The new forums will be named Coin Return (based on the most recent vote)! You can check on the status and timeline of the transition to the new forums here.
The Guiding Principles and New Rules document is now in effect.

For 700 million I'll play the [Lottery]

PeenPeen Registered User regular
So in the US there's a mega millions drawing tonight for north of 1.35 billion USD, which ends up being around 700 million as a lump sum. I know that playing the lottery is a sucker's bet and that the lottery is a harmful predatory bad, bad thing that shouldn't exist. I only buy tickets when the jackpot gets over a billion dollars so I have three for the drawing tonight.

I enjoy the thought exercise of "what would I do with 700 million dollars" and I always hang up on whether I should give almost all of it away, which seems like the safest way to deal with it, or whether I should try to use it to effect real social and cultural change like all of the super rich right wing fuckers seem to be doing. Obviously if I had 700 million dollars I would myself be a super rich fucker, which automatically calls into question my ability to maintain a progressive agenda, but in the absence of the money I feel like I could handle it but it'd also be a huge stressful hassle that I probably don't want to deal with, but if I think I could do it would I have a responsibility to try? All these deep thoughts for the low low price of $9 seems worth it, even if I almost certainly won't win a blessed thing.

«1

Posts

  • SorceSorce Not ThereRegistered User regular
    It's fun to dream.

    sig.gif
  • Captain InertiaCaptain Inertia Central OhioRegistered User regular
    I might buy the crypto house in north Hollywood and then sell NFTs or whatever about me demolishing it and then do a rug pull and then give nearly all the money to ….. I have no clue what would be best, some local agency to help house people or something? …. Id leave myself with $1 million for

    https://youtu.be/A939QRRSNV4

    l7ygmd1dd4p1.jpeg
    3b2y43dozpk3.jpeg
  • SleepSleep Registered User regular
    edited January 2023
    Yeah whenever I play this imagination game I end up with just a hierarchy of who I give most of the money to. Like winning tonight’s drawing would be me setting myself for life with like less than 1% of the lump sum and then just radiating the money outward through family, friends, communities, and charities. Like a win tonight isn’t just me set for life it’s my direct family set for life and probably some friends that I’ve owed everything to for a while.

    Like the jackpot tonight is so big that you could never work again while living a fairly lavish lifestyle, and giving your kids the ability to have a similar never have to work again lifestyle, and you could still give away like 98% of it if you’ve only got the one kid.

    It’s a pile of money so big it has gravity. unless you just dump it all into a charity day one the pile is going to keep getting bigger by a life changing amount of money before you can give it all away.

    Sleep on
  • Mortal SkyMortal Sky queer punk hedge witchRegistered User regular
    yeah once money gets into the double digits millions it stops behaving like regular money, in the same way that once you hit relativistic velocities then all of a sudden physics becomes a lot more complex than basic formulae like f=mv

    especially once you get somewhere between 15-50 million (depending on how lavishly you care to live), that's where interest starts compounding faster than the average person could earn via labor. once someone can get to the high end of that number is when money becomes more of a scoreboard than any actual measure of quality of life

    which is all to say 700 million dollars is a fucking huge amount of money in a way where you very well might have a hard time getting rid of it simply because of how big it is

  • DoodmannDoodmann Registered User regular
    It's truly sad how small billionaires seem to scheme.

    I would set up a non-profit corporation that buys land with the express intent of reforesting and depopulating the country, starting with the state of michigan.

    I'd also start a new transcontinental railroad company.

    Whippy wrote: »
    nope nope nope nope abort abort talk about anime
    I like to ART
  • silence1186silence1186 Character shields down! As a wingmanRegistered User regular
    If you win the lotto, you are exceedingly more likely to be ruined by friends and family who feel entitled to your winnings.

    https://old.reddit.com/r/AskReddit/comments/24vo34/comment/chb38xf/

  • RingoRingo He/Him a distinct lack of substanceRegistered User regular
    I set up my own Universal Basic Income scheme for my friends and family, and branch out as far as I can until the money is gone. Less likely for anyone to drive themselves into poverty on a monthly check. I hope.

    I could give 2000 people 50k a year for seven years

  • Mortal SkyMortal Sky queer punk hedge witchRegistered User regular
    I'd probably set up a really cushy grant program for young scientists, because I know having no income potential at the line of cost of living essentially drove me out of my ideal fields of research

  • JuggernutJuggernut Registered User regular
    I would slither into the crack of a high and fiery mountain wherein I would brood atop my hoard and grow fat and jealous and immense in my wrath.

  • MagellMagell Detroit Machine Guns Fort MyersRegistered User regular
    I'm sure as shit not going to make enough money working my job to buy a bunch of land in Kentucky and make a commune for close family who want to come live with me.

    Probably get drunk on bourbon and go through gofundme giving people money.

  • JragghenJragghen Registered User regular
    I'd probably drive myself crazy worrying about things I can't fix even with that amount of money.

  • Fig-DFig-D SoCalRegistered User regular
    Buy property for myself and my friends because we can't afford it otherwise.

    Furnish said properties.

