Winning Lottery Sound Financial Advice?

[synchronicity]

Originally Posted by MountainBiking

I play when the jackpot is large like tonight's Powerball. I probably spend less than $20 a year on Lottery tickets and I never buy the scratchers. I prefer 'gambling' in Las Vegas.

I would be very happy to win $10,000. Anything over $10,000 would be great. I would add to my current stock positions.

I've always wondered about all the people that only needed ONE number from hitting the lottery. That one number is the difference between a few hundred dollars and MILLIONS. ONE NUMBER. Do these people fall into depression? Honestly, I don't know what I would do or how bad I would feel if this happened to me.

-Cheers.

Actually, for Powerball, if you don't match the big money power whateveritis ball but get all the others, you win a million bucks. Which isn't a couple hundred million, but ain't half bad.

OTOH, if you match 4 of 5 plus the bigmoneypower ball, you only get $25,000. That's better than nothing, sure, but yeah, that would kinda hurt. "Only ONE more, and..."

[TS808]

The odds of winning the Powerball are the same as being struck by lightning 400 times.

[TS808]

Three winners, $83 million each, lump sum, after taxes.

[Soviet]

Oh, wow! I thought those results would come in later! Well, congratulations to the winners! I'm going to cry myself to sleep. (Just kidding!)