Lotto 649 - 40 Million, what would you do?

Chiliagon

Prime Minister
May 16, 2010
2,116
3
38
Spruce Grove, Alberta
So I saw today the Lotto winning amt is estimated at 40 Million!

I had these thoughts on what I'd do with that.

Pay off my debts, Buy a nice house but not ridiculously expensive, give $2m to my parents, a Million to a friend, donate some to the CFL and then put the rest in a bank and disappear.


What would you guys do?
 

VanIsle

Always thinking
Nov 12, 2008
7,046
43
48
I was surprized that this post wasn't started by Spade. I think it's Lotto Max that you mean and not 649.
It's nice to dream isn't it. I would soooo get all my family out of debt. I would not move from the house I live in because I love where I live. I would change a couple of things in the house but I would not move. I see advertizements on TV all the time about how far too many kids cannot play in organized sports because the cost is too dear. I would see to it that any kid in this city that wanted to play a sport, could play a sport. I would build a place that would be rent free for what every city has - a soup kitchen for the poor and homeless. I would set aside enough money for all the children in my family to go to university and pay for those who are going right now. All anyone in any family needs in regard to life in general is a nice home and a good car - all paid for. Winning 40 million doesn't mean we need to move up to "castles" or drive top notch luxury vehicles. For those who are able to work, I don't want to take them so far out of debt that they give up their job. People should still work if only for their self esteem. Holidays are nice but then folks need to get back to being useful. The only money I would give outside of Canada is to the Leper Colony.
People in Ontario need to look at their past ticket purchases. The lotto site says this:
Ticket worth $113,708.50 unclaimed in Eastern Ontario
Time is running out to claim a second prize worth $113,708.50 for a LOTTO 6/49 ticket sold one year ago in the Eastern Ontario area. Players have one year from the original draw date to claim their prize
 
Last edited:

AnnaG

Hall of Fame Member
Jul 5, 2009
17,507
117
63
Pay debts for family, buy a few gifts, park some in investments and bank, then maybe form a foundation to benefit people.
 

petros

The Central Scrutinizer
Nov 21, 2008
108,905
11,186
113
Low Earth Orbit
I see advertizements on TV all the time about how far too many kids cannot play in organized sports because the cost is too dear. I would see to it that any kid in this city that wanted to play a sport, could play a sport.
I thought lotto money was supposed to go to community sport?
 

B00Mer

Keep Calm and Carry On
Sep 6, 2008
44,800
7,297
113
Rent Free in Your Head
www.getafteritmedia.com
Don't bother to buy a ticket and waste you money....




I already bought the winning ticket.
 

Socrates the Greek

I Remember them....
Apr 15, 2006
4,968
36
48
So I saw today the Lotto winning amt is estimated at 40 Million!

I had these thoughts on what I'd do with that.

Pay off my debts, Buy a nice house but not ridiculously expensive, give $2m to my parents, a Million to a friend, donate some to the CFL and then put the rest in a bank and disappear.


What would you guys do?

It is Lotto Max $40 M not 649.....
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
22,836
7,782
113
Regina, Saskatchewan
Hmmm....the house needs new windows, & the Sunbird can use a fresh muffler,
and a head gasket. I could finish the bathroom reno that I've been gathering
supplies for (for longer than I'd like to admit). I don't have elaborate plans
as I live pretty simply. That takes care of me, & the rest I would do good
works with as they appeal to my own sense of right and wrong, as things
come along. All quietly and anonymously, or in someone elses name.
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
547
113
Vernon, B.C.
So I saw today the Lotto winning amt is estimated at 40 Million!

I had these thoughts on what I'd do with that.

Pay off my debts, Buy a nice house but not ridiculously expensive, give $2m to my parents, a Million to a friend, donate some to the CFL and then put the rest in a bank and disappear.


What would you guys do?

I'd probably give a couple of $hundred to each of my grandchildren and watch what they do with it, and if they can spend/invest it wisely there might be a little more for them. I'd put a few thousand in trust targeted at zero illegal drug tolerance in my community to be paid out when the goal is accomplished along with a maintenance stipend at that point to keep it that way. If it proves successful then it may give other communities encouragement to go in the same direction which could lead to the entire province/xountry becoming drug free. I'd put a few thousand toward educating vulnerable children in my community about the evils of illegal drugs. I'd be tempted (if there was any way it was legal) to put a $1000 bounty on the scalp of any drug pusher, to be paid when said scalp is dropped at my door. That one might take a little fine tuning. I'd also put a few thousand $ into a well run seniors home/complex in my community in anticipation of my own needs in the next three or four decades.
 

petros

The Central Scrutinizer
Nov 21, 2008
108,905
11,186
113
Low Earth Orbit
Quoting petros I thought lotto money was supposed to go to community sport?
Some of it does, other bits go to arts organizations
Some of it does, other bits go to arts organizations.

