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Meat Workers Share $365 Million Jackpot
Associated Press ^ | Feb 22, 2006 | AP

Posted on 02/22/2006 12:04:46 PM PST by TheClintons-STILLAnti-American

LINCOLN, Neb. - Eight workers at a Nebraska meat processing plant claimed the record $365 million Powerball jackpot Wednesday, giving each about $15.5 million after taxes.

The seven men and one woman all work at a ConAgra ham processing plant near the U-Stop convenience store where they bought the winning ticket last week for Saturday’s lottery.

They ended up with the biggest jackpot in U.S. lottery history.

(Excerpt) Read more at msnbc.msn.com ...


TOPICS: Culture/Society; News/Current Events; US: Nebraska
KEYWORDS: ham; jackpot; largeponynamedotto; lottery; millions; money; powerball
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Praise be to Porky Pig! A group of ham processors beat astronomical odds and hold the only winning ticket in the largest in U.S. history. I guess Allah might be "merciful" afterall--or have a much better sense of humor than I'd given him credit for! Ham sandwiches for everyone!
1 posted on 02/22/2006 12:04:51 PM PST by TheClintons-STILLAnti-American
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To: TheClintons-STILLAnti-American

Good! 8 new Republicans!


2 posted on 02/22/2006 12:05:44 PM PST by Mikey_1962 (I grew up in a slum, when I got to college it had become a "ghetto".)
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To: TheClintons-STILLAnti-American

That's ironic, if I won 365 million dollars, the first thing I'd do would be to try to get a job in a meat processing plant.

Owl_Eagle

(If what I just wrote makes you sad or angry,

 it was probably sarcasm)

3 posted on 02/22/2006 12:07:03 PM PST by South Hawthorne (In Memory of my Dear Friend Henry Lee II)
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To: TheClintons-STILLAnti-American

Pretty diverse group. About the only demographic not represented were blacks. Quick somebody point this out to shakedown Jackson.


4 posted on 02/22/2006 12:08:05 PM PST by cripplecreek (Never a minigun handy when you need one.)
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To: Mikey_1962
Good! 8 new Republicans!

LOL!

5 posted on 02/22/2006 12:09:02 PM PST by American Quilter
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To: TheClintons-STILLAnti-American
“I don’t think they have a reason to be jealous,” Maboussou said of the rest of his colleagues, “because when it’s a pool day, we ask people to put like in five bucks, so if you wasn’t there or you didn’t put five bucks in, sorry.”

Too bad, so sad . . . back to work in the morning! Lots of sore shins from people kicking themselves.

6 posted on 02/22/2006 12:09:57 PM PST by FoxInSocks
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To: TheClintons-STILLAnti-American

What a scam that taxes can steal that much of it.


7 posted on 02/22/2006 12:11:10 PM PST by mysterio
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To: FoxInSocks

Sometimes, it does pay to play the lottery.


8 posted on 02/22/2006 12:11:33 PM PST by psjones
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To: TheClintons-STILLAnti-American
$365 million Powerball jackpot Wednesday, giving each about $15.5 million after taxes.

That's $124,000,000 based on a lump sum present value payout and less taxes. Assuming taxes takes 40%, that would mean they got $124,000,000 out of about $220,000,000.

That seems like a huge hit for a present value payout.

9 posted on 02/22/2006 12:14:55 PM PST by Michael.SF. (Things turn out best, for those who make the best of the way things turn out.--- Jack Buck (RIP))
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To: TheClintons-STILLAnti-American

PETA must love this. Bwa ha ha ha ha


10 posted on 02/22/2006 12:16:24 PM PST by Screamname (Tagline)
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To: mysterio
What a scam that taxes can steal that much of it.

It is not the taxes that is the scam, it is the present value calculation. See my post above.

11 posted on 02/22/2006 12:16:38 PM PST by Michael.SF. (Things turn out best, for those who make the best of the way things turn out.--- Jack Buck (RIP))
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To: TheClintons-STILLAnti-American

Headline should read: "EX-Meat Workers Share $365 Million Jackpot"


12 posted on 02/22/2006 12:17:27 PM PST by Dacus943
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To: Michael.SF.
That seems like a huge hit for a present value payout.

Kinda. Lump sum payout was more like $177,500,000 rather than the $220,000,000 figure you quoted.

13 posted on 02/22/2006 12:22:12 PM PST by ShadowAce (Linux -- The Ultimate Windows Service Pack)
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To: mysterio
"What a scam that taxes can steal that much of it."

True--the only one that wins every time is the government. People spend after tax dollars to buy tickets, then when a portion of those dollars are paid out to the winner the government gets another share.

I don't have anything against lotteries per se, with the usual caveat that some people spend money they can't afford on them-- and for some it limits their motivation to work and create because they're holding out hope for a magic payday (kind of like the demotivation of socilaism in terms of the removal of proactive self-reliance),-- but I don't like the government being in the gambling business.

14 posted on 02/22/2006 12:23:34 PM PST by TheClintons-STILLAnti-American (Keep the adults in charge of Congress.)
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To: TheClintons-STILLAnti-American

The help wanted sign just went out.


15 posted on 02/22/2006 12:23:45 PM PST by TXBSAFH (Proud Dad of Twins, What Does Not Kill You Makes You Stronger!!!!!!)
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To: TheClintons-STILLAnti-American

The eight winners of the Powerball lottery gather in Lincoln, Neb. Clockwise from top left: Robert Stewart(30), Alain Maboussou(26), Dung Tran(34), Eric Zornes(40), David Gehle(53), Michael Terpstra(47), Quang Dao(56) and Chasity Rutjens(29).

16 posted on 02/22/2006 12:25:53 PM PST by rawhide
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To: TheClintons-STILLAnti-American

Now there'll be 8 new openings for jobs rich Americans won't take.


17 posted on 02/22/2006 12:27:18 PM PST by Bernard Marx (Fools and fanatics are always certain of themselves, but the wise are full of doubts.)
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To: Screamname

You hit the jackpot with that remark! LOL!


18 posted on 02/22/2006 12:31:34 PM PST by Salvation (†With God all things are possible.†)
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To: rawhide

Gotta love it. The Scots, the French, the Vietnamese, the Chinese, the Germans, and the Dutch are all represented. Only in America!


19 posted on 02/22/2006 12:31:36 PM PST by NotJustAnotherPrettyFace
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To: ShadowAce
I took taxes into account. I don't think the 177.5 takes that into consideration.

I believe the article is incorrect:

15.5 each "after taxes", that should be after taxes and after present value calculation.

20 posted on 02/22/2006 12:42:17 PM PST by Michael.SF. (Things turn out best, for those who make the best of the way things turn out.--- Jack Buck (RIP))
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