8 years after buying $10.8 million ticket, lottery winner says life is 'marvelous'

Comment #12

music* — Sat, 24 Nov 2018 00:03:45 GMT

CDanaT, Have you ever heard of Mark Gardiner? He split a jackpot in Britain with his business partner. Each received 11.7 million pounds. Mark's I did this and If I could do it over confessions were what he did to his close friends. Mark bought the three friends homes near his home. But after the paperwork went through and the friends owned their property they turned around and sold the homes/gifts for cash. Mark lost three friendships.

Mark Gardiner can be found on Australia's Insight. Win... [ More ]

Comment #11

KY Floyd — Mon, 19 Nov 2018 07:45:09 GMT

You might want to reread the story. The $10.77 million was the pre-tax cash value.

Using the nominal tax rates at the time the after-tax take home would have been about $6.8 million, leaving $2.8 million after putting $4 million into a trust for kids and grand kids. It's also worth noting that just because the article reports that they put $4 million into a trust for their kids and grand kids doesn't guarantee that they don't gain some benefit from that money.

Comment #10

CDanaT — Fri, 16 Nov 2018 13:48:41 GMT

Music,

While having the positive success stories of winners years after is wonderful to hear and I do wish we could read a few more from time to time. I also find it a bit more educational of what not to do should someone be blessed with a large jackpot win. Granted, some of it is plain ignorance and/or lack of ethics(imho). I am not a fan of negativity and bad lotto stories as a mainstay but do greatly appreciate the if I could do it over or I did this pitfalls of some winners.

I am thank... [ More ]

Comment #9

music* — Fri, 16 Nov 2018 10:12:52 GMT

with you oate. It is also more fun learning what to do correctly instead of what not to do.

Comment #8

MamaWins — Thu, 15 Nov 2018 02:42:46 GMT

The jackpot was $16.7 million. The $10,774,362 was the take home after taxes.

Comment #7

EdG1955 — Wed, 14 Nov 2018 22:48:12 GMT

The lump sum was $10,774,362. Taxes were what, at least $4 million. They set up a $4 million trust fund for kids, etc. Meaning they were left with about $2 million for themselves, and since they appear to be spending wisely, that could easily last the rest of their lives when combined with his pension, their Social Security, and any other available retirement funds. Nicely done, Mr. Mrs. Crowther

Comment #6

oate — Tue, 13 Nov 2018 02:23:41 GMT

Yep, but the media prefer to focus on the minority who are dysfunctional. This is a great feel-good story and I think there are many many more winners like the Crowthers who are level-headed. I'm very happy for them.

Comment #5

gatorsrok — Tue, 13 Nov 2018 02:15:19 GMT

This story has a happy ending because the winners relied upon competent professionals and self-restraint. It seems like most of the lotto curse stories involve people who made poor life and financial decisions before winning the lottery. After winning the lottery, those same people just have more money to use in their poor life and financial decisions.

Comment #4

CDanaT — Tue, 13 Nov 2018 00:37:59 GMT

Level headed, sound actions, smart choices, no issues.... They are former LP'ers aren't they

Comment #3

Bleudog101 — Mon, 12 Nov 2018 23:43:31 GMT

Going to be a great week for wonderful, positive stories like this.

They had their feet on the ground prior to all these wins and unchanged for the big one. Something to emulate from.

Comment #2

music* — Mon, 12 Nov 2018 23:25:41 GMT

This is definitely a feel-good story. Thank You.

It's marvelous!

A good lawyer and excellent financial advisers. Yes.

Buying a house and taking care of their family. I am sure that the financial advisers put them on a budget.

No curse of the lottery here.

Comment #1

Cassie8620 — Mon, 12 Nov 2018 23:16:53 GMT

congrats!

aw. i love this. work hard his ENTIRE ADULT life so far and then to sit back and not have to fret over things anymore(financially/homelessness/poverty/medical coverage/insurance, or their kids is awesome.) No worries anymore for these two rich folks$ and the daughter mortgage he is paying off too? I love this story...

I'm assuming sixties? Work thirty long years, so i am not sure, but if so i am happy for Bob, the same ole-bob is right.DON'T change sir.

Don't ch... [ More ]

8 years after buying $10.8 million ticket, lottery winner says life is 'marvelous'

Lottery Post — Mon, 12 Nov 2018 21:09:28 GMT

A Pennsylvania couple who took home more than $10 million in Delaware's first Hot Lotto jackpot eight years ago traded in their mobile home for a four-bedroom house but say their good fortune hasn't changed them.

In August 2009, Robert Crowther already had retired from the Chrysler Assembly Plant in Newark, Delaware, where he had worked for more than 30 years. Since the Crowthers opted to take the jackpot as a lump sum of $10,774,362 rather than as a deferred annuity, life has been marvelous... [ More ]