Unpopular Opinion

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Large lottery prizes like the $1 billion + we just had shouldn't happen. (lemmy.world)

submitted 4 months ago by [email protected] to c/[email protected]

20 comments fedilink hide all child comments

The prize should hit a limit and be divided into another prize drawing. For example, make $300 million the limit. Still a massively life-changing sum after taxes. When the prize reaches $300 million a new drawing is established alongside the existing one and gets its own numbers for drawing. So now you have twice as many chances to win, albeit one large pool and a smaller, growing pool. Repeat when the second pool reaches $300 million. You could have had 4 simultaneous drawings for the billion+ pot that was just won by a single person.

More people get a shot at a huge sum of money. Seems like a better deal, more winners, more exciting because you get more chances per drawing if there are multiple prizes.

(I’m not encouraging anyone to play if they don’t want to, and pedants need not repeat the odds of winning. Don’t play if you don’t want to, but obviously someone wins.)

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[–] [email protected] 6 points 4 months ago (2 children)

300 million and a caveat that that's the amount after taxes, they should calculate that shit for you, and I'd be down with a 100% tax then. "Congrats, you won 300 million" and 300 million goes to the public too, so everyone wins in a way.

Agreed, 1 bil is too much for any person, 300 mil is plenty. You get a 30 million dollar home, and then say 100mil for taxes for the duration of your life and staff to keep it up. Set aside, oh, 1 mil for just random expenses, and then you put the rest in the market with an actual advisor and you never need to work again in your entire life.

[–] [email protected] 5 points 4 months ago

I mentally divide any lottery prize by 50% to approximate the lump sum.

[–] [email protected] 1 points 4 months ago

Or just make it tax free like other countries already do.