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(CNN)   Man buys lottery ticket. LATER: Man forgets he bought lottery ticket, so he buys another one with identical numbers. HOLY FARK: Both tickets win   (edition.cnn.com) divider line
    More: Spiffy, biggest prize, Scratchcard, Lottery, Gambling, Sweepstakes, prize, Lotteries, The New Yorker  
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2870 clicks; posted to Main » on 05 Dec 2021 at 9:05 PM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



47 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-12-05 8:49:03 PM  
I am glad both tickets won, if only one won I would have questions.

Good for the guy hope he doesn't lose a ticket.
 
2021-12-05 9:13:05 PM  
Fark user imageView Full Size


SCOTTY DOESN'T KNOW!!!!

/Scott Thomas was actually the name of the character in EuroTrip.
 
2021-12-05 9:13:13 PM  
$50K a year for life.... or a $550K payout..... I'd take the $50/year....
 
2021-12-05 9:14:49 PM  
The universe is a funny thing.
 
2021-12-05 9:15:55 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


To get $50k/year in "safe" dividends on the stock market you'd need $3 million or so invested. Only a fool would go for the lump sum here.
 
2021-12-05 9:17:47 PM  

Shaggy_C: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

To get $50k/year in "safe" dividends on the stock market you'd need $3 million or so invested. Only a fool would go for the lump sum here.


truth
 
2021-12-05 9:18:46 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


After taxes, more like 30-35K a year, so taking the 550K as a lump sum after taxes may be the way to go....but that's only if you save / invest the bulk of it. Most lottery winners don't.
 
2021-12-05 9:19:36 PM  
Yeah but the guy has already had one heart attack and from the looks of him he may only last a couple more years...So maybe taking the pay-out was the right choice. ¯\_(ツ)_/¯
 
2021-12-05 9:20:21 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


I think he didn't get financial advice perhaps?

TFA said he choose 780K, but still. He could take a loan of 1000k, on someone betting that he'd live more than 20 years.

Just invest 25k a year, and enjoy the other 25k for spending money.

About that house?

There's a thing called, collateral. If you go down to the bank and tell them, I want a house, loan me the money. I have 50k a year as collateral, for the rest of my natural life. It'll be really, really, easy go get a loan.

Seriously, banks love that kinda shiat. So what if the housing market crashes, 50k a year for life.
 
2021-12-05 9:20:26 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


Is that $50k before taxes? So I'm assuming $25-35k/year. 
A solid raise in income but probably not enough to quit working for most middle class.
 
2021-12-05 9:22:08 PM  
He's now 240 times more likely to be murdered by a family member than before.
 
2021-12-05 9:23:17 PM  

AlgaeRancher: I am glad both tickets won, if only one won I would have questions.

Good for the guy hope he doesn't lose a ticket.


The only this guy has lost so far is statistics.

Oh and... Ummm. Close enough. Suck it math nerds!
Fark user imageView Full Size
 
2021-12-05 9:24:44 PM  

VaportrailFilms: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

Is that $50k before taxes? So I'm assuming $25-35k/year. 
A solid raise in income but probably not enough to quit working for most middle class.


50% tax on 50k???

Where is that, Cuba?!
 
2021-12-05 9:31:08 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


Hey instant money.

Buuuut no. Wtf man. The lump sum is a joke compared to the pay out unless you're expecting to die soon.
 
2021-12-05 9:34:42 PM  

AlgaeRancher: I am glad both tickets won, if only one won I would have questions.

Good for the guy hope he doesn't lose a ticket.


SPOILERS

I think you may be one of those people who realize that winning witth the same number twice in the same draw is exactly as likely as winning with the number once.

Good for you. Let's hope the other people don't bother to read our posts. It'll make a nice nine day wonder for them.
 
2021-12-05 9:38:06 PM  
$50k per year means relatives friends EY. Harass you for life. Here once he throws it into the house etc he is good. Also who know how long he's got.

/seems like a smart lottery winner
 
2021-12-05 9:41:04 PM  
TFA said he was a dump truck operator and wanted to invest in "his business." So, perhaps he owns and operates a dump truck. If his goal was to expand the business, like buy more trucks and hire employees, his potential earnings could easily offset $50k per year.

I wouldn't be so quick to write off what he did as making a bad decision. His goals are his goals, not yours. Small business owners think a bit differently than clock punchers. And $50k/yr would be a nice boost, but for a lot of people, it's not "retire young" money.
 
2021-12-05 9:41:23 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


If your parents died early, and you think you might only have 5-10 years left, I could see taking both now

If you've got debts, I could see taking one of each.  You get the lump sum to deal with your debts, like paying off your house or maybe a down payment on a new house.... Then you have the annuity for the future.

