OzLotto's $106 million, what would you do??

mafia_boy · Jun 30, 2009

If you live in Australia and haven't been in a cave for the past week, you'll know that our nationwide lottery "OzLotto7" has reached a record $90million for tonight's draw. The questions I'm asking you guys (especially the Aussie's) is:

a) Have you got a ticket in tonight's draw and been a sheep like me trying for that one piece of luck.

b) If you did win, what would you be buying and spending it on??

I've got a few games in for tonight, and if I personally win I will be doing the Richard Branson thing and buy my own island. :cool:

There's plenty of them (about 30) for sale just off Queensland's coast for between $850k and $8.5 million....a bargain compared to Necker Island's $250 million pricetag.

So, are you in it to win it tonight??

Jay · Jun 30, 2009

I am in it, if I win I will be buying lots of vehicles and property (and sharing some of the weath).

100 million now isn't it?

Mad94d · Jun 30, 2009

Our family is in tonight.

We were actually discussing it on the way home what we'd do if we won it. :lol:

There were things brought up such as pay off the house(boring) and go on a holiday. I said get a Go-Kart!

mafia_boy · Jun 30, 2009

Jay
I am in it, if I win I will be buying lots of vehicles and property (and sharing some of the weath).

100 million now isn't it?

Getting near there thanks to all us sheep buying tickets.

Baa baa baa!! :cool:

At the 7-11 that's 3 doors down from me, they had an inflatable OzLotto truck in one of the parking spaces....I thought that was pretty priceless. :lol:

Wenders · Jun 30, 2009

mafia_boy
If you live in Australia and haven't been in a cave for the past week, you'll know that our nationwide lottery "OzLotto7" has reached a record $90million for tonight's draw. The questions I'm asking you guys (especially the Aussie's) is:

a) Have you got a ticket in tonight's draw and been a sheep like me trying for that one piece of luck.

I have a 15 game easy pick for myself and with work we have a system 8 & 9 and 2 normal games.

mafia_boy
b) If you did win, what would you be buying and spending it on??

Well if I win the 90mil all to myself (this is the preferred option of course - I admit I am greedy)
Quit my job
I'd put money aside for my kids (maybe

) and family members
Set up trust funds for nieces and nephews to buy a house and help them with study.
Renovate my house - of course I could just sell it but I have some ideas of what I'd like to do to it and would like to see the ideas come to fruition, plus I need somewhere to live whilst building my dream home.
Buy some sort of business that Jack can run - I don't believe in giving anyone a free ride.
Travel -loads of it, first class all the way.
And of course invest wisely so the money will last me forever.
Take Jack and a few other aussie GTPers to the next UKGTP meet.

If I have to share the winnings then I'll pretty much do the same as above but what I share amongst relatives would be reduced.

Jay
I am in it, if I win I will be buying lots of vehicles and property (and sharing some of the weath).

With me ?

Turbo Lag · Jun 30, 2009

3 tickets, although it's shared with at my mum's workplace between 17 people.

zed300 · Jun 30, 2009

1 system 11 ticket

I'd buy a big block of land put a biiiiigg shed on it, and build a race track and go and buy cars and tyres... lots of tyres :lol:

Then a block of units in the city and put one in each of the kids names for their future.
Property , more property and more property.

Blake · Jun 30, 2009

Wenders
Travel -loads of it, first class all the way.
And of course invest wisely so the money will last me forever.

I was going to note the irony there, but

Wenders
Take Jack and a few other aussie GTPers to the next UKGTP meet.

Thanks mum.

Paulie · Jun 30, 2009

I'd put most of it away to buy a very subtle house in a really convenient location one day. I've long maintained that if I won a whole heap of money the only thing I'd buy lots of is cars, everything else about me (apart from the huge garage :sly:

) would be subtle and modest. :lol:

zed300 · Jun 30, 2009

Got 5 numbers and 2 supps....

Took six games though

Paulie · Jun 30, 2009

zed300
Got 5 numbers and 2 supps....

