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Guru101

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Sep 27, 2007, 6:01 pm

A lucky day in Bardstown
05:44 PM EDT on Thursday, September 27, 2007
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LOUISVILLE, Ky. -- It is the feel good story of the day, and WHAS11 News broke it first on our noon news: A group of working class folks in Bardstown, Kentucky strike it rich with a winning lottery ticket.

Twenty-two workers from the Nukote plant have been buying Powerball tickets for years -- this time, though, it paid off.

The first winning Powerball ticket in Kentucky since 2003 was cashed in about 4 hours ago by a group of people who work for Nukote, a company in nelson County that makes things like ink jets and paper.

Today it was a piece of paper that made each one of them a millionaire.

Jane Shelver rode all the way from Bardstown with the ticket worth $61 million nestled deep in her purse.

Now nicknamed the Nukote 22, Jane and her coworkers arrived at Kentucky lottery headquarters around 1:30 p.m. Thursday. But the excitement began early this morning when Connie Mattingly compared numbers.

“I said, ‘Connie, this is it,’” Jane said. “Then she hangs up on me.”

The office pool, made up of 20 women and two men, played a dollar a week for 12 years. They will now split $61,500,000.

The group has 60 days to decide individually whether they will take a one-time cash payout or a larger amount spread out over 20 years.

The group let the machine pick the numbers that ended up winning for them. If they take the cash payout, it comes to a little over $800,000 after taxes. If it's taken over 20 years, it comes to about $3 million.

Gonna win.
RJOh

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Sep 27, 2007, 7:47 pm

That was quick, they didn't waste any time coming forward. Apparently they had their lawyer and a limousine to deliver them to lottery headquarter already to go this morning less than 12 hours after the drawing.

* you don't need to buy every combination, just the winning ones *
Guru101

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Sep 27, 2007, 7:50 pm

Quote: Originally posted by RJOh on Sep 27, 2007
That was quick, they didn't waste any time coming forward. Apparently they had their lawyer and a limousine to deliver them to lottery headquarter already to go this morning less than 12 hours after the drawing.

I don't plan on waiting that long when I win a big jackpot to come foward. 2 days at most. Besides, I'll have plenty of time to think about what I want to do with the money while I'm on vacation in Las Vegas.

Gonna win.
rteague

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Sep 27, 2007, 8:38 pm

ok i'm not a very bright person and if/win i hit one for over 1mill there won't be no days or weeks before i cash in...it will be about 2 hours as thats how long it takes to drive to Raleigh HeadQuarters...So my question is,for what reason do people obtain lawyers/advisers etc.....can you not just deposit 50 mill in your bank....then worry about it later ??
ryanm

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Sep 27, 2007, 9:06 pm

Depositing $50 million in the bank is not a good idea unless you have 500 different banks to spread it around in, as bank deposits are only insured up to $100,000.
rteague

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Sep 27, 2007, 9:18 pm

is that true for business's as well....i'm sure there are LARGE companies out there that deposit 100k on a daily basis
Guru101

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Sep 27, 2007, 9:21 pm

Quote: Originally posted by ryanm on Sep 27, 2007
Depositing $50 million in the bank is not a good idea unless you have 500 different banks to spread it around in, as bank deposits are only insured up to $100,000.

I'm not worried about opening 500 bank accounts to avoid something that is extremely rare, I want a place to put all that money where I know it will be safe. It's certainly safer than keeping a check worth millions of dollars in my wallet or cashing it and taking all the money back to my house and keeping it in a closet. I do plan on buying one of those big floorstanding Sentry Safe's(water and fire proof) to keep in my closet at my house for any large sums of cash I'd like to keep at my house.

Gonna win.
rteague

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Sep 27, 2007, 9:25 pm

well i just dont get the whole lawyer/adviser thing...
Guru101

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Sep 27, 2007, 10:08 pm

Quote: Originally posted by rteague on Sep 27, 2007
well i just dont get the whole lawyer/adviser thing...

A lawyer or adviser is simply an option and if you choose not to hire one, then that doesn't mean you have made a bad choice. Some people feel more comfortable having someone who can give them ideas on how to management or invest their money while some would like to sort it all out themself. I myself would not hire a lawyer or adviser simply because I won a jackpot.

Gonna win.
rteague

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Sep 27, 2007, 10:17 pm

i probably wouldn't either..allthough the more i think about it,it may not be a bad idea...I may though hire a bodyguard or two in my travels to and from the Lottery HeadQuarters...