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Post by irimi on Nov 3, 2022 6:19:39 GMT -8
of winning Powerball..odds are 292,201,338 to 1... What is 292,201,338? Imagine if you could cover a football field in golf balls then stack them. 292,201,338 golf balls would be nearly 14ft tall View AttachmentThat’s pretty cool! Thanks! The problem, though, is that the actual winning golf ball could be one that isn’t even in the stadium. People are crazy. Yeah, I’ve got my golf ball. But only one. If I win, Benny’s House will be golden. |
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Post by seastape on Nov 3, 2022 9:01:54 GMT -8
So...the conclusion is to spend $584,402,676 for 292,201,338 tickets, all being distinguishable from the other 292,201, 337 tickets, to guarantee a win of ~$1.3 billion. I think the tax code would permit you to write off the $584,402,676 as a gambling expense, as well.
Seems like a no brainer for an easy pretax profit of over $750 million.
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Post by seastape on Nov 3, 2022 9:05:25 GMT -8
So...the conclusion is to spend $584,402,676 for 292,201,338 tickets, all being distinguishable from the other 292,201, 337 tickets, to guarantee a win of ~$1.3 billion. I think the tax code would permit you to write off the $584,402,676 as a gambling expense, as well. Seems like a no brainer for an easy pretax profit of over $750 million. Oops. No winner on 11/2/22. Next drawing is Saturday with a jackpot of ~$1.5 billion. So...same action for a pretax profit of nearly $1 billion. That's alright. |
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Post by wilkyisdashiznit on Nov 3, 2022 12:37:04 GMT -8
So...the conclusion is to spend $584,402,676 for 292,201,338 tickets, all being distinguishable from the other 292,201, 337 tickets, to guarantee a win of ~$1.3 billion. I think the tax code would permit you to write off the $584,402,676 as a gambling expense, as well. Seems like a no brainer for an easy pretax profit of over $750 million. Oops. No winner on 11/2/22. Next drawing is Saturday with a jackpot of ~$1.5 billion. So...same action for a pretax profit of nearly $1 billion. That's alright. The spoiler there is if there is a split. If three people win, you are out millions, and the loss would not be deductible. It is only deductible, if you have gains to offset the loss. |
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