If I win I'll give everyone in this thread a million dollars.
So, if there's 60 people in the thread, everyone gets $16,667
I see you all fell for my cunning ruse. Definitely not something I figured out after I posted. Not at all.
this post was submitted on 01 Oct 2023
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You're more likely to get struck by lightning while taking a poop, so for your sake I hope you win instead.
You are of course joking. But on the infinitly tiny odds you win, and the similarly ridiculous odds you follow through, I'll comment
With odds like that, we can't fail. Simple rule of conservation of narration.
I and my 43 children all are pleased to be in the thread.
But that just means the million will be divided up even more, reducing your share! ;)
Your comment implies it’s a million to each commenter
I'm just messing around, we all know I won't win lol.
Too late, I’ve already bought a JetSki with your expected winnings
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I hope you win, keep your word, and the news runs a story on it afterwards thats grows the user base and specifically siphons users from Reddit. I want to see Reddit burn to the ground.
That would actually be such an interesting way to gain users, I want to see that
Can I get $420.69?
I mean 16k~ is still a decent amount of money
Thanks, pal!
Hey, free odds approaching zero is better than paid options approaching zero
I need money thx.
Neat.
Oooh oooh oooh! Me too! Me too!
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I would like to win.
Goddammit... Alright, everyone. Pack it up. He already called it.
Thank you.
So are PowerBall and Mega Millions now rigged to make sure that the jackpot always hits $1B before a winner is drawn?
Rigged in the sense that they intentionally made the odds so long as to almost ensure it would routinely go weeks and weeks without a winner. So yes, it is by design.
I imagine their sales go up fast when so-called "news" outlets (like this community) report that it's hit that level.
Never mind that it makes your already infinitesimal odds of winning even smaller, when the regular jackpot would already be a life-changing amount of money. People who only buy tickets when the jackpot goes up are just falling even harder for the scam than those who buy when the jackpot is "low".
The odds of winning don't change based on the number of people who buy tickets.
But the odds of sharing a prize do.
Yes. Though, that is an artifact of the rules of the payout; everyone's chances of winning are exactly the same.
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I'm not American, please explain, why is the cash value only 478.2 million? Is that after taxes or something?
It's not after taxes.
The "jackpot" is what you get if you select an annual annuity over 30 years.
The cash value is what you get if you want it all today.
Taxes come after.
This site explains it well: https://www.usamega.com/powerball/jackpot
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2 things: taxes are taken from the winnings, and the jackpot quoted is the amount you would get if you picked the regular payments rather than lump sum.
The regular payments include trust fund interest/growth I think, so you get more.
It's confusing as all hell. I'd much prefer it tax free and lump sum. Tell me exactly what I get, don't dress it up to make it look better than it is!
The tax-free annuity payment version is by far the better deal. But some people elect to get the lump sum in cash, and you end up getting far less than half of it, esp after taxes.
The annuity isn't tax free. You pay taxes on that income every year just like (and in addition to) any other income you have.
Also, you could most likely beat the rate of return on those investments if you know what you're doing. But on the other hand most lottery winners won't know what they're doing. Additionally the annuity can be a stopgap to keep you from losing everything all at once.
Even if you know what you're doing, you'll probably go bankrupt after winning. Annuity is, as you said, a stopgap against stupidity.
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Stupid tax.
Yep. That's $1.04b taken from the pockets mostly people who should be trying to put it to savings, not giving away money on a pipedream. Giving it to a winner who statistically will likely have their life ruined by such a windfall.
It's goddam stupid. The "causes" the lottery pays back to, like education, should be funded by taxing those who don't need the extra money, not by duping people who desperately need every dollar they earn.
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I wanna see a Bruce Almighty scenario with the lotto at some point in my life.
You get three darts to throw at the balloons and if you hit all three you get a prize. No, not the giant bear. Never the giant bear.
I could sure use the money...
I mean, sure, why not?
😆 The last lottery ticket I bought was 38 years ago. I regreted throwing away a dollar it's too traumatic.
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