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Is Powerball Jackpot Electronically Deposited or Do They Give You a Physical Check

Topic closed. 42 replies. Last post 1 year ago by Redd55.

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Maryland
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January 2, 2015
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Posted: January 11, 2016, 6:14 pm - IP Logged

They pay the jackpot with bags of pennies. So you need to have about 100 armored trucks ready to go.

Over 10 years ago I was in the lobby of a small local bank and a lady came in crying asking the bank for help.  Her X paid her $1500 in back child support in PENNIES!! The bank that issued them to the X wouldn't take them back as the girl-friend worked there!! 

I helped the tellers & lady unload the trunk. The bank she was at exchanged it for bills, and didn't charge her anything.  One of the tellers said the FED will charge the bank money to return all the change to them. 

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    United States
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    January 11, 2016
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    Posted: January 11, 2016, 7:31 pm - IP Logged

    If you decide to take your winnings in cash you would end up with a cube of $100 bills about 30ft on a side (Assuming a $600M cash payout after federal withholding)

     

    To put that $600M cash award into persepective, the US National Debt grows at twice that amount every day.  Roughly $500B in 2016 is the expected deficit.

    So if you are feeling generous and just want to donate the rest of your winnings that Uncle Sam didn't already take, you will be covering only 12 hours of Uncle Sams overdraft for the day.

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      Wollongong
      Australia
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      Posted: January 11, 2016, 9:43 pm - IP Logged

      And when you present the oversized cheque at the bank's teller,it takes two bank workers to apply the bank's huge stamp on the cheque.

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        Wollongong
        Australia
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        Posted: January 11, 2016, 9:46 pm - IP Logged

        Over 10 years ago I was in the lobby of a small local bank and a lady came in crying asking the bank for help.  Her X paid her $1500 in back child support in PENNIES!! The bank that issued them to the X wouldn't take them back as the girl-friend worked there!! 

        I helped the tellers & lady unload the trunk. The bank she was at exchanged it for bills, and didn't charge her anything.  One of the tellers said the FED will charge the bank money to return all the change to them. 

        Who saves up that much coin? A Penny Pincher?

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          December 18, 2014
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          Posted: January 11, 2016, 11:20 pm - IP Logged

          Who saves up that much coin? A Penny Pincher?

          The dude that gave her all the pennies obviously did it on purpose. Especially if his current girlfriend worked at the bank where they came from.

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            Maryland
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            Posted: January 12, 2016, 4:35 pm - IP Logged

            The dude that gave her all the pennies obviously did it on purpose. Especially if his current girlfriend worked at the bank where they came from.

            Correct.  That bank gave him the pennies but then wouldn't take them back due to the cost of selling them to the fed. 

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              Wisconsin
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              January 23, 2011
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              Posted: January 12, 2016, 6:03 pm - IP Logged

              Over 10 years ago I was in the lobby of a small local bank and a lady came in crying asking the bank for help.  Her X paid her $1500 in back child support in PENNIES!! The bank that issued them to the X wouldn't take them back as the girl-friend worked there!! 

              I helped the tellers & lady unload the trunk. The bank she was at exchanged it for bills, and didn't charge her anything.  One of the tellers said the FED will charge the bank money to return all the change to them. 

              That is definitely some sweet payback on that.

              Trump 2016!

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                United States
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                March 30, 2015
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                Posted: January 12, 2016, 8:31 pm - IP Logged

                Do you keep the big Happy Gilmore check? Probably not something you want laying around the house when your new neighbors bring over a fruit basket to welcome you to the neighborhood...

                LOL...That would be great to keep..

                Take Risks: If you win, you'll be happy.  If you lose, you will be wiser...

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                  PA
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                  Posted: January 15, 2016, 7:50 pm - IP Logged

                  I would want to keep the big check as a souvenir it would be an important part of the memory. I would put in my trophy room on the wall. What is the lottery going to do with it? Probably throw it out. I doubt they keep them all unless they have a big room for them.

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                    Oklahoma
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                    Posted: January 15, 2016, 7:53 pm - IP Logged

                    I am curious if I can ask them to throw the big check out? I do not want to carry it around or keep it

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                      PA
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                      Posted: January 15, 2016, 8:22 pm - IP Logged

                      The dude that gave her all the pennies obviously did it on purpose. Especially if his current girlfriend worked at the bank where they came from.

                            I Agree!   he was mad cause he got nailed having to pay back child support...the system caught up with him..

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                        sirbrad's avatar - Lottery-062.jpg
                        PA
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                        Posted: January 17, 2016, 4:15 pm - IP Logged

                        I am curious if I can ask them to throw the big check out? I do not want to carry it around or keep it

                        No you must walk around town holding it up for at least an hour, and yelling "Look who won bitches!" before they do that. LOL

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                          Posted: January 17, 2016, 5:35 pm - IP Logged

                          Over 10 years ago I was in the lobby of a small local bank and a lady came in crying asking the bank for help.  Her X paid her $1500 in back child support in PENNIES!! The bank that issued them to the X wouldn't take them back as the girl-friend worked there!! 

                          I helped the tellers & lady unload the trunk. The bank she was at exchanged it for bills, and didn't charge her anything.  One of the tellers said the FED will charge the bank money to return all the change to them. 

                          All she had to do is inform the family court. The judge would have B-slapped the guy.