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74 Comments
- Swarms, on 03/05/2009, -0/+38"He's like, 'You got my money?' " Oviedo said he thought, "Wow, that was rude," but paid up. Space shook his hand and said: "Now you're a millionaire."
That's incredibly classy. He could have been a dick, and probably have the law on his side, if he decided to not split the millions because he hadn't technically paid for the ticket. - malanic, on 03/05/2009, -1/+25I'd like to have been a fly on the wall at this part, before Oviedo found out about the win;
"Space played hardball with co-worker Oscar Oviedo, who hadn't paid him yet for his share of the lottery tickets.,,,
"He's like, 'You got my money?' " Oviedo said he thought, "Wow, that was rude," but paid up . Space shook his hand and said: "Now you're a millionaire."
Classic. He must be glad he didn't welsh on that debt. - sathias, on 03/05/2009, -1/+21I guess the boss is going to be looking for 10 new workers.
- FreddieD, on 03/06/2009, -0/+15This is why I always kick in when the lotto prize gets large and people at the company start a pool, even though I know the odds are realistically infinitesimal. You *know* there's at least one guy at that place who was asked if he wanted to kick in and declined. That person is probably having trouble sleeping at night now. I know I would.
- benroy, on 03/05/2009, -1/+15What's that after taxes?
- kennpeters, on 03/05/2009, -0/+14If a buck or two a week gives me a chance to think for a few minutes about what I *could* have, instead of dwelling on what my problems might be at the given moment, I'll pay that tax from time to time.
The problem is the people that spend *too* much when they should be putting that money towards real expenses. And *that* problem happens more at the state-only level with the scratch-off tickets and the daily lottery games. The 'Big Lotteries' tend to be more of a "what the hell, I'll spend a buck or two" thing for most people.
Yeah, $50 or $100 a year would mean something if saved/invested and compounded over 40-50 years, but life is boring if you don't allow yourself to dream every once in a while. Most of us 'lose' more than that in a lifetime buying Starbucks and Snickers. - dmitriy87, on 03/05/2009, -1/+12More money than I have...
- banderwocky, on 03/05/2009, -1/+10Lucky ducks
- DrewPeacock, on 03/05/2009, -0/+8Some people know the odds, but they think it's exciting and do it anyways.
- Ninh, on 03/05/2009, -1/+9Congrats! And use it wisely.
- FreddieD, on 03/06/2009, -0/+7To add insult to injury, that guy's workload at work is going to be a LOT more now that 10 folks in his division probably just turned in their resignation letters.
- ATL, on 06/20/2009, -0/+7I'm sure they are reading Digg comments
- benologist, on 03/05/2009, -2/+8$21.6m per person..... you divided by 100. Then after taxes..... about $3.50.
- lancert, on 03/05/2009, -0/+6Yea, invest it in GM stock! It's really cheap today!
- Autodidaddict, on 03/06/2009, -1/+7Thank god games of skill like state lotteries are legal, while evil immoral gambling that corrupts family values like Internet poker is constantly being targeted by the US Justice Department.
- mewho, on 03/06/2009, -0/+5I don't mind paying $1 every few months for several days of delightful anticipation and daydreams.
- malanic, on 03/05/2009, -1/+6"The ticket is worth an estimated $216 million if the money is paid out over 26 years, or about $140 million if they choose an immediate cash payout."
Between ten, that's $14M, or $21.6M each Halve that for tax.
Before this financial crisis, you'd expect to earn enough per year in interest alone so over 26 years you'd make more money taking the immediate payout, plus you'd still have the principal. I don't imagine this crisis would go for 26 years though. - DrewPeacock, on 03/05/2009, -3/+8Now I know for sure the lottery is a good investment!
- deadasdisco, on 03/06/2009, -0/+5i never play this game, but...
if i won the lottery the first thing i would buy would be one of those half plane/half go-kart things in howard the duck. then my spending would just get even more ridiculous. - oo7b0nds, on 03/05/2009, -0/+5at 40%:
$216M / 10 = 21.6M each
21.6 * .4 = 8.64
21.6 - 8.64 = 12.96M each - MVPhurricane, on 03/06/2009, -0/+5Concurred. In fact it's remarkable that there is not a single lawsuit coming out of this. But I supposed it's not over yet.
- snowblind113, on 03/06/2009, -0/+5this is very strange considering I just watched "It Could Happen to You" on AMC last night and heard of this today. Not to mention this happened in my hometown. The Singin this happened at is on route 166, toms river NJ.
- malanic, on 03/06/2009, -0/+5"Where are you from that people are paying 50% tax? Not happening."
Admittedly, I don't know that much about US taxes.
I'm Australian and we don't tax our lottery winners at all. You get 100% of your winnings, tax free. - Autodidaddict, on 03/06/2009, -0/+4This is true. And you shouldn't buy lottery tickets if you can't afford them.
But instead of a starbucks coffee, if I spend 5 bucks every week or so just for a small ray of daydream hope, what's the harm?
