Winning the lottery

[bibek678]

Hey Leo/Forum,

Suppose you won the lottery for 100 million dollars. Would you take the lump sum or annuity amount? And why would you you do it(supporting reasons). 

Cheers

[Hojo]

Probably the lump sum.

[enchanted]

Depends on how many more years you have left. 

[Joshe]

If the lump sum is around 50%, that's 500 million. Keep 10 million for spending money and put the remaining 490 million in treasury bonds, which would earn around $65k per day in interest, which is about 23.5 million a year in interest alone. 

I'd probably be a philanthropist and donate the majority of interest earnings, or use it to fund my own non-profits. I'd probably also set up a shadow operation that didn't play by the rules and would be a force against other powerful orgs that are detrimental to humanity. Working quietly in the shadows to sabotage them, lol. That seems fun.