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Canadian couple gives away entire $11.2M lottery jackpot

Topic closed. 49 replies. Last post 6 years ago by rdgrnr.

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New Member
Norfolk
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November 4, 2010
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Posted: November 4, 2010, 4:56 pm - IP Logged

I should of given them my address..lol..since i am unemployes and could of used a few $$Bills

    RJOh's avatar - chipmunk
    mid-Ohio
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    Posted: November 4, 2010, 5:07 pm - IP Logged

    I think if I won that kind of money and strangers started showing up expecting a handout I would just tell them too late I have given it all away to family and charities that I support even if it wasn't true.  That way they wouldn't waste my time expecting me to listen to their explanation of why I should give them my money.

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

      ttech10's avatar - blobdude
      Texas
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      Posted: November 4, 2010, 5:19 pm - IP Logged

      pumpi76 said:  "they could had with: $11 Million buy 22 rental apartments of 8-12 stories with 4 apartments on each floor around the world or in Canada...Each costing: $600,000 to $700,000 construction cost..."

      It's a common misconception that Lotto winners collect the entire amount of the stated jackpot. Actually, the amount Lotto winners collect, after receiving the cash payout and deducting taxes, is about a third. The amount they actually collected was about $11.2/3 or $3.73 million.

      I do see your point about purchasing apartment buildings and then renting them out. However, you're forgetting that apartment buildings have taxes, upkeep costs, repair costs, and labor costs involved. If a landlord is lucky, he can use one apartment to give for free to a maintenance man. However, the landlord would still need to pay at least a partial salary. In addition, the landlord would need to pay for any materials costs for any repairs.

      Finally, and most importantly, you have the biggest problem especially in this economy. Occasionally you will have a renter who cannot or will not pay his rent. Then you have to legally evict the offending renter. Some will go willingly, some you will need to hire an attorney to institute removal procedures. Attorney fees can run as high as $350/hour! In some legal districts, especially in urban areas, tenant eviction can be a lengthy and expensive process, taking many months! Meanwhile, while the landlord is waiting to evict the offending tenant, the tenant is still in your apartment sitting there angry at you. He can do whatever he pleases to your apartment, punching holes in the drywall, smashing the fixtures, ripping out electric wiring, etc... Then, one day, the tenant can simply disappear and you're left with a smashed up apartment you will need to repair and the security deposit only covers a fifth of the repairs.

      This wasn't US though, so that's the amount they got. It didn't go half because of advertised annuity and then half again for taxes (I know it's not actually half here but you get what I'm saying).

       

      In the Washington Post it actually said they won $10.9 million and they gave $10.6 million away (98%).

      http://www.washingtonpost.com/wp-dyn/content/article/2010/11/04/AR2010110404948.html

       

       

      This is a good story to here, though. My first thought was "well if you didn't want the money then why did you play" but after I thought that they figured if they won they would be able to help a lot of people compared to just the one person benefiting if someone else won.

        Todd's avatar - Cylon 2.gif
        Chief Bottle Washer
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        Posted: November 4, 2010, 5:48 pm - IP Logged

        This wasn't US though, so that's the amount they got. It didn't go half because of advertised annuity and then half again for taxes (I know it's not actually half here but you get what I'm saying).

         

        In the Washington Post it actually said they won $10.9 million and they gave $10.6 million away (98%).

        http://www.washingtonpost.com/wp-dyn/content/article/2010/11/04/AR2010110404948.html

         

         

        This is a good story to here, though. My first thought was "well if you didn't want the money then why did you play" but after I thought that they figured if they won they would be able to help a lot of people compared to just the one person benefiting if someone else won.

        I'm sure the Washington Post is simply giving the US Dollar equivalent of the Canadian jackpot. 

        $10.9 million is the US Dollar equivalent Lottery Post has recorded on the Canada Lotto 6/49 Jackpot History page for Jul 14, 2010.  (The Lottery Post database records the value of jackpots and their US Dollar equivalents on the specific dates in question, so that Lottery Post premium members have access to the actual value as it was on that date.)

         

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

         

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

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          humble,texas
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          Posted: November 4, 2010, 5:52 pm - IP Logged

          A Nova Scotia couple won $11.2 million from a lottery ticket in July and now every penny is gone.

          But Allen and Violet Large of Lower Truro didn't spend any of it on themselves.

          They say they decided to take care of family, organizations and institutions instead.

          "What you've never had, you never miss," said Violet, 78.

          Married since 1974, the couple does not live large. They don't travel, they don't gamble (beyond playing the lottery) and they don't buy what they don't need.

          "We have an old house, but we're comfortable and we're happy in it," Violet said.

          They spent 30 years in Ontario where Allen was a steel welder and Violet worked for cosmetics and chocolate companies. They retired in 1983 and returned to Nova Scotia.

          "We were pretty well set, not millionaires, but comfortable," said Allen, 75.

          So when they hit it big in Lotto 6-49's July 14 draw, they decided to give it all away.

          All that money "was a big headache," Allen said.

          Violet said she was concerned about "crooked people" who might try to take advantage of them.

          But the big win came at a difficult time in their lives: Violet was undergoing treatment for cancer that doctors discovered in the spring.

          "That money that we won was nothing," said Allen, choking back tears. "We have each other."

          Violet has been through surgery and finished her last chemotherapy treatment a week ago.

