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Person comes forward to claim $1.3 billion Powerball jackpot in Oregon

A person with a ticket matching all six Powerball numbers in Saturday’s $1.3 billion jackpot came forward Monday to claim the prize, Oregon officials said.

The lottery ticket was purchased at a Plaid Pantry convenience store in the northeast part of the city, Oregon Lottery said in a statement.

Oregon Lottery is working with the person in a process that involves security measures and vetting that will take time before a winner is announced.

“This is an unprecedented jackpot win for Oregon Lottery,” Oregon Lottery Director Mike Wells said in the statement. “We’re taking every precaution to verify the winner before awarding the prize money.”

Evilcoleslaw ,

I think that’s actually a pretty bad sign for the person that won, to show up the first day possible to claim it. It seems like it would be much more prudent to get some legal and financial advice beforehand. Like if I won I have zero idea how to handle that kind of money on even the most basic logistical level. Hopefully it doesn’t ruin their life.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

There is a lot of evidence to show that lottery winners have no idea how to handle that kind of money and don’t seek advice about it.

This person hanged themselves after blowing through all of their lottery money- www.theglobeandmail.com/news/…/article4121212/

This person defaulted on a loan because they wanted more than the annual amount but didn’t opt for the lump sum and ended up in massive debt- …usatoday.com/…/2004-05-03-lottery-winner_x.htm

This guy ended up working at his old McDonalds job a year later- telegraph.co.uk/…/Lottery-millionaire-back-workin…

Here’s many more stores- gobankingrates.com/…/lottery-winners-who-lost-mil…

The lottery is a tax on the poor, who are sold the hardest on it. Players have virtually no chance of winning, meaning that most of the people who play have a basic lack of understanding of how to manage their money.

state_electrician ,

The perception is wildly skewed here because you never hear from the ones who use the money responsibly to buy a home, settle debt, etc. and just live an easier life. Sure, winning the lottery should not be your only option to ever achieve anything. I just don’t think that lottery winners in general have a huge problem.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Why would you play the lottery in the first place if you user money responsibly? Playing the lottery is the opposite of using money responsibly.

state_electrician ,

Because for most people it’s a small vice that let’s you dream of a better life for a week.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

That doesn’t make it any less financially irresponsible. “I can afford to be irresponsible at my current income level” suggests that they will have the same way of thinking if they happen to win.

QualifiedKitten ,

Not everyone who plays the lottery plays it consistently. I think I’m reasonably responsible with money, and I’m probably spending something like $20/year playing the lottery. If I won, the very first thing I’d do is get a lawyer. I wouldn’t even tell my friends or family until I got things sorted with a lawyer.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

You don’t sound like the typical person I hear about winning the lottery.

dogslayeggs ,

That’s because you don’t hear about the majority of people winning the lottery. In some states, you can claim it anonymously (I know in CA you can’t). In those that don’t allow anonymous claims, you can set up an LLC to claim it.

People tell stories about the lottery winners who go bankrupt, but there are million dollar tickets sold literally every week. You don’t hear much about those because the jackpots are in the hundreds of millions now.

I am a fiscally responsible person with the amount of money I make. I spend more money on beer in a week than I do lottery tickets in a year, but I still drop a $20 when the jackpots hit a billion. If I would have won, I wouldn’t have told anyone except a trusted financial planner/adviser until all the stuff is all set up, and then I would only tell a few specific people. To everyone else, I would just say I helped a buddy start a new company that was sold to investors. You wouldn’t ever hear about me.

whoreticulture ,

Even in California, the only information you’re required to release is your name and the city (maybe even the exact store) the ticket was purchased. You don’t have to get your picture taken and everything, someone with a commonish name living in a populated area could easily stay anonymous.

june ,

Do you spend every single dollar you get responsibly? Do you have zero vices?

Just because you’re different doesn’t mean you’re better. Get off it with this rhetoric and let people live their lives, especially when it has zero impact on you.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

If by ‘vices,’ you mean spend money on something on the chance that I might get something good out of it but probably not, no. I do not have such vices. I spend money on things that benefit me. I don’t really see the benefit of buying a lottery ticket since it will almost always lead to disappointment.

june ,

I’d encourage you to look up what a vice is.

It’s glaringly obvious your vices are different but I guarantee you have your own that some or many of us would find to be wildly irresponsible.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Okay.

https://lemmy.world/pictrs/image/f3ee3b1f-d718-426e-b678-55dbe7b2944e.png

Unless you count using cannabis for medical reasons and not for recreation in a state that isn’t legal a vice, I do not have any vices.

june ,

I see you skipped the contextual definition immediately below the last one. Let me help you out:

https://lemmy.world/pictrs/image/5bc5f6c2-97cb-41d8-8a65-630c634db412.png

“A bad habit”

Yes you do have vices.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

If you know that I have them, you can tell me what they are.

june ,

Idiotic take. You’re human, you have vices. It’s that simple.

