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nwadeicer
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Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 6:16 pm

So yes, the chances of you hitting this are astronomical to say the least. I bought ten tickets... So the obligatory "What would you do with all that" They say the payout, at this moment, is around 750 million. Honestly about 650 million of that is getting donated to various causes that are near and dear to me. Animal shelters and care of neglected animals being number 1. As far as to what i'd do personally. I would purchase an apartment or condo somewhere in the caribbean for the winter and another one somewhere in the upper midwest on a lake. No fancy cars etc. just the satisfaction of knowing I could help out people and organizations. I would spend my days drinking beer and fishing, life would be perfect.
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 6:29 pm

If I won, a lot would go to the Karmanos Cancer Treatment Center.
 
B777LRF
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 8:33 pm

A fair bit would be spent on fast cars, slow horses, gambling, boats, Charlie and night fighters. The rest I’d just squander.
 
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Tugger
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 8:52 pm

My god, it would ruin my life as well as my families, and the life of everyone around me! Everyone getting money that would remove any need to do anything ever again! Just terrible.

Still I'd like to win, see what such ruination was actually like. ;-)

I have no idea what I would actually do with it beyond doing whatever I wanted.

Tugg
 
Airstud
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 8:53 pm

For me the neato question is, if you win, what's the very first thing you'd do? NOT "what's the first thing you'd do with the money" 'cause I think it's like 90 days till you actually get the money.

Despite not being extra cash-laden I do have more than $100,000 of credit available to me across multiple cards, but I still don't know what the celebratory outlay would be. Maybe a first-class ticket, say, from Anchorage to Miami, in order to have as much first-class treatment as possible?

Later on, with the money, I would visit Malawi. Malawi has been on my bucket list for too long now.

Malawi is the warm heart of Africa.
 
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casinterest
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 8:56 pm

I already bought the winning ticket. You all can just donate to the cause. :)

I would set up a trust for my closest family and friends. ( Maybe divide a large portion of after-tax winnings amongst them).
Donate to my old school
Donate to the Park services and local museums/aquariums
Donate to Cancer Research. ( maybe host some tournaments to get others to donate as well, and I will match).
Find a way to always leave some tickets to a local pro/college team for students with good grades and certificates of volunteer service.
Spend big on a beach house/boat
Maybe a lake house for some better boating.

Let it sit and earn money that I can donate to later endeavors.
 
cpd
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 9:00 pm

Tugger wrote:
My god, it would ruin my life as well as my families, and the life of everyone around me! Everyone getting money that would remove any need to do anything ever again! Just terrible.

Still I'd like to win, see what such ruination was actually like. ;-)

I have no idea what I would actually do with it beyond doing whatever I wanted.

Tugg



Yes, I’d like that money too. It wouldn’t change who I am, but I’d pay off the mortgage, get the house renovation done, few other small things like that.

Probably also extra security because everyone charity and their associates will be after their portion of the money.


I guess I’d also donate to my old school, it was a decent one.
Last edited by cpd on Fri Jul 29, 2022 9:04 pm, edited 1 time in total.
 
ACDC8
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 9:02 pm

Tell you what I'd do man.
Two chicks at the same time.

:rotfl:
 
ltbewr
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 9:10 pm

I sometimes buy lottery tickets with lower jackpots, but $100's of millions, I don't need that, have enough savings and I live modestly. To me when the jackpots get to a certain level, there should be a 2nd set of number drawn so a chance for a big winner as well as more people getting payouts.
 
LabQuest
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 9:25 pm

I'd buy as much land as I could afford all over the USA.
 
FGITD
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 10:48 pm

ACDC8 wrote:
Tell you what I'd do man.
Two chicks at the same time.

:rotfl:


I’d stay home and do nothing but watch Kung Fu with the occasional dip into the exams on channel 9
 
CometII
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Re: Mega-Millions jackpot at 1.2 billion

Fri Jul 29, 2022 11:28 pm

I don't know how true this is but ESPN is reporting the New York Islanders bought 50 thousand tickets, and if they win they will "distribute" part of the pot to full season ticket holders and luxury suite owners.

