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Lottery Winner Loses $114 Million In Four Years - Plus A Look At The The Biggest Winners Of All Time | Karemar

Lottery Winner Loses $114 Million In Four Years - Plus A Look At The The Biggest Winners Of All Time

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Beat The Lotto - Beat Any Lottery. Top Mathematician Cracks Any Lottery And Teaches You How To Win Consistently.

The Loser

Just four and half years ago, Andrew Jackson "Jack" Whittaker, Jr. was the president of of a successful contracting firm called Diversified Enterprises Construction. At 55 years old, Whittaker was living a successfully comfortable American life complete with a a net worth of over one million dollars, a well rounded family, great job and healthy grandkids. On December 25, 2002, Whittaker's life changed forever when he stopped at a supermarket to fuel his Lincoln Navigator and purchased a deli breakfast sandwich and a Powerball Ticket worth US$315 million. The jackpot won by Whittaker was the highest ever in the United States at the time and Whittaker chose the cash payment option receiving a check after taxes for about US$113.4 million. Little did Whittaker know, the devastation that ticket would cause on his life.


Jack Whittacker

The Good

Charitable Contributions

Whittaker's first cause of action was to pledge ten percent of his winnings to Christian charities in West Virginia including several churches affiliated with the Church of God. Whittaker next donated about fourteen million dollars to create the Jack Whittaker Foundation as a non profit entity to provide food and clothing to low income families in rural areas of West Virginia. Lastly, Whittaker returned to the supermarket he purchased the ticket and bought the woman who sold him the ticket a new house and a new car as a tip.

The Bad

How to loose $114 million dollars in 4 years.

His enormous new wealth, meant everyone wanted a piece of Whittaker and his legal and personal problems quickly spiraled out of control. Less than one month after winning $114million, Whittaker was arrested for drunk driving.

In August of 2003, while spending over one hundred thousand dollars at the Pink Pony strip club in Cross Lanes West Virginia, thieves stole $545,000 in cash from his car. Two strip club employees were later arrested and charged with drugging Whittaker's drinks and arranging the robbery, however the money was never recovered.

In January of 2004, thieves again broke into his car and stole over $200,000 in cash. This cash was later recovered. Next Whittaker was arrested and charged with misdemeanor assault after allegedly threatening the life of a bar manager. This suit was settled out of court for an undisclosed amount. A couple of months later, Whittaker was sued for allegedly groping a woman at a dog racetrack. Again, he settled this suit out of court for an undisclosed amount. When interviewed about his legal run ins around this time Whittaker replied, "It doesn't bother me because I can tell everyone to kiss off!"


Jack Whittacker

The Ugly

Irresponsibility and Personal Problems Destroy Whittaker

In September of 2003, Jesse Tribble, a 17 year old friend of Brandi Bragg, Whittaker's granddaughter was found dead in Whittaker's West Virginia home. The autopsy determined that Bragg died of a drug overdose. Bragg's family would sue Whittaker for wrongful death and that case discussed below was also settled for a large monetary amount.

Shortly after the Tribble death, Whittaker's granddaughter, Brandi Bragg was found dead on December 20, 2004. Brandi had been missing for several weeks and was found under a tarpaulin near her boyfriend's home. During a hearing on October 11, 2005, a disheveled Whittaker berated law enforcement agencies for their fixation on him and demanded that they solve his granddaughters death.

In 2006, Whittaker was sued by Caesers Atlantic City casino. Whittaker promptly countersued. Caesers claims that Whittaker bounced $1.5 million in checks that were supposed to cover his gambling losses. Whittaker claimed that he should be credited due to a slot machine he developed for them and that Caesers owes him money.

In January of 2007, Whittaker came forward to the police alleging that thieves had stole the remainder of his fortune. He stated that thieves, in a coordinated plan had cashed 12 checks effectively emptying his bank account. Whittaker did not find out about the theft until Kitti French who had had settle with earlier filed an additional claim against Whittaker for non-payment.

