N.C. man claims $141M Powerball lottery jackpot

Comment #36

Guru101 — Mon, 01 Mar 2010 22:08:04 GMT

Having an annuity gives the winner an alternative to taking a lump sum payout, which, depending on the winner, could be beneficial. I'd assume age and manageability are the biggest factors.

Comment #35

JWBlue — Mon, 01 Mar 2010 17:04:26 GMT

Why is it even necessary to offer an annuity? What is the purpose of offering one

Comment #34

rdgrnr — Mon, 01 Mar 2010 04:02:05 GMT

But if you act right now we'll double your order and send you six pants extender buttons all for just $19.95! (just pay extra shipping

Comment #33

Guru101 — Mon, 01 Mar 2010 03:30:39 GMT

It's not false advertising because the prize itself is an annuity OR lump sum, whichever the winner chooses. This is stated in the rules of the game which the player is responsible for reading, although a lot of people don't bother reading the rules of jackpot games such as Powerball, Mega Millions, or Lotto. They just see the jackpot amount, want it, and buy tickets for it. Whether or not they were unaware the advertised was an annuity not is their responsibility.

I'll say what I've said bef... [ More ]

Comment #32

JWBlue — Sun, 28 Feb 2010 20:17:38 GMT

Why even advertise an anuity amount? Doesn't it make more sense to advertise the amount a winner will recive in one lump sum at the time of of the drawing?

Why don't they put the cash value in big numbers and the annuity amount below in small letters? It is misleading. Looking up the definition of FALSE in the dictionary, one of the definitions is c : intended or tending to mislead

IT IS FALSE ADVERTISING

Comment #31

Raven62 — Sun, 28 Feb 2010 15:22:08 GMT

It boils down to the Time Value of Money:

The Time Value of Money is the value of money figuring in a given amount of interest earned over a given amount of time.

Comment #30

time*treat — Tue, 16 Feb 2010 14:42:45 GMT

Some folks don't play unless the advertised jackpot is above $100 million. To get them to part with those dollars, the larger of the two numbers will be promoted. Full disclosure in advertising? That'd be like letting you take home your entire pay check all year and then presenting you with your entire tax bill all at once. Far better (for them) to take your money over to course of the year. Look at all the people who cheerfully await their refund .

There's a reason so many prices end in $X.... [ More ]

Comment #29

dpoly1 — Fri, 12 Feb 2010 15:55:53 GMT

If you look .... that is $47 Million out of the CASH option.

The $141 Million is the Anuity.

Why do people make this so complicated.

They DO advertise the Cash Value

Comment #28

charmed7 — Fri, 12 Feb 2010 12:57:40 GMT

47 mill from 141 thats alot of TAXES wow!

Congrats to the winner

Comment #27

maringoman — Thu, 11 Feb 2010 21:08:16 GMT

A man wins $141M and gets only $47M?? Dont get me wrong, that 47 number is still more loot than what 95% of of US citizens have but still.

I wish they change the way they advertise the jackpots and just say something like Fridays megamillions jack pot is $47M

Maybe I need a cold beer ha ha ha

Comment #26

dpoly1 — Thu, 11 Feb 2010 14:32:37 GMT

As for me ........ I will be drinking more tea ........ like the majority !

Congrats to the Winners

Comment #25

barbos — Thu, 11 Feb 2010 06:55:06 GMT

Congratulations! Pity they cannot claim anonymously. Still with these money they can find a private place.

Comment #24

KY Floyd — Wed, 10 Feb 2010 23:00:09 GMT

That he was right the other 195,249,049 times he said it.

Comment #23

GYM RICE — Wed, 10 Feb 2010 21:48:02 GMT

Since I shave my head just about every other day. If I won I would purchase a very good long haired wig and follow your advice with the Ray Charles sunglasses and baseball hat...I'd even consider a fake rubber nose for the photo session...

Comment #22

grave — Wed, 10 Feb 2010 21:37:03 GMT

Yeah too true..... if it were me i would have had on my baseball cap really low and a set of ray charles sunglasses and plead the 5th on all the question that were asked or say no comment..

Comment #21

grave — Wed, 10 Feb 2010 21:32:00 GMT

Comment #20

konane — Wed, 10 Feb 2010 18:38:40 GMT

Congratulations to the Griffins

Comment #19

fwlawrence — Wed, 10 Feb 2010 18:25:22 GMT

Griffin, who had a hard time hearing questions-- This will come in handy when people ask him for money

Comment #18

savagegoose — Wed, 10 Feb 2010 11:20:42 GMT

yeah told 2 people too many, the banker and his mate, oh if you ignore THE REST OF THE WORLD .

good luck, mite want to iinvest in a how to disappear yourself book.

