What would you do if you won the lottery
General Topic
Contributors to this thread:
willliamtell 13-Jan-16
patdel 13-Jan-16
loesshillsarcher 13-Jan-16
EmbryOklahoma 13-Jan-16
caribou77 13-Jan-16
Stickwacker 13-Jan-16
elkmtngear 13-Jan-16
LBshooter 13-Jan-16
oldgoat 13-Jan-16
stealthycat 13-Jan-16
kellyharris 13-Jan-16
flyingbrass 13-Jan-16
flyingbrass 13-Jan-16
cnelk 13-Jan-16
kellyharris 13-Jan-16
Ole Coyote 13-Jan-16
Paul 13-Jan-16
Bowboy 13-Jan-16
deerman406 13-Jan-16
Beendare 13-Jan-16
Inshart 13-Jan-16
BoggsBowhunts 13-Jan-16
milnrick 13-Jan-16
patdel 13-Jan-16
JDM 13-Jan-16
GF 13-Jan-16
SteveB 13-Jan-16
Woods Walker 13-Jan-16
TURKEY STALKER 13-Jan-16
GF 13-Jan-16
Woods Walker 13-Jan-16
IAHUNTER 13-Jan-16
flyingbrass 13-Jan-16
EmbryOklahoma 13-Jan-16
IdyllwildArcher 14-Jan-16
Kicker Point 14-Jan-16
TSI 14-Jan-16
South Farm 14-Jan-16
olebuck 14-Jan-16
Sage Buffalo 14-Jan-16
Bake 14-Jan-16
EmbryOklahoma 14-Jan-16
Bowfreak 14-Jan-16
wild1 14-Jan-16
kellyharris 14-Jan-16
Amoebus 14-Jan-16
SDHNTR(home) 14-Jan-16
bill brown 14-Jan-16
Thornton 14-Jan-16
Chief 419 14-Jan-16
Woods Walker 14-Jan-16
rooster 14-Jan-16
willliamtell 14-Jan-16
Rock 14-Jan-16
tinecounter 14-Jan-16
Owl 14-Jan-16
StickFlicker 14-Jan-16
writer 14-Jan-16
Ole Thumper 15-Jan-16
Brotsky 15-Jan-16
Bobbin hood 15-Jan-16
MNRazorhead 15-Jan-16
Shaft2Long 18-Jan-16
beave 20-Jan-16
Miranda485 19-Jul-20
Dale06 19-Jul-20
Coyote 65 19-Jul-20
drycreek 19-Jul-20
Dyjack 19-Jul-20
W 19-Jul-20
JohnMC 19-Jul-20
billygoat 19-Jul-20
Dyjack 19-Jul-20
DanaC 19-Jul-20
Huntcell 20-Jul-20
Mule Power 20-Jul-20
Southern draw 20-Jul-20
Rut Nut 20-Jul-20
Brotsky 20-Jul-20
Fuzzy 20-Jul-20
bigswivle 20-Jul-20
Will 20-Jul-20
Phaseolus 20-Jul-20
South Farm 20-Jul-20
Jethro 20-Jul-20
Joey Ward 20-Jul-20
EmbryOklahoma 20-Jul-20
12yards 20-Jul-20
bluedog 20-Jul-20
DL 21-Jul-20
Tilzbow 21-Jul-20
t-roy 21-Jul-20
BC173 21-Jul-20
chukarchump 21-Jul-20
Treeline 21-Jul-20
Willieboat 21-Jul-20
WV Mountaineer 21-Jul-20
DL 21-Jul-20
scentman 22-Jul-20
scentman 22-Jul-20
DL 23-Jul-20
tkjwonta 23-Jul-20
Nick Muche 23-Jul-20
Shiras42 23-Jul-20
Fuzzy 24-Feb-21
Bou'bound 24-Feb-21
kota-man 24-Feb-21
Bob Hildenbrand 24-Feb-21
Sandbrew 25-Feb-21
Bou'bound 25-Feb-21
Kevin Dill 25-Feb-21
Fuzzy 25-Feb-21
loesshillsarcher 25-Feb-21
Rupe 25-Feb-21
t-roy 25-Feb-21
RW 25-Feb-21
Wild Bill 25-Feb-21
LINK 25-Feb-21
TrapperKayak 25-Feb-21
TrapperKayak 25-Feb-21
TrapperKayak 25-Feb-21
Ambush 25-Feb-21
Cornpone 25-Feb-21
Squash 25-Feb-21
Mule Power 26-Feb-21
Rupe 26-Feb-21
Hopeless 26-Feb-21
trophyhill 26-Feb-21
Paul@thefort 26-Feb-21
Scoot 26-Feb-21
BIGHORN 26-Feb-21
Catscratch 26-Feb-21
kentuckbowhnter 26-Feb-21
Zim 27-Feb-21
Matt 27-Feb-21
Fuzzy 27-Feb-21
EDUDA 27-Feb-21
skull 27-Feb-21
Sandbrew 27-Feb-21
From: willliamtell
13-Jan-16
So you played, you won the whole enchilada, what hunting thing(s) would you do next? Me, I'd buy spreads with enough acreage for guaranteed tags in top trophy districts across the west. I'd also focus on ranches that have beaucoup public land locked up behind them grant public access easements through them so the public could benefit from the windfall. I'd also support pro-hunting organizations and politicians, and hammer the anti's. Wish me luck!

From: patdel
13-Jan-16
Buy land. Hit reply all on emails from certain individuals and tell em what I really think. After I was no longer employed I'd go hunting and fishing full time. Playboy in the winter.

Give mom all the travel money she wants. Drink beer. That's about it.

13-Jan-16
hunt stuff

13-Jan-16
Buy land and hunt stuff. ;)

From: caribou77
13-Jan-16
I'd buy JHA's Willy Lake camp. And a helicopter so just once in my life I could watch the caribou migration.... That's the first 2 selfish things I'd do....