Here’s some more help: factmyth.com/vices-and-virtues-explained/

Do you drink soda or alcohol? Vice.

Do you eat comfort foods when you aren’t strictly needing substance? Vice.

Do you binge watch television? Vice.

Do you doomscroll? Vice.

Do you do anything at all that you look back on and say ‘maybe that’s not the thing I should be doing’ and then go on and do it again? Vice.

No one is so virtuous as to be absent of vice and your self-aggrandizing, holier-than-thou sentiment is disgusting and abhorrent and in my estimation, a vice.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Do you drink soda or alcohol? Vice.

If you drink one glass of wine a month, that is neither bad nor a habit.

Do you eat comfort foods when you aren’t strictly needing substance? Vice.

Again, if you do this occasionally, it is neither bad nor a habit.

Do you binge watch television? Vice.

How is that a bad habit?

Do you doomscroll? Vice.

How is that a bad habit?

Do you do anything at all that you look back on and say ‘maybe that’s not the thing I should be doing’ and then go on and do it again? Vice.

I do everything I can to avoid this.

No one is so virtuous as to be absent of vice and your self-aggrandizing, holier-than-thou sentiment is disgusting and abhorrent and in my estimation, a vice.

“Saying you don’t have vices is a vice” makes not more sense than “saying you’re not a racist means you’re racist.”

I never said I was virtuous. I said I don’t have any vices. You certainly haven’t shown that I do, you’ve only shown that you don’t understand what ‘habit’ means and you have a very conservative idea of ‘bad.’

Habits are something I try to avoid unless they are beneficial.

Modern_medicine_isnt ,

By definition, once a month is a habit. Alcohol is technically poison. It’s not much of a vice, but since you are going for technicalities, it fits the definition. But no one can prove you have a vice over the internet. But the odds of any given person not having a vice are about as small as winning the powerball.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I meant on average once a month. Come on.

Modern_medicine_isnt ,

Still a habit.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I never said I didn’t have habits. I said I don’t have vices.

Modern_medicine_isnt ,

It’s technically poison. So if you have a habit of drinking poison, that’s a bad habit. Which is a vice.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Once a month on average is not a habit. A habit is a regular thing.

Modern_medicine_isnt ,

Sure it is. You regularly average one drink per month.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

No? Some months I might have one drink, some months I might have three, some months I might have none at all. That’s what ‘on average’ means.

In other word, it is not habitual. It is occasional.

If you go to the movies five or six times a year, are you a habitual movie-goer?

Modern_medicine_isnt ,

You can try to change the word, but I am not falling for it. If you go to the movies 5 or 6 times a year, you have a habit of going to the movies. If you drink 5 or 6 glasses of poison a year, that would be a bad habit, and also a vice.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

That is not what habit means.

https://lemmy.world/pictrs/image/465a97e1-3a4a-4a5d-b181-8ac06222ec60.png

Going to the movies 5 or 6 times a year is neither settled nor regular.

Modern_medicine_isnt ,

Now look up tendency. Any number range per year is a regular tendency. Per year is regular, and any nonzero number is tendency. The English language is shit. I before e except after c and several hundred other exceptions.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Nonsense. It’s entirely relative.

Per year is regular for a medical checkup.

Per year is not regular for eating an egg salad sandwich. Especially when it is an average of once per year and not definitely once per year.

Is getting a medical checkup a habit? If so, is it a vice? Because, again, I don’t deny I have habits. I’m denying I have vices.

Modern_medicine_isnt ,

Nothing in the definition says anything about relative. You are applying your interpretation to the definition. But everyone can have a different interpretation. So you can’t do that and still be “technically” correct.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Are you seriously claiming that having, on average, one egg salad sandwich a year is both a habit and a vice?

Modern_medicine_isnt ,

Pretty sure I never said anything specific about egg salad. But yeah, English sucks. Technically it is a habit.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

No, I said something specific about egg salad, on average, once per year and you said it is a habit.

Me:

Per year is not regular for eating an egg salad sandwich. Especially when it is an average of once per year and not definitely once per year.

You:

Nothing in the definition says anything about relative. You are applying your interpretation to the definition. But everyone can have a different interpretation. So you can’t do that and still be “technically” correct.

So basically everything anyone could possibly do from swallowing a thumbtack to dying of listeria is a habit.

Modern_medicine_isnt ,

I keep trying to tell you that english is a shifty language. I believe you can exclude one time events if you dig into the definitions of the words used in the definition of habit. But that is probably the technical limit of things truely excluded.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I see… So if you eat a plum when you’re 6 years old and then never eat another plum again until you’re 90, it’s not a one-time event, and therefore is a habit and a vice.

