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$200M Powerball lottery jackpot won by N.Y. Costco workers

Topic closed. 106 replies. Last post 5 years ago by GamerMom.

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freeobama's avatar - Lottery-057.jpg
Sunny part of town
United States
Member #102877
December 27, 2010
224 Posts
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Posted: June 2, 2011, 2:30 pm - IP Logged

NY again? Not NY and then CA....Not CA and then NY. I'm quit !

I Agree! Dont give up TonyZinc have faith. I might have to take a trip to N.Y. this summer and pick up some tickets.N.Y. and California  should start a two state game and give the rest of the country a chance.Over 80% of jack pot wins is from them two statesBlue Thinking. The odds over here in VA is close to impossibleBang Head.Congrats to the winners enjoy it!

    OwlCreekBridge's avatar - Lottery-031.jpg
    lottoville
    United States
    Member #95474
    August 11, 2010
    132 Posts
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    Posted: June 2, 2011, 2:45 pm - IP Logged

    30 year governmesnt bonds will give 4%.

    No thanks. 4% interest to have my money locked in for 30 years doesn't seem worth it to me. I'd use my savings to buy Powerball tickets before I'd put it in a 30 year government bond.

    I thought HaveABall might have a secret FDIC insured bank that magically offered 4% APY on a savings account when it seems like every bank under the sun only offers about 1%.

      sandia's avatar - disney24
      TEXAS
      United States
      Member #107766
      March 13, 2011
      196 Posts
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      Posted: June 2, 2011, 2:50 pm - IP Logged

      No thanks. 4% interest to have my money locked in for 30 years doesn't seem worth it to me. I'd use my savings to buy Powerball tickets before I'd put it in a 30 year government bond.

      I thought HaveABall might have a secret FDIC insured bank that magically offered 4% APY on a savings account when it seems like every bank under the sun only offers about 1%.

      LOLGreen laugh

        NoShame's avatar - Lottery-030.jpg
        Indiana
        United States
        Member #104853
        January 21, 2011
        159 Posts
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        Posted: June 2, 2011, 3:16 pm - IP Logged

        I always wonder...if you win the lottery in a pool, how do you sign the back of the winning ticket?

          sandia's avatar - disney24
          TEXAS
          United States
          Member #107766
          March 13, 2011
          196 Posts
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          Posted: June 2, 2011, 3:20 pm - IP Logged

          I always wonder...if you win the lottery in a pool, how do you sign the back of the winning ticket?

           Hmmm, good question, have the lawyer sign it or appoint a representative from the pool who will sign the ticket on behalf of the group?Thinking of...

            OwlCreekBridge's avatar - Lottery-031.jpg
            lottoville
            United States
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            August 11, 2010
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            Posted: June 2, 2011, 4:01 pm - IP Logged

            I always wonder...if you win the lottery in a pool, how do you sign the back of the winning ticket?

            everyone signs their name extra teeny-tiny, so everyone's signiture fits on the back of the winning ticket. LOL

            They probably collect it in a trust or LLC. Even if one dishonest person from the group tries to sign the ticket himself and then try to collect the prize on his own, the verification process takes at least 6 weeks if not more. That would be plenty of time to hire a lawyer and tell the lotto commission that ticket was purchased for the group.

              thePharaoh's avatar - pharaoh
              TX
              United States
              Member #111622
              May 29, 2011
              32 Posts
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              Posted: June 2, 2011, 4:02 pm - IP Logged

              the lump sum cash for each one is $3,473,178 if i was holding that ticket i will run away with lum sum of $70,000,000

              new york is a big city and these guys are outta control i'm sure they will be back working at costco

                dpoly1's avatar - driver
                PA
                United States
                Member #66141
                October 16, 2008
                1672 Posts
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                Posted: June 2, 2011, 4:07 pm - IP Logged

                It has been a while since someone from New York won .........................

                Crazy

                  OwlCreekBridge's avatar - Lottery-031.jpg
                  lottoville
                  United States
                  Member #95474
                  August 11, 2010
                  132 Posts
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                  Posted: June 2, 2011, 4:11 pm - IP Logged

                  the lump sum cash for each one is $3,473,178 if i was holding that ticket i will run away with lum sum of $70,000,000

                  new york is a big city and these guys are outta control i'm sure they will be back working at costco

                  I'm sure anyone who tried to pull something like that would get caught. The verification process takes at least 6 weeks. Even if someone did manage to collect the money with no one noticing, they would basically have to flee the country because if they didn't, they will get caught eventually.

                  There is an old article on LP about a Canadian store clerk who claimed a winning ticket for himself and was caught two years later.


                    Canada
                    Member #68663
                    December 27, 2008
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                    Posted: June 2, 2011, 4:57 pm - IP Logged

                    Further evidence that group play is the best way to win. Congratulations to the group.     Cheers

                      rcbbuckeye's avatar - Lottery-043.jpg
                      Texas
                      United States
                      Member #55889
                      October 23, 2007
                      5610 Posts
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                      Posted: June 2, 2011, 4:59 pm - IP Logged

                      I always wonder...if you win the lottery in a pool, how do you sign the back of the winning ticket?

                      Here in Tx, the Lottery Commission will issue only one check...there is only one winner. So, it would be necessary for the group to hire an attorney and form a legal partnership. From there, I imagine the group has a bank account in which the money is deposited and then each member can withdraw his or her share.

                      I haven't researched it completely, but I do know that I would not claim the ticket myself because the tax liability would be on me.

                      CAN'T WIN IF YOU'RE NOT IN

                      A DOLLAR AND A DREAM (OR $2)

                        BuyLow's avatar - palm tree.jpg
                        Florida
                        United States
                        Member #61435
                        May 22, 2008
                        908 Posts
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                        Posted: June 2, 2011, 5:21 pm - IP Logged

                        Further evidence that group play is the best way to win. Congratulations to the group.     Cheers

                        Further evidence that just because you say something on the interwebs doesn't mean its true.  Confused

                          maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                          Massachusetts
                          United States
                          Member #37433
                          April 14, 2006
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                          Posted: June 2, 2011, 5:22 pm - IP Logged

                          I once was in Brooklyn NY and saw a guy fork over $250 to buy megamillions tickets for one drawing! My Jaw dropped to the floor. Here I was thinking I was going overboard by spending $10 and this guy buys tickets the size of a sandwich so nonchalantly like as if he just bought gum! I asked the store guy whether that was common and he told me it gets even crazier when the JP rises above $250M.

                          After that day I am never surprised when I see winner after winner coming from over there.

                          That money's gone fo ever

                            imagine's avatar - WINGS

                            United States
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                            January 7, 2010
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                            Posted: June 2, 2011, 5:22 pm - IP Logged

                            NY again.
                            So much for spreading the wealth.

                              OwlCreekBridge's avatar - Lottery-031.jpg
                              lottoville
                              United States
                              Member #95474
                              August 11, 2010
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                              Posted: June 2, 2011, 5:30 pm - IP Logged

                              Further evidence that group play is the best way to win. Congratulations to the group.     Cheers

                              confirmation bias is true much?