Someone won the 50 million - what would you do?

^I wonder if they are a neutral party?

I've heard of people in ON having to get lawyers when they win. Not sure how true that is.

$50M is a lot of money.. I'd be happy with not even a mil :)

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lol i would do the kiss my @ss dance, I am a goddess and leave the country for the tropics...

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Originally Posted by Brynhilde

^I wonder if they are a neutral party?

I've heard of people in ON having to get lawyers when they win. Not sure how true that is.

$50M is a lot of money.. I'd be happy with not even a mil :)

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No, it's not a neutral party. It's between Ontario Lottery and Gaming and one of the big 5 brick and mortar banks that they choose.
Personally, I would get my financial planner involved before I contact the lottery company and take the financial planner with me.

I agree that $50 million is a lot of money. I wish they would consider 50 prizes of $500,000 -- spread the money around. They would encourage more players that way IMO.

We nearly never play. Maybe 3 times per year - you know -- to throw away some money, lol.

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Originally Posted by Shwa Girl

No, it's not a neutral party. It's between Ontario Lottery and Gaming and one of the big 5 brick and mortar banks that they choose.
Personally, I would get my financial planner involved before I contact the lottery company and take the financial planner with me.

I agree that $50 million is a lot of money. I wish they would consider 50 prizes of $500,000 -- spread the money around. They would encourage more players that way IMO.

We nearly never play. Maybe 3 times per year - you know -- to throw away some money, lol.

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I agree on that point of bringing your own financial planner. Not about to use the lotto corp's non-neutral one. It just makes more business for them to "advise" on where to put money they gave out themselves. All the big-wig back-patters. No thanks.

I usually grab a ticket when a big lotto comes around, and find lots of tickets in my stocking (just won $20, ha). I'm not a regular player by any means myself.

I figured as much.. I would do the same as you. :)

I usually play the Crosswords once in awhile.. maybe a few times a year. I bought a lotto ticket once but didn't play my Encore. Turns out the Encore numbers I had matched all the numbers that were called that night. :rant: :rant: Bah... They say if you don't play, you don't have a chance to win but I'd rather try and save that money on something else.

Also.. I don't really like the idea of having my photo taken with this big cheque I just won from OLG... I probably couldn't walk down the streets of Downtown Toronto without someone asking about it. Talk about risky...

Sorry off topic :lol:

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Originally Posted by MrsSunshine

are you referring to Ontario or Ottawa? when you say 'here'

if its Ottawa were sh$t out of luck.


if Ontario..

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they said Ottawa on the news blurb I heard

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Originally Posted by Shwa Girl

If I won, I would get rid of the money quick.:smartass:
My plan would be
10% to charity
10% to family and friends
10% to savings
10% to emergency fund
10% to stocks
10% to mutual funds
10% to RAOK through out the year - like the people who paid off KMart layaways in the states, or a small diamond in the Salvation Army kettles:top:
10% to housing and car
10% retirement
10% travel to see friends, family, the world:shade:

I would still work, but cut my hours and do more volunteer work.
I would not drastically change my lifestyle.
I would still save and use coupons.:P

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I'd work for myself at my charity! I don't think we would change our lifestyle much except for a bit bigger house and a bit newer vehicle and some new clothes that I buy because I like them, not because "they'll do" and "they're on sale"!!

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Originally Posted by AmberLab

I've honestly never thought about what I'd do with that much money. Like Lola said, 1 million would be a chore of a decision.

Lotto companies do recommend that when you've won, immediately turn your phone ringer off, pick up and deposit the cheque, then take a few days off to getaway with your family and think it all over.

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I remember reading once you take a little bit say 100,000 if you won 50 million and do whatever you want with it, the rest you lock up a year so that you and no one else can access it.

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Originally Posted by Shwa Girl

No, it's not a neutral party. It's between Ontario Lottery and Gaming and one of the big 5 brick and mortar banks that they choose.
Personally, I would get my financial planner involved before I contact the lottery company and take the financial planner with me.

I agree that $50 million is a lot of money. I wish they would consider 50 prizes of $500,000 -- spread the money around. They would encourage more players that way IMO.

We nearly never play. Maybe 3 times per year - you know -- to throw away some money, lol.

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Completely agree...realistically I'd rather have the same lifestyle with just a littel extra each month (or have no mortgage)

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Originally Posted by Brynhilde

Also.. I don't really like the idea of having my photo taken with this big cheque I just won from OLG... I probably couldn't walk down the streets of Downtown Toronto without someone asking about it. Talk about risky...

Sorry off topic :lol:

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Ditto!!

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Originally Posted by Brynhilde

Also.. I don't really like the idea of having my photo taken with this big cheque I just won from OLG... I probably couldn't walk down the streets of Downtown Toronto without someone asking about it. Talk about risky...

Sorry off topic :lol:

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For the photo, I would look my worst - hair everywhere, no make up, a crazy hat, glasses.

Then before I leave, get all made up and change to go out to the crowds. With my limo waiting at the door of course.

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Originally Posted by Shwa Girl

For the photo, I would look my worst - hair everywhere, no make up, a crazy hat, glasses.

Then before I leave, get all made up and change to go out to the crowds. With my limo waiting at the door of course.

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:lol: You are full of ideas!! Brilliant!!

wow, some new millioniaires, too - that would be 'enough' for me, lol!

There is one winning ticket for the $50-million jackpot in Friday night's Lotto Max draw -- and it was purchased somewhere in Ontario.
Four of the 10 MaxMillions prizes of $1-million dollars each were also claimed.
Two winning MaxMillions tickets were sold in British Columbia, one in Calgary, and one in Ontario

I got a lottery ticket for Christmas, I joked that if I won i'd have to sit on it until my birthday in July!

So..if I actually won (didn't win squat on my ticket, actually)

3 million dollars to build my dream home and furnish it
1 million to each of my brothers (3)
5 million to my Mom
500,000 to 2 of my friends
--- 10 million so far ---
2 million to spend (clothes, cars)
500,000 to start an animal rescue
100,000 to roak. <-- great ideas for that.

I'd also love to go downtown and order a tonne of meals from a take-out place, and give one to each of the homeless people I encounter. Then rent out a couple hotel rooms for them. I have a soft spot for homeless people, heh.

Hah, i'm not even at 15,000,000 and I ran out of ideas (other then savings)

First thing I would do is purchase a good-sized RV. I'd take my family somewhere that no one could find us for awhile. :) It takes no time at all before people know you won and are banging on your door begging for donations. I have an aunt who won about $100K awhile back, and years later people were STILL asking them for money. $100K isn't enough to be sharing much with strangers who come knocking.

Sometimes you sit on prizes and then they are gone by the time you redeem them.. I had it happen on a few Instant Win tickets and I wasn't even keeping them away. By the time I bought the ticket, someone else had already claimed the prize :rant:

I can't even imagine winning $50 Million. I think I would put it all in the bank and take the family on a holiday, while on holidays we could figure out what to do with it. For sure 50% would go to charity, nobody needs that much money and the charities could do wonders with it. The rest would probably be split between my 5 girls and us equally. That way all our family could enjoy it.