$1,080 Billion powerball lotto winner in the USA - page 4.

iv4n

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$1,080 Billion lotto win! And we (in some threads) discuss why people play the lottery!

Well, this is why people love lotteries... The higher the prize more people are playing, making the prize pool greater and greater. As some of the members said, this guy settled himself and his family for generations. It's always nice to someone hit a huge prize, and of course, we hope that our moment will come as well!

knowngunman

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Quote from: retreat on July 21, 2023, 08:13:44 AM

" You stay anonymous until after you claim the money officially. You don't receive the money immediately, people with bad intentions will probably be looking for her today. Hopefully she stays safe, but doing this in public was a very bad decision. "

It was the top comment on the video. And to be honest it was a big mistake to make it public, because surely there would be someone with bad intentions who would harm her. Let's hope we can still hear from this lady, because it was very lucky for her to be able to hit the jackpot with such a big prize.

It's was a bad idea making it publicly while she has not been officially declared but it makes no difference despite the fact because there's no anonymity in the case like this and with time she'll be all over the internet. Besides, People's bad intention towards her will not change anything or divert the rewards to them. I believe she'll not be carried away by not hiring heavy security around her with such a huge amount.

Such amount of money is enough to transform someone's life for better even if you decide to quit gambling but unfortunately people got confused after winning huge amount and think it will continue like that. Perhaps, Living extravagant lifestyle and lack of financial management are the reason majority of them get broke after wining a jackpot.

coin-investor

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The amount of money is not only life-changing but for the whole family and generation to come I hope they get a financial adviser if you have this amount of money suddenly you feel like you can buy anything or just about everything we have read lottery winners after a few years losing their fortune because of too much expenditure I hope they will not suffer from that.

The option to have it in a lump sum is understandable many bettors do this its their money and they want to keep up with you never if something along the way happen that you cannot get all the money you've won he wants to secure it maybe invest in real properties stocks or Cryptocurrency.

Questat

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Quote from: btc_angela on July 21, 2023, 10:44:21 AM

Quote from: acroman08 on July 21, 2023, 05:55:32 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

Yeah, really hard to choose if you are going to get the lump sum or not. But for them, I would go with it, so that there will be no hassle and then you can think ahead what you gonna do with that money.

Because if not, then you will have to wait like every month to get the money and it might take years before you can get all your winnings. And for sure, I think majority here will choose lump sum? Right guys?

Both have its own pros and cons whether they choose to have the lump sum or via installment. But for me, it's much better if I will get the lump sum so that I will not be thinking about what is left and so I can have a proper assessment on what I have to do with it. Besides, 1 Billion dollars is quite a big amount to think but for the winner, that is not the same figure she's getting because taxes are also hefty in US and I guess she will only have a clean 65% of what she won.

tusandii

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Quote from: KTChampions on July 21, 2023, 10:30:24 AM

Quote from: acroman08 on July 21, 2023, 05:55:32 AM

-snip-

50% of the winnings are taken by the state Grin

I laugh at this scam every year. If I'm not mistaken, the organizers of the lottery pay significant taxes initially + the winner pays more than half of the taxes, so in total, the state takes 80-90% of the entire prize pool (I don't remember the exact amount). If this is not a scam, then what is it?

There are some people who are lucky by winning the jackpot on the lottery bet and not all of them are taxed excessively by the state which reaches 50%.
Maybe some countries implement a tax system for every gambler who wins big, but only 10% to 20%, not 50% because if touch half the winnings it's not a tax but more appropriate to call it extortion.
In my country there is no such tax system but the prohibition for gambling is set by law regulated, it's just that we as gamblers can still gamble online and secretly without worrying about being found out by the government when gambling on gambling sites crypto.

rhomelmabini

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Quote from: topbitcoin on July 21, 2023, 07:56:19 AM

Quote from: rhomelmabini on July 21, 2023, 06:21:58 AM

Quote from: acroman08 on July 21, 2023, 05:55:32 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.

I'd rather lump sum it rather put it on others hand, half a billion dollar is not a little amount, I'd say "okay get the taxes and just give me my prize". That's already on the term and I think it isn't new if you know how lottery rewarded their winners. That winner should never take it on one lump sum day as well I hope, she'd just be shock how big it is, he's already a millionaire and hope she doesn't take it in one day as well.

I also think it's better to withdraw it directly even though it's taxed and don't get a lump sum payment it's better, than depositing it in the casino and or dividing it in half into two withdrawals it's the same, or it doesn't make a difference he will be taxed too.

But if using two withdrawals doesn't get as big a tax as using one withdrawal, I think making two withdrawals is a good thing to reduce the tax that should be, and he gets money that shouldn't be paid for taxes, although yes he becomes a millionaire and the money is taxed doesn't affect him, but we need to remember that money with that amount of tax is really a shame if you don't have money or run out of money later.

The option doesn't take two withdrawal or something, it was a 30 year annuity to receive their winnings and historically most winners would take the lump sum though. It's still million of dollars though but there are way too many burden taxes that the winner should get into and he/she most likely get around $300M+ more with this lump sum.

