23-year-old SD rancher claims $232.1M lottery win

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  • LA Crew
    Confirmed User
    • Jan 2008
    • 1356
    #1

    23-year-old SD rancher claims $232.1M lottery win



    A 23-year-old rancher whose family has fallen behind in their taxes and recently had a mobile home repossessed claimed a $232.1 million Powerball jackpot on Friday, one of the largest undivided jackpots in U.S. lottery history.

    Neal Wanless, who lives on his family's 320-acre ranch near Mission, S.D., bought the winning ticket in the nearby town of Winner late last month during a trip to buy livestock feed. He will take home $88.5 million in a lump sum payment after taxes are deducted.

    He was wearing a big black cowboy hat and had a huge grin on his face during the brief ceremony.

    Wanless, who did not speak publicly about the win until Friday, spoke for only a couple of minutes at a ceremony Friday, reading a prepared statement.

    "I want to thank the Lord for giving me this opportunity and blessing me with this great fortune. I will not squander it," he said.
    Tags: None
    • who
      So Fucking Banned
      • Aug 2003
      • 19593
      #2
      great news....

        Comment

        • Paper_Amar
          Confirmed User
          • Jun 2007
          • 2607
          #3
          man, i really hope he doesn't squander it; most do!
          My icq; 4 4 7 5 4 2 1 2 8
          Amar @ paper street cash .com

            Comment

            • Mr Pheer
              So Fucking Banned
              • Dec 2002
              • 22082
              #4
              good for him

                Comment

                • BusterBunny
                  perverted justice decoy
                  • Aug 2005
                  • 19291
                  #5
                  its cool that he won...but mabye if he wasn't spending money on lottery tickets he wouldn't have been behind on tax payments
                  my sig caught gonoherpasyphilaids and died

                    Comment

                    • Mr.Right - Banned For Life
                      I guarantee it
                      • May 2005
                      • 18314
                      #6
                      im jealous

                        Comment

                        • InternetIsForPorn
                          Confirmed User
                          • Sep 2007
                          • 848
                          #7
                          Wait wait... he gets $80 mil out of $232 ?

                          Just HOW messed up is your financial system?

                            Comment

                            • The Dawg
                              Confirmed User
                              • Apr 2002
                              • 2438
                              #8
                              Originally posted by InternetIsForPorn
                              Wait wait... he gets $80 mil out of $232 ?

                              Just HOW messed up is your financial system?
                              I believe the lump sum is 50% of the total minus taxes.

                                Comment

                                • marketsmart
                                  HOMICIDAL TROLL KILLER
                                  • Dec 2004
                                  • 20419
                                  #9
                                  Originally posted by BusterBunny
                                  its cool that he won...but mabye if he wasn't spending money on lottery tickets he wouldn't have been behind on tax payments
                                  yeah, the dollar he spent on a lottery ticket every week would have gone real far towards his taxes you nimrod..

                                    Comment

                                    • marketsmart
                                      HOMICIDAL TROLL KILLER
                                      • Dec 2004
                                      • 20419
                                      #10
                                      Originally posted by LA_quince
                                      is that shirt from the Brad Mitchell Brokeback Mountain Collection?

                                        Comment

                                        • SilentKnight
                                          Megan Fox's fluffer
                                          • Oct 2005
                                          • 24812
                                          #11
                                          Originally posted by InternetIsForPorn
                                          Wait wait... he gets $80 mil out of $232 ?

                                          Just HOW messed up is your financial system?
                                          That's colossally fucked up.

                                            Comment

                                            • qxm
                                              Confirmed User
                                              • Jul 2006
                                              • 5970
                                              #12
                                              Originally posted by marketsmart
                                              is that shirt from the Brad Mitchell Brokeback Mountain Collection?
                                              Yeap.. Brad has some cool shirts

                                              ICQ: 266990876

                                                Comment

                                                • GatorB
                                                  The Demon & 12clicks
                                                  • Oct 2001
                                                  • 18208
                                                  #13
                                                  Originally posted by InternetIsForPorn
                                                  Wait wait... he gets $80 mil out of $232 ?

