Georgia Trucker Claims Half of Record $390 Million Lottery Jackpot

Comment #46

KY Floyd — Thu, 15 Mar 2007 18:57:09 GMT

He declined the press conference saying he would do his own press. The lottery was not that happy about this situation.

I certainly understand that the lotteries want publicity, but I don't understand why anybody would force somebody to do a press conference they don't want to do. If I won the lottery and was forced to do a press conference I'm pretty sure I could make the lottery a lot less happy than if I hadn't been forced to do a press conference.

Comment #45

CA LotteryGuy — Thu, 15 Mar 2007 14:37:54 GMT

ambelamba...you are half right. In California they will release your name. If you want to claim as an entity they require the name of a natural person who will get the funds which will be released. They do not release the city of residence but they do release where the ticket was purchased.

One Does NOT have to go through a press conference. The most recent example of this was Richard Roberts who won a SLP jackpot in July of last year for $110 million. He declined the press conference saying

Comment #44

ambelamba — Thu, 15 Mar 2007 05:05:26 GMT

Oh, well...

You CAN'T do that in California. You have to go through a press conference and release your name.

Comment #43

nobie23 — Mon, 12 Mar 2007 21:02:25 GMT

Your welcome DoubleDown

Comment #42

DoubleDown — Mon, 12 Mar 2007 14:19:04 GMT

Thank you , post police.......

Just got off topic a bit, sorry...............................

Comment #41

nobie23 — Mon, 12 Mar 2007 13:34:34 GMT

Is this american idol or comments about ga trucker winning the lottery?? Just wondering..as Todd would say put this in your blog

Comment #40

DoubleDown — Mon, 12 Mar 2007 00:57:57 GMT

Thanks JXP.

I liked Taylor Hicks because he was different, but Chris Daughtry is , pardon the pun, blowing them all away right now. Taylor has his own little following , but Chris was the real winner .......

This year, I believe that it is Melinda Doolittle's race to lose, but only IF the voters vote for who is best, not who is better looking in their opinion.

I also feel that the fan vote can be manipulated any way that Fox wants it to be. Heck, they never share the numbers with us, do... [ More ]

Comment #39

justxploring — Mon, 12 Mar 2007 00:24:40 GMT

with DoubleDown

To follow up on your FYI DD....

I wonder if the site vote for the worst really has an influence on the results! Have you seen that site? Sundance wasn't the best, but he was far superior to Sanjaya which is the contestant the site is promoting. That said, a 12 year old girl can text message faster than most adults with good taste, so maybe that's why this 17 yr old with all the hair is still a contestant! I'm glad Jarad was voted off, but I don't know how some of thes... [ More ]

Comment #38

Just6ntlc — Sun, 11 Mar 2007 23:50:14 GMT

Congratulations to Mr. Nabors of GA and NJ for winning the jackpots. I hope they both choose cash option and not have financial problems later in life.

Comment #37

DoubleDown — Sun, 11 Mar 2007 03:53:00 GMT

Just an fyi, I don't spend any time voting . The teenyboppers have that all covered, as an example they voted to dump Sundance and keep no talent Sanjay..

BTW, Gina is smokin hot to me. I can see why you like her....

DD

Comment #36

fja — Sat, 10 Mar 2007 22:27:04 GMT

There were just two winning tickets sold in the 12-state game, lottery officials said.

I'm not sure where you read that because this is what I copied and Pasted from the article.

Comment #35

Todd — Sat, 10 Mar 2007 20:30:53 GMT

LLC doesn't give you anonymity. Only a trust can do that. Anyone can look up the public records of the LLC to see who the Managers are.

Comment #34

GinaFanIdol07 — Sat, 10 Mar 2007 20:21:03 GMT

Well Im not Gina. I just am a friend of hers. Name is Steve. And even if I had to be there at the PC I would not change the LLC. If you were to search my name after the winning, you'd come up with nothing.

BTW Does anyone know anyone who works for the state lottery or is it like the CIA or NSA where they say they work for some corporation

Comment #33

justxploring — Sat, 10 Mar 2007 20:09:40 GMT

You can only do that in a state that won't announce your name, Gina. No matter how you claim your prize, in a Trust or LLC, many lottery rules dictate that you cannot remain anonymous. Some of them even require a press conference. This subject has been discussed many times on LP.

Comment #32

GinaFanIdol07 — Sat, 10 Mar 2007 19:41:38 GMT

Can You say Beverly Hillbillies? Just a rich country Bumpkin that tries oh so hard to live the simple life around a bunch of rich peeps.

If I were to win, anything over say $20Mil, I would first go into partnership with my brother, form an LLC (Ltd Liabilty Corp) and then claim winnings through lawyer hired to spokesperson for the company. You dont see my face and dont know my name. That way you avoid civil liabilty and secure privacy. And something like this, I wouldnt claim for maybe 2

Comment #31

justxploring — Sat, 10 Mar 2007 17:02:17 GMT

I also figured Whodeani was being sarcastic. However, ya never know on this board, since there are a few members who make very unusual comments. As far as the man being a country bumpkin goes - he's now a very, very rich country bumpkin. Unlike most employers nowadays, the lottery fairy doesn't run a background check on your education before selling you a ticket! I think he sounds like a nice guy who just got excited and was in shock. Anyway, just because someone lives in a small town in... [ More ]

Comment #30

KY Floyd — Sat, 10 Mar 2007 07:25:24 GMT

According to a story I read today at msnbc, Mr. Nabors claims his big win won't change him. He said he would continue to live his life as before March 6.

