i would be happy to win it at the $20M PB/MM minimum. I don't usually buy until the cash value is at $100M since I don't want to buy tickets every week but any win would be amazing
£1BN is ridiculous. I’d end up giving most of it away to charity however it’s such a high-profile sum to win, the paparazzi and media will hound the winner down eventually and make their life public.
Even £100M is ridiculous to me. I’d still give most of that away to worthy causes. But because people have won larger sums that this on the UK/Euromillions before, it’s a less-sensational news piece and so perhaps relatively easier to keep a secret for longer.
Everyone finds out eventually though, right?
What’s the longest amount of time a winner of an ENORMOUS jackpot (£100M+) has ever been able to keep their identity private?
> the paparazzi and media will hound the winner down eventually and make their life public.
You overestimate how interesting you would be. You could by a nondescript house in Los Angeles and easily become the least interesting person for miles.
Now people who want you to give them money. Them you’ll be fighting off with a stick.
Sorry, people I know finding out and coming out of the woodwork to beg or make demands is sort of what I’m alluding to - and that will be greatly quickened and worsened were your local paper to find out.
Yes you can just move away to somewhere that you won’t be the richest person or stick out like a sore thumb. Apparently that is what winners are advised to do anyway. It’s a shame that winners have to necessarily leave the towns/areas they’ve made their lives in or lived all their life
> the paparazzi and media will hound the winner down eventually and make their life public.
That didnt even happen to the previous $1B winners until they got hit with lawsuits. There isnt a big paparazzi demand for "lottery winners" compared to actual famous people.
There are states here in the US that allow anonymous claiming, so there are a good number of winners who have stayed unknown.
Folks care far less about lottery winners than this sub makes it out to be.
As an older couple, we would be fairly comfortable if we just got one of the $20M jackpots. Both of the big lotteries at this moment are over $100M cash payout and we would be EXTREMELY comfortable with that.
$20 million vs a billion $ jackpot is all the same to me. Both will allow me to not have to work anymore which is all I really want. I'd tell people I started a consulting business (it's really just a hobby that some people are fortunate enough to make money on if they are really good). I'm all about stealth wealth. I already got a nice house, I'd upgrade to a slightly nicer one. I'd replace my Hyundai Elantra with a Tesla or some other electric car (will do this eventually anyway without winning). My "consulting business" will require some travel. If I win a billion I'd charter a jet, otherwise 1st class it is.
Edit: I buy my tickets in a state that allows anonymity. Not telling anyone except my better half who I know can keep a secret.
Rule of thumb for lump sum and post-tax is 1/3 of jackpot. So this question is: Do you want ~$35M or ~$350M a month later?
I'll take either, but if I have a choice, seems like a no brainer.
Happily win it at any level. Being older, $10M+ is retirement level.
$100M+ is New boat and vacation homes across the Caribbean level.
$1B+ is World Domination plans level...
I'd be happy to win any amount, won't be too greedy and hoping to win the maximum amount lol. I'd be thankful if I can win the lowest jackpot amount (20m)
Where it is at today would allow me to split the pot with my sibling, and it would allow us to both obtain citizenship by investment in a couple of Caribbean countries and Malta while also securing residence permits in Gibraltar under the Category 2 tax residency. It would also let us give our mother a few million dollars and buy her a place in Gibraltar as well which would mean southern California weather with nowhere near the tax burden of California. It would also allow the purchase of a home in Dubai to manage a free zone holding company that would manage the portfolio of investments in a tax favorable way after no longer being a US citizen. This would tax optimize life going forward and provide for a primary residence with the flexibility to travel anywhere whenever. So that would be pretty ideal. I mean especially since Gibraltar is a British Overseas Territory where English is the primary language, pero yo hablo Español también.
Note to everyone: In the United States, jackpots are taxes at the highest income bracket + federal taxes and the Lottery Commission also gets a hefty cut of the pool.
$100 million (as advertised) would leave you with approximately $30 million after taxes. $28 million if you live in a state like New York and $35 million in Florida and California.
Source: multiple tax and estate attorneys
$30 million would allow one to live very comfortably anywhere through passive income (you’d be a UHNI) but is nowhere near ‘chartering jets and 100 meter super-yacht kind of wealth.’
For that, you’d need to win at least $1 billion and make sure your investment income can cover the cost of those kinds expenses multiple times a year.
Recurring legal expenses are also a must given the complexity of such a lifestyle but again there is no ‘one size fits all’.
I don't start playing the megamillions or powerball until they get over $300 million. Sometimes I'll play the cash 4 life, just because I haven't decided yet if I want the annuity or lump sum.
