September 6, 2025 • 23 mins
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?!
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Episode Transcript
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Speaker 1 (00:01):
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
(00:23):
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.
Speaker 2 (00:34):
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.
Speaker 3 (00:44):
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.
Speaker 1 (00:57):
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
(01:18):
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
(01:38):
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.
Speaker 3 (01:52):
It was one point seven billion on Friday, and that
was the third largest at that point.
Speaker 2 (01:57):
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
(02:20):
a lot of folks like you and me went out
and just bought more lottery tickets, the.
Speaker 1 (02:23):
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
(02:44):
hundred and twenty six point four million dollars.
Speaker 2 (02:50):
For some reason, that seems like so much more than
what it was just a day ago, which was seven
hundred and seventy million.
Speaker 3 (02:56):
So just because everybody jumped out and bought tickets.
Speaker 2 (02:58):
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.
Speaker 1 (03:16):
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.
Speaker 3 (03:33):
In Nevada, like the gambling state, of the country.
Speaker 2 (03:37):
There is no I didn't know that there's no power
ball in Nevada, Utah.
Speaker 3 (03:41):
I kind of understand Nevada, I kind of understand.
Speaker 1 (03:44):
Really, we got our own thing.
Speaker 3 (03:45):
They don't want to compete, yeah ball, all right?
Speaker 2 (03:48):
What Alaska and Hawaii just because they aren't connected to
us physically logistically.
Speaker 3 (03:52):
They don't really want to be a part of the gambling.
I'm confused.
Speaker 2 (03:55):
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.
Speaker 3 (04:02):
Not a party?
Speaker 1 (04:03):
You wait? Okay, this win a direction. I was only
giving I was only giving information.
Speaker 3 (04:08):
I was just asking questions with no judgment.
Speaker 1 (04:10):
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?
Speaker 3 (04:19):
I think it's Monday, Wednesday and Saturday.
Speaker 1 (04:21):
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
(04:42):
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.
Speaker 3 (04:55):
There's a liquor store in there too.
Speaker 1 (04:57):
There's an I thought it might even be a couple.
Speaker 3 (05:00):
No, just one that I can see.
Speaker 2 (05:01):
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,
(05:22):
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?
Speaker 1 (05:31):
Fine whiskey?
Speaker 3 (05:32):
Oh, I was gonna go with, like, I don't know
cinnamon whiskey or something.
Speaker 1 (05:37):
I just said, fine whiskey.
Speaker 3 (05:39):
That is, you said fine whiskey.
Speaker 1 (05:40):
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
(06:02):
goes away, your first purchase, the first thing you would
actually go buy. I'm not just talking about getting groceries up.
Speaker 2 (06:10):
Like a purchase, like a fun purchase, a specific purchase.
I think I would buy a Porsche. Well, yeah, how
about you a vehicle?
Speaker 1 (06:19):
Wow?
Speaker 2 (06:19):
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.
Speaker 3 (06:33):
It, because it makes no sense.
Speaker 2 (06:35):
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.
Speaker 3 (06:56):
How about you?
Speaker 1 (06:57):
I don't. I am almost embarrassed that I don't have
really anything. I know what it would be, the Bronco.
Speaker 3 (07:03):
Yes, it would be a Bronco, the.
Speaker 1 (07:04):
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.
Speaker 3 (07:19):
You've been obsessed with Broncos lately.
Speaker 1 (07:21):
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.
Speaker 3 (07:27):
I don't want to boat either.
Speaker 1 (07:28):
Right, we're too practical. Now, A house is not a
fun purchase. That's a practical thing. But that's fun And.
Speaker 2 (07:33):
Then you know, and then i'd hire somebody to manage
the house. Why I didn't we need to deal with
the problems.
Speaker 1 (07:38):
Fun thing most embarrassed. I don't have a fun thing.
Speaker 2 (07:42):
But what about a private plane and a crew to
take you anywhere you wanted around the world at a
moment's notice.
Speaker 3 (07:49):
You pay them.
Speaker 2 (07:50):
They're just on staff. They have the best jobs in
the world. They're ready to go anywhere.
