Minnesota couple claims $180 million Powerball jackpot

The Waseca couple appeared this afternoon at a news conference at Minnesota Lottery headquarters in Roseville, introduced as the lucky winners of Saturday's $180.1 million Powerball drawing. The Rosenaus said they'll take the lump-sum payment of $88 million, or $59.6 million after taxes.

can someone please explain to me how the jackpot is advertised at 180m million and the lump sum payment is only 88 million

and then the after tax amount is a insanely low amount of 59.6 million. i always thought that the lump sum payment was

the amount u would get after taxes??  i know that i am probably wrong but it just sounds like false advertisement to me.

has anyone ever did the math as far as what the tax amount would be if people took the 30 year payments? i could be wrong

again but i do not believe that after 30 years of payments that you would only receive 59.6 million out of a 180 million dollar jackpot.

I can't believe they have GROWN CHILDREN and did not put them on the ticket also..seems like they haven't done much planning.

Congrats to the Couple!  I would love to be going to Hawaii with ya! 

Rage, MUSL says the advertised amount is the amount you get when you take the 30 year annuity.  If you take the cash up front lump sum, it was advertised at 88 million.  They explain, "that is the amount we have on hand to pay the winner straight up."  After Federal and State taxes (which varies, according to each state) the winners only got the low amount mentioned.  The advertised amount, they say, is the amount you get over a period of 30 years, with the interest that is accrued.  But you can do the same thing with the cash option if you are smart with it.  So, in the future, if you want to know what you have actually won, look at the advertised amount and take off the federal and state taxes.  Or you can check out USAMega.com and KNOW how it breaks down by using the Jackpot Analysis link on the left of the page. 

And as far as their children not being on the ticket, well....They might know their kids and how well they would handle the money and decided keep in their name.  And there is the off chance (that has been the case in my family) where one kid would handle money great and the others need to be constantly bailed out of trouble no matter how much money they had to begin with.  And some kids, well, aren't very respectful of their parents enough to deserve such a thing in the first place., no matter how much we love them.

Congrats to the Rosenau's. Looks like a good story in the making. I would be willing to bet we do not hear much from them after this.

It is my understanding that you cannot put anyone else besides husband and wife on the tickiet because that would constitute a lottery club, which, would have to have been formed ahead of time.

Yes, if you want detailed information about how the cash and annuity values are determined, go to the USA Mega Powerball FAQ page and scroll down to the question, "Why is the cash option different than the advertised jackpot?".

I'd recommend checking out the rest of the info on that page too.  Other useful pages at USA Mega can be found in the left-side navigation on the site, as well as in the drop-down menus.

sounds like it couldn't have happened to a nicer couple.

Why would they have to put anyone else on their ticket and how does that constitute them not doing much planning?

I can't believe I'm seeing this being said! How about this: It was their win, not their children's!

I'll be damned if I'll put my one grown adult daughter on my winning ticket! I'm not saying that she won't benefit from my win, but she sure isn't going to get 50% of it either! Heck not even 1/3, not 1/4 either! She will get no less than 1 million, but it could be as much as (5 million Tops) that she will get! And for my young son .... he'll get 3 million put in a trust until he's 21! Now it all depends on what age he is when I win the big one! But many years of interest compounding annually puts him in the big, big, big bucks if it happens in the very near future!

WTG

Congrats to the lucky couple!  Stay smart and protect yourselves.

I'm not so sure about the comment about the adult children. I have two, both in college, both still pretty much on my dollar. No way would I split a jackpot like that with them. They will get the benefits anyway, then inherit. I waited - they can, too.