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Eastern Time (GMT-5:00) | Mega Millions winner forced to split jackpot with co-workersnc United States Member #99550 October 26, 2010 192 Posts Offline | | Posted: March 15, 2012, 11:22 am - IP Logged | |
He could have saved himself a lot of grief by giving the numbers on the group tickets by email or by phone so that everyone in the group would have a copy of the numbers before the draws. That way, his own tickets were just that. Considering all his actions, I suspect that the right decision was probably made. | | |
usa United States Member #89225 April 2, 2010 2344 Posts Offline | | Posted: March 15, 2012, 11:40 am - IP Logged | |
He has probally spent his share already.. What a jerk.. cheating his friends... LOSER !!! | | |
new hampshire United States Member #54506 August 2, 2007 42 Posts Offline | | Posted: March 15, 2012, 1:30 pm - IP Logged | |
There's some bad math in this article or I'm just not getting it. If the guy took the cash option which was $24,000,000 after taxes and now has to split it six ways that would be $4,000,000 per person. While I understand there may be attorney fees why would they have to pay taxes on the $4,000,000 individual portions as the taxes were already paid on the $24,000,000. This must be wrong so I'll assume each guy is probably getting about $3,900,000 as it's not going to be over $500,000 for the five to have received reprsentation. Either way good for them and just another cautionary tale of why you don't get involved in a lotto pool. only 5 people not split with their lawyer. | | |
da bronx,city island,n.y. United States Member #30895 January 17, 2006 310 Posts Offline | | Posted: March 15, 2012, 1:30 pm - IP Logged | |
Keep it simple, buy your own tickets! Your so right "mightwin"...if you want to win just buy your own tickets .. The Mrs. and i would take a ride to R.I. to play powerball in the early 90's .We are from city island in bronx,n.y. ...people would always ask if we could pick you tickets for them ...Its just under three hour ride ..Ididn't want to be mean but i said come along for the ride .All of them said no.OK...Now in 1995 powerball comes to CT...We wouldtake a ride into CT. to around exit 40 or 41 on I95 the Christmas Tree store..Again people would say please pick up tickits for them .I said come for a ride .Ididn't even ask for gas money or anything .people just said no ..I know i got off the track a little but like "mightwin" said just buy your own tickets...I was in a lotto pool at work and it was all nothing but trouble..It got nuts..We were all from the maintenice department of a big hospital but the head of the pool kept adding people al the time ...He added the guy from the deli across the street from the hospital ..,the crossing guard lady from down the block, two ladys from the check cashing place next door ..So i opt out..Funny thing ..They hit for 5 grand and boy did the poop hit the fan ...Who didnt want to pay taxs ,Who wanted the annual payment...Well looks like i got out just in time.SORRY BUT I HATE LOTTO POOLS | | |
Orlando, FL United States Member #115805 August 28, 2011 259 Posts Offline | | Posted: March 15, 2012, 2:16 pm - IP Logged | |
 My point exactly!
