In the United States or in California alone, how many people become millionaires anually as a result of winning the lottery? Obviously, I can extrapolate based on the number of drawings, but I'd love it if there was a citable reference for an exact number.
2007-03-23 17:51:27 · 6 answers · asked by skippykawakami 1 in Social Science ➔ Economics
Just to be clear here: I'm asking for the sake of numeric comparisons with other extremely rare events, not because I plan on winning anytime soon or want to get evauate the lottery's potential as a long term investment. Also, I'm looking for an exact number or an approximation based on verifiable data.
2007-03-23 18:34:00 · update #1
not a lot
2007-03-23 17:54:37 · answer #1 · answered by Jason K 2 · 0⤊ 0⤋
realistically, in case you win the lottery (something below 50-one hundred million), you may not provide up your pastime and stay the extravagant existence sort besides. discern you lose 0.5 the jackpot in case you're taking funds selection instead of 20-30 years of money. discern you lose 0.5 of the relax in taxes on the grounds which you're into the optimal bracket. So triumphing a 10 million jackpot = 5 million funds payout = 2.5 million after taxes. in case you reside off the money, and you're 30 years old, discern you will stay to be 80, over 50 years you will have sufficient for fifty,000 a year (which turns into equivalent to 30,000 a year pastime in case you paintings you ought to pay your guy or woman insurance, healthcare, retirement, etc) At immediately's expenditures of pastime, however in case you place 2.5 million in the economic business enterprise and lived off the pastime, you're speaking at 2% return approximately 50,000 a year that way, too. not probable sufficient to stay the extreme existence with 4 mansions, a jet, and 18 autos. triumphing potential you may the two keep your pastime and stay extreme on the hog, or provide up and stay in basic terms. the two way, previously you play, you ought to have a plan that every physique on your loved ones consents upon, so which you will not ought to make those considerable judgements while thoughts are extreme.
2016-10-19 11:54:46 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Your chances of winning ANY lottery are less than your chance of getting struck by lightening TWICE! Honestly, isn't there something you lottery-lovers would rather waste your money on? HEY! You could tape all your bills together in a tree and tell people you have a money tree! But, if you are a 'gambler' you won't see any of the humor here... I personally can't see the joy in gambling with the odds that bad. Actually, although I've never tried it, heroin looks MUCH more exciting! LOL
2007-03-23 18:01:02 · answer #3 · answered by ravin_lunatic 6 · 1⤊ 0⤋
1 in a million
2007-03-23 17:54:24 · answer #4 · answered by jeff m 1 · 0⤊ 0⤋
1 in a couple of million
2007-03-23 20:14:07 · answer #5 · answered by Dr Dee 7 · 1⤊ 0⤋
One thing about the lottery that most people don't know is that,You don't get all of the money at one time, its like checks for like monthly and sometimes yearly,for an example you could get getting 30,000$ monthly, but they also take out for tax making it not so much.
2007-03-23 17:55:42 · answer #6 · answered by Anonymous · 0⤊ 2⤋