Board 8 > One Player in MASSACHUSETTS has won the 758.7 Million POWERBALL Jackpot!!!!

(+) Yeah! (+)

After days of anticipation over the second biggest jackpot in US lottery history, one person has won...and the ticket holder is in MASSACHUSETTES!!

They matched all 5 numbers, 6, 7, 16, 23 and 26.

That person may now walk away with 758.7 million smackers having beaten the one in 292 million odds to win

If the winner wants to take home the total jackpot sum, they must choose to have it in paid out in a 29 year annuity..

Most however will choose the lump sum and in this case, 443.3 million moolah..minus the federal and state taxes that eat up 30% of their winnings.

Tom Rietz, a professor who researches probabilities says your chance of winning is roughly comparable to being that one lucky person out of the entire population with everyone else losing

Players have better odds of one in 25 of a lesser prize.

Those odds range from 1 in 11.7 million of winning 1 million for matching the 5 regular balls to one in 38 for matching the Powerball and winning $4.

This jackpot was second to only a massive 1.6 billion prize that was cashed out in January 2016.

Powerball is played in 44 states and Washington DC, Puerto Rico and the US Virgin Islands.

Powerball's white balls are numbered one through 69, the red power ball is numbered one through 26. Tickets for the twice weekly draw cost 2 bucks each.

Did you play in this powerball?

http://i.dailymail.co.uk/i/pix/2017/08/24/06/437F6A5E00000578-0-image-a-10_1503554204991.jpg

http://i.dailymail.co.uk/i/pix/2017/08/24/07/437ECC5B00000578-0-image-a-11_1503554827328.jpg
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mrduckbear posted...

they must choose to have it in paid out in a 29 year annuity..

Most however will choose the lump sum and in this case, 443.3 million moolah

"26 million dollars per year isn't enough income for me. I will give up half of my money just to be able to hold more of it right this second."
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Well, supposedly if you actually look at it, it's smarter to get the bulk payment and just invest it

Due to the way inflation and compound interest works, you'll end up with more money after 30 years that way

The only reason to take the yearly payments is if you think you're literally unable to prevent yourself from spending all the money you visibly have access to at any given moment
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banananor posted...

Well, supposedly if you actually look at it, it's smarter to get the bulk payment and just invest it

Due to the way inflation and compound interest works, you'll end up with more money after 30 years that way

The only reason to take the yearly payments is if you think you're literally unable to prevent yourself from spending all the money you visibly have access to at any given moment

This. Hire a financial adviser as soon as you win, and they'll tell you to take the lump sum. You should hire one anyway if you're getting 26 million per year.
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mrduckbear posted...

Tom Rietz, a professor who researches probabilities says your chance of winning is roughly comparable to being that one lucky person out of the entire population with everyone else losing

Huh?
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ProfitProphet posted...

mrduckbear posted...

Tom Rietz, a professor who researches probabilities says your chance of winning is roughly comparable to being that one lucky person out of the entire population with everyone else losing

Huh?

Hahaha
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