Took six games though

I don't get it.

zed300 · Jun 30, 2009

Neither did I :lol:

I needed what I got in 1 game.

mafia_boy · Jun 30, 2009

I did get it, but then your following posts confused me. :lol:

So you got 5 numbers & both supps eh?? Decent payout for you then. 👍

Want to put up the numbers for us who were distracted with other things?? :embarrassed:

*added bit* And I'm changing the title of the thread......it's $106 MILLION!! :eek:

*added bit #2* I found the #'s. I didn't win.

Wenders · Jun 30, 2009

TWO lucky people have shared the biggest Tattslotto draw in Australian history.

Tattslotto said the two winners were from Queensland and South Australia.

I haven't checked my numbers yet so I am still in with a chance!

Blake
Wenders
Travel -loads of it, first class all the way.
And of course invest wisely so the money will last me forever.

Click to expand...

I was going to note the irony there, but

Well we are talking about ~~106mil~~ 53mil. I think I can wisely invest my money in first class travel.

Blake
Wenders
Take Jack and a few other aussie GTPers to the next UKGTP meet.

Click to expand...

Thanks mum.

But since you are concerned about me wasting my hard won cash I'll fly you over in cattle class.

Could even finance a Aussie GTP meet and invite a few notable foreign GTPers to come along expenses paid of course with free fairy bread and lamingtons for all.

Danoff · Jun 30, 2009

This post:

https://www.gtplanet.net/forum/showpost.php?p=3191141&postcount=13

Was assuming many billions. Since this is only $100 million, I think I can't afford many of the things that I put in the list above.

With $100 million ($50 million after tax) I could achieve the same comfort level that I would achieve with $100 billion. In otherwords, I'd spend ~the same amount on me (might have to forgo the island). Multiple houses in multiple climates - each one fully stocked and staffed would be no problem. I'm sure I'd also want a jet.

Instead of starting my own institutes, I might just become a substantial contributor to those that already exist. I'd create a number of endowments that were oriented toward spreading the principles that I think are important.

I'm also confident that I would adopt a few dozen children and have the appropriate staffing levels to accommodate them.

Keef · Jun 30, 2009

The Powerball lottery here in the States has gotten over $300 million more than a couple times.

If I suddenly came into a large sum of money, the first thing I would do is figure out how to manage it as any responsible wealthy person would do. Not necessarily invest it, not necessarily sit on it, but just learn what to do with a chunk of change like that. Where to put it and stuff like that.

After I figured that out I'd probably move out on my own, probably with a friend or two. Someplace humble, easily reached, easily cleaned, easily lived in, and with a huge garage. I've had fantasies of buying a large warehouse and building a house on the inside, similar to what Rob Dyrdek has done. Maybe on top of it. Maybe I'd buy this big lot up the hill from my house now that has been empty my entire life and build on that. It's got fantastic views of Dayton from up here on the hill. Plus, it would help make West Carrollton look less crappy, and I'd be able to roll up at the Hamburger Wagon in whatever crazy car I may have in that garage.

Cars. My Civic, for sure, and some others. I like the Suzuki SX4. And a Hyundai Genesis or Jaguar XF for highway jaunts and whatnot. Oh and a truck. A big one.

Behind that truck boats would be towed. Something reasonable, because calling up a Semi to tow my boat to the lake twice a year sounds like a huge pain in the ass. I wanna take it and my PWCs wherever, whenever. But of course I'd have to take boating classes first to get my license.

I think a pilot's license sounds nice too. One of my friends has always been interested, and since neither of us would ever have to work again we'd have plenty of time to take classes and get experience. Sounds very tough and demanding, but relaxing and rewarding.

That's a lot of toys, though. I've got a take-it-slow kind of personality, and in my free time I accomplish little to nothing. I don't see much of that changing, whether I'm filthy rich or not. My life right now is perfectly comfortable. The only thing I'd ask for at the moment is a girlfriend to keep me company every now and then and about $15 so I can take my broke-ass cousin to Fricker's right now. I really like Fricker's.

mafia_boy · Jun 30, 2009

Danoff, ours is TAX FREE!

So it's $53 million clear to each person.

The other winner is from QLD, all my side of the family lives there. I hope it was one of them. 💡

If it is, moochie moochie moochie. :lol:

Keef
The only thing I'd ask for at the moment is a girlfriend to keep me company every now and then and about $15 so I can take my broke-ass cousin to Fricker's right now. I really like Fricker's.

