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PostPosted: Fri May 17, 2013 9:37 am 
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Location: Jefferson, CO
I bought a $6 buy-in at my company, 43 of us playing would win about 10 million each.
60 employees. How many would show up on Monday?
Can you say skeleton crew?

Actually I would probably still work for a while. I have shares in the company so I want it to make money and who can afford health insurance on their own?

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PostPosted: Fri May 17, 2013 11:05 am 
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I bought tickets the other day


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PostPosted: Fri May 17, 2013 11:13 am 
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The cost to buy every single combination of numbers is 176 million dollars to win 600 million, it sounds like a no brainer. I wonder if a syndicate will try to buy every single number.

Would you spend $176 to win $600?

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PostPosted: Fri May 17, 2013 12:43 pm 
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Not enough time to print every single combination on the tickets - you'd need people in over 500 separate locations 24x7 with no pauses in the printing.

The IRS takes half. Jackpot is $300 Million net.

Any other winner splits the pot again.

Odds of winning are 1 in 175 million. Tickets are $2 each. So, it'd cost $350 million to buy them all.

Now, would you spend $350 to win $300?

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PostPosted: Fri May 17, 2013 12:47 pm 
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If you had the $176, or $350, million......would you really spend it on lottery tickets? why would you even need to win the lottery?

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PostPosted: Fri May 17, 2013 12:51 pm 
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becasue some people just need to gamble? It's the thrill of winning, of beating the odds?


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PostPosted: Fri May 17, 2013 12:56 pm 
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If you gave the ticket to a charity or a charity bought it outright, would they have to pay income taxes on it?

Create a religion like L. Ron Hubbard and buy tickets.

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PostPosted: Fri May 17, 2013 12:57 pm 
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pacamom wrote:
becasue some people just need to gamble? It's the thrill of winning, of beating the odds?


True. I have a bet on Orb in the horse race this week, $11 risked to win $10.

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