From: Stickwacker
13-Jan-16
Hunt everyday!

From: elkmtngear
13-Jan-16
Hookers and Cocaine...lol

From: LBshooter
13-Jan-16
Set up family members and friends, once that's done but some property and once that's all set up the rest would go to deserving charities.

From: oldgoat
13-Jan-16
Besides the obvious of buying places to hunt and fish and gear etc.. I would like to fund some Non Profit Groups to educate the public on the importance of hunting and a few other things!

From: stealthycat
13-Jan-16
I'd bank 25% of the money I got after taxes and giving 10% etc

I'd spend the other 75% in the next 12 months on a big ranch in AR, WY, CO, MT etc

I'd move there, do alfalfa hay maybe, some cattle maybe, sell hunts and live my life till it ended there hunting and fishing at my pace

that 25% in the bank would pay all my bills and more

From: kellyharris
13-Jan-16
Call my buddy who is full partner at earns & young. He is a tax guy and has clients with that much money.take the next 6 weeks off for vacation from work to get trust set up.

I would donate the following, not lump sum but the donation would be there.

10 million child cancer research

5 million make a wish foundation

5 million give kids the world village

10 million Dr. JESSE Taylor at Philly children's for research. (He put Morgan all back together)

5 million wounded warrior

10 million to NRA and tell Feinstein and Bloomberg to kiss my ass.

Eventually buy a descent size farm.

Work diligent with my Fidelity rep. I've done descent investing but I would never play with that kind of money in the market myself.

I would definitely give to other charities that help kids.

As Mark Cuban said if people ask for money they were not a friend those that need help you should be close enough they wouldn't have to ask.

From: flyingbrass
13-Jan-16
buy an island on the Mississippi River to deer and duck hunt

From: flyingbrass
13-Jan-16
kellyharris, you know make a wish no longer does hunting and fishing wishes! look for the organization called Catch a Dream, they do hunting and fishing

From: cnelk
13-Jan-16
According to Mark Cuban, if you win the PowerBall:

Hire a tax attorney first.

Don’t take the lump sum. You don’t want to blow it all in one spot.

If you weren’t happy yesterday you won’t be happy tomorrow. It’s money. It’s not happiness.

If you were happy yesterday, you are going to be a lot happier tomorrow. It’s money. Life gets easier when you don’t have to worry about the bills.

Tell all your friends and relatives no. They will ask. Tell them no. If you are close to them, you already know who needs help and what they need. Feel free to help SOME, but talk to your accountant before you do anything and remember this, no one needs 1m dollars for anything. No one needs 100k for anything. Anyone who asks is not your friend.

You don’t become a smart investor when you win the lottery. Don’t make investments. You can put it in the bank and live comfortably. Forever. You will sleep a lot better knowing you won’t lose money.

From: kellyharris
13-Jan-16
There are reasons they stopped that!

They have a lot of big dollar donors who had problems with their money going to killing an animal

I may not agree with them but I understand their stance. It's about donations. They are making sure their audience is happy.

Just as we will give to hunting things they will not.

Make a wish made Morgan and my family feel something that we had not felt in over a year. Just because they don't do hunts or fishing trips doesn't make them a bad organization. They may not fit your agenda but they fit 80% of all the sick kids agendas.

Ok now 5 million to a program/organization to let sick kids hunt and fish!!!

From: Ole Coyote
13-Jan-16
I have a few small bills I would pay off Then I would pay off my sons mortgage. I would have the wife design a new home and we would have it built where she would like to live. Maybe a new car or truck a few high tech toys I have been looking at. Help my church. buy a few thank full of heating oil for the folks in my town who are having troubles paying for it! help local families with food and clothes for the kids. That's about it, I already have a great life no need to change that much!!

God bless and good luck to all of you ticket holders!!

From: Paul
13-Jan-16
1 mil to wounded warriors hunting land oh did I say I will miss my wife , my hunting buddy's are coming for the ride as well

From: Bowboy
13-Jan-16
Take care of immediate family. Also take care of some of my military friends who served with me. Complete a super slam! Donate to some good organizations. Set up a trust and enjoy life!

From: deerman406
13-Jan-16
5 Million a year to St. Judes Childrens hospital and buy a couple thousand acres of prime whitetail land in Kansas, Iowa, Nebraska, Illinois, Indiana and Ohio. That is a couple thousand acres in each state. I would than set up trust funds for my 3 daughters. Oh, and do not take lump sum, pays out way better over the long haul and from what I here it is about 50 million a year after taxes. Shawn

From: Beendare
13-Jan-16
Charitable foundation for a big chunk....then Hunting land, couple more homes, yacht

From: Inshart
13-Jan-16
There are a few people here on Bowsite that do a LOT for others - they would get a wonderful windfall and a fully paid hunt(s) of a lifetime to Switzerland, New Zealand, Africa, and anyplace else in the world they would chose to go, guided or unguided.

Enough for kids, family, "deserving friends", and a few co-workers.

Most of the rest I would give away to charitable organizations who's CEO's don't earn a huge salary.

Organizations that fight for our right to hunt and the preservation of "our" hunting lands.

Some hunting property for my wife and I to sit back and enjoy the rest of our lives - with enough left over for us to be comfortable.

13-Jan-16
If you hear of the Montana sheep tag auctioning for a million, I won the PowerBall...

From: milnrick
13-Jan-16
Donate a big chunk to several charities and church, then ANYTHING I WANTED TO DO.

From: patdel
13-Jan-16
Two chicks at the same time.

From: JDM
13-Jan-16
first thing I'd do is get a new phone with a new number so nobody would call begging for a handout.

From: GF
13-Jan-16
I'm pretty much there with the OP, but I have a good long list of Worthy Causes as well.

