ST Alpha - "Look like about 37...178 tickets. -- nm" (Reading a Post)

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In response to "Meg - how many people are in thus far? -- nm" by JaxSean

Look like about 37...178 tickets. -- nm

Posted by Meg (aka Mojave) Nov 26 '12, 13:33

(No message)

Responses:

So with 140 mil as the actual take home, divided by 37 participants, a $2 share = $3.8 mil - TWuG Nov 26, 13:42 10
- you have to divide by number of tickets (then multiply by number held for each person's share). Currently each share would be under a million. -- nm - zork Nov 26, 13:44 8
  - The actual payout is more complicated, as you say. -- nm - TWuG Nov 26, 13:46 1
    - The average buy-in was 4.8 tickets per person, so the average person will take home $3.8 million -- nm - TWuG Nov 26, 13:54
  - specifically, $786,517 per share. -- nm - zork Nov 26, 13:45
  - I figured it as if everyone put in the $10 -- nm - peglegpete Nov 26, 13:45 4
    - then it would be 370 tickets. -- nm - zork Nov 26, 13:46 3
      - Powerball is a $2 ticket -- nm - peglegpete Nov 26, 13:48 1
        
        ah, yes. sorry. so 3.8 would be close. -- nm - zork Nov 26, 13:57
      - but only 1 will win the grand prize -- nm - peglegpete Nov 26, 13:47
- cool :) -- nm - peglegpete Nov 26, 13:43
if we are the solo winner, that is $3.8M each -- nm - peglegpete Nov 26, 13:41 2
- what would you get from an annuity these days? -- nm - zeitgeist Nov 26, 13:45 1
  - no idea -- nm - peglegpete Nov 26, 13:45

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