The annuity also helps protect you against your family killing you hoping they're in your will if it's only 'for life'.  And the partial lump sum could give you the money to move to a gated community so they can't drop by randomly 

For most other situations, both as an annuity makes sense-- if you're not about flashy cars and such, it'll tide you over til you can collect social security, then you're pretty well set
 
2021-12-05 9:42:54 PM  

walrusonion: The universe is a funny thing.


truthinsideofyou.orgView Full Size
 
2021-12-05 9:44:21 PM  

The_Sponge: [Fark user image image 425x488]

SCOTTY DOESN'T KNOW!!!!

/Scott Thomas was actually the name of the character in EuroTrip.


If u are going go that far mentioning a farker... go all in:

Fark user imageView Full Size
 
2021-12-05 9:44:30 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


* "For life" prizes are guaranteed for a minimum of 20 years.

What happens after 20 years is not mentioned! Whether it's a better deal depends on how the taxes work out, the inflation rate, your ability to invest the proceeds, and... err...

If you're the kind of guy who bets on the lottery, it probably doesn't matter, because you're going to throw it all away as soon as possible, probably on more lottery tickets.
 
2021-12-05 9:45:04 PM  

AlgaeRancher: I am glad both tickets won, if only one won I would have questions.



Could have been a non-Euclidean lottery.
 
2021-12-05 9:46:39 PM  

Petey4335: The_Sponge: [Fark user image image 425x488]

SCOTTY DOESN'T KNOW!!!!

/Scott Thomas was actually the name of the character in EuroTrip.

If u are going go that far mentioning a farker... go all in:

[Fark user image image 425x220]


Lulz.

/Damn I love that movie.
 
2021-12-05 9:53:43 PM  

The_Sponge: Petey4335: The_Sponge: [Fark user image image 425x488]

SCOTTY DOESN'T KNOW!!!!

/Scott Thomas was actually the name of the character in EuroTrip.

If u are going go that far mentioning a farker... go all in:

[Fark user image image 425x220]

Lulz.

/Damn I love that movie.


I guess really should be a followup...
Fark user imageView Full Size


/maybe on should put it on in the background as I work tomorrow... its been a few years. Its a good laugh.
 
2021-12-05 9:55:52 PM  

walrusonion: The universe is a funny thing.


Yeah it is. I. One side inf the planet statistics seem meaningless on the other there is a starving children with a fly trying to burrow into the eyeball of that child.

Thankfully this heinous situation will be sorted shortly with the cunning and proper usage of pronouns that evoke zero aggression of any sort, belief, or some other word, to be determined at another time, that maybe doesn't exist or may exist in some other form at possibly another point in what some call time, justifying aggressive usage of words against those that seek to attack others with words or implied unacceptable aggression simply due to the existence of some word at some time in the past, current time, or empowering abusiveness of any other circumstance where blame should be focused on those that have zero capability to answer for crimes of their non-aborted genetic clumps of cells in which choice was criminally prohibited.

Imagine the greatness of the world where the Sumerians invented the coat hanger and toilet bowl.

Thankfully I live in a land with a flag and a proper elder that zero people would permit to file their taxes to save us and bring the deserved healing.we have been waiting for.

It's getting dusty in here.
 
2021-12-05 10:04:08 PM  

Shaggy_C: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

To get $50k/year in "safe" dividends on the stock market you'd need $3 million or so invested. Only a fool would go for the lump sum here.


We are talking about people that do not understand statistics here.
 
2021-12-05 10:09:29 PM  

VaportrailFilms: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

Is that $50k before taxes? So I'm assuming $25-35k/year. 
A solid raise in income but probably not enough to quit working for most middle class.


Easily covers rent for modest housing. No marriage and no cohabitation, while living in a spartan manner, Costa Rica or Thailand is less than twenty year away with a comfortable living.
 
2021-12-05 10:12:41 PM  

StoPPeRmobile: walrusonion: The universe is a funny thing.

Yeah it is. I. One side inf the planet statistics seem meaningless on the other there is a starving children with a fly trying to burrow into the eyeball of that child.

Thankfully this heinous situation will be sorted shortly with the cunning and proper usage of pronouns that evoke zero aggression of any sort, belief, or some other word, to be determined at another time, that maybe doesn't exist or may exist in some other form at possibly another point in what some call time, justifying aggressive usage of words against those that seek to attack others with words or implied unacceptable aggression simply due to the existence of some word at some time in the past, current time, or empowering abusiveness of any other circumstance where blame should be focused on those that have zero capability to answer for crimes of their non-aborted genetic clumps of cells in which choice was criminally prohibited.

Imagine the greatness of the world where the Sumerians invented the coat hanger and toilet bowl.

Thankfully I live in a land with a flag and a proper elder that zero people would permit to file their taxes to save us and bring the deserved healing.we have been waiting for.

It's getting dusty in here.


WTF
 
2021-12-05 10:31:32 PM  
Wonder how they'll try and get out of paying the 2nd prize.
One Entry Per Person Per Drawing!
 
