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Here’s the theory: At $2 a ticket and 1 in 292 million odds, you could seemingly buy every Powerball combination for “just” $584 million — and still walk away with a massive profit.
The lump-sum jackpot payment is estimated to be about $868 million. That alone would give you a handsome $284 million profit if you bought every ticket. And since there are $92 million in lower-tier prizes, you’d win all of those too. And by flooding the system with all those tickets you purchased, the lump-sum value of the jackpot would rise by $200 million — which you’d be guaranteed to get back.
That’s a grand total of $1.2 billion in winnings, $576 million of which would be profit.
The best part: Since you would guarantee yourself a win, all your losing lottery tickets would be tax-deductible. That means you wouldn’t have to pay taxes on the first $584 million of your winnings.
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Problem is who has that much to begin with and those who have that much, why need more.
A real bad news will be if there are more than one winners and need to share plus how/where to buy 292 million tickets???
Mystery123, did we just post the same exact thing? ;-)
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