Bittersweet day for lottery winner
Posted by pctutor1 | Filed under winners
Glen Bell will remember this day, for the best of reasons and the worst of reasons.
Bell is a bus driver, 52 years old. He recently matched his winning numbers in the 649 Lotto, and won $4.3 million. That’s the good news.
The bad news came as Bell and his wife Treva were on their way to the Lottery offices to claim their winnings - they got news of Treva’s father dying unexpectedly. The mood went from elated to somber very quickly.
The Bell’s have decided to use their winnings to improve the lives of others, and they will start with their 3 adult children by buying them houses. They will also pay off their own mortgage. Bell plans to keep his bus-driving job for a little while, until they figure out what to do with the rest of the money.
Lottery winner shops for a car
Posted by pctutor1 | Filed under winners
A British lottery winner goes car shopping. Hmmm…A Ferrari or an Aston-Martin? Tough decision.
Store clerk sees opportunity, ends up in prison
Posted by pctutor1 | Filed under losers, strange, winners
It’s a typical scene: customer comes in convenience store and hands the clerk a lottery ticket from the previous day’s drawing to see if it is a winner. Clerk says it is not a winner, and customer is not all that surprised. But what if the ticket was actually a big winner, and the clerk just keeps it and claims the big prize? That is what happened recently to a man in Baton Rouge.
The store clerk, Melissa Trahan, told him the ticket was no good. It was in fact a winner of about $800,000 total. She pocketed the ticket and later gave it to her mother. Her mother agreed to present the winning ticket in return for $150,000 of the winnings.
Store cameras later revealed the scam, and mother and daughter are now in prison. They could be sentenced to as much as 20 years behind bars.
Here’s the sad part - the actual winner may not even receive the money he was rightfully due. The money has been seized by authorities as evidence.
Winners from yesterday, updated
Posted by pctutor1 | Filed under Video, winners
Remember yesterday’s post? New millionaires, and they can’t even crack a smile. Well, the husband finally figured out how to answer the question, “What is the first thing you will do with your new wealth?”
Newest millionaires act like it’s a funeral
Posted by pctutor1 | Filed under strange, winners
These people just won many millions of dollars, but you would think they just got news that their dog had died. I know it’s a little overwhelming, but show a bit of excitement, people!
Lottery winner almost killed while cashing ticket
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North Carolina Powerball winner
Posted by pctutor1 | Filed under winners
Clifton Jones was a regular player of the Powerball game. His wife wasn’t all that excited about it, but she figured that since the money from the Lottery was going toward education in the state, it wasn’t all that bad. Now that they have won $2 million, she’s a little happier about it.
Powerball winners describe the feeling
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What It Feel Like To Win The Lottery
Posted by pctutor1 | Filed under winners
Have you ever thought about what it would be like to win the lottery? Let’s face it: there are plenty of individuals who dream about winning the lottery, but few who dream about it actually win.
The first issue that one should keep in mind when playing the lottery, whether it’s the UK Lottery, the United States Lottery, or any other lottery throughout the world, is that your chances are very slim. However, this is probably most of what attracts many individuals around the world to take part in national and state lotteries in the first place.
A second, and perhaps most important, issue that one should think carefully about before playing the lottery is how much winning a national or state lottery will change their life. There are many true stories about individuals who have struck it rich by winning millions of dollars in the lottery, but then somehow losing it all in fame, fortune, or even death.
For example, there are several cases where individuals have won plenty of money in the lottery, but for whatever reason have declared bankruptcy a few years later! This could have resulted from carelessness with spending the lottery winnings, but another possibility is that lottery winners may be robbed of their money!
If one just thinks for a moment at how much publicity they’ll receive from winning the lottery and how much their friends and families attitudes will change towards them if they actually win the lottery, then chances are that those who have already won would take it all back if they had the chance to!
On the other hand, there are so many great things and accomplishments that one can take on if he or she wins the lottery. Considering the fact that national lotteries and even state lotteries have very high stakes then this means that an individual usually probably ends up winning over a million dollars or more!
Not only would you be able to put away some money for your children’s college fund, but you’d probably also be able to put money away for your grand children’s college fund, as well as for many other things, including vacations, retirements, new houses for yourself and your family, and even new cars if desired. Retirement is also another issue that is usually saved up for after the lottery has been won, as well as saving for vacations, extra houses, and even brand new automobiles!
As mentioned, though, chances of actually winning the lottery are very, very slim. In other words, you are essentially spending the income that you now have on lottery chances when you could be spending the money on other very important things, like food, clothing, or necessary bills.
Many people don’t realize how much their spending on lottery tickets actually stacks up, but when you calculate the amount that a person spends in a whole year or more on lottery tickets alone the savings could be very huge for someone who lives paycheck-to-paycheck.
Yet, there are millions of people who play the lottery either daily or weekly with no qualms or regrets about it at all. All things considered, winning the lottery can be a great thing for practically everyone. Knowing some of the risks that come with playing and actually winning the lottery, though, is something that must be thought about!
