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Single winner in $314M Powerball lottery drawing

sirbrad's avatar - Lottery-062.jpg

Yeah I knew it would be last night. Skeptical I don't think it will ever reach $400 million.Skeptical 

Todd's avatar - Cylon 200.jpg

Congratulations to the winner.  I hope they take the cash option and don't have financial problems later in life.  Clown

gocart1's avatar - lighthouse

i would have loved to see the madness if it did go to 400 million.well, i guess i have to go back to work on monday.anyway best wishes to the one ticket holder and hope he/she has been a lp reader.

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In response to Todd

I agree with you Todd

Particularly on the "don't have financial problems.  Thats a lot of cheese and they could do good for themselves and for so many people if they chose to!  Well, I have my bundle of mega Millions, but I think it will roll two more times.  I believe this is the year of the double recordbreaker!

fja's avatar - gnome1
In response to Todd

Green laugh

                      Green laugh

                                                            Green laugh

hearsetrax's avatar - alien on_computer.jpg

unless its one of my relatives  .....

I hope the lucky bum/s have all kinds of troubles !!!!  Evil Smile

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In response to Todd

ROFL

Well I don't know who the winner from Indiana is but I can tell you who it isn't Unhappy

Jim 

hearsetrax's avatar - alien on_computer.jpg
In response to Uncle Jim

No Pity!and let me guess U spent 25% of yer paycheck on tickets

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In response to hearsetrax

NOPE!

Standard play as always.  Five lines with Powerball is all I ever play regardless of the jackpot size.  $15 million or $300 million I play the same.

Jim 

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Congrats to the winners yada yada... (there should be an automatic post after a story about a winning ticket being sold that says the same thing every time "Congrats and now go into hiding etc.") haven't been to Indiana since 1998... anyway I give you this prediction: there will be a story either Thursday or very soon thereafter that there is a Powerball winner on the $15M jackpot or the next drawing after that, very possibly having chosen their own numbers and not QP. I'm not saying it would be me, either, but someone somewhere!

MissNYC's avatar - diva

Well at least I don't have to split my money between the Powerball and Mega Millions now. Although I'd like to see the Mega Millions roll a few more times for fun, I'd like to be the winner this Tues. It doesn't really matter anyhow because the cash option is the same as the Powerball was, so my fingers are crossed!

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So looking at this using the spreadsheet provided by the group running Powerball, the first payment of the annuity would be over $5.6 Million and go up from there. I estimate that if the person takes the cash option, they would have to earn more than 8.7% annually on the entire balance to exceed what the annuity would pay out.

Either way, it's a nice chunk of change for a single person (especially if they are single Big Smile).

RJOh's avatar - chipmunk

I hope it wasn't won by a pool of workers where everyone didn't contribute because those that didn't contribute will think the jackpot is big enough to share regardless and will try to hinder the winners from collecting their money.

spy153's avatar - maren

wow! 36 players matched 5 + 0 ! Is that some sort of record?

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RJOh's avatar - chipmunk
In response to scorpio

Only those who played paid, but that's the deal "you have to pay to lose".  I didn't play so I didn't pay. 

I'm playing MM tonight, so I'm paying if I lose.

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i'm not playing mm,as  i'd have to drive to next state to get tickets,not worth gas expense,and i learned a lesson in chasing the powerballs.

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In response to Just6ntlc

Thanks.  Yawn

sirbrad's avatar - Lottery-062.jpg

Truthfully I could care less if they have financial problems or not. Anyone who loses that kind of money deserves it, and would be an idiot. Wishing them well on a forum does not change my financial situation regardless.

Todd's avatar - Cylon 200.jpg
In response to Just6ntlc

Why did you copy what I posted?

seraphim712's avatar - ayumi13

Why is it so much more important to win cash option than annuity?

Guru101's avatar - rw6jhh
In response to seraphim712

The winner can take the annuity or cash option. Most people just want one big lump sum because they don't want the "smaller" checks over 29 years in 30 payments. Now, as far as someone saying that it's better than taking the annuity, I don't agree with that. It all depends on the person who won. I don't think there's anything wrong with taking the annuity. At the same time, these people also seem to complain about not getting "the whole prize" when in reality they are. They seem to think "Well $145M isn't $314M, so I'm not getting what I won", but they are because that's the option they chose. If you chose the cash option, you can't complain about not getting the annuity amount. I've explained this several times already: A jackpot prize isn't just a set amount, but also the terms that go with that amount. In the case of PowerBall, the terms are: 30 payments over 29 years. The lottery decided to give the winner the option of taking it in one present day lump sum, which also means there is no interest gained, but nonetheless, it's still their option.

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Congrats to the winner and or possible group of winners.  I look forward to hearing about the winners sometime soon and let's hope they are smart about it.  We don't need another druggie blowing all the money on faux antiques.

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i read where if you take the annuity,the lottery reinvests the rest over the 20 years,while players pay it off,into investments,they sorta get paid twice.

RJOh's avatar - chipmunk

The winning PB ticket was sold at a Speedway convenience store in Richmond,Indiana. It was about three miles down U.S. highway 40 from another Speedway store that sold a $296 million winning ticket in 1998 to a lottery pool from Columbus,Ohio. Could it be that another Ohioan won a PB jackpot with an even bigger MegaMillions one waiting at home to be won? 

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wow,i'm taking amtrak to indiana tomorrow!

Guru101's avatar - rw6jhh

Well, unless the person shows up at Hoosier Lottery HQ within the next hour or so, we won't be finding out who the winner is until Monday at the earliest. I'm eager to see who it was.

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Probably too early to be talking about this...but has a Powerball or Mega Millions jackpot ever gone unclaimed?  Would the jackpot prize money stay with the states to squander as they see fit?

RJOh's avatar - chipmunk
In response to Guru101

Several reason you may not hear from the winner/winners for a while:

1> They only get one chance to mess it up, and they want to take time to get all the advice they can before signing the claim forms.

2> He/she/they are probably waiting for the MegaMillions jackpot to be won and maybe claimed so all the attention won't be on them.

3> They got lucky and won the PB $314M jackpot so why not try for the MM $330 jackpot while they're on a roll and collect both jackpots later.

4> Promised friends and neighbors if they ever won they would share and is having to face the reality of saying "Hell No, it all mine and I'm not sharing it with everyone who want some".

Guru101's avatar - rw6jhh
In response to RJOh

3> They got lucky and won the PB $314M jackpot so why not try for the MM $330 jackpot while they're on a roll and collect both jackpots later.

Hell ya. Hell, if I won $314M on PowerBall I'd probably spend $1000 on Mega Millions tickets for a shot at another $330M.Big Grin

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