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Feeling lucky? Powerball jackpot rises
to $545 million

Original Article

Posted By: ladydawgfan, 9/27/2021 2:34:55 PM

With no winner Saturday night, the Powerball Jackpot is now at $545 million. The last winner of the Powerball was June 5 of this year. The winner was 69-year-old Clay Tousey of Ponte Vedra Beach, Florida. He took a lump sum of $196,706,252.17. The next drawing is Monday night. If someone wins, they will be able to take home a lump sum of $392.1 million. The odds of winning with just a purchase of a single ticket is 1 in 292 million. So, may they ever been in your favor.

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So now the question is, do you take the lump sum in one fell swoop or take installments and a guaranteed income for the future, regardless of what happens to the economy??

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Reply 1 - Posted by: stevendm 9/27/2021 2:57:01 PM (No. 928080)
One swell foop
7 people like this.

Reply 2 - Posted by: klezmer 9/27/2021 4:35:42 PM (No. 928133)
Always take the lump sum. The installment option is merely the state paying you interest on the total (lump sum). If you take the lump sum, you can invest it and get a similar return, PLUS YOU OWN THE LUMP, so the money will continue to your children, their children, etc.
2 people like this.

Reply 3 - Posted by: Birddog 9/27/2021 5:46:52 PM (No. 928190)
Installments paid to a LLC. If I want some bigger chunk than the initial one they give you before the installments start. It's is a gold plated asset, easy to borrow against. at verrrrry low rates. I only ever buy one ticket, and let the machine pick it. "If Gawd wants to Inflict upon me the hardship of being a wealthy man? He don't need but the one chance." "Lotteries are a self inflicted Tax on Stupidity"...as well as BIIIIG Govt. taking over the numbers Racket. IF I did win? I'd buy the Family Farm back...and every other chunk of land that borders it, own the whole little valley, ridge to ridge, out to every road. Big State Forest already on the west fence, It had been in the Family over 200years, since "Last of the Mohicans" times...the brothers sold it out from under the old man last January. He had given them shares so they would not have to pay inheritance taxes, they got impatient with him for living so long... wanted to buy baubles for Bimbos.
5 people like this.

Reply 4 - Posted by: Catherine 9/27/2021 9:31:24 PM (No. 928386)
Organized crime wins these things.
0 people like this.

Reply 5 - Posted by: envirodude 9/27/2021 9:40:31 PM (No. 928394)
Start a charity. You, your family, etc, are employees /board of directors. Give the winning ticket to the charity. No taxes? Take the lump sum because state gooberments can go bankrupts and decide they don’t want to pay you off. Until then, keep buying tickets and paying the poor/stoopid people taxes. Odds of winning: 1:292,000,000.
1 person likes this.

Reply 6 - Posted by: Twinkle93 9/27/2021 9:51:32 PM (No. 928399)
The true "lump sum" is just over $200 million after taxes. This is still a nice piece of change, but but not $392 million that they advertise.
1 person likes this.

Reply 7 - Posted by: red1066 9/27/2021 10:12:03 PM (No. 928403)
I joined nine others at work several years ago, and we would each put ten dollars in for the lottery. Back then the lottery tickets were a dollar a piece. Each person would get a copy of the lottery tickets purchased for each lottery drawing. That's a one hundred tickets twice a week. After a couple of weeks, we gave up. We had purchased a total of 600 tickets, and won exactly $4 in total. That cured me of ever buying another lottery ticket.
2 people like this.

Reply 8 - Posted by: Safari Man 9/27/2021 11:54:12 PM (No. 928453)
Meh… wake me when it pays out $1 Billion. With Bidinflation, I’m gonna need 9 digits soon enough.
0 people like this.

Reply 9 - Posted by: mifla 9/28/2021 6:41:50 AM (No. 928602)
Pelosi, since your spending bills have gone down in flames, perhaps you should try the lottery. Please use your own money for the tickets.
0 people like this.

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