Everyone can dream about winning the powerball, but what would you do if you were to actually win it? (No, I do not have the winning ticket ) I am just curious, I saw the CNN reporting that winning the lotto have ruined the lives of many families. Here is what I would like to do move to san diego. live half the year in Shanghai, China Setup the best gaming room setup a fund to educate kids in third world countries watch ten Houston games in luxury boxes at Toyota Center Tip the tip jar big time link Winning Powerball Ticket Worth $340M Sold By DAVID PITT, Associated Press Writer 1 hour, 13 minutes ago DES MOINES, Iowa - All eyes were on Oregon, where someone bought the winning Powerball ticket worth $340 million. It was the largest jackpot in the game's history and the second-biggest lottery jackpot in U.S. history. ADVERTISEMENT The winning numbers drawn Wednesday evening were 7, 21, 43, 44, 49 and 29. Powerball officials said the winning ticket was sold somewhere in Oregon. They had no other information. Forty-seven tickets sold matched the first five numbers drawn but failed to match the Powerball. They win $200,000 each, plus a bonus of $653,492. The odds of hitting all six numbers were 1 in 146 million. The drawing capped a day of heavy sales in all 27 states where Powerball is played, plus the District of Columbia and the U.S. Virgin Islands. The jackpot had been snowballing since mid-August, with 20 straight drawings in which no one won the grand prize. "We're swimming in it today," said Marianne Ward at the Cash & Dash in Little River, S.C. "We've sold more than $2,000 in tickets since 6 a.m." Mary Neubauer, spokeswoman for the Iowa Lottery, said hundreds of ticket buyers had played a set of numbers from the ABC drama "Lost," which featured a character who won $156 million by playing a string of digits obtained from a patient in a mental institution: 4, 8, 15, 16, 23 and 42. "I just think it speaks to people's fascination with numbers and the what-if factor," Neubauer said. Susie Siebke crossed the Mississippi River from Illinois to buy 25 Powerball tickets for herself and five co-workers. "We only buy just whenever it gets this high," Siebke, 30, said as she stood in line at a convenience store in Bettendorf. The biggest lottery jackpot in U.S. history was $363 million, won by two ticket holders in Illinois and Michigan in 2000.
I would buy a minority ownership in the rockets. Also live on a stipend of 4k a month. That should suffice for 100 years
I would use the money to create an amusement park where guests can see genetically engineered dinosaurs and there would be NO NEGATIVE REPRECUSSIONS! And if that doesn't work I would go to Vegas and let it all ride on black!
i think i would buy a big area somewhere in the himalaya's and start a snow leopard reserve. . and before that i'm going to travel to a lot of places, south america, Houston(and ofcourse i'm gonna watch a rockets game).
I'd probably : Buy parents a new house and car. Donate a lot of it to family overseas. Build a house with a massive gameroom and home theater and make it incredibly energy efficient (lol). I dunno... I'd probably throw the rest into investments and start donating to charity here and there.
I'm not saying it's easy or Les is doing a bad job, I think he is doing a great job and it wouldnt be easy, but I would love own the Rockets..
My Dad would immediately retire and my parents would have a house anywhere in the world they wanted. The rest of my family would be out of debt and my nieces and nephews would have their education paid. I would donate a large chunk to various charities and organizations. My first big splurge would be Rockets floor seats. Then I would buy a Winnebago and follow DMB around all summer while hitting various ballparks around the country. I'd also stop in Omaha for 10 days in June. After that, I'd buy a condo in Chicago, a beach house in Santa Cruz county, California, and a house here. Then, I'd invest half in mutual funds and give the rest to my friend Saheib in securities.
Let's see. $340M...take the money now option = $170M. $170 Million - taxes...let's be conservative = $114 Million take home. Put in tax free muni bond fund earning around 5% tax free...or equivelent to about 7-8% taxed. $114 Million in cash and assets + $5.7 Million in tax free income per year. Live off of the $5.7 million a year and don't touch the actual winnings at all. I'd make sure my family and close friends didn't have to worry about anything, set up trusts for my future kids so they won't have to worry about anything. Donate a bunch to my church and other charities. I'd probably take all my friends to Vegas for a blow out week as well. Other than that, I'd try to live a somewhat normal life. I would probably set up some kind of charitable organization that I would run to keep myself busy.
I wouldn't tell a SOUL except my wife. I would quietly quit my job but not necessarily immediately. I would finish out the semester in law school and then decide if I wanted to come back (unlikely). I would invest a vast majority of the money in very stable assets and live off the interest / earnings. We would probably move away.
I wouldnt tell anybody, but rub it in one persons face just to stick it to them. The rest, send my parents off to somewhere. Buy all the houses in fifth ward, and then refix them and sell them for higher. Nah, just kidding about that, but yeah, I would send my parents off somewhere. Probably buy my parents house, (where I live,) and fix it, and sell it off. Buy a new house. and thats about it.
my parents wouldn't move out of their house but they would get a lot of money. i'd get my dad a nice plasma tv to watch the rockets and stros on. i'd give a lot to my church and wife's parent's church. buy season tickets to the rockets for the rest of my life, then pass them down to my future kids.
I've always wondered this, when you win this amount of money instantly can you actually set it up some how where you can live off of what it earns you yearly? Also how do they pay you when you win this amount? Do they just deposit $100+ million in your bank account or what?
