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Old 11-28-2012, 06:41 PM   #1
BigMeatballDave BigMeatballDave is offline
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Quote:
Originally Posted by Rain Man View Post
I'd have a hard time trusting anyone to hold the money in one spot or through one payment. I'd just say, "Give it to me and I'll take it from here."
I would if it were a smaller amount.

$200 million is a lot to keep track of.
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Old 11-28-2012, 06:54 PM   #2
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Quote:
Originally Posted by Dave View Post
I would if it were a smaller amount.

$200 million is a lot to keep track of.
Here's what I heard from our groups leader today. He takes this lottery shit seriously.

Current Jackpot = 550 million
Lump Sum = 325 million
Taxes = 90 million

Take home free and clear = 215 million
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Old 11-28-2012, 07:07 PM   #3
Rain Man Rain Man is online now
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Quote:
Originally Posted by Dave View Post
I would if it were a smaller amount.

$200 million is a lot to keep track of.

I'd probably make a spreadsheet or something.
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Old 11-28-2012, 06:54 PM   #4
Rasputin Rasputin is offline
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Quote:
Originally Posted by Rain Man View Post
I'd have a hard time trusting anyone to hold the money in one spot or through one payment. I'd just say, "Give it to me and I'll take it from here."
It's MY money and I want it NOW!
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Old 11-28-2012, 06:56 PM   #5
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Originally Posted by Dave View Post
I'd take annual payments.
No chance. What if the government or state goes bankrupt and they just change the law. What if the $ loses its value?
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Old 11-28-2012, 06:53 PM   #6
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Old 11-28-2012, 06:55 PM   #7
The Franchise The Franchise is offline
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I'd gladly take $215 million in one lump sum.
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Old 11-28-2012, 06:59 PM   #8
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I'd gladly take $215 million in one lump sum.
Would you make Austin Chief an offer he couldn't refuse?
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Old 11-28-2012, 07:04 PM   #9
Bwana Bwana is offline
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Quote:
Originally Posted by Pestilence View Post
I'd gladly take $215 million in one lump sum.
I will be 365M now. I bet there will be at least two winners at this point with the volume of tickets sold.
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Old 11-28-2012, 07:06 PM   #10
BigRedChief BigRedChief is offline
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Originally Posted by Bwana View Post
I will be 365M now. I bet there will be at least two winners at this point with the volume of tickets sold.
Our group lead says a 75% of one ticket sold tonight. 55% of at least two of the same #'s sold.
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Old 11-28-2012, 06:56 PM   #11
The Franchise The Franchise is offline
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Old 11-28-2012, 07:10 PM   #12
Iowanian Iowanian is offline
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When I have the winning numbers tonight, I'm taking lump sum payments.

I'm just not risking the future of my children's fiances, and lets face it....

When I'm shooting a unicorn out of a helicopter with my shotgun, I could fall out and screw my family out of the money by early death.
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Old 11-28-2012, 07:22 PM   #13
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Quote:
Originally Posted by Iowanian View Post
When I have the winning numbers tonight, I'm taking lump sum payments.

I'm just not risking the future of my children's fiances, and lets face it....

When I'm shooting a unicorn out of a helicopter with my shotgun, I could fall out and screw my family out of the money by early death.
Yea, I have thought about that a lot. But isn't it only a risk if you act in a way that makes it a risk. Or are you going with the idea that so much money would make you make bad decisions...even with the best intentions.

On one hand I like the idea of getting it over time to create a ceiling on the craziness but on the other hand with that lump sum there are so many ways to just let that money sit and make more money from it.
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Old 11-28-2012, 07:48 PM   #14
Bwana Bwana is offline
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Quote:
Originally Posted by |Zach| View Post
Yea, I have thought about that a lot. But isn't it only a risk if you act in a way that makes it a risk. Or are you going with the idea that so much money would make you make bad decisions...even with the best intentions.

On one hand I like the idea of getting it over time to create a ceiling on the craziness but on the other hand with that lump sum there are so many ways to just let that money sit and make more money from it.
Most people take the cash. Looks like some sorry bastard in GA didn't claim 77M as well.

Here is a bit of history:

Powerball Winners
2012 Winners
Anonymous
Delaware

October 3, 2012Cash$50,000,000.00 annuity
$33,046,926.64 cash

Mary and Brian Lohse
Iowa

September 26, 2012Cash$202,100,000.00 annuity
$129,786,076.76 cash

Donald Lawson
Michigan

August 15, 2012Cash$337,000,000.00 annuity
$224,655,690.17 cash

Noel Peel
Connecticut

June 23, 2012Cash$60,000,000.00 annuity
$39,814,200.40 cash

The Shipping 20
Iowa

June 13, 2012Cash$241,000,000 annuity
$160,334,459.84 cash

SEPTA 48
Pennsylvania

April 25, 2012Cash$172,700,000.00 annuity
$107,533,278.77 cash

Joseph & Celeste Tamburello
New Jersey

March 21, 2012Cash$70,000,000.00 annuity
$41,543,026.71 cash

Ohana Trust
Rhode Island

March 7, 2012Cash$60,000,000.00 annuity
$37,059,913.53 cash

Tara Ramirez/Case Park LLC
New York

February 25, 2012Cash$70,000,000.00 annuity
$43,668,122.27 cash

Louise White/Sherbert Trust
Rhode Island

February 11, 2012Cash$336,400,000.00 annuity
$209,966,435.24 cash

2011 Winners
Name Withheld
Maryland

December 24, 2011Cash$128,800,000.00 annuity
$81,295,926.70 cash

Steven Lloyd
Pennsylvania

November 19, 2011Cash$59,900,000.00 annuity
$37,622,580.20 cash

Putnam Ave. Family Trust
Connecticut

November 2, 2011Cash$254,200,000.00 annuity
$151,664,457.51 cash

Kathy Scruggs
Georgia

September 14, 2011Cash$25,000,000.00 annuity
$15,124,016.94 cash

Name Withheld
Maryland

September 7, 2011Cash$108,800,000.00 annuity
$65,294,048.66 cash

Thomas Morris
Minnesota

August 10, 2011Cash$228,900,000.00 annuity
$123,602,685.09 cash

Unclaimed
Georgia

June 29, 2011Unclaimed$77,100,000.00 annuity
$40,827,464.52 cash

Jimmy Freeman
Massachusetts

June 8, 2011Cash$25,600,000.00 annuity
$13,493,470.86 cash

1937 Flatbush Avenue Dodgers LLC
New York

June 1, 2011Cash$201,900,000.00 annuity
$106,159,636.69 cash

Bill Swanson
Indiana

April 23, 2011Cash$74,000,000.00 annuity
$37,728,064.69 cash

Michael Reardon & Darin Fox
Indiana

April 6, 2011Cash$221,700,000.00 annuity
$111,737,725.76 cash

Carvajal Family Group
Florida

February 26, 2011Cash$182,100,000.00 annuity
$91,187,716.61 cash

Stephen Kirwin
New York

January 22, 2011Cash$122,100,000.00 annuity
$61,224,679.58 cash

2010 Winners
Jeffrey & Christine Pintuff
New York

December 25, 2010Cash$48,800,000.00 annuity
$24,856,581.43 cash

Shim Partnership
Illinois

December 11, 2010Cash$18,750,000.00 annuity
$9,560,429.66 cash

Muncie Meade
Kentucky

December 11, 2010Cash$18,750,000.00 annuity
$9,560,429.66 cash

Sheila Verke
Arizona

December 1, 2010Cash$95,300,000.00 annuity
$49,995,249.50 cash

Team Victory
Michigan

November 6, 2010Cash$128,600,000.00 annuity
$69,606,573.55 cash

Ziegler Family Revocable Trust
Florida

October 6, 2010Cash$61,500,000.00 annuity
$34,553,793.03 cash

Gerald Render
Georgia

September 18, 2010Cash$116,000,000.00 annuity
$63,050,992.65 cash

William Smith
West Virginia

August 21, 2010Cash$79,000,000.00 annuity
$44,347,250.99 cash

H & N Family Partnership
Louisiana

July 31, 2010Cash$85,700,000.00 annuity
$47,770,485.70 cash

Elizabeth Choras-Hanna
Florida

July 10, 2010Cash$73,800,000.00 annuity
$38,929,055.11 cash

Kimberly Claassen
Montana

June 23, 2010Cash$48,450,000.00 annuity
$25,079,338.57 cash

Lucky 13 Plus One
Ohio

June 23, 2010Cash$48,450,000.00 annuity
$25,079,338.57 cash

2010 Blind Trust
Ohio

June 2, 2010Cash$261,600,000 annuity
$134,917,238.27 cash

Chris Shaw
Missouri

April 21, 2010Cash$258,500,000.00 annuity
$124,875,122.48 cash

Sandra Mcneil
New Jersey

March 13, 2010Cash$211,700,000.00 annuity
$101,600,000.00 cash

Frank Griffin
North Carolina

February 6, 2010Cash$141,400,000.00 annuity
$69,682,459.88 cash

Name Withheld
Arkansas

January 2, 2010Cash$25,000,000.00 annuity
$12,153,621.78 cash

2009 Winners
Rob Anderson
Kentucky

December 26, 2009Cash$128,600,000.00 annuity
$63,456,864.77 cash

The End of the Rainbow Trust
Oklahoma

November 21, 2009Cash$32,800,000.00 annuity
$16,727,823.43 cash

Donald Damon
Kansas

November 11, 2009Cash$96,600,000.00 annuity
$48,367,329.08 cash

Doug Miron
Wisconsin

October 14, 2009Cash$31,400,000.00 annuity
$16,703,507.90 cash

Dr. William Steele
Florida

October 3, 2009Cash$189,000,000.00 annuity
$101,160,403.68 cash

Solomon Jackson Jr.
South Carolina

August 19, 2009Cash$259,900,000.00 annuity
$129,777,212.43 cash

Rahul Patel
Connecticut

June 27, 2009Cash$25,000,000.00 annuity
$12,506,253.12 cash

Jeff Wilson
North Carolina

June 20, 2009Cash$88,100,000 annuity
$42,459,584.00 cash

Neal Wanless
South Dakota

May 27, 2009Cash$232,100,000 annuity
$118,005,530.33 cash

Rockson, LLC
Washington D.C.