I'd expect it's a full time job just staying on top of all the ways you'd want to give it all away, but somehow I think I would probably also find a way to include plenty of hunting & fishing & skiing and all the other things I seem to not have time of money for anymore....

From: SteveB
13-Jan-16
Keep 10% and give 90% away to worthwhile charities. No kidding.

From: Woods Walker
13-Jan-16
Make sure that EVERY SINGLE wounded vet that needed a Track Chair would have one. Then set aside enough for my family and myself and then disappear into the County I would buy in Wyoming. No cell phone, no TV. If I want to get ahold of you I'll make contact. Other than that, I'm gone!

Oh yeah, one more. 3 Rivers Archery would have to open up a store just for me!

13-Jan-16
10% to my church, 15% to missions, trust funds for my children, 10 million for childhood cancer research, 10 million to Batson Children's hospital, 10 million for the make a wish foundation & 4-5 thousand acres of bottom land in Mississippi.

I know make a wish does not do hunting and fishing trips but after almost three years of cancer treatments they treated my daughter like a princess. I am sure there are organizations that do a great job of granting hunting and fishing trips for ill children but we never heard from them. Make a wish contacted us! If I can ever do anything to pass on the gift to another child and their family I would not hesitate. If I could do it for a million I would.

From: GF
13-Jan-16
New Plan - Out-spend the Antis whenever they put something Ugly on the ballot.

From: Woods Walker
13-Jan-16
Seriously, I would pay off everything I owe, or MIGHT owe for the rest of my life, then I'd make sure that my family had enough to live the rest of their lives without worry. Not extravagantly mind you, just a notch above where we are now with no worries. If they want more then they can go earn it.

The I'd give the rest of it away, because when you have that much money you are a prisoner.

But I'd still want the 3 Rivers Store!

From: IAHUNTER
13-Jan-16
Bought a ticket and been thinking about it. First, get a good lawyer. Second, donate some to a handful of charities or efforts focused on kids, cancer, and veterans. Third, buy a nice farm, some new John Deer equipment, build a cabin and farm, fish and hunt with my family. Lastly, between work on the farm I would spend my time volunteering in local schools.

From: flyingbrass
13-Jan-16
I would hire a driver to drive me to all the places I would visit and hunt.

13-Jan-16
Okay... Back to work, dreamers!

14-Jan-16
Thanx Rick. I already had that money spent.

And it wasn't hookers and blow!

Ok, it was. But I thought about buying Treeman a nice Casio wrist watch from Sam's Club. I remember my friends.

From: Kicker Point
14-Jan-16
There's probably only one person on earth who would not be absolutely ruined by winning the Powerball Jackpot. His name is Samwise Gamgee. Be happy you didn't win...and even happier if you didn't waste money or emotion on a ticket in the first place.

From: TSI
14-Jan-16
Offer free hunting to every client we ever had and more just have fun hunting.

From: South Farm
14-Jan-16
"Hello, Mr. Shockey? I'd like to book a moose/grizz hunt with you....for the next 30 years straight!"

Then I'd buy land, lots of it!

Then I'd build my kid the water-park in his bedroom he always wanted.

Fun to dream!

From: olebuck
14-Jan-16
Lee - Basically I would be Lee lakosky

From: Sage Buffalo
14-Jan-16
Take all you guys sheep hunting!!!

From: Bake
14-Jan-16
I'm not a tax attorney, but I am a sleazeball . . .

To all you guys saying donate big chunks to charity. . . I'm pretty sure your tax attorney will tell you to air those payments to charities out over multiple years. . . . multiple years of tax breaks :) :)

Terribly selfish I know, but it is the real world here :)

If I won--80-90% would be split among multiple financial firms (that old saying about eggs and baskets)

Interest would be enough to buy everything I wanted, go on every hunt I wanted (all hunts in the world basically), donate yearly to every charity I wanted (Children's Mercy in KC, and St. Jude's, local schools, etc.), etc.

And for you guys that say take the annuity instead of the lump sum. . . . check the rules, guys in the café yesterday were arguing over whether those annuities could be handed down in death? . . .

If it's an annuity for just your life, that would totally screw your kids . . . .

Bake

14-Jan-16
If I were to win, I'd hire Bake as my consultant. Great advice there. Especially the payments vs. lump sum argument.

From: Bowfreak
14-Jan-16
I'd do like the guy above and spend it on cocaine and hookers except that I would add that I would waste the rest. :P

From: wild1
14-Jan-16
Create generational wealth - with a plan.

Create a large trust fund, or two.

Donate to causes I believe in.

Take care of those I love - wisely.

Buy a large ranch, or two (hunting, fishing and recreation).

Hunt. A lot.

From: kellyharris
14-Jan-16
There was a winner.

Bake the annuity is one that can be handed down.

Our local news had a tax attorney talk about it.

From: Amoebus
14-Jan-16
NOT announce it on bowsite.

From: SDHNTR(home)
14-Jan-16
An annuity payment makes sense for those who are perhaps not as financially sophisticated or responsible, which unfortunately represents most Americans. That's why Cuban made that remark. It basically forces you not to blow it all at once. For the smart people out there, however, or those willing to hire smart people to help them manage that wealth (like me ;-)), a lump sum that you can control makes a hell of a lot more sense.

As for what I'd do? First, I'd make sure my kids were set up with irrevocable trusts to care for them for the rest of their lives. Life insurance to cover the estate tax bill so as not to burden my kids.

I'd take care of my parents and fulfill their every dream while they are still alive.

Then I'd set up a Private Family Foundation to doll out gifts to my favorite charities, coupled with a few Charitable Remainder Trusts as well. Wounded Warriors, St Judes, Doctors Without Borders, Catholic Charities. Perhaps some generous cash gifts as I saw fit.

