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Indiana man wins $5M on scratch-off

Topic closed. 58 replies. Last post 5 years ago by CDanaT.

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United States
Member #123134
February 14, 2012
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Posted: February 24, 2012, 11:25 am - IP Logged

Thanks Ruud for researching! Thumbs Up

You're welcome.

Texas has a $20 game, Set for Life II, with four top prizes of $7,500,000 ($500k for 15 years).  Imagine THAT!


    United States
    Member #111442
    May 25, 2011
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    Posted: February 24, 2012, 11:25 am - IP Logged

    We have scratch tickets in Massachusetts that you can win $10,000,000 that cost only $20.

    But you're more likely to spend $10,000,000 before you win that prize.

    It reminds of the story in lottery post where a woman book keeper in NY stole about $3M from her work place to feed her lottery addiction.

    She didn't win anything to talk about Shocked and now she's in jail.

    Scratch tickets are a sure way to burn your money. Avoid them at all costs. I know I do.

    Are you trying to imply maringoman, that spending $10,000,000 for a winning $20 scratcher is a bad deal??

    C'mon, Taxachusetts has got to make it's money somehow!   Green laugh


      United States
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      May 25, 2011
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      Posted: February 24, 2012, 11:29 am - IP Logged

      You're welcome.

      Texas has a $20 game, Set for Life II, with four top prizes of $7,500,000 ($500k for 15 years).  Imagine THAT!

      I guess that's all I can probably do...............Roll Eyes


        Bahamas
        Member #114685
        August 5, 2011
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        Posted: February 24, 2012, 12:23 pm - IP Logged

        "With his winnings, Wilber plans to take a vacation to visit family in Tennessee and to do something he has never done in his fifty-some years - see the ocean."

        I'd like to be the first to welcome Rick to Tennessee but I hope he's not too disappointed when he finds out you cain't see the ocean from here.

        I'll take him out honky-tonkin' though and get him good and drunk so he don't care nothin' 'bout no ocean.

        And if we ain't back in a couple days, we'll be down in Mississippi and up to no good. Yeeee haaaaa!

        Gulf, ocean, don't really make no nevermind nohow. 

        That's how we get down in a Hick Town!

         

        I went to college and university in NASHVILLE I would never guessed you lived among good people - lol.

        "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"


          Bahamas
          Member #114685
          August 5, 2011
          422 Posts
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          Posted: February 24, 2012, 12:31 pm - IP Logged

          Congrats to the winner!  Dance

          I still cannot understand why people whine about Powerball Tickets being $2 for a minimum of $40,000,000 annuity & in turn they think that spending $20 on a ticket that the maximum is $5,000,000 is a bargain ................   Crazy 

          You don't know dploy?

          The scratch off tickets have a more jazzier color palate and appeal and don't get me started on the recycled paper!

          Hey I gotta $20 in my wallet. Gonna dash to that service station now..!

          "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"

            cbr$'s avatar - maren
            Cordova,Al.
            United States
            Member #104482
            January 15, 2011
            4873 Posts
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            Posted: February 24, 2012, 1:49 pm - IP Logged

            congrat' s Ricky on your win . alway believed that Village Pantry would have a nice winner it one day . Glad it you. This is either the $10 oBananaor the $20 ticket enjoyParty

              fwlawrence's avatar - Yavill
              Austin
              United States
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              December 6, 2004
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              Posted: February 24, 2012, 3:39 pm - IP Logged

              You're welcome.

              Texas has a $20 game, Set for Life II, with four top prizes of $7,500,000 ($500k for 15 years).  Imagine THAT!

              Don't forget the $50 Casino Action which has 3 top prizes of $7,500,000.

                Avatar

                United States
                Member #123134
                February 14, 2012
                55 Posts
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                Posted: February 24, 2012, 3:42 pm - IP Logged

                We have scratch tickets in Massachusetts that you can win $10,000,000 that cost only $20.

                But you're more likely to spend $10,000,000 before you win that prize.

                It reminds of the story in lottery post where a woman book keeper in NY stole about $3M from her work place to feed her lottery addiction.

                She didn't win anything to talk about Shocked and now she's in jail.

                Scratch tickets are a sure way to burn your money. Avoid them at all costs. I know I do.

                $3m lottery or $3m gambling (i.e., casino) addiction?  That's a lot of scratch tickets if the former.

