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Sealand
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Sorry I forgot that the winning numbers for the 1st five numbers do not need to be in order.59 balls. The 1st ball picked is 1 in 59. Second 1 in 58. Third 1 in 57. Fourth 1 in 56. Fifth 1 in 55.
So you take 59x58x57x56x55.
That's 600766320.
You have a 1 in 600,766,320 chance of getting the 1st five numbers.
No take that number and multiply it by the number of red balls. 39x600,766,320
Your true odds of getting the 1st five numbers and the powerball are.
1 in 23,429,886,480
However your chances of winning if you do not buy a ticket are.....
0
If you took the prize as a lump sum cash payment, you'd be lucky to see $300,000,000 actually end up in your bank acct. after getting the $700,000,000 principle payment and after taxes. Could be a bad news for your kids if you think you'll leave most of it in your will and you live somewhere there is a "death tax".
The $65,000,000 ($5.5 mil/month) gross over 20 years option will total $1.3 billion.
Likely netting around $700,000,000 after taxes over 20 years. You can invest the annual cash remainder if you can manage to live on less than 65 mil a year.
If you want to gift some to anyone you may need to then get it in legal writing and then get them signed on to the ticket prior to claiming the prize.
Don't hire a lawyer, hire a large law firm that is used to dealing daily with the likes of Gates, Buffet, etc...they'll know all the dodges to protect the money from taxes by setting up foundations, trusts, offshore accts etc...
You're rich...you'll need to think like them to stay that way.
If I were to add up all the money I've spent on alcohol and bought Powerball tickets with it I probably would have won by now....Powerball offers a 1 in 23,429,886,480 for not going to work tomorrow.
Alcohol offers a 1 in 5 chance for not going to work tomorrow.
You do the math
I would build a private institution of higher learning that emphasizes objective thinking and critical analysis in the classic sense, and I would try to find some way of making it self sustaining financially.
Sadly, you may be quite correct.And no one would attend because it would require them to think. Thinking is hard work, and those who think for themselves and speak the truth are ostracized from society.
501(c)3 (aka Tax exempt non-profit).
?
NopeWTH? Am I the only guy here who would spend it on trashy women?