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To: Don01022 who wrote (86077)9/4/2025 6:34:34 AM
From: nicewatch  Read Replies (1) | Respond to of 88005
 
Yes but even if you won the biggest Powerball to date, not even this one, after taxes you couldn't afford either. So that still leaves you as a schmuck in my book (although perhaps Gloop will rent himself out?) Congratulations again on your imaginary win! :-)



To: Don01022 who wrote (86077)9/4/2025 11:45:46 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 88005
 
To elaborate on what Nicewatch wrote, using the Celtics as an example (per ChatGPT):

Short answer: you’d need a ~$22–23B advertised Powerball jackpot to buy the Celtics outright by yourself with a cash option—far bigger than any jackpot in history.

Why that big?
  • The Boston Celtics just sold for about $6.1 billion (deal approved Aug. 2025). ESPN.com NBA CBSSports.com

  • A winner who takes the cash (lump-sum) option typically gets ~45% of the advertised jackpot, and after top federal tax (37%) ends up with about 28–29% of the headline number (even more tax if your state taxes lottery winnings). Recent jackpot examples show this ballpark. People.com CBS News

Back-of-the-envelope:

  • Needed cash to buy team solo: $6.1B

  • Net from jackpot ˜0.45×(1-0.37)˜0.283\approx 0.45 \times (1-0.37) \approx 0.283˜0.45×(1-0.37)˜0.283 of headline

  • Required headline jackpot ˜$6.1B/0.283˜$21.5B\approx \$6.1B / 0.283 \approx \$21.5B˜$6.1B/0.283˜$21.5B (no state tax).

  • In a state with ~5% income tax, net fraction ˜0.45×0.58=0.261\approx 0.45 \times 0.58 = 0.261˜0.45×0.58=0.261 ? $6.1B / 0.261 \approx $23.4B.

More realistic paths
  • Buy a controlling 51% stake at a $6.1B valuation: needs ~$3.1B cash ? headline jackpot ~$11–12B (depending on state taxes).

  • Join a group / use financing: If you only put up, say, 30% equity (~$1.8B), you’d still need a headline jackpot of $6.5–7.0B.

Bottom line: even the biggest real-world Powerball jackpots (˜$1–2B) fall far short of what you’d need to solo-buy the Celtics; you’d need partners and/or financing. People.com

- Jeff