$315 million dollar jackpot winner (1 Viewer)

[Hunter P]

http://www.latimes.com/news/local/la...track=morenews
Somebody in Anaheim is the sole winner of the jackpot. Nobody claimed the jackpot yet so there is still time to mug him. Anyone up for a road trip?


After taxes this is still probably $150mil-ish. That A-Rod type of money. I could do a lot of damage with that.

Every week I drive by the billboard that shows the current jackpot. What sucks is that when it passed $200mil, I was thinking of buying a ticket, but every week I didn't. In other words: SOMEONE IS SPENDING MY MONEY.

 

[Carlo_M]

Actually, the news reported that the cash value is approximately $186 million, less 25% for federal tax, and no state tax.

I'm already here, so just phone me up when we're ready to do the mugging!

 

[Jeff Cooper]

I heard that the winner was actually part of a 7 person office pool, so after taxes and splitting 7 ways, that 315 million becomes a paltry 20 mil.

Living in OC, maybe they could each buy a new house or something...

 

[Mark Sherman]

The Jackpot here was up to 315 on tuesday Im not if any one won

 

[Carlo_M]

So if they take the cash value of $186 million, that's $26.57 million each, less 25% fed tax = $19.928 million each.

I could make that work...

 

[Garrett Lundy]

Damn, thats buy a mansion AND a new Rolls-Royce every year until death kinda money.

Well it is here anyway. I'm sure in LA $186million will get you laid a dozen times and have you eating sushi off of a naked supermodel everyday for a month, maybe you'll have enough left over for a new Hyundai.

 

[teapot2001]

You, Jeff, and I can take on the 7 of them!

~T

 

[Christ Reynolds]

$315 million...damn. you have any idea how many lottery tickets that could buy?

CJ

 

[Ray Chuang]

With that ticket worth US$111.3 million (paid according to "cash value" payment rules and minus 28% withholding by the IRS using W-2G rules), the Robb Report magazine suddenly becomes really useful.

 

[Joseph S]

You might be able to buy all possible number combos for the next jackpot.

 

[Joe Schwartz]

BTW, the Federal income tax is 35% on income over $326,450:

http://www.irs.gov/formspubs/article...133517,00.html

Even though they'll withhold 28%, you still have to pay the extra 7%.

 

[MarkHastings]

Whenever one of these office pools wins big, I always think about the jealousy and anger that the employees (who didn't participate) are feeling.

Imagine being sick or on vacation the day they did the pool. That would SUCK!

When our company did an office pool, a co-worker (who is a good friend of mine) wasn't here that day, so I wrote her name down and put in a dollar for her. Not only to make her happy, but the salvage the friendship if we ever DID win and she wasn't included!

 

[Hunter P]

Admit it, you just want her to be grateful enough to have sex with you. Being a guy, I understand and applaud the tactic.

 

[Colton]

Mark, you dog!

- Colton

 

[MarkHastings]

LOL - Nah, if we did win, I'd have enough money to have sex whenever I wanted

 

[Francois Caron]

Mark, it wasn't the sex! It was the threat of a lawsuit wiping out everyone's winnings that made you do it!

Man! With all the taxes taken away from the winnings, I'm glad I only play Canadian lotteries where the winnings are tax free AND paid in a single installment!

 

[EugeneR]

One more reason to love Canada.

 

[Patrick_S]

I don’t know but isn’t the Mega Lottery payout of 111 million figure for a one-time cash payment?

Which of course is much better option then taking the money over a 20 plus basis.

By the way I'd take the money either way.