🏈 Who's playing the Powerball...winner comes from Cali ...

[RhinoGuy]

My wife would end up with half.

 

[TG1JAY]

My wife would end up with half.

I see what you did there

 

[AFF]

I didn't play Wed. Might grab a ticket for giggles for Sat drawing.

When you win, will you take a lump sum or installments? How much will you donate to RollTideBama?

 

[RhinoGuy]

I didn't play Wed. Might grab a ticket for giggles for Sat drawing.

When you win, will you take a lump sum or installments? How much will you donate to RollTideBama?

It would be hard not to take the lump sum. The 25 year plan would probably work better because of my age. It would still be tons of money coming in every year.

 

[BamaFan334]

I'll be damned if the government went under or the lottery went bankrupt in ten years and I left my money in their hands. There is no one I trust more than myself to find a way to survive and cope with that kind of money. The way this country is, you would really trust them to hold your cash for you for 20-25 years?

 

[doemasters]

I would take all of the rolltidebama members to the Alabama championship game

 

[RhinoGuy]

How big of a hit do you take when choosing the lump sum option?

 

[planomateo]

Depends on the state/local tax rate.

According to Lottery Calculator on a $700M Powerball

$434M lump, but after 39.6% federal tax rate you'd get $262M. If you opted for payments every year for 30 years, you'd get $14M after taxes per year.

Basically $262M lump or $420M with payments (both are after taxes).

 

[planomateo]

Not sure which I'd take, I'd definitely spend some money talking to someone about the pro's / con's of each decision to help make the best decision.

 

[RhinoGuy]

Depends on the state/local tax rate.

According to Lottery Calculator on a $700M Powerball

$434M lump, but after 39.6% federal tax rate you'd get $262M. If you opted for payments every year for 30 years, you'd get $14M after taxes per year.

Basically $262M lump or $420M with payments (both are after taxes).

I'm pretty sure I wouldn't take the lump sum then. I could have plenty of fun with 14m a year.

 

[RhinoGuy]

I could snort a lot of coke with that kind of cash

 

[OldPlayer]

Lottery is estimated to be $800 million now. Who isn't willing to spend $2 for a chance?

For those that are debating whether or not to play, while spending $100 on tickets improves your odds 50x, your odds are still smaller than small. I'm going to take $10, let the machine pick the numbers (more winners from quick picks than playing "favorite numbers"), take the lump sum payout, and hope for the best. If I have the winning numbers along with others, I'll offer to buy their tickets at 5x the cost they paid.

 

[XXL TideFan]

I'm going to wait until it gets up to some real money, then when I win it.......gonna buy me a 2 story double wide.

 

[RollllTide!]

I will fix the brakes on my truck

 

[RollTideinGA]

$2 for a chance at $800M. I'll take my chances. I'd take the lump sum. Set aside a trust fund for my two kids. Pay off all my debts and my parents then take my wife on a huge vacation. Then I'd save some and donate some.

 

[AFF]

I'm pretty sure I wouldn't take the lump sum then. I could have plenty of fun with 14m a year.

I'd take lump sum. A modest 7% return doubles your money in 12 years.

Another way of looking at it is $262 Million investment at 7% / year would yield roughly 18+ Million/year before capital gains. At 39.6% capital gains tax, that's still $11 Million a year without ever touching the $262 Million.

If you could get a better 10% return then that would grow to $26.2M/year or $15.7M/year - after tax - without ever touching the $262M.

Even if you spent every cent of that $15.7M/yr - after 25 years you'd still have $262M

 

[bamatommy]

The odds of winning are so small (better chance to be hit by lightning) that it's basically a waste of money. But, there's always a chance.

Great choice of video!

 

[bamatommy]

$2 for a chance at $800M. I'll take my chances. I'd take the lump sum. Set aside a trust fund for my two kids. Pay off all my debts and my parents then take my wife on a huge vacation. Then I'd save some and donate some.

Something like that

 

[AFF]

I'd prolly get one of these Nick Saban Signature Series just because....

Mercedes-Benz of Birmingham | New Mercedes-Benz, Smart dealership in HOOVER, AL 35244

 

[Bammerboy321]

I could snort a lot of coke with that kind of cash

Import the good shit from Cuba. None of that fake shit Gallettes has.

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