This is so wrong on so many levels, if true. First an organization like this should not be allowed to buy such tickets as it creates a pandora's box both in terms of any other company wanting to do the same, as well as conflicts of interest. Second, even if we look past this egregious activity for a moment, you will distribute the winnings with LUXURY SUITE owners of the franchise? Really, is that the best you can think of? Yes, they did mention charities and the rest, but I'm sorry, if the story is as it stands its a new low in American philosophy on the distribution of wealth. And really compared to most of the world we are pretty much in center of the brine already.

https://www.espn.com/nhl/story/_/id/343 ... ckpot-fans
 
QF7
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 1:14 am

Airstud wrote:
Maybe a first-class ticket, say, from Anchorage to Miami, in order to have as much first-class treatment as possible?

What airline on that route offers first-class treatment that is worth 9 or 10 hours of your life? C’mon man, at least do a round trip across the Pacific on Singapore Airlines or Cathay Pacific or Air New Zealand or maybe try out the Etihad suites!

Or why not book NetJets or similar?

QF7
 
scottyraven
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 2:39 am

NetJets would be my new favorite airline.
 
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Aaron747
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 8:18 am

scottyraven wrote:
NetJets would be my new favorite airline.


With $700m or so after taxes, you could more than afford your own Citation X or Global X and support system to operate/fly it.
 
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Kiwirob
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 12:23 pm

ACDC8 wrote:
Tell you what I'd do man.
Two chicks at the same time.

:rotfl:


Only two I’d want at least 10!

My wife would get half, I’d pay off my sisters mortgage, my wife siblings mortgages, I’d blow a huge wedge on cars

Eagle Low Drag Coupe
Range Rover Vogue
Land Rover Defender
Morgan Aero
Porsche Taycan Sport Tourismo
Mini Cooper S 1275 and mode the shit out of it.
Summer House
Mountain House
London Pad
Smart accountant and lawyer to hide it from the taxman and make it grow.
2m to the RSPCA
 
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Aesma
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 12:58 pm

I would save an A380 and make it my own.

In truth I think a Falcon 8X would be enough for me, and I would get the rating to fly it.

I would also like to get something like a Mig-29 if possible, or the closest thing to it that would be legal.

A ride to the ISS.

A significant car collection under a nice house.

A private warm weather island.

A fast sailing yacht.

Quit my job obviously, and do venture capital. I wouldn't donate anything significant to charity, however some investments could be into things that have a humanitarian and environmental impact, like finding solutions to droughts, etc.
 
zrs70
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 1:29 pm

First thing I’d do is talk with an attorney or investment specialist.

It’s amazing how many long lost cousins will suddenly appear.

I would donate a huge sum to my synagogue, ensure my kids have solid trusts in place, do whatever I can to end gun violence, and buy places to live in Israel and New York.
 
910A
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 2:13 pm

Alright folks, unless you purchased your ticket in Illinois you can quit dreaming.
 
johns624
Posts: 5751
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 2:45 pm

Airstud wrote:
Despite not being extra cash-laden I do have more than $100,000 of credit available to me across multiple cards.
That's quite unusual.
 
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Kiwirob
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 2:48 pm

johns624 wrote:
Airstud wrote:
Despite not being extra cash-laden I do have more than $100,000 of credit available to me across multiple cards.
That's quite unusual.


Don’t you mean quite usual?
 
ltbewr
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 3:49 pm

Apparently there was one winner for the jackpot of $1B +, sold at a Speedway gas/convenience store in Des Plains, Illinois, a suburb of Chicago. A number of others won prizes of $ 1 Million to $ 4.2 Million in '2nd' Prizes. https://www.cnn.com/2022/07/30/us/mega- ... index.html
 
889091
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 5:10 pm

Similar to Bezos and his quest to locate the F1 Rocketdyne engines from the Saturn V rockets, I'd hire investigators to look for the lost tooling for the 757....... :rotfl:
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 5:44 pm

Kiwirob wrote:
johns624 wrote:
Airstud wrote:
Despite not being extra cash-laden I do have more than $100,000 of credit available to me across multiple cards.
That's quite unusual.


