Posted on 03/31/2014 3:44:49 PM PDT by 2ndDivisionVet
Calvin and Zatera Spencer have been having an epic month.
On March 12 the Portsmouth, Va., couple won a $1 million Powerball drawing. Then, on March 26, Calvin Spencer won $50,000 in the Virginia Lottery's Pick 4 game. The next day he dropped his wife off at an appointment and stopped at a 7-Eleven in Norfolk to get a $100 Million Cash Extravaganza Scratcher ticket. He scratched the ticket and realized that he had won the $1 million prize, News Channel 3 in Virginia reports.
"Baby, we did it again!" he told his wife.
According to the news station, the Spencers had a choice of taking the full $1 million prize over 30 years or a one-time cash option of $681,000, before taxes, in the $100 Million Cash Extravaganza win. They chose the cash option. The store received a $10,000 bonus for selling the winning ticket....
(Excerpt) Read more at theroot.com ...
AND THEN the state of Virginia and the Federal Givernment showed up for THEIR TAKE...
Democrats LOVE victims and HATE winners..
SOoooo the (givernment)s involved made them VICTIMS,,,
The logic of this is bazaar...
You can not win if you do not play.
My guess is that these people were professional lottery players, probably have spent thousands over the years. Looks like it finally paid off.
Now, somebody check the welfare rolls, and if they are on it, maybe the state should get a cut (above and beyond the state income taxes they are already gonna have to pay).
“It’ll be gone in 5 yrs.
Know of some people who got money from the black farmers settlement and most have nothing left.
Easy money not earned goes fast.”
Yep, the tipoff was them taking the lump sum. It’ll burn a hole in their pocket until it’s gone.
I sometimes get these scratch cards around Christmastime as gifts. I can never make heads or tails out of them. They are complicated. I wonder if I threw away any prizes because I couldn't figure out if the ticket was a winner or not.
Anyway, when I'm in the mood for gambling, I'd much rather be at a casino sitting at a blackjack table. Getting free drinks and watching the people around me. I play pure basic strategy which only gives the House about a half point advantage. So with a couple hundred dollars, I can sit at a table for hours before it runs out. Sometimes I get on a hot streak and walk away a winner. Either way, it's a lot more fun than scratching cards in a cold parking lot.
Yup, the odds are about 4,000,000 x 200,000 x 4,000,000. Not going to happen ( without a little inside help).
We give tickets in lieu of birthday cards etc. they cost the same and are a lot more fun!
My in laws won $50,000 in the Fantasy Five a few years back. Lucky ducks. :-)
Good for them but if they were smart, they’d quit while they are ahead and learn how to invest what they have.
What did you do? Is the job still open?
yup..cause their money will be safe in the “market”.
/sarc
There’s nothing wrong with the lottery. Even the colonists bought lottery tickets to fund the Revolution.
For some reason my bosses have all been frightened of me... can’t imagine why...
He left the company, I’m still here... tormenting the new boss... same and the old boss...
“God protect them from the ravages of reckless living.”
Exactly what I was thinking. It is said that many winners, of large lottery jackpots, end up broker and deeper in debt.
I had the same thought. Years ago there was an marketing company Simon marketing who was running a Monopoly game sweepstakes for McDonald’s some of their employees were indicted because they had rigged the game by stealing the winning game pieces and keeping them for themselves and or giving them to other people for a share or a cut of the winnings.
It sure wasn't fruitless for these two.
lol, good one :)
Ain't that the truth! You see them all the time, particularly at 7-11 stores, laying out as much as $50 a pop for lottery tickets. I would suggest that high schools offer personal finance courses (maybe they do, but not in my day), but, unfortunately, these kind of people wouldn't pay attention to the lessons, anyway.
I was thinking of them investing in themselves.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.