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

LA Crew · 06-05-2009, 01:46 PM

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.

who · 06-05-2009, 01:48 PM

great news....

Paper_Amar · 06-05-2009, 01:50 PM

man, i really hope he doesn't squander it; most do!

Mr Pheer · 06-05-2009, 01:50 PM

good for him

BusterBunny · 06-05-2009, 01:51 PM

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

Mr.Right - Banned For Life · 06-05-2009, 01:51 PM

im jealous

InternetIsForPorn · 06-05-2009, 01:52 PM

Wait wait... he gets $80 mil out of $232 ?

Just HOW messed up is your financial system?

The Dawg · 06-05-2009, 01:57 PM

Quote:

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.

marketsmart · 06-05-2009, 02:19 PM

Quote:

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..

marketsmart · 06-05-2009, 02:20 PM

Quote:

Originally Posted by LA_quince

is that shirt from the Brad Mitchell Brokeback Mountain Collection?

SilentKnight · 06-05-2009, 03:02 PM

Quote:

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.

qxm · 06-05-2009, 03:07 PM

Quote:

Originally Posted by marketsmart

is that shirt from the Brad Mitchell Brokeback Mountain Collection?

Yeap.. Brad has some cool shirts

GatorB · 06-05-2009, 03:24 PM

Quote:

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.

Billionaire · 06-05-2009, 03:33 PM

5m a year for 30 years... Might explain why them eyes be so close together?

Cyandin · 06-05-2009, 03:42 PM

Quote:

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.

Intrinsic · 06-05-2009, 03:42 PM

cant blame him for not taking the 30 years, 2012 is right around the corner

Billionaire · 06-05-2009, 03:50 PM

Yes 320 acres must mean he is a short term american investor

DEA - banned for life · 06-05-2009, 04:31 PM

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

Yen_HerbalRevenue · 06-05-2009, 04:33 PM

Good for him..... But I am still jelly

Vitasoy · 06-05-2009, 05:28 PM

Good for him

Deej · 06-05-2009, 05:36 PM

Quote:

Originally Posted by InternetIsForPorn

Wait wait... he gets $80 mil out of $232 ?

Just HOW messed up is your financial system?

Quote:

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!

JamesK · 06-05-2009, 06:16 PM

lucky son of a bitch

Spunky · 06-05-2009, 06:21 PM

I wish I had his luck

WarChild · 06-05-2009, 06:26 PM

Quote:

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.

bloggerz · 06-05-2009, 06:30 PM

Quote:

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

06-05-2009, 06:34 PM

Good for him, $88MIL will help out.

GatorB · 06-05-2009, 06:40 PM

Quote:

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.

GatorB · 06-05-2009, 06:47 PM

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.

marketsmart · 06-05-2009, 06:49 PM

Quote:

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...

CYF · 06-05-2009, 06:50 PM

Quote:

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?

Sosa · 06-05-2009, 06:56 PM

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.

Sosa · 06-05-2009, 06:56 PM

Quote:

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.

born4porn · 06-05-2009, 07:00 PM

Quote:

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!!

CYF · 06-05-2009, 07:09 PM

Quote:

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.

SomeCreep · 06-05-2009, 07:42 PM

luckyyyyyyyyyyyyyyy

GAMEFINEST · 06-05-2009, 07:53 PM

good for him

riddler · 06-05-2009, 07:57 PM

the redneck retirement plan prevails!

woj · 06-05-2009, 09:01 PM

Quote:

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...

tiger · 06-05-2009, 11:27 PM

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.

GatorB · 06-05-2009, 11:36 PM

Quote:

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/

GatorB · 06-05-2009, 11:39 PM

Quote:

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?

Zorgman · 06-05-2009, 11:42 PM

First thing he should buy back is that trailer. It's lucky for some reason.

V_RocKs · 06-06-2009, 12:16 AM

Quote:

Originally Posted by Intrinsic

cant blame him for not taking the 30 years, 2012 is right around the corner

Exactly!..

seeandsee · 06-06-2009, 12:31 AM

Quote:

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.

natas · 06-06-2009, 01:24 AM

well done him. looks like he needed the money.

NicAngel · 06-06-2009, 01:27 AM

good for him!

voa · 06-06-2009, 03:22 AM

That i some pretty much money.He will enjoy for sure

Billionaire · 06-06-2009, 04:37 AM

Big money to little brain ... how Un-american.