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Bahamas
Member #114704
August 5, 2011
422 Posts
Offline
| | Posted: March 15, 2012, 2:25 pm - IP Logged | |
Your so right "mightwin"...if you want to win just buy your own tickets .. The Mrs. and i would take a ride to R.I. to play powerball in the early 90's .We are from city island in bronx,n.y. ...people would always ask if we could pick you tickets for them ...Its just under three hour ride ..Ididn't want to be mean but i said come along for the ride .All of them said no.OK...Now in 1995 powerball comes to CT...We wouldtake a ride into CT. to around exit 40 or 41 on I95 the Christmas Tree store..Again people would say please pick up tickits for them .I said come for a ride .Ididn't even ask for gas money or anything .people just said no ..I know i got off the track a little but like "mightwin" said just buy your own tickets...I was in a lotto pool at work and it was all nothing but trouble..It got nuts..We were all from the maintenice department of a big hospital but the head of the pool kept adding people al the time ...He added the guy from the deli across the street from the hospital ..,the crossing guard lady from down the block, two ladys from the check cashing place next door ..So i opt out..Funny thing ..They hit for 5 grand and boy did the poop hit the fan ...Who didnt want to pay taxs ,Who wanted the annual payment...Well looks like i got out just in time.SORRY BUT I HATE LOTTO POOLS All that RUCKUS over 5 grand so you can see why things get so hysterical over a JACKPOT. Heed the warning LP Members "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!" | | |
United States Member #13375 March 30, 2005 2171 Posts Offline | | Posted: March 15, 2012, 2:31 pm - IP Logged | |
Your so right "mightwin"...if you want to win just buy your own tickets .. The Mrs. and i would take a ride to R.I. to play powerball in the early 90's .We are from city island in bronx,n.y. ...people would always ask if we could pick you tickets for them ...Its just under three hour ride ..Ididn't want to be mean but i said come along for the ride .All of them said no.OK...Now in 1995 powerball comes to CT...We wouldtake a ride into CT. to around exit 40 or 41 on I95 the Christmas Tree store..Again people would say please pick up tickits for them .I said come for a ride .Ididn't even ask for gas money or anything .people just said no ..I know i got off the track a little but like "mightwin" said just buy your own tickets...I was in a lotto pool at work and it was all nothing but trouble..It got nuts..We were all from the maintenice department of a big hospital but the head of the pool kept adding people al the time ...He added the guy from the deli across the street from the hospital ..,the crossing guard lady from down the block, two ladys from the check cashing place next door ..So i opt out..Funny thing ..They hit for 5 grand and boy did the poop hit the fan ...Who didnt want to pay taxs ,Who wanted the annual payment...Well looks like i got out just in time.SORRY BUT I HATE LOTTO POOLS Annual payment on 5 grand?? Not 5 million?  I think once a pool gets near a dozen, 2 dozen max, it's time to break it into 2 smaller groups. A JP divided by 40-50 people isn't going to be much fun, plus you know the manager of that pool would spend way too much time on paper pushing ... if they're doing things right. In neo-conned Amerika, bank robs you.
Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency. | | |
mid-Ohio United States Member #9 March 24, 2001 15947 Posts Offline | | Posted: March 15, 2012, 2:58 pm - IP Logged | |
Your so right "mightwin"...if you want to win just buy your own tickets .. The Mrs. and i would take a ride to R.I. to play powerball in the early 90's .We are from city island in bronx,n.y. ...people would always ask if we could pick you tickets for them ...Its just under three hour ride ..Ididn't want to be mean but i said come along for the ride .All of them said no.OK...Now in 1995 powerball comes to CT...We wouldtake a ride into CT. to around exit 40 or 41 on I95 the Christmas Tree store..Again people would say please pick up tickits for them .I said come for a ride .Ididn't even ask for gas money or anything .people just said no ..I know i got off the track a little but like "mightwin" said just buy your own tickets...I was in a lotto pool at work and it was all nothing but trouble..It got nuts..We were all from the maintenice department of a big hospital but the head of the pool kept adding people al the time ...He added the guy from the deli across the street from the hospital ..,the crossing guard lady from down the block, two ladys from the check cashing place next door ..So i opt out..Funny thing ..They hit for 5 grand and boy did the poop hit the fan ...Who didnt want to pay taxs ,Who wanted the annual payment...Well looks like i got out just in time.SORRY BUT I HATE LOTTO POOLS I was in a pool of 20 co-workers before I retired and played the Ohio Super Lotto. We matched 5of6 for $1500 three times and had the same problem about taxes since the player claiming the prize had to pay the taxes. We settled that problem by paying a member's kid attending college and earning too little to pay taxes to cash our winning tickets. They not only got what we paid them but a refund of the taxes deducted when they cashed our ticket. * The fundamentals of winning a lottery jackpot *
* play a lottery you can win *
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egg harbor twp.south jersey shore United States Member #112990 June 29, 2011 2499 Posts Online | | Posted: March 15, 2012, 3:05 pm - IP Logged | |
