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+--- Thread: Powerball Lottery Winners Decline $200M (/Thread-Powerball-Lottery-Winners-Decline-200M)
Powerball Lottery Winners Decline $200M - Greece - 01-21-2016
"The Robinsons chose to receive the lump sum cash payment of $327,835,000 rather than the annuitized amount of $528.8 million. The retailer location received $25,000 for selling the winning jackpot ticket."
Would you dencline $200,000,000 if it meant you had to wait a year to claim your winnings? I'd just wait the fucking year then my ancestors would be rich af. They're the only ones who have claimed their winnings so far also. 1/3
Source: http://www.powerball.com/powerball/winners/2016/TN_Robinson011316.shtml
RE: Powerball Lottery Winners Decline $200M - ImmNinjaxD - 01-21-2016
(01-21-2016, 02:13 AM)Greece Wrote: "The Robinsons chose to receive the lump sum cash payment of $327,835,000 rather than the annuitized amount of $528.8 million. The retailer location received $25,000 for selling the winning jackpot ticket."
Would you dencline $200,000,000 if it meant you had to wait a year to claim your winnings? I'd just wait the fucking year then my ancestors would be rich af. They're the only ones who have claimed their winnings so far also. 1/3
Source: http://www.powerball.com/powerball/winners/2016/TN_Robinson011316.shtml
I'd most likely wait a year because i'm not the type of person who enjoys spending money (I enjoy watching it accrue), but if you have some plan to invest it in something & have it mapped out, I might consider claiming it. 200 mill though, that's a lot.
RE: Powerball Lottery Winners Decline $200M - Dismas - 01-21-2016
Ancestors? In a year?
RE: Powerball Lottery Winners Decline $200M - Greece - 01-21-2016
(01-21-2016, 02:28 AM)Oni Wrote: Ancestors? In a year?
Like my children and children's children.
(01-21-2016, 02:27 AM)ImmNinjaxD (⌐■_■) Wrote: I'd most likely wait a year because i'm not the type of person who enjoys spending money (I enjoy watching it accrue), but if you have some plan to invest it in something & have it mapped out, I might consider claiming it. 200 mill though, that's a lot.
True, $200,000,000 is a shit fucking load of money though.
RE: Powerball Lottery Winners Decline $200M - ImmNinjaxD - 01-21-2016
(01-21-2016, 02:30 AM)Greece Wrote: True, $200,000,000 is a shit fucking load of money though.
Yeah, that's pretty indisputable, even after taxes.
Although, now that I think about it, I might be worried if I owned that much money. My personal desire for money ends when I don't need anymore. Since I don't want kids, i'd divvy the money up to people I believe deserve it, leave a certain % for myself so i'll never need to work again (but i'd still do shit, since I personally hate being idle), and that'd be that. In that case, I might claim it immediately, so I wouldn't need to wait a year to be happily unemployed.
RE: Powerball Lottery Winners Decline $200M - Pirate - 01-21-2016
I wouldn't wait the year. A large sum of money would be taken anyway
RE: Powerball Lottery Winners Decline $200M - Hoax - 01-21-2016
I would wait a year. Then I'd invest it and I would buy a house somewhere or just build one. But I'd take my friends to spain during vacation to go out and stuff.
RE: Powerball Lottery Winners Decline $200M - The Real Slim Shady - 01-21-2016
You guys clearly don't understand how lotteries and annuitization works.
They would not get the lump sum just for waiting one year. Depending on the lottery terms, that total 1/2 billion would be paid out over somewhere between 20-30 years. So they'd be looking at about 15-20 million a year in payments.
Now if you were 20-30 years old... thats a decent solution. that could set you up for life. Never need to worry about money again.
However, if you're 40-50-60 years old... do you really wanna wait until you're possibly 90 to get all your winnings?
There's also other things to consider. Smart Investing 300 million now could set you up to have billions in 10-20-30 years from now. Of course you could screw yourself too. And then theres taxes. Do taxes ever go down?? 30 years from now the taxes on that money could be far more than what they are now. Or even if you are just 20 now - what happens if you get cancer in 5 years? sure the rest of the money will be paid to your estate... but maybe you wanna go out in a whirlwind of coke, ecstasy, and high end prostitutes while travelling around the world. Sure 15 million would get ya a fare ways, but I bet ya i could think of a lot more to do with just a year left to live haha.
RE: Powerball Lottery Winners Decline $200M - mothered - 01-21-2016
(01-21-2016, 02:13 AM)Greece Wrote: Would you dencline $200,000,000 if it meant you had to wait a year to claim your winnings?
I certainly would wait a year.
200 million Is a lot of money to throw away due to being Impatient.
RE: Powerball Lottery Winners Decline $200M - The Real Slim Shady - 01-21-2016
(01-21-2016, 01:19 PM)mothered Wrote: I certainly would wait a year.
200 million Is a lot of money to throw away due to being Impatient.
And what if you had to wait 30 years, which is actually the case?