Sept. 6, 2025
Powerball Fever, We’re Just Hours Away From Making History!
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RSS Feed The entire country is buying lottery tickets today, in anticipation of tonight’s 2nd largest jackpot drawing in Powerball history. In fact, the jackpot has grown even bigger in just a matter of hours! Depending on which state you live in, your lump sum payment can vary greatly, but isn’t it fun to think about what the first thing is you would purchase?!
See omnystudio.com/listener for privacy information.
00:00:01
Speaker 1: Hey, folks, it is Saturday, September sixth, the day that could change your life forever, but only if you got a Powerball ticket. Because tonight we are right now as we're recording this, just hours away from the second largest jackpot in US history. And with that, welcome to this possibly final ever edition of Amy and DJ. Because robes of our tickets hit, I will not be in front of a microphone again the rest of my life.
00:00:34
Speaker 2: Agreed completely. I think everyone's hoping that they don't have to go to work on Monday. One hundred percent. Yes, that is the dream, right, That's why people, well, they cash in and.
00:00:44
Speaker 3: Get excited about it. And it's sad that most of us, well a lot of us, wait until it gets to this level before we join. But yeah, the idea that it's forever money is a big difference.
00:00:57
Speaker 1: Forever money, forever for the next next generation, in the next generation of your family, possibly if you think about it in that terms. This is obviously life changing money. But this is there's a frenzy. Now, there's fund surrounding this one, and folks, will be full disclosure, we are we are re recording this episode because we tried to get ahead of it a little bit, and we thought we could record early enough when it was still one point seven billion. It changed on us and we're having to re record because, yes, folks, the jackpot tonight, as we're recording this, we are hours away from a one point eight billion dollar powerball jackpot, the second largest robes in US history. This is, I mean, this has gotten to a level of almost incomprehensible because we haven't seen this that often. We've only seen this one other time, a number larger than this than jackpot's right before.
00:01:52
Speaker 3: It was one point seven billion on Friday, and that was the third largest at that point.
00:01:57
Speaker 2: So it's already gone up, yeah, a significant amount, just because everyone was jumping in on the frenzy. So it was estimated to be one point seven but because so many people like us who just bought lottery tickets pushed it up to now one point eight billion. Who knows what it actually may end up being, because there were plenty of hours in between when they announced it. Now a lot of folks like you and me went out and just bought more lottery tickets, the.
00:02:23
Speaker 1: Final number could go higher. And again the reason that does at this point is because so many of us are talking about it, and people are rushing out and buying lottery tickets, and the more you buy it goes into the pot. And so the number has gone up from one point seven to one point eight billion dollars. The cash option, if you take it, folks, is eight hundred and twenty six point four million dollars.
00:02:50
Speaker 2: For some reason, that seems like so much more than what it was just a day ago, which was seven hundred and seventy million.
00:02:56
Speaker 3: So just because everybody jumped out and bought tickets.
00:02:58
Speaker 2: Now, if you cash out, you don't want to wait, which most people don't understandably. So for the yearly or annualized payout, if you want the lumpsum, the cash option eight hundred and twenty six point four million dollars. Now that of course is before taxes.
00:03:16
Speaker 1: Oh yeah, the tax man cometh. You're still going to be doing okay for the most part, but yeah, the tax man is going to come get you. We do need to note everybody's getting excited except for in Alabama, Alaska, Hawaiian, Nevada, and Utah. I didn't realize powerball is not played in those states.
00:03:33
Speaker 3: In Nevada, like the gambling state, of the country.
00:03:37
Speaker 2: There is no I didn't know that there's no power ball in Nevada, Utah.
00:03:41
Speaker 3: I kind of understand Nevada, I kind of understand.
00:03:44
Speaker 1: Really, we got our own thing.
00:03:45
Speaker 3: They don't want to compete, yeah ball, all right?
00:03:48
Speaker 2: What Alaska and Hawaii just because they aren't connected to us physically logistically.
00:03:52
Speaker 3: They don't really want to be a part of the gambling. I'm confused.
00:03:55
Speaker 2: Okay, and then where is the outlier Alabama? How look, don't get me started. The Georgia girl than I am? But wait, why is Alec mammon.
00:04:02
Speaker 3: Not a party?
00:04:03
Speaker 1: You wait? Okay, this win a direction. I was only giving I was only giving information.
00:04:08
Speaker 3: I was just asking questions with no judgment.
00:04:10
Speaker 1: But this is a record. Now they haven't had a jackpie since May thirty. First, look, it's possible we won't have a winter tonight. And this thing rolls over into what of the day? Is it Monday, Wednesday and Saturday?
00:04:19
Speaker 3: I think it's Monday, Wednesday and Saturday.
00:04:21
Speaker 1: So this thing rolls over. Then we are talking about the largest jackpie possibly in history. But right now we will settle for one point eight. This moves the list down. As you said, Robes because this was just yesterday the third largest. Now it's the second largest we've had in history, the two point zero four billion that was power Ball back in twenty twenty two, and that was in La You hear about that much money, And well where was the ticket sold? Just at a gas station, just at a gas station. And most of these in the top ten were sold at convenience stores, gas stations.
00:04:55
Speaker 3: There's a liquor store in there too.
00:04:57
Speaker 1: There's an I thought it might even be a couple.
00:05:00
Speaker 3: No, just one that I can see.
00:05:01
Speaker 2: The second one actually, which we've already what we've just surpassed, actually in the past twenty four hours, But that was at one point seven to six y five billion. That was October eleven, twenty twenty three. And yeah, that was sold at a liquor store. But I love where it was sold. A liquor store in a tiny California mountain town. Oh that's just sweet, not like in some big metro area. No, just a cute little place picking up maybe a little I don't know, what do you pick up in a little tiny mountain town liquor store?
00:05:31
Speaker 1: Fine whiskey?
