1 Billion jackpot

[Addicting]

News said it hit a Billion. If that ticket in your wallet hits tonight who is getting your donations?

RMEF gets enough to never worry about funding if managed correctly.

Children’s Hospital in Adian’s name for research and housing so parents don’t have worries when sickness comes.

Bighorn sheep society and mule deer foundation get enough so interest earned covers all operating expenses. That way all future donations will go 100% into conservation projects.

Lastly Wounded Warrior Project and Hunt with Heros. No explanation needed.

 

[Islander]

Family and friends first.

 

[bobbydean]

I would think you could donate one third of the prize to charity.

Would much prefer giving to charity rather than the government.

Addicting, that is a good list with a few substitutions.

Islander, family and friends should take priority, but I would think in much smaller dollars. I have a huge family. If I gave everyone
$1,000,000, there would still be a bunch left.

I would be talking to an estate lawyer and a tax lawyer.

 

[mtmuley]

I'm gonna buy Hunttalk and ban everyone that doesn't shoot a RUM. mtmuley

 

[JCS]

I shot a 7mm ultra for a while. Does that count?

 

[Irrelevant]

It doesn't matter for you guys because I'm winning

 

[SaskHunter]

Imagine all the unsuccessful draw applications I could buy with that chedda'!!!

 

[Southern Elk]

I’m going to buy a huge ranch, not let anybody hunt it, then lobby FWP and the legislature to allow shoulder seasons because my ranch is overrun with elk.

 

[Sam Colt]

I bought 5 tickets with the same numbers. Insurance against 2 of us winning.

If 2 of us do win, I'll be the one grinning.

 

[Wildabeest]

I'm gonna buy Hunttalk and ban everyone that doesn't shoot a RUM. mtmuley

Post of the year candidate right there!

 

[mtmuley]

Post of the year candidate right there!

Well, it's not really what I would do. Maybe. mtmuley

 

[406dn]

I've never bought a ticket,,,so I haven't daydreamed about winning. mtmuley's post did make me chuckle.

I guess I did win it,,, the governor's bighorn tag auction would get my attention.

 

[Gerald Martin]

If I won, let’s just say the annual Hunttalk Helicopter Hog hunt would resemble the helicopter scene in Apocalypse Now.
If I couldn’t get @JohnCushman up as a door gunner, I bet we could at least supply him with more chorizo than he could cook in a year.

 

[Wildabeest]

I've never bought a ticket,,,so I haven't daydreamed about winning. mtmuley's post did make me chuckle.

I guess I did win it,,, the governor's bighorn tag auction would get my attention.

Us math geeks like to say “the lottery is a tax on people who are bad at math”.

From the guy who buys every raffle ticket ...

 

[Irrelevant]

Us math geeks like to say “the lottery is a tax on people who are bad at math”.

From the guy who buys every raffle ticket ...

It's hard to quantify the amount of joy I get day dreaming about not working anymore.

 

[Deleted member 16014]

I’m with the freakonomics guys, at some point the astronomical amount of money that can be won actually becomes worth the cost of participating.

 

[Shangobango]

I’m with the freakonomics guys, at some point the astronomical amount of money that can be won actually becomes worth the cost of participating.

Yup. I am not going to sit here and do the math that calculates the odds for every prize and the super duper mega pick option or whatever it is called, but just going to talk about the odds of hitting the jackpot.

This can be calculated using an EV calculation ( Expected Value)

The odds of matching all the numbers to hit the jackpot are 1:302,575,350. A ticket costs 2 dollars. so you have to bet 2 dollars that your chosen numbers are going to come up. So 2*302575350= 605,150,700.

If the actual cash payout is $605,150,700 then it is a break even bet. Anything more than $605,150,700 as a cash payment and the bet has value or as those in the gambling world would say you are "getting the best of it". Anything less and you are making a sucker bet, or "getting the worst of it".

Edited: There have only been 4 times that it would have been profitable to buy one mega millions ticket.

 

[VikingsGuy]

I'm gonna buy Hunttalk and ban everyone that doesn't shoot a RUM. mtmuley

Better yet, buy everybody on Hunttalk a RUM!

 

[westbranch]

I just saw a news headlines that the winning ticket was sold in Michigan. I also see @Addicting location

 

[Djfan]

I would buy every one of you a 6.5 Creedmoor.