    Set aside money for travel.

    Donate the majority. Sitting on half a billion plus would almost certainly rot both my mind and my soul.

    SteamID - Fig-D :: PSN - Fig-D
  • JuggernutJuggernut Registered User regular
    I would have a gun biomechanically grafted into my forearm.

    Oh you want to kidnap poor unarmed me because I'm fabulously wealthy now? Oh whatever shall I SECRET GUN MOTHERFUCKERS

  • ShadowfireShadowfire Vermont, in the middle of nowhereRegistered User regular
    Go to my job and offer everyone a year's salary to walk out with me.

  • ChicoBlueChicoBlue Registered User regular
    I'd buy your love, probably.

  • KupiKupi Registered User regular
    edited January 2023
    It's been a while since I've played the lottery, and in the intervening time I've gone through a couple crises of mental health related to my self-inflicted personal isolation, which I've recently started taking steps toward fixing (probably too late).

    Which came back to mind today in this context. Could you form a genuine new human relationship with 1.3 billion dollars in your back pocket? I think you could only ever suspect everyone of being warped by it if and when they found out.

    In that light, the ticket on my desk feels more like a gun to my head. I was never a big lotto player but that bit of reflection will cure me of it for good.

    Staircase Wit: I think the only viable course of action on winning would be to figure out what you can divide into a reasonable annual salary for life, and immediately deliver the remainder to worthy charities. Like we say around here, that much money is brain poison.

    Kupi on
    My favorite musical instrument is the air-raid siren.

    I'm "kupiyupaekio" on Discord.
  • silence1186silence1186 Character shields down! As a wingmanRegistered User regular
    Kupi wrote: »
    It's been a while since I've played the lottery, and in the intervening time I've gone through a couple crises of mental health related to my self-inflicted personal isolation, which I've recently started taking steps toward fixing (probably too late).

    Which came back to mind today in this context. Could you form a genuine new human relationship with 1.3 billion dollars in your back pocket? I think you could only ever suspect everyone of being warped by it if and when they found out.

    In that light, the ticket on my desk feels more like a gun to my head. I was never a big lotto player but that bit of reflection will cure me of it for good.

    Staircase Wit: I think the only viable course of action on winning would be to figure out what you can divide into a reasonable annual salary for life, and immediately deliver the remainder to worthy charities. Like we say around here, that much money is brain poison.

    I definitely think if you weren't married already, you'd have a miniscule chance after suddenly becoming a billionaire. That much money would poison your and any potential partners' minds.

  • HefflingHeffling No Pic EverRegistered User regular
    Shadowfire wrote: »
    Go to my job and offer everyone a year's salary to walk out with me.

    My idea is the same, but a lump sum payment of $250k conditional on their quitting. I'm not going to let my current employer set how much someone gets!

  • BrainleechBrainleech 機知に富んだコメントはここにあります Registered User regular
    I do play the lotto as I was asked the last time if I had a plan what to do if I won {become a ghost as i would need to disappear and how is a level that cold war spies would get in or out of areas [traveling to an area and switching transport to evade detection}
    Lol at my family trying to ruin me as none of them want to deal with me and have most of my life

    When it had hit a billion for the first time the cashier at the grocery store was talking about it. I said that is an insane amount of money for the average person. you could buy anything you heart desired and still have that much left

  • PwnanObrienPwnanObrien He's right, life sucks. Registered User regular
    I would set aside like 20 million to not MC Hammer myself into poverty, break off like 150 million to portion out to friends and family and give the rest to charity and political causes. Being a billionaire is mental sickness.

    Mwx884o.jpg
  • PellaeonPellaeon Registered User regular
    Shadowfire wrote: »
    Go to my job and offer everyone a year's salary to walk out with me.

    My boss was talking about the office pools they had before the pandemic, which nowadays sounds more like extortion.

    We're already at skeleton crews, fuck if I wanna be the only one left to have to hire a whole new department from scratch.

    Fortunately I take comfort that like everyone else we'd never win anyway.

  • RT800RT800 Registered User regular
    I would hire a cook to cook healthy meals for me.

    Because I can't cook and all I eat is garbage.

  • zepherinzepherin Russian warship, go fuck yourself Registered User regular
    I pay 2 dollars for a hit of dopamine and a slow roll of serotonin. Just gimme that fantasy and let my brain drip with the happy chemicals. I won’t even check my ticket for a while, because maybe it’s the winner.

  • facetiousfacetious a wit so dry it shits sandRegistered User regular
    If I won a lottery like this I would buy myself a house, do some travel and buy a few modest luxuries (a dog, a nice gaming setup, a wardrobe of period/vintage clothing of different eras and styles + bespoke Savile Row suits), and then immediately give the rest of it away leaving only enough in my bank account so that I get somewhere between like $3k-6k a month just off the interest alone. Possibly a bit more or less depending on how much that requires in the account; I tried to do the math at one point and then instantly realized I have no idea how bank interest works.

    "I am not young enough to know everything." - Oscar Wilde
    Real strong, facetious.

