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Record $365 Million Powerball Jackpot Won in Nebraska
Source: Multi-State Lottery Association ^

Posted on 02/19/2006 4:12:59 AM PST by dakine

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To: dakine

Hey if you want to throw away money and you support higher taxes in the states that run lotteries versus the states that don't run lotteries, go for it.

61 posted on 02/19/2006 10:13:07 AM PST by billbears (Deo Vindice)
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To: Flyer

the cash option worth $177.3 million
Minus taxes - $109 million remaining

Take that $9 million for immediate use - $100 million remaining

A very safe 4% return - $4 million a year pre-tax income.

I could live on that.""

I already have written plans for my winnings.

62 posted on 02/19/2006 10:20:08 AM PST by ridesthemiles
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To: billbears

I knew it! Thanks for confirming!

63 posted on 02/19/2006 10:22:44 AM PST by dakine
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To: dakine
No, it's your decision completely. However when lottery supporters introduce a lottery in my state (NC) under the auspices of 'it's for the children' and there is confirmed evidence that states that have lotteries have higher taxes than those that don't, then it effects me as well.

Why should I have to pay a tax as well so you can get your jollies off about the infinitesimal possibility of winning a lump sum of money?

64 posted on 02/19/2006 10:45:17 AM PST by billbears (Deo Vindice)
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To: billbears

Great! You are continuing....

65 posted on 02/19/2006 10:53:28 AM PST by dakine
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To: dakine

Winning Powerball ticket sold at O Street U-Stop
BY COLLEEN KENNEY / Lincoln Journal Star

The record $365 million winning Powerball lottery ticket was sold on Friday afternoon at the U-Stop at First and West O streets. The winner has not come forward yet, although officials think they’ve narrowed it down to five people based on a security camera tape.

Someone in Lincoln bought a record $365 million Powerball ticket. The odds for winning were 1 in 146.1 million.

“I can’t believe it,” Bus Whitehead, an owner of U-Stop Inc., said this morning. “Who would think this would happen to the city of Lincoln? It’s pretty shocking. It’s wonderful. As yet we don’t know who won. But we’re very excited for them.”

The winning ticket was sold at 3:09 p.m. Friday, according to Mick Mandl, co-owner of the U-Stop franchise at 110 W. O St.

Based on security cameras viewed by store and lottery officials, Mandl said they believe the purchaser was one of five people who were in the store at the time, including four men and one woman.

“It’s exciting,” Mick Mandl said. “It will put some excitement back in the Powerball. It’s not what it used to be.”

If the winner chooses a lump sum payment, the check would be for more than $124 million.

Whitehead said he’s been getting calls from around the nation.

“This is sure going to get a lot of publicity for Lincoln.”

Mandl said he’s had calls this morning from Good Morning America, CNN and CBS .

“Everyone wants to talk about it,” Mandl said.

There were 795 tickets sold at his O Street U-Stop on Friday.

Mandl said the business gets a check for selling the winning ticket.

“If I sold the ticket to ’em I hope they’d share in the winnings — at least, even one-tenth of a percent would suit me just fine,” Stacey Carey, a clerk at the store, said.

Only one winning ticket was sold for Saturday’s jackpot, according to the Powerball Web site.

The chances of winning the jackpot by matching all six numbers were 1 in 146.1 million. The winning numbers drawn Saturday night were 15-17-43-44-48 and Powerball 29.

If the winner takes a cash payment they would be paid $177.3 million, and after withholding of 25 percent federal and 5 percent state tax, the prize would be $124.11 million.

The winner has six months to come forward, according to Tom Johnson, a spokesman for the Nebraska Lottery.

66 posted on 02/19/2006 12:35:54 PM PST by Bluepool (Lincoln Journal Star)
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To: rovenstinez
Hasn't theree been some studies of winners of Jackpots, and that they all die in 5 years, commit suicide, end up unhappy as everyone of their friends thinks they too need to get some piece of the pie? Seems I remember that the vast majority after they were paid and the money spent wished they would have never won. LOL. That's why I should have won and not them.
67 posted on 02/19/2006 3:59:30 PM PST by Callahan
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To: Bluepool

Usually they don't, but in case the winner wants to be anonymous I hope the store doesn't release their security tapes to the public.

68 posted on 02/19/2006 5:25:30 PM PST by GnuHere
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To: garyhope
Funny, those were the exact numbers I was gonna play, but I was a day late and a dollar short.

Ahhh, suffering mankind's story of the ages...


69 posted on 02/19/2006 5:58:07 PM PST by Chances Are (Whew! It seems I've once again found that silly grin!)
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To: painter


70 posted on 02/20/2006 7:02:20 AM PST by bigsigh
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To: dakine
The winner will now have to decide between the 29-year, 30-payment annuity, and the cash option worth $177.3 million

What's the reason for this?
71 posted on 02/22/2006 8:42:52 PM PST by Cronos (Never forget 9/11. Restore Hagia Sophia! Ultra-Catholic)
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To: Cronos
Good question. If a multi million dollar winner takes the annuity, they only get about $ 100,000 dollars up front and then the yearly installments. One can invest the lump sum better, the lottery may not be around forever, plus the person knows they may not live 30 years ( or be in any condition to enjoy it by then ). No idea why the lottery still keeps half but if it wasn't the government running things, they would be sued for false advertising and lose the case.

IIRC, several winners have sued over the years to get the whole amount of the jackpot and have lost every time in various courts.

The half of the jackpot started with the earliest lotteries I have heard of and every new lottery since then has gone the annuity or lump sum amount. It's a cash cow for the government, just on the jackpot part.
72 posted on 02/22/2006 8:57:36 PM PST by Hillarys Gate Cult (The man who said "there's no such thing as a stupid question" has never talked to Helen Thomas.)
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To: Hillarys Gate Cult

thanks for that explanation

73 posted on 02/22/2006 9:11:22 PM PST by Cronos (Never forget 9/11. Restore Hagia Sophia! Ultra-Catholic)
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