Perhaps if the people of Florida feed Ron DeSantis to The Clam, the curse upon their state will finally be lifted?

$20 million listed jackpot. 40% taken off for the lump sum brings us to 12 million. Approximately 1/3 from federal and state taxes brings you to 8 million.

Thanks for playing!

But they didn't, so why bring up a random hypothetical like that?

I think if you’re in your 20s you could absolutely retire for life if you win $10m.

The government is going to take half of it back in taxes which leaves you with $5m. Even if you don’t invest any of it in anything, if you live to 80, that would be like $83k/yr not including social security that you would be able to collect past 65

Heck maybe you go out and buy a $400k house in cash saving a bunch in interest payments. That would still leave you ~77k/yr for life.

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Just get a hobby. I play golf and would golf every day for the rest of my life.

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you have to factor in the winnings are cut in half if you take a lump sum

the lottery is a scam though… your chances to win are so infinitely small that it’s statistically probable to call it statistically impossible.

> There's a lot of confirmation bias in the research in regards to lottery winners, because many don't go public with their win and are not studyable (is that a word?).

I think the bias might be a selection bias. The bulk of lottery tickets are likely purchased by the people who are least likely to make good decisions with money, demonstrated by the fact that they spend a lot on lotto tickets.

I'm not sure I understand what the number of employees had to do with a person buying a lotto ticket because it's at 747 mil.

Payout for the bulk payment isn't the same as the jackpot. You wouldn't walk away with 20M, you'd get about half of it.

That’s some terrible math 😂. At that amount the federal tax is at 24%, plus state tax (if the state charges tax). Someone winning a $20 million Jack pot alone is likely to walk away with $13 million on more depending on the state.

yeah like i already just play video games and go on hikes at the park every once in a while. Im cozy doing this. Having 300mil would get me a new pc and new boots, nothing else is changing lmao.

I like the food bank part, but the extra ten grand to throw a party would have been nice to just give everyone a bonus.

Sounds like the pizza parties instead of raises type deal lol

Seriously. Anyone who needs more than a few millions needs to reevaluate their lives. Buy a house in cash and stick their rest in a high yield savings account, live off the interest and cash out in retirement. You could do a reverse mortgage in your retirement years if things get tight.

Uplifting since she will leave a bunch of clowns behind effective immediately

I mean, idk where you live but in Washington state you're not allowed to claim your winnings anonymously. I think it's meant to prevent accusations of the lottery being rigged, because they can point to a specific named winner instead of having to say "no we didn't just pocket the money, we promise, just trust us :)"

Lottery is a scam, a tax on working-class people, an “innocent” way of gambling

Where can you move to where hundreds of millions isn't noticeable? That would actually be liveable lol, I at least would rather a monkey shoot me with a shotgun that live in places like LA or NYC

at which point does Boeing step in and asks for cut of winnings, for providing the number?

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r/dividends is calling. Put $50 million in a 3% dividend etf stock and passively earn $1.5M a year for your life and your kiddos