Powerball Jackpot

[Jennasis]

One family from Mumford was in the Today Show studio this morning with alleged winning ticket. They haven't gone to lottery officials yet and said they wanted to announce the win on the air. Even had the one lady call her boss to tell her. The show was careful to point out that the family hadn't been verified yet.

 

[Dentam]

One family from Mumford was in the Today Show studio this morning with alleged winning ticket. They haven't gone to lottery officials yet and said they wanted to announce the win on the air. Even had the one lady call her boss to tell her. The show was careful to point out that the family hadn't been verified yet.

That is the absolute last thing I would do... sounds fishy to me... of course, now I'm even more suspicious of anyone saying they've won.

 

[Jennasis]

That is the absolute last thing I would do... sounds fishy to me... of course, now I'm even more suspicious of anyone saying they've won.

It's definitely not how I would do it LOL! I can only imagine the wrath they would suffer if it turned out they were lying....and frankly I can only imagine the onslaught of ridiculous they'll endure now that they've gone uber-public.

 

[Tinkerdreams]

One family from Mumford was in the Today Show studio this morning with alleged winning ticket. They haven't gone to lottery officials yet and said they wanted to announce the win on the air. Even had the one lady call her boss to tell her. The show was careful to point out that the family hadn't been verified yet.

I saw it and their lawyer was on with them and he's the one that told them to go public. They also indicated that they were going to the lottery to claim the ticket right after their visit on the Today show.

I would not have taken that advise from that attorney. Savannah even asked them if they were nervous now that they've gone public and being in NYC. She said it jokingly but she definitely has a point!! I certainly hope they had some kind of escort to claim their winnings.

 

[Dentam]

Okay, going to have to turn on the Today show this morning!

 

[Jennasis]

I saw it and their lawyer was on with them and he's the one that told them to go public. They also indicated that they were going to the lottery to claim the ticket right after their visit on the Today show.

I would not have taken that advise from that attorney. Savannah even asked them if they were nervous now that they've gone public and being in NYC. She said it jokingly but she definitely has a point!! I certainly hope they had some kind of escort to claim their winnings.

I think the husband said they had hired bodyguards to escort them after.

 

[Dentam]

I watched them on the Today show this morning. They seemed like they were still in shock, which is very understandable! I wonder why their lawyer had them do that... doesn't seem very wise to me...

 

[Sabeking]

https://www.yahoo.com/music/powerball-reimbursement-fund-page-created-235504618.html

I thought I had seen it all. Anyone willing to donate?

 

[Dentam]

I thought I had seen it all. Anyone willing to donate?

Wow. And... no.

 

[daughtersrus]

https://www.yahoo.com/music/powerball-reimbursement-fund-page-created-235504618.html

I thought I had seen it all. Anyone willing to donate?

The gofundme page has been taken down

 

[Sabeking]

The gofundme page has been taken down

I can only imagine why!!!

 

[RedAngie]

https://www.yahoo.com/music/powerball-reimbursement-fund-page-created-235504618.html

I thought I had seen it all. Anyone willing to donate?

I'm not surprised. There are all kind of scammers out there because they know there are plenty of suckers for a fake sob story.

I wonder if Cinnamon Nicole is her "professional" name.

 

[John VN]

Actually, according to experts, the logical thing to do is to take the lump sum and invest it properly. We would invest most of it, after paying off bills, giving money to family and setting up a charitable organization, and live off the interest for a while. You will make more in the long run than you would ever get from the annuity offered through the lottery. We would never take the offered annuity.

Also, only means their chances are 72,500 out of 200+ million, (1 out of 200+ million per ticket). So, it only increases their chances by a very small amount (miniscule) as each ticket still only has a 1 in 200+ million chance. Each ticket would have to have completely different numbers also in order to increase the odds.

I "won" $4 last night. A week ago I won $8 (matched powerball twice) on $20 worth of tickets. I turned around and reinvested in 4 more tickets on which I won zero. DH bought 5 more tickets on Monday and on that I matched the powerball on one line so $4. So, out of $30 spent, I got $12 back. Pretty good deal for the state.