To top it all off, on March 26, 2007, Whittaker was forced to settle a wrongful death civil suit for the death of Jessie Tribble, his granddaughters ex-boyfriend who had died 3 years before. Under questioning Whittaker admitted providing his deceased granddaughter with a $2100 per week allowance and that he hardly watched the child even though she was in his custody. A multi-million dollar deal was immediately struck after this testimony.

The End

Whittaker now claims to be struggling financially and barely able to make ends meet with the payouts from previous lawsuits. He has frequently stated that no amount of money lent to friends and family was ever enough and that his experiences with the lottery destroyed his life. He states that if he could do it all over again, he would have just filled up his tank, bought a sandwich and gone on his merry way.

The Winners

The top four winners in United States Lottery history are as follows:

1. $365 million

On February 18, 2006, the jackpot worth $365 million was won by a single ticket sold in Lincoln, Nebraska. That single ticket was shared by eight meat plant workers.

2. $340 million

A grand prize won on October 19, 2005 worth $340 million was awarded to the West family in Jacksonville, Oregon. The family won less than two months after the rules were changed to promote larger payouts. Steve West, who purchased the ticket, put in $20 for tickets, along with another $20 from his in-laws. The family planned to split the prize among themselves.

3. $314 million

Prior to the $340 million winner, Jack Whittaker of West Virginia was the claimant to the biggest jackpot. He won $314 million on Christmas Day, 2002.

3. $295 million

On July 29, 1998, a jackpot worth $295 million was won by 13 machinists. This held the world record for the largest jackpot for two years.

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91 Comments

whittaker is a legend

whittaker is a legend

The bad musician blames the instriment

Mr Whittaker and David Edwards from Ashland Kentucky were both very lucky souls who had the world as their oyster following their wins. They both made the same mistake.

They consciously made bad decisions in regards to the winnings, key word being CONSCIOUSLY.

You don't flaunt the winnings in front of everyone. That's akin to holding a steak in front of a hungry dog. What ever the dog must do, he will get a bite of that steak.

Kudos to Mr Whittaker for initially taking the high road and made arrangements for charitable and religious reasons but at the same time, to take a briefcase full of cash to a strip bar and NOT expect trouble is very naive and insane.

They both made bad decisions and are blaming the lottery winnings for the misfortunes.

That's like getting a new house, filling it with new furniture and the latest in electronics, telling anyone who will listen where the house is and not provide reasonable security for the property and thinking "That house was bad luck. I wish I never bought it" after it's broken in to, time and time again.

Don't blame the lottery winnings for the stroke of bad luck.

Bad musician blames the

Bad musician blames the instrument*******
AMeN!!!

smart

First off let me say I live in a small town where most people know me or of me. so if I won any millions of dollars I would have to move away. I can't donate 20% 10% whatever to anyone. most of you on here like me can't get 1000$ now from our best friend nor 100000$ from the bank hell... not even a past due light ibill from a Christian organization! Hats off to Jack for trying to do the Christian thing but damn Jack gave up 200 million before he got paid due to a lump sum. there go your charity right there. as far as carrying large amounts of cash around I don't see a problem with that if you have proper protection...I would do it to because I can now. hell that's like owning a car with 85 mphs on the dash and buying one with 140 mphs on the dash...you would drive more than 85 mphs sometimes cause you can not necessarily because its smart. I got my plan figured out for a millions blessing. pay ATT future millionaires: most drug dealers have had this plan since the beginning of their very short lived careers. First no one but the drug dealer knows how much he is worth. second he has an ok house in his home town nothing extraordinary but his extravagant home is 3 hours away. thirdly his nice $20000 car is what you see but his other several $80000 vehicles you don't. drug dealers invest (money laundering) in fast payoff businesses...night clubs, garages, car detail shops, low income houses for rent,etc. Jack should've gotten in contact with someone who has no choice but to hide their wealth like his local society misfits and we definitely would not be having this conversation.

well i wouldn't blane it on

well i wouldn't blane it on money... this guy just don't know how to manage his life like so many celebrities out there who goes broke before they gone. 115 mil should be more than enough for anybody. the lottery didn't ruine his life he did

I hope all is Well and Blessed

I hope all is well and blessed and may you continue to do the right thing and be the right person in whatever you endeavor. At times we all want's to be millionares so be carfull of what you say. I just want to reach out to someone and touch somebody who actually has won and still taking that walk w/God in Christ, no jokes. I would like to know how you are handling it so well.

