$790 Million Is a Lot of Freakin' Money
By Jim Bauer
@porwest (112928)
United States
July 24, 2022 7:49am CST
How can I not talk about it? The MegaMillions lottery, that is. I mean, it just rolled again and now the Tuesday jackpot is $790 million. I estimate that's worth roughly $237 million after taxes if I take the lump sum, which I would.
It will be really fun to see if it rolls again. By Friday's drawing, if no one wins on Tuesday, it could be worth over $1 billion, and since the wife and I will be leaving for Florida on Friday, it means we have a shot at playing in multiple states along the way, adding to the fun of the trip.
Granted, when it gets up this high someone tends to win. And even at that, often times multiple people win. Usually two or three, meaning you have to share the jackpot.
I don't mind sharing it three ways if I have to. After taxes and taking the lump sum I'd still walk away with $79 million. More than enough to strike my fancy.
While the odds are still largely against my actual winning, you can bet I will have a few tickets in my hand just in case. It's just too much money to pass up and not be willing to fork over my $2 for.
8 people like this
8 responses
@moffittjc (128856)
• Gainesville, Florida
24 Jul 22
Jim, promise me that if you win you will throw a little money my way. And if I win, I'll do the same for you.
2 people like this
@moffittjc (128856)
• Gainesville, Florida
24 Jul 22
@porwest Dang, I was hoping for at least a dime!
1 person likes this
@porwest (112928)
• United States
24 Jul 22
@moffittjc I will meet you halfway and go with 7 cents. lol
1 person likes this
@lovebuglena (52224)
• Staten Island, New York
25 Jul 22
I hope you win big, Any plans for what you will do with the jackpot?
1 person likes this
@lovebuglena (52224)
• Staten Island, New York
25 Jul 22
@porwest making even more money is smart. You wouldn’t wanna use some of it to travel the world?
1 person likes this
@porwest (112928)
• United States
26 Jul 22
@lovebuglena I could do that with the dividends and interest alone. lol. I'd make $14.2 million a year on the investments, conservatively. More than enough to travel the world many times over in the first year. lol
1 person likes this
@1creekgirl (44560)
• United States
24 Jul 22
@porwest I'll take blessings over luck any day!
1 person likes this
@porwest (112928)
• United States
25 Jul 22
@1creekgirl Certainly for me, luck has not been friendly to me in more ways than one. lol
1 person likes this
@JESSY3236 (22287)
• United States
26 Jul 22
wow I didn't know it was that much.
1 person likes this
@aninditasen (18202)
• Raurkela, India
24 Jul 22
I think you believe and rely on lottery a lot.
1 person likes this
@porwest (112928)
• United States
24 Jul 22
Actually I do not. The lottery is mostly for entertainment purposes only. The odds are too great you will never win. But it is fun to play and doesn't cost much to play, and someone HAS to win. But no one who does not have a ticket can.
Relying on the lottery would be foolish. I rely on saving and investing. But because I have money, I can also afford having a little fun playing on a dream.
3 people like this
@porwest (112928)
• United States
24 Jul 22
@Beestring I'd like to get a few hundred dollars. I am lucky if I ever win my $2 back. lol
1 person likes this
@Beestring (15372)
• Hong Kong
24 Jul 22
@porwest Like you, I play lottery for fun. I did win, not the first prize of course. I got a few hundred dollars.
1 person likes this
@LindaOHio (222896)
• United States
25 Jul 22
Hubs won $6 with his last purchase. I think he will turn those over and buy more tickets. So far there are quite a few of us that are winning -- you, me, Eva and Jeff! Good luck!
1 person likes this
@LindaOHio (222896)
• United States
11 Sep 22
@porwest Exactly. Those $2 wins won't buy you any groceries.
1 person likes this
@Danielclark691 (2143)
•
24 Jul 22
I am not sure why anyone would need that amount of cash.
1 person likes this
