Posted on 07/20/2023 5:18:26 AM PDT by ChicagoConservative27
A Powerball player in California won the massive $1.08 billion jackpot, the lottery game’s third-largest prize Wednesday night.
The winning numbers were 7, 10, 11, 13, 24, and the red Powerball 24.
The winning ticket was sold at Las Palmitas Mini Market convenience store in downtown Los Angeles, according to the California lottery.
The Post has reached out to the store for comment.
The newest billionaire will be able to choose from the $1.08 billion payday or a lump sum payment estimated at $558.1 million.
(Excerpt) Read more at nypost.com ...
They’ll spend it mostly on hookers and blow, the rest of the money they’ll just squander.
Figures, California again. Makes me wonder if the fix is in cuz it seems someone in CA always wins the big one.
Yep.
Why waste your money.
Remember the one where they had to delay the results and then, magically it was someone from CA.
https://www.cnbc.com/2022/11/08/powerball-results-record-1point9-billion-jackpot-drawing-delay.html
I thought the same thing…
When the tax bill is seen, we will have a new republican. Rejoice, the birth of someone who knows the bite of taxes.
Per CNBC, the amount the person will clear after taxes...
California
Lump sum: $325,621,045
Annuity: $631,111,350
And all I ever asked for was a small house in FLA on the inner coastal gulf side. A couple different size off shore boats and this...
But it looks like I’ll have to wait for the next big one...
"Charles Van Doren, the dashing young academic whose meteoric rise and fall as a corrupt game show contestant in the 1950s inspired the movie "Quiz Show" and served as a cautionary tale about the staged competitions of early television, has died. He was 93."
(snip)
"People who knew the entertainment business didn't have much doubt about what was going on, although they didn't speak out," he wrote.
In light of the large profits the rigged game shows were making, he added, "why would they?"
Now imagine the plot twist if the big money winners were always somehow tied to Ukraine or some other overseas MIC endeavor....
Less taxes.
Less Federal taxes. It is a common mistake by many to believe there are also California state income taxes. They don't tax Lotto winnings.
What an amazing coincidence it’s California again.
Given the area it’s likely to be a Hispanic person who won. Maybe they can spread the wealth and house some of the illegals.
It’s also possible that someone who works in DTLA picked up a ticket but that’s not an area I would be willing to exit my car to buy anything
“The newest billionaire will be able to choose from the $1.08 billion payday or a lump sum payment estimated at $558.1 million.”
Not to quibble but he won’t be close to a billionaire. However this person will be a multi-millionaire.
Lump sum of $0.5B and then taxes are taken out. Besides the feds extracting their share I suspect CA will get a nice cut of the action. Still a nice extremely lucky break for someone.
Your suspicions would be wrong.
And Pepé bought the ticket in a batch of a dozen, as he has a hundred times before, all paid for with a govt subsidy EBT card.
“choose from the $1.08 billion payday or a lump sum payment estimated at $558.1 million”
I don’t think the writer understands the difference between payday and pay out.
What would happen to someone advertising that they pay $X for some asset, but then you eventually find out that is if you are willing to accept the payment over a 30-year period?
That is, why should a government-run lottery be allowed to advertise on deceptive terms that wouldn’t be permitted in the private sector?
Practically guaranteed that this person will be worse off and broke within five years.
One doesn’t wake up as the CFO of a multi-million dollar operation with the skillsets to handle it, then having to depend on nothing but shysters and grifters to “help out”.
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