Idiots/comments/lotto

I want to start by saying "Money is the route of all evil". I just watched the movie lotto ticket & thought about the man that one the biggest jackpot ever.After reading all the facts I read most if all you guys comments.I applaud the guy that kept it a secret an also the person that invested the 3 million.My father told me that if you don't have your head on straight big $ will kill you.Jack wasfighting not only his own demons but every one elses he ran into as well.Even the greedy police of the area.West Virginia police are like a legal gang,they take & take an there is nothing we can do about it.I tried to win the drawing Jack won.I was upset as much as anyone it was not me.But one thing I do know is no one knows what tomarrow will bring.And we all just goto hope for the best.An for the idiot that made the comment about West Virginians being all REDNECKS I surely doubt you even know the meaning or how that name came to West Virginians.Look it up moron. It wad because of the coal miners had union that wore red bandanas around their necks.Also in the South the name again sprang up cuz people in the field got their necks burned from the sun.Redneck at that time was defined as hard working.I bet the fella with all the nice comments is on welfare & has had gay thoughts an his sub conscious has the best of him. Any way I hope to run into money someday if the good lord lets me.. An then ill tell you how I planed it an how it happened. Today is history, Tomarrow is a mystery, Today is a Gift. An I pray for the daughter & know she is at peace with god. A fol & his money will soon part...

It's 'the "love" of money is

It's 'the "love" of money is the root of evil' big differance, not money . planty of people have money and manage their lives very well. now the love of money weather you have it or not will make you do some evil things.

You said money is evil money

You said money is evil money is not evil, the lack of money is the root of all evil!

Reply to all

I want to start by saying "Money is the route of all evil". I just watched the movie lotto ticket & thought about the man that one the biggest jackpot ever.After reading all the facts I read most if all you guys comments.I applaud the guy that kept it a secret an also the person that invested the 3 million.My father told me that if you don't have your head on straight big $ will kill you.Jack wasfighting not only his own demons but every one elses he ran into as well.Even the greedy police of the area.West Virginia police are like a legal gang,they take & take an there is nothing we can do about it.I tried to win the drawing Jack won.I was upset as much as anyone it was not me.But one thing I do know is no one knows what tomarrow will bring.And we all just goto hope for the best.An for the idiot that made the comment about West Virginians being all REDNECKS I surely doubt you even know the meaning or how that name came to West Virginians.Look it up moron. It wad because of the coal miners had union that wore red bandanas around their necks.Also in the South the name again sprang up cuz people in the field got their necks burned from the sun.Redneck at that time was defined as hard working.I bet the fella with all the nice comments is on welfare & has had gay thoughts an his sub conscious has the best of him. Any way I hope to run into money someday if the good lord alows me an then I will tell you how I planed & how it happened.. May god have mercy on all your souls

Mistake

Didn't mean to double post.. On cell phone...

that's a fucking good.greedy

that's a fucking good.greedy disgusting white cracker, I have no sympathy.White ppl are filth and disgusting as it is you give them a little money they don't know what to do with it.I bet he went around treating ppl like shit.Fucking asshole.

There are bunch of idiot liberals on this board

What do you want from the man? He made some bad decisions (the DWI is one of them followed by the strip club incident) but he did give to charities and was probably a good person at heart.

Just because someone gets lucky and comes into a large sum of money doesn't mean that the person should give it all away. Perhaps he wants to help his family or maybe buy something he always wanted like an Aston-Martin.

My experience with liberals

My experience with liberals is that they are generally smarter, more educated, and more informed than hate promoting people like you.

LOL

the liberal brain and intelligence are mutually EXCLUSIVE.

