Year-old Indiana Lottery jackpot finally won

Comment #31

KY Floyd — Thu, 22 Nov 2007 06:15:52 GMT

Perhaps you should look at it again and try to figure out who understands what, both here and in the Gilbert household. You're making assumptions, and apparently don't know that you're completely clueless. You don't have a clue what the son's plans are beyond quitting his current job and taking a few trips with his parents. You don't have a clue what the parents plan to do about keeping or sharing the money. You don't have a clue what the son knew or meant when he said we're rich now .

Wel... [ More ]

Comment #30

csfb — Wed, 21 Nov 2007 01:40:19 GMT

Heh, heh, your slip is not only showing, it's also stained.

I suggest, you take your slip for professional cleaning. While your at it, have your lenses cleaned, too. That way, you'll see the world more clearly.

Comment #29

RJOh — Tue, 20 Nov 2007 16:59:07 GMT

It not unusual for parents to share their good fortune with their grown children especially if their health is failing. Who's better to share it with than a child they like, trust and depend on and is available any time they call. Quitting his job will make him even more available when they need him.

The retired auto plant worker from Ohio who won the PowerBall jackpot in Indiana a couple of months ago showed up with his two grown children to collect his millions and no one thought less o... [ More ]

Comment #28

BaristaExpress — Tue, 20 Nov 2007 16:09:53 GMT

csfb, come-on get with the program turkey!

No reason to be angry that he's going to quit his job, it's his choice to leave a perfectly good job that he already has that supports him and his family! It's just says to me he wants a free ride from his parents and their good fortune!

Not angry at any of it all csfb, I just made an observation as to the son making a move on his parents good fortune as if it was his! And we all know darn well it's not! His father won the lottery, not the son! Tr... [ More ]

Comment #27

BaristaExpress — Tue, 20 Nov 2007 15:40:13 GMT

Hey KY Floyd, go back and take a good look in the article where the son says he's going to quit his job with the police dept. And also his making the comment We're rich . How does his father winning the lottery make him (the son) rich? The son is the one who has assumed!

I have explained enough, but it's time for you to go back and re-read the whole article, then you just might have a slight hold on things before making your next comment

Comment #26

csfb — Tue, 20 Nov 2007 07:10:48 GMT

Are you angry that the son plans to quit his job?

Are you angry that dad is gonna share with wife and son?

Are you angry that dad is going to support the whole family?

Man, your slip is showing

Comment #25

KY Floyd — Tue, 20 Nov 2007 06:13:37 GMT

What's the basis for assuming that the son is assuming anything? If you've raised children who can't hold a job, are drunks or druggies, or have some other significant inability to function giving them a free ride isn't likely to make them a better person, though I think there'd often be a pretty good argument that you had played the major role in how they turned out. It sounds like these people raised a kid who turned out just fine, and they've got more than enough to set him up for life if the... [ More ]

Comment #24

BaristaExpress — Mon, 19 Nov 2007 18:31:29 GMT

Family values? Where do you get off at, even bring that kind of statement to the table? Oh Please, I guess we have another holier than thou person again! Family values has not a cotton picking thing to do with it! But only a holier than thou person such as your self would bring such a thing up! Heck, I bet you even think that your brother or sister has an obligation to spread the wealth to you if they won the lottery in another state clear across the country from you! Oh, that's right they have... [ More ]

Comment #23

time*treat — Sun, 18 Nov 2007 20:36:11 GMT

By the son being a cop, he's a target for lawsuits, already. Dad's lottery win would just make matters worse. Plus, whenever any of his collegues felt they were not getting enough overtime ... well, it's less headache to let that all go.

Comment #22

tiber — Sun, 18 Nov 2007 16:16:59 GMT

Only people without family values Think like this, In my family, I win that amount then everybody wins.

Comment #21

colthmn — Sun, 18 Nov 2007 15:45:36 GMT

Oh. PLEASE

Comment #20

BaristaExpress — Sun, 18 Nov 2007 11:05:22 GMT

The younger Gilbert arrived at his parent's house, where they had him double-check the numbers.

I looked at the ticket forward and backward, and I said, 'We're rich now.' Wrong, your dad is rich now!

Tony Gilbert plans to quit his job with the police department and join his parents on several trips. Las Vegas is their first stop, the family said. They've also talked about Hawaii and Jamaica. Then he's going to quit his job! What the heck for? To be a leech? Now that's what I call a low l... [ More ]

Comment #19

Todd — Sat, 17 Nov 2007 16:23:56 GMT

I agree! Whether or not the Hoosier Lottery has corruption issues, one cannot argue that the jackpot went to what seems like a great family. I couldn't be happier for them

Comment #18

tntea — Sat, 17 Nov 2007 14:37:32 GMT

Great story

Comment #17

Uncle Jim — Sat, 17 Nov 2007 13:05:39 GMT

LOLOLOLOLOLOLOLOLOLOLOL...

As a Northwest Indiana native who grew up in Highland I find that joke hilarious!

