Unemployed N.Y. Man Wins $14 Million Lottery

Comment #27

mpat69 — Tue, 29 Apr 2008 20:14:44 GMT

Wish I could be so lucky. I would love to finally retire for real.

Comment #26

JackpotWanna — Thu, 24 Apr 2008 15:54:58 GMT

He only spent 5 bucks and won $14 million ( Net $5 Million ) Goes to show you don't need to spend lots of money to win the lottery. Amazing story. Good luck to all Millionaire wannabees.

Comment #25

DC81 — Wed, 23 Apr 2008 07:56:21 GMT

I dunno about that considering how things turn out for a lot of winners such as David Edwards for an extreme example. Then there's always our good friend Jack Whitaker who was already a millionaire when he won the biggest US lottery (at the time) in history and recently nearly won again but only got the $10,000 prize. The thing that kind of bugs me about that is his story on how the lottery ruined his life or however it went, yet he still plays and nearly won another jackpot. I wonder if he dona... [ More ]

Comment #24

dingo — Wed, 23 Apr 2008 04:50:31 GMT

Somtimes, I wonder. Is it because somebody out there that desperately need win lottery more than do? I that's why they win. Keep thinking of this idea makes me happy.

God is the Champion of using JIT System (just in time).

I'm so happy for these people.

Comment #23

Piaceri — Wed, 23 Apr 2008 02:22:52 GMT

Oh dear - it's all Bush's fault. Yep - he made all those people buy too much house at subprime rates and forced them to take out multiple credit cards and charge them all up. But the Democrats will come to the rescue, increasing taxes for the evil rich families who make more than $250k. The Democrats will tax them until they have to lay off the families they employ in order to pay their taxes so that the government can take care of all of us. That'll work.

....Cuz the Obama Man can....oops, I... [ More ]

Comment #22

Piaceri — Wed, 23 Apr 2008 02:11:50 GMT

Oh, sorry to hear about the heart problems GamerMom. My sister is a heart nurse in Dallas, or was - she's out of patient care and works in quality control. The heart is not something to take lightly. Good plan on your part.

For me, I don't have any such long term problems that would weigh one way or the other for my decision. I've kind of looked at both options, and I find that my investment guru could probably make as much annually on average with the lump sum as the annuity payments... [ More ]

Comment #21

Prob988 — Wed, 23 Apr 2008 02:07:27 GMT

Well, if you're disturbed by taxes, you are perfectly free to move to the Congo, or Dafur, or Bosnia or Iraq.

I assure yoiu that evil liberals will not be able to collect taxes in those places.

Speaking of fools, suppose you were to win the lottery in your smug way, and then find that you are living in a country with no infrastructure.

It would seem to me given that conservative rule just piles up debt and debt and debt, causing the value of the dollar to fall by half, that conservativ... [ More ]

Comment #20

GamerMom — Wed, 23 Apr 2008 01:38:17 GMT

No, I think i would take the annuity for a piece of mind for long term security after I quit my job. I have a congenital heart defect, something called Tetrology of Fallot, and I don't think anyone would ever sell me medical coverage here in these United States where we are sooo lucky to not have universal medical care. I would need to ensure that I have money coming in for a long time in case i ever needed a heart valve or other major heart surgery.

Would you pick the lump sum and why... [ More ]

Comment #19

TheGameGrl — Wed, 23 Apr 2008 01:35:20 GMT

Thank you gamermom for your commentary. The previous poster made an overgeneralized *ASSUMPTION* based on one part of the mans finance. Heaven forbid if that guy saw some of my finance. If I said I am 60k in debt most would shutter, yet maybe its from a mortgage, a car payment and a hospital bill for an ailing relative . ....all which get paid monthly as agreed ...yet its still a debt none the less....

ANyways the guy DOES have his head on right by saying he is helping those that helped him d... [ More ]

Comment #18

Piaceri — Wed, 23 Apr 2008 01:34:32 GMT

Congrats to the guy. It is heartwarming to hear him say he would take care of those who helped him when he needed it most - his mother and mother-in-law. Here's wishes that he handles his winnings with intelligent decisions.

GamerMom - just curious, why would you have optioned the annuity? Just in this instance, or is it your preference

Comment #17

GamerMom — Wed, 23 Apr 2008 00:50:34 GMT

I thing the last part of your post is unfair. He did just lose his job. He may have had to go into credit card debt to feed his family. :(

Correct me if i'm wrong but I think the article also said he had an advisor and lawyer teamed up already. Sounds like he has a decent head on his shoulders. The only thing I would have done differently would have been to take an annuity.