Liberals are Smarter

If liberals are so smart why is the country going bankrupt with all these social programs? And what does the current President do, spends more money. Look at Europe, they're a good picture of where will be in the world. If half the lazy people would get off their butts and work, this country would be far better off. All the crap with these unions to that liberals think are so great please. That's smart? I worked hard for my education. I pay my OWN BILLS, would never ever ask people to pay for me with their money, taxes. Unemployment for 99 weeks? Are you kidding me? Get 2 jobs in fast food and pay your own dam bills !! This is a novel idea for people too, how about living within your means? The thing I will agree that liberals are good at, spending everybody's money!!

My experience with liberals

My experience with liberals is that they THINK are generally smarter, more educated, more informed, and ate generally really hate promoting people, like you.

Wow, there are some

Wow, there are some seriously miserable people on here! So he wasn't responsible with some of his money & he got taken advantage of- I'm guessing every single person who has posted on here has been in those same two boats at some point in their lives. Every single person posting on here has been blessed with something that they didn't have to work for or didn't deserve, does that take away from other pains you've experienced, does that mean people should hate on you because bad things have resulted from a combination of your decisions and circumstances that weren't due to your decisions? I'm sure he feels horrible about the situation, he doesn't need a bunch of random people who don't know him judging him.

For all of those preaching "karma" and judging, that's exactly what you're going to get back when one day when you make a bad decision (because you will) a bunch of random people who don't even know you will be calling you a loser and an idiot.

Do unto others as you would have others do unto you.

The winner and then a bigger loser

I am so sorry for him, I really do feel for him. He has to be in a lot of pain I am surprised he has not lost hi mind. He won all that money, and it cost him all that he loved. I don't know how it feels to have a lot of money but I do know that people will be your friend for what they can get out of you. I remember when he first won, he talked about doing something special for his granddaughter because she lived with him, but he already had all he needed. I put a ticket in every now and then and wonder what I would do if I won. i think of good things I would do and hope that owuld counteract the downside, but he did a lot of good things and it still tore him apart. I will pray that God will give him some peace with his life. My heart really does go out for him and his young granddaughter who did not even get a chance to live and have a family to share that money with. God bless us all. "Money the root of all evil." I know it is the love of money I just wanted to say it like that.

Conned...

He was constantly being robbed, drugged and people finding ways to steal his money. That would drive anyone off the deep end along with trying to "live the life"!

Conned

So he lost less than 1 million to theft. What he did with the rest is his fault. Also there's something to be said about carrying around hundreds of thousands of dollars in cash. It's beyond stupid. Spending $100,000 at a strip club is conspicuous and draws a lot of attention to yourself, which is what he was after.

What is the problem with humans?

Where is the compassion? So, Mr. Whittacker made mistakes; it was his money and he did what he wanted to do. I'm sure now he thinks back and realizes his mistakes, as we all do when we make them. But we learn from our mistakes, and you're a better person for it. We look at Mr. Whittacker and say, "I would have never..." The truth is we don't know what we would really do in any given situation. For those of you who have a problem speaking proper english, and therefore, use profanity and vulgarity because of your frustration of ignorance, get a life! People are looking for hope. Everyone wants to get from under the crushing pressure of debt and a hard life. I pray that all who have won the lottery and lost it all will one day again be able to get back on their feet and start again - this time being wise. I wish the best to all of you.

I may not know what I'd do

I may not know what I'd do in every situation, but I know for a fact that you're an IDIOT if you carry around several hundred thousand dollars in your car! Twice! To a strip club!

And this guy's problems were mostly due to his own greed and avarice, not to mention his low-class level of existence. I mean, what kind of trailer trash living leads you to be involved in so many mysterious deaths? Only Nancy Drew could attract so much crime on a daily basis. If you pick yourself up and move to a high-class area, you're less likely to find corpses of relatives and their friends laying around, less likely to get drugged in a strip club, etc.

Wow

You're a fucking idiot, full stop. So all of these law suits were of his own conviction? They're all stemming from human-beings being greedy, money grabbing little swines. I know for a FACT that YOU are one of these people. Only a heartless bastard could ever lack the compassion such as yourself.

Do us all a favour and jump off a very tall building.

I show no sympathy

For Jack or any lotto winner with problems. I also show no sympathy for people with money period. No compassion, no sympathy, nothing. Come from a state like mine with jobs leaving left and right and auto plants closing and people losing their jobs and see if they give a flying FUCK about people with money.

