AVS Discussions

General => Home Theater Misc. => Topic started by: tripplej on November 06, 2022, 07:53:22 AM

Title: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: tripplej on November 06, 2022, 07:53:22 AM
from yahoo (https://www.yahoo.com/news/powerball-jackpot-hit-1-9-080705491.html),


Quote
The Powerball jackpot (https://www.usatoday.com/story/news/2022/11/03/when-is-next-powerball-drawing-billion-jackpot/8256809001/) has officially set another new world record.

The jackpot is now estimated at $1.9 billion, with a cash option of $929.1 million, according to Powerball, ahead of the next drawing Monday.

Personally, I always thought the lottery was a tax on the poor but just for fun, if money was no object, what Home Theater AV would you get?

Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: TRainH2O on November 06, 2022, 10:01:19 AM
Hmmm, I'm not sure what I would buy but I would certainly build a new house with a purposefully-built media room stocked with all sorts of AV goodies. Everything (equipment, speakers, acoustic treatments, projector) would be hidden.
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: AVSCraig on November 06, 2022, 12:17:51 PM
Hmmm, I'm not sure what I would buy but I would certainly build a new house with a purposefully-built media room stocked with all sorts of AV goodies. Everything (equipment, speakers, acoustic treatments, projector) would be hidden.
I wonder what the after tax take home would be from the cash payment - $400 million? I'd move to Nevada, build a new house with a purpose built home theater - probably a Christie Eclipse. Going to need a private shooting range ( acreage ) and a walk in gun vault for all the machine guns I'd buy too! 8) And the price of wine I buy would be going up! ;D
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: Barry on November 06, 2022, 02:26:10 PM
Hmmm, I'm not sure what I would buy but I would certainly build a new house with a purposefully-built media room stocked with all sorts of AV goodies. Everything (equipment, speakers, acoustic treatments, projector) would be hidden.
I would move next store to Tracy!!!!!!
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: Barry on November 06, 2022, 02:30:32 PM
I wonder what the after tax take home would be from the cash payment - $400 million? I'd move to Nevada, build a new house with a purpose built home theater - probably a Christie Eclipse. Going to need a private shooting range ( acreage ) and a walk in gun vault for all the machine guns I'd buy too! 8) And the price of wine I buy would be going up! ;D
After Federal taxes your take home pay would be $585,000,000 on the $930,000,000 that you won.  Of course there are state taxes, so in NY I would take home $484,098,145.
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: AVSCraig on November 06, 2022, 03:37:49 PM
After Federal taxes your take home pay would be $585,000,000 on the $930,000,000 that you won.  Of course there are state taxes, so in NY I would take home $484,098,145.
I think my financial advisor would say " go ahead and buy an Eclipse. Two if you want even ! "
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: tripplej on November 06, 2022, 05:47:56 PM
lol. It is always fun to dream a nice dream here! :)
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: TRainH2O on November 06, 2022, 07:19:42 PM
I would move next store to Tracy!!!!!!
I would welcome you back down South, Barry. I'm in a valley surrounded by mountains, really near your home state.

You would love it here, and we would have the best movie nights. 
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: David Vaughn on November 07, 2022, 02:19:28 AM
Dreaming about winning the lottery is half the fun of buying a ticket, but save your money....I'm winning and I`ll build everyone here a theater...there would be more than enough money to share the dream with friends!
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: bmoney on November 07, 2022, 09:38:12 AM
so nice :) haha
Title: Re: The Powerball jackpot has hit $1.9 billion, the biggest lottery prize ever
Post by: Paul Heroy on November 07, 2022, 03:15:00 PM
Ha, I thought about this in some detail several months ago when there was a big prize. I never buy lottery tickets but for that one I spent $20 on it. And won $4, so hey I guess I can use that for the new one!

I'd definitely have to build the house and room for the dream HT first. But I wouldn't go too overboard, and I wouldn't do it somewhere new. I'd build close to friends and folks I want to actually hang out with. I basically figured I'd keep around $15-20M, enough to build that dream home and then live on modest returns, then have fun giving away the rest to folks or things I like. 
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