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Who said the lawyer wanted them to go public on Today show? maybe it was the couple favorite show and they wanted to go public. Im sure they already know the ticket is the winner. its not algebra. Match the numbers you won. Check. Did you go to the sore the ticket was sold at? Check
Im sure the l;awyer called the lottery and showed them to confirm. Im sure they signed the ticket and made multiple copies. Nobody else can claim it
And all you need is 1 lawyer. That lawyer they have is a estate and financial planning lawyer who owns a business full of other lawyers on his team.
You dont go out and search for multiple lawyers, you find 1 and have them get their hands dirty
Also they are walking away with hundreds of millions. All that planning and whatever can wait. They dont need to plan right away. They need to get the money spend, while he lawyer do the work and planning. They can easily blow 10 million and wont sweat it, while the lawyer does the work and draw up the paperwork
They said on the Today show that the lawyer was the one who told them to go public; it wasn't their idea.
I doubt the lawyer called Tennessee lotto before the show because after the show aired, TN lotto did not confirm for several hours that this couple did indeed have the winning ticket. It seems as if TN lotto was taken as much by surprise as everyone else.
Yes all you do need is one lawyer. However, it should not be some small town lawyer that some friend referred you to that brings his daughter on the Today show with him. It should be a partner in a big national law firm who is used to working with clients that have hundreds of millions of dollars. The partner in the big law firm will be far less tempted to steal your winnings than Joe Schmo the small town lawyer whose usual business is writing up wills for Grandma and Grandpa. For this kind of money you need a big league lawyer. There are plenty of lawyers and other financial professionals that would not be able to resist trying to steal a piece of this kind of money. The potential reward far outweighs the potential punishment.
Sure they are walking away with millions but you would be surprised how fast many of these lotto winners can go through millions. Within 5 years, a big percentage of lotto winners are completely broke. For this kind of money you absolutely need to plan before you claim the prize because your life completely changes. You won't be able to live in the same house, work the same job, etc etc because of the publicity. And before you claim the prize, you need to make sure legal steps have been taken to protect the money from the greedy hordes that will come crawling out of the woodwork to get their piece. Anyone who claims a lotto prize of this size before taking time to make detailed plans is a fool who will soon be parted from their new fortune.
Sure they are walking away with millions but you would be surprised how fast many of these lotto winners can go through millions. Within 5 years, a big percentage of lotto winners are completely broke. For this kind of money you absolutely need to plan before you claim the prize because your life completely changes. You won't be able to live in the same house, work the same job, etc etc because of the publicity. And before you claim the prize, you need to make sure legal steps have been taken to protect the money from the greedy hordes that will come crawling out of the woodwork to get their piece. Anyone who claims a lotto prize of this size before taking time to make detailed plans is a fool who will soon be parted from their new fortune.
^^^So true, first mistake was going on TV, then saying they are not changing their lifestyle, selling house, or quitting their jobs. They'll have some very big surprises in store for them over the next few months.
^^^So true, first mistake was going on TV, then saying they are not changing their lifestyle, selling house, or quitting their jobs. They'll have some very big surprises in store for them over the next few months.
Wrong! 69 total, and 2 repeated next draw; the probability of a player choosing those same numbers are low to none. It was a QP helped out by 440m ticket sales due to $1.6B madness and $3B wasted.
Low ticket sales, and repeat numbers, guarantee a rollover. Check the past 18 draws _without_ repeats and no winner!
Bus man is right. Not sure what you're correcting here.
The pool of numbers is 1-69, and resets with every draw. So the odds of randomly drawing the same number in two separate draws is 1/69. The odds of two numbers is 1/(69^2), or 1/4761. Not exactly mind-blowing odds.
Bus man is right. Not sure what you're correcting here.
The pool of numbers is 1-69, and resets with every draw. So the odds of randomly drawing the same number in two separate draws is 1/69. The odds of two numbers is 1/(69^2), or 1/4761. Not exactly mind-blowing odds.
No, there are five numbers. The probability of exactly two numbers being chosen again is 5/69*4/68*64/67*63/66*62/65*(5 choose 2) [5 choose 2 is 5*4*3*2*1/(3*2*1*2*1) = 10]
No, there are five numbers. The probability of exactly two numbers being chosen again is 5/69*4/68*64/67*63/66*62/65*(5 choose 2) [5 choose 2 is 5*4*3*2*1/(3*2*1*2*1) = 10]
which equals 3.7%, or about 1 in 27.
Oh right, forgot about no duplicate numbers within one draw in the second example.
Nit picking aside, it still doesn't make the odds mind blowingly slim to draw 2 of the same numbers in 2 separate draws.
Edit: an easy way to calculate this is by going to the prizes page, pick the number of matches plus power ball, then divide those odds by 26 (power ball options are 1-26). You get the same 3.7% Barney calculated above.
Last edited by numberfive; 01-16-2016 at 10:54 AM..
A nurse in California thought she had won the world's biggest lottery jackpot, but soon discovered she had a son with the world's worst sense of humor. News that the 62-year-old mother of seven, who works at a health center in Pomona, had won the Powerball lottery spread across the country before it emerged that it was a prank by her son, who had called to tell her she had won, BuzzFeed reports.
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