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Honored Contributor
Posts: 19,789
Registered: ‎06-09-2014

Re: What would you do if you won Powerball???

@2blonde  Leaving work and hopping in the Fiat now to drive up I-95!  Smiley LOL

 

Actually, my entire family lives in PA (I grew up across the river in NJ) and they will cut me in if they win or they raised me to take care of business. Smiley Surprised Smiley Wink  

 

 

Esteemed Contributor
Posts: 6,475
Registered: ‎03-14-2015

Re: What would you do if you won Powerball???


@missy1 wrote:

What would you get if you picked 4 or 5 of the numbers?


 

 

It depends on if you just picked four winning numbers,

 

five winning numbers,

 

four numbers PLUS the Powerball number,

 

five PLUS the Powerball number.

 

******************************************************************************

 

For California the breakdown is this:

 

 

 

Five winning numbers + the Powerball = $500,000,000

 

Five Numbers = $1,414,967

 

Four + Powerball = $21,307

 

Four numbers = $417

 

*****************************************************************************

 

Of course, the pool is also divided by the number of people who also have the five winning numbers, four numbers + the Powerball number, and four winning numbers.

Honored Contributor
Posts: 26,549
Registered: ‎12-17-2012

Re: What would you do if you won Powerball???

 

NEW POWERBALL PRIZE PAYOUT TABLE*

MATCH

PRIZE

POWERPLAY

ODDS

Five White + Powerball

JACKPOT

N/A

1:175,223,510

Five White

$1,000,000

$2,000,000

1:5,153,633

Four White + Powerball

$10,000

$40,000

1:648,976

Four White

$100

$200

1:19,088

Three White + Powerball

$100

$200

1:12,245

Three White

$7

$14

1:360

Two White + Powerball

$7

$14

1:706

One White + Powerball

$4

$12

1:111

Powerball

$4

$12

1:55

*This table will become effective with the Powerball draw on January 18, 2012.

Fate whispers to her, "You cannot withstand the storm." She whispers back, "I am the storm."

Honored Contributor
Posts: 33,580
Registered: ‎03-10-2010

Re: What would you do if you won Powerball???


@missy1 wrote:

What would you get if you picked 4 or 5 of the numbers?


4 numbers is only $100.00.

 

4 plus the powerball number is $50,000.00.

 

5 numbers is $1m. 

Respected Contributor
Posts: 4,665
Registered: ‎03-10-2010

Re: What would you do if you won Powerball???

@Laura14  Woo Hoo! Looks like you can just stay home and wait for your family to rake in the bucks!  Maybe I should call my Ex and ask him if he'd cut me in (he lives near Waynesburg).

Laura loves cats!
Honored Contributor
Posts: 19,789
Registered: ‎06-09-2014

Re: What would you do if you won Powerball???

@2blonde  My Uncle Vinny is your Uncle Vinny.  You'll get your cut.  Smiley Wink

Honored Contributor
Posts: 20,143
Registered: ‎04-18-2012

Re: What would you do if you won Powerball???

Move, I'm not sure exactly where but I wouldn't stay in the city we are now. I'd set up a trust fund for my kids, start a cat rescue, a lobby to advocate for making declawing illegal and start a low cost spay and neuter program if there wasn't one where I moved to or support the one that is there. 

 

 

Don't Change Your Authenticity for Approval
Trusted Contributor
Posts: 1,558
Registered: ‎03-10-2010

Re: What would you do if you won Powerball???

About 20 people are on my list to share such a prize with.  My share would be much larger, since it would include contributions to various charities.  I think, if after taxes there would be about $400 million left, that $100 million easily could go to charity.  But everything would have to be worked out with accountants and lawyers.

Honored Contributor
Posts: 8,179
Registered: ‎03-10-2010

Re: What would you do if you won Powerball???

How does it work when you give people money (a lot)? Pay off their mortgage etc.. Are they taxed too?

Honored Contributor
Posts: 20,143
Registered: ‎04-18-2012

Re: What would you do if you won Powerball???

[ Edited ]

@missy1 wrote:

How does it work when you give people money (a lot)? Pay off their mortgage etc.. Are they taxed too?


You have to pay the gift tax on the money you gave if it's over the limit. 

Don't Change Your Authenticity for Approval