$1.6 Billion for Megamillions Jackpot. Tell me what you'd do with all that cash!!!

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  • Poncier
    Poncier Posts: 17,864
    HesCalledDyer said:
     and you will not get a refund.

    Let me get this straight, you won $1.6 Billion, hired the band to do a show just for 10C members and you are making us pay for tickets.

    You cheap SOB.

    This weekend we rock Portland
  • Halifax2TheMax
    Halifax2TheMax Posts: 41,981
    You definitely want to avoid this:

    http://community.pearljam.com/discussion/17949/boston-2-puke
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  • HesCalledDyer
    HesCalledDyer Maryland Posts: 16,491
    Poncier said:
    HesCalledDyer said:
     and you will not get a refund.

    Let me get this straight, you won $1.6 Billion, hired the band to do a show just for 10C members and you are making us pay for tickets.

    You cheap SOB.

    Haha, I know you’re being humorous but I’ll explain...

    I never said it was a show just for 10C members, there is general public too. And everyone is getting free merch instead of wasting your day or half the show in line. Just show up anytime before the start time, enjoy your day prior to, then enjoy the show! I want to make this all about the music. Not about lines or imaginary lists or merch frenzy.

    Besides, I never specified the ticket prices or what the proceeds from ticket sales may go to. But it would definitely be more in line with, say, 90s/00s prices and most likely all go to charity & I’d match or even multiply that.

    Also, you don’t get $1.6b. The lump sum payout was $878m before taxes and the annuity was about $51m/yr before taxes, which is more likely what I’d take. So I’d have about $27-33m to work with to make this happen. Figure I have to pay the band, pay their crew, pay the facility, pay to offset their carbon footprint, pay for all the insurance & legal stuff, pay for all the merch production, etc. And trust me, I’d make it more than worth the while for everyone involved just to ensure the show goes on. This could easily cost me half my first year winnings.
    Star Lake 00 / Pittsburgh 03 / State College 03 / Bristow 03 / Cleveland 06 / Camden II 06 / DC 08 / Pittsburgh 13 / Baltimore 13 / Charlottesville 13 / Cincinnati 14 / St. Paul 14 / Hampton 16 / Wrigley I 16 / Wrigley II 16 / Baltimore 20 / Camden 22 / Baltimore 24 / Raleigh I 25 / Raleigh II 25 / Pittsburgh I 25
  • HesCalledDyer
    HesCalledDyer Maryland Posts: 16,491
    Halifax2TheMax said:
    You definitely want to avoid this:

    http://community.pearljam.com/discussion/17949/boston-2-puke
    That is exactly what was on my mind when I thought of that stipulation. :lol: 
    Star Lake 00 / Pittsburgh 03 / State College 03 / Bristow 03 / Cleveland 06 / Camden II 06 / DC 08 / Pittsburgh 13 / Baltimore 13 / Charlottesville 13 / Cincinnati 14 / St. Paul 14 / Hampton 16 / Wrigley I 16 / Wrigley II 16 / Baltimore 20 / Camden 22 / Baltimore 24 / Raleigh I 25 / Raleigh II 25 / Pittsburgh I 25
  • KN219077
    KN219077 Montana Posts: 1,198
    tempo_n_groove said:
    mickeyrat said:
    mcgruff10 said:
    I could literally give every single American one million dollars and still have 600 million left over.  Wow. 
    cash option isnt after taxes...... the other 700 million is what would accrue for payout over the life of the payout.
    Correct.  If you did cash option  you would get like 500 mil after taxes.  That is a third of what it was.

    If you opted for the 30 year payout you would have received 53 mil before taxes and about 30 mil a year after.

    The question would be could you take the 500 mil guaranteed and turn it into the 900 mil you would have gotten over 30 years?

    Or just screw it and enjoy the 500mil?
    I would tale the 30 year payout so I didn’t really screw things up and blow it on dumb stuff. I’d also have to keep working to keep my head on straight and not change jobs for a while. Also, to maintain sanity, I’d have it set up so that I couldn’t use more than like $10k a month for spending money after all bills are paid.

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