The OFFICIAL Powerball and Megamillions thread:

[TURBO UNO]

I got two quick picks. If I win....we all getting NT tees and hats for free

 

[andoneflip]

725 million on Wednesday

 

[jpzx]

 

[703 hwy]

Still poor

 

[andoneflip]

Powerball 875 million on Saturday

 

[tr1ll]

Powerball jackpot hits $750 million. If you win, here's the tax bill

If you win the Powerball jackpot, your winnings drop significantly after taxes. Here's what to expect.

www.cnbc.com

Almost $90.9 million goes to the IRS​

Before winners see a penny of the multimillion-dollar jackpot, there’s a mandatory 24% federal withholding that goes to the IRS. The withholding applies to winnings of more than $5,000.

If you choose the $378.8 million cash option, the 24% withholding automatically reduces your cut by about $90.9 million. However, many taxpayers wrongly assume they’re off the hook after that 24%, Chichester said.

“That 24% comes off the top, but you’re still responsible for the other 13% at some point,” he said.

The House always wins.

 

[moonman818]

Powerball jackpot hits $750 million. If you win, here's the tax bill

If you win the Powerball jackpot, your winnings drop significantly after taxes. Here's what to expect.

www.cnbc.com

The House always wins.

Add state taxes on top of that, and you're looking at damn near 50% in a lot of places.

I'm still taking the lump sum tho

 

[frink85]

I'm not greedy. I just need about $100 million and I'll be satisfied

 

[Barbados Slim]

900M's
465M cash option.

Good luck yall

 

[OrangeBlueGarden]

I got a single ticket wish me luck I’ll break some of you off I’m just tryna get the money and move somewhere

 

[andoneflip]

Got my ticket if I win im ghost

 

[Mad Master]

when i win this Wednesday, i'm copping a couple of homes i favorited on my redfin account and paying off debts for immediate family members/close friends, establish a charity to give back

 

[andoneflip]

1 billion on Wednesday

 

[fluid hips]

 

[DCAllAfrican]

 

[fluid hips]

 

[jpzx]

Everyone wants to win and continue their way

 

[frink85]

I’m flying everyone on NT first class out to Vegas and having an epic party

 

[jpzx]

I’m flying everyone on NT first class out to Vegas and having an epic party

meet you there

 

[big j 33]

I'm going to buy NT, make zero changes, remove all adds and cover all costs and double any charitable donations, then make myself a mod. Probably donate the rest of my winnings.

 

[jpzx]

I'm going to buy NT, make zero changes, remove all adds and cover all costs and double any charitable donations, then make myself a mod. Probably donate the rest of my winnings.

Meth would give you the red carpet even, win-win

 

[ccastro02]

Already configured all my cars online, & bookmarked the condo & vacation home I'm going to buy.

 

[TURBO UNO]

Already configured all my cars online, & bookmarked the condo & vacation home I'm going to buy.

Stop being greedy, Castro. Someone already pointed out you ALREADY won the last billion dollar jackpot

 

[ccastro02]

Stop being greedy, Castro. Someone already pointed out you ALREADY won the last billion dollar jackpot

Lol!! It will be the greatest conspiracy of all time if E Castro won it in California, and then 8 months later C Castro wins it in New York. Lol

 

[ccastro02]

For the that reason alone, I know I’m never going to win it. Would be to much of a coincidence if 2 Castro’s won billion dollar jackpots