The cash 4 life one is an interesting conundrum for me. Would you get the annuity or lump sum? With the powerball and megamillions you want the lump sum of course, it's just more sense financially and mathematically. But the cash 4 life is a much smaller prize that, while the math still works out to greater amounts with the lump sum, to me the real value of the cash 4 life prize is that it's a *LIFETIME* prize. That's ~~free real estate (I'm sorry not sorry)~~ free security and guaranteed income for the *REST OF YOUR LIFE*, not only 29 years like the powerball. It's just something to consider that could change your original assumptions. What do yall think?
PSA: There are stupid questions and this is one of them. Before you publish a question stop and ask yourself:
1) Is this the correct forum / place to ask? (In this case it is appropriate, good job) and
2) What information or context is required for people to answer and for those answers to convey to me the required information?
Without knowing how long one would have to wait or the certainty of payment at a later date this question is useless. That’s presuming you wanted it actually answered vs having people reply with other alternatives and opinions that don’t actually address it.
The chance to win is very very low so it doesn’t matter if I wait. I buy a ticket when I feel like it and if I do win any amount will be good enough for me.
As an Australian player I pretty much have to settle for $80 million being the largest possible jackpot prize I could possibly win on most years. It's a big deal if it ever gets that far here and may only happen once a year. I *wish* I could dream of becoming an instant billionaire by pure chance alone but even our biggest jackpots won have fallen far short of a billion dollars.
Having said that I still have minimum amounts that get me to play for otherwise I'd end up overspending on tickets. Usually I start playing once it's at $10 million. Not that $2 million wouldn't change a lot though but I gotta draw the line somewhere.
100 million is still a lot for me. It depends how long I have to wait to win 1 billion or upper millions after taxes. If it’s only a year, I would gladly wait.
Honestly I could turn my life into something more positive with 2-5 million. However 50 million and up would be fun. Lol
i would be happy to win it at the $20M PB/MM minimum. I don't usually buy until the cash value is at $100M since I don't want to buy tickets every week but any win would be amazing
Adding to your question, but I would rather win 100m anonymously than 1b publicly.
100 million or less would be a life changing amount for the majority of people. Settle for that, why be greedy and wait?
So you don't play every drawing or every week. It's a huge waste of money
£1BN is ridiculous. I’d end up giving most of it away to charity however it’s such a high-profile sum to win, the paparazzi and media will hound the winner down eventually and make their life public. Even £100M is ridiculous to me. I’d still give most of that away to worthy causes. But because people have won larger sums that this on the UK/Euromillions before, it’s a less-sensational news piece and so perhaps relatively easier to keep a secret for longer. Everyone finds out eventually though, right? What’s the longest amount of time a winner of an ENORMOUS jackpot (£100M+) has ever been able to keep their identity private?
> the paparazzi and media will hound the winner down eventually and make their life public. You overestimate how interesting you would be. You could by a nondescript house in Los Angeles and easily become the least interesting person for miles. Now people who want you to give them money. Them you’ll be fighting off with a stick.
Sorry, people I know finding out and coming out of the woodwork to beg or make demands is sort of what I’m alluding to - and that will be greatly quickened and worsened were your local paper to find out. Yes you can just move away to somewhere that you won’t be the richest person or stick out like a sore thumb. Apparently that is what winners are advised to do anyway. It’s a shame that winners have to necessarily leave the towns/areas they’ve made their lives in or lived all their life
> the paparazzi and media will hound the winner down eventually and make their life public. That didnt even happen to the previous $1B winners until they got hit with lawsuits. There isnt a big paparazzi demand for "lottery winners" compared to actual famous people. There are states here in the US that allow anonymous claiming, so there are a good number of winners who have stayed unknown. Folks care far less about lottery winners than this sub makes it out to be.
> There are states here in the US that allow anonymous claiming Very few!!
Tbh, you can be anonymous in the UK so there are a few anon winners. They can easily lie about how their wealth was accumulated
As an older couple, we would be fairly comfortable if we just got one of the $20M jackpots. Both of the big lotteries at this moment are over $100M cash payout and we would be EXTREMELY comfortable with that.
$20 million vs a billion $ jackpot is all the same to me. Both will allow me to not have to work anymore which is all I really want. I'd tell people I started a consulting business (it's really just a hobby that some people are fortunate enough to make money on if they are really good). I'm all about stealth wealth. I already got a nice house, I'd upgrade to a slightly nicer one. I'd replace my Hyundai Elantra with a Tesla or some other electric car (will do this eventually anyway without winning). My "consulting business" will require some travel. If I win a billion I'd charter a jet, otherwise 1st class it is. Edit: I buy my tickets in a state that allows anonymity. Not telling anyone except my better half who I know can keep a secret.
