow Grand Master

+ purplekow

Posted
Posted
So if (when ;)) you win the huge jackpot are you going to go public and do a news conference? I think some states more-or-less require winners to have one?

 

Personally, I'd want to stay out of the (media) circus tent if I could. I'd do everything possible to keep my name or at least my picture off of the news feeds and TV. Some winners seem to revel in the publicity though.

 

This guy gave my answer. He must have been looking at my paper.

Kevin Slater Grand Master

Kevin Slater

Posted
Posted

I understand that a $2 ticket gives a one-in-292 million chance of winning ~$700M. If we assumed away taxes, split pots and the delayed payout (time value of money), buying tickets would be rational in this instance. Especially given the slew of other payouts for partial hits (5 out of 6, etc.), your expected return is actually be greater than the $2 invested.

 

For once, the lottery would not be a tax on those who are bad at math (were it not for taxes, split pots and the delayed payout).

 

Kevin Slater

purplekow Grand Master

+ purplekow

Posted
Posted
I understand that a $2 ticket gives a one-in-292 million chance of winning ~$700M. If we assumed away taxes, split pots and the delayed payout (time value of money), buying tickets would be rational in this instance. Especially given the slew of other payouts for partial hits (5 out of 6, etc.), your expected return is actually be greater than the $2 invested.

 

For once, the lottery would not be a tax on those who are bad at math (were it not for taxes, split pots and the delayed payout).

 

Kevin Slater

Yes This is a rare time that the total payout is appropriate for the investment; However the maldistribution of the winnings, still make it a bad investment. If you bought one ticket for each winning combination, thereby guaranteeing a win, you would spend, 584 million to win 700 million. Problem is, you run the risk of other winning tickets being sold and the value of your winning ticket decreasing dramatically. One other winning ticket would likely wipe out your profit and your side wins of 5 numbers, 4 numbers etc. Then there are the taxes. Not to mention, if you have 584 million why not just start spending it on hookers and cocaine and forget about the lottery.

Kevin Slater Grand Master

Kevin Slater

Posted
Posted
Not to mention, if you have 584 million why not just start spending it on hookers and cocaine and forget about the lottery.

 

I think it would be nice to give each 584 million of them a lottery ticket to remember you by.

 

Kevin Slater

Truereview Grand Master

+ Truereview

Posted
Posted
I wonder how much Madonna would charge for an hour or so long acoustic set? Cause I'd totally pay for it!

 

Hugs,

Greg

Hey Greg! I have a friend in the industry and although he would not quote me an exact amount he said that folks like Madonna and Taylor Swift have appearance fees in the range of $1.1M to $1.5. That's does not count special requests (like an acoustic set). It also doesn't include the fees for the star's special needs - transportation, wig room (like Cher, ya know), etc. I suggest you consider this idea for our forum Palm Spring weekend, my dear. ;)

seaboy4hire Mentor

seaboy4hire

Posted
Posted
Hey Greg! I have a friend in the industry and although he would not quote me an exact amount he said that folks like Madonna and Taylor Swift have appearance fees in the range of $1.1M to $1.5. That's does not count special requests (like an acoustic set). It also doesn't include the fees for the star's special needs - transportation, wig room (like Cher, ya know), etc. I suggest you consider this idea for our forum Palm Spring weekend, my dear. ;)

 

Wow! That's much lower than I imagined!

 

Hugs,

Greg

MrMiniver Community Regular

MrMiniver

Posted
Posted
In most states, the winner's name is published by law. Nebraska is one of the exceptions.

 

One of the terms of buying the ticket is that you agree to basically give up your privacy, you must appear and receive the check in front of flashing cameras, and they can use your name/image in publicity. It's not an option to take the money privately. Not with Powerball.

MrMiniver Community Regular

MrMiniver

Posted
Posted
I wonder how much Madonna would charge for an hour or so long acoustic set? Cause I'd totally pay for it!

 

Hugs,

Greg

 

Anything more than $50 would be highway robbery :)

seaboy4hire Mentor

seaboy4hire

Posted
Posted
One of the terms of buying the ticket is that you agree to basically give up your privacy, you must appear and receive the check in front of flashing cameras, and they can use your name/image in publicity. It's not an option to take the money privately. Not with Powerball.

 

I guess one will need to find a good platic surgeon to alter ones identity.

 

Hugs,

Greg

Reluctant Daddy Rising Star

Reluctant Daddy

Posted
Posted
One of the terms of buying the ticket is that you agree to basically give up your privacy, you must appear and receive the check in front of flashing cameras, and they can use your name/image in publicity.

 

Wonder if they'd recognize a US lottery winner at his newly acquired Tuscan villa?

Kevin Slater Grand Master

Kevin Slater

Posted
Posted
I think it's worth the price of a ticket just to dream for the day. :D

 

Which is why buying multiple tickets doesn't make sense to me. You get the same dream for $2 as $20, and you're not going to actually win in either case.

 

Kevin Slater

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