$1,080 Billion powerball lotto winner in the USA - page 2.

Lida93

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

This what could be described as an infectious success for the store owner who sold the winning ticket, one million dollars is no joke amount.

AFAIK half a billion dollars is lot of money that can be used to spread investments to divers sectors leading from crypto to real estate, stocks etc, he shouldn't be in a hurry to take a slump sum so long as he's going to get his full money subsequently. Take a lump slum can put a lot of financial pressure on the lotto company because 1billion dollars taken from an account at ones is enough to make a state face some financial crisis.
A bug congratulations to the winner, looking forward to my own win Grin

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

The winner can feel cheated because they claim you've won that amount, but you don't get it. You're taxed anyway, which I understand because it's income, but why take additional part of the win if the winner decides to take all the money at once? It's his money after all.
Think what any of you would do if you were given a reward by your boss but did not get the promised money, but instead 10% of it each month because he doesn't have the money to pay you all at once. You'd feel like you're being lied to, right?

Quote from: famososMuertos on July 22, 2023, 12:42:52 PM

another winner had payment in taxes close to 30% (+-), at Las Vegas, then, also leave another 15% to state of residence. The prize was something like $7,000,000 but The winner ended up with half of it, tax free.

That's just called taxes, but really it's a scam. How come in the US you have to pay 45% tax, while in many other countries you just pay 1 income tax on your win which is something like 25-30% and you're done? Scam country if you ask me.

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

That's how those taxes work. Not only does the total prize amount get cut if its a lump sum it also gets taxed at the highest bracket. So in the end the government always wins around 70% given that they take some of the proceeds before that's even established. The prize is so high so what's the difference to the winner but it truly is criminal. But hey if ypu don't like it just don't play it's like anything else.

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Quote from: OgNasty on July 22, 2023, 12:36:04 PM

Quote from: Beparanf on July 21, 2023, 06:34:37 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US.

The comma will mistakenly assume your thread to be 1.08 Trillion instead of 1.08 Billion reward because you use 3 digit after the comma.

Indeed that was my first thought when seeing the title of this thread. I had to click it and investigate because I thought for sure if someone won a trillion dollars in the lottery I would have hear something about it. While winning a billion dollars is still an unbelievable amount, winning a trillion would have been some Hollywood movie stuff.

Nah! Nobody would surely hand somebody a Trillion dollars or at least make it as a jackpot prize in a lottery because if that happens and someone will win, he or she would be the first person in the Trillionaire club but even so, the after tax will just make them a couple of a hundred billion dollars worth. Still, the recent lottery winner is just too lucky because apparently, she was the only who won the prize money.

uneng

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

That is what I consider a clickbait. Because at first impression the news lead the reader to believe the winner is going to profit the whole prize, as stated on the news' title, however he ends only with half prize. The correct of such news and the lottery itself would be to report the liquid prize, that is, the sum of money the winner is going to receive for real, subtracting all the taxes. However, maybe it's not interesting for the marketing to say the jackpot winner is going to win only 540$ million dollars prize. Tongue

Pierre 2

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This is very surprising amount and claim. She went full public after winning that much is even more weird. I wouldn't go public even after winning a million dollars in lottery. Billion dollars is unimaginable amount that can save many lives. It would be asking for trouble to go public. Well I am not well informed how American laws work on lottery wins - like I don't know if winner is gonna pay like %20 back. In my country taxes on lottery are terrible and meaningless. But man, I wish I was the one making a billion dollars in just a day.

fullhdpixel

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Quote from: robelneo on July 21, 2023, 08:09:34 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

Even if the winner is going to receive half of that more than $1 billion it's still enough to make him one of the richest, there are a lot of dilemmas and stigmas associated when you become an instant multi-millionaire, suddenly from being an ordinary you becoming magnified and everything you want in life are easily reach, I hope the winner is educated enough to know the value of money and the best thing in life, if he is still young I hope he puts it in helping others as this is a one of a kind blessing.

Not everything as there are still some things which can not be bought by money. Winning the heart of a woman for example. They won't just come to you simply because you have billions now. If the winner is not educated enough, he can always use the money to go to school or he can hire someone that can manage his finances better.