Ye shall get no sympathy

You'd better give a fuck about people with money... Who do you think is going to pay your next paycheck, give you your next job?

Your just mad because u dont

Your just mad because u dont have any fucking money yourself, you stupid poor peice of shit.

Hmm

You envious little bastard, it's little fucking cunts like you that make this planet an utter joke. Fuck off, slit your wrists and allow the average IQ of the planet to be increased upon your death. Low-life piece of shit, I hope you're homeless by now.

That's because you are a

That's because you are a miserable and envious person who most likely always feels sorry for yourself because you are always looking at what other people have vs. being thankful for what you've been blessed with.

What Makes a Lottery Loser

I have to admit that Ole' Jack is kind of a folk hero. And, you have to feel a bit sorry for him given what he's had to experience, tempering any glad feelings winning the lottery may have brought.

That said, Jack has experienced a problem common with many lottery winners, one that has led many of them to financial and personal ruin. That, of course, is drug and alcohol abuse/addiction.

Nearly all of Jack's public adventures have involved his being in the bag; David Edwards was hauled in on at least 4 occasions for possession or being under the influence. Bud Post, late and former lottery winner from PA, was cited on many blotters for DUI, DWI and public intoxication. Several other winners have died from drug overdosing.

Jack has been ordered to dry dock detox by at least one judge. The record on Edwards isn't clear, but it's a safe bet that he's spent some serious time in narcotic withdrawal's from his use.

The question remains open as to how many lottery winners have gone off the deep end with drug/alcohol abuse, and how that in turn effected their handling of the winnings. We have to assume being drunk, high, stoned, wasted or in various stages of hungover or withdrawing cannot have a positive effect. And might entice one or two poor lifestyle and cash management decisions.

Maybe, instead of running right off with their winnings to lawyers and $$$ planners, the winners might try to give Dr. Drew a quick call, and place him on a retainer. A retainer for that day down the road when they wake up in a jail cell, more than likely somewhere in Florida or Texas, facing serious charges and wondering where all that dough went.

Or, maybe they shouldn't wait until then, but call Dr. Drew right now. Call him quicker than you can figure out what AA or NA mean.

If I were to win just "ONE

If I were to win just "ONE MILLION DOLLARS", I would NEVER be broke again!!

right dumb ass.i bet thats

right dumb ass.i bet thats what 100% of all the winners have said.

WV

Hi-

I am from WV, I don't know Jack Whittacker (I'm not from Putnam Co), but I do know others who know him. He is apparently a nice guy, really hard working and decent - I think he just got caught up in things and it spiraled out of control.

I am sure most of you have never been to WV - which is an incredibly beautiful, but troubled state. Many people are living poorly, but I think most of them are content to be humble. WV is very untroubled by the outside influences of capitalism and the middle-class that so inflict most of America. Most towns have a wal-mart and possibly a crappy mall in their county. I personally graduated from the only high school in my COUNTY (my town has one stoplight). So, know one really knows what they are missing.

Unfortunately in WV there is very little to do. Alot of kids drink and use shitty drugs, because that's it! You drive around and get loaded by the river and then end up pregnant and working in that only Wal-Mart. Or you go to community college and finally end up at WVU (in the 'city') where you fail out after two semesters.

Being a 'redneck' does not make you stupid and Jack Whittaker is pretty typical of the good ol' boys in the South. They drive huge trucks, carry a pistol, wear a cowboy hat, and they drink whiskey and beer. That is the culture.

West Virginian's have a lot of state pride - all southerners do. Most peoples' families have been there generations on the same land - all of them coal miners - and they won't leave.

To have someone come in with $115 million is probably completly unfathomable to somebody in Putnam (one highway and still some outhouses - I'm serious). Truly money didn't cause all those problems; Brandi Bragg must have been very misguided to begin with if she became a crack addict at 15! Come on! ANd the kids hanging out with her, well I don't think her money had much to do with their outcomes. They were druggies before they met and likely still are. The real crime is that Jack Whittaker didn't make smarter decisions with his money (10 cars for a 17 -year old girl?) or supervise his grandaughter - or talk to her about all the responsibilities of money.