Here's the breakdown regarding this Powerball win: https://www.wfaa.com/amp/article/news/nation-world/after-taxes-how-much-1-billion-powerball-winner-will-actually-take-home/507-f502de8d-54eb-4a77-ab70-524cef136efc.

btc_angela

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Quote from: acroman08 on July 21, 2023, 05:55:32 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

Yeah, really hard to choose if you are going to get the lump sum or not. But for them, I would go with it, so that there will be no hassle and then you can think ahead what you gonna do with that money.

Because if not, then you will have to wait like every month to get the money and it might take years before you can get all your winnings. And for sure, I think majority here will choose lump sum? Right guys?

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Quote from: Wiwo on July 21, 2023, 09:54:48 AM

Quote from: Joca97 on July 21, 2023, 09:21:02 AM

Just how lucky you have to be to win such a big amount. The winner probobly dosent want to wait and just wants the money. Even when the winner receives half its still too much money. But still the tax in the US is just to large. But still i guess the winner just wants the money. If it was me I would stay anonymous until I receive the money and hide it as much as possible. It can be risky if someone finds out that someone won that big amount of money.

One of the things that online gambling have brought us is the fact that we can maintain our anonymity as much as we can and still be ok with the whole outcome of the event, even if you win a million dollar from gambling only you will know and your privacy will remain intact, unlike traditional casino where the third party like a bank will get involve and landing your winning with heavy tax that will reduce your total income from the winning.

But then if the lottery decided to promote their brand winner how then do we expect the ops to hide his identity since announcing the winner on national and other news outlets is part of the prize-giving ceremony?

But you will definitely undergo KYC on a casino if you ever manage to land on this kind of huge jackpot for AML policy compliance. The only difference is you don't need to be present physically to claim your prize in an online casino but you can't cashout this kind of money on gambling without sacrificing your anonymity in both online gambling and physical as long as you are playing in a casino that is compliant with the law. I think dodging tax that should be deducted on the prize pool is the best advantage you can ever have on playing with online casino.

KTChampions

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Quote from: acroman08 on July 21, 2023, 05:55:32 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

50% of the winnings are taken by the state Grin

I laugh at this scam every year. If I'm not mistaken, the organizers of the lottery pay significant taxes initially + the winner pays more than half of the taxes, so in total, the state takes 80-90% of the entire prize pool (I don't remember the exact amount). If this is not a scam, then what is it?

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Quote from: acroman08 on July 21, 2023, 08:13:38 AM

Quote from: Beparanf on July 21, 2023, 07:34:37 AM

Quote from: acroman08 on July 21, 2023, 05:55:32 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.

I'm confused, how would you type out one billion eighty-five million? wouldn't it be $1,085 Billion?

If you read the caption on the video that you share, It is even written as 1.08 Billion and not your re-word 1,080 Billion. FYI, 1000 Billion = 1 Trillion so 1.08 Trillion is correct if a comma is used as a thousand separator. I'm just saying that your use of comma is viewed as thousand separator and not as decimal due to the 3 digits after.

Quote from: acroman08 on July 21, 2023, 08:13:38 AM

so, why would a $1,080 with a "billion" next to it be mistaken for a trillion?

That's the whole point of my post, You can simply write 1,08 Billion. But I'm not saying you are wrong but only an opinion that it might be mistaken. Cheesy

-

I don't want to argue anymore on this dumb argument. You've got an interesting news here.

Japinat

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Quote from: piebeyb on July 21, 2023, 08:30:22 AM

The cost of the tax deduction is so big even if you only get half but it looks like a joke, there is no choice but to take even if you only get half instead of having to pay the tax with your own money, not only the lottery but even other prizes in my country are almost the same when there is a prize car at certain events, but when you get a car prize, at least you have to pay a tax of around 30% of the car's price. lol

To be honest, I don't really like lottery games, maybe because of problems like this that always happen when I get a prize winner who gets full deductions or taxes and so on, it's clear that it will make me feel uncomfortable enjoying my winnings to the fullest, why not? taking a tax fee or deduction of around under 10% maybe that would be better than half. Grin

As per the information I've read on the internet today after reading this thread, the winner of Mega Million or Powerball Lotto will have to pay 25 to 30 percent plus the state/local tax which differs on what state you bought the ticket from or at least where you live and that would be another 10 to 15 percent.

But since the winner came from the state of California where they don't tax lottery winners, that specific winner will only have to pay the federal tax.

Quote

California doesn't tax lottery winnings

However, Loyd warns the 24% withholding won't cover the entire tax bill because the prize pushes the winner into the top federal income tax bracket, which is currently 37%.
California doesn't tax lottery winnings, so there's no state tax bill if the winner lives there.

Source

Anyway, congratulations to the winner! Cheesy

Wiwo

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Quote from: Joca97 on July 21, 2023, 09:21:02 AM

Just how lucky you have to be to win such a big amount. The winner probobly dosent want to wait and just wants the money. Even when the winner receives half its still too much money. But still the tax in the US is just to large. But still i guess the winner just wants the money. If it was me I would stay anonymous until I receive the money and hide it as much as possible. It can be risky if someone finds out that someone won that big amount of money.

