Christmas Day Powerball lottery winner claims $48.8M jackpot

Comment #15

HaveABall — Wed, 09 Feb 2011 22:29:51 GMT

Well, joshuacloak, it's a creative idea. However, don't accidentally forget about the CAP on deductions -- usually it isn't worth obtaining more gambling losses. That's why a renowned, tax attorney is probably the FIRST resource to hunt down during the month that you spend interviewing and asking these professionals. Often, the multi-million dollar winner's focus is instead about creating some type of tax sheltered corporation, foundation, charity, and/or family trust (if one has children or dep... [ More ]

Comment #14

butterflykt — Tue, 08 Feb 2011 15:00:17 GMT

What a way to start the new year....

Comment #13

megamanX — Sun, 06 Feb 2011 06:36:27 GMT

Tax deductions and tax credits are not equal. In fact, there are HUGE differences between the two. Do yourself a favor and google, tax deductions vs tax credits. It would suck if you won the lotto and then ended up broke and up to your eye balls in debt a few years later.

In a nut shell, tax credits will lower your tax liability dollar for dollar but unfortunately tax deductions will only lower your tax liability up to a certain amount depending on your tax bracket.

If you were in the 35 p... [ More ]

Comment #12

megamanX — Sun, 06 Feb 2011 05:15:15 GMT

Carolyn should enjoy her good fortune. Who wouldn't want to be a spokesperson for the New York Lottery? Sounds like a cushy job to me.

Comment #11

joshuacloak — Sat, 05 Feb 2011 23:52:03 GMT

DETlotterypaye

about tax's on powerball and mega million jackpot wins

they withhold 25%, onless a charity ,none tax entity claiming it LOL

thro the top fed rate is 35% , so they need to pay a other 10% ontop of the 25% they taken later, and am not even going into if you live in a income tax state rates. see usamega for their jackpot

Jackpot Analysis

however, if say you won, and like given Half or some large amount away, when you file for your income tax's on that... [ More ]

Comment #10

tiggs95 — Sat, 05 Feb 2011 21:51:48 GMT

ATTENTION SULLY: Carolyn is the Lottery spoksperson and not the winner..Try to keep up and thanks for playing along..

Comment #9

DETLotteryPlaye — Sat, 05 Feb 2011 18:13:57 GMT

so wait

can you file for taxes and get some of it back

Comment #8

dallascowboyfan — Sat, 05 Feb 2011 02:56:41 GMT

congratulations to the winner....

Comment #7

JWBlue — Sat, 05 Feb 2011 02:08:59 GMT

The tax bill was $8.4 million. His payout ends up being about $16 million.

Still. I have said many times on this board. The advertised anuity amount is blatant false advertising.

Comment #6

buttercake — Fri, 04 Feb 2011 21:41:25 GMT

Its amazing how a $48.8m win would result in a $8.4m payout, it feels like you win big just in order to pay huge tax back to the government, this is sad as you can't say your a $30m $40m $100m and so on lottery winner not if you opt for your winnings to be paid in annuity payments.

Congrats to the winner and I hope he or she makes the best decision as to how he or she would like payment of this winnings to be made

Comment #5

ressuccess — Fri, 04 Feb 2011 19:50:53 GMT

Congratulations to the Powerball Jackpot winner in New York on Christmas Day.

Comment #4

megamanX — Fri, 04 Feb 2011 16:55:30 GMT

yeah. I can't believe I missed that. 48.8 mil with one ticket. I wish it was me

Comment #3

Bagent — Fri, 04 Feb 2011 16:23:44 GMT

I am not for certain, but the article stated that a computer was used to pick the numbers.

Comment #2

sully16 — Fri, 04 Feb 2011 16:05:36 GMT

Congrats Carolyn enjoy your good fortune.

Comment #1

megamanX — Fri, 04 Feb 2011 15:11:03 GMT

nice, they spent only $1. I wonder if the numbers were quick picks.

Christmas Day Powerball lottery winner claims $48.8M jackpot

Lottery Post — Fri, 04 Feb 2011 15:05:03 GMT

The winner of a $48.8 million Christmas Day jackpot has come forward to claim the prize, New York Lottery officials confirmed Thursday.

Carolyn Hapeman, a New York Lottery spokesperson, said the ticket-holder came in on Tuesday afternoon to claim their prize more than a month after it was sold at the Stewart's Shop at 4208 Route 50 in Wilton, New York.

Hapeman declined to identify the winner until the verification or auditing process of the ticket has been completed. That process, because... [ More ]