Poor Licentia, Poor Licentia,....And He was so proud of that system, that it just breaks my heart, that Sonny came along and destroyed his dreams of someday becoming a millionaire, by locking the thread. I dont think he'll ever be back.
I lost...:cry: again... :cry:
Okay I'm setting up a firing squad to get the guy that gave me the Wrong ticket!. Anyone with me? :gun: :yikes:uh oh :violin: :grin:
That payout is over 30 years. You need to discount the value of the payout, because it won't all come at once. Money now is more valuable than value in 30 years, because you can invest it. It's probably not +EV until a much higher number.
right now there is a lawsuit over that $207 mil jackpot
the guys that were pooling together got in an arguement over the winnings
(Dead link: http://www.msnbc.msn.com/id/28379193/)
That payout is over 30 years. You need to discount the value of the payout, because it won't all come at once. Money now is more valuable than value in 30 years, because you can invest it. It's probably not +EV until a much higher number.
Actually, the lottery will discount it for you, so there's no guesswork. If you're lucky enough to win, you have the option of taking a lesser amount as a lump sum payment immediately.
Also, you have to take into account taxes that you will pay; if you take a lump sum payment, you'll be in the highest tax bracket, and your aggregate tax rate will approach the highest marginal tax rate.