One of the things that online gambling have brought us is the fact that we can maintain our anonymity as much as we can and still be ok with the whole outcome of the event, even if you win a million dollar from gambling only you will know and your privacy will remain intact, unlike traditional casino where the third party like a bank will get involve and landing your winning with heavy tax that will reduce your total income from the winning.

But then if the lottery decided to promote their brand winner how then do we expect the ops to hide his identity since announcing the winner on national and other news outlets is part of the prize-giving ceremony?

Joca97

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Just how lucky you have to be to win such a big amount. The winner probobly dosent want to wait and just wants the money. Even when the winner receives half its still too much money. But still the tax in the US is just to large. But still i guess the winner just wants the money. If it was me i would stay anonymous until i receive the money and hide it as much as possible. It can be risky if someone finds out that someone won that big amount of money.

robelneo

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Quote from: acroman08 on July 21, 2023, 05:55:32 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.

Quote

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.

Many winners do that, they overlooked the money that will be cut as long as they have this feeling that they have the money that they've won even half of it, I would have done the same I will invest a big percentage in top Coins and I can recover half of the amount I've loss because of the tax cut.

Cantsay

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Quote from: acroman08 on July 21, 2023, 05:55:32 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.

If it was a little winning thennthatbwouldnhave been a proble but since we're dealing with a billion dollars been split into two then there's no issue, having that kind of money will first of push the winner into the top class living people and it will surely open several opportunity for them. So we shouldn't even bother ourselves about them take a junk from it as tax as the remaining one will still be more than enough for the winner.

Now my curiosity is, what if the winner fails to show up before the deadline? According to the video url you posted the man said, the winner has up to a year to claim their reward so what then happens if no one shows up to clim the reward of the lottery or comes after a year to claim the reward will she still be awarded or will her ticket become void? I guess I have seen this thread before but the man's comment got me thinking about it.

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Quote from: acroman08 on July 21, 2023, 05:55:32 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 half of the total price money that she will receive is still very good and enough to get her a better life and change her life for good if it is not wasted and squandered on liabilities. Even the price money for the mart where the ticket was sold is a good amount for the owners to improve and take their business to the next level. Watching the video and getting more information about the lotto, I like that there is a percentage from the sale of every ticket that is donated to public education, it gives the lotto a little more meaning to me. For the Lady that won, she is extremely lucky.

Finestream

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Quote from: acroman08 on July 21, 2023, 05:55:32 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

Too bad she showed her face to the public Cry

I mean, I understand where she came from and that you would really be crying if you are that someone who won a billion jackpot prize in the lottery but I just hope that she did some wise decisions before showing her face in the camera because by now, a lot of people already know her and most probably where she lived as well, including the people who would want to get some money off of her.

xSkylarx

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That is really huge, but so is the tax. But again, it is still money, and even if it is cut in half, you still won't have that decent money that can change her life. My thought on this is that the winner should be the person who really needed it, and she should also have been able to manage it well because we know that most lottery winners can't handle it well and just lose it all in a matter of time. I do hope that this is the start of where she can change her life and also be good at other things, like being helpful. But still, I cant imagine that the tax department also won half of it.

Strongkored

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Who cares, because the half value that she gets because she gets cut off by fixed taxes will be a fantastic value, can really change lives and even live in luxury with the lottery winnings, and I'm sure other people will prefer to take it in full even though the final value you get is only half, because with the money already confirmed in our hands, many things can be done including starting a business from the lottery results or buying a house for investment or also other forms of investment that are very likely to also be able to provide big profits if you can choose the right type of investment.
Didn't see the video from YouTube that the OP included and as long as there is no official news from the organization that is holding the lottery then this can still be said to be just a rumor, so she has not become a rich man so far.

bangjoe

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Quote from: Slow death on July 21, 2023, 08:15:55 AM

Snip
with that, when someone hits the winning ticket, that person would keep 100% of the amount they won, I think that only in this way would it be fair to all the people who win the lottery. now about this person who has already moved in while no one has seen any official government announcement, I think it is not good for someone to rush like that, mainly because she has not yet been declared the winner and has not yet received the money, she is exposing herself in an unnecessary way, mainly because nowadays there are many criminals and they could do her some harm while she has not received so much money from the prize

I think if this is charged 50% as tax payments of course this is an unfair regulation, more like extortion, 50% is not a small amount of the total he won (half a billion), this is crazy.

With that amount is certainly not a good thing when we expose it to the public, moreover there is no official confirmation about his victory either from the organizer or from the government, maybe he is too happy and covered his mind so that he wanted to be seen by others, or his friends because he had won the lottery with a very pantastic victory, and he did not think what would happen to him if there was a bad person to do something to him or his family and asked for a ransem or asking for his mind when he took the victory. LOL

Topic: $1,080 Billion powerball lotto winner in the USA - page 4. (Read 484 times)