Tags: National Lotteries, Uk Lottery, Win The Lottery
How to be a Successful Lottery Winner
Posted by pctutor1 | Filed under losers, winners
Every lottery player has often dreamed what they would do with their winnings if they were fortunate enough to win a large jackpot. The prospect of suddenly having millions of dollars makes the most rational mind indulge in flights of fancy. All lottery players at one time or another have dreamed of expensive cars, huge mansions, luxury vacations, and all the things that a lot of money can buy.
As it turns out, for some, winning the lottery has brought nothing but broken dreams and disappointment. Most lottery winners are not adept at money management and in many instances some players find themselves in a financial mess. Take the case of William Post of Pennsylvania. In 1988 Mr. Post won $16.2 million in the Pennsylvania lottery. Mr. Post found himself the subject of lawsuits and as if that wasn’t enough his brother was arrested for trying to hire a hit man to kill him so he could inherit his new found wealth. Mr. Post also made several bad business investments and within a year found himself a million dollars in debt. Said Mr. Post, “I wish it never happened. It was totally a nightmare.” Mr. Post now finds himself living on $450 a month from Social Security and food stamps.
One of the more well known cases is that of Jack Whittacker who won a $315 million Powerball jackpot in the West Virginia lottery. Mr. Whittacker chose the cash payout option and received a check for $113.4 million after taxes. Mr. Whittacker started out with good intentions donating money to several church based charities and set up a foundation to provide food and clothing to low income West Virginia residents. A month after winning Mr. Whittacker was arrested for drunk driving. His problems spiraled out of control very quickly. Mr. Whittacker spent over $100,000 at a strip club and while at the club thieves broke into his car stealing $545,000 in cash. Thieves then broke into Mr. Whittacker’s car another time stealing $200,000 in cash. None of the money in either incident was ever recovered. Mr. Whittacker was the target of numerous lawsuits most of which were settled out of court.
After winning the lottery jackpot, Mr. Whittacker’s life quickly spiraled out of control. He became the subject of numerous lawsuits and thieves emptied his bank accounts. For example, Mr. Whittacker was sued by an Atlantic City casino for gambling debts and was sued for wrongful death in the case of a drug overdose that occurred at his home. Mr. Whittacker has stated that he wishes he had never bought that fatal lottery ticket.
Many who win the various lotteries are not sophisticated when it comes to finances and find themselves in financial trouble fairly quickly. Says Susan Bradley author of the book Sudden Money: Managing a Financial Windfall, “People who are not used to having money are fragile and vulnerable, and there are plenty of people out there who are willing to prey on that vulnerability - even friends and family.”
Winning the lottery need not be all doom and gloom. There have been some winners who have managed their new found wealth well and many have managed to invest their winnings in such a way that they and their families will be secure for generations. Brad Duke, who took an $85 million dollar payout after winning a $220 million dollar Powerball jackpot in 2005, is an example of a winner who has used his new fortune to provide for his family’s long term security. Instead of immediately spending his winnings Mr. Duke quickly assembled a team of financial advisors with the goal of becoming a billionaire in mind. Here is how Mr. Duke has spent his money so far.
$35 million: Aggressive investments like oil and gas and real estate $1.3 million: A family foundation $63,000: A trip to Tahiti with 17 friends $125,000: Mortgage retired on his 1,400 square-foot house $18,000: Student-loan repayment $65,000: New bicycles, including a $12,000 BMC road bike $14,500: A used black VW Jetta $12,000: Annual gift to each family member
Obviously Mr. Duke has not indulged in the frivolous spending that seems to be the hallmark of many lottery winners. He has carefully planned his investments with long term goals in mind.
These examples represent different reactions to sudden wealth. Most of us have at some time or another fantasized about winning the Powerball or the Mega Million and what we would do with all that money. Some of us see winning the lottery as a chance to indulge is pleasures and luxuries, while others see it as an opportunity for long term security for ourselves and our families. The question is, if you were to win the lottery, which would you choose?
You may now increase your chances of achieving your dream by playing several state lotteries online from the comfort of your own home. Simply log onto your official state website. These sites explain how to purchase tickets, and often times tickets can be purchased online so you can play most state lotteries from the comfort of your own home. You can also refer to official state websites for custom lottery news. Many sites offer lottery number generators to help make your lottery number picking easier for you. If you would like to purchase your tickets in person, you can also visit a local lottery terminal. You can also log onto Lucky Lotto for all your lottery needs. This site offers the player the opportunity to play most state lotteries from the comfort of their own home. Make sure to visit LuckyLotto for all of your custom lottery news and check out our new LuckyLotto lucky lottery number generator! No matter how you choose to purchase your tickets, or which tickets you choose to buy, you’re bound to have some fun!
Tags: Lottery Winners, Pennsylvania Lottery, West Virginia Lottery
