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Arizona man claims other half of record Powerball jackpot

Topic closed. 97 replies. Last post 2 years ago by Nikkicute.

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cbr$'s avatar - maren
Cordova,Al.
United States
Member #104485
January 15, 2011
466 Posts
Online
Posted: December 8, 2012, 11:57 am - IP Logged

Remains anonymous

Looming tax increases prompt hasty claim

Fallout from the looming fiscal cliff has drifted into the Powerball arena.

A man who lottery officials announced Friday has claimed his half of the $587.5 million Powerball jackpot, decided to collect the winnings now and not next year because of the financial uncertainty posed by the nation's ongoing financial impasse.

The man, who is in his 30s from a wealthy Phoenix suburb, decided to remain anonymous after he bought $10 worth of tickets and kept the winning slip in the visor of his car overnight before realizing he was a multimillionaire.

He gave $20 to the cashier of a Fountain Hills convenience store, and the clerk nudged him to spend the entire amount on tickets. He declined the offer.

After the man and his wife learned of their good fortune, the husband pulled together a team of financial advisers and decided to take all of his share this month to avoid potentially higher taxes in 2013, said Karen Bach, a lottery official.

"He did have concern with the uncertainty with the fiscal cliff in 2013," Bach said, referring to the federal fiscal situation that could result in higher income tax rates.

The man and his lawyer met with lottery officials Friday, and he opted to take the cash option of $192 million before taxes. Lottery officials said his wife owns half the prize because Arizona is a community property state.

"He and his wife couldn't believe it," Bach said. "They checked the numbers over and over again — absolutely shocked."

Bach said the man is smart and wants to take time to make a solid financial plan and set up a charitable entity to aid causes that he and his wife support. Lottery officials say the man told them he enjoys his job and has no immediate plans to quit.

The unidentified winner later issued a statement that said: "It is difficult to express just how thankful we are for this wonderful gift. We are extremely grateful and feel fortunate to now have an increased ability to support our charities and causes. Obviously, this has been incredibly overwhelming and we have always cherished our privacy."

The statement directed all inquiries to an Arizona law firm, which didn't immediately return a call after business hours Friday.

A mechanic and his wife, Mark and Cindy Hill, of Dearborn, Mo., already have claimed their half of the multistate Powerball prize.

The jackpot was the second-largest in U.S. history and set off a nationwide buying frenzy. At one point, tickets were selling at nearly 130,000 a minute.

Before the Nov. 28 drawing, the jackpot had rolled over 16 consecutive times without any winners. In a Mega Millions drawing in March, three ticket buyers shared a $656 million jackpot, the largest lottery payout of all time.

Lottery officials said the Arizona couple moved from Pennsylvania a year ago. While in Pennsylvania, the couple regularly played the lottery but had done so only twice since moving to Arizona, Bach said.

After realizing he had won, the man and his wife spent the weekend "trying to recover from the shock," Bach said.

Congrat's to the couple in Phoenix, Az., on their Powerball win. Smart move to save on the taxes.Dance

    Avatar
    NEW YORK
    United States
    Member #90537
    April 29, 2010
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    Posted: December 8, 2012, 12:17 pm - IP Logged

    My 30 lines did not pay off yesterday, but I will buy more today.......

    TIME IS MONEY.Buy a $10 powerball ticket today. Hey, you never know. You might win $1M.


      United States
      Member #116272
      September 7, 2011
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      Posted: December 8, 2012, 12:21 pm - IP Logged

      Nightline did a story that said only 60% of all combos were sold.

      60% gives the winning combination a BETTER than 50/50 chance........

        Avatar
        NEW YORK
        United States
        Member #90537
        April 29, 2010
        3306 Posts
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        Posted: December 8, 2012, 12:22 pm - IP Logged

        There were 66 winners of the second place prize of $1M and I haven't read a story about any of them collecting their winnings.  I suppose the only ones interested in them are their local tax man.

        Who cares about $1M prize winners after losing so much on powerball. Lol


          United States
          Member #116272
          September 7, 2011
          20244 Posts
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          Posted: December 8, 2012, 12:22 pm - IP Logged

          TIME IS MONEY.Buy a $10 powerball ticket today. Hey, you never know. You might win $1M.

          Don't waste your money on QPs....... Pick your own numbers.........

            Avatar
            NEW YORK
            United States
            Member #90537
            April 29, 2010
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            Posted: December 8, 2012, 12:24 pm - IP Logged

            60% gives the winning combination a BETTER than 50/50 chance........

