Michigan factory supervisor wins $310.5M Powerball ticket

Their two adult children also stopped working after finding out about her fortune. But at Avery's urging, she stopped to buy coffee and $20 worth of Powerball tickets at the Three Rivers West Shell gas station on the way to work Wednesday night. Their two adult children also stopped working after finding out about her fortune. Barbie house and an iPhone 6.A supervisor at a Michigan fiberglass factory who won a $310.5 million Powerball jackpot said Tuesday that she immediately quit her one-time "nasty, dirty" job and will buy land to build houses for her family. Willowbrook Deli on Staten Island, there was a $165 million winning ticket sold just last week for the Mega Millions drawing. Other plans include sending their grandchildren to college, Tonya Harris said.A year ago, Ed Nabors from Rocky Face, Ga., won half of a $390 million Mega Millions jackpot — the richest lottery prize in U.S. history. That's quite a change for the couple, who filed for bankruptcy in 1994 and 2000, according to records. Bath Iron Works co-workers make up the group known as Harding's Maintenance Crew. The group usually plays the Powerball but chose to also play the Mega Millions game this week, including an optional $1 multiplier. Imagine being Joe Somebody and turning into Sir Joe the Magnificent overnight. Now imagine the unthinkable, where Sir Joe becomes Joe the Village Idiot in a very short time. Supposedly most lottery winners end up broke again. It might have been very hard to spend $30 million in 30 days in "Brewster's Millions" during the mid-1980s, but spending $10 million, $50 million or even $100 million can now be done faster than you can imagine. The problem is that there are many pitfalls that snag lottery winners who become vastly wealthy overnight or those who find themselves incredibly wealthy in a very short period. Fighting over this is no simple task, and disputes have arisen over who owns what ticket. In a way, lottery tickets are almost considered the last form of bearer bonds that anyone can collect on if they show up with the coupons and bonds. You probably have heard of kidnap and ransom insurance before. One lottery winner was even murdered. If you can manage it, and if your state allows it, try to remain anonymous for as long as humanly possible. Now consider that close to 70% of lottery winners end up broke, many within a couple or few years. Let's say that you can choose to get $172 million up front, or you can choose to receive a payout of $300 million slowly over the course of a lifetime. Most people choose the lump sum rather than the annuity payment as it is instant empire-making money. Go see a reputable and visible tax professional and a reputable investment advisor at a top money management firm with a widely recognized company name and a long corporate history. There are many ways to invest and protect that fortune, and that might not include just buying some stocks and bonds and letting it ride. Your drinking buddy might also not be the best choice as an advisor and expert. Having a solid and respectable team of advisors and managers in place will act as your buffer that protects your assets now and in the future. Also, don't think that this money is a tax-free payment as you probably will have to pay the top tax bracket to the IRS and the highest state and local income taxes. One lottery winner in California was strapped with debt from property purchases and what seemed to be excessive insurance policies. Whether you take the lump-sum or the annuity option, if you have a single penny of debt in the immediate future and distant future, then something is seriously wrong. For that matter, you should not have a single debt ever again. Chances are high that you will want more of the same. If you start gambling in Las Vegas and are not happy until you are gambling with hundreds of thousands of dollars (or more) per play, you are dooming yourself. This will start you on a bad path, and you could easily become the next friends and family personal welfare department. If you start buying everything for everyone, chances are high that they might expect that to last forever. The other end of the story is that you do not have to be a cheapskate either. Still, after hearing a real life personal story of one lucky winner buying more than 30 cars and multiple houses in three months, it is just crazy.

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But to get the most leverage for your money, the optimum number of numbers to wheel is not more than four or five numbers over HALF the numbers in your game, which for Colorado Lotto, means wheeling less than about 26 numbers.

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