Welcome Guest
Log In | Register )
The time is now 11:43 pm
You last visited July 22, 2014, 11:41 pm
All times shown are
Eastern Time (GMT-5:00)

Newspaper: Big lottery winners are rare

North Carolina LotteryNorth Carolina Lottery: Newspaper: Big lottery winners are rare
41
Rating:

Many people fantasize about the lottery offering a one-way ticket to limitless leisure, to a life of big houses, fancy cars, lavish cruises, endless shopping sprees and a chance to snarl adios to a nagging boss.

That lap of luxury lifestyle might be within reach if you win big, like Jeff Wilson of Kings Mountain did several weeks ago when he came forward with the Powerball ticket worth $88.1 million.

Wilson, 27, a UNC-Charlotte alumnus who took the lump sum payment of $42.4 million, a cool $28.8 million after taxes, said at the time that he might buy a house, a car, a few fast boats, take a few friends to Hawaii and help put his nephew through school.

Most of the state's lottery winners, though, get nowhere near the Powerball jackpot sum that Wilson did. Only one other person, Jackie Alston of Halifax, has won the jackpot since the game launched May 30, 2006. That $74.5 million win in November 2006 brought her a lump sum payment worth $28 million after taxes.

In all, the lottery has paid out 11.14 million claims for Powerball for a total $260 million, according to Pam Walker, communications director for the North Carolina Education Lottery. Of those other winners, 150 have claimed prizes between $200,000 and $2 million.

Carolina Cash 5, which launched May 30, 2006, has brought 11.5 million claims for payment of more than $71.9 million.

One of those winners was Jeffrey Posey, 48, of Greensboro. On June 25, 2008, Posey won $191,250 in the Cash 5 drawing, and after taxes, he took home nearly $130,000.

"That's pretty good," Posey said recently. "But it wasn't so much that it was going to change my life."

Posey, who works in research and development at Lorillard Tobacco, paid off a few bills, bought a 2008 Mustang and spent a little more than he might have otherwise furnishing a new townhome. Most, he said, was socked away in interest-earning investments.

With hopes of duplicating his good fortune, Posey went back to the same convenience store on the anniversary of his successful purchase and played 5-9-16-18-22 on another Carolina Cash 5 ticket. The numbers correspond to the letters in his nickname — Piper — and they won him a comfortable cash cushion in 2008.

But not this year. The odds were against him.

Slim chances, though, don't stop Wilson "Butch" Bottorf, another 2008 Carolina Cash 5 winner, from putting down at least a few dollars every day on a lottery ticket at the same Bryson City convenience store where he bought his big winner.

On Friday the 13th in June, 2008, Bottorf, a retired electrician, matched all five white balls and won the top prize of $429,792.

He has paid off his $80,000 mortgage and $30,000 in medical bills for his wife who died that year. He bought a new Dodge truck with special adaptations for his disabilities.

He spent $3,000 on a used convertible — a longtime dream. Bottorf, 66, also remodeled his house and paid off creditors, but he put most of his winnings in certificates of deposit and money market accounts.

"Believe it or not, no relative has come holding their hand out for money," Bottorf said.

But that's not always the case.

Walker, as spokeswoman for the N.C. Education Lottery, hears about a lot of phone disconnections among lottery winners.

"They're either bombarded with calls from people like the media or general public," Walker said, "and then I think they tend to be bombarded with sales propositions or charity requests."

Steve Granger, 56, of Henderson is a three-time lottery winner who knows about all the calls that come with instant success.

"I get calls, and I get cards from people. They want to know if I'm feeling lucky," Granger said.

As a three-time winner, Granger has developed a system that works for him. Although he sometimes plays in North Carolina, his winning tickets have come from Virginia. He watches the numbers for patterns, then buys multiple tickets when he thinks he sees trigger points.

"I get a feeling for them and then hope it's not heartburn," Granger said.

In September 2005, he won $900,000 in a Cash 5 drawing and took home about $600,000 after taxes. In April, playing a Pick 4 game, he won $90,800, and in May, again with Pick 4, he pulled in another $65,800.

"The odds are better in Virginia," Granger said.