Don’t you mean quite usual?
No. I can't imagine why someone would have that much available high interest credit. Of course, I haven't paid any interest on a credit card in 30+ years.
 
bananaboy
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 6:00 pm

Get an L1011 back in the sky..admittedly not at the expense of everything below, but it would be nice.
Penthouses in London, Miami, Sydney.
Funds set up for friends and family.
At least half of it would be donated to charities that I like - Parkinsons, Trussell Trust, Reubens Retreat, BHF and so on.
Squirrel a load away so I can live a decent life and continue doing the charity stuff.
Pick up where I was learning how to play the piano
 
Airstud
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 6:23 pm

johns624 wrote:
Kiwirob wrote:
johns624 wrote:
That's quite unusual.


Don’t you mean quite usual?
No. I can't imagine why someone would have that much available high interest credit. Of course, I haven't paid any interest on a credit card in 30+ years.


I don't pay credit card interest either.

Since utilization ratio is the single biggest component of your FICO score after payment history, it is smart to have a lot of high-limit cards if you're able to get approved for them and also aren't the type to use credit cards recklessly.
 
cpd
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 8:49 pm

Aaron747 wrote:
scottyraven wrote:
NetJets would be my new favorite airline.


With $700m or so after taxes, you could more than afford your own Citation X or Global X and support system to operate/fly it.


Can you really afford that though? It would chew through that money pretty fast I think.
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 9:14 pm

Airstud wrote:
johns624 wrote:
Kiwirob wrote:

Don’t you mean quite usual?
No. I can't imagine why someone would have that much available high interest credit. Of course, I haven't paid any interest on a credit card in 30+ years.


I don't pay credit card interest either.

Since utilization ratio is the single biggest component of your FICO score after payment history, it is smart to have a lot of high-limit cards if you're able to get approved for them and also aren't the type to use credit cards recklessly.
Too much available credit compared to annual salary can suppress your score.
 
dfwjim1
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 9:33 pm

Had a friend of a. friend net roughly $1,000,000 after winning a progressive lottery in Louisiana. He and his wife were always poor managers of money and they ended up blowing the whole $ 1 M in a year's time.
 
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NIKV69
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 10:56 pm

I had one number plus the yellow ball I won $4!!
 
johns624
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Joined: Mon Jul 07, 2008 11:09 pm

Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 11:20 pm

NIKV69 wrote:
I had one number plus the yellow ball I won $4!!
You did $4 better than I.
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 11:23 pm

dfwjim1 wrote:
Had a friend of a. friend net roughly $1,000,000 after winning a progressive lottery in Louisiana. He and his wife were always poor managers of money and they ended up blowing the whole $ 1 M in a year's time.
Most people don't understand that if you want a $1M to last a lifetime, you don't want to withdraw more than $35-40K a year. That's per my Fidelity advisor. You can tell the people who don't understand investing when they say "If I had a million dollars in the bank..". If you have that much in the bank and it's all you have, you're doing it all wrong.
 
Airstud
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Re: Mega-Millions jackpot at 1.2 billion

Sat Jul 30, 2022 11:36 pm

johns624 wrote:
Airstud wrote:
johns624 wrote:
No. I can't imagine why someone would have that much available high interest credit. Of course, I haven't paid any interest on a credit card in 30+ years.


I don't pay credit card interest either.

Since utilization ratio is the single biggest component of your FICO score after payment history, it is smart to have a lot of high-limit cards if you're able to get approved for them and also aren't the type to use credit cards recklessly.


Too much available credit compared to annual salary can suppress your score.



That's actually not true; salary does not figure at all into the calculation of your FICO score.
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 5:46 pm

Airstud wrote:
johns624 wrote:
Airstud wrote:

I don't pay credit card interest either.

Since utilization ratio is the single biggest component of your FICO score after payment history, it is smart to have a lot of high-limit cards if you're able to get approved for them and also aren't the type to use credit cards recklessly.


Too much available credit compared to annual salary can suppress your score.



That's actually not true; salary does not figure at all into the calculation of your FICO score.
It still affects how much money a lender will give you.
 
SRQLOT
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 6:03 pm

My family pooled $60 and only got $6 back. Oh well back to work tomorrow.
 