Speaker 1 (07:54):
You've got to expensive.
Speaker 2 (07:56):
You've got more money than you'll ever be able to
spend for the rest of your life to.
Speaker 1 (08:00):
Keep a crew on standby.
Speaker 3 (08:01):
Because they're getting like an awesome job too.
Speaker 2 (08:03):
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.
Speaker 1 (08:20):
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.
Speaker 3 (08:28):
Up you know, corvettes like corvettes, but I.
Speaker 1 (08:31):
Can don't get a corvette. It doesn't seem so far fetched,
you know what.
Speaker 2 (08:34):
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.
Speaker 3 (08:44):
Okay, how about this a villa on Lake Como.
Speaker 1 (08:47):
Oh here you go.
Speaker 3 (08:48):
Okay, like think that bit not me. That's not me,
but this is you aren't.
Speaker 1 (08:55):
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?
Speaker 2 (09:08):
You know.
Speaker 1 (09:09):
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.
Speaker 2 (09:16):
Well, then you shouldn't win the lottery, because I could.
I could make a list right now.
Speaker 1 (09:20):
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.
Speaker 2 (09:35):
So you'd just be like philanthropic possibly, I think though,
I mean obviously I think that would be a part
of it.
Speaker 3 (09:40):
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.
Speaker 1 (09:46):
Yeah, I don't.
Speaker 2 (09:48):
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.
Speaker 3 (10:00):
Well, that's great, but then you have to pay the gov.
Speaker 2 (10:02):
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
(10:22):
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.
Speaker 1 (10:37):
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
(10:58):
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
(11:18):
things they do. They do not require you to pay
taxes state taxes on your lottery winnings. That's amazing, good job, California.
Speaker 2 (11:28):
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.
Speaker 1 (11:48):
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
(12:08):
gonna come out as good as the folks in California.
In Florida, they got to contend robes with some taxes.
Speaker 2 (12:14):
They certainly do. That is a tough spot to be
in in Illinois.
Speaker 1 (12:18):
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
(12:39):
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,
(13:09):
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.
(13:31):
There's a reason jackpots have been getting bigger and bigger
and bigger over the past two, three, five and even
ten years.
Speaker 2 (13:39):
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.
Speaker 3 (14:02):
It to be that way.
Speaker 2 (14:03):
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
(14:24):
there is a larger chance of winning a bigger jackpot
because it's harder to get a jackpot.
Speaker 1 (14:29):
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
(14:50):
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.
Speaker 2 (15:02):
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
(15:25):
of hard to get my head around.
Speaker 1 (15:26):
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,
(15:47):
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
(16:10):
billion less than the jackpot.
Speaker 3 (16:14):
No more than a billion less. Right, that's great?
Speaker 1 (16:16):
That's that actually almost.
Speaker 2 (16:18):
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.
Speaker 3 (16:40):
Ohio, Yeah, y'all.
Speaker 2 (16:42):
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.
Speaker 3 (16:50):
I feel like when you hear a four when you're at.
Speaker 2 (16:53):
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.
Speaker 1 (17:07):
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.
Speaker 2 (17:20):
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?
Speaker 3 (17:40):
We laugh?
Speaker 2 (17:41):
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?
Speaker 1 (17:53):
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
(18:15):
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
(18:38):
work to spend that much money.
Speaker 3 (18:41):
Thirty million dollars in thirty days.
Speaker 1 (18:44):
If you needed to go spend a million dollars today
in one day and think of how to.
Speaker 2 (18:48):
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.
Speaker 1 (19:00):
Okay, about fifteen thousand yees.
Speaker 3 (19:03):
I don't even know how to do that.
Speaker 1 (19:05):
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.
Speaker 3 (19:13):
Why did he have to do that? What was the
reason why he.
Speaker 1 (19:16):
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.
Speaker 3 (19:24):
So you can waste money if you have.
Speaker 1 (19:26):
To go been thirty million dollars, so think what would
you do well?
Speaker 2 (19:31):
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.
Speaker 1 (19:38):
I would just go rent out the Plaza Hotel for
the month. Would that be a million dollars? I don't know.
