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Powerball lottery winnings to educate kids, fund parents' honeymoon

PowerballPowerball: Powerball lottery winnings to educate kids, fund parents' honeymoon

Jay and Lory Schabo of Center, Wisconsin, said their life will not change that much after winning a $853,492 Match 5 Bonus Prize in the October 19th Powerball drawing.

It means college money for their three children and a honeymoon they never had a chance to celebrate when they were married 15 years ago.

"We're going to take care of our kids," Lory Schabo told reporters Tuesday, clearly nervous under the glare of television lights. "We're going back to our normal lives. We're quiet people."

There was confusion in their home that night, when the Powerball numbers were broadcast at 10 p.m. Their 13-year-old daughter was the only one paying attention. Jay said he bought the tickets in part because his daughter liked to fantasize about winning and keep track of the numbers.

"Actually, I was half asleep at 10 o'clock," he said. "I go to work at 7. I heard her start screaming. I said, 'What's going on?' She said we won $100.

"Then my son came in and said let me see the ticket. He said, 'No, look at the back, you won $200,000.'"

Then their other son, in college in Milwaukee, told them on the phone about the Match 5 Bonus Prize.

"I went to work the very next day," Jay Schabo said. "I thought, 'Oh gosh, I don't know what to do with all this.'"

Michael Edmonds, director of the Wisconsin Lottery, presented the couple with a mock check for $850,000 Tuesday morning at the Northsider Citgo where Jay Schabo purchased the winning Powerball ticket last Wednesday on his way home from work. He pointed out they missed the $340 million prize by one number.

After taxes, the Schabos will take home $582,508.29.

When they were married, Jay Schabo's father was ill and Jay had to help on the farm for the next few weeks while working his regular job. Now Jay and Lory are thinking they can afford a real honeymoon.

"She always wanted to see the lights of Las Vegas," Jay said of his wife.

He'll keep going to work, he said. Their oldest son is acting as their adviser and setting them up with a professional money manager.

Jay said with the winnings, he might not have to budget so carefully to replace cars or appliances when they break.

"But I'll probably still fix it myself," he said.

The Schabos bought their ticket at the Northsider Citgo, 5208 N. Richmond St. It was one of 49 that matched all five numbers in last Wednesday's drawing but not the power ball number of 29.

Normally, matching the five numbers would have netted the couple $200,000, but for the first time in Powerball history, the Match 5 Bonus Prize feature kicked in to more than quadruple their winnings.

The bonus pool was designed to provide more players with the opportunity to share in large, record-breaking jackpots. By the time Schabos bought their ticket, the jackpot had grown to $340 million and the Match 5 Bonus Prize Pool had risen to $32 million.

Powerball officials divided $32 million by 49, came up with $853,492, and started cutting checks.

Steve Rosek, owner of Northsider Citgo, received a commission check for $17,069 for selling the winning ticket. He said he planned to invest the money in his business.

Gannett

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7 comments. Last comment 11 years ago by CASH Only.
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Avatar
Sparta, NJ
United States
Member #18331
July 9, 2005
1977 Posts
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Posted: October 26, 2005, 10:40 am - IP Logged

Nice story. Good family ties. Mature view on life and priorities.

Cheers

|||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

I only trust myself - and that's a questionable choice

    mt7895's avatar - kanji for_peace.jpg
    New Member

    United States
    Member #4397
    April 21, 2004
    21 Posts
    Offline
    Posted: October 26, 2005, 10:52 am - IP Logged

    Nice story. Good family ties. Mature view on life and priorities.

    I Agree!

     

    A well deserved win for a well deserving family.  ... Wink

     


    Bed  Coffee    ok, back to reality.  gotta drink my java and head out to ... "groan" .... WORK.

    Every Wednsday and Saturday, hoping and wishing my dream would come true....  No Pity! 

      bellyache's avatar - 64x64a9wg

      United States
      Member #12618
      March 18, 2005
      2060 Posts
      Offline
      Posted: October 26, 2005, 12:18 pm - IP Logged

      I like reading stories like this. =)

      Dance like no one is watching.

        Avatar
        Coastal Georgia
        United States
        Member #2653
        October 30, 2003
        1866 Posts
        Offline
        Posted: October 26, 2005, 5:00 pm - IP Logged

        Very smart-

        Are you listening, Mr. West ?

