Welcome Guest
Log In | Register )
You last visited December 4, 2016, 5:20 pm
All times shown are
Eastern Time (GMT-5:00)

Fla. man wins $35M lottery jackpot with computer software

Topic closed. 72 replies. Last post 5 years ago by rdgrnr.

Page 3 of 5
51
PrintE-mailLink
Tenaj's avatar - michellea
Charlotte NC
United States
Member #17406
June 18, 2005
4053 Posts
Offline
Posted: July 20, 2011, 1:12 pm - IP Logged

Congrats to the winner, enjoy.

Congratulations to him.  15 million dollars went in taxes.  That can pay a lot of teachers salaries but they won't see it.

takeemtothebank

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19821 Posts
    Offline
    Posted: July 20, 2011, 2:34 pm - IP Logged

    Congratulations to him.  15 million dollars went in taxes.  That can pay a lot of teachers salaries but they won't see it.

    Why should they?  Most of the taxes he paid was federal taxes and teacher pay is a local issue.

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

      TheOtherOne's avatar - Lottery-027.jpg
      Nashville, TN
      United States
      Member #86739
      February 9, 2010
      483 Posts
      Offline
      Posted: July 20, 2011, 3:13 pm - IP Logged

      tend to agree but, couple details,"something happened" hope it was important enough to think about for 13 years,maybe he does'nt want to say what it is,and that is certainly his private business. nother thing is, $7 mil. was worth much more 13 yrs ago than today,i bought a new truck in 96, $20,600.00 today that very same truck lists for $39,300.00 . i don't know how they adjust for inflation,not that smart.but here's the most important thing,i'm guessing you're fairly young,as you  get older the "time factor" becomes more important. i'm positive that i would rather have 7mil. today than to have 20mil when i'm 66.

      This is very true, however, the question is would he have invested that 7 million wisely enough to get the true value out of it?It would have had to triple in value to match what he made this year.Not to mention he probably would have only walked away with about 4 million (if that) after taxes.

        haymaker's avatar - Lottery-012.jpg
        Egg Harbor twp.south Jersey shore
        United States
        Member #112968
        June 29, 2011
        3854 Posts
        Offline
        Posted: July 20, 2011, 3:55 pm - IP Logged

        This is very true, however, the question is would he have invested that 7 million wisely enough to get the true value out of it?It would have had to triple in value to match what he made this year.Not to mention he probably would have only walked away with about 4 million (if that) after taxes.

        yea, i'll go along w/ that,but for me personally i want to quit my job so badly, that i compare how much i will make between now and retirement age and how much the JP is, that is to say the clear from the JP abt. 1/3 of adv. so for me it's simple, expected earnings plus 4 mil. or so would be enough.then you break it up, savings, investing, fun etc. but,maybe diff. for him if he was happy at his job.what you're saying makes perfect financial sense but, it makes me want to ask him this question.  Q.do you prefer today's win or would rather wait 5 more years and win 50 mil. when you'll be 71 yrs old ?

        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

          Avatar

          United States
          Member #12694
          March 20, 2005
          17 Posts
          Offline
          Posted: July 20, 2011, 7:30 pm - IP Logged

          Congrat to Mr Hemphill! ...been using the same software for years. The most I've won is $40, maybe Im doing some thing wrong.What?

            dpoly1's avatar - driver
            PA
            United States
            Member #66141
            October 16, 2008
            1672 Posts
            Offline
            Posted: July 20, 2011, 7:37 pm - IP Logged

            I used the Pa Lottery's Computer to pick my numbers for tonite ....................... tonite might be the nite !!!!!!!!

            Jack-in-the-Box

              rdgrnr's avatar - walt
              Way back up in them dadgum hills, son!
              United States
              Member #73904
              April 28, 2009
              14903 Posts
              Offline
              Posted: July 20, 2011, 7:46 pm - IP Logged

              Congrat to Mr Hemphill! ...been using the same software for years. The most I've won is $40, maybe Im doing some thing wrong.What?

              Try a Quick Pick.

              That's what wins the most Jackpots.

               

              Incoming!

              Surrender


                                                           
                                   
                                                       

               

               

               

               

                                                                                                                 

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

                                                                                                          --Edmund Burke

               

               

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19821 Posts
                Offline
                Posted: July 20, 2011, 7:50 pm - IP Logged

                Congrat to Mr Hemphill! ...been using the same software for years. The most I've won is $40, maybe Im doing some thing wrong.What?

                Have you ever reviewed how you used it and thought about what you could have done differently that  would have gotten better results?   Players using the same software seldom get the same results  because they seldom use it the same way.  Most lottery software give you a bunch of data and tools to use, it up to you how they are used.