Speaker 3 (19:43):
Maybe buy out a full Broadway theater. I don't know.
Speaker 1 (19:48):
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.
Speaker 2 (20:01):
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.
Speaker 1 (20:18):
Becomes a job for a lot of people. I think
about that.
Speaker 3 (20:20):
That's a full time job for sure.
Speaker 1 (20:22):
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.
Speaker 2 (20:43):
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.
Speaker 1 (20:57):
And everybody's coming after you.
Speaker 2 (21:00):
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.
Speaker 3 (21:18):
When you start thinking about.
Speaker 2 (21:19):
The people coming after you and what that would do
to you if people knew you suddenly became absurdly.
Speaker 1 (21:25):
Rich, what would you tell first?
Speaker 3 (21:27):
I'd tell my mom and dad for sure.
Speaker 1 (21:30):
First phone calls.
Speaker 3 (21:31):
Then I think, so, yeah, who's your first phone call?
Speaker 2 (21:34):
Your first philanthropic call will be, oh, BCRF, without a doubt,
Breast Cancer Research Foundation.
Speaker 3 (21:39):
How about you?
Speaker 1 (21:40):
I don't know who i'd call first. I don't know
my parent, I don't know if I call.
Speaker 2 (21:44):
My parents, you call Tish, you call your sister, and
then I think you'd give to the University of Arkansas.
Speaker 1 (21:50):
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.
Speaker 3 (21:58):
Yes, that's not surprise.
Speaker 1 (22:00):
I thought about him before I thought about myself.
Speaker 3 (22:01):
You have the stadium named after you. Let's be honest,
that would be like your legacy.
Speaker 2 (22:08):
Maybe maybe it would be the basketball stadium even more
than the football one.
Speaker 1 (22:12):
It's gonna be Bud. It's named after the Walmart not
changing that one.
Speaker 3 (22:15):
But wait, you could match him. Probably.
Speaker 1 (22:18):
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
(22:40):
not necessarily fighting about it.
Speaker 3 (22:42):
Right.
Speaker 2 (22:42):
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.
Speaker 3 (22:55):
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.
Speaker 2 (23:05):
M
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
(00:23):
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.
Speaker 2 (00:34):
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.
Speaker 3 (00:44):
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.
Speaker 1 (00:57):
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
(01:18):
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
(01:38):
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.
Speaker 3 (01:52):
It was one point seven billion on Friday, and that
was the third largest at that point.
Speaker 2 (01:57):
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
(02:20):
a lot of folks like you and me went out
and just bought more lottery tickets, the.
Speaker 1 (02:23):
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
(02:44):
hundred and twenty six point four million dollars.
Speaker 2 (02:50):
For some reason, that seems like so much more than
what it was just a day ago, which was seven
hundred and seventy million.
Speaker 3 (02:56):
So just because everybody jumped out and bought tickets.
Speaker 2 (02:58):
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.
Speaker 1 (03:16):
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.
Speaker 3 (03:33):
In Nevada, like the gambling state, of the country.
Speaker 2 (03:37):
There is no I didn't know that there's no power
ball in Nevada, Utah.
Speaker 3 (03:41):
I kind of understand Nevada, I kind of understand.
Speaker 1 (03:44):
Really, we got our own thing.
Speaker 3 (03:45):
They don't want to compete, yeah ball, all right?
Speaker 2 (03:48):
What Alaska and Hawaii just because they aren't connected to
us physically logistically.
Speaker 3 (03:52):
They don't really want to be a part of the gambling.
I'm confused.
Speaker 2 (03:55):
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.
Speaker 3 (04:02):
Not a party?
Speaker 1 (04:03):
You wait? Okay, this win a direction. I was only
giving I was only giving information.
Speaker 3 (04:08):
I was just asking questions with no judgment.
Speaker 1 (04:10):
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?
Speaker 3 (04:19):
I think it's Monday, Wednesday and Saturday.
Speaker 1 (04:21):
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
(04:42):
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.
Speaker 3 (04:55):
There's a liquor store in there too.
Speaker 1 (04:57):
There's an I thought it might even be a couple.
Speaker 3 (05:00):
No, just one that I can see.