Then I'd buy a giant ranch with diversity of game and easily acquired tags. Build a dream home on said ranch. Then I'd buy a big tournament rigged sportfishing yacht, staffed with captain and crew. Spend the cold months of the year fishing warm places and living on the boat. And a jet card to fly wherever I wanted without the hassle of commercial travel.

To make all this last, Diversify! Property, various types of stocks, mostly bluechips paying dividends, various types of bonds, mostly municipals, multiple hedge funds/private equity and other various alternative investments. All institutionally managed so I wouldn't have to think about it.

Then I'd hire a personal nutritionist and personal trainer to keep me fit and feed me. I'd want to make sure I stay healthy enough to enjoy all that wealth!

Lastly, I'd call Bowhunting Safari Consultants and put deposits down on every hunt in the catalog!

From: bill brown
14-Jan-16
Whatever my wife told me to.

From: Thornton
14-Jan-16
Buy huge ranches in Montana, Colorado, KS, Oklahoma, and Missourri and take all my friends hunting as well as sell a few hunts to cover costs

From: Chief 419
14-Jan-16
I'd complete the Super Slam. After that, I'd see how fast I can spend what's left.

From: Woods Walker
14-Jan-16
"Whatever my wife told me to."

BINGO! The most honest answer on the thread!

From: rooster
14-Jan-16
Hire a lawyer, an accountant and a financial planner/manager.

Set up a college scholarship fund for every descendant of my parents and my wife's parents. As long as you pass it pays. Hopefully buy health care for the same bunch.

Give to as many "worthy" charities as possible.

Make our immediate families rich. What they do after that is up to them.

Buy lots of land.

Travel.

Hunt and fish my ass off!

From: willliamtell
14-Jan-16
You guys are awesome! The list covered just about all the good things I could possibly think of (and several I'd better stay the hell away from).

For the people who won, wonder how many of them are going to just go hunting and fishing. Well, in the completely unlikely event that it was one of us (come on, we all played, gotta support the schools), remember all your 'friends' who gave you great advice. Do us bowsite threadposters a solid - no ranch is necessary but a free hunt in one of the aforementioned locales would be real nice.

Til next time we could win a $billion$

From: Rock
14-Jan-16
Take care of family and those that always looked out for me. Charitable donations, pay off all bills, retire just before hunting season starts and book all the hunts to finish my 29 (currently have 21).

From: tinecounter
14-Jan-16
Probably change my lifestyle by doing more of less or less of more.

From: Owl
14-Jan-16
I'd buy enough land to go feral on my own terms. The balance would go into various trusts and investments.

From: StickFlicker
14-Jan-16
Make a Wish Foundation gave in to anti-hunting pressure several years ago, and they won't provide kids with hunts when they request them... They wouldn't be on my list.

From: writer
14-Jan-16
I'd just keep on making my usual investments in the stock market until it was all gone. :-)

We have a woman in Kansas who won $10 million, after taxes, and showed up as her job as a maid at a big hunting resort the next morning. She did go out and splurge on a "new" pick up, with only 50,000 miles.

She still works, though has 800 acres purchased and had some wealthy friends get her fixed up with some good investment planners.

All of her kids are getting top-notch educations. That includes the one who is going to the top welding school in the world. :-)

Gotta hope I'd stay as well grounded.

From: Ole Thumper
15-Jan-16
I would buy Pat Lefemine (spelling?) some descent looking boots and a insulated sock hat to keep his head good and warm!

I also like to buy Frisky a Black Widow Recurve so he would get rid of his "Holy Grail" Bow! lol

Then give some of it to Pat so he wouldn't kick me off the Bowsite and the Leatherwall!!!

From: Brotsky
15-Jan-16
Two chicks at the same time of course.

From: Bobbin hood
15-Jan-16
Keep enough for my self, buy some land and GIVE MOST of it to St. Jude's Children's hospital for cancer research! Help these kids out!

From: MNRazorhead
15-Jan-16
Disappear.

From: Shaft2Long
18-Jan-16
I'd set up a college fund for my son and a separate trust fund for him. He'd have to get through school. For some reason I just feel like he needs that. Then, after that, he can decide to do whatever he wants. Busting your ass is so overrated wouldn't blame him at all for just milking his inheritance on a beach somewhere.

Maybe he'd actually find something he really loves and he'd have the freedom to just chase dreams.

From: beave
20-Jan-16
I'd buy a new left tire for my truck and a dozen arrows for my longbow

From: Miranda485
19-Jul-20
Yeah winning on lottery would be great, but I am not sure that it is even possible and that is because I don't play it that often. Yes it is cool and it does not cost a lot, but better chance you have to win is if you play online. I play really good lottery online because it actually gives me more chance to win. You can play more, because it lasts only few minutes and then you know the results. I never won really big money, but I won more than $1000 few times and that is nice.

From: Dale06
19-Jul-20
Interesting question. Never thought about it cause in 69 years, I’ve never bought a lottery ticket.

From: Coyote 65
19-Jul-20
James Bond to take care of Soros and son.

Terry

From: drycreek
19-Jul-20
Since I don’t buy tickets, I’d say it was a miracle on par with a virgin birth.

From: Dyjack
19-Jul-20

Dyjack's Link
Brotsky beat me to it!!

From: W
19-Jul-20
Buy Brandywine Island in the Mississippi River just north of Memphis.

From: JohnMC
19-Jul-20
Dyjack he beat you by 4 1/2 years. ;)

From: billygoat
19-Jul-20
Contact RMEF about the most at risk property they had that I could afford, buy it to use, then endowment back to them after I tip.

From: Dyjack
19-Jul-20
LOL John, I didn't even check the dates. That's too funny.