                                                  Just HOW messed up is your financial system?
                                                  When they say the jackpot is $232 thats ONLY if you take it out of 30 years which most people don't do. If you take it all at once it's half of that. Then there is takes which in the US is 35% for that much money.

                                                    Comment

                                                    • Billionaire
                                                      So Fucking Banned
                                                      • Mar 2008
                                                      • 125
                                                      #14
                                                      5m a year for 30 years... Might explain why them eyes be so close together?

                                                        Comment

                                                        • Cyandin
                                                          Confirmed User
                                                          • Aug 2008
                                                          • 1723
                                                          #15
                                                          Originally posted by SilentKnight
                                                          That's colossally fucked up.
                                                          Not really. The annuitized jackpot keeps the lottery from going bankrupt, and allows them to make a ton of money by investing that sum over the period its payed out.

                                                          If everyone got the annuitized jackpot as a lump sum, we'd have no lottery.

                                                            Comment

                                                            • Intrinsic
                                                              Confirmed User
                                                              • Jun 2008
                                                              • 1589
                                                              #16
                                                              cant blame him for not taking the 30 years, 2012 is right around the corner

                                                                Comment

                                                                • Billionaire
                                                                  So Fucking Banned
                                                                  • Mar 2008
                                                                  • 125
                                                                  #17
                                                                  Yes 320 acres must mean he is a short term american investor

                                                                    Comment

                                                                    • DEA - banned for life
                                                                      V.I.P.
                                                                      • Nov 2004
                                                                      • 7886
                                                                      #18
                                                                      his families got 320 acres and he just got forclosed on a a trailer? i wonder ff hes gonna share his new found wealth with is family..or just let them live on HIS land rent free while they make the trips to pick up chicken feed ,manure and lotto tickets

                                                                        Comment

                                                                        • Yen_HerbalRevenue
                                                                          Confirmed User
                                                                          • Mar 2009
                                                                          • 816
                                                                          #19
                                                                          Good for him..... But I am still jelly


                                                                          ICQ: 568663106 AIM: YenHerbalRevenue

                                                                            Comment

                                                                            • Vitasoy
                                                                              GFY HALL OF FAME DAMMIT!!!
                                                                              • Oct 2003
                                                                              • 58202
                                                                              #20
                                                                              Good for him


                                                                              [email protected]

                                                                                Comment

                                                                                • Deej
                                                                                  I make pixels work
                                                                                  • Jun 2005
                                                                                  • 24386
                                                                                  #21
                                                                                  Originally posted by InternetIsForPorn
                                                                                  Wait wait... he gets $80 mil out of $232 ?

                                                                                  Just HOW messed up is your financial system?
                                                                                  Originally posted by SilentKnight
                                                                                  That's colossally fucked up.
                                                                                  What... you guys would bitch about it?

                                                                                  i said that too when i read it, but immediately Im hit with.... oh wait... ITS 88 MILLION DOLLARS!

                                                                                  Deej's Designs n' What Not
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                                                                                    Comment

                                                                                    • JamesK
                                                                                      hi
                                                                                      • Jun 2002
                                                                                      • 16731
                                                                                      #22
                                                                                      lucky son of a bitch
                                                                                      M3Server - NATS Hosting

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                                                                                        • Spunky
                                                                                          I need a beer
                                                                                          • Jun 2002
                                                                                          • 133978
                                                                                          #23
                                                                                          I wish I had his luck

                                                                                            Comment

                                                                                            • WarChild
                                                                                              Let slip the dogs of war.
                                                                                              • Jan 2003
                                                                                              • 17263
                                                                                              #24
                                                                                              Originally posted by Cyandin
                                                                                              If everyone got the annuitized jackpot as a lump sum, we'd have no lottery.
                                                                                              That can't be entirely true. Our national lotteries in Canada (6/49, Super 7 Jackpot) are paid in a lump sum. The full amount and no taxes either. They sometimes reach 50Million+ and that's on a population 1/10 the size of the US.
                                                                                              .