A young person has a lot of desire but an old person can be weak to pursue some things so all that they want to do is to pass their money to someone else but there is no age requirement when lending a help. There is no point of being selfish with all of that money that you won. When you help others, you will also feel good.

wheelz1200

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

That's how those taxes work. Not only does the total prize amount get cut if its a lump sum it also gets taxed at the highest bracket. So in the end the government always wins around 70% given that they take some of the proceeds before that's even established. The prize is so high so what's the difference to the winner but it truly is criminal. But hey if ypu don't like it just don't play it's like anything else.

noormcs5

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Quote from: famososMuertos on July 22, 2023, 12:42:52 PM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw ...

AND?
Taxes, it's that simple, but the gain is still huge.

It always happens, I don't know about the last $12,100,000 winner of the wsop ME NLH 2023, but years ago, another winner had payment in taxes close to 30% (+-), at Las Vegas, then, also leave another 15% to state of residence. The prize was something like $7,000,000 but The winner ended up with half of it, tax free.

It is the United States, taxes must be paid, even immigrants must pay taxes even if they are illegal.

Who cares about the taxes when someone has won such a big lottery amount? Do you think that he will not be willing to pay the tax on the winning amount? I think he would be happy paying the taxes and going home with still a lot of money.

By the way, I never feel happy seeing such news where people become millionaires through lotteries and gambling. I always wish that one day I would be such a millionaire gambler but it never happened Huh

Why every one of us isn't so lucky as him/her who wins millions of dollars Sad

famososMuertos

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw ...

AND?
Taxes, it's that simple, but the gain is still huge.

It always happens, I don't know about the last $12,100,000 winner of the wsop ME NLH 2023, but years ago, another winner had payment in taxes close to 30% (+-), at Las Vegas, then, also leave another 15% to state of residence. The prize was something like $7,000,000 but The winner ended up with half of it, tax free.

It is the United States, taxes must be paid, even immigrants must pay taxes even if they are illegal.

OgNasty

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Quote from: Beparanf on July 21, 2023, 06:34:37 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US.

The comma will mistakenly assume your thread to be 1.08 Trillion instead of 1.08 Billion reward because you use 3 digit after the comma.

Indeed that was my first thought when seeing the title of this thread. I had to click it and investigate because I thought for sure if someone won a trillion dollars in the lottery I would have hear something about it. While winning a billion dollars is still an unbelievable amount, winning a trillion would have been some Hollywood movie stuff.

rahmad2nd

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To be honest, i didn't know about the ins and outs of the lottery and the part of the tax that is charged. however, the money won by the winner is not a small amount of money when converted to our local currency. and this is what is unique about lottery gambling. someone who is lucky, can become a rich person in an instant. but I was surprised, if the tax charged covers half the winnings that should be. even though the amount of winnings is still large, isn't the tax too huge?

By the way, I'm not from the US. question, is the Powerball lottery managed by a state institution. if yes, why is the tax levied too enormous. but if this lottery shop is managed by a private party, isn't that too odd. I don't dare to speculate too far, because I don't know how the judiciary applies there. however, it is highly probable that the taxes imposed have passed the standards set forth in the regulations passed in that country.

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Quote from: FanEagle on July 22, 2023, 11:12:16 AM

Seriously wrong line of thinking at the very start let alone anything else, I can't believe that people even start thinking about that this would be something alright. I have hard time managing money I will just pass along, let alone use someone else's money. Due to my old job 10 years ago, I would have to carry thousands and thousands of dollars from one place to another, not really a big road, just like 500 meters, that's it.

I would still have cold sweats when I faced that and it's really not a good thing to my heart, I would stress so much, finally quit it and living a much relax life right now, health issues still happens but at least no stress. Now you can understand why I would find this type of thing too risky and wouldn't do it.

Yours is a different scenario, though. You are handling someone else's money on their behalf, whereas those winners handle their own. They think that their money wouldn't run out, while in reality it drains much faster because they are focusing much on their wants and not really their needs. They tend to splurge and buy everything that they think they need and not get the assistance of a financial adviser. Honestly, I wouldn't be able to handle that much money too, and would rather have it kept in the bank and just get me something that I need. Or in a lottery win, just get it in installments and live comfortably and humbly.

