$1M (but paid over 40 yrs)

Month long promo at a casino.
Top prize is $1M but fine print says over 40yrs.

Now $25k/yr is nothing to sneeze at and it's a lower tax rate than$1M lump sum but 40yrs???
Powerball $1M is over 29yrs but yearly payouts increases 5% every year.

Decades ago during the last millennium, McD $1M Monopoly top prize was over 25yrs (I think) and back then as a kid i thought that sucked.
And you could live off $40k/yr for a family of 4 back then.

I guess a bright side to the prize spread over 40yrs is that the casino winner won't be broke after 5yrs like the avg lump sum lottery winners.

I think we expect that $68.50 a day won't go as far as it used to... but you can probably get a coffee and a danish.

I'm more interested if the usual casino player these days will be around for another 40 years to finish collecting.

I'm waiting for the multi-year payout that adjusts for inflation

Quote: odiousgambit

I'm waiting for the multi-year payout that adjusts for inflation
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I believe most do adjust for inflation, but the grand total amount is not adjusted.

ETA... or did you mean that you are waiting to win one?! If so, I'm in the same boat, brother! ;)

actually I have little interest in big prizes with small chances of winning, even when they are said to be +EV sometimes

there are some things about me that are 'gambler personality' and others are completely missing, like this

Quote: odiousgambit

actually I have little interest in big prizes with small chances of winning, even when they are said to be +EV sometimes

there are some things about me that are 'gambler personality' and others are completely missing, like this
link to original post

I’m the same way. It’s why I rarely ever attend a casino drawing. It’s a sucker play to get the suckers to just blow money while waiting for their name to not be called. It doesn’t get called and they go on tilt losing even more money.

Quote: Slotenthusiast

Quote: odiousgambit

actually I have little interest in big prizes with small chances of winning, even when they are said to be +EV sometimes

there are some things about me that are 'gambler personality' and others are completely missing, like this
link to original post

I’m the same way. It’s why I rarely ever attend a casino drawing. It’s a sucker play to get the suckers to just blow money while waiting for their name to not be called. It doesn’t get called and they go on tilt losing even more money.
link to original post

I tend to go if I have freeplay to redeem that day.