[Onebadcad]

My revised powerball due to rollover, Saturday is drawing.

Here the FL winner math--net proceeds are less if state has income tax:
$1.230B estimated prize today
$1.5B should be the increased jackpot for Saturday drawing
$728M cash prize, based on 48.50% of jackpot amount
***AGAIN, FLORIDA amount, no state income taxes
37% stolen by irs
$459M net cash proceeds after irs theft
***I believe you are given 75% of your cash prize, you get square on tax filing

We will work with the $459M net after irs theft
You build a 20,000 sqft home, 100-car garage on 10-acres
Figure 40,000 total square feet at $750 sqft, so $30M
Land will vary, figure $2M max for land
Furnishings and garage equip will be another $5M
Figure about $5M for bowling alley, Scottish-replica bar, huge pool, living quarters in garage to hide from wifey
So total ALL IN on home is $42M, call it $45M as you will need upgrades

So, you spend $45M on house and your 100-car garage
Leave you with $414M

If you want a yacht, figure $20M for a newer 150-foot
DO NOT BUY A JET, go fractional, will cost under $2M for 1/16 share of a $30M eight-seater
You still pay by the hour for flight time, but hey, why hang out in airports and airport parking lots

So, after house w/ killer garage, 150-footer and fractional jet, you still have $392M
Wifey will buy wardrobe, jewelry, purses, shoes, etc,,, so figure $3M here.

You are down to $389M
Figure net 8% return after taxes, you live on $2.6M/month without touching $389M


Here is what I would do.
I would not spend a penny, I can manage what little current debt I have.
Take all of $459M, know a dood, hedge fund owner, maybe family
He takes all $459M, gets me 18% annually net after fees and taxes--his average is better than this in last 20+
That grows compoundly and doubles every four years
So, year 4 I now have $918M
By year 8 I am at $1.836B
Year 12 at $3.672B
Year 16 at $7.348B

I will get out of the game at year 16, I will now have enough to buy every Arby's franchise, change name to OBC's place and invite all my VB buddies, of which I currently have none, to dine with me in any city in America.