Yeah, that's the part that really blows my mind. Even a paltry 10 million in a mutual fund would net you 500K a year perpetually. I could get by on 500K a year for the rest of my life.
I would take the lump sum, invest a comfortable amount in T-bonds, mutual funds, ETFs and put maybe 5% in higher risk like crypto / pot stocks / biotech. Then I would invest heavily in real estate in no-brainer resort areas. Hire a money manager / accountant and a real estate manager, move my entire family to a secluded island in Central America and then never do anything ever again.
If you take the yearly thing .. . . it is like 17 million a year So . . .if someone is not good with money and don't want to manage it through stocks and bonds that maybe the best option Rocket River
If I win, I'll make sure and rent a luxury suite for the season and party with clutchfans members every game.
No - they are just a different form of entertainment like a movie or whatever else you might spend money, with a tiny chance of a net return. For $1, you get to dream of being rich and get a few seconds of excitement when you try to see if your numbers line up. It's no different than people spending $1 on an arcade game or gambling or buying a snowcone. Or, if you find the flawed lotteries, they are a solid source of profits: https://highline.huffingtonpost.com/articles/en/lotto-winners/
If I win, I'll buy penile enlargement procedures for a number of you twits. You know exactly who you are.
I'm most likely wrong if you take the full amount its 40% off the top and 40% of what is left goes to taxes. Payments you get the full amount over 20 years and pay 40% tax.
