129 Million dollar lottery ticket purchased at a porno shop - GoFuckYourself.com

Stacks Banned for Life · 11-13-2010, 12:33 AM

(CNN) -- A group of friends got lucky when they bought a winning Powerball ticket at a Detroit-area porn shop.

Mike Greer claimed the $128.6 million prize on Friday, on behalf of a group of southeastern Michigan residents that he dubbed "Team Victory Club." At a press conference in Lansing, Michigan, Greer wouldn't answer questions as to who purchased the ticket at Uptown Book Store in Highland Park, or why they were at the store in the first place.

"Nobody cares," said Greer.

Uptown Book Store, an adult novelty store a few miles north of Detroit that also rents pornographic videos, will get $50,000 from lottery officials for selling the winning ticket. It shares a building with the Deja Vu strip club.

At the same press conference, Steve Mays laid claim to a winning $141 million Mega Millions prize.

Mays, who said he's been retired the past 10 years, said it was "to be determined" what he'd do with his jackpot. He opted for the annuity plan, spreading out his winnings over 26 years, according to CNN affiliate WILX.

Team Victory Club, on the other hand, opted for a lump sum payout of $69.6 million before taxes.

Greer said that the winners planned to give some of their money to an unnamed local church, "and maybe fix some things around the house."

"The prize is a blessing," said Greer, who did not divulge how many people would share the prize. "We were in shock. Like I told my family, everything has changed, but nothing has changed."

Friday's dual announcement marked the largest single-day payout since the Michigan Lottery began 38 years ago, and the first time that a single state lottery has had Powerball and Mega Millions winners so close together, according to the Michigan Lottery.

http://www.cnn.com/2010/US/11/12/mic...ex.html?hpt=T2

emjay · 11-13-2010, 12:59 AM

Quote:

Originally Posted by Stacks

(CNN)

Mays, who said he's been retired the past 10 years, said it was "to be determined" what he'd do with his jackpot. He opted for the annuity plan, spreading out his winnings over 26 years, according to CNN affiliate WILX.

If I were retired, I'd think I'd elect for the lump sum lol

Ten new millionaires in UK after last night's Euromillions, unfortunately I was'nt one of them. Back to work...

Paul Markham · 11-13-2010, 01:05 AM

Quote:

Originally Posted by emjay

If I were retired, I'd think I'd elect for the lump sum lol

Ten new millionaires in UK after last night's Euromillions, unfortunately I was'nt one of them. Back to work...

Isn't the annuity plan allowed to be passed on to children?

I think it's 5% and getting the lump sum which is half, I think, to perform at 10% is tough today.

But if you're getting on in years blowing it all in a few years might be fun while it lasts. Might keep you going or send you to an early grave.

ottopottomouse · 11-13-2010, 05:24 AM

Quote:

Originally Posted by emjay

If I were retired, I'd think I'd elect for the lump sum lol

Opting for the annuity is pretty much tempting fate and asking to be hit by a bus within the first year.

Klen · 11-13-2010, 05:30 AM

Quote:

Originally Posted by ottopottomouse

Opting for the annuity is pretty much tempting fate and asking to be hit by a bus within the first year.

Lol what are you smoking.Any mind with common sense will go with that option.

ottopottomouse · 11-13-2010, 05:49 AM

Quote:

Originally Posted by KlenTelaris

Lol what are you smoking.Any mind with common sense will go with that option.

Only an utter mong that is useless with money needs to opt for the annuity to stop them blowing the lot in 5 minutes.

seeandsee · 11-13-2010, 06:18 AM

i want just 129k $

BittieBucks Eric · 11-13-2010, 06:22 AM

Quote:

Originally Posted by ottopottomouse

Opting for the annuity is pretty much tempting fate and asking to be hit by a bus within the first year.

But taking the lump sump creates a magic shield against any harm?

Sharky · 11-13-2010, 06:36 AM

Why someone would give up $70M just to have it all now I don't understand. The guy getting it annually will get be getting $5.3M/yr for 26yrs.

ottopottomouse · 11-13-2010, 06:52 AM

Quote:

Originally Posted by BittieBucks Eric

But taking the lump sump creates a magic shield against any harm?

Yep.

A suit made of $70million in notes will be pretty bullet proof

All I meant was the annuity is the same as a pension gamble - lump sum or annual payments. Something that's only offered as pension companies know people will opt for the annual payments expecting more overall and then drop dead at a cheaper point than the lump sum would have been.

ottopottomouse · 11-13-2010, 06:53 AM

Quote:

Originally Posted by Sharky

Why someone would give up $70M just to have it all now I don't understand. The guy getting it annually will get be getting $5.3M/yr for 26yrs.

Can you guarantee you will live for the full 26 years?

Scott McD · 11-13-2010, 06:56 AM

Quote:

Originally Posted by ottopottomouse

Only an utter mong that is useless with money needs to opt for the annuity to stop them blowing the lot in 5 minutes.

Like this fucking waste of space!

Winner of almost £10m !!!

Now :

wild johnny · 11-13-2010, 07:33 AM

annuity or cash would depend on your age at the time I would think.

If you take the annuity you can blow it all except for the last payment. Leave that one untouched.

AnimeFevers · 11-13-2010, 08:26 AM

Quote:

Originally Posted by scott mcd

like this fucking waste of space!

nine million seven hundred & thirty six thousand one hundred & thirty one pounds only!!! lol

CamTraffic · 11-13-2010, 08:36 AM

see? there is $$ in pron!

