IF you won the lottery

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CielOnTap
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Re: IF you won the lottery

Post by CielOnTap » Fri May 22, 2009 12:18 pm

Splendid news about the Lotto 649 ticket-it was for a group! 13 co-workers shared the ticket.

Lucky 13 for Edmonton bank payroll clerks said to be $50M lotto winners
Thu May 21, 5:59 PM
By Jim Macdonald, The Canadian Press

EDMONTON - Thirteen women working in payroll on the 13th floor of an Edmonton bank tower screamed with delight Thursday as word spread that they'd won a $50-million Lotto 6-49 jackpot - the third-largest in Canadian history.

The Western Canada Lottery Corp. would not confirm the clerks bought the single winning ticket, but did announce a news conference would be held Friday for "Edmonton co-workers" who won the prize. http://ca.news.yahoo.com/s/capress/0905 ... 50m_winner
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burnt fare
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Re: IF you won the lottery

Post by burnt fare » Fri May 22, 2009 12:46 pm

In these financially-strapped times, yes I agree that finding out a winning ticket is a group ticket does make the news less disappointing to the other ticketholders who did not get the big prize.

However, I cannot see all of them leaving their jobs--the social aspect and routine of having them would be hard to replace. Also, $4m is not forever money. Hope that some good causes see some of the prize money come their ways.
Burger time

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Re: IF you won the lottery

Post by CielOnTap » Sun May 24, 2009 3:01 pm

Burnt fare, you correctly called the outcome of the Lucky 13-they are keeping their jobs.

Lucky 13 lotto winners keeping jobs
By RICHARD LIEBRECHT, SUN MEDIA
The Edmonton Sun

Even with millions in their pockets, Edmonton's lucky 13 Lotto 6-49 winners are staying on the job together.

The group of 13 ATB Financial human resources co-workers - 11 women and two men - pocketed $49.9 million with a novelty cheque handed over at the Hotel Macdonald yesterday afternoon.

"We're all overwhelmed, but very excited, and very thankful as well," said winner Pat Podridske. http://cnews.canoe.ca/CNEWS/Good_News/2 ... 1-sun.html
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Re: IF you won the lottery

Post by CielOnTap » Wed May 27, 2009 1:02 pm

This gift qualifies as a lottery prize of sorts-the lottery of kindness!

Wealthy widow repays villagers' kindness by leaving them £400,000 in her will - that's £500 each in cash
News Type: Event — Seeded on Wed May 27, 2009 11:02 AM EDT

Eight hundred villagers are to get tax-free windfalls after their community was left a fortune by a wealthy widow as a thankyou for the welcome she received there after she retired.

Margaret Allan travelled the world with the Foreign Office but was happiest in the friendly Welsh seaside village of Solva.

Now everyone who lives in the Pembrokeshire community - population 800 - will get a share of the £407,028 she left in her will. Kindness
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fishandchips
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Re: IF you won the lottery

Post by fishandchips » Wed May 27, 2009 2:49 pm

Patience reaps its own rewards if one is willing to wait YEARS but then sometimes one prefers to live life. The woman had a good life and enjoyed the villagers' community. How lovely is that she gave the community something in return? :D
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Re: IF you won the lottery

Post by CielOnTap » Thu May 28, 2009 3:28 pm

Holding onto paper slips months after their purchase has yielded a pleasant surprise for an Australian woman.

Old lottery ticket worth millions
Thu May 28, 3:00 AM

SYDNEY (AFP) - An Australian woman who checked a bunch of old lottery tickets because she was worried about her family's finances found she had won more than 10 million US dollars 10 months ago, officials said.

The university student in her 30s won 13,185,273 Australian dollars after checking the 10-month old ticket she'd received as a gift from her father -- two months before it would have expired. http://ca.news.yahoo.com/s/afp/090528/o ... ry_offbeat
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Re: IF you won the lottery

Post by Rhet-or-Ric » Thu May 28, 2009 5:11 pm

.
I wonder if it'll be 10 months before this person realizes he/she won.