00:05:32
Speaker 3: Oh, I was gonna go with, like, I don't know cinnamon whiskey or something.
00:05:37
Speaker 1: I just said, fine whiskey.
00:05:39
Speaker 3: That is, you said fine whiskey.
00:05:40
Speaker 1: Fry whiskey. Everybody's always curious. Do you know what the first thing you would do? Robes? I don't think in the previous episode that we recorded that nobody's ever going to hear, because it was one point seven at that time. But I didn't ask you that first. I mean, after the money gets to your account, all the BS is over, and the lawyers pay, the taxes are pay, the media goes away, your first purchase, the first thing you would actually go buy. I'm not just talking about getting groceries up.
00:06:10
Speaker 2: Like a purchase, like a fun purchase, a specific purchase. I think I would buy a Porsche. Well, yeah, how about you a vehicle?
00:06:19
Speaker 1: Wow?
00:06:19
Speaker 2: We went with the vehicle because it's just a silly thing that I would never overpay for. But now that I have unending amounts of money and you're asking me for a fun purchase, it would be on something silly that I would never normally buy, even if I could afford.
00:06:33
Speaker 3: It, because it makes no sense.
00:06:35
Speaker 2: But if I had funny money, I would buy a Porsche, and it would be I don't know, I haven't even thought that far. But it would be fun getting into the details of it. But no, that just that would be a fun thing. But I think I would want, honestly a home in montok That'd be my second purchase.
00:06:56
Speaker 3: How about you?
00:06:57
Speaker 1: I don't. I am almost embarrassed that I don't have really anything. I know what it would be, the Bronco.
00:07:03
Speaker 3: Yes, it would be a Bronco, the.
00:07:04
Speaker 1: Fun Bronco, which also would be kept in Montalk. Like even I'm a motorcycle guy and I don't have like some exotic motorcycle. I don't have some exotic car. Like the first thing I come up with is an American made classic.
00:07:19
Speaker 3: You've been obsessed with Broncos lately.
00:07:21
Speaker 1: I don't. I don't know. What does I say about me? I don't I should have a fun thing. I don't want to go by a boat. No, it's too much upkeeper.
00:07:27
Speaker 3: I don't want to boat either.
00:07:28
Speaker 1: Right, we're too practical. Now, A house is not a fun purchase. That's a practical thing. But that's fun And.
00:07:33
Speaker 2: Then you know, and then i'd hire somebody to manage the house. Why I didn't we need to deal with the problems.
00:07:38
Speaker 1: Fun thing most embarrassed. I don't have a fun thing.
00:07:42
Speaker 2: But what about a private plane and a crew to take you anywhere you wanted around the world at a moment's notice.
00:07:49
Speaker 3: You pay them.
00:07:50
Speaker 2: They're just on staff. They have the best jobs in the world. They're ready to go anywhere.
00:07:54
Speaker 1: You've got to expensive.
00:07:56
Speaker 2: You've got more money than you'll ever be able to spend for the rest of your life to.
00:08:00
Speaker 1: Keep a crew on standby.
00:08:01
Speaker 3: Because they're getting like an awesome job too.
00:08:03
Speaker 2: So everybody wins and you can jump on and say, let's go to Paris tonight for dinner. I'm talking crazy talk, like, Okay, you've just won the largest or on the second largest powerball jackpot in history. This is just fun. This isn't like you actually have to be practical, but you have some.
00:08:20
Speaker 1: You had a one off toy like a Porsche. I don't have a toy. I don't have a thing like not even a souped.
00:08:28
Speaker 3: Up you know, corvettes like corvettes, but I.
00:08:31
Speaker 1: Can don't get a corvette. It doesn't seem so far fetched, you know what.
00:08:34
Speaker 2: I mean, buy a hangar to keep your corvette in like you know, but there you go, like that's what we could be talking about like but like, that's why I was thinking private plane, That's why I was thinking.
00:08:44
Speaker 3: Okay, how about this a villa on Lake Como.
00:08:47
Speaker 1: Oh here you go.
00:08:48
Speaker 3: Okay, like think that bit not me. That's not me, but this is you aren't.
00:08:55
Speaker 1: A toy like a fun like a Rolex. I don't have that. I want to go buy this particular hat. I've had my eyes all Oh you know those shoes I never sprung for. You know that video game system, those speakers?
00:09:08
Speaker 2: You know.
00:09:09
Speaker 1: I want the one hundred and twenty inch TV. I don't have anything that I would want to buy. I'll give you some thought.
00:09:16
Speaker 2: Well, then you shouldn't win the lottery, because I could. I could make a list right now.
00:09:20
Speaker 1: You know what that would be. I would everyone around me should absolutely stay close because they know I'm a guy who would then flood as friends with gifts and make sure everybody else was taken care of. Okay, maybe that would be me.
00:09:35
Speaker 2: So you'd just be like philanthropic possibly, I think though, I mean obviously I think that would be a part of it.
00:09:40
Speaker 3: But we weren't even like, yes, I would love to be philanthropic too, But we're talking what's the fun thing you'd buy yourself.
00:09:46
Speaker 1: Yeah, I don't.
00:09:48
Speaker 2: I don't have that, Okay, all right, well okay, so we talked about this because we said, you're thinking, man, eight hundred plus million dollars, eight hundred twenty six point four million dollars.
00:10:00
Speaker 3: Well, that's great, but then you have to pay the gov.
00:10:02
Speaker 2: So the Feds immediately take twenty four twenty five percent right off the bat, so that comes out immediately. However, then you will owe them because you will officially be in the highest tax bracket come April. The following year, you're gonna owe what another probably fifteen percent give or take a few like yes, So you got to put that in a rainy day fund to pay the government. And then, depending on what state you live in, you'll owe even more money. Oh however, these are really easy problems to have because you have more than enough money to pay for it.