From: DanaC
19-Jul-20
I'd do my share of selfish stuff and a fair amount of 'for others' stuff. I've sometimes thought that I'd buy my own private island, and the size of the lottery hit would determine how long the private runway would be ;-)

From: Huntcell
20-Jul-20
Buy a lifetime subscription to Bowsite, would be set. everything else would fall into place from all the great advise I would get from Bowsiters.....<•,•>

From: Mule Power
20-Jul-20
Aside from helping other people who really need and appreciate it I’d move to Alaska so I could legally hunt everything up there. I don’t need a big ranch in Wyoming because I love hunting elk in the mountains.

20-Jul-20
Buy nice summer house on the Kenai River and get out of this heat in the south and think about what to do with the rest of the money.

From: Rut Nut
20-Jul-20
First thing I'd do is buy a big chunk of property in Montana.

Next thing would be to host a Bowsite Hunt on Kodiak to see how many Blacktails we could kill.

Then I'd give the rest to Jay Fuller so we could finally find out what happened on Bou's lion hunt! ;-)

From: Brotsky
20-Jul-20
I saw this thread title and my immediate thought was the exact same comment I made 4 years ago. Some of us never grow up! :)

From: Fuzzy
20-Jul-20
my daddy always said "I reckon I'd just keep farmin' til I used that up"

From: bigswivle
20-Jul-20
I’d be land rich and cash poor

From: Will
20-Jul-20
I've pondered this for fun.

First, I'd set up a trust so "I" didnt win and my (or my wives) name is not all over the news for having one a big lotto jackpot.

I'd set up education accounts for all the kids in my family (mine, neices/nephews).

I'd donate some to several different groups who protect open space and access to that open space, as well as two medical institutions our family is very grateful to live near.

Help out some family and friends who may need it, and be in a position to semi retire really early so I have more time with the family.

Oh, and 2 vanity purchases. 1.) move our family to a house on a local lake just due to being a fun spot to live and 2.) buy my dad a truck, he's always wanted one, but never been willing to spend that much money.

From: Phaseolus
20-Jul-20
I’d buy Valiant 42’ sailboat and sail around the world. Periodically I would fly to wherever in the world I wanted to hunt.

From: South Farm
20-Jul-20

From: Jethro
20-Jul-20
Buy a house in Wyoming and become a resident ASAP.

From: Joey Ward
20-Jul-20
Mr. the day the lottery I win, I ain't ever going to buy a used truck again! :-)

20-Jul-20
Same thing I would've done in 2016. :)

From: 12yards
20-Jul-20
My biggest problem is, I'd actually have to buy a ticket. But if I did and won, I'd become a landowner real quick. May move to IA actually but maybe have land there and in SD and MN. Definitely summer home in MN.

From: bluedog
20-Jul-20
Nice Joey....

now Mr. the day my numbers come in.....

From: DL
21-Jul-20
If I’m going to dream I’m going to win a giant powerball jackpot. I’d hire a large law firm and a bunch of lobbyists to turn around these anti hunting laws here. Politicians can be bought off and if that’s what it takes so be it. These bunny hunter organizations would face law suits up the wazoo. Go after the heads of them and expose any inappropriate behavior. Expose PETA and HSUS for what they are. If I had any money left maybe a few nice hunts.

From: Tilzbow
21-Jul-20
I'd get fired and all the money would be taken back. Not a joke since I work for the company that manages the vast majority of all lotteries in the U.S. I can't play Megabucks on slots either so retirement plans A and plan B are out. Dammit, looks like hard work, saving and investing....

From: t-roy
21-Jul-20
Tilzbow.....Does the name Eddie Tipton ring a bell?

From: BC173
21-Jul-20
I’d buy off every person involved, in every state, and Canada, I wanted tags in. Every dam year. :)

From: chukarchump
21-Jul-20
I would help fund every effort to protect our rights to access federal and state lands that are being blocked by private land ownership. Roads and grandfathered access trails, etc that get closed and are not contested to only be forgotten would be protected to the best of my ability. This would be my way of giving to future generations of hunters and outdoors men and women and helping to protect the heritage we all love.

From: Treeline
21-Jul-20
Why stop at 2, Brotsky? Kinda limited imagination;-)

Actually really enjoyed reading some of the earlier posts. Definitely have been some great people on the Bowsite!

From: Willieboat
21-Jul-20
Hire AC/DC to play a show in the field I own between me and the neighbors......just to piss the neighbors off !!

21-Jul-20
I’d have to actually play first. But, when I do break down and buy a ticket, I’m sure I’m going to win. Just waiting on the right time to start. :^)

When I win, I’m going to give 10% to my local church. Lot of good in the people there and, God would know how it needs spent. I’d then set up all my family. I’d buy some more land here where I would build a self sufficient home with solar and wind power. On the little piece of land I’d live, I’d raise a beef, some hogs and goats, run about 30 meat chickens and a dozen egg layers, and garden most of my food supply. I’d buy a place in Alaska too. I’d buy a lake house somewhere in North Carolina and get a good boat to fish out of when I was there. I’d buy an RV on wheels too. Then I’d set up some management trusts for local kids who need mentoring and, I’d give a big sum to Saint Luke’s hospitals. Then I’d spend my remaining days having fun. Hunting, fishing, gardening, etc..... while always on the alert for an opportunity to use my remaking wealth to help those who deserve it.

That’s what I’m going to do. :^)

From: DL
21-Jul-20
Maybe 100,000-150,000 acres of elk and Mule deer and antelope country. Kill every cat and wolf that dares to step on my land and then see how large deer and elk would get without predation. Also have free bear hunts. Donate a few hunts every year for wounded warrior type organizations and make a wish. Have raffle hunts here on bowsite. One ticket per person. Free hunt with a guide provided. Make a real nice facility for summer kids camps for kids that could use a break in life. Same facility could be used by hunters. Would thoroughly enjoy sitting back and just watching people enjoy being in Gods country . I work annually on a 25,000 acre cattle ranch helping develop water sources. Last year was cutting a bunch of water sucking junipers. Amazing how many springs we’ve developed over the years. Instead of cattle raise buffalo and just let them do what buffalo do. I can day dream about this kind of stuff for hours unfortunately especially on a road trip.