Airstud
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Joined: Wed Nov 29, 2000 11:57 am

Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 7:49 pm

johns624 wrote:
Airstud wrote:
johns624 wrote:

Too much available credit compared to annual salary can suppress your score.



That's actually not true; salary does not figure at all into the calculation of your FICO score.
It still affects how much money a lender will give you.


Not so much, if the credit is — as mine is — healthily unused.

I believe you are thinking of debt-to-income ratio, which lenders absolutely do consider when evaluating how much credit to grant. But that's actual debt that they're looking at, which is obviously a very different thing than available credit.
 
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einsteinboricua
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 9:01 pm

dfwjim1 wrote:
Had a friend of a. friend net roughly $1,000,000 after winning a progressive lottery in Louisiana. He and his wife were always poor managers of money and they ended up blowing the whole $ 1 M in a year's time.

This is why I'd pick the annuity over the lump sum. If I blow through whatever's assigned to me each year, I have bigger problems, but being assured steady income for 30 years without lifting a finger is everyone's dream.
 
LCDFlight
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 9:35 pm

Winning that Much money publicly would be a curse. I don’t buy tickets because for me, I wouldn’t want to win. It would make everyone know my name and want something from me. That would be a living hell.

I think lotteries are most appealing to people with poor financial habits who are constantly broke. It is a fantasy “solution” to their daily problems. They dream about it. but for those of us who are doing okay, I don’t think “more money” solves our problems as much.
 
ACDC8
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 9:49 pm

FGITD wrote:
I’d stay home and do nothing but watch Kung Fu with the occasional dip into the exams on channel 9

Kung fu - classic lol.
Kiwirob wrote:
Only two I’d want at least 10!

My wife would get half,

Kinky lol :rotfl:

In all seriousness though, I'd just travel and read books. No plan, no destination, just go from here to there and there to here, just do what the day brings. As far as long relatives and friends reappearing, let them reappear, could care less - obviously, I'd throw some towards my immediate family and close friends who've been there for me over the years.
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 9:56 pm

Airstud wrote:
johns624 wrote:
Airstud wrote:


That's actually not true; salary does not figure at all into the calculation of your FICO score.
It still affects how much money a lender will give you.


Not so much, if the credit is — as mine is — healthily unused.

I believe you are thinking of debt-to-income ratio, which lenders absolutely do consider when evaluating how much credit to grant. But that's actual debt that they're looking at, which is obviously a very different thing than available credit.
But they also think, if he goes on a buying spree and maxes his cards, will he still be able to afford to pay me. Why have all that available credit? You're never going to use it.
 
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Aesma
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 10:33 pm

LCDFlight wrote:
Winning that Much money publicly would be a curse. I don’t buy tickets because for me, I wouldn’t want to win. It would make everyone know my name and want something from me. That would be a living hell.

I think lotteries are most appealing to people with poor financial habits who are constantly broke. It is a fantasy “solution” to their daily problems. They dream about it. but for those of us who are doing okay, I don’t think “more money” solves our problems as much.


Some people would be better off saving the money they put into it each week.

I don't know how it is in the US but in France and I'm guessing Europe (we have the euromillions) your identity can stay secret. Besides, plenty of rich people manage to live in the dark, there must be a way. Keeping your poor friends and family would be the main issue I would think. For family, the annuity idea might be a good idea, 100K$ a year to your parents, sisters brothers, so that they can stop working if they want, or be more confortable. Also accompany you some places without having to rely on you to pay everything all the time (even if in the end, you're paying anyway).

For friends I don't know, that's a tough one. If you have a lifetime friend and he/she always dreamt of opening a restaurant or something like that, make it happen.

One worry I would have is someone I'm financing starting doing drugs.
 
GalaxyFlyer
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Re: Mega-Millions jackpot at 1.2 billion

Sun Jul 31, 2022 10:59 pm

First, open a trust to accept the winnings and do it anonymously.
 
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cjg225
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Re: Mega-Millions jackpot at 1.2 billion

Mon Aug 01, 2022 1:11 am

GalaxyFlyer wrote:
First, open a trust to accept the winnings and do it anonymously.

That and hope you live in a state that allows you to accept anonymously even if you don't do that.

But, yeah, you do not want anyone knowing you won this.
 