Despite rushing to claim his winnings right away he does sound like a pretty down to earth guy. He said he just bought a boat before winning (the article here seems to have it wrong), so it sounds like he's not planning to rush out and buy any expensive toys, and his plan is to get some property and go fishing rather than move to Palm Bea... [ More ]

Comment #29

bobby jones — Sat, 10 Mar 2007 01:39:23 GMT

hey ky floyd if you had a lick of sense you would realize that even if you took the 20 year payments you still wouldn't get 390 million because of all of the taxes that you would have to pay.also taxes are a separate issue,but since it was related to what i was saying in the first place thats why i threw that in there.you are saying that i am whining,but all that i am doing is giving my opinion just like everybody else.GET A LIFE....

Comment #28

Spoony luv — Sat, 10 Mar 2007 01:01:06 GMT

i agree...One of his keys to success is to take a month long vacation and come up with a plan...That plan should include moving to another state and in a gated community or atleast a gate community in a different town...That will protect him from anyone who thinks they can just come up to his house and ring the doorbell.. The problem with that however is where ever he moves to...Alot of the upper class in his neighbor hood will not really except him...He has to be ready for that..Which isn't rea... [ More ]

Comment #27

bobby623 — Fri, 09 Mar 2007 19:53:28 GMT

According to a story I read today at msnbc, Mr. Nabors claims his big win won't change him. He said he would continue to live his life as before March 6.

I have to wonder if Nabors realizes how much he won. Not many of us deal in millions of dollars. Most of my financial transactions are less than a thousand dollars. Tp suddenly have a ton of money at my disposal would certainly change me.

Telling family and friends that you have $80 million on so in the bank has got to make you feel and... [ More ]

Comment #26

DoubleDown — Fri, 09 Mar 2007 19:23:29 GMT

100% agree..

As I posted on another thread, the ink wasn't dry on the ticket before he was haulin a$$ down I-75 to the ATL with absolutely no financial advice whatsoever.

I hope he doesn't wind up with a lot of trouble, but I wouldn't bet on it...

How much ya wanna wager he asked Ms. DeFrancisco if he could just get one check for the net winnings and put it in his First national bank of Dalton account

Comment #25

awwcrap — Fri, 09 Mar 2007 18:17:59 GMT

fraud or no fraud,,,,,,a few bucks for a winning lottery ticket and get several million in return--i wouldn't complain.

Comment #24

wizeguy — Fri, 09 Mar 2007 17:08:23 GMT

Congrats to the lucky winners. May this money help them realize their dreams.

Comment #23

KY Floyd — Fri, 09 Mar 2007 16:26:54 GMT

I was figuring the reference was sarcasm. Especially the taking the time part. I haven't seen anything that tells what time he showed up at the claim office, but he took all of 14 to 16 hours as near as I can tell. His picture hit the papers within 18 or 19 hours of the drawing. Maybe he drove his company truck there instead of going home and getting his car first.

I'd guess there's usually an inverse relationship between how long you wait to claim the prize and your chances of having trou... [ More ]

Comment #22

BaristaExpress — Fri, 09 Mar 2007 15:15:54 GMT

I'd like to see where you get that information from? I have yet to see anything said about the guy doing anything of the sort in any news release so far! I guess it's another case of the country bumpkin that thinks winning the lottery, is no different than winning the jackpot at the local church bingo game in town.......

Comment #21

Coin Toss — Fri, 09 Mar 2007 06:44:39 GMT

bobby jones

Something I didn't know til I came to this site was that the advertised jackpot doesn't really exist.That's part of the way the only give out 160 milllion after taxes.

The advertised jackpot isn't a tangible. It's a figure representing what the pre-tax prize would be, stretched out over a number of years.

Comment #20

KY Floyd — Fri, 09 Mar 2007 06:42:46 GMT

Maybe you should split your whining into two different threads. A lot of people here would like to see the jackpots advertised at cash value. For starters, that's the only realistic figure, plus almost all winners take the cash so most of the annuity jackpots never really existed. Plenty of people think the advertising is misleading, but if they advertize the jackpot as $370 million the winner can get that much if they're willing to take the annual payments. That's clearly not fraudulent.Anybod... [ More ]

Comment #19

bobby jones — Fri, 09 Mar 2007 05:01:41 GMT

working a job is not a fraud.only the tax system that we are a part of is.all i am saying is that if the jackpot was not advertised as 390 million then there revenue would not have been anywhere near what it was this go round.it must have been pretty high for the jackpot to jump up 60 million in only 3 or 4 days.

Comment #18

MissNYC — Fri, 09 Mar 2007 01:13:41 GMT

I don't know about any of you, but I'd be perfectly happy with $160 million.

