Mega Millions $970,000,000

[Old School]

By Ellyn Felton, KCRG-TV9 | Posted: Wed 12:19 PM, Oct 24, 2018 | Updated: Wed 12:20 PM, Oct 24, 2018

CLIVE, Iowa (KCRG) - Three Iowans have won $10,000 each after buying a ticket for Mega MIllions.




Powerball and Mega Millions Lottery Tickets, Photo Date: 10/18/18 / Photo: Ed Clemente / MGN
The Iowa Lottery said two of the tickets were sold in Ames and one was sold in Marion.


The Marion location was a the Kum & Go on Seventh Avenue.


A $1 million prize hasn't been claimed yet at the Iowa Lottery headquarters in Clive. That ticket was sold at a Hy-Vee in Davenport.


The Iowa Lottery says Hy-Vee will receive a $1,000 bonus for selling the $1 million winning ticket at one of its stores.


People in Iowa bought a total of 106,564 plays for the drawing last night, with prizes ranging from $2 to $1 million. A total of 106,000 prizes were won in Iowa.


The jackpot ticket for Mega Millions was sold in South Carolina, where a person yet to be identified won $1.54 billion annuity, or $877.8 million lump-sum option.

 

[Old School]

There are nine different ways to win with #MegaMillions! Two NC players matched five balls to win $1 million, two players matched four balls and the Mega Ball with the Megaplier to win $30,000, and nine matched four balls and the Mega Ball to win $10,000. http://bit.ly/2Pm6PxI

 

[vinnie]

wife loses $6.00 every week on this shyt..

has never collected a single $

my wife already bought 10 powerball tickets :facepalm:

 

[Old School]

Winner of $1.5 billion Mega Millions jackpot has finally come forward in South Carolina

Anna B. Mitchell, The Greenville News

More than four months after making his or her fateful lottery ticket purchase, the winner of the $1.5 billion Mega Millions jackpot has stepped forward ? but will remain anonymous, the South Carolina Education Lottery Commission announced.

The winner of the largest jackpot in U.S. history has opted for up-front cash ? a one-time payment of $877,784,124, the commission announced shortly before 5 p.m. Monday.

According to a statement from the commission, the winner has confided in how unlikely the win was ? that the winner had let a fellow customer buy a Quick Pick Mega Millions lottery ticket ahead of him or her in line the day of the purchase at the KC Mart in Simpsonville.

?We are delighted that the winner is a South Carolinian and has come forward to claim this remarkable prize," said Hogan Brown, the commission?s executive director. "We respect the winner?s decision to remain anonymous, and we will honor the winner?s wishes.?

KC Mart in Simpsonville will receive $50,000 for selling the claimed winning ticket.

"It's a lucky store for me and them too," owner CJ Patel said. "(I tell them) to keep buying the tickets. Keep trying."

Business at the store has also picked up since word of the winning ticket got out.

"It's increased, definitely," KC Mart employee Himanshi Patel said as she rang up customers purchasing their own lottery tickets Monday night.

The state of South Carolina, meanwhile, will collect $61 million in income taxes from the winner, according to the commission.

The winner has hired attorney Jason Kurland of Rivkin Radler of New York, who will provide legal representation while also acting as the winner's spokesman, according to the commission.

Kurland has represented multiple large lottery winners, according to his firm's website, including the Putnam Avenue Family Trust, winner of a $254.2 million Connecticut Powerball lottery; the Rainbow Sherbert Trust, winner of a $336.4 million Rhode Island Powerball jackpot; and The Ning Trust, winner of a $121.6 million Powerball jackpot in Delaware two years ago.

Kurland could not be reached for comment Monday evening.

Once the South Carolina winner has been paid, a news conference will take place at the S.C. lottery commission's headquarters in Columbia.

The ticket's initial purchase took place Oct. 23, 2018, and the winner had 180 days to step forward.

He ? or she ? waited for 132 days, prompting intense speculation on social media about what the winner might be up to over the past four months. Was the ticket lost? Did the winner not know he or she had bought the winning ticket? Had a minor purchased it?

According to a recent report, had the winner deposited the $878 million lump sum into a 2-percent interest savings account on day one, they would have collected $5.8 million in interest alone by now.

 

[Redhog]

According to a recent report, had the winner deposited the $878 million lump sum into a 2-percent interest savings account on day one, they would have collected $5.8 million in interest alone by now.

That compounded interest is pretty sick. :scared

 

[Old School]

According to a recent report, had the winner deposited the $878 million lump sum into a 2-percent interest savings account on day one, they would have collected $5.8 million in interest alone by now.

That compounded interest is pretty sick. :scared

and give 50 family and friends a 1/2 million cash to put in the bank and don't bother me anymore...

get that place next to Gates and close to Warren and cast a line with no bait on it.

 

[MadJack]

According to a recent report, had the winner deposited the $878 million lump sum into a 2-percent interest savings account on day one, they would have collected $5.8 million in interest alone by now.

That compounded interest is pretty sick. :scared

Dumbasses. Thinking they are being smart, they pissed away all that extra money on interest.

