$450,000,000 Powerball

46,668 Views | 468 Replies | Last: 9 yr ago by Zamacuco
45-70Ag
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AG
I'd go to fan duel and double my money.
Tagguy
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AG
quote:
That would be a really big suitcase. A hundred million dollars in $100 bills literally weighs a ton. Tomorrow's Powerball jackpot is estimated at 14 tons.


Actually.....

Each 100 dollar bill weighs 1 gram according to the US Treasury.
454 grams in a pound
$1,000,000 in hundred dollar bills would be 10,000 bills
That is 10,000 grams or 22.0264 pounds
$1.4 Billion would be 14,000,000 hundred dollar bills.
Those 14,000,000 hundred dollar bills would weigh about 30837 pounds.
With 2,000 pounds in one ton that would be approximately 15.42 tons.

OR

You can go by the Federal Reserve Bank's bulk calculations...
1 cash pack = 16,000 notes = 35 pounds
16,000 goes into 14,000,000 notes 875 times
875*35 would be 30,625 pounds
All that would be approximately 15.31 tons.


Either way you are looking at over 15 tons of money assuming $100 bills
TexasRebel
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Time to bring back Salmon P. Chase!
Tagguy
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quote:
Time to bring back Salmon P. Chase!
That should certainly cut down on the weight. That said though I don't have any reference as to how much a $10,000 bill weighs.
commando2004
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So, how exactly do they pay the lottery prizes? Do you just take the giant check to your bank and deposit it?
histag10
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I'd prefer direct deposit.
Swarely
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Yea you do
Agnzona
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My bank would put like a six year hold on a check that size I reckon.
Brian Earl Spilner
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AG
Office pool, min $10 contribution. Yay or nay?
histag10
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Nay. If they win, they have to split the money
TexasRebel
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How many people?

Should be min $2 with prizes awarded based on entry percentage.
txaggie_08
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quote:
Office pool, min $10 contribution. Yay or nay?
My group is doing this, but there's only 9 of us. I'm okay with splitting a billion dollars 9 ways.
Brian Earl Spilner
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I think it's around 20 people.
Agnzona
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The Playboy Mansion is for sell.........
Tagguy
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quote:
The Playboy Mansion is for sell sale........
Goose
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The more I think about it, the more I think I'd take the annual payments rather than the lump sum payout. And here's why: I have a bad feeling that if a billion dollars (or close to it) landed in my checking account I'd be in a position to live a really, really unhealthy lifestyle. And at 46 years old, I just don't see myself surviving that for very long. Now if I needed to survive another 30 years to receive all my winnings, then I could see myself making much better health decisions, both in the near and long terms. I'm not really too big on working out and eating right, but if somebody said they'd pay me $47 mil a year for the next 30 years, I bet I could manage to work in some time on the treadmill and a few more salads here and there. Yup, annual payments for me.
The Collective
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Not a bad theory
Stive
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I thought it was interesting that Mark Cuban advised taking the annuity. I think his thought was based mainly on human nature and people blowing through money.

Hi, Im Brett
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Not sure I could blow through half a billion if I tried

I guess a billion ain't what it used to be
The Collective
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AG
For perspective, we are talking about a check for approximately $540k/week for 30 years (net of tax). I don't know how they structure annuity payment frequency in the lottery, but that is beyond silly. Could you imagine seeing that deposit every week? It'd be kind of entertaining. Of course, it'd also be interesting to sign / confirm wiring instructions on $800 million.
Stive
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quote:
For perspective, we are talking about a check for approximately $540k/week for 30 years (net of tax). I don't know how they structure annuity payment frequency in the lottery, but that is beyond silly. Could you imagine seeing that deposit every week? It'd be kind of entertaining. Of course, it'd also be interesting to sign / confirm wiring instructions on $800 million.
I think I read where you immediately get the first check, and it's followed by 29, annual payments going forward.

mike_ags_fan12
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All righty. Me and 11 coworkers have a coming total of 34 lotto tickets. Crossing fingers!

A guy here in Corpus spent $1,000 worth of lotto tickets just for himself.
ChoppinDs40
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AG
tax on the poor.
Caliber
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AG
These people are going to be pissed when they still lose...

http://www.tampabay.com/news/nation/tampa-buddies-form-mother-of-all-powerball-pools-145000-for-72500-tickets/2261154
GigEmBevo
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quote:
Not sure I could blow through half a billion if I tried

I guess a billion ain't what it used to be


The point is not to.
45-70Ag
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AG
quote:
These people are going to be pissed when they still lose...

http://www.tampabay.com/news/nation/tampa-buddies-form-mother-of-all-powerball-pools-145000-for-72500-tickets/2261154



Insane
Dad
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I've decided that if I win I'm going to share my winnings with texags.

I will do that by getting a Varsity membership.
The Shank Ag
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If I win I'll buy texags and give cash prizes to the general board post of the day that makes me laugh the hardest
AliasMan02
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Honestly, if you're gonna play the lotto, this is how you should do it.
Rapier108
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4-8-19-24-34 and PB is 10
mike_ags_fan12
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34 tickets and I only got One powerball
redd38
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Hopefully no one else won either
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redd38
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What's the powerplay multiplier?
VikingNik
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Surely someone hit on those numbers.
 
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