Granger also knows the pitfalls that await lottery winners. Good luck can go bad fast, and a windfall can be blown in no time.

His life hasn't changed much since the first big win. He and his wife still work. They invest their winnings in the stock market and certificates of deposit with an eye toward a more comfortable retirement.

"This is just a hobby for me," Granger said. "If I win, great. You just have to be careful. You can't go in having to win."

Thanks to JordanT1021 for the tip.

Charlotte Observer

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

7 comments. Last comment 5 years ago by myturn.
Page 1 of 1
JAP69's avatar - Lottery-053.jpg
South Carolina
United States
Member #6
November 4, 2001
8492 Posts
Offline
Posted: July 14, 2009, 10:29 am - IP Logged

"I get a feeling for them and then hope it's not heartburn," Granger said.

Big Grin

Stats hunting: Type


    United States
    Member #65903
    October 10, 2008
    14 Posts
    Offline
    Posted: July 14, 2009, 12:34 pm - IP Logged

    "I get a feeling for them and then hope it's not heartburn," Granger said.

    Big Grin

    or diahria ;-)

      spy153's avatar - maren

      United States
      Member #28409
      December 15, 2005
      1198 Posts
      Offline
      Posted: July 14, 2009, 1:42 pm - IP Logged

      "The odds are better in Virginia," Granger said.

       

      I really, really hate to be disagreeable, but you can't tell it by me.

      voir-vous dans mes reves!Cool

        RJOh's avatar - chipmunk
        mid-Ohio
        United States
        Member #9
        March 24, 2001
        17728 Posts
        Offline
        Posted: July 14, 2009, 2:24 pm - IP Logged

        As a three-time winner, Granger has developed a system that works for him. Although he sometimes plays in North Carolina, his winning tickets have come from Virginia. He watches the numbers for patterns, then buys multiple tickets when he thinks he sees trigger points.

        I've read many times that there's nothing a lottery player can do to improve his odds of winning except buy more tickets.  Granger seem to have added "timing" to that theory but I have to wonder if buying multiple tickets every time he plays is more of a factor than timing.

        * you don't need more tickets * 
        * just the right ticket * 
           Wink 

          Todd's avatar - Cylon 2.gif
          Chief Bottle Washer
          New Jersey
          United States
          Member #1
          May 31, 2000
          21432 Posts
          Offline
          Posted: July 14, 2009, 2:28 pm - IP Logged

          As a three-time winner, Granger has developed a system that works for him. Although he sometimes plays in North Carolina, his winning tickets have come from Virginia. He watches the numbers for patterns, then buys multiple tickets when he thinks he sees trigger points.

          I've read many times that there's nothing a lottery player can do to improve his odds of winning except buy more tickets.  Granger seem to have added "timing" to that theory but I have to wonder if buying multiple tickets every time he plays is more of a factor than timing.

          I agree with that timing thing 100%, and I'll add knowing when to quit.

           

          Check the State Lottery Report Card
          What grade did your lottery earn?

           

          Sign the Petition for True Lottery Drawings
          Help eliminate computerized drawings!


            United States
            Member #77066
            July 13, 2009
            4 Posts
            Offline
            Posted: July 15, 2009, 2:00 am - IP Logged

            Many people fantasize about the lottery offering a one-way ticket to limitless leisure, to a life of big houses, fancy cars, lavish cruises, endless shopping sprees and a chance to snarl adios to a nagging boss.

            That lap of luxury lifestyle might be within reach if you win big, like Jeff Wilson of Kings Mountain did several weeks ago when he came forward with the Powerball ticket worth $88.1 million.

            Wilson, 27, a UNC-Charlotte alumnus who took the lump sum payment of $42.4 million, a cool $28.8 million after taxes, said at the time that he might buy a house, a car, a few fast boats, take a few friends to Hawaii and help put his nephew through school.

            Most of the state's lottery winners, though, get nowhere near the Powerball jackpot sum that Wilson did. Only one other person, Jackie Alston of Halifax, has won the jackpot since the game launched May 30, 2006. That $74.5 million win in November 2006 brought her a lump sum payment worth $28 million after taxes.

