Tuesday, April 04, 2017

lotteries and ice cream cones

So there is something called 'Grande Vie' that is nation wide, the grand prize is 1000$ per day for life in after tax dollars. It costs 3$ to enter with a chance of 1 in 13,348,188 to win the grand prize and a chance of 1 in 6.8 of winning any prize which can be as small as another draw for a subsequent draw date.

There is also something called 'Gagnant à Vie' that is only in Quebec, it is a scratch card that costs 4$ and the grand prize is 1000$ a week for life in after tax dollars. The odds of winning the grand prize are 1 in 1,200,000 and of winning any prize is 1 in 3.5.

While winning the grand prize of 'Grande Vie' would be life changing, winning the grand prize of 'Gagnant à Vie' would put our family at ease financially and would allow me to potentially stop working. I don't know that I would stop, but perhaps I would negotiate to work less, say, three or four days a week.

With 'Grande Vie' my current salary in a year could be measured in Y weeks, my wife's salary another X number of weeks and then there would be months of 1000$ days that have no immediate or urgent need. And this would go on in perpetuity.

Anyhow, I'll be playing 'Gagnant à Vie' periodically, less frequently, the 'Grande Vie'.


Debstar said...

It would really suck if one was to die a week after winning.

Phil Plasma said...

For both prizes a beneficiary would receive the award up to a max of 20 years from the start of when the first money start arriving.