From: scentman
22-Jul-20
I can guarantee I will never ever win a lottery... because I refuse to buy into it. 25 yrs ago I challenged a " loyal NYS" lottery donater to set up a seperate savinings account with the funds he would "donate to the lottery"... he laughed and said " your a kill joy, its for fun and entertainment" Let's just say I have more in my NYS "fund" than he has in 2 dollar winnings since 1995... and I would not spend a dime on hunting stuff other than to by my neices and nephews Lifetime Hunting Licenses.

22-Jul-20
My plumber today at our house won just yesterday. He's 65, so I think I was his last customer. He picks up his check Friday.

From: scentman
22-Jul-20
Habitat, I was almost going to put an addendum that you wuld be the first to respond to my post... I refrained as not to single you out as to your biased posts... but since you did, please enlighten me further.

From: DL
23-Jul-20
Friends of ours back in 1989 won a small one where the dad got $295,000. A year for 20 years. Not as much as some of you on here already make.

From: tkjwonta
23-Jul-20
To make some of these big dreams come true a bit at a time, what if we all donated in the name of the cause and made a positive impact on wildlife, public land access, hunting rights, etc. I know many of you are extremely generous with your time and money already to a variety of causes that favorably impact the outdoor experience, but what if bowsite had its own project/cause to claim. Or even just an existing project/organization that we could rally around.

Is there a specific cause or habitat project that we can tackle, or should we just continue to support other orgs: P&Y, SCI, RMEF, etc.

If anyone has any ideas, feel free to post them up or pm me.

Thanks, -Tyler

From: Nick Muche
23-Jul-20
I'd buy Bowsite and bring the Community Forum back.

From: Shiras42
23-Jul-20
Nick, Good one!

Not sure if I want to throat punch the people that say they would keep working and call them a liar, or be envious that they have a job they love that much. Would I keep working? Hell no! There is plenty in this world to keep me busy without a job (including BS).

From: Fuzzy
24-Feb-21
I bought five lottery tickets back in the early 90's realized it was a money pit. Started just working hard and keeping my bills paid up. Just retired at 57 YO. Ain't got much but it's paid for.

From: Bou'bound
24-Feb-21
Buy a crossbow

From: kota-man
24-Feb-21
I’m with Nick on this one! ;)

24-Feb-21
Buy an election!

From: Sandbrew
25-Feb-21
Stolen from another forum and slightly edited for some profanities- NOT MY WORK I've been close a few times and plan to win someday so I keep this guide handy for when it happens - Trust me its worth the read.....just in case.

Sandbrew

"Guide for recent lottery winners (or hopefuls). Congratulations! You just won millions of dollars in the lottery! That's great. Now you're screwed No really. You are. You're screwed.

I've seen this question (what to do if you win the lottery), a few times. . Amusingly, it recurs quite often. I posted a similar article to this one "back when" but I've updated it with some actual stories.

Keep in mind: IAALBNY (I Am A Lawyer But Not Yours). Consult professional advisers before spending your hard earned lottery cash.

It's long. There are no cliff notes. But if you just want to skip the tales of woe of some of the math-tax protagonists, skip on down to the line in bold.

You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity. Not the $1 million dollar winners. But anyone in the nine-figure range is at high risk. Eight-figures? Pretty likely to be screwed. Seven-figures? Yep. Painful. Perhaps this is a consequence of the sample. The demographics of lottery players might be exactly the wrong people to win large sums of money. Or perhaps money is the root of all evil. Either way, you are going to have to be careful. Don't believe me? Consider this:

Large jackpot winners face double digit multiples of probability versus the general population to be the victim of:

Homicide (something like 20x more likely) Drug overdose Bankruptcy (how's that for irony?) Kidnapping

And triple digit multiples of probability versus the general population rate to be:

Convicted of drunk driving The victim of Homicide (at the hands of a family member) 120x more likely in this case, ain't love grand? A defendant in a civil lawsuit A defendant in felony criminal proceedings

Believe it or not, your biggest enemy if you suddenly become possessed of large sums of money is... you. At least you will have the consolation of meeting your fate by your own hand. But if you can't manage it on your own, don't worry. There are any number of willing participants ready to help you start your vicious downward spiral for you. Mind you, many of these will be "friends," "friendly neighbors," or "family." Often, they won't even have evil intentions. But, as I'm sure you know, that makes little difference in the end. Most aren't evil. Most aren't malicious. Some are. None are good for you.

Jack Whittaker, a Johnny Cash attired, West Virginia native, is the poster boy for the dangers of a lump sum award. In 2002 Mr. Whittaker (55 years old at the time) won what was, also at the time, the largest single award jackpot in U.S. history. $315 million. At the time, he planned to live as if nothing had changed, or so he said. He was remarkably modest and decent before the jackpot, and his ship sure came in, right? Wrong.

Mr. Whittaker became the subject of a number of personal challenges, escalating into personal tragedies, complicated by a number of legal troubles.

Whittaker wasn't a typical lottery winner either. His net worth at the time of his winnings was in excess of $15 million, owing to his ownership of a successful contracting firm in West Virginia. His claim to want to live "as if nothing had changed" actually seemed plausible. He should have been well equipped for wealth. He was already quite wealthy, after all. By all accounts he was somewhat modest, low profile, generous and good natured. He should have coasted off into the sunset. Yeah. Not exactly.

