Iowa man nearly lost $1 million Powerball prize

Comment #21

myturn — Fri, 22 May 2015 01:10:33 GMT

This is one of the reasons why I only play by subscription. I also find it very convenient and it generates more revenue for the state, no commissions paid to agents.

All states should offer a subscription service

Comment #20

VenomV12 — Wed, 20 May 2015 05:00:21 GMT

For the love of God stop giving clerks your d@mn tickets. If you can't check numbers yourself or know how to run a ticket under a scanner you don't deserve to win the lottery. Take a pen, get your ticket, get the winning numbers and circle or underscore each number on your ticket that corresponds to the winning ones, not that hard.

Comment #19

noise-gate — Wed, 20 May 2015 02:18:12 GMT

They give their tickets to Store Clerks to check them because some people cannot read the message the machine are putting out. These clerks have become family and they trust them.

Comment #18

noise-gate — Wed, 20 May 2015 02:12:14 GMT

So what originally looked like a $750,000 nest egg will be downsized to just over $600,000? Oh the Horror.

Comment #17

Murgatroyd — Wed, 20 May 2015 00:45:09 GMT

Not quite right. Tax rates are marginal, so the 39.6% only applies to the portion of the income over a certain amount. For 2015, the official wording is $119,996.25 + 39.6% of the amount over $413,200 . For a million dollars, ignoring deductions, that comes to $352,369.05.

Comment #16

mypiemaster — Tue, 19 May 2015 20:57:48 GMT

Why do people still go to store clerks{or give their tickets to store clerks} to check if their tickets are winners? Nowadays, there are so many ways you can check your tickets, without getting near a store clerk. A fool and his money soon go separate ways

Comment #15

maringoman — Tue, 19 May 2015 20:37:12 GMT

Close call. He would have cried from 3 nights and be depressed for the years

Comment #14

Lynn-Lynn — Tue, 19 May 2015 19:55:07 GMT

Congratulations on your win

Comment #13

LottoLucy — Tue, 19 May 2015 18:16:19 GMT

Unfortunately the 25% isn't the end of your obligation to the Feds. That 25% is just what is called withholding tax. It is like what is withheld from your paycheck each pay period to make sure they get their piece of the action up front. That 25% is to assure that the government gets at least something up front from your winnings. After that you will most likely have to pay quarterly estimated taxes and then something when you do your taxes for that winning year. If you are a big winner you prob... [ More ]

Comment #12

Stack47 — Tue, 19 May 2015 18:08:44 GMT

The form to declare whether you want CASH lump sum or the Annuity will be given to you at the Lottery Office.

The only annuity is for the jackpot. Kemp matched five numbers and won $1 million.

Comment #11

Stack47 — Tue, 19 May 2015 18:01:04 GMT

There was no reason for him to go to a store and validate the ticket because all prizes of more than $250,000 must be claimed at the Iowa Lottery headquarters office in Des Moines .

Prizes of more than $600 may be claimed either by mail (see below) or by visiting an Iowa Lottery office. However, please note that all prizes of more than $250,000 must be claimed at the Iowa Lottery headquarters office in Des Moines. Powerball, Mega Millions and Hot Lotto jackpot prizes along with some special m... [ More ]

Comment #10

duckman — Tue, 19 May 2015 16:13:33 GMT

As long as he has all the pieces of the ticket he is good to go. On torn tickets where pieces are missing, the lottery may take additional time to validate the ticket and could possibly deny payment if key pieces were missing.

In this case, the winner will get paid with no problem...

Comment #9

needinghelp — Tue, 19 May 2015 16:09:07 GMT

There are more and more cashiers who have no clue of what they are doing..... There should be more in depth training for cashiers on how to operate equipment properly. There are just too many mistakes happening all around the country. Players have to become more educated on how to check their tickets whether in store online or a trip to the lottery office.

Comment #8

mrlottojackpot — Tue, 19 May 2015 16:00:41 GMT

actually federal only takes 25% for gambling and not the full 39.6% if u look at irs web site for claiming gambling winning for example keno, casino winning, track wins, its all 25% then whatever ur state and city make.... look up w-2g form and it just tells u it with be 25% or 28% for some and not usa citizens is 30% no where does it say 39.6 i used to think it was to

Comment #7

music* — Tue, 19 May 2015 15:50:58 GMT

Pete Kemp of Des Moines , Iowa. Do not forget the rest of the Federal Taxes owed. The IRS is not satisfied with just 25% . They want 39.6% total Federal taxes. That works out to be a total of $396,000.00 . Not $250,000.00

Paper works are... Winners Claim form, two sets of ID such as Drivers License and Social Security card with your number on it. The form to declare whether you want CASH lump sum or the Annuity will be given to you at the Lottery Office. You can get this form from the Lotter... [ More ]

Comment #6

dr65 — Tue, 19 May 2015 15:36:14 GMT

Whew...I just skimmed the article - I do remember some state denying a claim for a less than pristine/in good

condition ticket. Maybe it was evidence of eraser marks or damage but I recall a story here on LP about someone

being denied their money due to ticket condition. Sad. If the numbers are there, pay the winner.

Comment #5

ThatScaryChick — Tue, 19 May 2015 15:19:26 GMT

I'm thinking he had a printout from the terminal saying he was a winner before the ticket got torn up.

Comment #4

ThatScaryChick — Tue, 19 May 2015 15:18:19 GMT

As long as he had his paperwork, the damage to the ticket wouldn't affect his ability to claim the prize, officials said.

The Iowa Lottery presented Kemp with a large, $1 million check Monday morning around 11:00 a.m. He came close to winning at least a share of Saturday's $110 million jackpot by matching the first five numbers but missing the Powerball, according to a news release.

They gave him his money because he had his ticket and some other proof.

Comment #3

dr65 — Tue, 19 May 2015 15:12:23 GMT

Good luck with that claim. The ticket is torn in half. It's up to the lottery officials now.

Comment #2

plumsage — Tue, 19 May 2015 13:18:20 GMT

What kind of paperwork did he get from the store other then his lottery ticket? Or what kind of paperwork in general did he have to give to the lottery officials

Comment #1

zephbe — Tue, 19 May 2015 12:29:31 GMT

Congratulations to him--did he have to have the store validate his ticket before taking it to the lottery office? Or did he have them check it because he didn't know he had won

Iowa man nearly lost $1 million Powerball prize

Lottery Post — Tue, 19 May 2015 11:57:08 GMT

By Todd Northrop

A Des Moines, Iowa, man claimed a $1 million Powerball prize Monday morning, a day after his winning ticket was nearly lost.

Pete Kemp of Des Moines said he had his winning ticket checked at a Cash Saver supermarket on Fleur Drive Sunday, but during the process of getting paperwork from the lottery terminal, the clerk accidentally threw away his ticket.

Kemp said he realized the mistake within seconds and went back into the store, where the clerk was able to retrieve hi... [ More ]