• Welcome to the Speedsolving.com, home of the web's largest puzzle community!
    You are currently viewing our forum as a guest which gives you limited access to join discussions and access our other features.

    Registration is fast, simple and absolutely free so please, join our community of 30,000+ people from around the world today!

    If you are already a member, simply login to hide this message and begin participating in the community!

Would a $590m Lotto Win Be Enough for You?

Joined
May 15, 2013
Messages
0
Likes
0
Thread starter #1
I can't believe the PowerBall lotto jackpot in the US has got to $590 and won by a single winner.

I think If put everything I wanted on a piece of paper, I would still have hundreds of millions left over.

What would you do with this kind of lotto win? Looks like it is possible here - moreaboutwinninglottery.com
 
Last edited:
Joined
Jun 23, 2012
Messages
1,730
Likes
1
Location
The Netherlands
#2
Where do they get the money for these things? And why are there still people suffering from hunger at the same time? Only talking US here, not world.

I can do nothing but shake my head at the overdrawn ridiculousness of it.
 
Joined
Jan 30, 2010
Messages
2,537
Likes
13
Location
Earth
WCA
2011GREE03
#3
I remember hearing a statistic that 10% of wages earned by people on minimum wage in the states goes on lottery tickets.
That's an average so there are people spending almost all of their barely liveable money on trying to win a dream.

If I won that kinda money I'd just add it to the pile or buy Greece.
 
Last edited:
Joined
Jun 23, 2012
Messages
1,730
Likes
1
Location
The Netherlands
#4
ROFL!! Buy Greece hehe

Amazing.. I buy a lottery ticket at new years (half a ticket even), and EVERY now and then a scratch ticket. Once in a blue moon.

Those people are better off couponing if you ask me, and then keep the income in your pocket, another way to get rich.. Couponing is another thing that can't be done here. Not like that what I see on those shows anyway. :)


What would I do.. get me a new cubing cabinet.. oh I would buy a house and pay it off, to put that cabinet in lol.. a regular farm house, nothing huge, I have to keep it clean too! Have it fenced off so my cats can play outside without the risk of being run over. :)

Give at least half to charity because I would never need THAT much money anyway.
 

mark49152

Super Moderator
Staff member
Joined
Oct 29, 2012
Messages
4,597
Likes
3,089
Location
UK
WCA
2015RIVE05
YouTube
mark49152
#5
Fund businesses, create jobs, drive innovation, etc. Or get involved in charities. Having lots of money brings an opportunity to change the world for the better in some small way, not just buy loads of stuff!
 
Joined
Jan 8, 2012
Messages
858
Likes
5
Location
exeter uk
#6
I can't believe the PowerBall lotto jackpot in the US has got to $590 and won by a single winner.

I think If put everything I wanted on a piece of paper, I would still have hundreds of millions left over.

What would you do with this kind of lotto win?
FYI you get taxed and stung to hell in the US. To take that 590million as a lump sum you really would only walk away with aroun $200million. The jackpot the advertise is nowhere near what anyone actually receives.
 
Joined
Mar 7, 2012
Messages
203
Likes
1
Location
Virginia, USA
#7
Mark 49152, great point that there is so much more than personal things. However getting involved in business ventures without business experience is usually the biggest component of how lottery winners lose it all. Lose it all fast.
 

mark49152

Super Moderator
Staff member
Joined
Oct 29, 2012
Messages
4,597
Likes
3,089
Location
UK
WCA
2015RIVE05
YouTube
mark49152
#8
Mark 49152, great point that there is so much more than personal things. However getting involved in business ventures without business experience is usually the biggest component of how lottery winners lose it all. Lose it all fast.
I was simply answering the question in the OP. Your comment applies to non lottery winners as well, of course. We're free to spend our own money on our own mistakes! :)
 

Mikel

Premium Member
Joined
Apr 6, 2011
Messages
1,321
Likes
23
Location
Iowa, USA
WCA
2011MIKE01
YouTube
rayquazapwn88
#11
Yes it would be more than enough. I would just put most of the money into the cubing community somehow. For example I could sponsor world's with $1 million prize money per event and such. Hopefully more people would get interested in the sport.
 
Joined
Aug 6, 2012
Messages
933
Likes
8
Location
Seattle, Washington
WCA
2013KWON01
YouTube
uniacto
#17
FYI you get taxed and stung to hell in the US. To take that 590million as a lump sum you really would only walk away with aroun $200million. The jackpot the advertise is nowhere near what anyone actually receives.
Lol "only".

I'd be totally happy with 200 million. If you take it a little bit at a time, won't you get taxed a bit less?
 
Top