00:10:37
Speaker 1: It's still annoying, man, when you see some of these numbers and how far those numbers go down after you actually pay the government. It's it still stings, no matter if you did just win all that money. But if you live are good folks out there in Los Angeles, Let's say you live in Los Angeles or San Luis Obispo. Let's say San Francisco. What about you folks, and I don't know, Presento. If you're out there in California, you happen to win the two points zero four billion dollars, then after you pay your taxes to the government, you're going to take home five hundred and twenty million, six hundred and seventy four thousand, nine hundred and eighty dollars. Because folks in California, this is one of the good things they do. They do not require you to pay taxes state taxes on your lottery winnings. That's amazing, good job, California.
00:11:28
Speaker 2: I did not know that, because obviously California is one of those dates very much like New York that has some of the highest tax brackets or taxed income areas in the entire country. So I think that's really cool, and I didn't know that, And it's almost worth moving to California for if you like to play the lottery.
00:11:48
Speaker 1: Almost Florida, same situation, you're payout five hundred and twenty million, six hundred and seventy four thousand, nine hundred and eighty dollars, same as California's because Florida just doesn't have state tax Another reason you might want to check that place out. Another good reason. A lot of retireees go down there and whatnot. But the good folks in Chicago, you're not gonna come out as good as the folks in California. In Florida, they got to contend robes with some taxes.
00:12:14
Speaker 2: They certainly do. That is a tough spot to be in in Illinois.
00:12:18
Speaker 1: Yes, your tax rate there is about five percent. So after you get done your payout your tax to your state and the federal government, you're gonna end up with four hundred and seventy nine million, seven hundred and sixty eight one hundred and eighty dollars. Literally, you are going to end what is that twenty forty forty million dollars less by living and winning the lottery in Illinois than in California and Florida. But it doesn't end there. We'll tell you what you folks up in Detroit, maybe you're in Columbus, maybe you're in Austin, maybe you're in Philly, maybe you're in North Carolina. We'll tell you what you can expect to take home there as well. All right, folks, we are, as we were recording this, just hours away from the second largest jackpot in US history, one point eight billion dollars powerball jackpot going to be drawn eleven o'clock tonight. This is now the forty second drawing. That is a record. This has been going on since May thirty first with no winner, and that's why we were gotten up to the number we've gotten to now. I know a lot of folks robes are looking and going, wow, it seems like we haven't a lot of these lately. There's a reason jackpots have been getting bigger and bigger and bigger over the past two, three, five and even ten years.
00:13:39
Speaker 2: That's right, because the odds of winning have decreased since twenty fifteen. You used to have a one and one hundred and seventy five million chance of winning. Well, now it has grown to one in two hundred and ninety two million in terms of your chances of winning. And that's because the lot of folks, the powerball folks, designed.
00:14:02
Speaker 3: It to be that way.
00:14:03
Speaker 2: They actually increase the number of white ball choices. So used to have one through fifty nine, now it's one through sixty nine, and they decrease the powerball numbers from thirty five to twenty six balls, so you choose five numbers and a powerball number. You can do the math if you're better at it than I am. But at the end of the day, they actually made sure that there is a larger chance of winning a bigger jackpot because it's harder to get a jackpot.
00:14:29
Speaker 1: Yes, this is all a matter of money, folks. Ticket sales were down, they realized over the years because a lot of folks, the majority of us, do not play at the lottery until it gets to these astronomical numbers. Until we hear about it, we get interested in it. So they change the game on purpose to make it harder, and sure enough we get these one point eight billion dollar things. Now all of the top ten jackpots robes we've seen in the history of the US Lottery have come after they made these changes.
00:15:02
Speaker 2: Yes, so it worked, so they wanted to get to the big jackpots, and yes, every single one billion dollar jackpot has happened. So here we are again, and we well, if we get an actual winner tonight, then we will be at the second largest jackpot in history. But if we don't get a winner, tonight we might make powerball history in the two billion plus range, which is kind of hard to get my head around.
00:15:26
Speaker 1: And again, that was only three years ago that that one did happen out in California as well. Now we talked about California and why you would do pretty well if you win the lottery and will live in California because they don't charge any state tax on lottery winnings. But you folks in let's say Detroit, we told you about what would happen in Florida and Illinois. But if you live up in Detroit and you win this lottery, your state tax there is four point twenty five percent. Your take home would then be four hundred and eighty five million, five hundred and fifty two, nine hundred and eighty dollars. That ain't bad. It still seems weird. Rose to go from I just won one point eight billion dollars. Here is four hundred and eighty five million, literally a billion less than the jackpot.
00:16:14
Speaker 3: No more than a billion less. Right, that's great?
00:16:16
Speaker 1: That's that actually almost.
00:16:18
Speaker 2: To have you know what it's it's this moment when when my daughter started actually getting jobs and having to pay taxes and they're like, wait, how much did the government just take from my check? Yes, exactly. So when you get to these numbers that are crazy numbers. You see just the tax rate that you're at, and depending on the state you live in, it's absurd, it really is.
00:16:40
Speaker 3: Ohio, Yeah, y'all.
00:16:42
Speaker 2: If you end up winning the jackpot, your cash payout is a little bit better than the folks in Michigan, but you're still in the forest.
00:16:50
Speaker 3: I feel like when you hear a four when you're at.
00:16:53
Speaker 2: One point eight billion and you're only taking home And I laugh when I say this, but if your first number is a four, that that's disheartening in some way. Four hundred ninety six million, seven hundred nine thousand, three hundred eighty bucks.
00:17:07
Speaker 1: And you lucky folks in Texas, you know those state tax down there, so your amount would be the exact same as California and Florida. That five hundred and twenty million, six hundred seventy four thousand, nine hundred and eighty dollars.
00:17:20
Speaker 2: And yes, Texas and Pennsylvania, you're in the same boat as a lot of those books with the forest in front of it. You're at four ninety five three of four or five hundred. That's tough for you in North Carolina. Uh yeah, you're also in the forest unfortunately. Uh yeah, four eighty five, five point fifty two, nine eighty that you know?
