Indiana couple claims $27.5 million Lotto prize

Comment #30

BellasBMWLucki — Tue, 17 Jun 2014 02:02:45 GMT

ha!

how true lol

or so i hear.

adios

Noche

Comment #29

BellasBMWLucki — Tue, 17 Jun 2014 02:02:03 GMT

quite astute post here.

i was thinking same thing,i notice that.

Good eye!

y' Felicidades,so nice to see this!

adios Noche.

Comment #28

Arrowhead — Wed, 11 Jun 2014 02:36:20 GMT

Net cash value= $29.9 mil...

Annuity year 1 = $1,743,760, Annuity years 2-30= $1,729,560

Comment #27

Arrowhead — Wed, 11 Jun 2014 02:14:48 GMT

Now up to $73.1 mil...about 2.5 years since a JP winner. Utterly ridiculous.

Comment #26

HaveABall — Tue, 10 Jun 2014 23:59:42 GMT

Woo hoo! Those near and in Ohio should definitely be playing this. If won, I hope the winner is willing to kick their accountant adviser for advising to take the cash value if they find out that the gross cash value is only 35-40% of the annuity

Comment #25

Get paid — Mon, 09 Jun 2014 18:29:59 GMT

Congrats to the winners. Trust me your life will change,everybody in ur town knows u have lots of money.Thats a game changer.

Comment #24

Arrowhead — Sat, 07 Jun 2014 23:09:22 GMT

Tonight's Ohio Classic Lotto JP at $72.5 mil.....net cash value amount $25.737 mil.

Comment #23

Drenick1 — Sat, 07 Jun 2014 20:39:40 GMT

With the cash value being 40% of the jackpot, this is one case where I would take the annuity instead of the cash option. But considering that the couple that just won this prize are considerably older than I am, then it's probably best that they just take the cash option.

Comment #22

dognabit — Sat, 07 Jun 2014 18:10:47 GMT

Hate me all you want, but after a drop-off like that, I'd seriously consider taking the annuity.

Invest half the money and live off the other half.

Comment #21

CDanaT — Sat, 07 Jun 2014 14:54:32 GMT

ROFLMAO

Comment #20

mediabrat — Fri, 06 Jun 2014 22:57:12 GMT

Exactly. Well said.

Comment #19

Arrowhead — Fri, 06 Jun 2014 19:18:26 GMT

When JP winners say they will 'not change who they are' they are subconsciously saying they will try not to change who they are, because they don't desire to change who they are.

And in the case of this couple, who are not exactly kids, this relatively modest after-tax JP will indeed probably not change who they are.

These folks are not $100-300 mil MM or PB winners. THAT 'changes who you are'.

Comment #18

DDOH937 — Fri, 06 Jun 2014 17:56:26 GMT

Despite their new wealth, the Millers say they have no intention of changing who they are .

When will people learn and stop say such non-sense???? Firstly you and your life WILL change!! Whether you like it, want it to or not!! Secondly and most importantly, it does'nt matter if you change or not, what lotto winners MUST realize by now is that the way OTHERS see them will change. And as such, you'll have to be smart and adjust.

Happy for them. Way to go. Enjoy, enjoy, enjoy!! But come on n... [ More ]

Comment #17

dallascowboyfan — Fri, 06 Jun 2014 16:11:19 GMT

Congratulation Larry Connie

Comment #16

RedStang — Fri, 06 Jun 2014 15:40:48 GMT

Their lucky they didn't win this in NY. After they paid all the fake State taxes they would end up owing them a $1.

Comment #15

Mattapan — Fri, 06 Jun 2014 12:58:26 GMT

I thought it was just me until I read the rest of the comments. 27,000,000 to 11,100,000 before taxes?? After uncle sam takes his 39.6% and the state gets theirs, it's down to like 5 or 6 million. That's still a lot of money but dam, 22 million of 27 million gone! Also, like I posted before, people think that once you hit the lottery you have to say, We're not going to change who we are. It's become so cliche' it's a joke. Try keeping that same house, try keeping that same job and see how much o... [ More ]

Comment #14

golfer1960 — Fri, 06 Jun 2014 04:05:03 GMT

My man Ridge

Comment #13

MADDOG10 — Fri, 06 Jun 2014 03:23:43 GMT

I wish them Good Luck with their new found wealth

Comment #12

mrcraft — Fri, 06 Jun 2014 02:43:29 GMT

How is this relevant to my post

Comment #11

rdgrnr — Fri, 06 Jun 2014 02:31:34 GMT

I thought it was very rude of the Lottery Executive Director to wear her bathrobe for the picture with the winners.

