USA £1,000,000,000 win. Insane?

[robinessex]

US Mega Millions lottery jackpot: Ticketholder wins more than $1.3bn in Illinois

https://news.sky.com/story/us-mega-millions-lotter...

A ticketholder has won the US Mega Millions jackpot of $1.33bn (£1.09bn) - the third biggest lottery prize in the country.

I do the lottery. I'd love to win it. I've often thought our Euro Lottery with the occasional +£100 million crazy, but this? Just what the hell do you do with it?

PS. If I were ever fortunate to win the Euro, I'd dispense it fairly amongst my (largish) family.

[Doofus]

I believe you only get the full amount if you take a 30 year annuity.

If you want the cash as a lump sum, you'll only get about $600m, and that's subject to federal and state tax, so you'll end up with around $300m net.

Still a stload, but not quite such a big one.

[ZedLeg]

The correct answer to what do you do with it is whatever you want

I only buy lottery tickets when the jackpot goes high because if I’m going to win money it should be an obscene amount.

Personally mines would be spent like this

Help family and friends
Build a house
Build a big workshop for my future collection of half finished car projects
Start a non profit housing association to try and help with social housing
After that whatever I fancy

[GT03ROB]

I thought the US lotteries were subject to tax & also paid in annual installments.

Either way a nice sum to have the problem with.

[SimonTheSailor]

You'd end up being unhappy, not trusting people, people would resent you, probably see less of family and friends, die at the wheel of a fast car/drink/drugs overdose/boat accident/helicopter crash or something.........

[CT05 Nose Cone]

A truly crazy amount, can't imagine what I'd do with that amount of money. Probably pay mine and my family's heating bills for a month.

[Alorotom]

When I was in the US a week ago before it tipped the $1bn point the cash take home was around $480m

Of course you can have it all if you take the x29 instalments but they expire when you do so if you die in year 1 you only get the first instalment and the rest is lost to the organiser.

I had a couple of shots at it for each draw - seems a shame not to when it’s only $2 a ticket without the prize multiplier option

[ZedLeg]

Each instalment would be 40mil so still not bad for free money.

[Randy Winkman]

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it. And I assume that pretty much everyone would want their family and close friends to get some of it? Or even, most of it?

[Speed Badger]

CT05 Nose Cone said:

A truly crazy amount, can't imagine what I'd do with that amount of money. Probably pay mine and my family's heating bills for a month.

You must have a very small family...

[Krikkit]

Randy Winkman said:

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it. And I assume that pretty much everyone would want their family and close friends to get some of it? Or even, most of it?

Depends how you spend it, but you certainly could

[GT03ROB]

Randy Winkman said:

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it.

I guess it depends how you live your life today, but I think you actually could if you so wanted.

Of course if you're on minimum wage driving a 20yr old rust bucket, living in a 2 up 2 down in bradford, with a n array of friends & family it would be a lot harder!.

[soad]

CT05 Nose Cone said:

A truly crazy amount, can't imagine what I'd do with that amount of money. Probably pay mine and my family's heating bills for a month.

[Jasandjules]

I guess the tax bill would be worth it to see the net sum in your bank each year....

But I am glad we don't pay tax over here.. Imagine if you won that sum in a UK lottery, damn...

[Randy Winkman]

GT03ROB said:

Randy Winkman said:

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it.

I guess it depends how you live your life today, but I think you actually could if you so wanted.

Of course if you're on minimum wage driving a 20yr old rust bucket, living in a 2 up 2 down in bradford, with a n array of friends & family it would be a lot harder!.

Perhaps you would be starting from a different place than me but even though I'm reasonably comfortably off compared with many I'd have to come up with some explanation as to why I'd suddenly moved to a big house or even started to drive around in a mid-price Jag. As and example, I'm going out for a birthday curry with 10 friends tonight. No way would they pay anything if I'd just one a billion or even a million.

[Alorotom]

Randy Winkman said:

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it. And I assume that pretty much everyone would want their family and close friends to get some of it? Or even, most of it?

IIRC, and I'm pretty sure I do, with the US lotteries there isn't an option to not be public. The only way to avoid it is to use one of the many companies that are setup to claim the prize on your behalf and they take a cut (obvs.) - so when you look on the previous winners lists it'll just list an LLC.

[croyde]

Speed Badger said:

CT05 Nose Cone said:

A truly crazy amount, can't imagine what I'd do with that amount of money. Probably pay mine and my family's heating bills for a month.

You must have a very small family...

You could build your own nuclear reactor

[popegregory]

Randy Winkman said:

GT03ROB said:

Randy Winkman said:

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it.

I guess it depends how you live your life today, but I think you actually could if you so wanted.

Of course if you're on minimum wage driving a 20yr old rust bucket, living in a 2 up 2 down in bradford, with a n array of friends & family it would be a lot harder!.

Perhaps you would be starting from a different place than me but even though I'm reasonably comfortably off compared with many I'd have to come up with some explanation as to why I'd suddenly moved to a big house or even started to drive around in a mid-price Jag. As and example, I'm going out for a birthday curry with 10 friends tonight. No way would they pay anything if I'd just one a billion or even a million.

Love people on here who claim that they could win £300m and no one would notice an outward difference in their spending habits. “The F50 out the front? Got a great part-ex value on the 335, no brainier really.”

[oyster]

I think we may have all wondered what amount we could win and get away without anyone knowing.

For me, I’m sure I could hide £1m-£2m, not much more.

[GT03ROB]

popegregory said:

Randy Winkman said:

GT03ROB said:

Randy Winkman said:

I do wonder quite what people mean when they say they'd want no publicity. I'd not want to be on the front pages but there's no way you can remain completely undercover once you start spending it.

I guess it depends how you live your life today, but I think you actually could if you so wanted.

Of course if you're on minimum wage driving a 20yr old rust bucket, living in a 2 up 2 down in bradford, with a n array of friends & family it would be a lot harder!.

Perhaps you would be starting from a different place than me but even though I'm reasonably comfortably off compared with many I'd have to come up with some explanation as to why I'd suddenly moved to a big house or even started to drive around in a mid-price Jag. As and example, I'm going out for a birthday curry with 10 friends tonight. No way would they pay anything if I'd just one a billion or even a million.

Love people on here who claim that they could win £300m and no one would notice an outward difference in their spending habits. “The F50 out the front? Got a great part-ex value on the 335, no brainier really.”

Considerably easier when you have very few friends & relations, and all most of them & other people you know, know about you is that you spend large amounts of time strange far away places!!