00:17:40
Speaker 3: We laugh?
00:17:41
Speaker 2: Can you even spend I'm just asking and I don't know the answer. Can you in a lifetime spend four hundred and eighty five million dollars five hundred and fifty two thousand, nine hundred and eighty Like, can you spend that much?
00:17:53
Speaker 1: Have you ever seen a movie called Brewsters Millions? No, Richard Pryor, If I find it, I'm going to look it up and let's watch this movie together. I am not kidding. But he had to. He inherited some money and Richard Pryor had to run around and spend I think it was thirty million dollars in thirty days. And if he did that then he would win three hundred million dollars. But he found you couldn't have any assets. You had to spend it. So you couldn't buy a car because then you have an asset. So you had to get rid of thirty million dollars by buying hotel, room, nights, meals and all this. And it was fun. You said, can you do it? You can do it in a whole variety of ways. But it takes a lot of work to spend that much money.
00:18:41
Speaker 3: Thirty million dollars in thirty days.
00:18:44
Speaker 1: If you needed to go spend a million dollars today in one day and think of how to.
00:18:48
Speaker 2: Do it, go but without assets, no assets at the end, I would just go to the most expensive restaurant like per Se or whatever and just buy the most expensive bottles of wine that I could think of.
00:19:00
Speaker 1: Okay, about fifteen thousand yees.
00:19:03
Speaker 3: I don't even know how to do that.
00:19:05
Speaker 1: So yeah, don't want I encourage everybody. I think John Candy is in it, but he's a baseball player. Richard Pryor Brewster's millions.
00:19:13
Speaker 3: Why did he have to do that? What was the reason why he.
00:19:16
Speaker 1: Inherited some money in some kind of way? But it was a challenge that he had. They said, you can only have the big pot if you show to us that you can do this thing.
00:19:24
Speaker 3: So you can waste money if you have.
00:19:26
Speaker 1: To go been thirty million dollars, so think what would you do well?
00:19:31
Speaker 2: I would buy assets, obviously, tell me no assets. Then now that's a whole other challenge that I can't even get my head around.
00:19:38
Speaker 1: I would just go rent out the Plaza Hotel for the month. Would that be a million dollars? I don't know.
00:19:43
Speaker 3: Maybe buy out a full Broadway theater. I don't know.
00:19:48
Speaker 1: You think now, you think it. Now, you're thinking, you're gonna love this movie when you see it. But to your point, can you get rid of that money in a lifetime? No, If you invest the right wave, you can set up everybody for the rest of your bloodline.
00:20:01
Speaker 2: With his money, you might mess everybody up, though. I think there's a lot of really good causes you could give to too. That would be very exciting to be able to help out people who need it the most. Like that would be the fun part of having that kind of money, Yes, enjoying it, having fun with it, but also knowing you could help so many people with that.
00:20:18
Speaker 1: Becomes a job for a lot of people. I think about that.
00:20:20
Speaker 3: That's a full time job for sure.
00:20:22
Speaker 1: Mackenzie bezos ex wifey Mackenzie right, didn't she became She is so philanthropic and how she has you doubt. It's almost like that is your calling. Your cause is actually to give away your blessings it. I love what she's been doing. So yeah, I mean we fantasize and this stuff is fun. You want the Porst, you want.
00:20:43
Speaker 2: The Bronco, but it I don't need much, honestly, like I think it would it would look there's a reason why people talk about those who win the lottery having difficult times afterwards, because it is it is a responsibility.
00:20:57
Speaker 1: And everybody's coming after you.
00:21:00
Speaker 2: That's why having the state we should do another like depending on who wins, it's really interesting which states force you to actually come forward because they want the transparency to prove that this is actually legit and someone does actually win, versus the states that let you remain anonymous for obvious reasons.
00:21:18
Speaker 3: When you start thinking about.
00:21:19
Speaker 2: The people coming after you and what that would do to you if people knew you suddenly became absurdly.
00:21:25
Speaker 1: Rich, what would you tell first?
00:21:27
Speaker 3: I'd tell my mom and dad for sure.
00:21:30
Speaker 1: First phone calls.
00:21:31
Speaker 3: Then I think, so, yeah, who's your first phone call?
00:21:34
Speaker 2: Your first philanthropic call will be, oh, BCRF, without a doubt, Breast Cancer Research Foundation.
00:21:39
Speaker 3: How about you?
00:21:40
Speaker 1: I don't know who i'd call first. I don't know my parent, I don't know if I call.
00:21:44
Speaker 2: My parents, you call Tish, you call your sister, and then I think you'd give to the University of Arkansas.
00:21:50
Speaker 1: I was gonna say, that's funny you say that I could because my first call I was going to say, Charles Robinson, the chancellor the unrest of Arkansas.
00:21:58
Speaker 3: Yes, that's not surprise.
00:22:00
Speaker 1: I thought about him before I thought about myself.
00:22:01
Speaker 3: You have the stadium named after you. Let's be honest, that would be like your legacy.
00:22:08
Speaker 2: Maybe maybe it would be the basketball stadium even more than the football one.
00:22:12
Speaker 1: It's gonna be Bud. It's named after the Walmart not changing that one.
00:22:15
Speaker 3: But wait, you could match him. Probably.
00:22:18
Speaker 1: No, Still, this is not Walmart money. Okay, everybody, funny, good luck to you tonight. We're into it. It's fun and yes, why not have a little fun, a little fantasy. And like I said to you before, this is one of the few things it feels like that brings everybody together, Like everybody's excited about something, buzzing about something, and it's not necessarily fighting about it.
00:22:42
Speaker 3: Right.
00:22:42
Speaker 2: Yeah, there's so much tough news out there. This is one of those fun stories that actually unites all of us because collectively we can all be excited about what if, what would we do? And maybe this will be my lucky night.
