Enough money for two lifetimes
By Kate Northrop
An Oregon man is set for two lifetimes over after winning the top prize twice in the Oregon Lottery's Win for Life draw game.
Zane Collins of Brookings is a double-lucky lottery winner who usually plays the odds twice each time. His uncommon strategy has paid off to the tune of $2,000 a week for the rest of his life.
"I thought that if I win once, it's way better to win twice," Collins told the Lottery when he claimed his prize at Lottery headquarters in Salem on July 29.
According to the Lottery, he plays the state's Win for Life game regularly and will normally buy two tickets with the same numbers for each drawing.
"I've had friends jokingly tell me not to get in a raffle or other drawings so they could win," Collins quipped.
Rather than take the lump sum cash option, Collins chose to receive his identical prizes as annuities. After taxes are withheld, he'll collect two checks a year for the rest of his life totaling nearly $70,000.
The winner said he'll use the winnings to help his two daughters with their nursing school expenses.
Since the game's launch in 2009, Collins is the 47th top prize winner of $1,000 a week for life in Win for Life. The odds of matching all four numbers in the Win for Life top prize set are about 1 in 1.35 million.
Double Congrats to the Winner!
Wow.....winning once is hard. Winning twice is almost impossible. I can understand taking the lifetime payment on the first one, but on the second win I would have took the lump sum option. That would have taken care of his daughter's medical school expenses right away, and they would not have to worry about it later. Congrats to him and his family, great double win!
Be careful with New York's pick 10 game if you hit the jackpot multiple times they won't pay you.
Almost speechless on this great win X 2.
I wish him well in his future. If I won a large jackpot, I'd probably do the annuity because it's easier to manage smaller amounts of money over time than it is to manage big amounts.
Double Awesome!!! Congratulations 😊😊😊🤑🤑🤑🤑
Not surprised. They'll definitely pay the winner something, but it will be a lot less than what the winner expects to be paid. I'm sure they have something in the Pick10 official rules about playing the same line multiple times and what they can do if a player wins a jackpot multiple times.
I'm wondering if the same holds true with MegaMillions and PowerBall. I play the same set of five numbers multiple times on one ticket. Will MUSL do the same thing and refuse to pay what I think they should? G5
I am thinkin' it's Weshar75 and he's just claiming to be from Mcminnville, instead of Brookings, to throw us off track.
Hmmm.
Maybeeee.
..l confess CD, whenever someone from Oregon wins anything substantial, my immediate thought is: Weshar75 finally pulled it off.
"Rather than take the lump sum cash option, Collins chose to receive his identical prizes as annuities."
I checked the rules at
https://secure.sos.state.or.us/oard/viewSingleRule.action?ruleVrsnRsn=244104
And there doesn't seem to be a "ump sum cash option".
If I'm missing something, can someone point out what the lump sum option is equal to? (I'm curious)
Best ai can see is a guaranteed minimum payout of $260k total over the first 5 years (If someone dies in the first 5 years, their estate gets the value of the balance of payouts they would have received if they had lived at least 5 years after payouts start)
Lotteries typically provide a lump-sum cash option for every game/prize that is awarded as annuity. It is equal to the amount of cash needed to fund the annuity. If you can't locate the cash option on a particular game, the lottery should be able to tell you what it is if you write to them.