                                                                                                Comment

                                                                                                • bloggerz
                                                                                                  Too lazy to set a custom title
                                                                                                  • Dec 2006
                                                                                                  • 16253
                                                                                                  #25
                                                                                                  Originally posted by WarChild
                                                                                                  That can't be entirely true. Our national lotteries in Canada (6/49, Super 7 Jackpot) are paid in a lump sum. The full amount and no taxes either. They sometimes reach 50Million+ and that's on a population 1/10 the size of the US.
                                                                                                  Most of the lottery games here like Powerball is exclusive to only a certain amount of states that can participate. So it's only making money from the participating states. if it they always paid in lump sums it wouldn't make them any money and no lottery will go on
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                                                                                                    Comment

                                                                                                    • Killswitch - BANNED FOR LIFE
                                                                                                      #26
                                                                                                      Good for him, $88MIL will help out.

                                                                                                        Comment

                                                                                                        • GatorB
                                                                                                          The Demon & 12clicks
                                                                                                          • Oct 2001
                                                                                                          • 18208
                                                                                                          #27
                                                                                                          Originally posted by bloggerz
                                                                                                          Most of the lottery games here like Powerball is exclusive to only a certain amount of states that can participate. So it's only making money from the participating states. if it they always paid in lump sums it wouldn't make them any money and no lottery will go on
                                                                                                          Well now Powerball is in at least half the states. That's more people than Canada. But as has been said lotteries in the US do not pay out jackpots in lump sums. The "jackpot" is for typcially a 25-30 year payout. Otherwise you get about half. See the company that runs Powerball doesn't have $232 million to pay out right now. It only has about half that. That why you only get half as much when you take lump sum because that's the amount they actually have. If you take the yearly pay out then you get basically 1/30 of the Jakcpot ( not really exactly that, but I won't complicate things further ) the rest gets invested and the interest earned on that money is enough to make it come out to $232 over the next 29 years.

                                                                                                          And yes in the states you HAVE to pay taxes on your lottery winnings.

                                                                                                            Comment

                                                                                                            • GatorB
                                                                                                              The Demon & 12clicks
                                                                                                              • Oct 2001
                                                                                                              • 18208
                                                                                                              #28
                                                                                                              yahoo need to learn math. I'm not sure where they get it's $88 million,

                                                                                                              Ok Jackpot $232 million. Lump sum is about 51% so that's $118 million. Highest tax bracket in US is 35%. So 65% of $118 million is about $77 million. That's not counting any potential state taxes.

                                                                                                                Comment

                                                                                                                • marketsmart
                                                                                                                  HOMICIDAL TROLL KILLER
                                                                                                                  • Dec 2004
                                                                                                                  • 20419
                                                                                                                  #29
                                                                                                                  Originally posted by WarChild
                                                                                                                  That can't be entirely true. Our national lotteries in Canada (6/49, Super 7 Jackpot) are paid in a lump sum. The full amount and no taxes either. They sometimes reach 50Million+ and that's on a population 1/10 the size of the US.
                                                                                                                  yeah but whats $50 million canadian worth? a few grand US...

                                                                                                                    Comment

                                                                                                                    • CYF
                                                                                                                      Coupon Guru
                                                                                                                      • Mar 2009
                                                                                                                      • 10973
                                                                                                                      #30
                                                                                                                      Originally posted by LA_quince
                                                                                                                      Neal Wanless, who lives on his family's 320-acre ranch near Mission, S.D., bought the winning ticket in the nearby town of Winner late last month during a trip to buy livestock feed. He will take home $88.5 million in a lump sum payment after taxes are deducted.
                                                                                                                      Winner, SD?
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                                                                                                                        Comment

                                                                                                                        • Sosa
                                                                                                                          In Tushy Land
                                                                                                                          • Oct 2002
                                                                                                                          • 40149
                                                                                                                          #31
                                                                                                                          Guy is about 4 hours from me. Their poverty level up there is TERRRIBLE. Granted he is on a ranch and not the actual reservation that accounts for the poverty things are still pretty bad. Though it was cool when I read an article earlier when he said he was busy earlier in the week bailing hay and working on tractor rather than claim the ticket then.

                                                                                                                            Comment

                                                                                                                            • Sosa
                                                                                                                              In Tushy Land
                                                                                                                              • Oct 2002
                                                                                                                              • 40149
                                                                                                                              #32
                                                                                                                              Originally posted by CYF
                                                                                                                              Winner, SD?
                                                                                                                              Winner has some of the best pheasant hunting in the country if you are into that type of thing.

