Texas couple claims $49 million prize

Comment #7

fja — Thu, 04 Sep 2003 18:36:44 GMT

Lump sum or annuity,,,,you got to give the guy his props...he had a gut feeling and he begged his wife to take it...no data,no sum,no analyzing,,just pure gut feeling....and you can get every investment guru to tell him he's wrong about annuity, but i'll bet he'll just smile at you and say whatever..

Comment #6

CASH Only — Thu, 04 Sep 2003 14:21:38 GMT

A man his age _should_ expect to live at least 24 more years. The thing is, he had to choose WHEN he played, instead of the much more opportune time, after winning.Some players (who must make the choice at the time of purchase, eg CA, NY, TX) do not fully consider best-case v worst-case scenarios, such as possible estate-tax liabilities for their heirs.

Comment #5

RJOh — Thu, 04 Sep 2003 14:00:54 GMT

Jack Whittaker, who won the largest single amount in PowerBall history, bought $100 worth of QPs to win. He probably heard about the guy in Michigan who earlier paid for a hotdog with a $100 bill and used the change(~$98) to buy MegaMillions QP tickets and won a thirds of the largest jackpot in MegaMillions history.RJOh

Comment #4

liberal47 — Thu, 04 Sep 2003 13:59:38 GMT

This guy was smarter than any of us. Of course he could give a rats ass as if we have any opinion of him. He's on his way to the bank

Comment #3

golotto — Thu, 04 Sep 2003 13:41:39 GMT

Purchasing 12 Powerbal

Comment #2

megamillionaire — Thu, 04 Sep 2003 13:12:43 GMT

Quote: Originally posted by CASH Only on September 04, 2003 He intends to live another 24 years ? I would like his optimism, except his exhibited his stupidity when he bought his ticket. What's with these recent TX winners not exercising their right to choose ? As I've said before, TX needs to allow players to make up their mind AFTER they win. Cash,He chose the annuity. Since it was his choice he's not stupid for not following your choice. Lighten up guy everyone doesn't believe as you do... [ More ]

Comment #1

CASH Only — Thu, 04 Sep 2003 11:09:45 GMT

He intends to live another 24 years ? I would like his optimism, except his exhibited his stupidity when he bought his ticket. What's with these recent TX winners not exercising their right to choose ? As I've said before, TX needs to allow players to make up their mind AFTER they win.

Texas couple claims $49 million prize

Lottery Post — Thu, 04 Sep 2003 07:34:24 GMT

Bryon Woods pleaded with his wife Barbara to sell him another $5 worth of lottery tickets at the store where she worked. Good thing she agreed. The Eagle Lake couple on Wednesday claimed a winning Lotto Texas ticket worth $49 million. After tearfully accepting an initial check of $2.9 million, the couple will collect $1.95 million every year for the next 24 years.Bryon Woods said he chose the annuity instead of the lump sum cash payment option because I intend to live another 24 years. I want m... [ More ]