OP
OP
I did add this to the FP. The jackpot lump sum cash payout is the prize we are going for!
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PCF Powerball Group - 12/20 Drawing - 12/22 Drawing - CLOSED (1 Viewer)
- Thread starter Tommy
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I agree on 100 max. 1 mill after taxes and WaB sounds perfect.
OP
OP
Last edited:
OP
OP
Quick Summary
Cash option: $685.5 M
Federal taxes (37%): ~ $253.6 M
State tax (Delaware): ~$0 (no state lottery tax)
Net take-home: ~ $432 M
At a 100 max cap and if we are the only jackpot winner, looks like we can walk away with about 4 million each after taxes. Did someone say we form a DE LLC to collect?
Just keep collecting...more chances to win. If I had the option of winning $4 million by stopping now but the odds are better to win $2 million dollars it's a no-brainer keep letting them in. That's how I feel.
In and sent. 100 poker chip enthusiast all coming into $4M of free money at the same time. Right on. If my cut of the payout is less than $1k, please donate my portion to toys for tots. Thanks for all you do.
OP
OP
ChipFinderSK
Full House
If it’s at $1.5 B now, it’ll be 1.6-1.8 B by the time of the drawing
OP
OP
I think the numbers they advertise before the next drawing is what they estimate it will be at the draw time, but more the merrier!
Out of curiosity, and I guess it greatly depends on your age/family, etc, how many would insta-retire if they walked with 4 million?
quintooo
Flush
in, sent money.
if PCF hits, do all chip sets inflate at the same proportion of us winning?
if PCF hits, do all chip sets inflate at the same proportion of us winning?
Jimulacrum
Full House
Let's just say I wouldn't not retire.
41Pickup
Two Pair
I’m in! Good luck everyone!
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Maybe set limit like Golden Ticket to membership time
and limit entries to one per member
…before I send $25 a few more times
and limit entries to one per member
…before I send $25 a few more times
frugal
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What are the odds of winning the big jackpot? Supposedly 1 in 292201338 per ticket. If we have 100 people at $25 per at $2 a ticket, the odds should be 1 in 292201338 / (100 * 25 / 2) = 1 in 233761?
For comparison, odds of a royal flush (in a 7 card hand) are 1 in 30939.
I obviously don't expect us to win, but I like the odds on this. Time to start buying some sets before we win and bid up the prices! Just think about how much everyone's grail set is going to cost after Saturday!
For comparison, odds of a royal flush (in a 7 card hand) are 1 in 30939.
I couldn't say no if I wanted to. I'm in. Money sent.
In and sent!
Colquhoun
Straight Flush
Yes, but adding people only makes the odds move from “virtually impossible” to “ridiculously poor”.
Sent
I would quit the day I received the money!
Jonesey07
4 of a Kind
I'm in if I can send the money after work. I don't have my phone for a few hours.
In before the 100 cap ! Sent
Thanks again Tommy for running, GL us !
Thanks again Tommy for running, GL us !
yes, setting up a LLC or a trust will be necessary for this many people - not sure how DE works.
so we will also need to put little aside to pay the attorney, financial advisor, and CPA that we will need to walk us through the process. i hope this doesn't cut into anyone's retirement plans!
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