Children don't understand it and shouldn't have to reconcile with managing it. Children shouldn't know it exists.

I'm also happy Jack acted typically 'redneck', prooving WV isn't a place to go and see and letting it remain as it always was - undeveloped and hillbilly.

PS. at least he isn't as bad as Jescoe White.

Yes, West Virginia sounds

Yes, West Virginia sounds like a lovely place by your description. Maybe it could USE a little of that "trouble" brought on "by the outside influences of capitalism and the middle-class that so inflict most of America," as you put it.

You know, the "trouble" of paved roads, clean parks, educational and economic opportunities, entertainment beyond throwing rocks at passing trains...that sort of trouble.

Jack Whittaker

I have always said, " I would love to win a large amount of money", but reality is I dont know how to manage it and I know I would wind up giving it all away, just as Jack did in the beginning. I think many of the people commenting on that article do not have a clue as to what they are saying. you never ever know what you would do in a situation until your actually in that situation. Everyone thinks they would of done the Right thing when they read about someone else's story calling the person stupid, or retard or whatever else makes them feel better. Now a days no one is understanding, sympathic or compassionate, only mean, rude and nasty. let's just hope that they never go threw anything bad in life and have to see how it feels from the other side of it. I personally feel bad for Jack, people will follow you, scare you, even drug you if they want your money, there evil and should be put away from society. The man must be a good person otherwise he wouldnt of donated money in the beginning to different organizations. So to all you who have nothing but bad or negative things to say, "SHUT UP" and get over your self your far from perfect so dont try to act like you are.

whay i would do

man if i won 113 million dollars yall i would by me a brand new trailer down in kentucky

congrats Kentucky

with that kinda of mind set you might be dumb enough to actually win...

Jack Is A Piker

Compared to David Edwards, fellow lottery winner and Kentucky resident just down the road from our buddy here.

Edwards not only blew all of his dough, but did it in less than 3 years. While Jack's purchases were modest Edwards were extreme: $1,000,000 worth of cars, countless knock-off antiques, private jets, paying off friends and bankrupt business ventures. Plus, his narcotic of choice: mainline heroin with forays into hillbilly heroin (Oxycontin), Meth and numberous trips to the local ER for opiate recharges such as Percocet. And, he had the added attraction of a spaced out druggie wife 25 years his junior who he refused to jetision.

Jack petered along with a regular, standard issue Mountain Region America wife, attended church and continued to show up and run his business (if for nothing else, to keep his personal range war with local organizing unions flaming). His demons seemed more in the average Joe range: heavy drinking, watching and tipping (and soliciting) strippers, driving large gas guzzling SUVs, roadside stops with the local authorities, poor taste in dress, lack of directions to a nearby dentist and gambling. Jack probably never did heroin, nor encouraged his wife to do so. He even saw to it that his family attended school. And, you could bet, your never going to find Jack hunkered down and living in a storage unit and his own bodily functions in the Hillbilly Heaven-Florida.

Edwards is currently under deep cover down somewhere in his native Kentucky. Rumors attest to his health being spent, as his money and his being broke to the bone. He's somehow managed to dodge more jail time for the various and sundry crimes he's been involved in since his fall from grace. His aching back, the one which led to his lack of regular work prior to the big win, ironically never fixed while he was loaded, er, rich. Why would a guy with $27,000,000 not spend a few bucks and get his back taken care of? Fear of addiction to narcotic pain meds? Plus, and an extra one at that, he's still married to Mrs. Edwards.

No, Jack is a mere pimp next to Edwards. Big Jack , according to reports, isn't broke but doing fine (financially). He had hired a noted PR firm to help change his public image. Instead of hit Jack up for dough, now its 'feel sorry for Jack'. It's hard to feel sorry for a rich guy. Edwards is the guy who could use the PR firm right now.

The moral is: if you win the lottery, please don't do what those guys did. To include going to church, as it did Jack no good. Or, for that matter, marry a massive drug addict who'll drag you down. And, of course, hire an ex NFL lineman to follow you around everywhere who is authorized (and encouraged) to slap you hard if you get out of line.

