Posted by: Kiddo March 30, 2012
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@goddamn
You're half right.
Half a billion is not the prize amount if you want it in a lump sum; it's almost half of it, say around 390M.
Now take 35% tax and you will have 136M. The math already looks bad; you spend 173M and you get 136M.
That is, if nobody else wins; if there is another winner you have to split the cost.
Now, to make it even more difficult, lottery rule doesn't allow one to buy more than a certain amount of tickets.
You're half right.
Half a billion is not the prize amount if you want it in a lump sum; it's almost half of it, say around 390M.
Now take 35% tax and you will have 136M. The math already looks bad; you spend 173M and you get 136M.
That is, if nobody else wins; if there is another winner you have to split the cost.
Now, to make it even more difficult, lottery rule doesn't allow one to buy more than a certain amount of tickets.