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Student wins lottery, leaves school

InternationalInternational: Student wins lottery, leaves school

A college student withdrew from school after winning the 5 million yuan ($683,000) jackpot in a lottery in China's eastern city of Nanjing, local media reported on Thursday.

The second-year student at the Jiangsu Maritime Institute, identified by the nickname Yong to protect his identity, was the sole first-prize winner in the "Double Color Ball" issued by the China Welfare Lottery on Tuesday, the Beijing News said.

"After winning the lottery, Yong told his roommates that he would share 2,000 yuan with each of them," it added.

Yong informed school authorities of his winnings, and had returned home.

"We are not sure if he will return to school, but we hope he will eventually finish his education," the paper quoted Yong's teacher as saying.

The Communist Party abolished lotteries in China after taking power in 1949, denouncing them as a practice of decadent capitalists. But the country launched state-run lotteries in 1987 amid market-oriented reforms.

Lotteries have become increasingly popular both among the poor and the newly rich in China, where many forms of gambling are banned. Per capita income in China's urban areas is roughly $1,900 a year and about $600 a year in rural areas.

Lottery-related crimes have been on the rise as well, and underground lottery schemes have become rampant across the country in recent years, bankrupting many families.

Last month, China set up its first help center for lottery addicts, offering counseling and legal assistance.

Reuters

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18 comments. Last comment 9 years ago by Tenaj.
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United States
Member #10720
January 23, 2005
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Posted: December 30, 2007, 12:12 pm - IP Logged

I keep forgetting that Red China has a Lottery. Why is it called the Welfare Lottery? Meantime, only 6 or so miles away from here, someone won Mega Millions, and other than seeing the jackpot reset and a brief article in the local Paper the day after, you would have no idea, nor is there any information anywhere if any one came forward yet or who it is. Even at the store itself there are no banners up, no news reporters camped out, and it is eerily quiet there.

    MissNYC's avatar - diva
    Westchester, New York
    United States
    Member #49345
    January 27, 2007
    168 Posts
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    Posted: December 30, 2007, 1:10 pm - IP Logged

    That really is not enough money to retire on...I wonder if he'll regret that.

    "If you just keep believing, that dream that you wish will come true"

    Bed

     

      MissNYC's avatar - diva
      Westchester, New York
      United States
      Member #49345
      January 27, 2007
      168 Posts
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      Posted: December 30, 2007, 1:11 pm - IP Logged

      I keep forgetting that Red China has a Lottery. Why is it called the Welfare Lottery? Meantime, only 6 or so miles away from here, someone won Mega Millions, and other than seeing the jackpot reset and a brief article in the local Paper the day after, you would have no idea, nor is there any information anywhere if any one came forward yet or who it is. Even at the store itself there are no banners up, no news reporters camped out, and it is eerily quiet there.

      Are you talking about the last Mega Millions jackpot where there were two winners? I think it's kinda weird also that no one has come forward yet.

      "If you just keep believing, that dream that you wish will come true"

      Bed

       

        fwlawrence's avatar - Yavill
        Austin
        United States
        Member #9378
        December 6, 2004
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        Posted: December 30, 2007, 1:17 pm - IP Logged

        It is if you live in China. What does the average Chinese make-less than $1000 a year?

          Avatar
          NY
          United States
          Member #23835
          October 16, 2005
          3474 Posts
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          Posted: December 30, 2007, 1:29 pm - IP Logged

          That really is not enough money to retire on...I wonder if he'll regret that.

          This is in China and the article said the per capita income in urban areas is $1900 a year, and less in rural areas? He'd probably regret it if he moved to the US and thought he could live the rest of his life on that, but it appears to be more than enough to be reired in China. Of course there was nothing inth earticle to indicate that he has any plans to retire or skip a colege education.

            time*treat's avatar - radar

            United States
            Member #13130
            March 30, 2005
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            Posted: December 30, 2007, 1:32 pm - IP Logged

            It is if you live in China. What does the average Chinese make-less than $1000 a year?

            Per capita income in China's urban areas is roughly $1,900 a year and about $600 a year in rural areas.

            This guy isn't stupid. He was smart enough to get into school. He's not going to just live on the winnings, he's going to buy a few nice factories and start churning out goods & toys for foreign companies. Well on his way to being a multi-millionaire (in any currency) in a few years.   

