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SD rancher wins $232 million jackpot

RaistlinZ

Diamond Member
LINKAGE

10 bucks says he's broke within 2 years.

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PIERRE, S.D. ? If this were a movie, nobody would believe it: A rancher struggling to eke out a living in one of the poorest corners of America claimed one of the biggest undivided jackpots in U.S. lottery history Friday ? $232 million ? after buying the ticket in a town by the name of Winner.

Neal Wanless, 23, said he intends to buy himself more room to roam and repay the kindness other townspeople have shown his family.

"I want to thank the Lord for giving me this opportunity and blessing me with this great fortune. I will not squander it," he promised, wearing a big black cowboy hat and a huge grin.

Wanless, who is single, lives with his mother and father on the family's 320-acre ranch near Mission, where they raise cattle, sheep and horses. They don't own a phone, a mobile home of theirs was repossessed last year, and records show they have fallen $3,552 behind in their property taxes.

Wanless bought $15 worth of tickets to the May 27 30-state Powerball drawing at a convenience store in Winner during a trip to buy livestock feed. He will take home a lump sum of $88.5 million after taxes are deducted.

The Wanless home stands in a grove of trees in Todd County, home to the Rosebud Sioux Tribe. It was the nation's seventh-poorest county in 2007, according to the Census Bureau.

Dave Assman, who owns farmland next to the Wanless ranch, said he is happy the family won't have to worry about money any more. "They've been real short on finances for a long time," Assman said. "They are from real meager means, I guess you'd say."

"I hope they enjoy their money," said county assessor Cathy Vrbka, a family friend. "They work hard, backbreaking hard work."

Wanless' father, Arlen Wanless, 54, has made a living in recent years mainly by buying and selling scrap metal, but his fortunes dropped with the price of iron, said Dan Clark, an auctioneer from Winner and a friend of more than two decades.

The younger Wanless told lottery officials that he spent the last week working on the ranch and that he intends to continue that lifestyle, albeit on a larger piece of land. According to lottery officials, he recently told his horse, Eleanor, "It'd be nice if we go for a longer ride than usual on a bigger ranch of our own."

"My family has been helped by the community, and I intend to repay that help many times over," Wanless said. He gave no details.

An Oregon family turned $40 worth of tickets into $340 million Powerball prize in 2005, and at least four other winners collected larger jackpots than Wanless' prize.

The store where Wanless bought the winning ticket will get a $50,000 bonus. Sharon Ulmer, manager of the store, said she is glad the Wanless family won.

"From what I understand they don't have a lot, so the money definitely went to a good place," Ulmer said. "I know it went to a good home. They can use it."

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LOL. Assman. :laugh:
 
Wanless, who is single, lives with his mother and father on the family's 320-acre ranch near Mission, where they raise cattle, sheep and horses. They don't own a phone, a mobile home of theirs was repossessed last year, and records show they have fallen $3,552 behind in their property taxes.

Wanless bought $15 worth of tickets to the May 27 30-state Powerball drawing at a convenience store in Winner during a trip to buy livestock feed. He will take home a lump sum of $88.5 million after taxes are deducted.

There's a lesson here.
I'm just not sure what it is.
 
Originally posted by: techs
Wanless, who is single, lives with his mother and father on the family's 320-acre ranch near Mission, where they raise cattle, sheep and horses. They don't own a phone, a mobile home of theirs was repossessed last year, and records show they have fallen $3,552 behind in their property taxes.

Wanless bought $15 worth of tickets to the May 27 30-state Powerball drawing at a convenience store in Winner during a trip to buy livestock feed. He will take home a lump sum of $88.5 million after taxes are deducted.

There's a lesson here.
I'm just not sure what it is.

That lotteries are a tax on the stupid? For every wanless that wins, there a several millions that lose and fall behind an extra 15$ on top of their 3552 in property taxes. It's alright though, he'll blow it all within a year and go back to buying lottery tickets.
 
Originally posted by: techs
Wanless, who is single, lives with his mother and father on the family's 320-acre ranch near Mission, where they raise cattle, sheep and horses. They don't own a phone, a mobile home of theirs was repossessed last year, and records show they have fallen $3,552 behind in their property taxes.

