What will you do if you win $1.3B in the Powerball?

[Mary Terry]

The lottery is up to $1.7 billion today. If you took the lump sum and paid the taxes, you'd net about $300 million. That's plenty of money to live a life of luxury unless, of course, you engage in risky financial investments and buy stuff for everyone else who wants your money.

 

[pek73]

The net would vary depending on the state you bought the ticket and the taxes they impose. current lump sum of 770mil would be more like 450mil after federal tax. but 300 or 450 it doesn't matter it's all so large it's hard to contemplate. I think I would pick a problem in the nearest city I choose to live by and try to solve it. hunger, homelessness, mental health, education. something very focused but actually make an impact in my lifetime. I would also pay someone to clean and clean up for me because I hate too.

 

[Tony Ramirez]

I still haven't bought a lottery ticket BTW.

 

[Cutesie]

The lottery is up to $1.7 billion today. If you took the lump sum and paid the taxes, you'd net about $300 million.

The net would vary depending on the state you bought the ticket and the taxes they impose. current lump sum of 770mil would be more like 450mil after federal tax. but 300 or 450

What I saw:

Lottery - $1.7B

Lump sum - 45-55% - the lowest number there would net $770.3M

Federal tax - 24% plus 13% when tax season arrives* - brings the net winnings down to $535.5M

State and local tax - anywhere from 0% to 14.78% (NYS 10.9 plus NYC 3.876%), taken off the lump sum amount - a New York City resident's final take would be $372M

*The winner, with smart financial planning (trusts, investing), can reduce the amount payable at tax time.

 

[Captain Jigglypuff]

I’d give some of it to friends and family, buy some video games and consoles, give some to charity, and put the rest into the bank for safe keeping’s and take money out whenever my house or car needs a repair. I’m not going to buy a mansion as I am perfectly content in the house my dad bought for me.

 

[Trophonius]

Buy a big-ass forest. Build a cozy little house in big-ass forest, with a large selection of books. Stay there peacefully until I die.

 

[SusanLR]

Just talking about this tonight with my companion and I am buying a ticket today.

I would custom build a small house surrounded by forest and make it my own 24/7 medical assisted living facility. I'm sure someone like Stephen Hawking had the best care money could buy with his neurological disease.

I'm not physically able to do much of anything anymore, but I just might indulge in one thing, if I could at all. A Mediterranean cruise for only senior people. At least I could go out seeing a part of the world I've always wanted to see.

 

[paloftoon]

Being that all hospitals except for 2 closed in my county, I would want to re-open the one closest to me, lol. Maybe moving into a bigger place with some sustainability related upgrades and garages would be nice. Give some to family to manage and maybe a small, nice gift to closer friends.
A solar powered car and a hybrid car would be nice.
Maybe a second home near a close sibling for some close relatives with some healthcare help and help for learning computer skills and hands-on activities.
Considering to donate to some local organizations that have personally worked with me in some capacity in my life.

I haven't even played yet. .. lol. .. I may or may not. . .haha.

 

[Cutesie]

Two people, in Missouri and Texas, will share the prize, which rose to $1.8B.

 

[Mary Terry]

Well, darn. I lost again.

 

[Metalhead]

Two people, in Missouri and Texas, will share the prize, which rose to $1.8B.

Doesn’t Missouri love company?

 

[Mary Terry]

Doesn’t Missouri love company?

Missouri is the "show me" state so I'll need conclusive evidence that Missouri loves company.