Lottery winner from Oregon more than makes up for Enron loss

Comment #15

MissNYC — Wed, 21 Mar 2007 20:13:24 GMT

I didn't mean to insult those very few people in the world who truly love their jobs, particularly the humanitarian positions. I actually like my job, but if I suddenly won $100 million dollars, I would definately not continue with it. Like I said, I wouldn't blow it like Hammer, but I truly believe that money affords people freedom....the freedom to not HAVE to wake up early and go to work, the freedom to say, I'm going to spend every possible minute with the people I care about. I wouldn't b... [ More ]

Comment #14

tiggs95 — Wed, 21 Mar 2007 18:31:13 GMT

I don't mean to sound selfish..BUT IT S MY TURN!!!...OH YEAH

Comment #13

delS — Wed, 21 Mar 2007 18:19:32 GMT

Its not that everyone has some negative comment on lottery winners. It is that many lottery winners turn out to be models of what not to do. Its just like Presidents and elected officials, or sports stars, or movie stars, when you are in the glaring lights of public attention, people have every right to their opinion. That being negative or positive. Most of the comments I have seen in the 2 and half years I have been here when someone wins, is the LP members say great things about the hop... [ More ]

Comment #12

Prob988 — Wed, 21 Mar 2007 13:49:06 GMT

Winning the lottery, I'm sure is a big change in itself. You need to readjust when your life changes, and it's perfectly reasonable to go slow with it.

Everybody has some negative comment on lottery winners. These people seem to me like they're going to be fine. One thing they've got going for them is that they have seen huge losses, so they'll probably be fairly cautious in the future. Good for them.

Comment #11

TheGameGrl — Wed, 21 Mar 2007 01:42:02 GMT

Ohh dear, you get mad? Whatever for? I personally pray that some folks that have jobs they love stay in them! They make it easier to deal with when I go to a Hospital and see a person who absolutely enjoys aiding an injured person and isnt so disgruntled that they take it out on the patient. Sorry but NOT everyone HATES or dislikes their job. I am one of the few that probably would stay at my job , not becuase I am taking UP someone elses opportunity to earn a living but because I've earned the... [ More ]

Comment #10

MADDOG10 — Tue, 20 Mar 2007 22:30:13 GMT

Thats the problem with everyone wanting a huge jackpot.

Regardless if the jackpot is large or small, play it the same. Be happy you've won and do what you're supposed to do, enjoy it.

Congrats to Dan and Candy, now you don't have to work another 10 years to build your nest egg back up. Be happy and enjoy....

Comment #9

MissNYC — Tue, 20 Mar 2007 21:54:16 GMT

I've said it before, I truly believe a lot of people in this country, the mass media included, is numb to that kind of a number...as crazy as it may sound. The last huge Mega Millions jackpot did't even get any buzz until it went over 260 mil, at least in NY. People want and get excited about BIG BIG jackpots, I think Mega Millions and Powerball need to figure out a way to generate larger jackpots more often.

Comment #8

fxsterling — Tue, 20 Mar 2007 20:28:01 GMT

Power ball seems like the bold headed step child of MM the jackpot was 188 million no hype not even on the LP

Comment #7

CA LotteryGuy — Tue, 20 Mar 2007 20:02:04 GMT

pumpi76...before you run off and say you want to sue someone, it would be best to understand the process. Powerball sets aside roughly 30.3% of total sales for the jackpot. During this run that came to $88 million. The advertised jackpot was $182.7 million. That is the cost in today's dollars of a graduated annuity that would pay out for 30 payments over a 29 year time period. The cash option was $88 million, i.e. if you want all your money now this is what you get. Then the federal gover... [ More ]

Comment #6

DoubleDown — Tue, 20 Mar 2007 19:52:53 GMT

P, have you not been paying attention in your tenure here at LP ?

You know darn well that the advertised jackpot is annuity based and if the winner chooses cash option, it is somewhere around 50% of the advertised amount, then taxes come out.

I think that 59 million take home pay would satisfy all of us. If it doesn't satisfy you, then perhaps you are on the wrong forum.

Comment #5

Todd — Tue, 20 Mar 2007 19:22:30 GMT

Looks like another in a long list of lawsuits that you would claim to bring. Most people who threaten that I'm going to sue! have never pursued a lawsuit in their lives, and probably never will. It's kind of an empty threat.

Comment #4

pumpi76 — Tue, 20 Mar 2007 19:06:27 GMT

I totally agree...That's been greedy, specially with all that money...Is greediness...People like that shouldn't play the lottery...

But i feel sorry for him, after all the enron thing is one of the saddest thing that could happen to someone...Could you imagine working all your life, been a good worker, saving for retirement and then you get the news? I feel sorry for the rest that didn't win no jackpot...I will not wish something like the enron thing to no one..

More important... [ More ]

Comment #3

MissNYC — Tue, 20 Mar 2007 19:01:13 GMT

I get so mad when people win huge lotteries and stand up and say their lives won't change and they may continue to work. I personally think that's boring and that those people shouldn't even play the lottery. Leave it for people who dream about living the good life. I'm not saying I'd pull an MC Hammer, but I'd at least quit my job

Comment #2

pumpi76 — Tue, 20 Mar 2007 18:55:53 GMT

how you are going to stay with 59Million after a 182 million jackpot? I don't get it...I would had sued....We are talking millions here...

First the state gives back 60% of money betted back to people, so it means that the jackpot was not 182 millions but more....Then when you take it in a lump sum, the state takes up half of it....How in the world is going to take more taxes...

Laura Simpson from Great Lakes, Illinois deserves to be rich... She is so rare...

Comment #1

gocart1 — Tue, 20 Mar 2007 18:08:18 GMT

the best of luck to dan and candy

Lottery winner from Oregon more than makes up for Enron loss

Lottery Post — Tue, 20 Mar 2007 17:06:00 GMT

One of the Portland General Electric workers whose retirement hopes were dashed by the collapse of Enron has replenished his assets by about $59 million.

Dan Gannon, 60, won a $182 million Powerball jackpot over the weekend and claimed it Monday.

He took his prize in a lump sum, rather than over 30 years. That amounted to $88 million. Federal and state taxes took $29 million, so his payout was $59 million.

When the stock of utility owner Enron collapsed in 2001, Gannon said, his