                                                                                                                                Comment

                                                                                                                                • born4porn
                                                                                                                                  FUKM ALL!
                                                                                                                                  • Jan 2004
                                                                                                                                  • 38781
                                                                                                                                  #33
                                                                                                                                  Originally posted by Sosa
                                                                                                                                  Guy is about 4 hours from me. Their poverty level up there is TERRRIBLE. Granted he is on a ranch and not the actual reservation that accounts for the poverty things are still pretty bad. Though it was cool when I read an article earlier when he said he was busy earlier in the week bailing hay and working on tractor rather than claim the ticket then.
                                                                                                                                  thanks for the info Sosa .... sounds like he really deserved a win!!

                                                                                                                                    Comment

                                                                                                                                    • CYF
                                                                                                                                      Coupon Guru
                                                                                                                                      • Mar 2009
                                                                                                                                      • 10973
                                                                                                                                      #34
                                                                                                                                      Originally posted by Sosa
                                                                                                                                      Winner has some of the best pheasant hunting in the country if you are into that type of thing.
                                                                                                                                      I think it's funny that the winner got the ticket from Winner.
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                                                                                                                                        • SomeCreep
                                                                                                                                          :glugglug
                                                                                                                                          • Mar 2003
                                                                                                                                          • 26118
                                                                                                                                          #35
                                                                                                                                          luckyyyyyyyyyyyyyyy

                                                                                                                                          Webair Hosting

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                                                                                                                                            • GAMEFINEST
                                                                                                                                              Make STACK$
                                                                                                                                              • Nov 2006
                                                                                                                                              • 14472
                                                                                                                                              #36
                                                                                                                                              good for him
                                                                                                                                              Compound interest.

                                                                                                                                                Comment

                                                                                                                                                • riddler
                                                                                                                                                  Confirmed User
                                                                                                                                                  • Oct 2004
                                                                                                                                                  • 3726
                                                                                                                                                  #37
                                                                                                                                                  the redneck retirement plan prevails!

                                                                                                                                                    Comment

                                                                                                                                                    • woj
                                                                                                                                                      <&(©¿©)&>
                                                                                                                                                      • Jul 2002
                                                                                                                                                      • 47880
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by GatorB
                                                                                                                                                      Well now Powerball is in at least half the states. That's more people than Canada. But as has been said lotteries in the US do not pay out jackpots in lump sums. The "jackpot" is for typcially a 25-30 year payout. Otherwise you get about half. See the company that runs Powerball doesn't have $232 million to pay out right now. It only has about half that. That why you only get half as much when you take lump sum because that's the amount they actually have. If you take the yearly pay out then you get basically 1/30 of the Jakcpot ( not really exactly that, but I won't complicate things further ) the rest gets invested and the interest earned on that money is enough to make it come out to $232 over the next 29 years.

                                                                                                                                                      And yes in the states you HAVE to pay taxes on your lottery winnings.
                                                                                                                                                      You don't get "half", you get whatever the current market price of 30 years of payments is... it depends on numerous factors including current interest rates etc...

                                                                                                                                                      basically what happens you win 232 million, which really is something like 600k/month for 30 years... then the lottery winner sells that prize to a 3rd party for whatever they are willing to pay...
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                                                                                                                                                        • tiger
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Apr 2002
                                                                                                                                                          • 6986
                                                                                                                                                          #39
                                                                                                                                                          What is seriously fucked up is that you have to pay taxes on a winnings from a government run lottery.

                                                                                                                                                          Congrats to him though, hope he doesn't blow it all.