Comment #16

dphillips — Tue, 22 Apr 2008 23:52:42 GMT

And then...there are the lucky -- and there are the damn lucky! Imagine, being out of work, spending some of your tax refund, and hitting the jackpot. Life doesn't get any better than that, does it

Comment #15

psykomo — Tue, 22 Apr 2008 23:41:48 GMT

YES yes SENIOR P:

YOU have TIME to move to FLORDIA or any country U-wish before

the GREAT CONTEST take's PLACE BUTT

vote for O'BAMA TAKE CHANGE in UR LIFE$$$$$

HELP AMERICA PLEASE HELP the POOR people

vote for a DEMOCRAT PLEASE PLEASE!

LOL

PSYKOMO

Comment #14

MeFirstYouLast — Tue, 22 Apr 2008 23:07:01 GMT

Remember, he is a resident of NY State. Their scartch-off tags are always annuity. So, unless you are amongst the rarist people in the universe, you loose 50% by choosing cash (liump sum). Blink, and the $14M became $7M. Then come the tax people. There is 6.85% for the state, gone with the second blink. Then the feds, who will grab around 38-42% with another blink. When you look at the shiny lure, you blink, and every time you blink, your win drops. If he is lucky, the city, county, or other mun... [ More ]

Comment #13

psykomo — Tue, 22 Apr 2008 23:03:50 GMT

SOS what is the PROBLEM ???????????????

when HILL or O'BABA get's to be PRESIDENT we will HAVE change

in ALL our POCKET'$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$I

IF I have any spare CHANGE???then I will play the LOTTERY!

LITTLE PEOPLE can live-off GOODWILL foodbank's and they kan

say screw taxes

I'm GONNA WIN de LOTTERY and BE

free free @@@@ LAST FREE!

give too GOODWILL and

dee SALVATION ARMY 2

LOL

PSYKOMO

Comment #12

GamerMom — Tue, 22 Apr 2008 22:42:09 GMT

I absolutely love to hear stories like this. I'm so glad someone that deserved and needed it it so much won.

Comment #11

justxploring — Tue, 22 Apr 2008 21:42:44 GMT

I believe this was mentioned in the news article.

He had opted to take a lump sum, which means that after taxes he will receive $5,052,675.

Comment #10

MillionsWanted — Tue, 22 Apr 2008 21:27:35 GMT

A 65% tax on lottery winnings? That sounds like way too much.

Or is it that the lump sum reduces the winning to half and he pay taxes on that: $2,000,000

Comment #9

justxploring — Tue, 22 Apr 2008 21:12:04 GMT

Hi, Jackpot Wanna. I never said that $5M isn't a lot of money. (actually, I didn't write anything) However, I've always said I'd be happy with any win. Please re-read the first sentence I quoted and then the second. The key word here is netted.

Comment #8

JackpotWanna — Tue, 22 Apr 2008 20:40:59 GMT

I wouldn't mind that figure in my checking account. Wow and with only a $5 investment!

Enjoy your moola.

$5,052,675

Comment #7

justxploring — Tue, 22 Apr 2008 19:37:06 GMT

... the ticket netted him $14 million.

He had opted to take a lump sum, which means that after taxes he will receive $5,052,675.

Comment #6

ThatScaryChick — Tue, 22 Apr 2008 18:32:22 GMT

Congrats to him! He was very lucky indeed

Comment #5

JackpotWanna — Tue, 22 Apr 2008 17:34:36 GMT

I love these types of stories. Rags to riches. WTG

Comment #4

NBey6 — Tue, 22 Apr 2008 16:31:47 GMT

Glad he listened to Thing 2 (Desire to win) instead of Thing 1 (Guilt)!

Congratulations and many more blessings to follow

Comment #3

konane — Tue, 22 Apr 2008 16:21:55 GMT

Congratulations to him and the other winners

Comment #2

lottocalgal — Tue, 22 Apr 2008 15:59:12 GMT

Just in time- I'd say.

Comment #1

MillionsWanted — Tue, 22 Apr 2008 15:51:45 GMT

Lucky for him! Hope he spend it wisely.

Unemployed N.Y. Man Wins $14 Million Lottery

Lottery Post — Tue, 22 Apr 2008 15:04:30 GMT

Incognito winner sports black marker mustache and shades

What do you do when you've been unemployed for months and your tax refund comes through on April Fools' Day? Michael Perez, 51, of St. Albans decided to take a chance and put $5 on the New York Lottery.

I felt guilty spending the money, I needed it for other things, he said. He no longer feels guilty; the ticket netted him $14 million.

Perez was joined at the Queens Botanical Garden on Tuesday by representatives of the New Yor... [ More ]