PDA

View Full Version

: 23 year old rancher wins $232 million jackpot


Harvey Specter
06-05-2009, 02:10 PM
:thumbsup:



http://d.yimg.com/a/p/ap/20090605/capt.6860d7b66fdc43c7ae0f2ac378b2f47d.rags_to_rich es_sdcb104.jpg?x=284&y=345&q=85&sig=wfkznyGkG9vI32mzyLqq_A--

PIERRE, S.D. – If this were a movie, nobody would believe it: A rancher struggling to eke out a living in one of the poorest corners of America claimed one of the biggest undivided jackpots in U.S. lottery history Friday — $232 million — after buying the ticket in a town by the name of Winner.

Neal Wanless, 23, said he intends to buy himself more room to roam and repay the kindness other townspeople have shown his family.

"I want to thank the Lord for giving me this opportunity and blessing me with this great fortune. I will not squander it," he promised, wearing a big black cowboy hat and a huge grin.

Wanless, who is single, lives with his mother and father on the family's 320-acre ranch near Mission, where they raise cattle, sheep and horses. They don't own a phone, a mobile home of theirs was repossessed last year, and records show they have fallen $3,552 behind in their property taxes.

Wanless bought $15 worth of tickets to the May 27 30-state Powerball drawing at a convenience store in Winner during a trip to buy livestock feed. He will take home a lump sum of $88.5 million after taxes are deducted.

The Wanless home stands in a grove of trees in Todd County, home to the Rosebud Sioux Tribe. It was the nation's seventh-poorest county in 2007, according to the Census Bureau.

Dave Assman, who owns farmland next to the Wanless ranch, said he is happy the family won't have to worry about money any more. "They've been real short on finances for a long time," Assman said. "They are from real meager means, I guess you'd say."

"I hope they enjoy their money," said county assessor Cathy Vrbka, a family friend. "They work hard, backbreaking hard work."

Wanless' father, Arlen Wanless, 54, has made a living in recent years mainly by buying and selling scrap metal, but his fortunes dropped with the price of iron, said Dan Clark, an auctioneer from Winner and a friend of more than two decades.

The younger Wanless told lottery officials that he spent the last week working on the ranch and that he intends to continue that lifestyle, albeit on a larger piece of land. According to lottery officials, he recently told his horse, Eleanor, "It'd be nice if we go for a longer ride than usual on a bigger ranch of our own."

"My family has been helped by the community, and I intend to repay that help many times over," Wanless said. He gave no details.

An Oregon family turned $40 worth of tickets into $340 million Powerball prize in 2005, and at least four other winners collected larger jackpots than Wanless' prize.

The store where Wanless bought the winning ticket will get a $50,000 bonus. Sharon Ulmer, manager of the store, said she is glad the Wanless family won.

"From what I understand they don't have a lot, so the money definitely went to a good place," Ulmer said. "I know it went to a good home. They can use it."

___

Associated Press writers Carson Walker in Pierre and Dirk Lammers in Sioux Falls contributed to this story.

Presto
06-05-2009, 02:12 PM
Wow. Grats! It sounds like they really deserve it.

SaviorSelf_666
06-05-2009, 02:13 PM
$232 million to 88.5 after taxes are deducted. gay

q0192837465
06-05-2009, 02:14 PM
A rancher struggling to eke out a living in one of the poorest corners of America claimed one of the biggest undivided jackpots in U.S. lottery history Friday — $232 million — after buying the ticket in a town by the name of Winner.


Wanless bought $15 worth of tickets to the May 27 30-state Powerball drawing at a convenience store in Winner during a trip to buy livestock feed. He will take home a lump sum of $88.5 million after taxes are deducted

WAT? That's some serious tax right there

chun
06-05-2009, 02:34 PM
lol, Dave Assman.

dark0821
06-05-2009, 02:43 PM
232 to 88.. that is pretty umm ya.. but still

88mil.. holy fuck.. just think abt the interest you earn =.=

Mancini
06-05-2009, 02:53 PM
It didn't all go in taxes. In order to receive the total amount you need to accept payments over a [usually] 20 year period. If you take a lump sum up front you get a greatly reduced amount. Then, almost half of that goes in taxes.

Thankfully, in Canada we are not taxed on winnings. Still, US$88 million free and clear is a nice take.

achiam
06-05-2009, 03:16 PM
I hope he gives nearly all away. The book "Fool's Gold" analyzes the lives of common people who win huge sums. Sadly, the vast majority cannot handle the leap in socioeconomic status and experience misery.

TOS'd
06-05-2009, 03:18 PM
^ what Mancini said.

also, why didnt the guy take the payment plan instead. hes only 23 years old, not like hes going to die of old age anytime soon.

penner2k
06-05-2009, 03:20 PM
http://wagthedog.files.wordpress.com/2008/01/beverly-hillbillies.jpg

Boostaholic
06-05-2009, 03:22 PM
lol anyone chuckled at his last name?

"whats your name?"
"hello! i'm wanless"

Chairman Kaga
06-05-2009, 03:40 PM
lol anyone chuckled at his last name?

"whats your name?"
"hello! i'm wanless"

Boostaholic: "LOL you're WANLESS!"
Neal Wanless: "I have 88 MILLION different reasons to LOL @ you"
Boostaholic = [/slitswrists]

El Bastardo
06-05-2009, 03:59 PM
A working man under 60 wins the lottery? Hell yeah

The_AK
06-05-2009, 04:02 PM
lol, Dave Assman.

lmao i caught that too

mr_chin
06-05-2009, 04:07 PM
^ what Mancini said.

also, why didnt the guy take the payment plan instead. hes only 23 years old, not like hes going to die of old age anytime soon.