Speaker 2 (05:01):
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,
(05:22):
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?
Speaker 1 (05:31):
Fine whiskey?
Speaker 3 (05:32):
Oh, I was gonna go with, like, I don't know
cinnamon whiskey or something.
Speaker 1 (05:37):
I just said, fine whiskey.
Speaker 3 (05:39):
That is, you said fine whiskey.
Speaker 1 (05:40):
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
(06:02):
goes away, your first purchase, the first thing you would
actually go buy. I'm not just talking about getting groceries up.
Speaker 2 (06:10):
Like a purchase, like a fun purchase, a specific purchase.
I think I would buy a Porsche. Well, yeah, how
about you a vehicle?
Speaker 1 (06:19):
Wow?
Speaker 2 (06:19):
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.
Speaker 3 (06:33):
It, because it makes no sense.
Speaker 2 (06:35):
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.
Speaker 3 (06:56):
How about you?
Speaker 1 (06:57):
I don't. I am almost embarrassed that I don't have
really anything. I know what it would be, the Bronco.
Speaker 3 (07:03):
Yes, it would be a Bronco, the.
Speaker 1 (07:04):
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.
Speaker 3 (07:19):
You've been obsessed with Broncos lately.
Speaker 1 (07:21):
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.
Speaker 3 (07:27):
I don't want to boat either.
Speaker 1 (07:28):
Right, we're too practical. Now, A house is not a
fun purchase. That's a practical thing. But that's fun And.
Speaker 2 (07:33):
Then you know, and then i'd hire somebody to manage
the house. Why I didn't we need to deal with
the problems.
Speaker 1 (07:38):
Fun thing most embarrassed. I don't have a fun thing.
Speaker 2 (07:42):
But what about a private plane and a crew to
take you anywhere you wanted around the world at a
moment's notice.
Speaker 3 (07:49):
You pay them.
Speaker 2 (07:50):
They're just on staff. They have the best jobs in
the world. They're ready to go anywhere.
Speaker 1 (07:54):
You've got to expensive.
Speaker 2 (07:56):
You've got more money than you'll ever be able to
spend for the rest of your life to.
Speaker 1 (08:00):
Keep a crew on standby.
Speaker 3 (08:01):
Because they're getting like an awesome job too.
Speaker 2 (08:03):
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.
Speaker 1 (08:20):
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.
Speaker 3 (08:28):
Up you know, corvettes like corvettes, but I.
Speaker 1 (08:31):
Can don't get a corvette. It doesn't seem so far fetched,
you know what.
Speaker 2 (08:34):
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.
Speaker 3 (08:44):
Okay, how about this a villa on Lake Como.
Speaker 1 (08:47):
Oh here you go.
Speaker 3 (08:48):
Okay, like think that bit not me. That's not me,
but this is you aren't.
Speaker 1 (08:55):
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?
Speaker 2 (09:08):
You know.
Speaker 1 (09:09):
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.
Speaker 2 (09:16):
Well, then you shouldn't win the lottery, because I could.
I could make a list right now.
Speaker 1 (09:20):
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.
Speaker 2 (09:35):
So you'd just be like philanthropic possibly, I think though,
I mean obviously I think that would be a part
of it.
Speaker 3 (09:40):
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.
Speaker 1 (09:46):
Yeah, I don't.
Speaker 2 (09:48):
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.
Speaker 3 (10:00):
Well, that's great, but then you have to pay the gov.
Speaker 2 (10:02):
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
(10:22):
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.
Speaker 1 (10:37):
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
(10:58):
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
(11:18):
things they do. They do not require you to pay
taxes state taxes on your lottery winnings. That's amazing, good job, California.
Speaker 2 (11:28):
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.
Speaker 1 (11:48):
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
(12:08):
gonna come out as good as the folks in California.
In Florida, they got to contend robes with some taxes.
Speaker 2 (12:14):
They certainly do. That is a tough spot to be
in in Illinois.
Speaker 1 (12:18):
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
(12:39):
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,
(13:09):
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.
(13:31):
There's a reason jackpots have been getting bigger and bigger
and bigger over the past two, three, five and even
ten years.