00:22:55
Speaker 3: We hope it is for you, but we really hope it is for us more than you. Uh and with I may be Robot alongside t. J. Holmes. Have a great night, everybody.
00:23:05
Speaker 2: M
Speaker 1: Hey, folks, it is Saturday, September sixth, the day that could change your life forever, but only if you got a Powerball ticket. Because tonight we are right now as we're recording this, just hours away from the second largest jackpot in US history. And with that, welcome to this possibly final ever edition of Amy and DJ. Because robes of our tickets hit, I will not be in front of a microphone again the rest of my life.
00:00:34
Speaker 2: Agreed completely. I think everyone's hoping that they don't have to go to work on Monday. One hundred percent. Yes, that is the dream, right, That's why people, well, they cash in and.
00:00:44
Speaker 3: Get excited about it. And it's sad that most of us, well a lot of us, wait until it gets to this level before we join. But yeah, the idea that it's forever money is a big difference.
00:00:57
Speaker 1: Forever money, forever for the next next generation, in the next generation of your family, possibly if you think about it in that terms. This is obviously life changing money. But this is there's a frenzy. Now, there's fund surrounding this one, and folks, will be full disclosure, we are we are re recording this episode because we tried to get ahead of it a little bit, and we thought we could record early enough when it was still one point seven billion. It changed on us and we're having to re record because, yes, folks, the jackpot tonight, as we're recording this, we are hours away from a one point eight billion dollar powerball jackpot, the second largest robes in US history. This is, I mean, this has gotten to a level of almost incomprehensible because we haven't seen this that often. We've only seen this one other time, a number larger than this than jackpot's right before.
00:01:52
Speaker 3: It was one point seven billion on Friday, and that was the third largest at that point.
00:01:57
Speaker 2: So it's already gone up, yeah, a significant amount, just because everyone was jumping in on the frenzy. So it was estimated to be one point seven but because so many people like us who just bought lottery tickets pushed it up to now one point eight billion. Who knows what it actually may end up being, because there were plenty of hours in between when they announced it. Now a lot of folks like you and me went out and just bought more lottery tickets, the.
00:02:23
Speaker 1: Final number could go higher. And again the reason that does at this point is because so many of us are talking about it, and people are rushing out and buying lottery tickets, and the more you buy it goes into the pot. And so the number has gone up from one point seven to one point eight billion dollars. The cash option, if you take it, folks, is eight hundred and twenty six point four million dollars.
00:02:50
Speaker 2: For some reason, that seems like so much more than what it was just a day ago, which was seven hundred and seventy million.
00:02:56
Speaker 3: So just because everybody jumped out and bought tickets.
00:02:58
Speaker 2: Now, if you cash out, you don't want to wait, which most people don't understandably. So for the yearly or annualized payout, if you want the lumpsum, the cash option eight hundred and twenty six point four million dollars. Now that of course is before taxes.
00:03:16
Speaker 1: Oh yeah, the tax man cometh. You're still going to be doing okay for the most part, but yeah, the tax man is going to come get you. We do need to note everybody's getting excited except for in Alabama, Alaska, Hawaiian, Nevada, and Utah. I didn't realize powerball is not played in those states.
00:03:33
Speaker 3: In Nevada, like the gambling state, of the country.
00:03:37
Speaker 2: There is no I didn't know that there's no power ball in Nevada, Utah.
00:03:41
Speaker 3: I kind of understand Nevada, I kind of understand.
00:03:44
Speaker 1: Really, we got our own thing.
00:03:45
Speaker 3: They don't want to compete, yeah ball, all right?
00:03:48
Speaker 2: What Alaska and Hawaii just because they aren't connected to us physically logistically.
00:03:52
Speaker 3: They don't really want to be a part of the gambling. I'm confused.
00:03:55
Speaker 2: Okay, and then where is the outlier Alabama? How look, don't get me started. The Georgia girl than I am? But wait, why is Alec mammon.
00:04:02
Speaker 3: Not a party?
00:04:03
Speaker 1: You wait? Okay, this win a direction. I was only giving I was only giving information.
00:04:08
Speaker 3: I was just asking questions with no judgment.
00:04:10
Speaker 1: But this is a record. Now they haven't had a jackpie since May thirty. First, look, it's possible we won't have a winter tonight. And this thing rolls over into what of the day? Is it Monday, Wednesday and Saturday?
00:04:19
Speaker 3: I think it's Monday, Wednesday and Saturday.
00:04:21
Speaker 1: So this thing rolls over. Then we are talking about the largest jackpie possibly in history. But right now we will settle for one point eight. This moves the list down. As you said, Robes because this was just yesterday the third largest. Now it's the second largest we've had in history, the two point zero four billion that was power Ball back in twenty twenty two, and that was in La You hear about that much money, And well where was the ticket sold? Just at a gas station, just at a gas station. And most of these in the top ten were sold at convenience stores, gas stations.
00:04:55
Speaker 3: There's a liquor store in there too.
00:04:57
Speaker 1: There's an I thought it might even be a couple.
00:05:00
Speaker 3: No, just one that I can see.
00:05:01
Speaker 2: The second one actually, which we've already what we've just surpassed, actually in the past twenty four hours, But that was at one point seven to six y five billion. That was October eleven, twenty twenty three. And yeah, that was sold at a liquor store. But I love where it was sold. A liquor store in a tiny California mountain town. Oh that's just sweet, not like in some big metro area. No, just a cute little place picking up maybe a little I don't know, what do you pick up in a little tiny mountain town liquor store?
00:05:31
Speaker 1: Fine whiskey?
00:05:32
Speaker 3: Oh, I was gonna go with, like, I don't know cinnamon whiskey or something.
00:05:37
Speaker 1: I just said, fine whiskey.
00:05:39
Speaker 3: That is, you said fine whiskey.