            In all, the lottery has paid out 11.14 million claims for Powerball for a total $260 million, according to Pam Walker, communications director for the North Carolina Education Lottery. Of those other winners, 150 have claimed prizes between $200,000 and $2 million.

            Carolina Cash 5, which launched May 30, 2006, has brought 11.5 million claims for payment of more than $71.9 million.

            One of those winners was Jeffrey Posey, 48, of Greensboro. On June 25, 2008, Posey won $191,250 in the Cash 5 drawing, and after taxes, he took home nearly $130,000.

            "That's pretty good," Posey said recently. "But it wasn't so much that it was going to change my life."

            Posey, who works in research and development at Lorillard Tobacco, paid off a few bills, bought a 2008 Mustang and spent a little more than he might have otherwise furnishing a new townhome. Most, he said, was socked away in interest-earning investments.

            With hopes of duplicating his good fortune, Posey went back to the same convenience store on the anniversary of his successful purchase and played 5-9-16-18-22 on another Carolina Cash 5 ticket. The numbers correspond to the letters in his nickname — Piper — and they won him a comfortable cash cushion in 2008.

            But not this year. The odds were against him.

            Slim chances, though, don't stop Wilson "Butch" Bottorf, another 2008 Carolina Cash 5 winner, from putting down at least a few dollars every day on a lottery ticket at the same Bryson City convenience store where he bought his big winner.

            On Friday the 13th in June, 2008, Bottorf, a retired electrician, matched all five white balls and won the top prize of $429,792.

            He has paid off his $80,000 mortgage and $30,000 in medical bills for his wife who died that year. He bought a new Dodge truck with special adaptations for his disabilities.

            He spent $3,000 on a used convertible — a longtime dream. Bottorf, 66, also remodeled his house and paid off creditors, but he put most of his winnings in certificates of deposit and money market accounts.

            "Believe it or not, no relative has come holding their hand out for money," Bottorf said.

            But that's not always the case.

            Walker, as spokeswoman for the N.C. Education Lottery, hears about a lot of phone disconnections among lottery winners.

            "They're either bombarded with calls from people like the media or general public," Walker said, "and then I think they tend to be bombarded with sales propositions or charity requests."

            Steve Granger, 56, of Henderson is a three-time lottery winner who knows about all the calls that come with instant success.

            "I get calls, and I get cards from people. They want to know if I'm feeling lucky," Granger said.

            As a three-time winner, Granger has developed a system that works for him. Although he sometimes plays in North Carolina, his winning tickets have come from Virginia. He watches the numbers for patterns, then buys multiple tickets when he thinks he sees trigger points.

            "I get a feeling for them and then hope it's not heartburn," Granger said.

            In September 2005, he won $900,000 in a Cash 5 drawing and took home about $600,000 after taxes. In April, playing a Pick 4 game, he won $90,800, and in May, again with Pick 4, he pulled in another $65,800.

            "The odds are better in Virginia," Granger said.

            Granger also knows the pitfalls that await lottery winners. Good luck can go bad fast, and a windfall can be blown in no time.

            His life hasn't changed much since the first big win. He and his wife still work. They invest their winnings in the stock market and certificates of deposit with an eye toward a more comfortable retirement.

            "This is just a hobby for me," Granger said. "If I win, great. You just have to be careful. You can't go in having to win."

            Thanks to JordanT1021 for the tip.

            Hi  what will you do with that much money ? I would buy some new things  and   then I would help  all my family  live the dream with   me  , I would not be   able  to  enjoy it if I couldn't share it with my family and friends and if I didn't give some to the  poor and to see the joy that would come from giving .But that 's me I guess  that's why  I'm  aways broke because  I  give  to every one around me /  It makes me happy to do nice things for others . CC2328 GOOD,LUCK ,ENJOY, AND BE WELL AND GIVE YOU CAN AFFORD IT ISN'T THAT NICE.????????

              Avatar
              Bondi Junction
              Australia
              Member #57242
              December 24, 2007
              459 Posts
              Offline
              Posted: July 15, 2009, 6:41 am - IP Logged

              Well all win with lotteries! We all benefit form the revenue raised, even people who choose not to participate benefit from lotteries.

              NSW lotteries has a slogan, "We all get a lot out of lotteries!"

              It is very true!