Free lottery ticket wins N.J. woman $1K a week for life

Comment #27

billybucks — Tue, 03 Jul 2018 20:56:43 GMT

unfortunately bowling has seen a severe steady decline in interest and participation in the last 25 years or so. the one mainstay was thought to be tenpins but declining tv coverage of the pba tour and an inability to find adequate sponsonship for the events they still had has pro bowlers not even able to participate because of expenses. there are still big tournaments and you can earn halfway decent money if you are a top 15 bowler. league participation by amateurs has declined sharply. duckpin... [ More ]

Comment #26

Bleudog101 — Mon, 02 Jul 2018 18:43:22 GMT

Personally wanted to own a bowling center for decades.

It won't happen now @ my age ( I doubt), but it would have had tenpin/duckpin and candlepin. Never did duckpin, it only made it to MD; candlepin strictly New England. Both are wicked hard to get strikes vs tenpins.

Comment #25

music* — Fri, 29 Jun 2018 15:25:36 GMT

Could be another real estate boom/bust cycle in play. Be ready to jump in after a bust.

Comment #24

billybucks — Thu, 28 Jun 2018 22:33:37 GMT

i would think it would be better to buy a 2 unit condo in a top area and be able to charge an outlandish rent to keep out the section 8's and riffraff. it's all about location, location and it is unbelievable what is being charged for rent in exclusive areas these days. affluent professional type people line up to pay it.

Comment #23

LiveInGreenBay — Thu, 28 Jun 2018 18:07:40 GMT

I agree. Takes an act of God to evict deatbeats.

Comment #22

music* — Thu, 28 Jun 2018 16:58:48 GMT

How about business real estate. Stores, laundry mats, convenience stores, offices, government offices and buildings which could require a contract with the government entity, take a drive down the business section of a city and imagine. Some of those tenants are loyal and well behaved.

Comment #21

Bleudog101 — Thu, 28 Jun 2018 16:42:22 GMT

Would imagine it would/could be quite a headache. One of the guys I worked with in PICU did that on the side. He said the government is very strict with Section 8 folks and evict violators.

Something I'll never do is become a landlord.

Comment #20

LiveInGreenBay — Thu, 28 Jun 2018 13:48:30 GMT

I can tell you never owned a rental property.

Comment #19

billybucks — Thu, 28 Jun 2018 12:24:02 GMT

of course they tax the 1000.00 a week. probably her best move would be to buy a 3 or 4 unit property and become a landlord. that would stream in revenue and in 30 years or so sell it.

Comment #18

LiveInGreenBay — Thu, 28 Jun 2018 11:35:39 GMT

If they tax the cash option they probably tax the $1000.00 too. Anyway, even if they didn't, how much would $1000.00 buy in 20 or 30 years? It might be enough to pay your electric bill. LOL

Comment #17

TheMeatman2005 — Thu, 28 Jun 2018 08:02:29 GMT

What do they do when it comes to a leap year? Do you get $366,000 that year or is it always $365,000 / year

Comment #16

music* — Thu, 28 Jun 2018 06:28:16 GMT

Bleudog101, I found the following on USAMEGA FAQ. All California lottery winnings are paid out on a Pari-Mutuel basis. I have no idea how L4L or Cash4L pays its winners. I will leave that up to the CA Lottery Commission.

I agree with your stance on sports betting. The CA Lottery is here to fund Education. My small way to support CA schools.

Comment #15

noise-gate — Thu, 28 Jun 2018 03:19:53 GMT

They don't call it the Garden State for nothing, winners grow there.

Comment #14

beret32 — Thu, 28 Jun 2018 00:58:24 GMT

at age 38 she should have taken the 1k a week.

I agree.

Comment #13

Bleudog101 — Thu, 28 Jun 2018 00:33:47 GMT

That's a very good question. If I were a CPA I'd know the right answer. If I'm not mistaken, they pay just once/year so it should come out the same amount.

Comment #12

LottoHombre — Thu, 28 Jun 2018 00:29:13 GMT

OK, say you win the top prize, $1000/day for life and decide payments. Would you take it as a payment of $7000 every week or as $365,000 every year

Comment #11

billybucks — Thu, 28 Jun 2018 00:26:45 GMT

at age 38 she should have taken the 1k a week. you know she isn't going to save and invest that lump sum entirely. saying that to ward off the moochers. by the time she's 48 she will regret this poor decision. if she lives to age 78 she would have collected 2,000,080.00 before taxes instead of the less than 600k she grabbed today. that's 2,080,000.00 oops. some wealth management guys are drooling over trying to get this account into their fold if she does indeed invest it.

Comment #10

Bleudog101 — Wed, 27 Jun 2018 23:47:46 GMT

music*...maybe some year CA will add Lucky 4 Life or Cash 4 Life.

BTW saw on CA lottery FB page that you can now scan tickets from a smart phone...I of course wrote it would be nice if you offered on-line sales as well.

As tech savvy as California is this should be a no brainer.

Hey, what about sports betting there??? Something I will never do personally.

Comment #9

Bleudog101 — Wed, 27 Jun 2018 23:08:25 GMT

It definitely pays better than Lucky 4 Life; secondary prize of $390K on my Season Ticket in Massachusetts--not that I've won that yet! (Cash option I'm talking about).

Comment #8

LottoHombre — Wed, 27 Jun 2018 23:02:43 GMT

Well, $52.000 a year for life v/s $1m cash. You could retire and made $1m over 20 yrs or $2m if you live for 40 years. A 20ish or 30ish yr. old person already making $35K+ per year would be better off continuing working as long as you love your job - working for someone else.

I'm 64. Cash it is! Apx $650.000 after taxes. A nice vacation/travel or two a year, a new vehicle and a few toys. Maybe even World Series tickets! Ohhh Yaaah

Comment #7

quicksloth35 — Wed, 27 Jun 2018 21:57:06 GMT

Take the money and run off into the sunset!

Preferably this tropical one

Comment #6

Tony Numbers — Wed, 27 Jun 2018 17:09:45 GMT

Man, what is with these people who buy lottery tickets and don't check them? Maybe I should try that strategy, seems to work

Comment #5

music* — Wed, 27 Jun 2018 16:51:04 GMT

Congratulations to Carole Halleran from Wayne, New Jersey

Comment #4

CDanaT — Wed, 27 Jun 2018 15:02:53 GMT

Atta girl Carole !!!!!!

Kudos and Congrats

Comment #3

Raven62 — Wed, 27 Jun 2018 15:02:48 GMT

Maybe Shoprite is the New Lucky Place to Buy Lottery Tickets

Comment #2

wander73 — Wed, 27 Jun 2018 14:58:31 GMT

That is awesome. Good for her.

Comment #1

LiveInGreenBay — Wed, 27 Jun 2018 14:25:30 GMT

I'd take the cash option too. Who knows what the future brings. Take the money and run.

Free lottery ticket wins N.J. woman $1K a week for life

Lottery Post — Wed, 27 Jun 2018 14:08:02 GMT

A New Jersey woman who bought a lottery ticket with a buy-one-get-one free coupon she clipped from a newspaper ended up winning a big Cash4Life Prize.

Carole Halleran got what turned out to be a second-prize ticket while purchasing coffee for her husband at ShopRite in Wayne, state lottery officials said Monday.

Halleran's ticket for the April 19 drawing matched five numbers but not the Cash Ball, meaning it's worth $1,000 a week for life or the cash option of $1 million. She chose the c... [ More ]