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Until you win. Then the folks that don't bet a buck or so now and again kind of look stupid and many become angry or jealous. Most of the posters sound like they would just love to rip this guy off.
I hope this guy finds a Spanish speaking lawyer and financial advisor that has the winner’s interest in mind.
Until you win. Then the folks that don't bet a buck or so now and again kind of look stupid and many become angry or jealous. Most of the posters sound like they would just love to rip this guy off.
I hope this guy finds a Spanish speaking lawyer and financial advisor that has the winner’s interest in mind.
The odds of winning powerball are about 13,500,000 to 1, but you still have people who spend $20, $30, and more per week on trying to win (when they should be saving/investing the money). Its not even a great deal for the winner, because as we seen, the odds are stacked very heavily against said person from not going broke...
That's why it's a tax on the stupid....
No one is 'hoping' he blows all the money. If he can help people and not become broke, more power to him...
True, there's certainly more to it than hit the jackpot and live happily ever after. The type of people who would beat the odds and handle it well are probably the more fiscally conservative types who don't bother with the lotto in the first place, for reasons that have been discussed ad nauseum.
Nobody really knows how they would handle it unless they were flung into though. I'm sure the temptations for bigger/better/more are hard to deal with when you can have or do practically anything in the world. Where do you draw the line between being conspicuously wealthy (hey, why not?), and knowing when enough is enough or maybe even too much?
The odds of winning powerball are about 13,500,000 to 1, but you still have people who spend $20, $30, and more per week on trying to win (when they should be saving/investing the money). Its not even a great deal for the winner, because as we seen, the odds are stacked very heavily against said person from not going broke...
That's why it's a tax on the stupid....
No one is 'hoping' he blows all the money. If he can help people and not become broke, more power to him...
I'm not sure if you misplaced commas in the odd, but I'd like to point out that the odds are a LOT higher than 13,500,000 to 1, I believe they are about 130 million to 1.
That person is very lucky because most of the Powerball winning tickets in the past were purchased in lottery pools, where a group of people get in and buy a large number of tickets.
I'm not sure if you misplaced commas in the odd, but I'd like to point out that the odds are a LOT higher than 13,500,000 to 1, I believe they are about 130 million to 1.
That person is very lucky because most of the Powerball winning tickets in the past were purchased in lottery pools, where a group of people get in and buy a large number of tickets.
I don't know what 'percentage' of big jackpot lottery winners -- after taxes 5 million or more -- have no issues. But I'd think plenty. It's just that the winners who blow through the money or go broke get the attention.
There are plenty of people who win 'starting' or smal-to-mid-size jackpots -- that are enough for them to quit work, or whatever -- who we never hear about or who stay anonymous.
While shows like "The Lottery Changed My Life" feature people who have gone broke or spend extravagantly, and therefore could eventually spend all their winnings...they also feature people who even after winning 1) keep working, or 2) quit working stay in their home, but just take more trips, 3) buy a new home, and a car or two, pay for young relatives' college, travel a bit -- but other than that don't go crazy at all with material possessions. So they're handling their wealth -- money -- quite well.
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I thought I saw that the odds of winning either PB or MM was 1 in 185 million or so. But hey -- 1 in 130 mill one in 180 million. At that point is damn near about the same.
Odds on Mega Millions/Powerball are about 175mm to 1.
State lottery games with 6 numbers get down to about 20mm to 1.
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