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Originally Posted by shuziburo
If the winners take the money as a lump some payment, the pretax amount will be only 320M. After taxes, it would probably be more like $200M.
There are some interesting stats about these big lottery winners. Many end up being p
oor again in a few years. Excessive spending and people taking advantage of them deplete the huge fortune pretty quickly for many winners.
Did I buy a ticket? No, I did not. I do not buy lottery ticket. I don't gamble or invest in low-return opportunities. Lottery is both.
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i have hard time believing that anyone after taxes and everything having 200m will ever go broke. maybe some small amounr winners ie <10 m, still then hard to imagine.
think abt it - 200m with a very consevative investment yielding lets say 6 pc annually gives you yearly income of 12 million - 1 million dollars a month without spending a dime from the original. how do you spend a million dollar a month.
i think i couldnt get poor even if i tried with 200 m. seriously.