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N.J. Assembly panel clears one-year anonymity for lottery winners

Topic closed. 39 replies. Last post 4 years ago by Cocostar.

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United States
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Posted: September 26, 2012, 8:27 pm - IP Logged

I would have said, show me your financial plan for making this money last for at least 20 years.

If I liked the plan give the green light, if not, not a thin dime.   

For a large gift, I would put it in a annuity so a check goes out each month.


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    Posted: September 26, 2012, 8:29 pm - IP Logged

    For a large gift, I would put it in a annuity so a check goes out each month.

    That's just brilliant Ronnie316!!!   Idea


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      Posted: September 26, 2012, 8:33 pm - IP Logged

      That's just brilliant Ronnie316!!!   Idea

      Oh yeah....... and there are lots of choices too, like revocable, revertible, etc... etc....


        United States
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        Posted: September 26, 2012, 8:37 pm - IP Logged

        Oh yeah....... and there are lots of choices too, like revocable, revertible, etc... etc....

        I'm just glad you weren't my rich uncle growing up.  Jester Laugh


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          Posted: September 26, 2012, 8:49 pm - IP Logged

          I'm just glad you weren't my rich uncle growing up.  Jester Laugh

          LOL. The great thing with the annuity is the principle can come back or be passed to anyone of choice.

          Dont worry, I would have just handed YOU the cash.

            Coin Toss's avatar - shape barbed.jpg
            Zeta Reticuli Star System
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            January 17, 2006
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            Posted: September 27, 2012, 1:02 am - IP Logged

              I would have said, "Here is $1 million. You can do whatever you want with it, but this is a one shot deal. There will not be

            any more after this. If you blow it, too bad that's on you".

            For all we know the winner might have said exactly that.

            Still didn't, or wouldn't stop anyone from coming back asking for another $1M.

            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.

              redhot7's avatar - SetforLifeLogo
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              Posted: September 27, 2012, 2:19 am - IP Logged

              People who ask a lottery winner for money have no shame. Not only they are degrading the lottery winner, they are degrading themselves. There is no legitimate reason to do it unless they owe you money before winning the lottery.


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                Posted: September 27, 2012, 10:06 am - IP Logged

                People who ask a lottery winner for money have no shame. Not only they are degrading the lottery winner, they are degrading themselves. There is no legitimate reason to do it unless they owe you money before winning the lottery.

                Unless they are bottom dwelling, scum sucking weasels, who will try to steal whatever morsels they can from you.

                 

                  desert's avatar - 3488456466 cce8307c0d_m.jpg
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                  Posted: September 28, 2012, 2:44 am - IP Logged

                  OK, if they are going to wait a year, how are they going to annouce who won?

                  Are they just going to put up the name on the website or is it going to be all

                  over the news?

                   

                  If they just put it up on the website without any big announcements after a year

                  no one will be paying attention and have forgotten by then.

                  I would believe that should the winner give their blessings for a media release. so be it. However, if the winner would like to remain anonymous, then the proposed law could be invoked and honored. One could probably still find out who the winner is, but some serious digging would be required (perhaps a real "need to know" would be needed?).

                   

                  As for a year passing and if no one was paying attention, that could be a real benefit for the winner too. Those that truly need to know would be the lottery office, the state tax dept and the IRS.

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                    Posted: September 30, 2012, 11:32 am - IP Logged

                    I'm glad to see N.J. protecting some winners. I believe anything can happen and anyone is capable. 

                    I can't see why anyone would not have at least a copy of their pool tickets immediately after joining in a pool at work or where ever.

                    I'm not from Jersey but am a truck driver that's been delivering Jersey for about thirty years. Several years ago while delivering the Edison area on route one I stopped at a sandwich shop and noticed that they were selling tickets to a Florida powerball lottery. The Jackpot was over a hundred million dollars. I bought some tickets and gave the woman my money. she then replied to me that this was my receipt and when I could pick the tickets up. The store was closed the day I returned for my tickets and i never made it back till after the drawing. The tickets were given to me by the same woman who sold me the receipt for the tickets and she ignorantly informed me that this was a sandwich shop not a lottery store. I was speechless and took my ticket envelope and left the store. When I got back into my truck I opened my envelope and reviewed my Florida tickets. The ticket numbers were all in unison except for one that was completely different. Later the store owner claimed his portion of the winning tickets that claimed the jackpot. The man died a few years later as I understand. I'll always wonder who's money it was? I've seen the woman since operating a tool both on the Pa. Pike in the Harrisburg area. I often wonder what exactly was her take? Been some where around 20 25 years. Couldn't prove it then can't prove it now. But someone knows the truth. Need regulations on everything especially on the lotery!