00:05:40
Speaker 1: Fry whiskey. Everybody's always curious. Do you know what the first thing you would do? Robes? I don't think in the previous episode that we recorded that nobody's ever going to hear, because it was one point seven at that time. But I didn't ask you that first. I mean, after the money gets to your account, all the BS is over, and the lawyers pay, the taxes are pay, the media goes away, your first purchase, the first thing you would actually go buy. I'm not just talking about getting groceries up.
00:06:10
Speaker 2: Like a purchase, like a fun purchase, a specific purchase. I think I would buy a Porsche. Well, yeah, how about you a vehicle?
00:06:19
Speaker 1: Wow?
00:06:19
Speaker 2: We went with the vehicle because it's just a silly thing that I would never overpay for. But now that I have unending amounts of money and you're asking me for a fun purchase, it would be on something silly that I would never normally buy, even if I could afford.
00:06:33
Speaker 3: It, because it makes no sense.
00:06:35
Speaker 2: But if I had funny money, I would buy a Porsche, and it would be I don't know, I haven't even thought that far. But it would be fun getting into the details of it. But no, that just that would be a fun thing. But I think I would want, honestly a home in montok That'd be my second purchase.
00:06:56
Speaker 3: How about you?
00:06:57
Speaker 1: I don't. I am almost embarrassed that I don't have really anything. I know what it would be, the Bronco.
00:07:03
Speaker 3: Yes, it would be a Bronco, the.
00:07:04
Speaker 1: Fun Bronco, which also would be kept in Montalk. Like even I'm a motorcycle guy and I don't have like some exotic motorcycle. I don't have some exotic car. Like the first thing I come up with is an American made classic.
00:07:19
Speaker 3: You've been obsessed with Broncos lately.
00:07:21
Speaker 1: I don't. I don't know. What does I say about me? I don't I should have a fun thing. I don't want to go by a boat. No, it's too much upkeeper.
00:07:27
Speaker 3: I don't want to boat either.
00:07:28
Speaker 1: Right, we're too practical. Now, A house is not a fun purchase. That's a practical thing. But that's fun And.
00:07:33
Speaker 2: Then you know, and then i'd hire somebody to manage the house. Why I didn't we need to deal with the problems.
00:07:38
Speaker 1: Fun thing most embarrassed. I don't have a fun thing.
00:07:42
Speaker 2: But what about a private plane and a crew to take you anywhere you wanted around the world at a moment's notice.
00:07:49
Speaker 3: You pay them.
00:07:50
Speaker 2: They're just on staff. They have the best jobs in the world. They're ready to go anywhere.
00:07:54
Speaker 1: You've got to expensive.
00:07:56
Speaker 2: You've got more money than you'll ever be able to spend for the rest of your life to.
00:08:00
Speaker 1: Keep a crew on standby.
00:08:01
Speaker 3: Because they're getting like an awesome job too.
00:08:03
Speaker 2: So everybody wins and you can jump on and say, let's go to Paris tonight for dinner. I'm talking crazy talk, like, Okay, you've just won the largest or on the second largest powerball jackpot in history. This is just fun. This isn't like you actually have to be practical, but you have some.
00:08:20
Speaker 1: You had a one off toy like a Porsche. I don't have a toy. I don't have a thing like not even a souped.
00:08:28
Speaker 3: Up you know, corvettes like corvettes, but I.
00:08:31
Speaker 1: Can don't get a corvette. It doesn't seem so far fetched, you know what.
00:08:34
Speaker 2: I mean, buy a hangar to keep your corvette in like you know, but there you go, like that's what we could be talking about like but like, that's why I was thinking private plane, That's why I was thinking.
00:08:44
Speaker 3: Okay, how about this a villa on Lake Como.
00:08:47
Speaker 1: Oh here you go.
00:08:48
Speaker 3: Okay, like think that bit not me. That's not me, but this is you aren't.
00:08:55
Speaker 1: A toy like a fun like a Rolex. I don't have that. I want to go buy this particular hat. I've had my eyes all Oh you know those shoes I never sprung for. You know that video game system, those speakers?
00:09:08
Speaker 2: You know.
00:09:09
Speaker 1: I want the one hundred and twenty inch TV. I don't have anything that I would want to buy. I'll give you some thought.
00:09:16
Speaker 2: Well, then you shouldn't win the lottery, because I could. I could make a list right now.
00:09:20
Speaker 1: You know what that would be. I would everyone around me should absolutely stay close because they know I'm a guy who would then flood as friends with gifts and make sure everybody else was taken care of. Okay, maybe that would be me.
00:09:35
Speaker 2: So you'd just be like philanthropic possibly, I think though, I mean obviously I think that would be a part of it.
00:09:40
Speaker 3: But we weren't even like, yes, I would love to be philanthropic too, But we're talking what's the fun thing you'd buy yourself.
00:09:46
Speaker 1: Yeah, I don't.
00:09:48
Speaker 2: I don't have that, Okay, all right, well okay, so we talked about this because we said, you're thinking, man, eight hundred plus million dollars, eight hundred twenty six point four million dollars.
00:10:00
Speaker 3: Well, that's great, but then you have to pay the gov.
00:10:02
Speaker 2: So the Feds immediately take twenty four twenty five percent right off the bat, so that comes out immediately. However, then you will owe them because you will officially be in the highest tax bracket come April. The following year, you're gonna owe what another probably fifteen percent give or take a few like yes, So you got to put that in a rainy day fund to pay the government. And then, depending on what state you live in, you'll owe even more money. Oh however, these are really easy problems to have because you have more than enough money to pay for it.