                                                                                                                                                            Comment

                                                                                                                                                            • GatorB
                                                                                                                                                              The Demon & 12clicks
                                                                                                                                                              • Oct 2001
                                                                                                                                                              • 18208
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by woj
                                                                                                                                                              You don't get "half", you get whatever the current market price of 30 years of payments is... it depends on numerous factors including current interest rates etc...
                                                                                                                                                              I'm trying to keep it simple, but most of the time it's close to half. For example this week's jackpot is $34 million the lump sum payout is $16.5 mil. Close enough to HALF in my book. I mean unless you want to quibble between 48.5% and 50%. Now STFU already

                                                                                                                                                              In case you need proof

                                                                                                                                                              http://powerball.com/

                                                                                                                                                                Comment

                                                                                                                                                                • GatorB
                                                                                                                                                                  The Demon & 12clicks
                                                                                                                                                                  • Oct 2001
                                                                                                                                                                  • 18208
                                                                                                                                                                  #41
                                                                                                                                                                  Originally posted by tiger
                                                                                                                                                                  What is seriously fucked up is that you have to pay taxes on a winnings from a government run lottery.

                                                                                                                                                                  Congrats to him though, hope he doesn't blow it all.
                                                                                                                                                                  Powerball isn't run by the governent. Even if it was yes you have to pay taxes on winnings because it's INCOME now isn't it? How is that fucked up?

                                                                                                                                                                    Comment

                                                                                                                                                                    • Zorgman
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Aug 2002
                                                                                                                                                                      • 6103
                                                                                                                                                                      #42
                                                                                                                                                                      First thing he should buy back is that trailer. It's lucky for some reason.
                                                                                                                                                                      ---

                                                                                                                                                                        Comment

                                                                                                                                                                        • V_RocKs
                                                                                                                                                                          Damn Right I Kiss Ass!
                                                                                                                                                                          • Nov 2003
                                                                                                                                                                          • 32462
                                                                                                                                                                          #43
                                                                                                                                                                          Originally posted by Intrinsic
                                                                                                                                                                          cant blame him for not taking the 30 years, 2012 is right around the corner
                                                                                                                                                                          Exactly!..

                                                                                                                                                                            Comment

                                                                                                                                                                            • seeandsee
                                                                                                                                                                              Check SIG!
                                                                                                                                                                              • Mar 2006
                                                                                                                                                                              • 50945
                                                                                                                                                                              #44
                                                                                                                                                                              Originally posted by LA_quince


                                                                                                                                                                              A 23-year-old rancher whose family has fallen behind in their taxes and recently had a mobile home repossessed claimed a $232.1 million Powerball jackpot on Friday, one of the largest undivided jackpots in U.S. lottery history.

                                                                                                                                                                              Neal Wanless, who lives on his family's 320-acre ranch near Mission, S.D., bought the winning ticket in the nearby town of Winner late last month during a trip to buy livestock feed. He will take home $88.5 million in a lump sum payment after taxes are deducted.

                                                                                                                                                                              He was wearing a big black cowboy hat and had a huge grin on his face during the brief ceremony.

                                                                                                                                                                              Wanless, who did not speak publicly about the win until Friday, spoke for only a couple of minutes at a ceremony Friday, reading a prepared statement.

                                                                                                                                                                              "I want to thank the Lord for giving me this opportunity and blessing me with this great fortune. I will not squander it," he said.
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                                                                                                                                                                                • natas
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • Mar 2002
                                                                                                                                                                                  • 3377
                                                                                                                                                                                  #45
                                                                                                                                                                                  well done him. looks like he needed the money.

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • NicAngel
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Jun 2008
                                                                                                                                                                                      • 817
                                                                                                                                                                                      #46
                                                                                                                                                                                      good for him!
                                                                                                                                                                                      ICQ# 400925426

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • voa
                                                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                                                          • Nov 2006
                                                                                                                                                                                          • 16532
                                                                                                                                                                                          #47
                                                                                                                                                                                          That i some pretty much money.He will enjoy for sure

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • Billionaire
                                                                                                                                                                                              So Fucking Banned
                                                                                                                                                                                              • Mar 2008
                                                                                                                                                                                              • 125
                                                                                                                                                                                              #48
                                                                                                                                                                                              Big money to little brain ... how Un-american.

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • Manowar
                                                                                                                                                                                                  jellyfish  
                                                                                                                                                                                                  • Dec 2003
                                                                                                                                                                                                  • 71528
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  damn, congrats for him

                                                                                                                                                                                                    Comment

                                                                                                                                                                                                    • ContentPimp
                                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                                      • Nov 2008
                                                                                                                                                                                                      • 3184
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      thats sad u win 212, but only get 88
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