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New Mexico Lottery still looking for $93 million Powerball winner

PowerballPowerball: New Mexico Lottery still looking for $93 million Powerball winner

New Mexico Lottery officials have announced that Wednesday night's $93.4 million winning Powerball ticket was sold at a retailer in the metropolitan Albuquerque area.

Additional information about the retailer is not being released at this time.

No one claiming the prize had come to Lottery headquarters in Albuquerque by the time offices closed for the weekend late Friday afternoon.

Additionally, no credible calls were received from an individual or individuals claiming to have the winning ticket. The Lottery claim center re-opens Monday morning at 8:30.

"It is not unusual for large winners in New Mexico and elsewhere to take their time before claiming a prize," said Lottery CEO Tom Shaheen. "We hope that our Powerball jackpot winner is using this time to seek professional legal and financial guidance before calling us to make an appointment and come in."

This is the New Mexico Lottery's third winning Powerball jackpot. If claimed by an individual, the $93.4 million annuitized jackpot or the $52.2 million lump sum would be the Lottery's second-largest prize.

As part of the New Mexico Lottery's retailers' incentive program, retailers selling Powerball jackpots are eligible to receive a $50,000 bonus.

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26 comments. Last comment 11 years ago by libra926.
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New Mexico
United States
Member #12305
March 10, 2005
2984 Posts
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Posted: August 12, 2005, 11:05 pm - IP Logged

This is the New Mexico Lottery's third winning Powerball jackpot. If claimed by an individual, the $93.4 million annuitized jackpot or the $52.2 million lump sum would be the Lottery's second-largest prize.

Which ain't quite accurate.  If the person takes the lump sum the actual amount will be $36 million after the State and US taxes are confiscated before the payment is made.

Jack

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19817 Posts
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    Posted: August 12, 2005, 11:08 pm - IP Logged

    I would guess they not only checked their ticket, but are now checking their options before making their claim.  Once they make their claim, they are going to have to deal with all the people who will want to give them some bad advice.

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking       

      Avatar
      New Mexico
      United States
      Member #12305
      March 10, 2005
      2984 Posts
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      Posted: August 12, 2005, 11:14 pm - IP Logged

      The people who might be qualified to give them 'good' advice probably aren't handing it out.  The professional advice-giving legions aren't necessarily a fountainhead of un-biased suggestions devoid of motives involving getting some of that win for themselves.

      Jack

      Absorb the good, ignore the bad, weigh the ugly.

      It's about number behavior.

      Egos don't count.

       

      Dedicated to the memory of Big Loooser

       

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
        New Jersey
        United States
        Member #1
        May 31, 2000
        23260 Posts
        Online
        Posted: August 12, 2005, 11:25 pm - IP Logged

        This is the New Mexico Lottery's third winning Powerball jackpot. If claimed by an individual, the $93.4 million annuitized jackpot or the $52.2 million lump sum would be the Lottery's second-largest prize.

        Which ain't quite accurate.  If the person takes the lump sum the actual amount will be $36 million after the State and US taxes are confiscated before the payment is made.

        Jack

        I understand your recent series of complaints about this, but that's been a fact about how jackpots are measured for many years now.

        Your argument is like saying that when someone who makes $100,000 in their job goes to apply for a mortgage, they should not be allowed to tell the bank that they make $100,000, because the government takes out 32% in taxes, plus the state takes another 7%.

        Oh, and then they decide to have deductions for medical insurance and a 401K plan, another $300 per month, so they should only be allowed to say they make $57,400 per year, and they are lying if they claim to make $100,000.

        Just because the government takes taxes doesn't mean that they didn't actually win the amount that was taken out.

        Just because they decide to take the cash option does not mean that they did not actually win the full jackpot, because it was their choice to take the present cash value, rather than the full annuitized amount.

        If they did not make that choice, then they would receive the full amount promised.

        For these significant reasons, I do not agree with your position on jackpot amounts.

         

         

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          Avatar
          New Mexico
          United States
          Member #12305
          March 10, 2005
          2984 Posts
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          Posted: August 12, 2005, 11:31 pm - IP Logged

          We'll have to agree to disagree on this one, Todd. 

          If they want to advertise the jackpot amount, they could as easily say, $55 million ($93 if you let us keep it for you).  They don't .  They call it a $93 million jackpot, $40 odd million of which doesn't exist today.  Won't exist unless they draw the interest they predict.

          A person can't raffle off a horse that he plans to buy with the proceeds he gets from the raffle.  It's illegal.

          Seems to me there's not much difference here.

          Jack 

          Absorb the good, ignore the bad, weigh the ugly.

          It's about number behavior.

          Egos don't count.

