What would 1 person do with that much money..
2007-03-06 08:50:26 · 9 answers · asked by Frann 4 in Games & Recreation ➔ Gambling
With that money I can go on vacation 'til the day that I die. I would invest $10 Million+ at 5% annual interest and live off the interest for the rest of my life. $10 Million at 5% interest would give me an annual income of $500,000 per year before taxes. Or I can invest $20 Million+ at 5% annual interest and have an annual income of $1,000,000. What can you NOT do with an annual income of $1 Million? That's like CEO status without having to deal with the headaches that a CEO has to cope with on a daily basis or maybe they don't even get headaches at all. Who knows. I have never been a CEO before, so I don't know.
1-in-176 million chances of winning is still better than nothing.
And when the jackpot is this high, the odds are against you for not playing at all.
You're looking at $370 Million, which is simpler terms is about $221 Million, before taxes. Once Uncle Sam takes a dip in your winnings, you will still be left with approximately $142 million. That is still a lot of money!
The odds are really against you if you don't play. Better to play at least $1 than to play nothing at all.
Let's just say if Albert Einstein was alive today, he would have played at least one ticket.
He just have to win once and he don't have to think of formulas anymore!
2007-03-06 09:46:56 · answer #1 · answered by Agent X-Factor 2 · 0⤊ 0⤋
They buy the tickets for the dream. One dollar could buy you the life you always dreamed.
As for what to do with the money - a look at past lottery winners shows that in all likelihood the winner will squander the money and have nothing within 10 years. Sad when you see what has gone before....
2007-03-06 16:59:20 · answer #2 · answered by jgcii 4 · 1⤊ 0⤋
They buy them because it's fun for them, or they're in a lottery club, or because they don't have the math skills to figure the true odds and what they mean.
The lottery is a tax on people who can't do math.
As to what would they do? It depends on the person. Some donate it to charities, some help out relatives and friends, some have huge parties and fry their bodies on drugs, alcohol, etc. Some just sit back and live like they've always done it - quiet, simple, and calm.
2007-03-06 16:56:41 · answer #3 · answered by Ralfcoder 7 · 0⤊ 1⤋
sure the odds are crazy but a tickes just a buck. now i dont expect to win, but youll never win if you dont play. besides even if you only match a few numbers you win something. as far as what i would do with that money, i would donate alot, and invest the rest. sure i would get the nice house and car, some other toys.
2007-03-06 17:02:13 · answer #4 · answered by jedidiaha 3 · 0⤊ 0⤋
I would find many things to do with that much money and the reason I play is because you gotta be in it to win it and all you need is a dollar and a dream. Hey, ya never know!
2007-03-06 16:59:47 · answer #5 · answered by Crash 4 · 0⤊ 0⤋
1 in 1 000 000 000 000 odds of never working ever again and being filthy rich is better than 0 in 10 odds of the same thing.
2007-03-06 16:58:38 · answer #6 · answered by ryushinigami 3 · 1⤊ 0⤋
becasue there is still a chance of winning
2007-03-06 20:01:39 · answer #7 · answered by ar_g_2005 2 · 0⤊ 0⤋
for the excitment of winning
2007-03-06 16:58:51 · answer #8 · answered by charlesstrehlow 1 · 1⤊ 0⤋
you cant win unless you buy. you may be that one. plent of worthy causes
2007-03-06 16:56:53 · answer #9 · answered by Grand pa 7 · 1⤊ 0⤋