Best luck and wishes to Jack and Edwards; and their kin.

i'm a lottery winner and

i'm a lottery winner and it's all will power.after taxes i won 90.2 million. the first thing you do is you'll never know my name and then you make up a reason how your getting your money and why your restricted from getting any large amount and you have it all tied up and you still live week by week so don't ask me for any money.both my kids have 3 million apiece when it started and they can never receive any of that 3mil ... they receive 90% of the interest every year in feb in one lump sum and then the 10% of that interest goes back to the three mil then their next interest check is bigger the next year then bigger every year after so they get a raise every year and this has been going on sense 1989 their first interest check was 168,000.........22 years of bigger every year 10% s has made them very weathy and their first interest check is now chump change compare to their interest checks now. me myself went crazy after i put 50million in the bank following the same process.the bank contracts with my and my kids money can never be broken so theres 56 million and all the 10% s that can never be touch by any of the three of us and we get three lump sum checks every year for the rest of our lifes and the contracts can and be willed out to who ever we want the interest check to go to and the contracts are forever and the money cannot ever stop growing .i get millions every year just in one interest check alone and the kids check has already reach over a million every year also.i'm sure you could image how fast a little over 30 million went but i did'nt care because i knew i was getting a very fast growing check every year for the rest of my life.and now i bet i don't blow 100 bucks a day.but we do have a hobby and all three of us give to charitys and charitys are our hobbies and no one every knows where the money comes from ever.so no pat on the backs ever .its neat to hear the reactions when people don't know where the money comes from and changes their lifes.one pack we have is we buy three homes under a hundred thousand a piece then we do a major research on the person we give them to then bye bye house.that just one of the many charitys we do.it's fun and they only have one person to thank.thats why were quiet.give me a reason see if i throw money your way.people that have proven constant jobs for two years that are not lazy bums and are roughing it for whatever reasons.and single moms and dads that have custody of their kids get the cash.why because i'm a single dad with custody ,yes i'm bias.rich or poor single parents have it rough and only they understand that comment.my hobby keeps me human.and by the way 7 out 10 lottery winners go bank rupp

i won $5000.00 and the only

i won $5000.00 and the only gave me $2600..... Lottery is a Big Scam..... they take your money then tax you on it,
tax on Free money??????? Hummmmm

Amazing investing strategy

I gotta tell you, the thing that I appreciate the most in this post is the financial strategy. By a conservative estimate, the $56 million grew to $175 million in 20 years without alot of risk, hoopla, etc. and the great thing is that your kids got to experience a sane , graduated approach to handling the money. I am a single mom and I think that the most important thing you can teach kids is a sane approach to sudden wealth, so that they keep their heads on straight.

Honestly, if I ever won the lottery that is exactly the approach I would take. I have often wondered what a savvy, thoughtful approach to a lottery win would be, and you just gave it to me...thank you!

I am curious, what kind of investment vehicles do you use? I assume you earn about 5% on your money.

Also, the most important question, how in the heck do you remain anonymous? I have read alot about how hard it is to remain anonymous, especially in states like my home state, California. It seems like this would be a key aspect of staying sane.

Thoughts on how to do this?

Help

I can't help myself to ask, to try at least for my children. I live a very modest life and live within my means. I have a wonderful hard working husband who is Veteran. I work full-time and have two beautiful girls. I need help, I'm about to lose it all. Years ago I took out college loans. The first of my family to graduate college, I was so proud and thought I would really make something out of myself, yet where I live the jobs are low paying and I do not make nearly enough to afford my loan payments. I graduated with loan dept that now I'm struggling to pay. I owe 56,000 and if I don't figure out a way to pay it, I will be loosing my home in foreclosure soon, then my existance will be none. My family and I shall be homeless. I take my pride and bury it and beg for help. If by chance you would be willing to give a family their life back, I may be reached at clduffss@aol.com. Thank you

win

U fools..

If you win any amt of big $$ in a lottery...planning is more important than ever.