FanEagle

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Seriously wrong line of thinking at the very start let alone anything else, I can't believe that people even start thinking about that this would be something alright. I have hard time managing money I will just pass along, let alone use someone else's money. Due to my old job 10 years ago, I would have to carry thousands and thousands of dollars from one place to another, not really a big road, just like 500 meters, that's it.

I would still have cold sweats when I faced that and it's really not a good thing to my heart, I would stress so much, finally quit it and living a much relax life right now, health issues still happens but at least no stress. Now you can understand why I would find this type of thing too risky and wouldn't do it.

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Quote from: maydna on July 22, 2023, 09:59:14 AM

Winning a lot of money in the lottery game is the dream of many people, but only really lucky people can win it. Others can only watch and decide to keep buying lottery tickets even though winning the lottery takes a long time. Even though his winnings will be deducted from taxes, he still earns a lot of money, and it has exceeded his expectations, and only very lucky people can get it. But the unfortunate thing about the show is that the winner shows himself in public where people can see him. At least, that's what I read from the comments.

Elon is known Billionaire, I think that he can still manage to be safe after revealing the winner’s identity since he will still need the extra security even if he claim the reward privately because the people behind the lottery knew well his personal information.

Everyone that participates in lottery knew well about the tax. There’s no sad thing about it and you’re right that winning even fraction of the total prize is still an extraordinary thing to happened on a person entire life.

maydna

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Winning a lot of money in the lottery game is the dream of many people, but only really lucky people can win it. Others can only watch and decide to keep buying lottery tickets even though winning the lottery takes a long time. Even though his winnings will be deducted from taxes, he still earns a lot of money, and it has exceeded his expectations, and only very lucky people can get it. But the unfortunate thing about the show is that the winner shows himself in public where people can see him. At least, that's what I read from the comments.

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Quote from: bitbollo on July 21, 2023, 05:03:23 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

seems like the classic historical dilemma in lottery sauce Roll Eyes

better an egg today or a chicken tomorrow?

if you think about it, such a figure even if "half" is enough to make you at least the top 1% richest on earth and live at "science fiction" levels.
I too would have done the same thing, as we say here in Italy "there is no certainty about tomorrow" Wink

You are very right mate, in-fact, I am still short of the right words to really explain how I feel about such an amount of winning, its really unbelievable to say the least, and for having to receive half of the total amount if the winner decides to collect the prize money all at once, I would say that even the half is still much more than a decent amount, though I don't know how much the winner must have spent before winning this amount, but if I was she, I don't mind even if the company say the only amount they be able to pay me at once is $200 million dollars after removing tax and all that, i still will happy with it, such an amount is more than enough for a person like me to live a happy and fulfilling life anywhere in the world.

danherbias07

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I was a bit shocked with the title because I thought it will be like 1 Trillion. So, it is $1.08 Billion to be precise.
And here is the article about it for those who don't like going to Youtube which OP has provided.
https://news.yahoo.com/powerball-winning-numbers-revealed-estimated-030302421.html

That's a lot of money.
I would not even know what to do if I am the winner of that kind of amount or it might just give me a heart attack. Cheesy

That guy will probably live the rest of his life in super luxurious things and would probably just invest in popular assets to keep the money safe. I am a bit jealous but when you think about it, it's also scary to have that large amount since evil intents will also be in the shadows.

Johnyz

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

It's like returning the money to the government through taxes. Cheesy

Anyway, if she's the lucky winner I wonder why exposing herself that much, I wish for her safety and hopefully its a real winner and not just a fake one.
There's a trust issues already in my country with regards to lottery because of there are many winners already in the first half of the year, it looks like an inside job or what.

len01

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I'm sure after that there will be a lot of strangers who claim to be his brother, Lol
but I found someone commenting on the video and also I fully support the comment.

here is the comment.

who would have thought that someone who gets the luck of a lifetime with a large amount of the lottery jackpot and a little regrets that this person unconsciously publishes his winnings and it will be very risky for himself because crimes are definitely targeting him.
and on the one hand this victory makes gamblers out there motivated and think that luck is always in the lottery and always trying to buy continuously will be better, but for me it's not.

Topic: $1,080 Billion powerball lotto winner in the USA - page 2. (Read 553 times)