$45 million Calif. SuperLotto winner claims jackpot

Comment #8

dingo — Thu, 26 Oct 2006 04:35:03 GMT

thanks for pointing out. Money makes money.

Comment #7

CA LotteryGuy — Wed, 25 Oct 2006 15:08:13 GMT

cfsb...you are so right! Here are the numbers;

The intial lump-sum of $22.5 million would net out $14,625,000 per year after Federal taxes of 35%.

Invest that at a conservative 5% rate and it would net him $407,306 after 35% Federal Income Tax and 9.3% CA state income tax.

The above is with maximim taxes applied. Certainly a tax professional and a financial advisor could do even better.

Comment #6

csfb — Wed, 25 Oct 2006 13:39:41 GMT

He does not even have to touch the principal amount. Interest alone on the principal, even at a conservative rate of 5% is more than enough for a new lifestyle. So in effect, he can save 100% of his winnings. If he were even more aggressive in his investing, he'll have more than when he started.

Comment #5

dingo — Wed, 25 Oct 2006 04:43:53 GMT

Congratulations to the winner.

How can he save 99% of the fortune? New house, new car, the list will goes on after the shock of winning lottery jackpot.

Comment #4

sirbrad — Wed, 25 Oct 2006 03:23:31 GMT

I thought so, thanks. I wish I could win that much playing only once every six months on a whim. Sure would beat losing EVERY month.

Comment #3

CA LotteryGuy — Wed, 25 Oct 2006 03:12:40 GMT

sirbrad...from the CA Lottery website:

doesn't play regularly, once every six months, this purchase was an impluse buy, stopped to buy gas and bought tickets on a whim, $5, all quick picks.

Comment #2

sirbrad — Wed, 25 Oct 2006 02:29:41 GMT

How many tickets? QP's

Comment #1

DoubleDown — Tue, 24 Oct 2006 21:01:10 GMT

Congratulations to Mr. Jarrett !!

I hope he doesn't have financial problems later in life .

DD

$45 million Calif. SuperLotto winner claims jackpot

Lottery Post — Tue, 24 Oct 2006 14:27:01 GMT

The holder of a $45 million California SuperLotto Plus ticket, which was purchased at a Calabasas Shell station, came forward Monday, lottery officials said.

Lee Jarrett claimed the jackpot, saying he just realized that he was holding the winning ticket from last Wednesday's drawing.

I checked the Lottery's Web site around 3 a.m. and then I just stared at the ticket for 20 to 30 minutes, making sure I had the right draw date and that all the numbers really matched and that I wasn't imagin... [ More ]