Comment #17

Nino224 — Wed, 10 Feb 2010 07:28:35 GMT

People just don't learn.

There they are telling the whole world about their money and plans for it. So naive and trusting. I almost feel sorry for them. My guess is the Griffin's affable disposition will disappear as soon as the throng of parasites descend upon them. Three words: Dee Dee Moore.

Comment #16

dopey7719 — Wed, 10 Feb 2010 04:58:14 GMT

I live a couple of hours from Ashville....have actually bought lottery tickets there before. Good for him. I always say I'll play it safe and contact an attorney accountant before claiming the prize but who am I fooling???!!!

I'd be at the door first thing in the morning waiting for them to open!!!! I'd be terrified of holding on to a tiny piece of paper worth THAT much money. I'd just have to deal with the fallout later.

One day it will be nice to tell all of the lottery cynics that look... [ More ]

Comment #15

time*treat — Wed, 10 Feb 2010 02:53:06 GMT

What's ol' Larry saying now

Comment #14

LadyMylena — Wed, 10 Feb 2010 02:07:59 GMT

Well, we screwed up somewhere, Guru. I am just SURE that this was the jackpot we were supposed to split. I guess we'll just keep trying.

Big congrats to the winner, I hope he really enjoys it, and it brings nothing but happiness

Comment #13

LadyMylena — Wed, 10 Feb 2010 02:02:15 GMT

That would be me, I'd be there faster than wildfire! lol

Yea, that other guy, he lived a couple of counties North of me (I remember that night distinctly, it was a night I thought for sure I was going to win it, more than any other night in my life). My understanding was that he wanted to surprise his wife, and then of course, she was at the conference with him. His wife was quoted as saying I work at the Senior Center and we were having our Thanksgiving dinner yesterday, said Kathleen. I wa... [ More ]

Comment #12

Guru101 — Tue, 09 Feb 2010 23:07:24 GMT

Congratulations to the winner.

Comment #11

larry3100 — Tue, 09 Feb 2010 22:56:25 GMT

I have one comment to make to frank and Loretta...RUN !.

Comment #10

grave — Tue, 09 Feb 2010 21:31:54 GMT

Congrats to them!!!! he claimed his prize fast just as fast as that other guy that didnt tell his wife who worked 2 or 3 jobs......

Comment #9

ThatScaryChick — Tue, 09 Feb 2010 19:02:54 GMT

Congrats to them on their win

Comment #8

petergrfn — Tue, 09 Feb 2010 18:44:04 GMT

Sadly I'm not related.... Although I could be convinced to be a long lost relative ....LOL Seriously though this guy seems like a nice fellow and I wish him well...however he may wish he hadn't come forward and been so public. Good luck Griffins

Comment #7

wizeguy — Tue, 09 Feb 2010 17:13:14 GMT

Congrats to the Griffin family! Another one for QuikPiks

Comment #6

joshuacloak — Tue, 09 Feb 2010 16:17:11 GMT

a other record old person wins!

but am glad they are happy about it,, they said they have grandkids so they are about to get spoiled am guesting

rich grandparents always love to spoil their grandkids rioten in my mind

something special about spoiling your adult kids , kids

like in your face, you was a spoiled little brat

, now you can deal with what we dealed with,, payback is best served cold son

Comment #5

Littleoldlady — Tue, 09 Feb 2010 16:04:46 GMT

They are so cute and she is just giggling like a school girl....I love it

Comment #4

beaudad — Tue, 09 Feb 2010 15:18:45 GMT

I agree.........congrats to them.......

Comment #3

sully16 — Tue, 09 Feb 2010 14:39:01 GMT

congrats to the Griffins.

Comment #2

kumazi30 — Tue, 09 Feb 2010 14:15:10 GMT

Congratulations to Frank Griffin and his wife Loretta Griffin.

Comment #1

lottocalgal — Tue, 09 Feb 2010 14:13:57 GMT

Congrats to the winner

N.C. man claims $141M Powerball lottery jackpot

Lottery Post — Tue, 09 Feb 2010 12:34:56 GMT

Takes cash option, netting $47 million after taxes

Retired Asheville Fire Department employee Frank Griffin is $47 million richer, but he has few grand plans for the money. He mainly wants to spend more time with his wife.

I may get us a new house later, but I really want to spend more time with her and my grandchildren, Griffin said Monday at a news conference where he was introduced as the sole winner of the $141 million Powerball lottery jackpot.

Griffin choose the $69 million cash