Comment #10

kenb — Fri, 06 Jun 2014 02:17:05 GMT

Winnings are not subject to state tax.

Comment #9

mypiemaster — Fri, 06 Jun 2014 02:11:08 GMT

Despite their new wealth, the Millers say they have no intention of changing who they are. Yep, famous last words.

Comment #8

Saylorgirl — Fri, 06 Jun 2014 02:08:01 GMT

The Indiana lottery is very stingy in its cash payouts! It was hit again the next drawing.

Comment #7

LottoMetro — Fri, 06 Jun 2014 01:27:00 GMT

The annuity is calculated based on the amount of cash available/projected to fund it, so basically $11.1 million is what they had allocated for the jackpot. 39.8% of sales. Interestingly, the day after this jackpot was won, the lottery amended their rules regarding rollovers and the annuity jackpot.

Comment #6

Arrowhead — Fri, 06 Jun 2014 01:21:48 GMT

That's a nice, tidy, take-home amount, just about right for a couple of this age.

No splurging, no gaudy expenditures, no island home---just easing toward retirement with no debt and a comfy nest egg.

Good for them.

Comment #5

KY Floyd — Fri, 06 Jun 2014 01:08:21 GMT

Officials said the winners had the choice of taking payment of $27.5 million as a 30-year annuity where they would have received about $916,000 annually before taxes or as a lump sum of $11.1 million before taxes.

Apparently it's just 30 equal installments. That means that there's no extra money earning interest in the early years, so it would require more principal to generate the annuity payments than is required for PB or MM, assuming the principal is invested at the same rates. I see 3 p... [ More ]

Comment #4

mrcraft — Fri, 06 Jun 2014 00:05:31 GMT

That lump sum of $11.1 million doesn't sound right. It's 40.7% of the advertised jackpot. PB pays 59.8% and MM pays 57.6% of their advertised jackpot for those that choose cash option. I believe they all make the same number of annuity payments although the annual increases may be different, but that shouldn't account for that big of a discrepancy.

Comment #3

lejardin — Thu, 05 Jun 2014 22:55:41 GMT

Congrats to the newest lottery winners. I would look forward to my life changing and having more options. Individually not sure how I personally wouldnt change. Just hope it would be for the better.

I agree about the check amount. From $27,000,000 to $11,000,000 to a net of approximately $5,500,000 is pretty pathic and misleading. Dont get me wrong, I would love to win even the net amount but those who read this story think they won $27 million only to find out the true amount is considerabl... [ More ]

Comment #2

Pita Maha — Thu, 05 Jun 2014 22:26:44 GMT

Good for them, they sound like a nice, level-headed couple. Except for this:

Despite their new wealth, the Millers say they have no intention of changing who they are.

I'm sure sudden wealth changes you, whether you want it to or not. It'll definitely change the dynamics of their relationship with family and friends, maybe not always for the best. That would change anyone. I think you'd become less trustful of others, a bit more wary. If you want to keep your riches, that is.

I hate how... [ More ]

Comment #1

DoctorWhy — Thu, 05 Jun 2014 22:23:44 GMT

Well, it looks like I won't be playing Hoosier Lotto for a while...

Indiana couple claims $27.5 million Lotto prize

Lottery Post — Thu, 05 Jun 2014 21:59:10 GMT

A Noblesville, Indiana, couple turned their $1 lottery ticket into a multimillion-dollar jackpot.

Larry and Connie Miller claimed their $27.5 million Hoosier Lotto jackpot today the seventh highest for the game at Hoosier Lottery headquarters in Indianapolis.

Hoosier Lottery Executive Director Sarah Taylor presented the couple with their winnings, and they accepted the oversized check with their attorney and accountant at their side.

Despite their new wealth, the Millers say they have n... [ More ]