Megamillions jackpot current at positive expected value

ds123 · Aug 29, 2009

I'm calling this play a guaranteed lock. This is about as a sure thing as it gets:

If you buy every single combination, you will profit $175M.

The only question now is, where can I find a bank that will front me a loan like that?

MikRetSam · Aug 29, 2009

what if u have to split it with 12 other people :think2:

letsgohoosiers · Aug 29, 2009

Would have been out millions if you took out that loan - since the jackpot was split.

mrpotter1 · Aug 29, 2009

You also forgot about a little thing called taxes. Lottery winnings are taxed at 50%. You also forgot about how much you would be giving up to get the lump sum in order to pay back your loan. The lump sum is about $200 million and then aftert taxes you are looking at $100 million. Since this was split you only get 1/3 or $33 million. Considering what you borrowed and what you won I would say your life would be completely over.

dirtymoose · Aug 29, 2009

there was a tv show about this where people tried it. they failed.

ds123 · Aug 29, 2009

MikRetSam said:
what if u have to split it with 12 other people :think2:

(Don't ruin my fun here)

ds123 · Aug 29, 2009

mrpotter1 said:
You also forgot about a little thing called taxes. Lottery winnings are taxed at 50%. You also forgot about how much you would be giving up to get the lump sum in order to pay back your loan. The lump sum is about $200 million and then aftert taxes you are looking at $100 million. Since this was split you only get 1/3 or $33 million. Considering what you borrowed and what you won I would say your life would be completely over.

There would be ways around that. You can set up a company, call the ticket costs an investment/business expense, and the winnings your return on your investment, and argue to be taxed only on that amount.

mrpotter1 · Aug 29, 2009

ds123 said:
There would be ways around that. You can set up a company, call the ticket costs an investment/business expense, and the winnings your return on your investment, and argue to be taxed only on that amount.

Would still only give you about $50 million.