Lotto 649 - 40 Million, what would you do?

Lotto 649 - 40 Million, what would you do?

Chiliagon

#1May 28th, 2010

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?

petros

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

What would I do? Save my sanity and $2 by not buying a ticket.

VanIsle

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

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 by VanIsle; May 28th, 2010 at 12:16 PM..

AnnaG

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Pay debts for family, buy a few gifts, park some in investments and bank, then maybe form a foundation to benefit people.

petros

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Quote:

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

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Don't bother to buy a ticket and waste you money....

I already bought the winning ticket.

Socrates the Greek

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Quote: Originally Posted by cflisthebest

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.....

AnnaG

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Quote: Originally Posted by Socrates the Greek

It is Lotto Max $40 M not 649.....

Yeah, VanIsle said that a while back.

I want a new boat.

VanIsle

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Quote: Originally Posted by petros

I thought lotto money was supposed to go to community sport?

Kids baseball alone costs $150.00 per kid as long as they didn't register too late.

Quote: Originally Posted by B00Mer

Don't bother to buy a ticket and waste you money....

I already bought the winning ticket.

I only live across the water. Will you share!!

TenPenny

#10

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Quote: Originally Posted by petros

I thought lotto money was supposed to go to community sport?

Some of it does, other bits go to arts organizations.

I know that soccer here is approx $100, Hockey is typically $300.

Chiliagon

#11

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

ya I just saw that today..

it is LottoMax. would be nice to win.

Ron in Regina

#12

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

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

#13

Re: Lotto 649 - 40 Million, what would you do?

May 28th, 2010

Quote: Originally Posted by cflisthebest

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

#14

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote:

Quoting petros I thought lotto money was supposed to go to community sport?

Quote:

Some of it does, other bits go to arts organizations

Quote:

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

#15

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

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

#16

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

$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.

VanIsle

#17

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

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

#18

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by VanIsle

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.

JLM

#19

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by Dexter Sinister

$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.

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.

Liberalman

#20

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

I won I won!!!

Liberalman

#21

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

But I didn't

TenPenny

#22

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by JLM

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.

If the limit was 1/2 million, nobody would buy tickets.

1/2 million is hardly enough to retire on, there's not much appeal to that.

L Gilbert

#23

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Bank it. Then probably play with a little of it, relieve any financial stress in the family, invest some, and then do beneficial things with some of it.

L Gilbert

#24

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by Dexter Sinister

$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.

You'd also make a nice gift to the gov't, too. lol

L Gilbert

#25

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by TenPenny

If the limit was 1/2 million, nobody would buy tickets.

1/2 million is hardly enough to retire on, there's not much appeal to that.

That would depend upon your lifestyle, wouldn't it?

JLM

#26

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by TenPenny

If the limit was 1/2 million, nobody would buy tickets.

1/2 million is hardly enough to retire on, there's not much appeal to that.

I could make a damn good stab at it, but regardless withdrawn at $25,000 a year it could change an ordinary retirement to be very comfortable.

VanIsle

#27

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by JLM

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.

They still have skate swaps but it pretty much ends there. Once they get to a certain level of hockey (and even at 10 yrs. of age, my grandson is there), they travel lots. They play in Comox, Lake Cowichan, Victoria and tournaments in Vancouver. Have you checked out the cost of a good hockey stick lately? He must wear a helmet with a face guard, he must wear a mouth piece, shin and ankle pads. He's padded everywhere and it's a requirement - not just fussy parents. He has an equipment bag that costs a small fortune. It stands and opens like a closet door! All his uniform etc. is hung up inside and provides a place where he can hang up his other clothes while he's in his gear. He goes to tournaments in a shirt and tie with dress pants. A trip to a Tourney in Vancouver usually is two nights in a hotel plus ferry and food costs. He even goes to summer hockey camp which is another big expense. I realize that many of these costs are optional in the sense that if he wasn't a good player, they wouldn't need to spend so much but he is good. He was listed amongst those who rank 4th province wide for his age group and this is his first year in that age group. It's the first year they start hitting! They actually go to a training camp for that as well.

VanIsle

#28

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by TenPenny

If the limit was 1/2 million, nobody would buy tickets.

1/2 million is hardly enough to retire on, there's not much appeal to that.

Sadly, you are right. Half a million is basically only enough to pay for a house and a car with a little left over to share.

JLM

#29

Re: Lotto 649 - 40 Million, what would you do?

May 29th, 2010

Quote: Originally Posted by VanIsle

They still have skate swaps but it pretty much ends there. Once they get to a certain level of hockey (and even at 10 yrs. of age, my grandson is there), they travel lots. They play in Comox, Lake Cowichan, Victoria and tournaments in Vancouver. Have you checked out the cost of a good hockey stick lately? He must wear a helmet with a face guard, he must wear a mouth piece, shin and ankle pads. He's padded everywhere and it's a requirement - not just fussy parents. He has an equipment bag that costs a small fortune. It stands and opens like a closet door! All his uniform etc. is hung up inside and provides a place where he can hang up his other clothes while he's in his gear. He goes to tournaments in a shirt and tie with dress pants. A trip to a Tourney in Vancouver usually is two nights in a hotel plus ferry and food costs. He even goes to summer hockey camp which is another big expense. I realize that many of these costs are optional in the sense that if he wasn't a good player, they wouldn't need to spend so much but he is good. He was listed amongst those who rank 4th province wide for his age group and this is his first year in that age group. It's the first year they start hitting! They actually go to a training camp for that as well.

Yeah, it's too bad it's become victim of a bunch of entrepreneurs trying to capitalize. I can see some of it for the ones in their upper teens, but a bunch of 8 year olds don't need very much safety equipment and until they find out if the kid is really into it, 2nd hand equipment is just fine. It's time a lot of people got realistic including some parents and coaches. I guess it's gotten to be an elitest sport, if your parents don't have the big bucks you just don't play. Sad. What equipment did the kids playing hockey in backyards on the prairies years ago have. Skates, a stick and a toque and that was about it. This head gear is even getting to be bullsh*t.

furiousrooster

#30

Re: Lotto 649 - 40 Million, what would you do?

Aug 9th, 2010

Lotto max and 649 are SCAMS set up by the OLG.....I actually called them cause the odds were not making sense as per the amount of tickets sold....they amount of people who draw there own numbers are 20 percent.....quick pick numbers accumulate to 70-80 percent....heres the catch....THEY WILL DRAW THE SAME NUMBERS AND DISPERSE THEM ACCORDINGLY.....for example if you get a quick pick number lets say 1 2 3 4 5 6 7 they will regenerate that same line repeatedly to others...they wouldnt give me the exact ratio of how often this occurs but this is all part of the SCAM

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