Comment #17

LckyLary — Fri, 09 Mar 2007 01:05:43 GMT

It depends on if the winner feels it is better to invest the money themselves from the present value or let the Lottery do that and pay it out over time. With a jackpot that size I'd see no problem with annuity. Every year there'd be a payment that itself would equal a lottery jackpot.

In my program if I backtest with Quick Picks vs. my system, my system will always beat it (but needs to get a decent ratio to beat the 50% take out).. they put the drawing on Times Square which would throw off... [ More ]

Comment #16

SirMetro — Thu, 08 Mar 2007 18:26:19 GMT

To better understand the How valuation, you might want to look here http://www.usamega.com/mega-millions-jackpot.htm at the Jack pot analysis.

Oh, and keep in mind, the $160 Million is BEFORE taxes, NOT after. That is the current CASH value. It is only worth $390 million if you are willing to have it locked up for 20 years and accept annual installments instead.

To understand how that works, you might want to look up info on Annuities (btw...never ever have an Annuity as an investment ve... [ More ]

Comment #15

OldSchoolPa — Thu, 08 Mar 2007 18:25:30 GMT

I take it that you also think that working a JOB is a fraud in that Uncle Sam does the exact same thing in taking 15 to 28 percent of your earnings...actually, the government takes even more than that from your weekly/biweekly/monthly paycheck...after the federal (usually always applicable unless military serving in hazard zone like Iraq/Afghanistan) and state (if applicable) tax, you are are hit with Social Security and Medicare. Those self-employed individuals have to pay self-employment tax.... [ More ]

Comment #14

OldSchoolPa — Thu, 08 Mar 2007 18:24:10 GMT

Comment #13

MillionsWanted — Thu, 08 Mar 2007 14:14:48 GMT

They still have to pay taxes for the installments.

Comment #12

RJOh — Thu, 08 Mar 2007 14:13:05 GMT

If you don't play you don't have to guess about never winning, you know for sure.

Comment #11

argentmann — Thu, 08 Mar 2007 14:09:38 GMT

There were just two winning tickets sold in the 10-state game, lottery officials said.

I thought there was 12 states in the Mega Millions.

Comment #10

bobby jones — Thu, 08 Mar 2007 14:01:18 GMT

Lottery is a fraud.out of 390 million dollars how do u only give out 160 million after taxes?.at the very least the winners should walk away with at least half of the advertised jackpot after taxes.i guess that i will never be a millionaire through the lottery system because i dont play the million dollar games.the statement about them cutting it in half because of the lump sum is not true..if you take the 20 year option you still will pay the same amount in taxes if not more.there are no 300 p... [ More ]

Comment #9

codmander — Thu, 08 Mar 2007 13:51:37 GMT

poor guy lol sounds silly hope eerything works out for him and the vultures leave him alone

Comment #8

One2Adore — Thu, 08 Mar 2007 13:18:36 GMT

Because if they choose the installments, the value IS $390 million. Only if they take the lump sum is the amount cut in half.

Comment #7

MillionsWanted — Thu, 08 Mar 2007 09:08:51 GMT

Why do they even bother with calling the jackpot $390 million dollar when the real value after taxes are $160 million dollar?

Why not just say the jackpot is at $160 million dollar and be finished with it

Comment #6

Littlemanjen — Thu, 08 Mar 2007 05:09:05 GMT

Yep, it was his sixth line out of ten quick picks that won, for all of the system players that overthink things in the Jackpot games. IT IS LUCK, PURE AND SIMPLE!!!!!!! Get over it

Comment #5

emilyg — Thu, 08 Mar 2007 04:44:24 GMT

My TV station just said it was all quick-picks.

Comment #4

JAP69 — Thu, 08 Mar 2007 04:42:16 GMT

Yep

And I heard on the radio news today about the Ga winner. They were interviewing the sales clerk that sold the ticket.

She mentioned it would be nice to help the person that sold the winning ticket.

Comment #3

jeffrey — Thu, 08 Mar 2007 04:28:49 GMT

Ohhhhh, why did he give his name. Was it required? Now,he will have terrible problems.

Comment #2

whodeani — Thu, 08 Mar 2007 04:23:59 GMT

Well at least he took the time to talk to a laywer, a tax accountant and financial planner first. Always scares me when you hear of lottery winners who rush into these things.

Comment #1

Todd — Thu, 08 Mar 2007 03:19:01 GMT

Congrats, and please be careful

Georgia Trucker Claims Half of Record $390 Million Lottery Jackpot

Lottery Post — Thu, 08 Mar 2007 03:05:58 GMT

A truck driver from northwest Georgia came forward Wednesday afternoon to claim half of the record $390 million Mega Millions jackpot, the richest lottery prize in U.S. history.

Ed Nabors of Rocky Face, about 90 miles north of Atlanta, was the first person to step forward and claim part of the jackpot from Tuesday night's drawing.

Nabors told reporters gathered at Atlanta lottery headquarters that he is still numb.

He bought the ticket at Favorite Market in Dalton.

Because he took... [ More ]