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First winner of big Illinois Lotto jackpot didn't let riches change him

Topic closed. 31 replies. Last post 2 years ago by jerryb*49.

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HaveABall's avatar - rocket

United States
Member #72448
March 18, 2009
1228 Posts
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Posted: December 28, 2014, 9:13 pm - IP Logged

Three things struck me

  1. That $40 million was at some point, a record breaking amount, now it's a starting off point. 30 years from now will people consider $600 million jackpots blasé?
  2. He actually won a fight in which he got to pay LESS taxes. Wow.
  3. He was getting death threats even before the information age swung into gear. Unnecessarily stressful, fear-filled situation. Anonymity needs to be an option in every state.

Anyway, good for him. It's good to read stories about  grounded Winners who haven't lost it all. Party

I Agree!, Teddi! See Ya!

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

Disney

    noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
    Bay Area - California
    United States
    Member #136477
    December 12, 2012
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    Posted: December 28, 2014, 9:22 pm - IP Logged

    It would seem that even though the checks stopped coming a decade ago- he has no regrets. One can only think of those who won and decided to take the " Cash option" and blew through their winnings in 5-10 years.. or less.Shocked

    People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

      shadowlady's avatar - Trek UFPSYM1.gif

      United States
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      April 7, 2014
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      Posted: December 28, 2014, 9:50 pm - IP Logged

      I am happy to read a story about someone who did well with their life after a big win.   My husband and I are not sure whether we would take an annuity or cash.  It would depend on the amount won.

        Coin Toss's avatar - shape barbed.jpg
        Zeta Reticuli Star System
        United States
        Member #30470
        January 17, 2006
        10355 Posts
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        Posted: December 28, 2014, 10:33 pm - IP Logged

        Teddi,

        Didn't need the information age back then. He was working in a print shop in Chicago, the story appeared on WGN-TV which was/is a "super-station" back then, so the story went nation-wide to anyone with cable.

        Have A Ball.

        The only thing I know to do is track it day by day on the Illinois lottery site. On the home page just click on Lucky Day Lotto and then payouts for Midday and Evening.

        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.

          Avatar
          California
          United States
          Member #141204
          April 7, 2013
          280 Posts
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          Posted: December 29, 2014, 2:05 am - IP Logged

          Three things struck me

          1. That $40 million was at some point, a record breaking amount, now it's a starting off point. 30 years from now will people consider $600 million jackpots blasé?
          2. He actually won a fight in which he got to pay LESS taxes. Wow.
          3. He was getting death threats even before the information age swung into gear. Unnecessarily stressful, fear-filled situation. Anonymity needs to be an option in every state.

          Anyway, good for him. It's good to read stories about  grounded Winners who haven't lost it all. Party

          That $40 million was at some point, a record breaking amount, now it's a starting off point. 30 years from now will people consider $600 million jackpots blasé?

          I have no doubt that will be the case. It's 2014 and there are already some people who consider any jackpot under $200 million unimpressive. I'm not one of these people.

            Avatar
            Portland, OR
            United States
            Member #145973
            August 20, 2013
            226 Posts
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            Posted: December 29, 2014, 7:56 am - IP Logged

            Edit: sorry, wrong article.

            "Understand... people are more complicated than the masks they wear in society... everyone is playing to win, and some people will use moral justifications to advance their side"

                                                                                                                                                                      Robert Greene

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              NYC
              United States
              Member #161115
              November 17, 2014
              126 Posts
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              Posted: December 29, 2014, 9:29 am - IP Logged

              That gift tax BS really pisses me off. They already take out a good amount in tax when you win. Now you shell out more for giving someone as a gift. What about all that wasteful spending the government does yearly. Fcuking unbelievable

                HaveABall's avatar - rocket

                United States
                Member #72448
                March 18, 2009
                1228 Posts
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                Posted: December 29, 2014, 3:27 pm - IP Logged

                That gift tax BS really pisses me off. They already take out a good amount in tax when you win. Now you shell out more for giving someone as a gift. What about all that wasteful spending the government does yearly. Fcuking unbelievable

                Yeah, SoleWinner21, I would be okay to have a max $4M gifting amount during one's LIVING lifetime without taxation ... where one could give that $4M as a lump sum; rather than dragging/spreading it out at the current good 'ole U.S.A. limit of $14K (tax free to both sender and receiver) per year!

