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Man wins Hoosier Lotto jackpot two days after divorce from cheating wife finalized

Discussion in 'Other Off Topic Forum' started by MarkPDX, Jul 26, 2004.

  1. MarkPDX

    MarkPDX F1 World Champ
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    Apr 21, 2003
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    Man wins Hoosier Lotto jackpot two days after divorce from cheating wife finalized

     
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  3. LetsJet

    LetsJet F1 Veteran
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    May 24, 2004
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    Good for him.........

    How'd he loose all that when he cought his wife cheating? Where's the justice?
     
  4. sherpa23

    sherpa23 F1 Veteran
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    May 28, 2003
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    The guy spent $5 on lottery tickets every Wednesday and Saturday? Not the best way to treat money. Obviously he won the lottery and got very lucky but the odds are so slim I can't believe that people play with the expectation of ever winning a dollar. And in the meantime, it makes them poorer and poorer.

    As I like to think of it, the lottery is a tax on people who can't do math.
     
  5. MarkPDX

    MarkPDX F1 World Champ
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    Who cares? It's just a funny story.
     
  6. wax

    wax Four Time F1 World Champ
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    "Justice" is portrayed by a female. Coincidence? I think not.

    Glad to see this story have a happy "ending."
     
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  8. Hubert

    Hubert F1 Rookie

    Jan 3, 2002
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    He's only taking home 300k out of a million after taxes? Damn.
    Otherwise, good for him.
     
  9. JSinNOLA

    JSinNOLA F1 World Champ
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    That is also including the penalty for choosing to receive the money in one lump sum instead of over 20 years. What a rip!

    I am really glad this guy won!
     
  10. 62 250 GTO

    62 250 GTO F1 Veteran

    Jan 9, 2004
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    Ahahahhahahahahahahahaha! I love stupid people! They are so fun! I have to remember that! {If you play the lottery, you aren't stupid, just weird} I am talking about "other" stupid people.
     
  11. SrfCity

    SrfCity F1 Veteran

    Nov 1, 2003
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    Whadya want to bet the ex-wife comes crawling back at some point? Be interesting to see if he would accept her.........
     
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  13. TigerAce

    TigerAce Formula 3

    May 29, 2003
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    Never give up. That's the morale of this story. Irony & up-down of life, you see in this story, too.

    However, this is not the end of the story, as it could be just the beginning.

    Does anyone remember TV show "Lottery" (or Lotto or something like that)?
     
  14. tesseract

    tesseract Karting

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  15. alanhenson

    alanhenson Formula 3

    Dec 2, 2003
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    I call it the poor man's tax. You see all these less than monied people at the stop and gos before a big lottery spending 60 and 80 bucks on it. They don't seem to understand that buying 60 does not increase your chances enough to make it worth it. Most of them don't have 60 to blow. I used to epsouse this thoery on a regular basis until my dad came to me one week after losing his job saying,"guess what I just one, some of that poor man's tax." I ate my words that day.
     
  16. JSinNOLA

    JSinNOLA F1 World Champ
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    *********TIME TO REVIVE THIS FEEL GOOD POST FROM WAY BACK WHEN!*********
     
  17. glennm19

    glennm19 Karting

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    I just noticed the date on the original post...it would be interesting to find out how both the guy and ex-wife are doing. Sometimes people who win lotteries blow it just as fast as they get it. Hopefully, he is rebuilding his life. He sounded sensible. I'm happy for him.
     
  18. JSinNOLA

    JSinNOLA F1 World Champ
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    I think the stat is that over 75% of lottery winners have spent their winnings in less than 5 years :eek:
     
  19. quartermaster

    quartermaster Formula 3

    Sep 11, 2005
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    There is no justice in divorce--everybody loses.
    I'll bet his wife will come back and say 'I suffered for his lottery spending during the marriage--I should benefit from his winnings afterwards...'
    To make it worse, the lawyers now know he has $ resources they can feed on.
    I wish this guy the best of luck.
    And, yeah--I'm bitter.
     
  20. Buzz48317

    Buzz48317 F1 Rookie

    Dec 5, 2005
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    dude was a UNION electrician...he could afford 10 bucks a week
     
  21. DrStranglove

    DrStranglove FChat Assassin
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    Good god why?!!?!?!?!?!?!
     
  22. glennm19

    glennm19 Karting

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    Dude, don't get me started. Even though they call it "equitable distribution", it is the most unfair way of dividing assets, properties, etc. I could probably start a thread that would last days on that topic alone. The question I have is, if he won the lottery before the divorce was finalized, would she have gotten half, even though he was the one that bought the ticket and paid for it? Probably...it doesn't pay to be a man in divorce. And yeah..I'm a bit bitter too..
     
  23. JSinNOLA

    JSinNOLA F1 World Champ
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    Because I couldn't find any other old threads that I was subscribed to that were worth reviving! Lol
     
  24. teak360

    teak360 F1 Veteran
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  25. JSinNOLA

    JSinNOLA F1 World Champ
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    Well, knowing what I do about finance, a guaranteed return of 4% a year isn't bad at all.

    By taking the cash option you take the present value of the future payments (which total $1M). You then have an option of how to use or invest your money, unlike when receiving structured annuities.

    Would you rather have $289,000 cash today, or $30,000 a year for 20 years?
    [/QUOTE]It depends on priorities. If I had a raging gambling addiction I just might take the $30k per year ;)
    10% annual return is never guaranteed. Not to say I don't see what you are saying, rather, it's just not as simple as saying, "hey, give me 10% a year please."
     
  26. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
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    The annunity (30 years) option gives more money in the long run unless you invest the lump sum at over 6%. I didn't calculate the interest with taxes. Just assume they're invested in muni bonds.
     
  27. FarmerDave

    FarmerDave F1 World Champ
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    Jul 26, 2004
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    Nobody should buy lotto tickets if they can't pay their bills, but why shouldn't a person who has a truly diversified investment portfolio buy a lotto ticket every once in a while? It's highly risky, but could have a high payoff.

    But then again, I suck at math.
     
  28. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
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    I don't play the lotto much. Last time I did it was for 1 ticket back in October at the Hoosier Lottery for the Powerball when it got up to around $250mm. I don't play anymore unless Mega Millions or Powerball gets near $300mm, which is very rare. I just laugh at the FL lotto here when it gets to something like FIFTY million and people start dumping money. $50 million? Powerball and Megamillions eats that **** for breakfast.
     

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