Michigan Lottery to introduce $337M j...

Michigan Lottery to introduce $337M jackpot winner

There are 7 comments on the Detroit Free Press story from Aug 31, 2012, titled Michigan Lottery to introduce $337M jackpot winner. In it, Detroit Free Press reports that:

Michigan Lottery officials are to introduce the winner of the $337 million Powerball jackpot at a Lansing press conference today at 11:30 a.m. The winner, who will be named at the event, bought the ticket for the Aug.

Join the discussion below, or Read more at Detroit Free Press.

Burgydean

Belleville, MI

#1 Aug 31, 2012
Now get the hell outta Michigan !
Next Biggest Loser

Rotterdam, Netherlands

#2 Aug 31, 2012
He won the big Lotto and also had a $4 winner. He made a point of saying he still wants that four bucks.

The man is 44 so he should have time to enjoy the prize. He told all of his immediate relatives to quit their jobs today. I'd spread the wealth too. Wish I were related.

I would certainly round up my posse and move to Hawaii en masse.
Anonymous

Whittier, CA

#3 Aug 31, 2012
He only won $225M, not $337M. But still very nice!!

Since: Sep 12

Los Baņos, Philippines

#5 Sep 8, 2012
Congratulations...really luck was on your side. But don't forget to share your blessings, so you will always be blessed.
Darryl

Dallas, TX

#6 Sep 8, 2012
Anonymous wrote:
He only won $225M, not $337M. But still very nice!!
No, he did really win $337 million. I think most of us understand the Lotto stated number as payments equal to something with a smaller amount for a lump sum and a smaller yet sum after taxes and a smaller amount after you set your mother-in-law up with a place far away.
Anonymous

Pico Rivera, CA

#7 Sep 8, 2012
Darryl wrote:
<quoted text>
No, he did really win $337 million. I think most of us understand the Lotto stated number as payments equal to something with a smaller amount for a lump sum and a smaller yet sum after taxes and a smaller amount after you set your mother-in-law up with a place far away.
No, he didn't. You win the lump sum amount either way.

You can choose to have the lotto commission invest it and receive an annuity over the next 20 years or so that adds up to more than the lump sum. But that is the amount the lotto commission needs to invest, in order to make those annuity payments.

They like to refer to the jackpot in terms of future value because it sells more tickets. Don't be a sucker.
Anonymous

Pico Rivera, CA

#8 Sep 8, 2012
And don't get me wrong. It's still a lot of freakin' money and VERY sweet!!

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