00:10:37
Speaker 1: It's still annoying, man, when you see some of these numbers and how far those numbers go down after you actually pay the government. It's it still stings, no matter if you did just win all that money. But if you live are good folks out there in Los Angeles, Let's say you live in Los Angeles or San Luis Obispo. Let's say San Francisco. What about you folks, and I don't know, Presento. If you're out there in California, you happen to win the two points zero four billion dollars, then after you pay your taxes to the government, you're going to take home five hundred and twenty million, six hundred and seventy four thousand, nine hundred and eighty dollars. Because folks in California, this is one of the good things they do. They do not require you to pay taxes state taxes on your lottery winnings. That's amazing, good job, California.
00:11:28
Speaker 2: I did not know that, because obviously California is one of those dates very much like New York that has some of the highest tax brackets or taxed income areas in the entire country. So I think that's really cool, and I didn't know that, And it's almost worth moving to California for if you like to play the lottery.
00:11:48
Speaker 1: Almost Florida, same situation, you're payout five hundred and twenty million, six hundred and seventy four thousand, nine hundred and eighty dollars, same as California's because Florida just doesn't have state tax Another reason you might want to check that place out. Another good reason. A lot of retireees go down there and whatnot. But the good folks in Chicago, you're not gonna come out as good as the folks in California. In Florida, they got to contend robes with some taxes.
00:12:14
Speaker 2: They certainly do. That is a tough spot to be in in Illinois.
00:12:18
Speaker 1: Yes, your tax rate there is about five percent. So after you get done your payout your tax to your state and the federal government, you're gonna end up with four hundred and seventy nine million, seven hundred and sixty eight one hundred and eighty dollars. Literally, you are going to end what is that twenty forty forty million dollars less by living and winning the lottery in Illinois than in California and Florida. But it doesn't end there. We'll tell you what you folks up in Detroit, maybe you're in Columbus, maybe you're in Austin, maybe you're in Philly, maybe you're in North Carolina. We'll tell you what you can expect to take home there as well. All right, folks, we are, as we were recording this, just hours away from the second largest jackpot in US history, one point eight billion dollars powerball jackpot going to be drawn eleven o'clock tonight. This is now the forty second drawing. That is a record. This has been going on since May thirty first with no winner, and that's why we were gotten up to the number we've gotten to now. I know a lot of folks robes are looking and going, wow, it seems like we haven't a lot of these lately. There's a reason jackpots have been getting bigger and bigger and bigger over the past two, three, five and even ten years.
00:13:39
Speaker 2: That's right, because the odds of winning have decreased since twenty fifteen. You used to have a one and one hundred and seventy five million chance of winning. Well, now it has grown to one in two hundred and ninety two million in terms of your chances of winning. And that's because the lot of folks, the powerball folks, designed.
00:14:02
Speaker 3: It to be that way.
00:14:03
Speaker 2: They actually increase the number of white ball choices. So used to have one through fifty nine, now it's one through sixty nine, and they decrease the powerball numbers from thirty five to twenty six balls, so you choose five numbers and a powerball number. You can do the math if you're better at it than I am. But at the end of the day, they actually made sure that there is a larger chance of winning a bigger jackpot because it's harder to get a jackpot.
00:14:29
Speaker 1: Yes, this is all a matter of money, folks. Ticket sales were down, they realized over the years because a lot of folks, the majority of us, do not play at the lottery until it gets to these astronomical numbers. Until we hear about it, we get interested in it. So they change the game on purpose to make it harder, and sure enough we get these one point eight billion dollar things. Now all of the top ten jackpots robes we've seen in the history of the US Lottery have come after they made these changes.
00:15:02
Speaker 2: Yes, so it worked, so they wanted to get to the big jackpots, and yes, every single one billion dollar jackpot has happened. So here we are again, and we well, if we get an actual winner tonight, then we will be at the second largest jackpot in history. But if we don't get a winner, tonight we might make powerball history in the two billion plus range, which is kind of hard to get my head around.
00:15:26
Speaker 1: And again, that was only three years ago that that one did happen out in California as well. Now we talked about California and why you would do pretty well if you win the lottery and will live in California because they don't charge any state tax on lottery winnings. But you folks in let's say Detroit, we told you about what would happen in Florida and Illinois. But if you live up in Detroit and you win this lottery, your state tax there is four point twenty five percent. Your take home would then be four hundred and eighty five million, five hundred and fifty two, nine hundred and eighty dollars. That ain't bad. It still seems weird. Rose to go from I just won one point eight billion dollars. Here is four hundred and eighty five million, literally a billion less than the jackpot.
00:16:14
Speaker 3: No more than a billion less. Right, that's great?
00:16:16
Speaker 1: That's that actually almost.
00:16:18
Speaker 2: To have you know what it's it's this moment when when my daughter started actually getting jobs and having to pay taxes and they're like, wait, how much did the government just take from my check? Yes, exactly. So when you get to these numbers that are crazy numbers. You see just the tax rate that you're at, and depending on the state you live in, it's absurd, it really is.
00:16:40
Speaker 3: Ohio, Yeah, y'all.
00:16:42
Speaker 2: If you end up winning the jackpot, your cash payout is a little bit better than the folks in Michigan, but you're still in the forest.
00:16:50
Speaker 3: I feel like when you hear a four when you're at.
00:16:53
Speaker 2: One point eight billion and you're only taking home And I laugh when I say this, but if your first number is a four, that that's disheartening in some way. Four hundred ninety six million, seven hundred nine thousand, three hundred eighty bucks.
00:17:07
Speaker 1: And you lucky folks in Texas, you know those state tax down there, so your amount would be the exact same as California and Florida. That five hundred and twenty million, six hundred seventy four thousand, nine hundred and eighty dollars.
00:17:20
Speaker 2: And yes, Texas and Pennsylvania, you're in the same boat as a lot of those books with the forest in front of it. You're at four ninety five three of four or five hundred. That's tough for you in North Carolina. Uh yeah, you're also in the forest unfortunately. Uh yeah, four eighty five, five point fifty two, nine eighty that you know?
00:17:40
Speaker 3: We laugh?