Get a mail-order bride (or 4, you could afford it now!!

) and build a Fricker's in your kitchen. :cool:

I'd do that but swap Fricker's with the Pizza Hut dessert bar, have it permanently stocked up in my kitchen. Or a swimming pool full of their chocolate mousse and just drown in it. :drool:

Casio · Jul 1, 2009

mafia_boy
Danoff, ours is TAX FREE!

As far as I know it isn't. Why would it be?

Northstar · Jul 1, 2009

If I won the lottery I would go to college just as a personal thing. After that an RV trip to every state in the US.

mafia_boy · Jul 1, 2009

Casio
As far as I know it isn't. Why would it be?

That was the report. It was tax free. It's not a job, it's a lottery.

It's like saying you would be taxed everytime you went and won on the pokies. It doesn't happen.

zed300 · Jul 1, 2009

mafia_boy
I did get it, but then your following posts confused me.

So you got 5 numbers & both supps eh?? Decent payout for you then. 👍

Want to put up the numbers for us who were distracted with other things??

*added bit* And I'm changing the title of the thread......it's $106 MILLION!!

*added bit #2* I found the #'s. I didn't win.

On the system 11 I got 2 numbers.
On a coupon with 6 games on it, the numbers were scattered across all the games.

No payout at all

Igot 2 numbers in one game, 2 in another and so on.

It is tax free, no winnings from lotteries or horse racing, in Aus is taxed.

Keef · Jul 1, 2009

Casio
As far as I know it isn't. Why would it be?

It could be that the ticket purchases are taxed instead of the prize. Thus why the prize, while being a record, is relatively small compared to some here in the States. But ours get heavily taxed, maybe up to 50% or so.

Vasco · Jul 1, 2009

Keef
It could be that the ticket purchases are taxed instead of the prize. Thus why the prize, while being a record, is relatively small compared to some here in the States. But ours get heavily taxed, maybe up to 50% or so.

No, I did tax law recently. It's specifically listed in the legislation that any winnings from gambling are not taxable, unless that is your job (e.g. professional poker player).

I heard someone from Adelaide won...Jay?

Danoff · Jul 1, 2009

Here in the states all gambling winnings are taxable.

Northstar · Jul 1, 2009

Danoff
Here in the states all gambling winnings are taxable.

Not all of them, they only tax the amounts where you have to go to the lottery office.

I think the guy that won the $232 million a couple months ago only walked away with $88million.

Jay · Jul 1, 2009

Keef
The Powerball lottery here in the States has gotten over $300 million more than a couple times.

Yeah but $100 million is big money for us with a population of just over 20 million compared to the US with 250+ million.

Vasc0
I heard someone from Adelaide won...Jay?

Wouldn't you like to know

I never win anything

Danoff · Jul 1, 2009

Justin
Not all of them, they only tax the amounts where you have to go to the lottery office.

You're taxed on all net gambling winnings (it's on your tax form).

Casio · Jul 1, 2009

Vasc0
No, I did tax law recently. It's specifically listed in the legislation that any winnings from gambling are not taxable, unless that is your job (e.g. professional poker player).

Maybe I'm thinking Gameshows then, which I'm 99% sure any winnings are taxable.

I don't know why gambling income shouldn't be taxed anyway.

mafia_boy · Jul 1, 2009

Because it's just that....gambling, not a source of work. Look at the people who work 9-5 just to spend $10 per week on their lotto, you can't tax them because their 9-5 is their occupation. Yes you can make it your line of work but then you have to declare it if you put, "Professional Casino Player" as your occupation and then probably have to get an ABN and fill out ABS's every 3mths.

Wenders · Jul 1, 2009

Your winnings aren't taxable but any income earned from the winnings you invest is.

The half won by a South Australian was male so that counts me out, I haven't even checked my ticket. But I can still dream.

OzLotto's $106 million, what would you do??

&#8195;&#8194;

Taking it to the world!

iMum 2.0

VF Ute Driver

VF Ute Driver

iMum 2.0

Born From Jets

The Original Party Worm

Salting the snail

The Original Party Worm

&#8195;&#8194;

Born From Jets

iMum 2.0

Similar threads