First WV lottery winner gets final annuity check

Comment #8

DoctorEw220 — Sun, 20 Mar 2005 21:57:58 GMT

CASH Only: I don't think you realize why lotteries use annuities. They do it so people do not piss it away within a week. It's been shown that those who take the annuity do better than those who go for a lump sum. Haven't you heard all of those stories of people who took the lump sum, and are broke now

Comment #7

CASH Only — Sun, 20 Mar 2005 19:07:55 GMT

Money won't make you happy if you are collecting annual lottery payments.

Comment #6

LuckyFoxTerrier — Sun, 20 Mar 2005 18:13:11 GMT

so much for that theory that money can't make you happy. :) LuckyFox

Comment #5

acronym007 — Sat, 19 Mar 2005 01:28:28 GMT

A good story, nice to hear finally. Hehe

Comment #4

emilyg — Sat, 19 Mar 2005 00:06:13 GMT

but that's exactly why he's still solvent.

Comment #3

LOTTOMIKE — Fri, 18 Mar 2005 21:57:07 GMT

cash only...isn't it a shame that all those people back then never got a chance to get it all at once in cash when they won and had to settle for annuity

Comment #2

CASH Only — Fri, 18 Mar 2005 18:10:02 GMT

Unfortunately, there was no such thing as a cash option in 1986.

Comment #1

weshar75 — Fri, 18 Mar 2005 17:31:29 GMT

It is nice to hear that not every lotto winner in West Virginia is a nut like JW.

First WV lottery winner gets final annuity check

Lottery Post — Fri, 18 Mar 2005 16:51:00 GMT

A Wood County man who was the West Virginia Lottery's first jackpot winner received his last of 20 payments on Wednesday.Russell Husk, a private man who doesn't do interviews, was a a 24-year-old maintenance worker for a Parkersburg restaurant when he won $3.74 million on March 20, 1986. He won the money after spinning the lottery wheel on the weekly televised Grand Prize Show.The lottery at that time only offered instant tickets and spinning the wheel was how players could win jackpots. Husk ha... [ More ]