Wanless bought $15 worth of tickets to the May 27 30-state Powerball drawing at a convenience store in Winner during a trip to buy livestock feed. He will take home a lump sum of $88.5 million after taxes are deducted.

There's a lesson here.
I'm just not sure what it is.

Whoa, 232 million turns to 88 million after taxes? WTF
 
Originally posted by: Quintox

Whoa, 232 million turns to 88 million after taxes? WTF

Negative. The $232 becomes $116 when the winner selects a lump payment instead of installments. Then the $116 becomes $88 million after taxes.


Edit: That's a tax rate of only 24% so the lump payment must be better than 50% of the total prize.
 
Originally posted by: ironwing
Originally posted by: Quintox

Whoa, 232 million turns to 88 million after taxes? WTF

Negative. The $232 becomes $116 when the winner selects a lump payment instead of installments. Then the $116 becomes $88 million after taxes.

Well yes I meant that I just didn't want to type all that out.

That is still ridiculous
 
Being that they are ranchers I'd say they have a better handle on how to live than others and that will turn into not being broke.
 
Originally posted by: Quintox
Originally posted by: ironwing
Originally posted by: Quintox

Whoa, 232 million turns to 88 million after taxes? WTF

Negative. The $232 becomes $116 when the winner selects a lump payment instead of installments. Then the $116 becomes $88 million after taxes.

Well yes I meant that I just didn't want to type all that out.

That is still ridiculous

Casinos are a better bet than the lottery.
 
i bought $10 worth of tickets and matched one friggen number. good for him, glad to see someone who works hard and needs it got it, since i didn't.
 
Originally posted by: spidey07
Being that they are ranchers I'd say they have a better handle on how to live than others and that will turn into not being broke.
He's already broke. I don't see how being a rancher matters.
 
Originally posted by: ironwing
Originally posted by: spidey07
Being that they are ranchers I'd say they have a better handle on how to live than others and that will turn into not being broke.

How so?

cuz they know how to work hard by the sweat of their brow, and have no sense of entitlement except by what they earn.
 
Originally posted by: ed21x
Originally posted by: ironwing
Originally posted by: spidey07
Being that they are ranchers I'd say they have a better handle on how to live than others and that will turn into not being broke.

How so?

cuz they know how to work hard by the sweat of their brow, and have no sense of entitlement except by what they earn.

or win in a lottery. you wait and see.
 
Originally posted by: Hacp
Poor guy. He's gonna 20million in debt in 4 years.

He'd qualify for a bailout then. Too big to fail. You don't want this inspirational hero that luck forged to fall do you? The whole of society would collapse!
 
Originally posted by: ed21x
Originally posted by: ironwing
Originally posted by: spidey07
Being that they are ranchers I'd say they have a better handle on how to live than others and that will turn into not being broke.

How so?

cuz they know how to work hard by the sweat of their brow, and have no sense of entitlement except by what they earn.

Pretty much. They understand how to handle money in and money out and what it takes to live.
 
The part that worries me is the "repay the kindness other townspeople have shown his family" part......

Dude should have NEVER said that......

Whole freakin town will be on his door step at 6 AM the morning after he deposits the check.......
 
Originally posted by: ed21x
Originally posted by: ironwing
Originally posted by: spidey07
Being that they are ranchers I'd say they have a better handle on how to live than others and that will turn into not being broke.

How so?

cuz they know how to work hard by the sweat of their brow, and have no sense of entitlement except by what they earn.

Are you kidding? American ranchers are some of the most subsidized, entitled people on the planet. They get subsidized access to federal and state land (hereditary entitlement to federal land, no less), federal and state handouts, liability subsidies (a rancher negligently lets his cows roam the highways and you run into one, killing your family, and the rancher gets to send you a bill for the cow). Plus they enjoy welfare tax rates on their private land. Inner-city welfare queens never had it so good.
 
Originally posted by: ironwing

Are you kidding? American ranchers are some of the most subsidized, entitled people on the planet. They get subsidized access to federal and state land (hereditary entitlement to federal land, no less), federal and state handouts, liability subsidies (a rancher negligently lets his cows roam the highways and you run into one, killing your family, and the rancher gets to send you a bill for the cow). Plus they enjoy welfare tax rates on their private land. Inner-city welfare queens never had it so good.

And just what are you doing to provide food for this great land? What have you produced?

 
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