Yes, no worries, but at the same time...no planning means you will guarantee yourself going broke eventually.

losers etc

Whitter was not much of a christian or a religious man if he was going to strip joints..

IM athiest and I stopped going to strip clubs 18 years ago (now 50)...

Much of what the 'losers' who win big ..are that they cant manage their own lives pre-win.

Plus when & if u win big...#1 ...lock up the $$ so u cant simply give it away...and ....dont be carrying around $$ like jack whitter... Stupid stupid stupid.

Plus the above 'socalled' winners who really showed some anger...probably really havent won a thing.

Also, any winner (especially older people) who chose annuity are fools... U guaranetee your own $$ but you are screwing all those who would be beneficaries..

Note, annuity from lottery doesnt go to anybody else at your death. unlike the lumpsum which is 100% yours after taxes.

You need to get the Facts

Annuity is absolutly not lost in the event of death you can leave it in your will to whom you choose. You just have to have a will and planned in advance.

It's not true that annuities

It's not true that annuities aren't passed on to your beneficiaries after your death. That was the case some time ago but now your winnings are considered part of your estate and do pass to your heirs.

I won the Lottery 5 years ago....

I found this thread and thought I would post my experience.
I won $6.57 million after taxes instant payout after taxes in 2002.
The first thing I did was call my brother-in-law who is a Financial Advisor.

He set me up with a personal Banker and Lawyer who set my winnings up as a trust.
My name was never exposed in the paper..Only my hometown (very small town)....where rumors spread fast because we had a new Mercedes afterwards and put our home on the market and began building a very large home on the biggest lot on the lake.
We never told anyone who asked us if we were the winners. We simply said.."oh yeah..sure..WE WISH!"...
We told our friends my grandmother left me an inheritance.
The rumors died out and we have never had a single charity or person ask for 1 cent.

I did quit my job a month after winning, so did my wife.
We are in our 40's so we decided to keep working but in jobs we love instead....(remodelling homes)..We are actually making more money working half as much as we did before...

Our net worth has doubled in 5 years to $10 million. We give money to our church and to our kids schools for sports and art programs that were cut from funding.

Our kids are very popular and it is because they are active participants in school..not because of money or the cars they drive (all $20,000 or less cars that were Used when we bought them).
WE also never told our kids we won... I know this sounds strange but we figured the word wold spread quickly among their friends and also because they would assume they would be able to have anything they asked for...
Our kids believe we are wealthy because we work hard in our own business and from inheritance.

We only told 4 relatives under extreme confidence.....and that was only because we sought financial advice....

I have a home gym I use every day and have never been in better shape..I eat better, sleep better and love my life now.
I never have to answer to anyone but my wife and God.

I have no respect for this guy from WV who had over $110 million and lost it all.
What a loser.

The money does not change the person as I always said...The money only amplifies the personality they already had..and this guy must have been a real idiot.

I can't help myself to ask,

I can't help myself to ask, to try at least for my children. I live a very modest life and live within my means. I have a wonderful hard working husband who is Veteran. I work full-time and have two beautiful girls. I need help, I'm about to lose it all. Years ago I took out college loans. The first of my family to graduate college, I was so proud and thought I would really make something out of myself, yet where I live the jobs are low paying and I do not make nearly enough to afford my loan payments. I never knew the impact it would have on my family. I graduated with loan dept that now I'm struggling to pay. I owe 56,000 and if I don't figure out a way to pay it, I will be loosing my home in foreclosure soon, then my existance will be none. My family and I shall be homeless. I take my pride and bury it and beg for help.

Wasting away money

It's odd. But a study was done some time back. Lottery winners who blow through their winnings will take a few years to do it. Roughly about 3 1/2 years or so. Whether the amount is 1 million or like the Whitaker guy over 100 million. But like you I don't feel sorry these people. They can only blame themselves and their lack of self-control.

I wonder how God would feel

I wonder how God would feel about your superior attitude to the other winner...?

You have had a different upbringing and experiences in your life than the other winner, which has led you to be the person you are and thus makes you a person with a completely different mindset. You may be someone who is good with their money, but it doesn't seem like you are very wise when it comes to understanding human emotions and how that effects decision making.

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