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

                  rdgrnr's avatar - walt
                  Way back up in them dadgum hills, son!
                  United States
                  Member #73904
                  April 28, 2009
                  14903 Posts
                  Offline
                  Posted: July 20, 2011, 8:07 pm - IP Logged

                  I used the Pa Lottery's Computer to pick my numbers for tonite ....................... tonite might be the nite !!!!!!!!

                  Jack-in-the-Box

                  Don't forget Lottery Post's Quick Picks, dpoly.

                  I've been lucky with them.

                  Good luck to you tonight!


                                                               
                                       
                                                           

                   

                   

                   

                   

                                                                                                                     

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

                                                                                                              --Edmund Burke

                   

                   

                    haymaker's avatar - Lottery-012.jpg
                    Egg Harbor twp.south Jersey shore
                    United States
                    Member #112968
                    June 29, 2011
                    3854 Posts
                    Offline
                    Posted: July 20, 2011, 9:24 pm - IP Logged

                    Try a Quick Pick.

                    That's what wins the most Jackpots.

                     

                    Incoming!

                    Surrender

                    recently switched to QP for my pick 6 was playing b/day nos. looked back at the last 6 or 8 winners only to find they had 2-3 nos. higher than 31

                    Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                      sully16's avatar - sharan
                      Ringleader
                      Michigan
                      United States
                      Member #81740
                      October 28, 2009
                      40341 Posts
                      Offline
                      Posted: July 21, 2011, 7:20 am - IP Logged

                      Don't forget Lottery Post's Quick Picks, dpoly.

                      I've been lucky with them.

                      Good luck to you tonight!

                      Ditto.LOL

                      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"

                        JAP69's avatar - alas
                        South Carolina
                        United States
                        Member #6
                        November 4, 2001
                        8790 Posts
                        Offline
                        Posted: July 21, 2011, 7:47 am - IP Logged

                        Don't forget Lottery Post's Quick Picks, dpoly.

                        I've been lucky with them.

                        Good luck to you tonight!

                        Must be the computerized programming that make those quick picks lucky.

                        WHATT

                          Coin Toss's avatar - shape barbed.jpg
                          Zeta Reticuli Star System
                          United States
                          Member #30470
                          January 17, 2006
                          10347 Posts
                          Offline
                          Posted: July 21, 2011, 10:53 am - IP Logged

                          Regardless of the means of number selection, whether it's a personal visit from the Lottery Faerie, birthdays, a QP, a dream, or a message from Montana Wildhack on Tralfamdore, or whatever, whenever the nuymbers played are the numbers drawn it is nothing but pure luck. Human nature teaches us that the bigger a person's ego is the less likely they are to admit that.

                          [/story]

                          Lep

                          Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                          Lep

                          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                            rdgrnr's avatar - walt
                            Way back up in them dadgum hills, son!
                            United States
                            Member #73904
                            April 28, 2009
                            14903 Posts
                            Offline
                            Posted: July 21, 2011, 11:02 am - IP Logged

                            Must be the computerized programming that make those quick picks lucky.

                            LOL Ya got me, JAP69!

                            Actually, I take comfort knowing that my Quick Picks are not coming from the Lottery's mainframe because I know The Dragon Lady watches my every move and immediately puts the entire commission on alert everytime I come down from the mountain. Even the Patels are mobilized. Then she has every Quick Pick line I get precluded from the possibility of winning.

                            She's very crafty, that one. That's why I sometimes have to dress up like a nun when I go to the store. I know a very large nun with a very long beard doesn't seem plausible but it's enough to throw them off their game just long enough for me to get my tickets and vanish back into the woods before they know what hit them.


                                                                         
                                                 
                                                                     

                             

                             

                             

                             

                                                                                                                               

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

                                                                                                                        --Edmund Burke

                             

                             

                              Avatar
                              NY
                              United States
                              Member #23835
                              October 16, 2005
                              3474 Posts
                              Offline
                              Posted: July 21, 2011, 12:42 pm - IP Logged

                              This is very true, however, the question is would he have invested that 7 million wisely enough to get the true value out of it?It would have had to triple in value to match what he made this year.Not to mention he probably would have only walked away with about 4 million (if that) after taxes.

                              Why would it need to have tripled? There's a lot more value to money than the simple value of the money.

                              Obviously the $20 million net will let his lifetsyle from here on be "better" than what he could have done with a $4 million net, but what has he been doing for the past 16 years? Even if he had cleared a trillion dollars he can't buy back that 16 years. A safe and conservative investment in '95 could have given him an annual income of at least 150k before rolling out of bed in the morning. Instead of working for most of the last 16 years and spending part of that time bankrupt, he could have already been retired and living comfortably. A big fat lottery prize in your 60's is certainly a great thing, but I'd place far more value on a prize that offers a comfortable lifetime income at a much earlier age.