Fuck getting a lawyer, I'll figure that shit out on my own.

 

[yyz]

Dumbasses. Thinking they are being smart, they pissed away all that extra money on interest.

Fuck getting a lawyer, I'll figure that shit out on my own.

:lol:


I'm not sure it's as easy as people might think.

Oh, and if you invest almost a billion dollars, and the best rate you get is 2%, you're losing a hell of a lot more than that!

 

[MadJack]

:lol:


I'm not sure it's as easy as people might think.

I'll take my chances. :0008

I'll give away about $50 million to friends and family. They are the ones that might need some advice. I can't spend the rest no matter how hard I try. The grand kids can have the rest of what's left after I die. That will be setup equally between them. Okay, I'll need a lawyer to set that up.

No Tom Brady house for me. Luxury condos in a few nice spots. Maybe a 5000 sqft house on a shit pile of acres somewhere. And a plane. :shrug:

Didn't even put a dent in it yet.

 

[REFLOG]

And a plane. :shrug:

.

Another one:shrug:

 

[MadJack]

Another one:shrug:

:lol:

 

[yyz]

I'll take my chances. :0008

I'll give away about $50 million to friends and family. They are the ones that might need some advice. I can't spend the rest no matter how hard I try. The grand kids can have the rest of what's left after I die. That will be setup equally between them. Okay, I'll need a lawyer to set that up.

No Tom Brady house for me. Luxury condos in a few nice spots. Maybe a 5000 sqft house on a shit pile of acres somewhere. And a plane. :shrug:

Didn't even put a dent in it yet.

The thing is, some asshole will fall in your driveway, and get a check from you.

 

[redsfann]

Dumbasses. Thinking they are being smart, they pissed away all that extra money on interest.

Fuck getting a lawyer, I'll figure that shit out on my own.

5.8 million when you won 878 million?
Who fucking cares?
But here?s the thing?- they ain?t seeing 878 million.
It?s reduced by almost 50% to pay taxes and then the winner needs to set aside another 20% or so to pay any state and local taxes that aren?t immediately withheld.
That still leaves 400 million or so for the winner, who did the right thing,imo, by waiting as long as they did.
Who?s to say they weren?t working with a team of investment advisors and bankers to set up the best way to avoid as much tax on all that money going forward, as I would be doing had it been me holding that ticket.



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[yyz]

5.8 million when you won 878 million?
Who fucking cares?
But here?s the thing?- they ain?t seeing 878 million.
It?s reduced by almost 50% to pay taxes and then the winner needs to set aside another 20% or so to pay any state and local taxes that aren?t immediately withheld.
That still leaves 400 million or so for the winner, who did the right thing,imo, by waiting as long as they did.
Who?s to say they weren?t working with a team of investment advisors and bankers to set up the best way to avoid as much tax on all that money going forward, as I would be doing had it been me holding that ticket.



Sent from my iPhone using Tapatalk

878M was after taxes!

 

[MadJack]

878M was after taxes!

xstop That was the one time payment figure rather than split into 20 yearly payments.

 

[MadJack]

5.8 million when you won 878 million?
Who fucking cares?
But here?s the thing?- they ain?t seeing 878 million.
It?s reduced by almost 50% to pay taxes and then the winner needs to set aside another 20% or so to pay any state and local taxes that aren?t immediately withheld.
That still leaves 400 million or so for the winner, who did the right thing,imo, by waiting as long as they did.
Who?s to say they weren?t working with a team of investment advisors and bankers to set up the best way to avoid as much tax on all that money going forward, as I would be doing had it been me holding that ticket.



Sent from my iPhone using Tapatalk

At soon to be 64 I don't need investment plans for half a billion bucks. I'll be there to get my money as soon as they open the doors on Monday.

Not like I'm going to have to worry about it anyway. :lol:

 

[redsfann]

878M was after taxes!

My bad :facepalm:


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[redsfann]

At soon to be 64 I don't need investment plans for half a billion bucks. I'll be there to get my money as soon as they open the doors on Monday.

Not like I'm going to have to worry about it anyway. :lol:

[emoji23][emoji23][emoji23]

That?s what fun about the lottery? I rarely play and then when someone wins a huge jackpot it?s fun to speculate what they?re planning on doing with it?-
I?ve got a great idea for a new wager that the offshores could offer!

Over under, in months, that it takes these winners to file bankruptcy!



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[yyz]

xstop That was the one time payment figure rather than split into 20 yearly payments.

Yikes! Then it is my bad!

Fuck it then. Post on half a billion.

 

[yyz]

[emoji23][emoji23][emoji23]

That?s what fun about the lottery? I rarely play and then when someone wins a huge jackpot it?s fun to speculate what they?re planning on doing with it?-
I?ve got a great idea for a new wager that the offshores could offer!

Over under, in months, that it takes these winners to file bankruptcy!



Sent from my iPhone using Tapatalk

If they take the 30 year annuity, they get to avoid going broke! Plus, if they really need the cash, they can call JG Wentworth!