Minnesota couple claims $180 million Powerball jackpot

Comment #35

KY Floyd — Fri, 09 May 2008 16:01:42 GMT

The powerplay option is paid with 50 cents from every dollar they collect by selling the powerplay option.

Comment #34

KY Floyd — Fri, 09 May 2008 16:00:15 GMT

MM annuities are spread over 26 payments, which is one up front and one for the next 25 years. For PB it's 30 payments over 29 years. That's a 4 year difference, but there's much more to it. By spreading the remaining payments over 29 years instead of 25 there is more of the available money invested right at the start. The bigger diference is that MM payments are equal, but PB payment start smaller and get bigger as time goes by. With a total of 26 payments, MM pays just under 4% up front and in... [ More ]

Comment #33

DC81 — Fri, 09 May 2008 04:44:53 GMT

Oh, I was thinking you said 27 to cover the first year of payments I think, which is why I said 30 for PB instead of 29. Either way, it's a three year difference.

Still, you get more upfront with Mega Millions than you do with Power Ball.

Comment #32

JWBlue — Fri, 09 May 2008 04:10:23 GMT

Correction. MM is paid over 26 years. I believe that would make the difference.

30 years is 15.38% longer than 26 years. Factor in the compounding of 4 additional years, that should make the difference.

Comment #31

DC81 — Fri, 09 May 2008 03:22:53 GMT

Powerball is paid over 30 years, would three more years really make that much of a difference

Comment #30

JWBlue — Fri, 09 May 2008 03:05:42 GMT

MM is paid over 27 years.

Comment #29

BaristaExpress — Fri, 09 May 2008 00:21:59 GMT

You have to remember that the PowerPlay option in the PowerBall game has to be paid from somewhere! I see the light going on now! lol

Comment #28

DC81 — Thu, 08 May 2008 23:33:36 GMT

Why is the Mega Millions cash option so much higher than the Power Ball version? Don't they both use the same method of paying out the advertised jackpot with treasury bonds? Maybe I should read up on it...

180M PB = 88 Million (about 49% of the annuity jackpot).

145M MM = 88.3 Million (about 61% of the annuity jackpot).

I know as the MM rises, the percentage lowers, but it's still starts off almost equal to Powerball where the starting jackpot is three million higher, then ag... [ More ]

Comment #27

JWBlue — Thu, 08 May 2008 23:01:21 GMT

I mentioned before in another thread that the advertised jackpot amount is false advertising. A jackpot lottery winner once sued a lottery commission stating the same thing and asked for the advertised amount amount in a lump sum up front. Even though he lost, I believe he had a case.

Comment #26

wizeguy — Thu, 08 May 2008 22:50:08 GMT

Congrats to the Rosenaus

Comment #25

DC81 — Thu, 08 May 2008 04:41:52 GMT

Well, he was described as a character and people I've met that could be described that way never leave a good impression with me. I saw an interview with him from a news station in Michigan outside his home of all places and he did know better about keeping your mouth shut but didn't and within seconds of winning half the warehouse he worked at knew about it.

But who knows? If we never hear about him again then I guess he did well.

Comment #24

GamerMom — Thu, 08 May 2008 02:42:45 GMT

me either, that guy just seemed like a huge jerk

Comment #23

Think — Thu, 08 May 2008 02:40:33 GMT

Maybe but I am talking about the Jackpots.

Maybe there was one Jackpot that wasn't near Detroit but I don't remember it. If there was one that was not near Detroit I bet it would be posted on the Michigan lottery website...but I don't see any.

Anyway That couple that won this jackpot really do seem nice. The only winner that I did not have a good feeling about is that guy from Metro Detroit that just won the MM $135 Million.

Comment #22

DC81 — Thu, 08 May 2008 02:32:51 GMT

Someone won $250,000 from the last MM drawing and guess where the ticket was bought.... Canton, Michigan which seems to have had several winners (at least I remember a few) and of course it's near Detroit.

Comment #21

Think — Thu, 08 May 2008 02:22:03 GMT

Wow! It looks like there are big winners from all over the state in Minnesota. They aren't all just concentrated in the Twin Cities. That seems to happen in Georgia too...winners from all over not just Atlanta.

In Michigan the big winners all just concentrate in one corner of the state near Detroit.

Anyway Congrats to the Rosenaus

Minnesota's biggest Powerball winners

June 30, 1999: Farrah Slad, Brainerd, won $150 million. Took cash option of $78.8 million. Aug. 14, 2004: Mary Beth... [ More ]

Comment #20

GamerMom — Thu, 08 May 2008 00:57:58 GMT

I waited - they can, too.

EXACTLY

Comment #19

Piaceri — Thu, 08 May 2008 00:54:12 GMT

Congrats to the lucky couple! Stay smart and protect yourselves.

I'm not so sure about the comment about the adult children. I have two, both in college, both still pretty much on my dollar. No way would I split a jackpot like that with them. They will get the benefits anyway, then inherit. I waited - they can, too.

Comment #18

dumars798 — Wed, 07 May 2008 21:35:11 GMT

WTG

Comment #17

BaristaExpress — Wed, 07 May 2008 19:18:48 GMT

I can't believe I'm seeing this being said! How about this: It was their win, not their children's!