The coffee will only give me the jitters. The lottery ticket won't win, but it's something small and fun. And in this day and age, take the little joys out of life, even if they seem foolish. - sygyzy, on 03/06/2009, -0/+4We had a similar pool at work for a while and the question came up - What happens if we win and someone is behind in payments. The way we ran it at work, one designated person would always go and buy a set amount (say 10 tickets). There were 10 members so each owed $1 a week. In practice, nobody remembered to give $1 a week. Some people would give $5 and forget about it for months. Inevitably, people would be short a week to a month. Anyway, I am glad that the people in the article weren't greedy about things. They still split it with everyone.
- stoanhart, on 03/05/2009, -1/+5Hmmm, at 40% tax I get $12m per person.
- anthropodeus, on 03/06/2009, -1/+55$ each
- FiatFaux, on 03/06/2009, -0/+3Saving "money", or "federal reserve notes" in US banks is HIGH STAKES GAMBLING.
- FiatFaux, on 03/06/2009, -1/+4That amount of "money" will buy about a week's worth of groceries to split in Zimbabwe...
in the United Socialists of America too soon, at the rate they're printing "money" to monitize ever-expanding debt.
What's the difference between MILLION$, BILLION$, & TRILLION$? ZERO$!!! Just ask President Robert Mugabe.
The paper and ink costs are the same. The lucky guys might be smart to trade in the paper for gold & silver fast!!! - DrewPeacock, on 03/06/2009, -0/+3Do you have a high opinion of yourself, or a low opinion of insurance salesmen? Or both?
- BooLag, on 04/23/2009, -1/+3Enough.
- Autodidaddict, on 03/06/2009, -1/+3Write an article and submit it.
Oh wait, you're the kind of person that can only bitch and complain about things but can't provide anything better. - Foot56, on 03/06/2009, -0/+2Gyrocopter?
http://www.racearoundflorida.com/photos/gyrocopter ... - Autodidaddict, on 03/06/2009, -0/+2Just like EVERYONE who's tried a drug is a drug addict?
Of course there are a few horror stories. Stupid people don't get any smarter just by winning the lottery. Hence when stupid people win it, they do stupid things.
But MOST large jackpot winners definitely wouldn't go back and NOT WIN. Sure there are annoyances, like getting hundreds of letters from beggars every day, having to worry about security, etc. But celebrities face this too...yet not many of them give up the money and lifestyle to live in annonmity.
Keep spreading the myth that everyone who wins the lottery is cursed and regrets it. If it's what you use to help you deal with your feelings of jealousy, then so be it. But it just ain't true. - linagee, on 03/06/2009, -0/+1That's just what I was going to say. Do they get into a lower tax bracket by splitting it?
- floorman56, on 03/05/2009, -1/+2No... now they are the evil rich
- inactive, on 03/06/2009, -2/+3The lottery pays out can't say the same for the stock market.
- CedEx, on 03/06/2009, -0/+1Lottery = job creation in this case.
- bradharrelson, on 03/06/2009, -3/+4Good for them. Unfortunately most large jackpot lottery winners regret even winning the lottery. You are basically ostracized by your friends because everyone now expects a dime, but you won't be giving it out. You will buy a big new house in a neighborhood where everyone else has earned their money. You will still receive hundreds of random phone calls asking you for money to invest in a project, a business, an invention, etc... even if you are unlisted. It goes on and on.
- malanic, on 03/06/2009, -0/+1Just adding to that; Of course the profits from running the lottery are taxed, and like everywhere, the odds are stacked. I think the return is around 85% here, but I'm not sure.
What's the return in the US, I wonder? - deadasdisco, on 03/06/2009, -0/+1it's close, but i think it was more like this:
http://www.ultraflight.com/JonsOlderArticles/Intro ... - leemay1974, on 08/09/2009, -0/+1Yes it never stops to amaze me, how the mountains of cash and lottery cash that could quite easily be put to some real life changing causes rarely does. Plenty does get spent but when you do the maths it is only a small percentage. I Know the Mega Millions Lottery will probably have to give some money to American Schools or something like that.
So it said somewhere on this site http://www.e5ive.co.uk - FiatFaux, on 03/06/2009, -0/+1What's more risky a Gamble for ALL of US?
The Lottery, "Social Security", or The Federal "Reserve" BankKing System?
At least you can choose whether or not to participate in the Lottery retirement plan.
A "dollar" is worth 2 cents now, compared to what it purchased under gold standard. Do the math. - FiatFaux, on 03/06/2009, -0/+1In the NWO USSA? $O-nada
- Swarms, on 03/06/2009, -0/+1What the hell are you rambling on about?
- nipterink, on 03/06/2009, -0/+1http://www.usamega.com/mega-millions-jackpot.asp
Your initial numbers are right, 212m and 140m (the lump payout is usually around 2/3 the full amount).
As for taxes you pay 25% federal and then more to the state if applicable (none in the case of NJ). - megarobotguy, on 03/06/2009, -0/+1Go with AIG! I heard even the government is getting in on the wise investment.
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