GatorB · 11-13-2010, 09:02 AM

Quote:

Originally Posted by Sharky

Why someone would give up $70M just to have it all now I don't understand. The guy getting it annually will get be getting $5.3M/yr for 26yrs.

Lots of people are just greedy. I would take the annuity. If I die I can still pass it on to my child. Taking all the money at once leaves open the possibility of losing it all then having nothing. At least I know with an annuity that if I fuck up with my money next year I get another check. $5.3 mil would be about $3.2 mil after taxes. Honestly I could easily live off less than 3% of that. So I'd have 97% to invest.

GatorB · 11-13-2010, 09:11 AM

Quote:

Originally Posted by ottopottomouse

Can you guarantee you will live for the full 26 years?

Even you you take the lump sum you could die tomorrow.

ThumbLord · 11-13-2010, 09:14 AM

what GatorB said, it makes sense to take the annuity and if you can indeed pass it on to a child/children your age does not matter as well.

GatorB · 11-13-2010, 09:44 AM

I'd like to add it might also depend on which game you play and size of the jackpot.

Cash payout

Mega Millions: 66% of listed jackpot
Powerball: 54% of listed jackpot

Annual payout

Mega Millions: 26 checks of the same size
Powerball: 30 graduated checks that increase by 4% a year

So in the case of a $100 million jackpot

Cash payout

Mega Millions: $66 mil payout
Powerball: $54 mil payout

Annual payout

Mega Millions: 26 checks of $3.85 mil each
Powerball: 30 graduated checks that start at $1.75 mil and increase at 4% a year. Last check would be $5.4 million

11-13-2010, 12:33 AM	#1
Stacks Banned for Life So Fucking Banned Join Date: Aug 2009 Posts: 304	129 Million dollar lottery ticket purchased at a porno shop (CNN) -- A group of friends got lucky when they bought a winning Powerball ticket at a Detroit-area porn shop. Mike Greer claimed the $128.6 million prize on Friday, on behalf of a group of southeastern Michigan residents that he dubbed "Team Victory Club." At a press conference in Lansing, Michigan, Greer wouldn't answer questions as to who purchased the ticket at Uptown Book Store in Highland Park, or why they were at the store in the first place. "Nobody cares," said Greer. Uptown Book Store, an adult novelty store a few miles north of Detroit that also rents pornographic videos, will get $50,000 from lottery officials for selling the winning ticket. It shares a building with the Deja Vu strip club. At the same press conference, Steve Mays laid claim to a winning $141 million Mega Millions prize. Mays, who said he's been retired the past 10 years, said it was "to be determined" what he'd do with his jackpot. He opted for the annuity plan, spreading out his winnings over 26 years, according to CNN affiliate WILX. Team Victory Club, on the other hand, opted for a lump sum payout of $69.6 million before taxes. Greer said that the winners planned to give some of their money to an unnamed local church, "and maybe fix some things around the house." "The prize is a blessing," said Greer, who did not divulge how many people would share the prize. "We were in shock. Like I told my family, everything has changed, but nothing has changed." Friday's dual announcement marked the largest single-day payout since the Michigan Lottery began 38 years ago, and the first time that a single state lottery has had Powerball and Mega Millions winners so close together, according to the Michigan Lottery. http://www.cnn.com/2010/US/11/12/mic...ex.html?hpt=T2

11-13-2010, 06:18 AM	#7
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11-13-2010, 06:36 AM	#9
Sharky Confirmed User Industry Role: Join Date: Mar 2002 Location: Tampa, FL Posts: 4,938	Why someone would give up $70M just to have it all now I don't understand. The guy getting it annually will get be getting $5.3M/yr for 26yrs. __________________ Sharky Last edited by Sharky; 11-13-2010 at 06:37 AM..

11-13-2010, 07:33 AM	#13
wild johnny Confirmed User Industry Role: Join Date: Nov 2009 Location: Way Out There Posts: 723	annuity or cash would depend on your age at the time I would think. If you take the annuity you can blow it all except for the last payment. Leave that one untouched. __________________ Contact.....Johnny[at]wildg[.]com

11-13-2010, 08:36 AM	#15
CamTraffic Confirmed User Industry Role: Join Date: Feb 2008 Location: Paris - Miami Posts: 6,519	see? there is $$ in pron! __________________ I am always buying traffic and white labels. Hit me up. Email me HERE! KWFinder is the only keyword tool in the universe you will ever need. Seriously

11-13-2010, 09:14 AM	#18
ThumbLord Confirmed User Industry Role: Join Date: Jan 2009 Location: Aruba Posts: 1,932	what GatorB said, it makes sense to take the annuity and if you can indeed pass it on to a child/children your age does not matter as well. __________________ We Sell Domains \| ThumbLords \| ICQ 128106905 \| TubeLords \| Traffic Holder \| eRoken

11-13-2010, 09:44 AM	#19
GatorB The Demon & 12clicks Industry Role: Join Date: Oct 2001 Location: SallyRand is a FAGGOT Posts: 18,208	I'd like to add it might also depend on which game you play and size of the jackpot. Cash payout Mega Millions: 66% of listed jackpot Powerball: 54% of listed jackpot Annual payout Mega Millions: 26 checks of the same size Powerball: 30 graduated checks that increase by 4% a year So in the case of a $100 million jackpot Cash payout Mega Millions: $66 mil payout Powerball: $54 mil payout Annual payout Mega Millions: 26 checks of $3.85 mil each Powerball: 30 graduated checks that start at $1.75 mil and increase at 4% a year. Last check would be $5.4 million Last edited by GatorB; 11-13-2010 at 09:49 AM..