If You Won The PowerBall Lottery which is $1.2 Billion Dollars Now.

How would you take the winnings/money?

Would you take the annuity over 30 years which would be $40 Mil per year, or the whole Enchilada in lump sum of $600 Million or thats a chump game for suckers and I am don't play!

Last edited by Stub; 11/01/22 03:40 PM.

“I never forget a face—but in your case, I’ll be glad to make an exception.”
—Groucho Marx

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723589 11/01/22 03:40 PM
Joined: Apr 2007 Posts: 60,659 Metroplex BOBO the Clown kind of a big deal
BOBO the Clown kind of a big deal Joined: Apr 2007 Posts: 60,659 Metroplex	40 million a year in a trust. Donate to TX Youth hunting program.... better to donate then to waste it in taxes https://secure.qgiv.com/for/gtgoh/mobile

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723590 11/01/22 03:41 PM
Joined: Sep 2012 Posts: 16,123 DFW TX J Jimbo1 THF Celebrity
Jimbo1 THF Celebrity J Joined: Sep 2012 Posts: 16,123 DFW TX	Doubt I have 30 more years in me, so lump sum. FJB - Lets Go Brandon BBB - Bring Back Better Awake - Not Woke!

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: BOBO the Clown] #8723592 11/01/22 03:42 PM
Joined: Oct 2008 Posts: 16,907 San Marcos, TX 6 68rustbucket THF Celebrity
68rustbucket THF Celebrity 6 Joined: Oct 2008 Posts: 16,907 San Marcos, TX	Originally Posted by BOBO the Clown 40 million a year in a trust. This

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: BOBO the Clown] #8723602 11/01/22 03:51 PM
Joined: Dec 2009 Posts: 9,897 Prosper, TX The Dude Abides THF Trophy Hunter
The Dude Abides THF Trophy Hunter Joined: Dec 2009 Posts: 9,897 Prosper, TX	Originally Posted by BOBO the Clown 40 million a year in a trust. ^^^ Legacy Money... Originally Posted by Superduty I am still looking for the perfect apron, one with reinforced knee areas would be perfect.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: The Dude Abides] #8723604 11/01/22 03:54 PM
Joined: Jan 2013 Posts: 3,435 T TLew Veteran Tracker
TLew Veteran Tracker T Joined: Jan 2013 Posts: 3,435	Originally Posted by The Dude Abides Originally Posted by BOBO the Clown 40 million a year in a trust. ^^^ Legacy Money... Yep, doesn't matter how long I live then. Also, it means that I could space out my charitable giving and make people accountable for getting future installments.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723606 11/01/22 03:56 PM
Joined: Mar 2010 Posts: 12,476 Bosque County N ntxtrapper THF Celebrity
ntxtrapper THF Celebrity N Joined: Mar 2010 Posts: 12,476 Bosque County	Lump sum. Get it away from the state before the rules get changed.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723608 11/01/22 03:57 PM
Joined: Jul 2008 Posts: 6,448 Rockwall C Chopped54 THF Trophy Hunter
Chopped54 THF Trophy Hunter C Joined: Jul 2008 Posts: 6,448 Rockwall	Lump sum invested modestly taking annual payouts you would net a lot more in 30 years than the $1.2.... Wealth is of the heart and mind and not of the pocket

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723611 11/01/22 03:57 PM
Joined: Jun 2008 Posts: 7,949 Mesquite, Tx B bigjoe8565 THF Trophy Hunter
bigjoe8565 THF Trophy Hunter B Joined: Jun 2008 Posts: 7,949 Mesquite, Tx	If you buy the farm, does your estate continue receiving the money? I was under the impression that once you’re gone the state stops paying out.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: bigjoe8565] #8723614 11/01/22 03:58 PM
Joined: Aug 2016 Posts: 8,334 Cypress, Texas H Herbie Hancock THF Trophy Hunter
Herbie Hancock THF Trophy Hunter H Joined: Aug 2016 Posts: 8,334 Cypress, Texas	Originally Posted by bigjoe8565 If you buy the farm, does your estate continue receiving the money? I was under the impression that once you’re gone the state stops paying out. I wouldn't be shocked somewhere written in there that if you die it stops being paid out. It takes beer to make thirst worthwhile - J. Fred Schmidt The internet is an I.Q. Test, people post their scores in the comment section.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723616 11/01/22 03:59 PM
Joined: Dec 2008 Posts: 41,254 Wolfe City, TX J.G. THF Celebrity
J.G. THF Celebrity Joined: Dec 2008 Posts: 41,254 Wolfe City, TX	Lump sum. Nothing says they would honor their 30 year pay out. $600M is more than I need anyway. 800 Yard Steel Range Precision Rifle Instruction Memberships and Classes Available

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: bigjoe8565] #8723617 11/01/22 03:59 PM
Joined: Jul 2008 Posts: 6,448 Rockwall C Chopped54 THF Trophy Hunter
Chopped54 THF Trophy Hunter C Joined: Jul 2008 Posts: 6,448 Rockwall	Originally Posted by bigjoe8565 If you buy the farm, does your estate continue receiving the money? I was under the impression that once you’re gone the state stops paying out. yes, that's why its best to have an estate or trust accepts the winnings, not an individual. Wealth is of the heart and mind and not of the pocket

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723627 11/01/22 04:10 PM
Joined: Sep 2008 Posts: 6,695 C Cochise THF Trophy Hunter
Cochise THF Trophy Hunter C Joined: Sep 2008 Posts: 6,695	No guarantee that the lottery exists a year from now - let alone 30. Lump sum. ~$375 million after taxes (in Texas)