Speaker 2 (13:39):
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.
Speaker 3 (14:02):
It to be that way.
Speaker 2 (14:03):
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
(14:24):
there is a larger chance of winning a bigger jackpot
because it's harder to get a jackpot.
Speaker 1 (14:29):
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
(14:50):
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.
Speaker 2 (15:02):
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
(15:25):
of hard to get my head around.
Speaker 1 (15:26):
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,
(15:47):
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
(16:10):
billion less than the jackpot.
Speaker 3 (16:14):
No more than a billion less. Right, that's great?
Speaker 1 (16:16):
That's that actually almost.
Speaker 2 (16:18):
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.
Speaker 3 (16:40):
Ohio, Yeah, y'all.
Speaker 2 (16:42):
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.
Speaker 3 (16:50):
I feel like when you hear a four when you're at.
Speaker 2 (16:53):
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.
Speaker 1 (17:07):
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.
Speaker 2 (17:20):
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?
Speaker 3 (17:40):
We laugh?
Speaker 2 (17:41):
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?
Speaker 1 (17:53):
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
(18:15):
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
(18:38):
work to spend that much money.
Speaker 3 (18:41):
Thirty million dollars in thirty days.
Speaker 1 (18:44):
If you needed to go spend a million dollars today
in one day and think of how to.
Speaker 2 (18:48):
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.
Speaker 1 (19:00):
Okay, about fifteen thousand yees.
Speaker 3 (19:03):
I don't even know how to do that.
Speaker 1 (19:05):
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.
Speaker 3 (19:13):
Why did he have to do that? What was the
reason why he.
Speaker 1 (19:16):
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.
Speaker 3 (19:24):
So you can waste money if you have.
Speaker 1 (19:26):
To go been thirty million dollars, so think what would
you do well?
Speaker 2 (19:31):
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.
Speaker 1 (19:38):
I would just go rent out the Plaza Hotel for
the month. Would that be a million dollars? I don't know.
Speaker 3 (19:43):
Maybe buy out a full Broadway theater. I don't know.
Speaker 1 (19:48):
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.
Speaker 2 (20:01):
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.
Speaker 1 (20:18):
Becomes a job for a lot of people. I think
about that.
Speaker 3 (20:20):
That's a full time job for sure.
Speaker 1 (20:22):
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.
Speaker 2 (20:43):
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.
Speaker 1 (20:57):
And everybody's coming after you.
Speaker 2 (21:00):
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.
Speaker 3 (21:18):
When you start thinking about.
Speaker 2 (21:19):
The people coming after you and what that would do
to you if people knew you suddenly became absurdly.
Speaker 1 (21:25):
Rich, what would you tell first?
Speaker 3 (21:27):
I'd tell my mom and dad for sure.
Speaker 1 (21:30):
First phone calls.
Speaker 3 (21:31):
Then I think, so, yeah, who's your first phone call?
Speaker 2 (21:34):
Your first philanthropic call will be, oh, BCRF, without a doubt,
Breast Cancer Research Foundation.
Speaker 3 (21:39):
How about you?
Speaker 1 (21:40):
I don't know who i'd call first. I don't know
my parent, I don't know if I call.
Speaker 2 (21:44):
My parents, you call Tish, you call your sister, and
then I think you'd give to the University of Arkansas.
Speaker 1 (21:50):
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.
Speaker 3 (21:58):
Yes, that's not surprise.
Speaker 1 (22:00):
I thought about him before I thought about myself.
Speaker 3 (22:01):
You have the stadium named after you. Let's be honest,
that would be like your legacy.
Speaker 2 (22:08):
Maybe maybe it would be the basketball stadium even more
than the football one.
Speaker 1 (22:12):
It's gonna be Bud. It's named after the Walmart not
changing that one.
Speaker 3 (22:15):
But wait, you could match him. Probably.
Speaker 1 (22:18):
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
(22:40):
not necessarily fighting about it.
Speaker 3 (22:42):
Right.
Speaker 2 (22:42):
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.
Speaker 3 (22:55):
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.
Speaker 2 (23:05):
M
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