April 8, 2009Cash$144,000,000 annuity
$79,681,116.60 cash

Anonymous
Delaware

February 28, 2009Cash$87,200,000 annuity
$46,629,112.16 cash

Palmira Nicolo
Pennsylvania

February 28, 2009Cash$87,200,000 annuity
$46,629,112.16 cash

GMTR Investments, LLC
Indiana

January 17, 2009Cash$163,200,000 annuity
$97,966,541.99 cash

2008 Winners
SWS Investments, LLC
Indiana

November 22, 2008Cash$57,600,000 annuity
$30,815,336.43 cash

Myrna Shearer
Pennsylvania

October 29, 2008Cash$58,600,000 annuity
$30,207,012.05 cash

22 Postal Workers
Pennsylvania

October 4, 2008Cash$20,000,000 annuity
$10,282,776.35 cash

Roswell Fun Havers
New Mexico

September 27, 2008 Cash$206,000,000 annuity
$102,903,652.63 cash

Barrie Edwards Family
Pennsylvania

August 2, 2008 Cash$86,300,000 annuity
$42,529,765.37 cash

Heritage Trust
Oklahoma

July 2, 2008 Cash$84,900,000 annuity
$41,305,108.74 cash

Emilia Delgado
Louisiana

May 31, 2008 Cash$34,100,000 annuity
$16,195,787.02 cash

Jonathan Vargas
South Carolina

May 17, 2008 Cash$35,300,000 annuity
$17,175,336.18 cash

Paul Rosenau
Minnesota

May 3, 2008 Cash$180,100,000 annuity
$88,020,951.40 cash

Monongalia County Tax Office 8
West Virginia

March 15, 2008 Cash$276,300,000 annuity
$139,421,731.44 cash

Carl Hunter
Louisiana

January 16, 2008 Cash$97,000,000 annuity
$48,478,863.05 cash

2007 Winners
Linville Lee Huff
Kentucky

December 12, 2007Cash$33,600,000 annuity
$16,471,526.51 cash

Sheila Botelho
Rhode Island

November 28, 2007 Cash$151,900,000 annuity
$75,231,092.06 cash

Eugene and Stanislawa Markiewicz
Colorado

October 10, 2007Annuity$20,000,000 annuity
$9,402,914.90 cash

John Lorusso
Connecticut

October 3, 2007Cash$15,000,000 annuity
$7,035,647.28 cash

William Heid Jr.
Louisiana

September 29, 2007Cash$15,000,000 annuity
$7,035,647.28 cash

Nukote 22
Kentucky

September 26, 2007Cash$61,500,000 annuity
$28,558,114.97 cash

Steve Peot
Wisconsin

September 5 , 2007Cash$29,100,000 annuity
$13,678,094.29 cash

Coterel & Hiles Family
Indiana

August 25, 2007Cash$314,300,000 annuity
$145,985,099.64 cash

Don & Joyce Harvey
Oklahoma

June 27, 2007Cash$105,800,000 annuity
$46,837,771.64 cash

Felipe Piņa
New Mexico

May 23, 2007Cash$62,800,000.00 annuity
$29,450,223.26 cash

Dale Chellis & Toni Sergott
New Hampshire

April 28, 2007Cash$67,000,000.00 annuity
$31,919,876..64 cash

Dick Sandlin
South Carolina

April 4, 2007Cash$15,000,000.00 annuity
$7,122,507.12 cash

Name Withheld
Wisconsin

March 31, 2007Cash$40,700,000.00 annuity
$19,321,993.13 cash

Daniel Gannon
Oregon

March 17, 2007 Cash$182,700,000.00 annuity
$88,067,283.39 cash

Fece & Barbara Salzman
Arizona

January 27, 2007 Cash$15,000,000.00 annuity
$7,002,801.02 cash

Wilson Family
Missouri

January 24, 2007 Cash$254,000,000.00 annuity
$120,508,183.07 cash

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Old 11-28-2012, 07:45 PM   #15
Iowanian Iowanian is offline
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I don't know Zach.

I'm basically 40. 3 of my friends from school have died.
Someone could live like a Quaker and get into an accident or slip in the shower or wake up with cancer. I had a friend from college whose family won 2 separate lotteries. He's dead too.

I'm confident that brideowanian and I wouldn't be irresponsible with that payout. I would set up a trust to make sure things were taken care either way. I'm charitable by nature and the only way to handle that is to set up endowments, trusts and boards to handle it so you always have an easy answer to direct requests to...and man would them come in.
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