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Cochise] #8723634 11/01/22 04:14 PM
Joined: Apr 2007 Posts: 60,659 Metroplex BOBO the Clown kind of a big deal
BOBO the Clown kind of a big deal Joined: Apr 2007 Posts: 60,659 Metroplex	Originally Posted by Cochise No guarantee that the lottery exists a year from now - let alone 30. Lump sum. ~$375 million after taxes (in Texas) Market could crash also and devalue your investment by 98% + also. One constant in US history is taxes and Federal government as Fed survived the Great Depression Kind of like a 401k. In theory the constant investing, levels out market swings. That’s who I look at annual payments Donate to TX Youth hunting program.... better to donate then to waste it in taxes https://secure.qgiv.com/for/gtgoh/mobile

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723646 11/01/22 04:34 PM
Joined: Sep 2009 Posts: 4,581 Georgetown Gumbeaux Extreme Tracker
Gumbeaux Extreme Tracker Joined: Sep 2009 Posts: 4,581 Georgetown	Historically, the annual rate of return on the stock market is 10%. I know, I know, not this year, but historically, that's where it's always been and always will be. The rule of 72 says that at that 10% rate of return your money doubles every 7 years. Take the lump sum and don't be a complete and utter moron and you'll do WAY better than the 30 year payout. That's what I plan to do after I win tonight.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723662 11/01/22 04:44 PM
Joined: Nov 2014 Posts: 7,790 Hunt in Sevier County Arkansas... M Mr. T. THF Trophy Hunter
Mr. T. THF Trophy Hunter M Joined: Nov 2014 Posts: 7,790 Hunt in Sevier County Arkansas...	Payout and buy one new ranch every year. Cabin rental in Pagosa Springs, Co. Sleeps 10, If interested please PM me.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723664 11/01/22 04:46 PM
Joined: Nov 2012 Posts: 15,709 Lubbock, TX Q QuitShootinYoungBucks THF Celebrity
QuitShootinYoungBucks THF Celebrity Q Joined: Nov 2012 Posts: 15,709 Lubbock, TX	Lump sum. $50 million to play with/buy the land I want and fund it's operation. Rest goes into 75% low-risk funds/bonds, 25% riskier stuff. Max giving amounts/accounts for relatives so that they can enjoy some too. https://web.archive.org/web/20170223065011/http:/www.rrdvegas.com/silencer-cleaning.html

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723705 11/01/22 05:48 PM
Joined: Nov 2009 Posts: 69,383 TweedLeaf, 123 W Cedar St, Tri... N NORML as can be ^^Cut the Cord^^
NORML as can be ^^Cut the Cord^^ N Joined: Nov 2009 Posts: 69,383 TweedLeaf, 123 W Cedar St, Tri...	Lump sum, then I'd buy into Cresco Labs and be set for Life (R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS " _=====___=________==-

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723713 11/01/22 06:00 PM
Joined: Aug 2005 Posts: 32,085 Boerne TX/Garven Store T txtrophy85 THF Celebrity
txtrophy85 THF Celebrity T Joined: Aug 2005 Posts: 32,085 Boerne TX/Garven Store	Lump sum Then I would go ranch shopping. Probably buy a new Bronco too For it is not the quarry that we truly seek, but the adventure.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723724 11/01/22 06:12 PM
Joined: Jun 2008 Posts: 7,949 Mesquite, Tx B bigjoe8565 THF Trophy Hunter
bigjoe8565 THF Trophy Hunter B Joined: Jun 2008 Posts: 7,949 Mesquite, Tx	I’d take the lump sum.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: J.G.] #8723728 11/01/22 06:19 PM
Joined: Mar 2009 Posts: 4,426 J jeffbird Extreme Tracker
jeffbird Extreme Tracker J Joined: Mar 2009 Posts: 4,426	Originally Posted by J.G. Lump sum.... $600M is more than I need anyway. Yep. Couple of coupons and I'll be able to squeak it out, maybe even Whatasize it at the drive through.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723749 11/01/22 06:30 PM
Joined: Aug 2008 Posts: 14,958 Bandera, Tx D don k THF Celebrity
don k THF Celebrity D Joined: Aug 2008 Posts: 14,958 Bandera, Tx	I don't buy a lottery ticket so I don't have to worry about what to do if I win. Makes life easier.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723751 11/01/22 06:31 PM
Joined: Nov 2009 Posts: 4,622 Nunya Bidness C chalet Extreme Tracker
chalet Extreme Tracker C Joined: Nov 2009 Posts: 4,622 Nunya Bidness	Lump sum. Smallish ranch out West or North. Keep or invest enough to live on, give the rest away. Shoot. Eat. Repeat.

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723755 11/01/22 06:37 PM
Joined: Jan 2007 Posts: 1,814 Cherokee Co, Tx M MO Pro Tracker
MO Pro Tracker M Joined: Jan 2007 Posts: 1,814 Cherokee Co, Tx	Lump sum you get 50 cents on the dollar, Take the payments , you can sell any or part of your winnings for 70 cents on the dollar. Spreads the tax bite out. good luck to us all MO MY BACKYARD , 20,000 ACRES , NO MOWING

Re: If You Won The PowerBall Lottery .Which is $1.2 Billion Dollars Now. [Re: Stub] #8723771 11/01/22 06:51 PM
Joined: Mar 2013 Posts: 2,000 East Texas B Barcelona Rick Veteran Tracker
Barcelona Rick Veteran Tracker B Joined: Mar 2013 Posts: 2,000 East Texas	Lump Sum then buy this Forum & make Sniper RAB & Oxner the Chief Moderators...would be fun to watch ! rick

Page 1 of 4

Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker

Hop To