Below is the full story, but here's the link. http://www.thecelebritycafe.com/features/28099.html
Winner, South Dakota Produces Powerball Lottery Winner
28-May-2009
Written by: Alisha Prakash


A Powerball worth $232 million was sold in Winner, South Dakota.

The town of Winner, South Dakota, approximately 200 miles southwest of Sioux Falls, has sold the winning Powerball jackpot ticket worth $232 million on Wednesday.

State lottery officials say the ticket holder has yet to claim their earnings, but they have scheduled a conference Thursday morning to offer details, according to the Associated Press.

They also say it's the ninth-largest Powerball jackpot ever.

Out of the millions of tickets that were sold on Wednesday, only one lucky ticket held all six winning numbers, including five, six, twelve, 16 and 21. The Powerball was seven, according to the Associated Press.

A number of people came close to the jackpot by matching five numbers. They were sold in Colorado, Florida, Indiana, Minnesota, North Carolina, Pennsylvania, South Carolina and Wisconsin and worth approximately $200,000, reported AM1500.

Powerball is played in 30 states, Washington D.C. and the U.S. Virgin Islands, reported the Associated Press.
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Re: IF you won the lottery

Post by CielOnTap » Fri Jun 05, 2009 9:19 pm

23-year-old rancher claims $232.1M Powerball win
Image
June 05, 2009
Chet Brokaw
The Associated Press
PIERRE, S.D. — A 23-year-old rancher whose family has fallen behind in its taxes and recently had a mobile home repossessed claimed a $232.1 million US Powerball jackpot today, one of the largest undivided jackpots in U.S. lottery history.

Neal Wanless, who lives on his family’s 130-hectare ranch near Mission, S.D., bought the winning ticket in the nearby town of Winner late last month during a trip to buy livestock feed. He will take home $88.5 million in a lump sum payment after taxes are deducted.

Wanless, who did not speak publicly about the win until today, spoke for only a couple of minutes at a ceremony today, reading a prepared statement. He was wearing a big black cowboy hat and had a huge grin on his face during the brief ceremony. http://www.thespec.com/News/BreakingNews/article/578273

A good outcome to the lottery win. The community will benefit also, as will the horse.
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Re: IF you won the lottery

Post by 123duyusee » Sat Jun 06, 2009 7:41 am

Recent lottery stories warm the heart. Keep them coming! May the rancher always know who his friends are.
The count is in...

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Re: IF you won the lottery

Post by CielOnTap » Sat Jun 06, 2009 10:53 am

I was trying to wrap my head around the South Dakota winner's "loss" of over half of the lottery prize, as I know the IRS has to get its share of lottery money as tax but not over 50%! So the key phrase is "lump sum."

From the Powerball site:
Players win by matching one of the 9 Ways to Win. The jackpot (won by matching all five white balls in any order and the red PowerBall) is either an annuitized prize paid out over 29 years (30 payments) or a lump sum payment. Each ticket costs $1. If the winner chooses the annuity, the annual payment will be increased each year by the percentage set out in the Powerball game rules.
From the IRS site about withholding taxes:
Withholding
You must withhold federal income tax, at the rate of 25% (regular gambling withholding), from the amount of winnings less the amount wagered if the winnings less the wager exceed $5,000. If the winner of reportable gambling winnings does not provide a TIN, you must backup withhold at the rate of 28% on any such winnings that are not subject to 25% regular gambling withholding. That is, backup withholding applies if the winnings are at least $600 but not more than $5,000 and are at least 300 times the wager. Figure the 28% backup withholding on the amount of the winnings reduced, at the option of the payer, by the amount wagered.

Installment payments of $5,000 or less are subject to 25% regular gambling withholding if the total proceeds from the wager will exceed $5,000.

If payments are to be made for the life of a person (or for the lives of more than one person), and it is actuarially determined that the total proceeds from the wager are expected to exceed $5,000, such payments are subject to 25% regular gambling withholding. When a third party makes the payments, for example, an insurance company handling the winnings as an annuity, that third party must withhold.
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