            Are you saying that the chances of winning the powerball are 1 in 175 billions? I knew it. Lol


              United States
              Member #116272
              September 7, 2011
              20244 Posts
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              Posted: December 8, 2012, 12:28 pm - IP Logged

              Are you saying that the chances of winning the powerball are 1 in 175 billions? I knew it. Lol

              Yes Thrifty...... Those are the "overall odds".........

                Avatar
                NEW YORK
                United States
                Member #90537
                April 29, 2010
                3306 Posts
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                Posted: December 8, 2012, 12:49 pm - IP Logged

                Don't waste your money on QPs....... Pick your own numbers.........

                I will follow up on that. Lets hope that the lottery pick me up as the winner.

                  Avatar
                  NEW YORK
                  United States
                  Member #90537
                  April 29, 2010
                  3306 Posts
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                  Posted: December 8, 2012, 12:51 pm - IP Logged

                  Yes Thrifty...... Those are the "overall odds".........

                  They should publish the real odds of winning.lol


                    United States
                    Member #116272
                    September 7, 2011
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                    Posted: December 8, 2012, 12:52 pm - IP Logged

                    I will follow up on that. Lets hope that the lottery pick me up as the winner.

                    Its nice to dream that QPs have the same odds as chosen numbers, but your living a lie......

                      RJOh's avatar - chipmunk
                      mid-Ohio
                      United States
                      Member #9
                      March 24, 2001
                      17935 Posts
                      Online
                      Posted: December 8, 2012, 1:00 pm - IP Logged

                      Are you saying that the chances of winning the powerball are 1 in 175 billions? I knew it. Lol

                      There's a big difference between billions and millions.  The odds of winning a PB jackpot is a lot less than even  1:1 billions, it's 1:175 millions.

                       

                      possible combos of 5/59 + 1/35 numbers = 175223510
                      MATCH     ODDS
                      5/5+B   1 : 175223510
                      5/5+0   1 : 5153633
                      4/5+B   1 : 648976
                      4/5+0   1 : 19088
                      3/5+B   1 : 12245
                      3/5+0   1 : 360
                      2/5+B   1 : 706
                      1/5+B   1 : 111
                      0/5+B   1 : 55
                      ______________________________
                      overall odds 1 : 31.8

                      * you don't need more tickets, just the right ticket * 
                      * your best chance at winning a lottery jackpot is to buy a ticket * 
                           Wink 

                        Original Bey's avatar - Lottery-022.jpg

                        Bahamas
                        Member #133467
                        September 30, 2012
                        5462 Posts
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                        Posted: December 8, 2012, 1:03 pm - IP Logged

                        Its nice to dream that QPs have the same odds as chosen numbers, but your living a lie......

                        Green laugh

                        "Everything works  ONCE!"


                          United States
                          Member #116272
                          September 7, 2011
                          20244 Posts
                          Offline
                          Posted: December 8, 2012, 1:05 pm - IP Logged

                          There's a big difference between billions and millions.  The odds of winning a PB jackpot is a lot less than even  1:1 billions, it's 1:175 millions.

                           

                          possible combos of 5/59 + 1/35 numbers = 175223510
                          MATCH     ODDS
                          5/5+B   1 : 175223510
                          5/5+0   1 : 5153633
                          4/5+B   1 : 648976
                          4/5+0   1 : 19088
                          3/5+B   1 : 12245
                          3/5+0   1 : 360
                          2/5+B   1 : 706
                          1/5+B   1 : 111
                          0/5+B   1 : 55
                          ______________________________
                          overall odds 1 : 31.8

                          I like my 5/5+0 odds......... I will play the lottery today........


                            United States
                            Member #116272
                            September 7, 2011
                            20244 Posts
                            Offline
                            Posted: December 8, 2012, 1:06 pm - IP Logged

                            Green laugh

                                   Green laugh

                              RJOh's avatar - chipmunk
                              mid-Ohio
                              United States
                              Member #9
                              March 24, 2001
                              17935 Posts
                              Online
                              Posted: December 8, 2012, 1:26 pm - IP Logged

                              I like my 5/5+0 odds......... I will play the lottery today........

                              I don't like PB $2 ticket price but buying 10 for $20 gives you better odds of winning a millions dollars than any of those $20 new year raffle tickets most states are selling with a top prize of a million dollars.  And you'll know tonight if you've won a million dollars, no waiting 'til next year.

                              * you don't need more tickets, just the right ticket * 
                              * your best chance at winning a lottery jackpot is to buy a ticket * 
                                   Wink