I'll be damned if I'll put my one grown adult daughter on my winning ticket! I'm not saying that she won't benefit from my win, but she sure isn't going to get 50% of it either! Heck not even 1/3, not 1/4 either! She will get no less than 1 million, but it could be as much as (5 million Tops) that she will get! And for my young son .... he'll get 3 million put in a trust until he's 21! Now it a... [ More ]

Comment #16

ThatScaryChick — Wed, 07 May 2008 18:27:34 GMT

Why would they have to put anyone else on their ticket and how does that constitute them not doing much planning

Comment #15

GamerMom — Wed, 07 May 2008 17:51:41 GMT

sounds like it couldn't have happened to a nicer couple.

Comment #14

Todd — Wed, 07 May 2008 14:22:56 GMT

Yes, if you want detailed information about how the cash and annuity values are determined, go to the USA Mega Powerball FAQ page and scroll down to the question, Why is the cash option different than the advertised jackpot? .

I'd recommend checking out the rest of the info on that page too. Other useful pages at USA Mega can be found in the left-side navigation on the site, as well as in the drop-down menus.

Comment #13

HiYoSilver — Wed, 07 May 2008 12:48:13 GMT

Congrats to the Rosenau's. Looks like a good story in the making. I would be willing to bet we do not hear much from them after this.

It is my understanding that you cannot put anyone else besides husband and wife on the tickiet because that would constitute a lottery club, which, would have to have been formed ahead of time.

Comment #12

spy153 — Wed, 07 May 2008 11:43:28 GMT

Congrats to the Couple! I would love to be going to Hawaii with ya!

Rage, MUSL says the advertised amount is the amount you get when you take the 30 year annuity. If you take the cash up front lump sum, it was advertised at 88 million. They explain, that is the amount we have on hand to pay the winner straight up. After Federal and State taxes (which varies, according to each state) the winners only got the low amount mentioned. The advertised amount, they say, is the amount you get over a p... [ More ]

Comment #11

Littleoldlady — Wed, 07 May 2008 10:45:58 GMT

I can't believe they have GROWN CHILDREN and did not put them on the ticket also..seems like they haven't done much planning.

Comment #10

rage — Wed, 07 May 2008 10:41:28 GMT

The Waseca couple appeared this afternoon at a news conference at Minnesota Lottery headquarters in Roseville, introduced as the lucky winners of Saturday's $180.1 million Powerball drawing. The Rosenaus said they'll take the lump-sum payment of $88 million, or $59.6 million after taxes.

can someone please explain to me how the jackpot is advertised at 180m million and the lump sum payment is only 88 million

and then the after tax amount is a insanely low amount of 59.6 million. i alw... [ More ]

Comment #9

ThatScaryChick — Wed, 07 May 2008 07:16:43 GMT

Congrats to the lucky couple

Comment #8

DC81 — Wed, 07 May 2008 06:42:42 GMT

Then you better hope I win the Mega Millions because things would certainly change if I won. Unfortunately I'd try hard to remain hidden so hopefully none of you would know about it. :D

I think most people who say things won't change (which is like all of them when they do these interviews) are kidding themselves.

Comment #7

NightTrain1234 — Wed, 07 May 2008 05:04:43 GMT

How boring, another winner that wants to stay the same after winning 60 million after taxes. Why bother playing the lottery then? They should have already quit their jobs and started planning to live the high life. That's what winning the Powerball jackpot is all about!

We need another Jack Whittaker type winner.

Comment #6

konane — Wed, 07 May 2008 02:09:42 GMT

Congratulations to the Roseneaus

Comment #5

JWBlue — Wed, 07 May 2008 01:11:14 GMT

Doesn't it always happen that way

Comment #4

JackpotWanna — Tue, 06 May 2008 23:21:52 GMT

I think that is the only mistake they made but most likely only talk to sound humble. Once they see thousands of people begging for a handout, they will come to their senses. Why the rush to claim the prize within a few days? Enjoy the moment for you got 1 full year to claim the prize.

Comment #3

doubledee32 — Tue, 06 May 2008 22:27:59 GMT

The said they want to keep their day jobs and help people-I'm SURE now that everyone knows who they are they'll get thier chance!!!-LOL

Comment #2

JackpotWanna — Tue, 06 May 2008 22:12:18 GMT

WTG! Good people won. Wow only 1 ticket

Comment #1

Todd — Tue, 06 May 2008 21:52:53 GMT

Congratulations to the very happy couple

Minnesota couple claims $180 million Powerball jackpot

Lottery Post — Tue, 06 May 2008 21:40:37 GMT

Paul and Sue Rosenau are Minnesota's newest millionaires.

The Waseca couple appeared this afternoon at a news conference at Minnesota Lottery headquarters in Roseville, introduced as the lucky winners of Saturday's $180.1 million Powerball drawing. The Rosenaus said they'll take the lump-sum payment of $88 million, or $59.6 million after taxes.

The Rosenaus, both 54, hit the largest Powerball jackpot in state history. The Rosenaus have three adult children, and just last week had their sec... [ More ]