           

          Dedicated to the memory of Big Loooser

           

            Todd's avatar - Cylon 2.gif
            Chief Bottle Washer
            New Jersey
            United States
            Member #1
            May 31, 2000
            23260 Posts
            Online
            Posted: August 12, 2005, 11:44 pm - IP Logged

            In my example above, you also don't make your $100,000 until the year is over, even though you claim to make $100,000.  IMHO, it's just basic financials, and totally above-board, although I can certainly see how people could feel how you do. 

            I personlly have no problem with the way they advertise the jackpot, because they naturally want to put the best spin on it.  However, I do like the UK Lotto and Euro Millions prizes better, because they are all cash, with no taxes taken out.

             

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

             

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

              Avatar
              Redmond WA
              United States
              Member #5966
              July 29, 2004
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              Posted: August 13, 2005, 12:13 am - IP Logged

               

              Todd,

              You need to also mention Canada where their jackpots are lump sum and

              tax free.

              You also get your money within a couple of hours of claiming it instead of

              a couple of weeks in the US.

              You should be able to get your money that day or the next since all tickets

              are bought with cash.

              Why let the states collect interest for 2 weeks?

               

              Mike


                United States
                Member #16612
                June 2, 2005
                3493 Posts
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                Posted: August 13, 2005, 12:42 am - IP Logged

                When someone in NM does have the winning ticket, I hope it comes soon. What would happen if NM's winning ticket isn't claimed? How long will it take before the ticket expired?

                  LOTTOMIKE's avatar - cash money.jpg
                  Tennessee
                  United States
                  Member #7853
                  October 15, 2004
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                  Posted: August 13, 2005, 12:49 am - IP Logged

                  in most states you have 180 days to claim your prize.as far as it not being claimed i think they put it into whatever state program thats being funded....

                    DoctorEw220's avatar - alien helmet.jpg
                    Yinzer Country, PA
                    United States
                    Member #4067
                    March 18, 2004
                    2741 Posts
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                    Posted: August 13, 2005, 1:28 am - IP Logged

                    not the whole jackpot. each amount is returned to the state, and the state does whatever it wants with it.

                    I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

                      LOTTOMIKE's avatar - cash money.jpg
                      Tennessee
                      United States
                      Member #7853
                      October 15, 2004
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                      Posted: August 13, 2005, 1:35 am - IP Logged

                      not the whole jackpot. each amount is returned to the state, and the state does whatever it wants with it.

                      that would be quite a bit of money for the state to just do whatever they wanted with it.what would a state do with a big chunk of cash like that?

                        Avatar
                        New Mexico
                        United States
                        Member #12305
                        March 10, 2005
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                        Posted: August 13, 2005, 6:23 am - IP Logged

                        not the whole jackpot. each amount is returned to the state, and the state does whatever it wants with it.

                        that would be quite a bit of money for the state to just do whatever they wanted with it.what would a state do with a big chunk of cash like that?

                        Not all that much, really. 

                         Probably give themselves a few raises over in the lottery authority, hire a few cops and prosecutors to keep other folks from doing what they're doing, first thing you know it's all gone.

                        Never was a lot, however.  Never was 93 million.

                        Jack

                        Absorb the good, ignore the bad, weigh the ugly.

                        It's about number behavior.

                        Egos don't count.

                         

                        Dedicated to the memory of Big Loooser

                         

                          Avatar
                          New Mexico
                          United States
                          Member #12305
                          March 10, 2005
                          2984 Posts
                          Offline
                          Posted: August 13, 2005, 6:39 am - IP Logged

                          I begin to understand why people don't buy tickets for Powerball unless the jackpots have rolled enough to get some bulk to the cash prize.

                          Win a $10 million dollar jackpot in New Mexico, you'd end up with a candy-bar, a coke, a bag of potato chips and enough left over to buy a lottery ticket.

                          A person might well come out better with the five white ball bonus and the multiplier, rather than winning the jackpot.  Might do so in other States, as well.

                          Jack

                          Absorb the good, ignore the bad, weigh the ugly.

                          It's about number behavior.

                          Egos don't count.

                           

                          Dedicated to the memory of Big Loooser

                           

                            Todd's avatar - Cylon 2.gif
                            Chief Bottle Washer
                            New Jersey
                            United States
                            Member #1
                            May 31, 2000
                            23260 Posts
                            Online
                            Posted: August 13, 2005, 7:17 am - IP Logged

                            in most states you have 180 days to claim your prize.as far as it not being claimed i think they put it into whatever state program thats being funded....

                            New Mexico is the only state I know of with only 90 days to claim your prize.

                            If you want Powerball info for all the different states, including this topic, USA Mega is the best place to find it.  (The Ways To Win page has this particular answer.)

                             

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

                             

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