20-year-old claims $451 million

Pasco county is a fairly undeveloped county with mostly rural community. He would do well to join the local chamber of commerce and invest in his community by opening up a handful of businesses to employ the locals and build a legacy with his name for the next generation.

Of course if Pasco does not cut it, he is more than welcome bring his business here to Tampa, we are always looking more more millionaires to invest in our city
It cant always be the Gonzmars, Glazers, and Jeff Vinick lol!

Oh dear, there may have already been an attempt to make a move on him. A casino boat traveling in a canal in his town caught fire, exploded, and killed a woman.

I sure hope none of his relatives were on board, because if they were, then this absolutely would not be a coincidence.
Casino shuttle catches fire in Port Richey; all passengers accounted for
Woman, 42, dies overnight after being passenger in casino boat fire

This is Florida, anything is possible.

originally posted by: JAGStormI also think that kind of money would be a lot better spread out amongst many people, 1mil for 451 people instead?

It's a Catch 22 situation. If you limited it to a million, few people would buy tickets, so you'd never get to the point where you benefited your theoretical 451 people. Wish him luck and refrain telling him what to do. It's not really your business. I hope he can resist the many people who will now have their hands out trying to shame him into doing their bidding.

a reply to: JAGStorm

Armies of parasites will descend upon the hapless young man. He doesn't stand a chance.

a reply to: JAGStorm

We don't have any lotteries up here, but looking at other States it looks like they do have some that pay less and more often.

No I don't think its insane. It's how the lottery works. You stop the big payouts, I think all that would happen is less participation. The reason they put the money in is the hope of the big prize. It's not a social program.

Anyone who puts all their hopes in winning the lottery or the lottery being an answer is headed down a garden path. The only reliable path is education, work and wise handling of money. The lottery is entertainment and best wishes to the winners.

When I lived in Idaho 20 years ago, they had Powerball which in fact helped out a lot with the schools. It does help others in that way in States that use it for good cause and not to beef up the general fund. It is a pseudo-tax out of the gate, then taxed heavily again. It gets spread around.

Shouldn't have taken the one time payment.

Many lottery winners go broke shortly after winning it.

A 20 year old should have taken the annuity.

originally posted by: JAGStorm
a reply to: chr0naut

With that kind of money, you would have to have accountants, and then backup accountants to check up on the first accountants. Lots of crooked accountants out there. Maybe change them up every few years?

Nope.
You put it in a 5 year annuity to keep the leeches off you and calm down for a while so you understand your options.
Pull a million and set yourself up with what you need presently. Change your address, phone number, email address and lock down your credit. Get your education and pick something that is not a degree in the arts. Live long and prosper.

naw.........that's is trusting the beurocratic boushua..friggin banker blood evil club

a reply to: JAGStorm

That would be too much money for me at my age. If I was twenty, I would start some businesses around this area with the money. But I did not win...maybe because I didn't buy a ticket. I wouldn't mind a couple of million, but if I won that much money I would need to move and change my name. I would not like that.

originally posted by: BotheLumberJack
a reply to: JAGStorm

Looks like he opted to receive a onetime payment of close to $282 mill.

Lucky guy.

One time payment? I would do a monthly payment for sure.

I would build a private school with public school "tuition" and stick it to the elitist pricks that populate my city... make it possible for the kids from low income families to get a really good start in life.

I f'ing hate the way that wealth is being consolidated at the moment, flowing to the hands least deserving.

a reply to: JAGStorm

In some ways, its better it hit him while he is young enough to learn something new.

Some people wind up in a very odd position when they win the lottery, in that they are old enough to know how to operate with restrictions, but you place them in a scenario where they have room to wiggle, and they fall apart. A younger person has not had as long to be compressed by the circumstances of their lives thus far, meaning that they have a better chance of growing into their new found wealth, than someone of perhaps a slightly more advanced age might.

Of course, as with any generalisation there are exceptions to the sort of thing I am talking about, but I still think its probably a better thing to get this sort of luck early on, while you have the youth of mind necessary to expand into it, rather than have all the pressure and no elasticity of mind to cope with it.

a reply to: rickymouse

Its not necessary to move or change your name, just because you won the lottery.

Most lottery commissions make allowances for those who wish to receive their prize anonymously, as far as I know.

have a friend who won 3 mill his parents pointed him in the right direction like it sounds like his did. He lived good on it for 30 years till cancer got him.

400 Million I would have an order out to pick me up in a year to clean me up!!

And then repeat

When he won they had to move out of their house and his last name and mine were only 3 letters different so I had people begging at my door. Joys of a small town.

a reply to: JAGStorm

Wow. Lucky guy.

a reply to: TrueBrit

That is so true, he is so young, he doesn't know what he doesn't know!

Sometimes that is why young people can just up and start a business unlike an older person overthinking it to death and never doing it.

I'm around a lot of young people and i'd also say the majority of them are much more apt to help each other because they haven't dealt with true survival of the fittest while living in their parents house, so they have a somewhat idealized view of the world and how things should work.