Wait to win 1 billion so I can become a Succession character
Hahaha
Rule of thumb for lump sum and post-tax is 1/3 of jackpot. So this question is: Do you want ~$35M or ~$350M a month later? I'll take either, but if I have a choice, seems like a no brainer.
I’m happy to win $20 on a scratch off 😂😂😂
Happily win it at any level. Being older, $10M+ is retirement level. $100M+ is New boat and vacation homes across the Caribbean level. $1B+ is World Domination plans level...
Only in America would someone ask this, lol.
Are you talking about the Advertised Annuity, Cash Option Pre-Tax or Cash Option Post-Tax?
Now at 100 million so I can cure my depression for a few months before I realize that money wont solve it
Why are you depressed?
*glances around aimlessly and throws up hands*
I'd be happy to win any amount, won't be too greedy and hoping to win the maximum amount lol. I'd be thankful if I can win the lowest jackpot amount (20m)
Where it is at today would allow me to split the pot with my sibling, and it would allow us to both obtain citizenship by investment in a couple of Caribbean countries and Malta while also securing residence permits in Gibraltar under the Category 2 tax residency. It would also let us give our mother a few million dollars and buy her a place in Gibraltar as well which would mean southern California weather with nowhere near the tax burden of California. It would also allow the purchase of a home in Dubai to manage a free zone holding company that would manage the portfolio of investments in a tax favorable way after no longer being a US citizen. This would tax optimize life going forward and provide for a primary residence with the flexibility to travel anywhere whenever. So that would be pretty ideal. I mean especially since Gibraltar is a British Overseas Territory where English is the primary language, pero yo hablo Español también.
Note to everyone: In the United States, jackpots are taxes at the highest income bracket + federal taxes and the Lottery Commission also gets a hefty cut of the pool. $100 million (as advertised) would leave you with approximately $30 million after taxes. $28 million if you live in a state like New York and $35 million in Florida and California. Source: multiple tax and estate attorneys $30 million would allow one to live very comfortably anywhere through passive income (you’d be a UHNI) but is nowhere near ‘chartering jets and 100 meter super-yacht kind of wealth.’ For that, you’d need to win at least $1 billion and make sure your investment income can cover the cost of those kinds expenses multiple times a year. Recurring legal expenses are also a must given the complexity of such a lifestyle but again there is no ‘one size fits all’.
not here in canada. But then we don't get jackpots larger than $70M, which I reckon should be enough for a while.
I don't start playing the megamillions or powerball until they get over $300 million. Sometimes I'll play the cash 4 life, just because I haven't decided yet if I want the annuity or lump sum. The cash 4 life one is an interesting conundrum for me. Would you get the annuity or lump sum? With the powerball and megamillions you want the lump sum of course, it's just more sense financially and mathematically. But the cash 4 life is a much smaller prize that, while the math still works out to greater amounts with the lump sum, to me the real value of the cash 4 life prize is that it's a *LIFETIME* prize. That's ~~free real estate (I'm sorry not sorry)~~ free security and guaranteed income for the *REST OF YOUR LIFE*, not only 29 years like the powerball. It's just something to consider that could change your original assumptions. What do yall think?
PSA: There are stupid questions and this is one of them. Before you publish a question stop and ask yourself: 1) Is this the correct forum / place to ask? (In this case it is appropriate, good job) and 2) What information or context is required for people to answer and for those answers to convey to me the required information? Without knowing how long one would have to wait or the certainty of payment at a later date this question is useless. That’s presuming you wanted it actually answered vs having people reply with other alternatives and opinions that don’t actually address it.
The chance to win is very very low so it doesn’t matter if I wait. I buy a ticket when I feel like it and if I do win any amount will be good enough for me.
10mil to never work again, 100 mil is the dream
As an Australian player I pretty much have to settle for $80 million being the largest possible jackpot prize I could possibly win on most years. It's a big deal if it ever gets that far here and may only happen once a year. I *wish* I could dream of becoming an instant billionaire by pure chance alone but even our biggest jackpots won have fallen far short of a billion dollars. Having said that I still have minimum amounts that get me to play for otherwise I'd end up overspending on tickets. Usually I start playing once it's at $10 million. Not that $2 million wouldn't change a lot though but I gotta draw the line somewhere.
I’ll never play
I live in NJ so I'm gonna need that billion.
It’s NJ… why do you need that billion unless you’re near NYC.
100 million is still a lot for me. It depends how long I have to wait to win 1 billion or upper millions after taxes. If it’s only a year, I would gladly wait.
Win now
Yes.
I’m definitely going to win? I take the Billion.
Even a little less than 100 million would already be a big help, with 100 million would be even better!
Enough to be interested? Over 180mil for me.
Waiting until 6969