Whittaker took the all-cash option, $170 million, instead of the annuity option, and took possession of $114 million in cash after $56 million in taxes. After that, things went south.

Whittaker quickly became the subject of a number of financial stalkers, who would lurk at his regular breakfast hideout and accost him with suggestions for how to spend his money. They were unemployed. No, an interview tomorrow morning wasn't good enough. They needed cash NOW. Perhaps they had a sure-fire business plan. Their daughter had cancer. A niece needed dialysis. Needless to say, Whittaker stopped going to his breakfast haunt. Eventually, they began ringing his doorbell. Sometimes in the early morning. Before long he was paying off-duty deputies to protect his family. He was accused of being heartless. Cold. Stingy.

Letters poured in. Children with cancer. Diabetes. MS. You name it. He hired three people to sort the mail. A detective to filter out the false claims and the con men (and women) was retained.

Brenda, the clerk who had sold Whittaker the ticket, was a victim of collateral damage. Whittaker had written her a check for $44,000 and bought her house, but she was by no means a millionaire. Rumors that the state routinely paid the clerk who had sold the ticket 10% of the jackpot winnings hounded her. She was followed home from work. Threatened. Assaulted.

Whittaker's car was twice broken into, by trusted acquaintances who watched him leave large amounts of cash in it. $500,000 and $200,000 were stolen in two separate instances. The thieves attempted to spike Whittaker's drink with prescription drugs in the first instance. Whittaker was violently allergic to the drug used, and likely would have died given the distance to the nearest emergency room, and the lateness of the hour, but, fortunately he did not consume the drink containing the narcotics. The second incident was the handiwork of his granddaughter's friends, who had been probing the girl for details on Whittaker's cash for weeks.

Even Whittaker's good-faith generosity was questioned. When he offered $10,000 to improve the city's water park so that it was more handicap accessible, locals complained that he spent more money at the strip club. (Amusingly this was true).

Whittaker invested quite a bit in his own businesses, tripled the number of people his businesses employed (making him one of the larger employers in the area) and eventually had given away $14 million to charity through a foundation he set up for the purpose. This is, of course, what you are "supposed" to do. Set up a foundation. Be careful about your charity giving. It made no difference in the end.

To top it all off, Whittaker had been accused of ruining a number of marriages. His money made other men look inferior, they said, wherever he went in the small West Virginia town he called home. Resentment grew quickly. And festered. Whittaker paid four settlements related to this sort of claim. Yes, you read that right. Four.

His family and their immediate circle were quickly the victims of odds-defying numbers of overdoses, emergency room visits and even fatalities. His granddaughter, the eighteen year old "Brandi" (who Whittaker had been giving a $2100.00 per week allowance) was found dead after having been missing for several weeks. Her death was, apparently, from a drug overdose, but Whittaker suspected foul play. Her body had been wrapped in a tarp and hidden behind a rusted-out van. Her seventeen year old boyfriend had expired three months earlier in Whittaker's vacation house, also from an overdose. Some of his friends had robbed the house after his overdose, stepping over his body to make their escape and then returning for more before stepping over his body again to leave. His parents sued for wrongful death claiming that Whittaker's loose purse strings contributed to their son's death. Amazingly, juries are prone to award damages in cases such as these. Whittaker settled. Again.

Even before the deaths, the local and state police had taken a special interest in Whittaker after his new-found fame. He was arrested for minor and less minor offenses many times after his winnings, despite having had a nearly spotless record before the award. Whittaker's high profile couldn't have helped him much in this regard.

In 18 months Whittaker had been cited for over 250 violations ranging from broken tail lights on every one of his five new cars, to improper display of renewal stickers. A lawsuit charging various police organizations with harassment went nowhere and Whittaker was hit with court costs instead.

Whittaker's wife filed for divorce, and in the process froze a number of his assets and the accounts of his operating companies. Caesars in Atlantic City sued him for $1.5 million to cover bounced checks, caused by the asset freeze.

Today Whittaker is badly in debt, and bankruptcy looms large in his future.

But, hey, that's just one example, right?

Wrong.

Nearly one third of multi-million dollar jackpot winners eventually declare bankruptcy. Some end up worse. To give you just a taste of the possibilities, consider the fates of:

Billie Bob Harrell, Jr.: $31 million. Texas, 1997. As of 1999: Committed suicide in the wake of incessant requests for money from friends and family. “Winning the lottery is the worst thing that ever happened to me.”

William “Bud” Post: $16.2 million. Pennsylvania. 1988. In 1989: Brother hires a contract murderer to kill him and his sixth wife. Landlady sued for portion of the jackpot. Convicted of assault for firing a gun at a debt collector. Declared bankruptcy. Dead in 2006.

Evelyn Adams: $5.4 million (won TWICE 1985, 1986). As of 2001: Poor and living in a trailer gave away and gambled most of her fortune.

Suzanne Mullins: $4.2 million. Virginia. 1993. As of 2004: No assets left.

Shefik Tallmadge: $6.7 million. Arizona. 1988. As of 2005: Declared bankruptcy.

Thomas Strong: $3 million. Texas. 1993. As of 2006: Died in a shoot-out with police.

Victoria Zell: $11 million. 2001. Minnesota. As of 2006: Broke. Serving seven year sentence for vehicular manslaughter.

Karen Cohen: $1 million. Illinois. 1984. As of 2000: Filed for bankruptcy. As of 2006: Sentenced to 22 months for lying to federal bankruptcy court.

Jeffrey Dampier: $20 million. Illinois. 1996. As of 2006: Kidnapped and murdered by own sister-in-law.

Ed Gildein: $8.8 million. Texas. 1993. As of 2003: Dead. Wife saddled with his debts. As of 2005: Wife sued by her own daughter who claimed that she was taking money from a trust fund and squandering cash in Las Vegas.

