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by eihli
1599 days ago
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Nothing stopping someone from buying all the remaining tickets. But if you do the math, I think you'll find it's still not worth it. How fast can you scratch/verify tickets? If you take the lump sum, you get something like 60% of the grand prize. If you take the annuity, it pays out over 20-40 years. Taxes will take out another chunk. But everyone's situation is different. If you already have losses that could be tax-deducted from the win, that would help you. If you could monetize the process by selling your story or gaining youtube fame, that would help. Some youtuber did buy $1,000,000 worth of tickets without any particular strategy and presumably made profit from the youtube side of his business. As expected, he got back ~70% so it only cost him ~$300k + production costs. |
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