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Man buys wrong lottery ticket, wins $169 million

Topic closed. 65 replies. Last post 6 years ago by golfer1960.

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Ricklou's avatar - simba walk.gif

South Africa
Member #129816
June 28, 2012
1248 Posts
Offline

Nice one congrats

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    florida
    United States
    Member #98908
    October 16, 2010
    1950 Posts
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    hurray for that brother in blue--congrats to my fellow staten islander also --it appears the NYPD just got another resignation --veryy good sgt viola --enjoy prosper god bless!!!!Party

      JackpotWanna's avatar - squiz

      United States
      Member #4121
      March 23, 2004
      819 Posts
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      Wow! $1 ticket!!


        United States
        Member #172408
        January 23, 2016
        3795 Posts
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        Hey in Lotto math, 3-8 are the same number "mirror" haha 

        8:33 Time 

        Date 8th... just saying... hehe

        9 = 4

        8 = 3

        7 = 2

        6 = 1

        5 = 0

        Nice observation

          Slick Nick's avatar - RYc5Gcw
          Rochester
          United States
          Member #103278
          January 1, 2011
          952 Posts
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          I agree with Gator!Smash

          Money is a terrible master, but a great servant...Smile

            Kyle7824's avatar - Lottery-042.jpg
            Greenville, NC
            United States
            Member #157294
            July 14, 2014
            5554 Posts
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            Nice observation

            Thanks

              xstreamgaming15's avatar - 41M8sCXM8YL _SY300_.jpg
              SoCal
              United States
              Member #170966
              December 25, 2015
              30 Posts
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              Congrats to the Viola couple but did they really have to show a picture of the husband? like his life is in any less dangerious as a cop.

                TheMeatman2005's avatar - lightening
                Brooklyn, NY
                United States
                Member #169716
                October 29, 2015
                1558 Posts
                Offline

                Congrats to the Viola couple but did they really have to show a picture of the husband? like his life is in any less dangerious as a cop.

                That could be the reason the lottery waited to announce the win.

                He put in for retirement and it takes a while for all the paperwork to go through.

                By now, he is probably no longer a police officer.

                The Meatman 🥩🍗🍔🍖🍤🌭

                “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

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                  orlando,fl
                  United States
                  Member #89875
                  April 17, 2010
                  325 Posts
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                  Can some explain the math of a $169 million dollar win to less than $64 million after taxes. That's less than half. Thanks

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                    United States
                    Member #141028
                    April 2, 2013
                    1481 Posts
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                    Can some explain the math of a $169 million dollar win to less than $64 million after taxes. That's less than half. Thanks

                    $169 million is the value based on a 30-year annuity for megamillions if you choose to get paid over 30 years.. The actual cash value is a lot less if you choose the lump sum payment.They chose to receive the prize as a one-time lump sum payment of $64,796,160. Today, at the time of this post, Mega Millions is $449 million 30-year annuity, the cash value is only $313.3 million if you take one-time lump sum cash. Hope that makes it a little clearer for you. Remember 25% fed taxes and some portion of state taxes{if applicable} are also withheld before you see a dime of that money, then you go home and figure out what you owe come April 15. LOTTERY WINS SHOULD NEVER BE TAXED!!!.

                    Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                    Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

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                      orlando,fl
                      United States
                      Member #89875
                      April 17, 2010
                      325 Posts
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                      Wow I didn't know that. I guess I would want to take 30 year annuinty to make sure I get all "my money" lol. So you have to pay taxes on your win every year as well? Time to figure out how those celebrities and 1% beat paying out their tax each year.

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                        United States
                        Member #141028
                        April 2, 2013
                        1481 Posts
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                        Wow I didn't know that. I guess I would want to take 30 year annuinty to make sure I get all "my money" lol. So you have to pay taxes on your win every year as well? Time to figure out how those celebrities and 1% beat paying out their tax each year.

                        Yes, every year. It is sad that we are the only advanced nation that taxes lottery wins. Some idiots have said before, "If you don't like it, don't play".

                        Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                        Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                          Kingofearth's avatar - Lottery-009.jpg

                          Israel
                          Member #174649
                          May 5, 2016
                          1098 Posts
                          Offline

                          $169 million is the value based on a 30-year annuity for megamillions if you choose to get paid over 30 years.. The actual cash value is a lot less if you choose the lump sum payment.They chose to receive the prize as a one-time lump sum payment of $64,796,160. Today, at the time of this post, Mega Millions is $449 million 30-year annuity, the cash value is only $313.3 million if you take one-time lump sum cash. Hope that makes it a little clearer for you. Remember 25% fed taxes and some portion of state taxes{if applicable} are also withheld before you see a dime of that money, then you go home and figure out what you owe come April 15. LOTTERY WINS SHOULD NEVER BE TAXED!!!.

                          Yes state taxes are applicable in this case, to the tune of 8.82% State and 3.5ish% City. 

                          An emergency room doctor saves  your life: His income is taxed

                          A soldier risks his life in the deserts of Iraq: His income is taxed

                          A food bank worker spends long hours helping people in need: Her income is taxed

                          You spend 5 minutes of your day off the sofa to get some tickets for a game of chance and happen to  win big: Tax free?

                          We need to have a flat national rate of 50%. If you live in Texas then it's 50% Federal, 0% State, If you live in Buffalo (NY) then it's 41.18% Federal, 8.82% State etc etc. That way all you need is the cash value and you'll instantly know how much you'll get.   

                            Kingofearth's avatar - Lottery-009.jpg

                            Israel
                            Member #174649
                            May 5, 2016
                            1098 Posts
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                            Yes, every year. It is sad that we are the only advanced nation that taxes lottery wins. Some idiots have said before, "If you don't like it, don't play".

                            WRONG

                            Only 9 countries give it tax free (Australia, Canada, Finland, Germany, Ireland, Italy, Liechentstein, New Zealand, and the UK).   


                              Germany
                              Member #164595
                              March 8, 2015
                              803 Posts
                              Offline

                              WRONG

                              Only 9 countries give it tax free (Australia, Canada, Finland, Germany, Ireland, Italy, Liechentstein, New Zealand, and the UK).   

                              +Austria, Poland, Hungary, Czech republic, Denmark, Sweden, Norway, Iceland, Ireland, Netherlands, Belgium, Luxemburg, Malta, Gibraltar, Hong Kong, China, Japan, Taiwan...