Manowar · 06-06-2009, 05:39 AM

damn, congrats for him

ContentPimp · 06-06-2009, 06:37 AM

thats sad u win 212, but only get 88
WTF

06-05-2009, 01:46 PM	#1
LA Crew Confirmed User Join Date: Jan 2008 Location: city of angels Posts: 1,356	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. __________________

06-05-2009, 01:50 PM	#3
Paper_Amar Confirmed User Join Date: Jun 2007 Location: North Miami Beach, Fl Posts: 2,607	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

06-05-2009, 01:50 PM	#4
Mr Pheer Retired Industry Role: Join Date: Dec 2002 Posts: 21,255	good for him __________________ 2 lifeguards for Jessica

06-05-2009, 01:51 PM	#5
BusterBunny perverted justice decoy Join Date: Aug 2005 Location: unborn still in the womb connected via blackberry Posts: 19,291	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

06-05-2009, 04:33 PM	#19
Yen_HerbalRevenue Confirmed User Join Date: Mar 2009 Posts: 816	Good for him..... But I am still jelly __________________ ICQ: 568663106 AIM: YenHerbalRevenue

06-05-2009, 01:48 PM	#2
who So Fucking Banned Join Date: Aug 2003 Location: ICQ #23642053 Posts: 19,593	great news....

06-05-2009, 01:51 PM	#6
Mr.Right - Banned For Life I guarantee it Join Date: May 2005 Posts: 18,314	im jealous

06-05-2009, 01:52 PM	#7
InternetIsForPorn Confirmed User Join Date: Sep 2007 Posts: 848	Wait wait... he gets $80 mil out of $232 ? Just HOW messed up is your financial system?

06-05-2009, 03:33 PM	#14
Billionaire So Fucking Banned Join Date: Mar 2008 Posts: 125	5m a year for 30 years... Might explain why them eyes be so close together?

06-05-2009, 03:42 PM	#16
Intrinsic Confirmed User Industry Role: Join Date: Jun 2008 Posts: 1,589	cant blame him for not taking the 30 years, 2012 is right around the corner

06-05-2009, 03:50 PM	#17
Billionaire So Fucking Banned Join Date: Mar 2008 Posts: 125	Yes 320 acres must mean he is a short term american investor

06-05-2009, 04:31 PM	#18
DEA - banned for life V.I.P. Join Date: Nov 2004 Location: InYour Head Posts: 7,886	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

06-05-2009, 05:28 PM	#20
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Good for him __________________ [email protected]

06-05-2009, 06:16 PM	#22
JamesK hi Industry Role: Join Date: Jun 2002 Posts: 16,731	lucky son of a bitch __________________ M3Server - NATS Hosting

06-05-2009, 06:21 PM	#23
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,943	I wish I had his luck __________________ *YOUR INFORMATION HERE*

06-05-2009, 06:34 PM	#26
Killswitch - BANNED FOR LIFE Guest Posts: n/a	Good for him, $88MIL will help out.

06-05-2009, 06:47 PM	#28
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208	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.

06-05-2009, 06:56 PM	#31
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	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.

06-05-2009, 07:42 PM	#35
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	luckyyyyyyyyyyyyyyy __________________ Webair Hosting I use and recommend Webair for hosting.

06-05-2009, 07:53 PM	#36
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,436	good for him __________________ Compound interest.

06-05-2009, 07:57 PM	#37
riddler Confirmed User Join Date: Oct 2004 Location: up in gang bang heaven Posts: 3,726	the redneck retirement plan prevails!

06-05-2009, 11:27 PM	#39
tiger Confirmed User Industry Role: Join Date: Apr 2002 Location: Los Angeles Posts: 6,986	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. __________________

06-05-2009, 11:42 PM	#42
Zorgman Confirmed User Join Date: Aug 2002 Location: Sydney, Australia Posts: 6,103	First thing he should buy back is that trailer. It's lucky for some reason. __________________ ---

06-06-2009, 01:24 AM	#45
natas Confirmed User Join Date: Mar 2002 Location: : unknown Posts: 3,377	well done him. looks like he needed the money.

06-06-2009, 01:27 AM	#46
NicAngel Confirmed User Join Date: Jun 2008 Location: san diego, ca Posts: 817	good for him! __________________ ICQ# 400925426

06-06-2009, 03:22 AM	#47
voa Too lazy to set a custom title Join Date: Nov 2006 Posts: 16,532	That i some pretty much money.He will enjoy for sure

06-06-2009, 04:37 AM	#48
Billionaire So Fucking Banned Join Date: Mar 2008 Posts: 125	Big money to little brain ... how Un-american.

06-06-2009, 05:39 AM	#49
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	damn, congrats for him

06-06-2009, 06:37 AM	#50
ContentPimp Confirmed User Join Date: Nov 2008 Posts: 3,184	thats sad u win 212, but only get 88 WTF __________________ Blog Post Writing and Reviews are 2 cents per word & Titles and Gallery Descriptions 1 cent per word We also write Pay Site Reviews, SEO and Mainstream text www.contentpimp.info Contact me on ICQ at 400792466 Payoneer, Paxum and Paypal Accepted forms of Payment by the Pimp