Posted on 02/19/2006 4:12:59 AM PST by dakine
Hey if you want to throw away money and you support higher taxes in the states that run lotteries versus the states that don't run lotteries, go for it.
the cash option worth $177.3 million
Minus taxes - $109 million remaining
Take that $9 million for immediate use - $100 million remaining
A very safe 4% return - $4 million a year pre-tax income.
I could live on that.""
I already have written plans for my winnings.
I knew it! Thanks for confirming!
Why should I have to pay a tax as well so you can get your jollies off about the infinitesimal possibility of winning a lump sum of money?
Great! You are continuing....
HERE IT IS.
Winning Powerball ticket sold at O Street U-Stop
BY COLLEEN KENNEY / Lincoln Journal Star
The record $365 million winning Powerball lottery ticket was sold on Friday afternoon at the U-Stop at First and West O streets. The winner has not come forward yet, although officials think they’ve narrowed it down to five people based on a security camera tape.
Someone in Lincoln bought a record $365 million Powerball ticket. The odds for winning were 1 in 146.1 million.
“I can’t believe it,” Bus Whitehead, an owner of U-Stop Inc., said this morning. “Who would think this would happen to the city of Lincoln? It’s pretty shocking. It’s wonderful. As yet we don’t know who won. But we’re very excited for them.”
The winning ticket was sold at 3:09 p.m. Friday, according to Mick Mandl, co-owner of the U-Stop franchise at 110 W. O St.
Based on security cameras viewed by store and lottery officials, Mandl said they believe the purchaser was one of five people who were in the store at the time, including four men and one woman.
“It’s exciting,” Mick Mandl said. “It will put some excitement back in the Powerball. It’s not what it used to be.”
If the winner chooses a lump sum payment, the check would be for more than $124 million.
Whitehead said he’s been getting calls from around the nation.
“This is sure going to get a lot of publicity for Lincoln.”
Mandl said he’s had calls this morning from Good Morning America, CNN and CBS .
“Everyone wants to talk about it,” Mandl said.
There were 795 tickets sold at his O Street U-Stop on Friday.
Mandl said the business gets a check for selling the winning ticket.
“If I sold the ticket to ’em I hope they’d share in the winnings — at least, even one-tenth of a percent would suit me just fine,” Stacey Carey, a clerk at the store, said.
Only one winning ticket was sold for Saturday’s jackpot, according to the Powerball Web site.
The chances of winning the jackpot by matching all six numbers were 1 in 146.1 million. The winning numbers drawn Saturday night were 15-17-43-44-48 and Powerball 29.
If the winner takes a cash payment they would be paid $177.3 million, and after withholding of 25 percent federal and 5 percent state tax, the prize would be $124.11 million.
The winner has six months to come forward, according to Tom Johnson, a spokesman for the Nebraska Lottery.
Usually they don't, but in case the winner wants to be anonymous I hope the store doesn't release their security tapes to the public.
Ahhh, suffering mankind's story of the ages...
CA....
freepmail
thanks for that explanation
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