Sunday, April 6, 2008

FYI

The Louisiana Lottery jackpot is up to $68 million. If you take the payout instead of the annuity, that's about $40 million. After taxes, you're looking at an actual take home of approximately $20 million.

No, I didn't buy a ticket. But for as long as I can remember, anytime I had the opportunity to drive through Louisiana and see a Lotto Jackpot sign, I've played the, "How much would that actually be, and what could I do with that money..." game. Driving up to Arkansas on Friday it was at $50 million, but today it was up to $68 million.

When it gets over $200 million my dad will sometimes send my brother over to get one ticket. He never buys more than one. He says if you buy two, you cut your return on investment in half.

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