It really depends how long the payment is... if they are paying out 232 mil in over the next 15 - 30 years, i'd rather take the lump sum. You'd never know what will happen to the lottery company. If they go bankrupt for example, your payment stops.

tonyvu
06-05-2009, 04:08 PM
wow... 232 mill and he only gets 88.5.... American lottery sucks.

Manic!
06-05-2009, 04:52 PM
It really depends how long the payment is... if they are paying out 232 mil in over the next 15 - 30 years, i'd rather take the lump sum. You'd never know what will happen to the lottery company. If they go bankrupt for example, your payment stops.

It's state run so it will never go bankrupt plus there is insurance and safeguards in place so even if something happens they will still get the money.

punkwax
06-05-2009, 05:12 PM
Bought the ticket in Winner and his neighbour the Assman is happy for him...

sick shirt

johny
06-05-2009, 05:38 PM
It's state run so it will never go bankrupt plus there is insurance and safeguards in place so even if something happens they will still get the money.

it's not like he needs more then 88 million. I'd take the lump some on that amount too.

Culture_Vulture
06-05-2009, 05:59 PM
the names lol
Wanless and Assman

Stevie P
06-05-2009, 06:03 PM
http://img301.imageshack.us/img301/8601/vlcsnap1690379.png

asian_XL
06-05-2009, 06:14 PM
88 million is A LOT...doesn't matter how it is going to pay out.

I hope he will spend the money wisely :thumbsup:

68style
06-06-2009, 07:59 AM
So he's single and lives with his parents and just won $88 million............ how long until he's on The Bachelor???

Nightwalker
06-06-2009, 08:09 AM
So he's single and lives with his parents and just won $88 million............ how long until he's on The Bachelor???

He's 23 and doesn't look totally fat or ugly.

This guy is prime reality TV material, though it sounds like he might be interested in that.

dual
06-06-2009, 08:50 AM
The $232m -> $88m is not all because of tax deduction. Lottery winners are given the choice of regular payments until the full amount is paid (ex. $20000 per month for 20 years) or a lump sum for a lower amount. He took the lump sum. Also, he's not an idiot for taking the lump sum. The present value of all the other payments is around $88m.

Wanless, who is single,

Not for long...

anl27
06-06-2009, 10:05 AM
interesting to note that although $232 million seems like a ton of money, people are actually getting less over the span of the 20 year period, since the future value of that money is much less. so technically, people don't exactly receive the full amount stated as the value of money changes.

dark0821
06-06-2009, 11:12 AM
but 88 mil.. omg... and i was thinking that 4.5mil from 6/49 is alot...

shenmecar
06-06-2009, 02:43 PM
wonder what a rancher could do with $88.5 mill.........buy more horses?

WHEYsted
06-06-2009, 02:54 PM
wow... 232 mill and he only gets 88.5.... American lottery sucks.

Your Dumb. How the hell does american lottery suck? the biggest jackpot ever seen in Canada was 50 something million. Which works out to be like 12 million after taxes.

dual
06-06-2009, 03:15 PM
Your Dumb. How the hell does american lottery suck?

YOU'RE dumb.

penner2k
06-06-2009, 03:26 PM
Your Dumb. How the hell does american lottery suck? the biggest jackpot ever seen in Canada was 50 something million. Which works out to be like 12 million after taxes.

uh they dont tax canadian lottery winnings

hal0g0dv2
06-06-2009, 03:29 PM
Your Dumb. How the hell does american lottery suck? the biggest jackpot ever seen in Canada was 50 something million. Which works out to be like 12 million after taxes.

u high ???

ToyotaPowah
06-06-2009, 04:40 PM
God damn.. I wish my last name was Assman.

Timpo
06-06-2009, 05:29 PM
232 million $? oh shit :eek:

!Aznboi128
06-06-2009, 11:22 PM
holy shit taking about tax rape

Timpo
06-07-2009, 12:13 AM
holy shit taking about tax rape

i wonder how much tax he had to pay

hotjoint
06-08-2009, 07:46 AM
lucky guy, good story. Always good to see these people who really need the money winning

!Aznboi128
06-08-2009, 08:20 AM
i wonder how much tax he had to pay

he got 88.5 million from the jackpot of 232

rsx
06-08-2009, 11:45 AM
read you morons!

lump sum vs scheduled payments

!Aznboi128
06-08-2009, 11:54 AM
read you morons!

lump sum vs scheduled payments

I know but in the end because it took it as a lump sum he only gets 88.4

MDMA
06-08-2009, 12:15 PM
id buy a reventon and chop the top

Gumby
06-08-2009, 01:40 PM
Your Dumb. How the hell does american lottery suck? the biggest jackpot ever seen in Canada was 50 something million. Which works out to be like 12 million after taxes.
Hahaha what a dumbass.

MelonBoy
06-08-2009, 01:42 PM
uh they dont tax canadian lottery winnings

:O dont they just tax us before showing us the actual #'s? ..

interesting to note that although $232 million seems like a ton of money, people are actually getting less over the span of the 20 year period, since the future value of that money is much less. so technically, people don't exactly receive the full amount stated as the value of money changes.

or you shove all that money into a high interest rate bank .. which will make you OVER 100k a year on interest :D and just spend that 100k+ each year.. make money for just having money :D (so technically in the long run u'll make more then u got haha )