There's an issue with the estate tax on annuities. There's a complex way to determine the total valuation, but the amount of tax is due right then regardless of whether there's enough cash to pay it. I understand that sometime the only way out is to cash it out with an annuity buyer.

http://finance.zacks.com/taxes-lottery-annuities-9048.html

States will make annual annuity payments to you and then to your heirs until the money runs out. If you die before receiving all your annuity payments, your estate and heirs could face a whopping death-tax bill on all the unpaid money remaining in the annuity. That tax would be due all at once in the year of your death. In effect, your estate and heirs would owe tax today on money that won’t be paid for years to come. But if your state lottery permits payment of the present value of the outstanding annuity balance as a lump sum to your estate, your heirs can obtain the money to pay the death taxes.​

I have read other articles stating that an annuity can make sense. Had I been the only winner, having 30 checks of around 40 million dollars each would be just fine with me. I would not invest a DIME rather sensibly give away and spend the money. Why on earth would I need more than 3/4 of a BILLION DOLLARS????? that would require me to invest the winnings.

 

[bcla]

I saw it and their lawyer was on with them and he's the one that told them to go public. They also indicated that they were going to the lottery to claim the ticket right after their visit on the Today show.

I would not have taken that advise from that attorney. Savannah even asked them if they were nervous now that they've gone public and being in NYC. She said it jokingly but she definitely has a point!! I certainly hope they had some kind of escort to claim their winnings.

California says that a "security agent" can be requested to accompany the winner to the bank at the time the check is picked up at a district office. I'm not sure if it's the private security that they have at those offices or if it's one of the sworn peace officers that the California Lottery has.

http://static.www.calottery.com/~/m...nloads/winnershandbook_english9-13_sjk_02.pdf

Your first payment will be available within six to eight weeks from your claim date. For jackpot prizes, your nearby District Office will notify you when your check is ready for pick-up. You may choose to have a Lottery security agent accompany you to your bank or financial institution.​

 

[bcla]

So the first of the three jackpot winners has claimed the prize. It was the couple that went on the Today show.

http://www.tennessean.com/story/news/2016/01/15/munford-couple-wins-powerball/78837572/

I read somewhere else that they were able to collect a smaller payment today, and the bulk will be available in about 10 days. It's not like my state where nothing is available until they go through the formalities including possible verification of store security video. They say it's 6 to 8 weeks.

 

[Mizzoufan]

I like the couple that was from TN. They seemed very nice and grouned. Loved she's still going to work.

 

[WorldWacky]

Congrats to the TN couple. I hate that they have to come forward. Being from a small town, they'll be easy to track down. Crazies out there aren't going to leave their family alone.
I get that the lottery officials want to make sure people know it's not fixed, but it makes it difficult for the winners. Especially people who want to keep their jobs and stay in their hometowns.

 

[Dentam]

Here's an example of crazy good luck - this kid won 2 million by playing the numbers someone had discarded.

http://www.missopen.com/news/2-million-powerball-tickets-winner-as-a-teenager-from-sanford-florida/

 

[Dentam]

I read somewhere else that they were able to collect a smaller payment today, and the bulk will be available in about 10 days. It's not like my state where nothing is available until they go through the formalities including possible verification of store security video. They say it's 6 to 8 weeks.

Yes, I read they got a "small check" today for a few million. Also, they both plan to go back to work on Monday.

ETA: Just read that they plan to donate to St. Jude's and their church. Also most likely their town. Seems like a great couple to win this.

 

[bcla]

Just revisiting this thread. I heard the winner from Florida claimed the prize in February, but had six months to do so.

The winner from California bought it at a 7-11 in Chino Hills, but still hasn't claimed it. I remember stuff like a fake claim of the winning ticket on social media. California gives a whole year to claim a prize. There is the possibility that whoever bought it lost it, forgot to check, or made a mistake in checking the winning numbers. Or it could be someone who has gone to an attorney and financial advisers and is waiting.