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TagResults 1 - 10 of 14 for annuity. (0.02 seconds)

Massachusetts man hits $4 million lottery jackpot on a $10 bet
A Massachusetts man will be receiving lottery riches for the next 20 years after turning a $10 bet into a $4 million lottery jackpot. Anthony McLaughlin of Rockland, Massachusetts, chose to collect the prize over 20 years in annual payments of about $130,000 after taxes. He told lottery officials when he claimed the prize on Wednesday that he will use some of the money to buy a new car and to pay for his school tuition. He won the prize on a $4,000,000 Winfall ticket he bought at Fast Lane ...
Oct 24, 2016, 9:12 am - Lottery News forum

Judge rules NJ couple's lottery annuity payments can't be taxed retroactively
A New Jersey Tax Court judge has sided with a couple who won $46 million in the state lottery in 2000 and elected to have their winnings distributed in annual installments as a multiyear annuity payment, holding that the state did not have the right to retroactively tax their winnings after passing a new statute. Plaintiffs Melvin Milligan and Kim Lawton-Milligan, who won the Big Game Lottery jackpot drawing in 2000, opted for 26 annual payouts of $1.77 million. They argued that the 2009 sta ...
Oct 14, 2016, 9:33 am - Lottery News forum

Man wins lottery, loses in court
A lottery winner who claims he was deceived when his lawyer teamed up with a finance company and persuaded him to take a lump sum for his annualized jackpot narrowly lost a split decision at the state Supreme Court Monday in a case that turned on how long victims have to sue. In his suit against the finance company, John D. Flannery claimed and the Supreme Court concluded that he was given bad tax advice by attorney Glenn MacGrady and Singer Asset Finance to induce him to take a one-time paym ...
Jun 17, 2014, 7:28 am - Lottery News forum

Man overcomes gambling addiction, wins lottery
Joseph T. Jones Jr. won $20.8 million in 1992 in a Pennsylvania Wild Card Lotto $993,000 yearly for 21 years. He just deposited the last check months ago. I didn't spend it all. I didn't lose it all, said Joe. His nickname for the last 20 years has been Lotto. If I'm at the urinal at an Eagles game, he explains, and one of my friends sees me, he'll yell, 'Yo, Lotto!' Joe, 61, is still selling office supplies, though work is a relative term. He visited two clients before he hit th ...
Jul 6, 2013, 8:47 am - Lottery News forum

1987 Pennsylvania Lottery winners to receive final payments
When Ronald Shuey learned that he and his co-workers won the lottery in 1987, he imagined himself buying a shiny black Jaguar. Sheri Charney started planning her new house. Connie Connolly's husband thought he could buy a fancy boat. Many were too excited to sleep the night of Oct. 21, 1987. The next morning, the 17 employees of the former Herman Avenue Elementary School in Lemoyne celebrated with coffee, doughnuts and fruit in the teachers lounge. Don't all lottery winners dream? I ...
Oct 22, 2012, 8:27 am - Lottery News forum

N.Y. Lottery winner gets $10,000 a week for life ... sort of
It's good to be alive, said Floyd E. Harvey as he accepted a symbolic check for $10 million from New York Lottery officials Wednesday. Mr. Harvey, 41, Route 38, was feted at Fefee's Market on West Main Street. He won the jackpot prize of $10,000 a week for life Thanksgiving Day after purchasing a $20 Win for Life Spectacular scratch-off ticket at the store. Although state Lottery officials promote the Win for Life Spectacular instant game as a chance to win $10,000 each week for life, Mr. ...
Dec 10, 2010, 7:51 am - Lottery News forum

$207M Mega Millions lottery winners happy, but waiting
A city streets department employee from Piqua, Ohio, confirmed he is one of the winners of a $207 million Mega Millions jackpot and said that all but one of the winning ticket holders are also city employees. When the time's right, we'll come forward, the Piqua man said on Sunday, Dec. 14. He spoke on condition that his name and age not be published yet, citing a desire not to upstage his fellow winners. 16 people have a stake in the winnings; 14 are from the streets department. The ma ...
Dec 17, 2008, 3:13 pm - Lottery News forum

Weak bond market lowers lottery annuity jackpots
Situation serves as reminder of how jackpots are calculated The nation's financial crisis is causing a dip in one of the optional jackpots offered in Wisconsin's Megabucks lottery game. The lottery said Tuesday that the annuity option which has a jackpot paid in installments over 29 years will decline for the first time because of a weak bond market. State lotteries fund their annuity options by using ticket revenue to buy conservative, government-backed bonds. For the Wisconsin lott ...
Oct 29, 2008, 9:06 am - Lottery News forum

Michigan $42M lottery winner to claim jackpot today
Winner will take the full annuity payout The owner of a winning $42 million Mega Millions ticket, sold at a Macomb County, Michigan, liquor store, is expected to show up at Lottery headquarters Friday to collect the fortune. Lottery officials are being tight-lipped about the winner's identity, and won't even disclose if it's a man or a woman. The mystery person or persons will be revealed Friday at a news conference. The winner may do something almost unheard of: receive the money in in ...
Oct 10, 2008, 8:02 am - Lottery News forum

Lottery win opens doors for N.Y. doorman
A beloved Park Avenue doorman who won $5 million in the state lottery wants to move on up and into the elegant, pre-war building where he works. That way, I'll have the doorman open the door for me, says Richie Randazzo, 44, a bachelor who lives in a two-story home in Brooklyn. But the lucky winner will have to wait because the only apartment for sale in the building at 1021 Park Ave. at East 85th Street is out of his range.So for now, Randazzo, who plans to continue working, will be a ...
Jun 16, 2008, 10:48 am - Lottery News forum

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