            In neo-conned Amerika, bank robs you.
            Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

              tntea's avatar - Lottery-059.jpg

              United States
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              June 30, 2004
              23641 Posts
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              Posted: December 30, 2007, 8:28 pm - IP Logged

              What a sad story!

                   OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

                time*treat's avatar - radar

                United States
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                March 30, 2005
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                Posted: December 30, 2007, 8:41 pm - IP Logged

                5 million yuan ($683,000) / Per capita income in China's urban areas (of) roughly $1,900 a year = 359.47 years income.

                Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon?

                In neo-conned Amerika, bank robs you.
                Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

                  tntea's avatar - Lottery-059.jpg

                  United States
                  Member #5344
                  June 30, 2004
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                  Posted: December 31, 2007, 4:39 pm - IP Logged

                  5 million yuan ($683,000) / Per capita income in China's urban areas (of) roughly $1,900 a year = 359.47 years income.

                  Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon?

                  Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon?

                   

                  Yes... without an education.. What a waste to throw away.

                       OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

                    LuckyLilly's avatar - savy chick.png

                    United States
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                    February 26, 2007
                    601 Posts
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                    Posted: December 31, 2007, 5:22 pm - IP Logged

                    Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon?

                     

                    Yes... without an education.. What a waste to throw away.

                    I don't have an "education" but I'm not stupid.  I, for one, would not be broke if I won 300X my 2007 income.  There are plenty of people who have no formal education beyond high school and do quite well in life, and in business.  And plenty of people with advanced degrees who act like dumb asses.

                      tntea's avatar - Lottery-059.jpg

                      United States
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                      Posted: January 1, 2008, 8:39 pm - IP Logged

                      I don't have an "education" but I'm not stupid.  I, for one, would not be broke if I won 300X my 2007 income.  There are plenty of people who have no formal education beyond high school and do quite well in life, and in business.  And plenty of people with advanced degrees who act like dumb asses.

                      All I am saying it is sad to just up and quit an education, especially when handed to money to where you can devote more time to it.

                           OLD/Vtrac   Lottery Bible         Double Warnings      Thumbs Up TN F34/F44

                        Omniscient's avatar - Lottery-017.jpg
                        Florida
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                        September 14, 2006
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                        Posted: January 4, 2008, 10:50 am - IP Logged

                        All I am saying it is sad to just up and quit an education, especially when handed to money to where you can devote more time to it.

                        But TIME IS MONEY ... The reason 'most' people go to college is so they can learn something that will increase their salary. Once you have that kind the money, you get the TIME part back. If I decided to go to school to learn something new to improve my financial future, and suddenly hit the lotto for a few million, then that would conclude my schooling. I would then perhaps concentrate on opening a chain of businesses/successful franchises and be set for the rest of my life. I could afford to hire people with experience to help me make the right business decisions.

                           I saw a show a long time ago with Ted Turner(multi-billionaire) and he said in the way of ...if you can afford to hire people to do the things you cant or dont want to do, so you can do what's important, then do it. If you dont like doing yardwork, hire someone to do it, ect. Dont waste time on the trivial things in life, but instead, concentrate on the more important things to you if you can afford to.

                         See full size image                                               

                         Don't Play more, Play Smarter!

                          justxploring's avatar - villiarna
                          Wandering Aimlessly
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                          November 5, 2005
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                          Posted: January 4, 2008, 6:20 pm - IP Logged

                          All I am saying it is sad to just up and quit an education, especially when handed to money to where you can devote more time to it.

                          Don't compare going to school in China with colleges in the United States. I know it's changing, but they still don't enjoy the freedoms that most American students do. As their economy becomes stronger, they are slowly encouraging a little more creativity, but Chinese education has always been strict and rigid, since the government is very competitive. (I have a family member who spends a lot of time in China.)     

                            Avatar
                            pittsburgh
                            United States
                            Member #51040
                            March 25, 2007
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                            Posted: January 4, 2008, 6:39 pm - IP Logged

                            It is if you live in China. What does the average Chinese make-less than $1000 a year?

                            i thought i read that it said some people are living off of 600 a year im going to take 300,000 over there and live for 50 years!