         

        DD

          fja's avatar - gnome1

          United States
          Member #91
          January 19, 2002
          11927 Posts
          Offline
          Posted: October 28, 2005, 9:47 am - IP Logged

          Anybody ever remember a program called "The Millionaire"? It takes alot of work to not change after recieving a large amount of money......Hope it works out well for them.

            Avatar
            Sparta, NJ
            United States
            Member #18331
            July 9, 2005
            1977 Posts
            Offline
            Posted: October 28, 2005, 12:57 pm - IP Logged

            Anybody ever remember a program called "The Millionaire"? It takes alot of work to not change after recieving a large amount of money......Hope it works out well for them.

            "The Millionaire" is a show unfairly forgotten, today; as popular in it's time as "Queen for a Day", "Private Secretary", and "Our Miss Brooks", it offered a premise that would serve as an inspiration for series as varied as "Magnum P.I,", "Fantasy Island", "Stairway to Heaven", and the current 'Reality TV' craze; top-notch casts in half-hour morality tales; and 'common sense' resolutions that would keep it an audience favorite for five seasons.

            Produced for CBS by Don Fedderson Productions (who would also give America "My Three Sons" and "Family Affair"), an unseen millionaire (with obviously WAY too much free time), John Beresford Tipton (voiced by one of TV and film's best-known voice actors, Paul Frees), would dispatch his associate, the ever put-upon Michael Anthony (Marvin Miller, in his best-known role), carrying a tax-free cashier's check for a million dollars, made out to 'random' individuals, on condition that they never attempt to discover who sent it, or reveal where the money came from, except to their husband or wife.

            With the frequently bemused Anthony as an observer, the new millionaires would run the gamut of possible scenarios, discovering, ultimately, that money can't buy happiness, but CAN provide a half-hour of frequently engrossing drama. Each episode would generally end with Anthony summarizing the recipient's 'lesson learned' to a satisfied Tipton.

            With casts often featuring future 'stars', the series was wise without ever being overly 'preachy', with good direction and strong production values. Frequently lampooned by comedy shows of the period, "The Millionaire" ultimately would have the last laugh, outlasting most of them.

            While an attempt to 'reinvent' the show would fail, in 1978, the original certainly qualifies as a TV 'classic'...

            Cheers

            |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

            I only trust myself - and that's a questionable choice


              United States
              Member #379
              June 5, 2002
              11296 Posts
              Offline
              Posted: October 29, 2005, 11:30 am - IP Logged

              Anybody ever remember a program called "The Millionaire"? It takes alot of work to not change after recieving a large amount of money......Hope it works out well for them.

              "The Millionaire" is a show unfairly forgotten, today; as popular in it's time as "Queen for a Day", "Private Secretary", and "Our Miss Brooks", it offered a premise that would serve as an inspiration for series as varied as "Magnum P.I,", "Fantasy Island", "Stairway to Heaven", and the current 'Reality TV' craze; top-notch casts in half-hour morality tales; and 'common sense' resolutions that would keep it an audience favorite for five seasons.

              Produced for CBS by Don Fedderson Productions (who would also give America "My Three Sons" and "Family Affair"), an unseen millionaire (with obviously WAY too much free time), John Beresford Tipton (voiced by one of TV and film's best-known voice actors, Paul Frees), would dispatch his associate, the ever put-upon Michael Anthony (Marvin Miller, in his best-known role), carrying a tax-free cashier's check for a million dollars, made out to 'random' individuals, on condition that they never attempt to discover who sent it, or reveal where the money came from, except to their husband or wife.

              With the frequently bemused Anthony as an observer, the new millionaires would run the gamut of possible scenarios, discovering, ultimately, that money can't buy happiness, but CAN provide a half-hour of frequently engrossing drama. Each episode would generally end with Anthony summarizing the recipient's 'lesson learned' to a satisfied Tipton.

              With casts often featuring future 'stars', the series was wise without ever being overly 'preachy', with good direction and strong production values. Frequently lampooned by comedy shows of the period, "The Millionaire" ultimately would have the last laugh, outlasting most of them.

              While an attempt to 'reinvent' the show would fail, in 1978, the original certainly qualifies as a TV 'classic'...

              An update of the show would have to be called "The Billionaire" to get good ratings...