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"Don't Kiss Your Money Goodbye"

Topic closed. 5 replies. Last post 11 years ago by bellyache.

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Australia
Member #17096
June 11, 2005
225 Posts
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Posted: December 3, 2005, 5:05 am - IP Logged

While some winners stay mum, others share their pot luck


It doesn't matter whether you're a man or woman, but it helps to live in Moree and to pick 25 or 39 (but not 7 or 12). It also helps if your name is Bob. But little else is known about one of Australia's luckiest and most secretive groups: the lottery millionaires. There are now about three instant millionaires made each week - but it is not known if their richness brings happiness, charity or the reappearance of long-lost friends. There have been no studies done of the group and most prefer to remain anonymous. Some winners do not want their lives to change and do not even tell their family they have won.

Other, usually older winners, fear the fate of eight-year-old Graeme Thorne, who was kidnapped for a ransom and then murdered after his family won £100,000 in a lottery in 1960. For the 25th anniversary of Lotto this year, NSW Lotteries has been scanning the archives to recount its history and retrieve details of its 646 millionaires. Among the prize's best-loved winners - and belonging to the few to relinquish their anonymity - are the Haberfield hairdressing siblings George and Nola Mezher, who used their $429,000 to feed the homeless.

In their salon they would speak to customers of plans to buy a Rolls-Royce and Bentley if they ever won. But when their numbers - based on saints birthdays - fell in 1982, they decided to instead set up the Our Lady of the Snows soup kitchen near Central Station. "Other winners go on trips and buys shares," said Mr Mezher. "But it's better to get out and do something good with your money because you can't take it with you."

Gamblers have spent more than $9 billion on Lotto since 1979. About 60 per cent has been distributed in prizes, and the remainder given to the NSW Government. More than $1 billion is spent each year, and a million people buy tickets each week. Before announcing the news to winners, NSW Lotteries conducts age and health checks to ensure the surprise will be bearable. Winners are asked to sit down before they are told the news. Two weeks later they receive their money.

The communications manager for NSW Lotteries, John Vineberg, said most winners had plans to buy a house, a better car and donate money to charity. NSW Lotteries did not give financial advice but winners could request a brochure about financial advice titled "Don't Kiss Your Money Goodbye". Only one winner is known to have won the top prize twice: Bob, from Culburra on the South Coast, won on June 21, 2000, and on August 13, 2001.


    United States
    Member #17555
    June 22, 2005
    5582 Posts
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    Posted: December 3, 2005, 5:13 am - IP Logged

    Millionaire's club? Sounds like an inside job. Three instant millionaires a week? WOW......How do I join? LOL

      bellyache's avatar - 64x64a9wg

      United States
      Member #12618
      March 18, 2005
      2060 Posts
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      Posted: December 3, 2005, 1:00 pm - IP Logged

      Well some people think that winning 1 million dollars automatically means your a millionaire when in reality your not after taxes. So I wonder how many of those people are actually "instant millionaires" after taxs and buying things such as cars, houses, etc.

      Dance like no one is watching.


        Australia
        Member #17096
        June 11, 2005
        225 Posts
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        Posted: December 5, 2005, 5:15 am - IP Logged

        In Australia, all lottery prizes are tax free and paid in full. If you win 20 million, you get 20 million paid in full, no annuity nonsense. And, all winners have the right, which the vast majority choose, to remain anonymous.

          MADDOG10's avatar - smoke
          Beautiful Florida
          United States
          Member #5709
          July 18, 2004
          20253 Posts
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          Posted: December 5, 2005, 5:21 am - IP Logged

          In Australia, all lottery prizes are tax free and paid in full. If you win 20 million, you get 20 million paid in full, no annuity nonsense. And, all winners have the right, which the vast majority choose, to remain anonymous.

          Now thats the way ALL Lotteries should be...

            bellyache's avatar - 64x64a9wg

            United States
            Member #12618
            March 18, 2005
            2060 Posts
            Offline
            Posted: December 5, 2005, 8:38 am - IP Logged

            In Australia, all lottery prizes are tax free and paid in full. If you win 20 million, you get 20 million paid in full, no annuity nonsense. And, all winners have the right, which the vast majority choose, to remain anonymous.

            It would be nice if the US lottery system was that way. Prizes that were not taxed, being able to stay anonymous.

            Dance like no one is watching.