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    Showing posts with label mega millions. Show all posts

    Mega Millions are rich, but not THAT rich

    Congratulations, Mega Millions winners! You've just won the biggest lottery in history! Move over Bill Gates and Warren Buffett!

    Not so fast, Richie Rich.

    There's no doubt that you're now each a member of the 1 percent. A life of comfort and leisure awaits, and managed wisely, it just might await your friends and family for generations to come.

    Let's just not get carried away.

    A luxury box at the stadium you can afford, but forget about buying the franchise and becoming the "No. 1 fan" of your favorite NFL or Major League Baseball team. The Los Angeles Dodgers just sold for $2 billion, besting the NFL record price of $1.1 billion for the Miami Dolphins by nine times your take-home winnings.

    If you'd like to turn the keys at the sweetest pad in New York City — an $88 million apartment at 15 Central Park West — you'll have to spend nearly all of it to close the deal. But don't get into a bidding war: You're sure to lose out to the current owner, the 22-year-old daughter of a Russian billionaire.

    Even if you're looking to become the next great philanthropist, your good deeds can't compete — at least in terms of dollars and cents — with that Gates guy. His foundation has given away close to $26 billion since it was established in 1994.

    So, you've got some catching up to do. Don't worry, you're starting from a good place.

    In the hours before the dramatic Friday night drawing, the jackpot was estimated at $640 million. If you each take the lump-sum payout, the cartoon checks made out to you will be worth about $150 million. Uncle Sam gets his share, and your state might, too.

    All told, you'll each have roughly 100 million reasons to call April 2, 2012, the best Monday morning of your life.

    If you follow the advice of those who know money, you won't splurge on those big-ticket items that you can afford, such as a top-of-the-line Gulfstream G650 jet ($64 million, excluding pilot, maintenance, hanger and fuel costs) and a place to fly it, your own private island (let's call that $25 million even).

    $363-million Mega Millions Winning Numbers Announced

    The winning numbers for the $356 million Mega Millions lottery jackpot, the third-largest prize in the game’s history, were 9, 19, 34, 44, 51 and Mega Ball 24, but they did not produce a winner, officials said.

    The lack of winner on Tuesday night’s drawing means the estimated jackpot will grow to an estimated $476 million for a drawing Friday, according to the offical Mega Millions website. Mega Millions drawings are held Tuesday and Friday at 11 p.m. EDT and Tuesday night’s drawing took place in Atlanta, Ga.

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    The odds of winning the Mega Millions jackpot were estimated at about 1 in 176 million, according to lottery officials.

    The largest Mega Millions jackpot ever won was $390 million in March 2007, according to Mega Millions.

    The winner is selected through five balls drawn from a set of balls numbered one through 56, and one ball is drawn from a set numbered one through 46.

    While there are nine ways to win a prize, starting from $2, ticket buyers across the country have their eyes on the $356 million jackpot, which has been growing since Jan. 24. That’s when Mega Millions had its most recent jackpot winner, Marcia Adams, 33, from Georgia. She won $72 million and chose the cash option of $52 million.

    The odds of winning any of the Mega Millions prizes are approximately 1 in 40.

    The estimated jackpot is based on national sales up to the time of the drawing. In the last drawing, in which there was no jackpot winner, almost 2.9 million tickets won Mega Millions prizes.

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