                Anyway, the odds and payouts for instant tickets are better than draw games and they're also fun to play.

                  Win$500Quick's avatar - Lottery-050.jpg
                  Florida
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                  August 1, 2009
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                  Posted: February 24, 2012, 4:23 pm - IP Logged

                  Congrats to the lucky winner. Thumbs Up

                  Guess Who's Back?


                    United States
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                    May 25, 2011
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                    Posted: February 24, 2012, 7:27 pm - IP Logged

                    $3m lottery or $3m gambling (i.e., casino) addiction?  That's a lot of scratch tickets if the former.

                    Anyway, the odds and payouts for instant tickets are better than draw games and they're also fun to play.

                    I Agree!

                      HaveABall's avatar - rocket

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                      Posted: February 25, 2012, 1:49 am - IP Logged

                      Yeah after state (3.4%) and federal (25%) taxes, he should walk away with $2,434,400  Not bad for a $20? scratch ticket! (Article didn't say).

                      Yes, mcginnin56, Ricky's is a good lump sum, net walk away amount, since it was only a 32% lump sum option reduction from the advertised annuity amount.  Hopefully, Ricky will not only be thinking about the 25% (initial) federal taxation withdrawn amount but will remember that come next year he'll have to pay the Fed their remaining cut of approximately another 10%.  Yikes, don't spend or gift too much of the money these next 12 months Ricky!

                      Congratulations, Ricky, on your thrilling scratch off ticket lump sum, net multi-million dollar win!  I wish these lotteries would begin printing on the FRONT of their tickets that their multi-million dollar top prizes are 30-annual payment amounts, lesser if lump sum chosen.

                      Banana

                      Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                      Disney

                        HaveABall's avatar - rocket

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                        Posted: February 25, 2012, 2:17 am - IP Logged

                        At first i was like "What. He's laid off and playing 20$ scratch-offs". Then i realized he's probably one of those that never buys himself anything and loves the lotto. Patriot

                        No, RedStang, the article alluded that top prize lottery scratch winner, Ricky, is accustomed to treating himself well.  Recall that the article indicated that Ricky had recently purchased a: $20 scratch off ticket(s), new truck, AND enjoyed taking his grand-niece out to purchase a new outfit for her. 

                        So, Ricky already knows how to have a good time spending monies, yet hopefully without breaking his budget.  Now he's got a bigger budget, so he can easily remain unemployed, become a good investor in only safe items with a fixed rate of return, and maybe gift each of his children (and maybe occasionally to his friend mentioned in the article) the $13k ANNUAL GIFT LIMIT every 12 months for the rest of their lifetimes or whenever.  A joyful, rather comfortable lifestyle ... congratulations Ricky!

                        Group Hug

                        Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                        Disney


                          United States
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                          Posted: February 25, 2012, 4:14 am - IP Logged

                          Yes, mcginnin56, Ricky's is a good lump sum, net walk away amount, since it was only a 32% lump sum option reduction from the advertised annuity amount.  Hopefully, Ricky will not only be thinking about the 25% (initial) federal taxation withdrawn amount but will remember that come next year he'll have to pay the Fed their remaining cut of approximately another 10%.  Yikes, don't spend or gift too much of the money these next 12 months Ricky!

                          Congratulations, Ricky, on your thrilling scratch off ticket lump sum, net multi-million dollar win!  I wish these lotteries would begin printing on the FRONT of their tickets that their multi-million dollar top prizes are 30-annual payment amounts, lesser if lump sum chosen.

                          Banana

                          Right HaveABall, but if they advertised on the FRONT of the tickets about 30 annuity payments, they would probably see their sales of sratchers decline.

                          It's the same ol sales gimmick for hawking anything, make all the wonderful claims.......but you must read the fine print, which they will not bring to your

                          attention.

                          I had forgotten about the other 10% or so for additional federal tax.  Puke


                            Bahamas
                            Member #114685
                            August 5, 2011
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                            Posted: February 25, 2012, 12:47 pm - IP Logged

                            Mega Millions is one ROLL OVER from hitting the 100m range! What will happen in the Powerball tonight? Will an LP player finally hit or will it rollllll?

                            "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"


                              United States
                              Member #111442
                              May 25, 2011
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                              Posted: February 25, 2012, 12:58 pm - IP Logged

                              Roll.