On another note everything about the Hoosier Lottery is funny and not in a hilarious manner. It may be a coincidence that the jackpot was won right after Todd started talking about the Hoosier Lottery and it may be a coincidence that it was won in Northwest Indiana after the local paper ran a story where people questioned why it went so long. The bottom line is one can never take... [ More ]

Comment #16

KyMystikal — Sat, 17 Nov 2007 07:31:06 GMT

I'm glad they won but I kind of find it ironic that someone would win so soon after Todd started reporting about the Indiana lotto not being hit after so long.

Comment #15

fastball 9 — Fri, 16 Nov 2007 17:45:13 GMT

I was born in scenic East Chicago, Indiana. I'd say that now the whole family can afford to move to Munster.

Comment #14

kalikgirl — Fri, 16 Nov 2007 13:33:58 GMT

Congratulations on your Winnings ! Las Vegas need to be your last stop. please dont spend it all one place. Bring some to Freeport, Grand Bahama island

Comment #13

pumpi76 — Fri, 16 Nov 2007 10:05:16 GMT

Congratulations to the Gilberts...

And i thought Black people didn't win lotteries...lol...What i am trying to say is that for years i've been waiting to see a Black person win multi-millions in the lottery...Is always our Caucasians counterparts winning...And like how Blacks are becoming the shrinking minority in the U.S....

Comment #12

richnj1 — Fri, 16 Nov 2007 04:01:31 GMT

From the Indiana Lottery web site; the article's cash option estimate must have been an error:

Q. What is the difference between the cash option and the annuity option in the Hoosier Lotto game? A. The Hoosier Lottery advertises the estimated annuity jackpot. If you win, this jackpot amount is paid in equal annual payments over 30 years. However, within sixty (60) days of the drawing, the winner may elect to receive a cash option prize paid in one lump sum. The cash option will be approximat... [ More ]

Comment #11

konane — Fri, 16 Nov 2007 00:24:07 GMT

I was actually thinking something had happened to my dad, because my dad's health hasn't been that good.

Couldn't have come at a better time for them! Congratulations to the Gilberts

Comment #10

time*treat — Thu, 15 Nov 2007 21:41:57 GMT

Like other grandparents, he used his grandchildren's ages to pick some of the numbers.

The 35 39 are the ages of the son daughter-in-law.

Comment #9

tnlotto1 — Thu, 15 Nov 2007 21:11:25 GMT

congratulations to these winners. they look very happy

Comment #8

4thquarterbabe — Thu, 15 Nov 2007 20:14:28 GMT

Congratulations to the Gilberts

WTG

Comment #7

RJOh — Thu, 15 Nov 2007 19:13:41 GMT

Maybe they don't buy an annuity but just put the money an a saving account that pays 3% API and write yearly checks until it all gone.

Or maybe they do buy regular annuities, but they are only obligated to pay out the advertised jackpot amounts so they also make some additional profit off the investments.

Comment #6

JAP69 — Thu, 15 Nov 2007 19:09:02 GMT

With over one year before it has been won there could be a couple reasons.

The jackpot pool money could have been put into an interest bearing account after each draw until the jackpot is won.

Could be there was not much lower tier prize money paid out and that money was added to the next jackpot pool.

Comment #5

RJOh — Thu, 15 Nov 2007 18:59:26 GMT

I like his system, grand children ages and the age of his dog, although he seems young to have grand children of ages 35 and 39.

Comment #4

JackpotWanna — Thu, 15 Nov 2007 16:55:23 GMT

and son, Tony Gilbert, a detective with the East Chicago Police Department. - I don't think many people will bother them.

Gilbert said he would take the cash option instead of annual payments, meaning he will receive $40.4 million before taxes. - Pretty high for cash value. Must be a typo.

Las Vegas is their first stop, the family said - No! No! Should be last stop.

Comment #3

SmoothJuice — Thu, 15 Nov 2007 16:34:46 GMT

Congratulations to that guy. He's a retired steelworker; probably worked very hard most of his life. I hope he can rest and play golf every day. I also hope his family doesn't screw him over the money.

Comment #2

Bradly_60 — Thu, 15 Nov 2007 16:17:16 GMT

Can anyone tell me why the cash option was so high? I mean it is almost 75% of the annuity value. Does the Hoosier Lotto have a very short annuity or what is the difference between this one and all the other ones. I mean interest rates aren't that low.

Brad

Comment #1

JackpotWanna — Thu, 15 Nov 2007 15:31:59 GMT

WTG on your win

Year-old Indiana Lottery jackpot finally won

Lottery Post — Thu, 15 Nov 2007 15:13:58 GMT

Retired steel worker opts for $40 million cash option

A retired steelworker is the recipient of the Indiana Lottery's infamous jackpot, which has been mysteriously building over a period of more than a year. Hoosier Lotto is typically won about a half-dozen times per year.

The family's rush to confirm their winning $54.5 million Hoosier Lotto ticket caused a brief scare before they all realized the good news.

Peter Gilbert, 62, East Chicago, appeared at Hoosier Lottery headquarters in... [ More ]