          After the win, the couple took about a week to work out the details before embarking on their $11,255,272 spending spree.

          They took care of family first and then began delivering donations to the two pages' worth of groups they had decided on, including the local fire department, churches, cemeteries, the Red Cross, the Salvation Army, hospitals in Truro and Halifax, where Violet underwent her cancer treatment, and organizations that fight cancer, Alzheimer's and diabetes.

          The list goes on and on.

          The couple won't say how much they gave each group, but they've received plenty of phone calls, letters and plaques of gratitude. While they're thankful for each one, they didn't do it for the recognition.

          "It made us feel good," said Violet. "And there's so much good being done with that money."

          She and her husband said they feel privileged to be able to give back to the community, to help the firefighters, the doctors and nurses and the volunteers who have helped them.

          "We're the lucky ones," Violet said. "I have no complaints."

          News story photo(Click to display full-size in gallery)

          In Canada there is no tax on lottery winnings....you get the whole thing!Congrats to these great people...may they live to be a hundred or more and stay in good health!!

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            C. C. Texas
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            Posted: November 4, 2010, 5:59 pm - IP Logged

            You can fix a broken leg and you can fix a broken arm, but you can't fix STUPID.

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              Posted: November 4, 2010, 7:37 pm - IP Logged

              I'm not sure I understand why they played the lottery to start with. I get giving it away to help causes you really care about, but the tone I got from the article was that the money was just a big pain in the ass. They didn't anticipate that they'd actually have to do something with the money?

                rdgrnr's avatar - walt
                Way back up in them dadgum hills, son!
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                Posted: November 4, 2010, 8:01 pm - IP Logged

                I'm not sure I understand why they played the lottery to start with. I get giving it away to help causes you really care about, but the tone I got from the article was that the money was just a big pain in the ass. They didn't anticipate that they'd actually have to do something with the money?

                They probably didn't fully realize how important their simple life and peace and quiet was to them and wanted to put all the commotion behind them once and for all.

                These people know their priorities.


                                                             
                                     
                                                         

                 

                 

                 

                 

                                                                                                                   

                "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                            --Edmund Burke

                 

                 

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                  Toronto, ON
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                  Posted: November 4, 2010, 8:07 pm - IP Logged

                  Am I the only one who thinks it's odd that these people retired 27 years ago at 48 from menial jobs that really don't pay much and yet are living comfortably?  I know it's a nice touching story, yadda yadda and all that jazz, but let's be honest.  This dude is probably living off of a pension, and he's probably withdrawn way more than he ever put into it.  That's pretty messed up.  These people should at least use some of their winnings and stop spending money they couldn't have possibly earned by the age of 48!

                    rdgrnr's avatar - walt
                    Way back up in them dadgum hills, son!
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                    Posted: November 4, 2010, 8:14 pm - IP Logged

                    Am I the only one who thinks it's odd that these people retired 27 years ago at 48 from menial jobs that really don't pay much and yet are living comfortably?  I know it's a nice touching story, yadda yadda and all that jazz, but let's be honest.  This dude is probably living off of a pension, and he's probably withdrawn way more than he ever put into it.  That's pretty messed up.  These people should at least use some of their winnings and stop spending money they couldn't have possibly earned by the age of 48!

                    They sound like criminals the way you talk about them. Wow. Bad mood today?


                                                                 
                                         
                                                             

                     

                     

                     

                     

                                                                                                                       

                    "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                --Edmund Burke

                     

                     

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                      Toronto, ON
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                      Posted: November 4, 2010, 8:23 pm - IP Logged

                      Well it's just extremely ironic, that this act of altruism is rooted in the immorality of unearned entitlement subsistence.

                        sully16's avatar - sharan
                        Ringleader
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                        Posted: November 4, 2010, 8:34 pm - IP Logged

                        They seem like well grounded folks, they know what is truly important to them.

                        Did you exchange a walk on part in the war ?

                        For a lead role in a cage?

                         

                                                                    From Pink Floyd's " Wish you were here"

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
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                          Posted: November 4, 2010, 8:38 pm - IP Logged

                          Well it's just extremely ironic, that this act of altruism is rooted in the immorality of unearned entitlement subsistence.

                          So you're saying their income was earned surreptitiously in some manner? They violated the terms of a contract somehow? I don't get it.


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

                          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                      --Edmund Burke

                           

                           

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                            San Diego, CA
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                            Posted: November 4, 2010, 9:37 pm - IP Logged

                            If these people were younger, there is zero percent chance they would have given away all that money.

                             

                            What are these people going to do with all that money?  Buy fancy cars, travel,?  No and no.  Too old for those things.

                             

                            It is commendable, but let's look at reality.

                              rdgrnr's avatar - walt
                              Way back up in them dadgum hills, son!
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                              Posted: November 4, 2010, 9:49 pm - IP Logged

                              If these people were younger, there is zero percent chance they would have given away all that money.

                               

                              What are these people going to do with all that money?  Buy fancy cars, travel,?  No and no.  Too old for those things.

                               

                              It is commendable, but let's look at reality.

                              Holy Moly, I can't believe all the ill will expressed towards these nice people.

                              Maybe we should throw them in jail to make everybody happy.


                                                                           
                                                   
                                                                       

                               

                               

                               

                               

                                                                                                                                 

                              "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                          --Edmund Burke