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

                Disney

                  Teddi's avatar - Lottery-008.jpg

                  United States
                  Member #142499
                  May 13, 2013
                  1186 Posts
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                  Posted: December 29, 2014, 8:03 pm - IP Logged

                  It would seem that even though the checks stopped coming a decade ago- he has no regrets. One can only think of those who won and decided to take the " Cash option" and blew through their winnings in 5-10 years.. or less.Shocked

                  I've seen more than a few people on TLCML and COTL who filed for bankruptcy or simply lost it all who took the annuity. Graduated payments mean nothing to those who simply can't live within a set budget.

                    Teddi's avatar - Lottery-008.jpg

                    United States
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                    May 13, 2013
                    1186 Posts
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                    Posted: December 29, 2014, 8:21 pm - IP Logged

                    That $40 million was at some point, a record breaking amount, now it's a starting off point. 30 years from now will people consider $600 million jackpots blasé?

                    I have no doubt that will be the case. It's 2014 and there are already some people who consider any jackpot under $200 million unimpressive. I'm not one of these people.

                    You're probably right. Less than $300 million doesn't even make it in the News any more. I'm with you. I get excited about any win. A $20 win had me grinning like an idiot for an entire day. I'd probably do backflips if I won $40 million.

                      DC81's avatar - batman39
                      MI
                      United States
                      Member #54830
                      August 31, 2007
                      985 Posts
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                      Posted: December 29, 2014, 9:05 pm - IP Logged

                      Three things struck me

                      1. That $40 million was at some point, a record breaking amount, now it's a starting off point. 30 years from now will people consider $600 million jackpots blasé?
                      2. He actually won a fight in which he got to pay LESS taxes. Wow.
                      3. He was getting death threats even before the information age swung into gear. Unnecessarily stressful, fear-filled situation. Anonymity needs to be an option in every state.

                      Anyway, good for him. It's good to read stories about  grounded Winners who haven't lost it all. Party

                      That 40 million in 1984 would be equal to a bit over 90 million today though.

                      You can't predict random.

                        Teddi's avatar - Lottery-008.jpg

                        United States
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                        May 13, 2013
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                        Posted: December 29, 2014, 9:40 pm - IP Logged

                        That 40 million in 1984 would be equal to a bit over 90 million today though.

                        Good point. I completely forgot to factor in inflation. Even so, a $90 million jackpot win would only make it into local news...if it even does. No one would care unless there was something else involved to make it newsworthy, like being won by a vet or a homeless person or the winner gave it all away...something in that vein. It just seems unbelievable that at some point a $40 million was a big enough deal to be a national event.

                          haymaker's avatar - Lottery-012.jpg
                          Egg Harbor twp.south Jersey shore
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                          June 29, 2011
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                          Posted: December 29, 2014, 10:24 pm - IP Logged

                          Good point. I completely forgot to factor in inflation. Even so, a $90 million jackpot win would only make it into local news...if it even does. No one would care unless there was something else involved to make it newsworthy, like being won by a vet or a homeless person or the winner gave it all away...something in that vein. It just seems unbelievable that at some point a $40 million was a big enough deal to be a national event.

                          True enough,

                          But the thing is, back then many states did'nt have lottery and there was no MM or PB.

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

                            fwlawrence's avatar - Yavill
                            Austin
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                            December 6, 2004
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                            Posted: December 30, 2014, 3:12 am - IP Logged

                            That $40 million was at some point, a record breaking amount, now it's a starting off point. 30 years from now will people consider $600 million jackpots blasé?

                            I have no doubt that will be the case. It's 2014 and there are already some people who consider any jackpot under $200 million unimpressive. I'm not one of these people.

                            I remember waiting in line for a $70 million jackpot but that was over 25years ago!

                              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                              Oklahoma
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                              November 12, 2009
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                              Posted: December 30, 2014, 4:50 pm - IP Logged

                              Good for your Mike Wittkowski Hurray!

                              I Love Pink & Green 1908