Emmie ,

Holy shit the colors of lines aligning with replies are so pretty. It’s 4 full rainbows.🌈

You guys truly have some serious vices of online pointless arguments. How humane of you.

I congratulate you on being just like the rest of us.

Modern_medicine_isnt ,

Yes on the habit technically. Thats a once every 45 year habit. But a vice? Well I don’t think eating a plum is bad for you unless you are allergic or something. So not a vice I think.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I don’t think you will find a single other person on this planet that would agree with you that doing something two times over the course of your entire life is a habit. Not one.

Modern_medicine_isnt ,

Now that’s just silly. Even the most absurd thing one could think of could find one person on the planet that would agree with it.

Now remember, you took this down the “technically” path. I personally would use habit closer in line with how you would. But Vice is similar. The definition says it is a habit, but it is common for people to use it in reference to things that aren’t a habit by your interpretation. So you can pick if you want to be technical, or interpretive. But you can’t mix and match. Either way, the original point of everyone has a vice is true if you use the technical branch and if you use the interpretive branch. It is only false if you use the interpretive for habit, and the technical for vice.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

Even the most absurd thing one could think of could find one person on the planet that would agree with it.

Okay, find me that person. I’ll wait.

Modern_medicine_isnt ,

Dr oz… Donald Trump, any of the maga Republicans…

whoreticulture ,

Lmao at you pretending not to know what a vice is to win a petty argument.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I know exactly what a vice is, which is why I know I don’t have any.

Malfeasant ,

Game, set, match

whoreticulture ,

You know, you don’t have to put every penny you earn into a savings account. You’re allowed to spend it on stuff you find fun.

whoreticulture , (edited )

I could totally imagine someone with an already fairly stable income buying a set amount of lottery tickets within their budget as a hobby. It’s not my thing, but a fair number of people are into it.

DjMeas ,

I can’t speak from those who gamble without being financially stable, but I join a lottery pool by contributing $5 whenever the jackpot is over $1B. My wife and I also have a decent salaries and save 65% of what we make. I guess that makes the $5 irresponsible while still being responsible financially overall?

whoreticulture ,

Yeah exactly, I don’t think that’s irresponsible at all. You could have also spent $5 on a cookie you ended up hating.

Liz ,

Nah there’s statistics on it. A huge fraction end up broke. I’m too lazy to dig them up, but you can find numbers on it. In any case, it’s not a actually limited to people who but lotto tickets. Humans are generally bad at handling massive windfalls.

jkrtn ,

The McDonald’s job guy seems to be doing just fine, if he’s actually working there by choice as a social thing.

stanleytweedle ,

Luke Pittard, 25, won a £1.3m fortune, but applied to get his old job back because he missed his workmates.

Mr Pittard said yesterday: "They all think I’m a bit mad but I tell them there’s more to life than money.

Yeah this guy seems to have made out pretty well. Can’t blame them at all for wanting to keep what they enjoyed about their life even with the new money. Not that I disagree that the lotto is a tax on the poor but this guy is the opposite of what that comment was trying to prove.

Fredselfish ,
@Fredselfish@lemmy.world avatar

I was hoping they use the money for good. But looks like they are stupid and going come out and blow the money stupidly. Goddamm I just feel it all rigged.

BreakDecks ,

The fundamental issue with winning the lottery is that nobody who understands personal finance enough to handle winning would ever waste money playing the lottery. The most likely winners are people who buy lots of lottery tickets, and those people are the least prepared to handle winning.

It’s hard to imagine burning through $1.3B, but after taxes it’ll only be about $400M. All it takes is a huge mansion, a mega yacht, and a high end private plane to put yourself into a significant financial tailspin from the costs of maintenance, taxes, staffing, and energy.

By the time you realize what poor decisions you’ve made, getting out of it can be impossible. The yes-men who sold you all your luxuries have probably convinced you to dump your money on plenty of other endeavors designed specifically to separate you from your winnings.

The one percenters only get away with their extravagant lifestyles because they understand how to exploit the system to their advantage, and they can keep up the expenses by amassing more wealth.

Not to mention, if you already have a gambling problem, as many lottery players do, the thrill of winning and access to that kind of cash is likely to motivate you to gamble millions more looking for the next dopamine dump.

That this person claimed the prize so quickly absolutely is a bad sign for their future. If they try to do it their way, they will get conned out of everything within a decade, and their return to poverty will be crushing.

Ajen ,

The fundamental issue with winning the lottery is that nobody who understands personal finance enough to handle winning would ever waste money playing the lottery.

It’s hard to imagine burning through $1.3B, but after taxes it’ll only be about $400M.

I don’t think you understand personal finance. No one in America pays a 70% effective tax rate. How did you end up at $400M??

Liz ,

Taking the lump sum, which is roughly half the grand prize, is practically always the better deal. Almost everyone takes the lump sum. If you want the full amount you get it in yearly installments over 40 years. Anyway, so you pay income taxes on the lump sum.