2021-12-05 10:34:03 PM  

Trik: Wonder how they'll try and get out of paying the 2nd prize.
One Entry Per Person Per Drawing!


Well apparently he did figure out a way.

After taxes, he netted $551,851, the lottery said.
 
2021-12-05 10:42:13 PM  
He doubled his chances of winning with two.
 
2021-12-05 10:46:24 PM  

Shaggy_C: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

To get $50k/year in "safe" dividends on the stock market you'd need $3 million or so invested. Only a fool would go for the lump sum here.


Don't forget to account for age/life expectancy as well -- If you don't expect to be alive in a decade, the lump sum would definitely be the way to go.
 
2021-12-05 10:51:59 PM  
But, isn't this the kind of lottery where the pot is determined by how many people play? Isn't he just essentially splitting the pot with himself? It's not like there's two pots unless I'm misunderstanding how this works. Isn't this like Powerball etc? I've never known of another lottery of this type where you choose numbers and win a flat prize.
 
2021-12-05 11:11:21 PM  

StoPPeRmobile: VaportrailFilms: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

Is that $50k before taxes? So I'm assuming $25-35k/year. 
A solid raise in income but probably not enough to quit working for most middle class.

Easily covers rent for modest housing. No marriage and no cohabitation, while living in a spartan manner, Costa Rica or Thailand is less than twenty year away with a comfortable living.


I could buy 10 acres of woods here in MO and have a well dug, septic/propane/line drop off the nearest pole installed, and a very nice double-wide with the first year's payment. Then, since everything was paid for upfront & in cash, deduct the shiat out of my taxes & just set up a tiny tax payment plan til the next year's payout.

Next year, install solar & only use electric as a backup.

Fark rent & making other people rich.
 
2021-12-05 11:47:13 PM  

brantgoose: I think you may be one of those people who realize that winning witth the same number twice in the same draw is exactly as likely as winning with the number once.


Unless someone else had the same numbers as well. Then this guy would end up with two thirds of the jackpot instead of half.
 
2021-12-05 11:52:17 PM  
I'd say he's entitled and will definitely f people in the future. He won.
God loves him.
///
 
2021-12-06 1:54:55 AM  
My uncle used to buy his lottery numbers twice each week, so if anyone else also had the same numbers, his share would be bigger.

He was only family by marriage, not by genetics. No one else in the family is like that.
 
2021-12-06 2:05:09 AM  
Now hit the roulette wheel and place it 00. You're on fire!
 
2021-12-06 2:05:25 AM  
man buys lottery ticket. man forgets he bought lottery ticket. man buys another lottery ticket.

dinosaur eats man?
 
2021-12-06 5:30:30 AM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


How old are you? The winner looks to be in age bracket where picking up front money may be better option, and it sounds like he is going to do the right things with the money. (Which is easy to say until you actually see the check).

Small point, but the 50k is pretax, 5550k is post tax.   Again, not as relevant if you are younger and expect to have many years ahead of you.
 
2021-12-06 8:56:39 AM  
i don't think he won 2 jackpots.  i think he won 1/2 of a jackpot twice.  basically he halved his ROI.
 
2021-12-06 11:38:23 AM  
I see that CNN has now removed the photo, which said "Massachusetts lottery" in small letters on the side, and was a picture of somebody who had won in that state.

They don't look very closely at what they're posting.
 
2021-12-06 11:39:39 AM  
Er... wait a minute, they didn't. I had thought it was originally the top photo, and hadn't scrolled down.
 
2021-12-06 3:25:08 PM  
That's kinda how lotteries work, subs.  HOLY FARK would have been "somehow only one of the tickets won!"
 
2021-12-06 3:37:19 PM  

tom baker's scarf: i don't think he won 2 jackpots.  i think he won 1/2 of a jackpot twice.  basically he halved his ROI.


It's not really clear from TFA, but in this case, it doesn't seem like there is a single prize pool that all winning tickets split up like the lotto.  Seems each ticket could win the 'jackpot' of $25k/yr for life. I don't think if he had only had the one ticket, it would have been worth $50k/yr for like, still only $25k/yr for life. More like scratch-offs. Each ticket has the potential to pay off the advertised prizes, what happens with other tickets as no effect on that.
 
2021-12-06 3:52:06 PM  

Shaggy_C: CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....

To get $50k/year in "safe" dividends on the stock market you'd need $3 million or so invested. Only a fool would go for the lump sum here.


Unless, perhaps, he knows he has terminal cancer and a rather short life expectancy.  The lump payout is roughly equal to 15 years of payouts.  Unless the "for life" is somehow transferable, there are conceivable circumstances where the lump sum makes sense.
 
2021-12-06 5:05:47 PM  

CasperImproved: $50K a year for life.... or a $550K payout..... I'd take the $50/year....


At this point, in its current trajectory, nobody expects America to last more than 11 years.  Tops.
 
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