00:17:41
Speaker 2: Can you even spend I'm just asking and I don't know the answer. Can you in a lifetime spend four hundred and eighty five million dollars five hundred and fifty two thousand, nine hundred and eighty Like, can you spend that much?
00:17:53
Speaker 1: Have you ever seen a movie called Brewsters Millions? No, Richard Pryor, If I find it, I'm going to look it up and let's watch this movie together. I am not kidding. But he had to. He inherited some money and Richard Pryor had to run around and spend I think it was thirty million dollars in thirty days. And if he did that then he would win three hundred million dollars. But he found you couldn't have any assets. You had to spend it. So you couldn't buy a car because then you have an asset. So you had to get rid of thirty million dollars by buying hotel, room, nights, meals and all this. And it was fun. You said, can you do it? You can do it in a whole variety of ways. But it takes a lot of work to spend that much money.
00:18:41
Speaker 3: Thirty million dollars in thirty days.
00:18:44
Speaker 1: If you needed to go spend a million dollars today in one day and think of how to.
00:18:48
Speaker 2: Do it, go but without assets, no assets at the end, I would just go to the most expensive restaurant like per Se or whatever and just buy the most expensive bottles of wine that I could think of.
00:19:00
Speaker 1: Okay, about fifteen thousand yees.
00:19:03
Speaker 3: I don't even know how to do that.
00:19:05
Speaker 1: So yeah, don't want I encourage everybody. I think John Candy is in it, but he's a baseball player. Richard Pryor Brewster's millions.
00:19:13
Speaker 3: Why did he have to do that? What was the reason why he.
00:19:16
Speaker 1: Inherited some money in some kind of way? But it was a challenge that he had. They said, you can only have the big pot if you show to us that you can do this thing.
00:19:24
Speaker 3: So you can waste money if you have.
00:19:26
Speaker 1: To go been thirty million dollars, so think what would you do well?
00:19:31
Speaker 2: I would buy assets, obviously, tell me no assets. Then now that's a whole other challenge that I can't even get my head around.
00:19:38
Speaker 1: I would just go rent out the Plaza Hotel for the month. Would that be a million dollars? I don't know.
00:19:43
Speaker 3: Maybe buy out a full Broadway theater. I don't know.
00:19:48
Speaker 1: You think now, you think it. Now, you're thinking, you're gonna love this movie when you see it. But to your point, can you get rid of that money in a lifetime? No, If you invest the right wave, you can set up everybody for the rest of your bloodline.
00:20:01
Speaker 2: With his money, you might mess everybody up, though. I think there's a lot of really good causes you could give to too. That would be very exciting to be able to help out people who need it the most. Like that would be the fun part of having that kind of money, Yes, enjoying it, having fun with it, but also knowing you could help so many people with that.
00:20:18
Speaker 1: Becomes a job for a lot of people. I think about that.
00:20:20
Speaker 3: That's a full time job for sure.
00:20:22
Speaker 1: Mackenzie bezos ex wifey Mackenzie right, didn't she became She is so philanthropic and how she has you doubt. It's almost like that is your calling. Your cause is actually to give away your blessings it. I love what she's been doing. So yeah, I mean we fantasize and this stuff is fun. You want the Porst, you want.
00:20:43
Speaker 2: The Bronco, but it I don't need much, honestly, like I think it would it would look there's a reason why people talk about those who win the lottery having difficult times afterwards, because it is it is a responsibility.
00:20:57
Speaker 1: And everybody's coming after you.
00:21:00
Speaker 2: That's why having the state we should do another like depending on who wins, it's really interesting which states force you to actually come forward because they want the transparency to prove that this is actually legit and someone does actually win, versus the states that let you remain anonymous for obvious reasons.
00:21:18
Speaker 3: When you start thinking about.
00:21:19
Speaker 2: The people coming after you and what that would do to you if people knew you suddenly became absurdly.
00:21:25
Speaker 1: Rich, what would you tell first?
00:21:27
Speaker 3: I'd tell my mom and dad for sure.
00:21:30
Speaker 1: First phone calls.
00:21:31
Speaker 3: Then I think, so, yeah, who's your first phone call?
00:21:34
Speaker 2: Your first philanthropic call will be, oh, BCRF, without a doubt, Breast Cancer Research Foundation.
00:21:39
Speaker 3: How about you?
00:21:40
Speaker 1: I don't know who i'd call first. I don't know my parent, I don't know if I call.
00:21:44
Speaker 2: My parents, you call Tish, you call your sister, and then I think you'd give to the University of Arkansas.
00:21:50
Speaker 1: I was gonna say, that's funny you say that I could because my first call I was going to say, Charles Robinson, the chancellor the unrest of Arkansas.
00:21:58
Speaker 3: Yes, that's not surprise.
00:22:00
Speaker 1: I thought about him before I thought about myself.
00:22:01
Speaker 3: You have the stadium named after you. Let's be honest, that would be like your legacy.
00:22:08
Speaker 2: Maybe maybe it would be the basketball stadium even more than the football one.
00:22:12
Speaker 1: It's gonna be Bud. It's named after the Walmart not changing that one.
00:22:15
Speaker 3: But wait, you could match him. Probably.
00:22:18
Speaker 1: No, Still, this is not Walmart money. Okay, everybody, funny, good luck to you tonight. We're into it. It's fun and yes, why not have a little fun, a little fantasy. And like I said to you before, this is one of the few things it feels like that brings everybody together, Like everybody's excited about something, buzzing about something, and it's not necessarily fighting about it.
00:22:42
Speaker 3: Right.
00:22:42
Speaker 2: Yeah, there's so much tough news out there. This is one of those fun stories that actually unites all of us because collectively we can all be excited about what if, what would we do? And maybe this will be my lucky night.
00:22:55
Speaker 3: We hope it is for you, but we really hope it is for us more than you. Uh and with I may be Robot alongside t. J. Holmes. Have a great night, everybody.
00:23:05
Speaker 2: M