    Steam: Chagrin LoL: Bonhomie
  • BrainleechBrainleech 機知に富んだコメントはここにあります Registered User regular
    edited January 2023
    They installed a lotto vending machine at work. I am both scared and disappointed in it. As I really will walk to the gas station on the way home to get tickets than be seen at work using it.
    When I see the screens sometimes I see a lot of the scratchers are sold out

    I am wary of work pools and now very wary. When I worked at a casino one of the pit bosses ran a pool. One day she is paying people out in the break room. I thought nothing of it as ok good on them. But after she quit soon after paying out the pool the rumor of she won far more than she said {she was paying out $250 the rumor was she won 250k+} So adding that to why I am very wary to join that type of group

    Brainleech on
  • sponospono Mining for Nose Diamonds Booger CoveRegistered User regular
    Welp I succumbed to peer pressure and bought a ticket

    640qocnq4ske.gif
  • sponospono Mining for Nose Diamonds Booger CoveRegistered User regular
    That was fun

    I matched 0 of 6 numbers

    Thumbs up

    640qocnq4ske.gif
  • KupiKupi Registered User regular
    The good news is, I don't have to consider any of the moral quandaries discussed upthread. :lol:

    My favorite musical instrument is the air-raid siren.

    I'm "kupiyupaekio" on Discord.
  • Speed RacerSpeed Racer Scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratch scritch scratchRegistered User regular
    I remember in college a math professor I had made some point about like, if the lottery jackpot climbs to some value relative to the price of a ticket that it makes sense from a cost-benefit analysis to buy in even though you're functionally guaranteed to lose

    It was something to do with like, if the jackpot is so high that you'd come out ahead even if you bought so many tickets that you actually have a high chance of winning

  • sponospono Mining for Nose Diamonds Booger CoveRegistered User regular
    I mean they publish the odds on their website

    1 in 300 million

    Also, the higher the jackpot, the more attention it gets and the more people that buy tickets. If there's a sufficiently large number of tickets sold, then it's eventually guaranteed that a winning ticket will be in that pool of tickets sold. So once it gets to the point that a winning ticket WILL be sold, then you might as well buy in. When it's a smaller pool of people buying tickets, then it's less likely that a winning ticket will be printed, let alone that you'll be the one to buy it.

    640qocnq4ske.gif
  • BronzeKoopaBronzeKoopa Registered User regular
    I remember reading an article about someone who thought he cracked the pattern for some state lottery pick 3 or 4 games. But he just spent crap loads of money buying hundreds of tickets and had a lucky streak. He was so obsessed he did shady stuff like create a real estate company and sold the same property to different clients to get funds to continue buying tickets.

  • HefflingHeffling No Pic EverRegistered User regular
    spono wrote: »
    I mean they publish the odds on their website

    1 in 300 million

    Also, the higher the jackpot, the more attention it gets and the more people that buy tickets. If there's a sufficiently large number of tickets sold, then it's eventually guaranteed that a winning ticket will be in that pool of tickets sold. So once it gets to the point that a winning ticket WILL be sold, then you might as well buy in. When it's a smaller pool of people buying tickets, then it's less likely that a winning ticket will be printed, let alone that you'll be the one to buy it.

    But there's no point less than infinity at which a winning ticket will be sold.

  • EddyEddy Gengar the Bittersweet Registered User regular
    Everyone says they'll be generous to their friends but I would means test all y'all mofos. Anyone making over 150% of the federal poverty line will in fact owe ME a kickback

    "and the morning stars I have seen
    and the gengars who are guiding me" -- W.S. Merwin
  • PellaeonPellaeon Registered User regular
    Ok, who lives in Maine?

  • Indie WinterIndie Winter die Krähe Rudi Hurzlmeier (German, b. 1952)Registered User regular
    hey, here's a question - how much does a lottery ticket in the US actually cost? do the costs fluctuate according to the prize?

    wY6K6Jb.gif
  • KetarKetar Registered User regular
    hey, here's a question - how much does a lottery ticket in the US actually cost? do the costs fluctuate according to the prize?

    $2 for the Mega Millions or Powerball (aka the big ones). No fluctuation.

  • Indie WinterIndie Winter die Krähe Rudi Hurzlmeier (German, b. 1952)Registered User regular
    edited January 2023
    and what are the odds per ticket? that seems wild to me, here it's the equivalent of $13 for a 1.1 million chance at the jackpot

    Indie Winter on
    wY6K6Jb.gif
  • MagellMagell Detroit Machine Guns Fort MyersRegistered User regular
    Ketar wrote: »
    hey, here's a question - how much does a lottery ticket in the US actually cost? do the costs fluctuate according to the prize?

    $2 for the Mega Millions or Powerball (aka the big ones). No fluctuation.

    You can add a dollar to get the megaplier or power play which increase a non-jackpot win, but I wouldn't.

  • KetarKetar Registered User regular
    and what are the odds per ticket? that seems wild to me, here it's the equivalent of $13 for a 1.1 million chance at the jackpot

    It's what spono posted above: 1 in 300 million for the jackpot. Better odds for smaller prizes.

Sign In or Register to comment.