I was in a pool of 20 co-workers before I retired and played the Ohio Super Lotto. We matched 5of6 for $1500 three times and had the same problem about taxes since the player claiming the prize had to pay the taxes. We settled that problem by paying a member's kid attending college and earning too little to pay taxes to cash our winning tickets. They not only got what we paid them but a refund of the taxes deducted when they cashed our ticket. Very smart ! Extraordinary Popular Delusions & the Madness of Crowds -- Charles Mackay LL.D. | | |
NY United States Member #24178 October 16, 2005 2535 Posts Offline | | Posted: March 15, 2012, 3:09 pm - IP Logged | |
Here's the useful quote from the article: "The case ... marked the latest cautionary tale involving lottery pools, pacts often based on trust and a handshake. The lesson from this is that contracts should be in writing, and they should be written by somebody who's not an idiot. Despite some hassles along the way there are at least 5 players who wouldn't have "won" if they hadn't been in a pool. I put "won" in quotation marks because there's only one person who really knows if the winning ticket was originally intended for the pool or if it really was Lopes' personal ticket. Either way, they got the money as a result of playing in a pool. A written contract could have easily spelled out the rules and made it obvious wheter the ticket was personal or for the pool. That might have let Lopes keep it all, and it would almost certainly have saved them all the legal fees. | | |
United States Member #122248 January 27, 2012 161 Posts Offline | | Posted: March 15, 2012, 3:13 pm - IP Logged | |
A few years back there were on average about 13 to 16 of us in the clinic I worked in at the time that used to pool our money together when PB and MM would get close to $200M. I was usually one of the two people that would go around and collect money from participants, obtaining signatures along with the amount of money that they wanted to bet. Most we ever won was around $17 lol, but it was still a fun project to work on and I am sure as hell glad that we never won the jackpot... because in truth we would have been ill prepared to deal with the win.
If we won, what about the player that played the week before, but did not place a bet this week because of illness or vacation? Looking back, I think we should have included them, regardless of missing a bet. Personally I had planned to give everyone in the pool $1 Million each if my personal set of numbers won, but how would I have felt if someone else from the pool had won with their own set of numbers and not offered to share with the others? Not happy, but at the same time it is well within their right to do with their money as they please.
In the past, I would have done things far differently and established a clear set of rules that every participant would agree on and sign before entering the pool, I would have even gone as far to get the document stamped by a Public Notary. Knowing what I know now, I probably will never enter into another lottery pool, seems like too much of a headache if your group wins. For now I just play my own sets of numbers and I don't promise anyone anything if I win. Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same. ~Ronald Reagan "None are more hopelessly enslaved than those who falsely believe they are free." ~Wolfgang von Goethe "It's preferable to be harmlessly paranoid than fatally stupid." ~Anonymous | | |
Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12433 Posts Offline | | Posted: March 15, 2012, 3:19 pm - IP Logged | |
I bought my own Mega Millions ticket last nite. $3 on quick picks .....................  Grey Violet is goooooooooooood! I just have to share it with my non-estranged wife!  They used to call that purple. I'll never forget old whats-his-name...
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Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12433 Posts Offline | | Posted: March 15, 2012, 3:32 pm - IP Logged | |
Exactamundo! Pools are a hassle and compared to individuals, they rarely win. Another problem is you're usually in the pool with a bunch of tightwad skinflints and miserly cheapskates who pinch pennies so hard they have Lincoln spinning in his grave in agony. That's the kind of people pools attract. And you know what happens when one of those tightwads misses a drawing and the pool wins - it's sleazy lawyer time. Avoid pools just like you'd avoid the cheapskates that like them. I'll never forget old whats-his-name...
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S.E.Iowa United States Member #120520 December 21, 2011 534 Posts Offline | | Posted: March 15, 2012, 3:48 pm - IP Logged | |
Exactamundo! Pools are a hassle and compared to individuals, they rarely win. Another problem is you're usually in the pool with a bunch of tightwad skinflints and miserly cheapskates who pinch pennies so hard they have Lincoln spinning in his grave in agony. That's the kind of people pools attract. And you know what happens when one of those tightwads misses a drawing and the pool wins - it's sleazy lawyer time. Avoid pools just like you'd avoid the cheapskates that like them. Good advise,rdgrnr.I couldn't have said it any better,myself. When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow There ought to be one day - just one - when there is open season on senators. ~Will Rogers | | |
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