Haven’t done a lottery post in a LONG LONG time! Mainly because at The Company they’ve firewalled all websites related to lotteries and gambling. I can’t even check the NUMBERS online anywhere, which is frustrating.
However, last night I was able visit some sites and saw that the take home on a single winning ticket would be $132M after all fees, taxes, etc. are taken out. That’s a healthy chunk of change. On the way home last night Radio Chick was giving away free tickets to people who called in with good ideas on how they’d spend the money. As for me?
$13.2M to my church
$13.2M to various charities and to start college scholarship endowments
$5M each to a trust fund for my kids payable upon their 25th birthday
$10M investment into real estate in the following places: New York City, Hawaii, Scotland, South Carolina
$1M to buy a small plane to get back and forth between aforementioned real estate
House for Jen/Beau to start their family in style
House/Business space for Marmie/Pop to grow Marmie’s tea business into large Martha Stewart corporation
Various cash gifts in $10K increments to all friends and family (anything over $10K per year is taxed, so they would get repeating cash gifts for several years)
Even with all that we’d still have something like $75,000,000 left, which is a scary amount of money.
But I’d use some to start my own business at that point – I’ve mentioned before how I want to open a top-notch, top-of-the-line kennel for animals of all kinds that allow owners to view their pets online while they are on vacation, get grooming services at basic prices, veterinary services, etc. and know their pets (anything from ferrets to cats to dogs to pigs to horses) are well taken care of. For that I would need many many acres of land, a full-time vet staff onsite, cutting edge computer technology and a town that has the clientele. I wouldn’t charge a lot to the customer because the goal is to allow “average” people to afford the extravagant care for their animals. That’s my dream job. Being with animals all day.
Update at 1:30 p.m.: Denis is on his way now to PA to pick up $5 in Powerball tickets. This is on the off-chance my family is unable to get some while driving up to NJ today.
Well obviously we didn’t win Powerball since Denis didn’t drive to OREGON to buy our ticket. We didn’t get any numbers. Our ticket numbers were all under 16, and five of the six winning numbers were 21 and over. So we got nada. Looks like I have to continue working. *sigh*
**Ignore this whole post – Mr. Sutherland left to go home in the short 10 minutes I was covering reception and I missed the chance to give him the $5. Oh well.**
Denis informs me that Powerball is up to $340M for the next drawing. Sadly, The Company has a firewall against all lottery sites, so I can’t go on to my regular lottery site and see more details on Powerball or even MegaMillions. All lottery dreams can only be researched on weekends when I can get into the site.
However, I’m going to ask Mr. Sutherland if he wouldn’t mind dropping down $5 for me tonight when he goes home (he lives in Connecticut), if it’s not too much trouble. And so because we may actually have a ticket for the next drawing, here is my analysis on a take home prize of $150M (that’s the $340M minus all taxes, fees, etc. that might be incurred):
$17.5M to charity
$17.5M to church
$15M trust for each child ($5M each) upon their 25th birthday (yes, we plan on having at least three kids)
$10M to real estate in various locations (NC, NYC apartment, Europe)
$15M set aside for gifts for friends and relatives
$75M left to invest with and live off the interest
Although I’ve said on many occasions that I’d love to buy acres and acres of land and open up a ritzy pet boarding kennel on the property – offering high-end care for low-end prices. Since I wouldn’t need the money, I’d pay my staff well but require little from the folks using my boarding services. I love animals so that would be a fun company to own without having to worry about costs.
Well, Powerball is up to $250m for tonight’s drawing. My sister called me yesterday to see if I wanted tix (since we live in a state that is not part of Powerball). HECK YEAH! I’m sending her a check today for $10 to cover our entry into her office’s pool. I don’t know how many people in her office are participating, but presuming we’d get 5% of any after-tax earnings, that’s a cool $7 million. I’d take that for a $10 investment!