Ohio lottery winner to share winnings

Comment #11

KY Floyd — Tue, 16 May 2006 06:54:58 GMT

There was nothing in my post that you needed to quote. Your psychosis is obviously thriving all on its own, so don't let it make you think anyone else is involved.

Comment #10

CASH Only — Sun, 14 May 2006 17:42:38 GMT

All of NY's million-dollar scratches (and four versions of Debt for Life) are annuity-only. The only big game worth playing in NY state is Mega Millions.

Comment #9

KY Floyd — Sun, 14 May 2006 17:35:08 GMT

In the entire history of the lottery there has never been a news article that reported the amount left after taxes. News articles report the amount after the withholdings required by state and federal law. State laws vary, but the federal withholding requirement is 25%. If a winner doesn't want all of the money they can always make charitable donations and they'll only owe taxes on the remainder. Charitable donations are certainly a good thing, but they reduce what a winner actually ends up wit... [ More ]

Comment #8

gy65 — Sun, 14 May 2006 15:46:17 GMT

After federal and state taxes, $345,000 is left.

Wonder how they calculated that amount?

Federal . . $97,653.00 plus 35% of the amount over 336,550

Ohio . . $11,022.90 plus 7.185% of excess or more than $200,000

A $312,560 balance seems more in the ballpark.

Comment #7

savagegoose — Sun, 14 May 2006 12:23:57 GMT

you know for a super big pot i wouldnt care if i took annuity or not. i mean say its $10 mill a year for 25 years?

if you blow your 1st years 10 mill u know you had better learn to manage money on year 2.

you still 24 years to go to learn., if oyu take lump sum and blow it, thats it its gone!

i think if i got 10 mill anuity id still have a few mill left in bank at end of year.

Comment #6

justxploring — Fri, 12 May 2006 20:57:57 GMT

I'd take the cash anyway. Congrats to the winner

Comment #5

fxdwg — Fri, 12 May 2006 12:41:05 GMT

NY scratch winners of annuity prizes (including the four versions of Debt for Life) DO NOT have a cash option. Its Lot O' Play is faulty, but Ohio has a better lottery than NY

Cash Only

a simple solution if you don't like it..... don't play it

Comment #4

mylollipop — Fri, 12 May 2006 05:33:03 GMT

CoNgRats

Comment #3

Ineverwin — Fri, 12 May 2006 05:02:20 GMT

ENOUGH ABOUT OHIO WINNERS ALREADY

Comment #2

CASH Only — Thu, 11 May 2006 22:56:16 GMT

NY scratch winners of annuity prizes (including the four versions of Debt for Life) DO NOT have a cash option. Its Lot O' Play is faulty, but Ohio has a better lottery than NY.

Comment #1

bellyache — Thu, 11 May 2006 19:41:40 GMT

If I was eighty, I would probably take the cash option too.

Ohio lottery winner to share winnings

Lottery Post — Thu, 11 May 2006 15:45:01 GMT

When asked how often he played the Ohio Lottery, Middletonian Bass Brandenburg let his wife, Virginia, answer that question.

How often does the sun shine? she replied.

The sun came out in a big way for the Brandenburgs this week. The couple bet their bottom $10 on the $200 Million Cash Spectacular instant game and came up winners of $1 million or so the scratch-off ticket read.

Eighty-year-old Bass Brandenburg thought he may not have a lot of time to enjoy that money, so he opted t... [ More ]