I know that soccer here is approx $100, Hockey is typically $300.
I was just going to complain that maybe they should have only given away $20M if they were serious about kid's sports and arts BUT then I thought well why the hell doesn't taxes cover that anymore?
 

VanIsle

Always thinking
Nov 12, 2008
7,046
43
48
Taxes covers what? The baseball diamond? The soccer field? When my kids played ball, they paid about $35.00 for the season and showed up. They were handed a uniform and the equipment was all there. Now reg. is about 4 times the amount. They all carry a bat case for their own bat, they have to buy their own helmet and other mandatory equipment. Don't even get me started on the cost of playing hockey.
Nearly all kids used to play ball. Now they can hardly field a team. It's good we live in a small city because they play all over town. It's not like they can have the south end of town against the north etc. Not enough players. Easy to see why. Sometimes the kids go to their very expensive hockey games and they have to borrow from other teams because some of the kids don't show up. People cannot afford these costs. Maybe more lottery money should go toward kids sports rather than professional sports. I realize professional sports needs money too but how will there be new competitors in a few years?
 

Dexter Sinister

Unspecified Specialist
Oct 1, 2004
10,168
536
113
Regina, SK
$40 million is a staggeringly huge sum of money. I could win about $40 million, pay off all my debts and my kids' debts, take care of some of my relatives, buy a new house and several cars, and still have about $40 million, rounding it to the nearest million. After paying debts and buying some nice things for myself, my wife, my children, and the others I love best, I'd give it away to what I consider to be worthy charities. Suddenly having that much money I think can really mess you up, my instinct would be to get rid of it as fast as possible. I think... I'll let you know if I actually win it. :smile:
 

VanIsle

Always thinking
Nov 12, 2008
7,046
43
48
You'll have to buy a ticket for next Friday. You (and no one else either) won the biggie tonight.
Lotto Max Prize Breakdown by location of winning tickets for May 28th draw
  • 7/7 Jackpot
    • Carried Over
  • 6/7 + Bonus
    • 1 British Columbia
    • 1 Western Canada
    • 1 Ontario
    • 0 Quebec
    • 0 Atlantic Canada
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
547
113
Vernon, B.C.
Taxes covers what? The baseball diamond? The soccer field? When my kids played ball, they paid about $35.00 for the season and showed up. They were handed a uniform and the equipment was all there. Now reg. is about 4 times the amount. They all carry a bat case for their own bat, they have to buy their own helmet and other mandatory equipment. Don't even get me started on the cost of playing hockey.
Nearly all kids used to play ball. Now they can hardly field a team. It's good we live in a small city because they play all over town. It's not like they can have the south end of town against the north etc. Not enough players. Easy to see why. Sometimes the kids go to their very expensive hockey games and they have to borrow from other teams because some of the kids don't show up. People cannot afford these costs. Maybe more lottery money should go toward kids sports rather than professional sports. I realize professional sports needs money too but how will there be new competitors in a few years?

Yep, you got that right, we've been through it, hockey, swim clubs, soccer etc. Hockey was the worst but with the swim club there was quite a bit of travelling I seem to recall. With the hockey at least you can cut corners. You don't have to buy brand new gear, the kid will try telling you otherwise but that's bullsh*t. Every fall they had an equipment swap day at the arena where you could get good 2nd hand stuff and then to make the kid feel a little better he'd get a new pair of glove or shin pads for Xmas - if he was good. Of course the rich kids (or more likely the parents) try to dictate trends, you have to tell them to get lost. :lol:
 

JLM

Hall of Fame Member
Nov 27, 2008
75,301
547
113
Vernon, B.C.
$40 million is a staggeringly huge sum of money. I could win about $40 million, pay off all my debts and my kids' debts, take care of some of my relatives, buy a new house and several cars, and still have about $40 million, rounding it to the nearest million. After paying debts and buying some nice things for myself, my wife, my children, and the others I love best, I'd give it away to what I consider to be worthy charities. Suddenly having that much money I think can really mess you up, my instinct would be to get rid of it as fast as possible. I think... I'll let you know if I actually win it. :smile:

You hit the nail on the head- give me $40,000 and I'll never complain again as long as I live. These jackpots are ridiculous. If the limit was set at 1/2 million 80 people could benefit in a big way, rather than one person spending himself sick like a child with a big bag of candy.