StorageB ,

The lump sum payout for the $1.3 billion was $621 million. Lottery winnings are taxed as income putting the winner in the 37% federal tax bracket leaving $391.2 million. After taking out Oregon state taxes, the winner would be left with $329.8 million.

www.usamega.com/powerball/jackpot/2024/4/6

TwinTusks ,
@TwinTusks@bitforged.space avatar

$1.3B, but after taxes it’ll only be about $400M

What?

Sylvartas ,

All it takes is a huge mansion, a mega yacht, and a high end private plane to put yourself into a significant financial tailspin from the costs of maintenance, taxes, staffing, and energy.

Imagine getting that kind of life-changing sum of money and immediately blowing it on what is probably literally the top 3 highest maintenance luxury items in the world instead of keeping a good portion of it in some index fund and live comfortably for the rest of your life.

I know some people actually do this but seeing it broken down like that makes it even more baffling

whoreticulture ,

Why would waiting be more financially prudent? You can get financial advice before or after you show them the ticket, might as well get that process started.

HurlingDurling ,
@HurlingDurling@lemmy.world avatar

Because before you receive your money they give you a bunch of paperwork to sign as well as how you want to break appart the money you receive and you want to be 100% sure what to say and what to agree too in order not to be legally scamed out of your winnings. Then once you receive the money you will already have the necessary accounts setup in order to not only store said cash but to basically live off the interests for the rest of your life as well as pay the irs their dues.

whoreticulture ,

Sure, but you can claim your ticket before you sign any paperwork.

PoliticallyIncorrect ,

The most important thing about having a lot of money it’s knowing how money works, that’s why what easy comes easy goes.

girlfreddy OP ,
@girlfreddy@lemmy.ca avatar

Uh huh. I guess that’s why most people who inherited their parent’s money are all living on the street now.

Fluffy_Ruffs ,

“I’m just so happy that finally Oregon won the big jackpot because it’s always on the East Coast,” Musser said. “Now that Oregon won it … there’s more hope for Oregon. Maybe we’ll win it again.”

I wonder if there’s any truth to this or it’s just confirmation bias on her part. It says just before that the largest Powerball jackpot ever was won in California…

dogslayeggs ,

Yeah, I feel like most of the jackpots have been in CA. I know at least two of the billion dollar ones were in CA.

Liz ,

You would except 10% of the winners to be from California, all else being equal.

BreadstickNinja ,

There is no truth to this. A win in Oregon does not increase or decrease the chances of a future win in Oregon. The probabilities are fully independent of one another. There is no plausible means by which the probability of a future drawing selecting a ticket held in a particular state is affected by the residences of previous winning ticket holders.

The idea that “X just won, therefore X is on a roll and will continue to win” and “X hasn’t won in a long time, therefore X is overdue for a win and should win in the near future” are both examples of the Gambler’s Fallacy.

PoliticallyIncorrect ,

Parents normally should educate their children, what unfournetly goes dramatically decreasing.

stoy ,

5 years untill they are broke, I bet one upvote!

kryptonianCodeMonkey ,

Do you win if they die? Because solid chance they are killed by someone else or drugs.

stoy ,

Good point, I’d call that a tie, since if they die before going broke the money would be inherited by someone, someone who possibly learned a thing or two by how the guy spent the money.

Luisp ,

Half of lottery winners lose it all in less than a year, let’s hope this isn’t one of them

Hillock ,

That's a misbelief, most lottery winner do just fine long after winning. We just only hear about the ones who go broke because that's report worthy.

And it's almost impossible to go broke with winning 1 billion. Even if you are only left with "only" 500 mil after taxes, and you manage to lose 99% of that, you are still left with 5 million. Which is still enough to have a comfortable life.

Evilcoleslaw ,

And it’s almost impossible to go broke with winning 1 billion. Even if you are only left with “only” 500 mil after taxes, and you manage to lose 99% of that, you are still left with 5 million.

This jackpot was $1.3B. If they take the cash payout instead of the annuity that immediately reduces to $621M. They’ll owe 37% on that (well 37% on the vast majority in the top tax bracket) for the year to the IRS. And then it looks like 8% to the state of Oregon. So somewhere around $341M. Still an unimaginable sum.for most. Just wanted to clarify because I think a lot of people assume the “cash value” is post-tax.

Malfeasant ,

It may be true, if only because “winning the lottery” can also include the smaller prizes, and then by number there are a lot more of those, so half goes a long way…

SeaJ ,

Big jackpot winners like this rarely go broke. The ones you hear about won much less.

50MYT ,

But they are some astronomical amount more likey to die.

Like 200x more likely if you win a jackpot

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

If M. C. Hammer can go broke, a lottery winner can.

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