889091
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Re: Mega-Millions jackpot at 1.2 billion

Mon Aug 01, 2022 7:15 pm

cjg225 wrote:
GalaxyFlyer wrote:
First, open a trust to accept the winnings and do it anonymously.

That and hope you live in a state that allows you to accept anonymously even if you don't do that.

But, yeah, you do not want anyone knowing you won this.


I never understood why some states don't allow you to claim the prize anonymously. It's like painting a big red target over yourself for wannabe kidnappers......
 
ACDC8
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Re: Mega-Millions jackpot at 1.2 billion

Mon Aug 01, 2022 8:48 pm

889091 wrote:
cjg225 wrote:
GalaxyFlyer wrote:
First, open a trust to accept the winnings and do it anonymously.

That and hope you live in a state that allows you to accept anonymously even if you don't do that.

But, yeah, you do not want anyone knowing you won this.


I never understood why some states don't allow you to claim the prize anonymously. It's like painting a big red target over yourself for wannabe kidnappers......

Where I live in BC, one must have their name published in order to receive the winnings - you can ask to claim anonymously, but they have to approve such request. Having said that, have there been any cases in the past where a lottery winner was put into danger after their names were published?
 
johns624
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Re: Mega-Millions jackpot at 1.2 billion

Mon Aug 01, 2022 10:14 pm

Putting a name and a face to the big winners helps sell more tickets. People look at the winners and see themselves.
 
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cjg225
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Re: Mega-Millions jackpot at 1.2 billion

Tue Aug 02, 2022 1:58 am

ACDC8 wrote:
I never understood why some states don't allow you to claim the prize anonymously. It's like painting a big red target over yourself for wannabe kidnappers......

Where I live in BC, one must have their name published in order to receive the winnings - you can ask to claim anonymously, but they have to approve such request. Having said that, have there been any cases in the past where a lottery winner was put into danger after their names were published?[/quote]
Depends on what you mean by "danger."

More like you don't want people who know you, particularly those who are merely acquainted with you, to know that you won.
 
Airstud
Posts: 5032
Joined: Wed Nov 29, 2000 11:57 am

Re: Mega-Millions jackpot at 1.2 billion

Tue Aug 02, 2022 6:40 am

johns624 wrote:
Airstud wrote:
johns624 wrote:
It still affects how much money a lender will give you.


Not so much, if the credit is — as mine is — healthily unused.

I believe you are thinking of debt-to-income ratio, which lenders absolutely do consider when evaluating how much credit to grant. But that's actual debt that they're looking at, which is obviously a very different thing than available credit.
But they also think, if he goes on a buying spree and maxes his cards, will he still be able to afford to pay me. Why have all that available credit? You're never going to use it.


The likelihood of a credit issue-ee suddenly going on a buying spree is factored into your FICO score; FICO has an entire division devoted to the predictive sciences. FICO has disclosed that utilization ratio, average age of accounts, length of overall credit history all go into their scoring algorithms. Those factors identify which people keep on maxing out their cards, a behavior that lowers one's score considerably.

Why have all that available credit that I'm not going to use? To prove I can be trusted with it.
 
ACDC8
Posts: 8792
Joined: Thu Mar 10, 2005 6:56 pm

Re: Mega-Millions jackpot at 1.2 billion

Tue Aug 02, 2022 8:55 am

cjg225 wrote:
Depends on what you mean by "danger."

Since the poster I was replying to mentioned wannabe kidnappers, guess that's what I would mean by danger. I'm sure that something like that has happened in the past, just curious if it was actually a common thing or not.

cjg225 wrote:
More like you don't want people who know you, particularly those who are merely acquainted with you, to know that you won.

Personally, I can care less about them - if they've haven't made an effort to stay acquainted in the past and now want to reconnect, well, they can just 'eff right off :biggrin:
 
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cjg225
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Re: Mega-Millions jackpot at 1.2 billion

Wed Aug 03, 2022 12:05 am

ACDC8 wrote:
Personally, I can care less about them - if they've haven't made an effort to stay acquainted in the past and now want to reconnect, well, they can just 'eff right off :biggrin:

That's kinda the point, though. They'll descend on you like locust.

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Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos