What would you do if you won a million dollars after-tax?

I'd be curious to know what our members would do if they won a million dollars in after-tax money. Would you stop gambling? Would it be as fun keeping your bankroll and betting limits the same? Would you raise those limits and possibly gamble it all away? Would you retire on the spot and live off of the interest? Would your life change?

Lots of questions I know, but just curious as to what people who appreciate games of chance like would do? Personally, I'd invest it all in a series of stocks and bonds, and set aside a small modest amount for recreation and spreading the wealth among friends and family and charity. I doubt I'd change my betting style and retirement would still not be an option.

Definitely no retirement for me, either. I'd pay down debt and invest the rest. Without the debt obligations, I'd have more regular income freed up for gambling and other recreational activities. Actually, as I think about it, those are gambling, too. (skins in Golf, prop bets at baseball games, etc.) Anyway, I'm not sure if I'd increase my bet amounts, but I'd probably increase the frequency of my play.

Ditto.

Pay down some debt. Possibly move into a better house. Invest the rest.

I would increase my bankroll, and probably increase my casino trips, but would not change my style or standard bet size.

After all, a million bucks ain't what it used to be.

Put it in T-Bills, which would throw off about $25k a year the first year and less each year after that because I'd be spending about $40k a year off the top. And hopefully die before the money's gone.

Not enough to retire off of, though.

I'd get me a ho

I guess you're asking if I got rich/won a ton of money, would I keep gambling. Pretty good question. Theoretically, the point of gambling is to "win money," so if I already had more than I needed, there would be no point to continue gambling. However, as we know, most of us don't gamble to win money, we play for the entertainment/challenge of beating the house. So yes, I would probably continue gambling. I would like to explore the world of high limit play; would probably up my limits to $100-$200 a hand in blackjack and dabble in some high-end baccarat play. Maybe some really high odds multiples in craps, too. And positive video poker plays.

Edit: Okay, a million really isn't all that much. I would probably invest it and keep my gambling levels the same. I would have to come into a real ton of money to bump my levels up as much as I said.

I'd put it in a High-Yield Savings account and just use the interest to be my gambling budget for the year.

Quote: thlf

I'd get me a ho

For a million bucks, you can do a lot better than a 'ho'.

A million bucks?

I'd pay off all of my debts, take a leave of absence from work, and travel the globe for a year. I'd still be a $5 craps player though.

Use about 600K to pay down my mortgage, and add the other 400K to my bankroll.

Put it all on 7.

I might buy a little electric car. One of those Tesla things.