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Win for life tickets

Topic closed. 15 replies. Last post 3 months ago by wander73.

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wander73's avatar - Lottery-038.jpg
Philadelphia, PA
United States
Member #153774
March 24, 2014
852 Posts
Posted: August 23, 2016, 9:07 am - IP Logged

Someone in Brooklyn just won the 10K a Week For Life jackpot and opted for the one time lump some. From a guaranteed 10 million he opted for the lump sum and after taxes is taking home 5.3 million.

As a side note this is the third 10K a Week jackpot sold in Brooklyn in the past 5 or so years, two were sold at stores near me, one of which I went to every week but never purchased games from them. This one, thank goodness was no where near me although I have past the store occasionally when I'm in the area.

I guess that sounds about right.  Those amts you mentioned.  It's just not really worth it winning a huge lottery amt.  Most people need to be educated as to if they win a major amt what they really will get. 


That winner you mentioned good for him because I was told that the interest rate and the equity amt could change per year. 


People don't understand taxes and their tax brackets.