Willie Hurt: $3.1 million. Michigan. 1989. As of 1991: Addicted to cocaine. Divorced. Broke. Indicted for murder.

Michael Klingebiel: $2 million. As of 1998 sued by own mother claiming he failed to share the jackpot with her.

Janite Lee: $18 million. 1993. Missouri. As of 2001: Filed for bankruptcy with $700 in assets.

Mack Metcalf: $65 million. Kentucky. 2000. As of 2001: Divorced. As of 2002: Sued girlfriend for $500,000 claiming he was drunk when he gave it to her. Sued by wife for child support. As of 2003: Died of alcoholism. As of a few months later in 2003: Second wife bought a mansion with the money, collected dozens of stray cats and died of a drug overdose immediately after moving in.

I could go on quite a bit.

So, what the hell DO you do if you are unlucky enough to win the lottery?

This is the absolutely most important thing you can do right away: NOTHING.

Yes. Nothing.

DO NOT DECLARE YOURSELF THE WINNER yet.

Do NOT tell anyone. The urge is going to be nearly irresistible. Resist it. Trust me.

1. IMMEDIATELY retain an attorney. Get a partner from a larger, NATIONAL firm. Don't let them pawn off junior partners or associates on you. They might try, all law firms might, but insist instead that your lead be a partner who has been with the firm for awhile. Do NOT use your local attorney. Yes, I mean your long-standing family attorney who did your mother's will. Do not use the guy who fought your dry-cleaner bill. Do not use the guy you have trusted your entire life because of his long and faithful service to your family. In fact, do not use any firm that has any connection to family or friends or community. TRUST me. This is bad. You want someone who has never heard of you, any of your friends, or any member of your family. Go the the closest big city and walk into one of the national firms asking for one of the "Trust and Estates" partners you have previously looked up on http://www.martindale.com from one of the largest 50 firms in the United States which has an office near you. You can look up attorneys by practice area and firm on Martindale. The top 50 firms by size are:

Baker & McKenzie DLA Piper Rudnick Gray Cary Jones Day White & Case Latham & Watkins Skadden, Arps, Slate, Meagher & Flom Sidley Austin Brown & Wood Greenberg Traurig Mayer Brown, Rowe & Maw Morgan, Lewis & Bockius Holland & Knight Wilmer Cutler Pickering Hale and Dorr Weil, Gotshal & Manges Kirkland & Ellis Morrison & Foerster McDermott, Will & Emery Shearman & Sterling Hogan & Hartson Kirkpatrick & Lockhart Nicholson Graham Reed Smith O’Melveny & Myers Akin Gump Strauss Hauer & Feld Paul, Hastings, Janofsky & Walker Foley & Lardner Fulbright & Jaworski Cleary Gottlieb Steen & Hamilton Pillsbury Winthrop Shaw Pittman Dechert King & Spalding Bingham McCutchen Wilson, Elser Moskowitz, Edelman & Dicker Winston & Strawn Squire, Sanders & Dempsey Hunton & Williams Gibson, Dunn & Crutcher Orrick, Herrington & Sutcliffe Bryan Cave Vinson & Elkins Ropes & Gray Proskauer Rose Heller Ehrman Alston & Bird McGuireWoods Simpson Thacher & Bartlett Baker Botts Sonnenschein Nath & Rosenthal Debevoise & Plimpton Nixon Peabody Paul, Weiss, Rifkind, Wharton & Garrison LeBoeuf, Lamb, Greene & MacRae

2. Decide to take the lump sum. Most lotteries pay a really pathetic rate for the annuity. It usually hovers around 4.5% annual return or less, depending. It doesn't take much to do better than this, and if you have the money already in cash, rather than leaving it in the hands of the state, you can pull from the capital whenever you like. If you take the annuity you won't have access to that cash. That could be good. It could be bad. It's probably bad unless you have a very addictive personality. If you need an allowance managed by the state, it is because you didn't listen to point #1 above.

Why not let the state just handle it for you and give you your allowance?

Many state lotteries pay you your "allowance" (the annuity option) by buying U.S. treasury instruments and running the interest payments through their bureaucracy before sending it to you along with a hunk of the principal every month. You will not be beating inflation by much, if at all. There is no reason you couldn't do this yourself, if a low single-digit return is acceptable to you.

You aren't going to get even remotely the amount of the actual jackpot. Take our old friend Mr. Whittaker. Using Whittaker is a good model both because of the reminder of his ignominious decline, and the fact that his winning ticket was one of the larger ones on record. If his situation looks less than stellar to you, you might have a better perspective on how "large" your winnings aren't. Whittaker's "jackpot" was $315 million. He selected the lump-sum cash up-front option, which knocked off $145 million (or 46% of the total) leaving him with $170 million. That was then subject to withholding for taxes of $56 million (33%) leaving him with $114 million.

In general, you should expect to get about half of the original jackpot if you elect a lump sum (maybe better, it depends). After that, you should expect to lose around 33% of your already pruned figure to state and federaltaxes. (Your mileage may vary, particularly if you live in a state with aggressive taxation schemes).

3. Decide right now, how much you plan to give to family and friends. This really shouldn't be more than 20% or so. Figure it out right now. Pick your number. Tell your lawyer. That's it. Don't change it. 20% of $114 million is $22.8 million. That leaves you with $91.2 million. DO NOT CONSULT WITH FAMILY when deciding how much to give to family. You are going to get advice that is badly tainted by conflict of interest, and if other family members find out that Aunt Flo was consulted and they weren't you will never hear the end of it. Neither will Aunt Flo. This might later form the basis for an allegation that Aunt Flo unduly influenced you and a lawsuit might magically appear on this basis. No, I'm not kidding. I know of one circumstance (related to a business windfall, not a lottery) where the plaintiffs WON this case.

Do NOT give anyone cash. Ever. Period. Just don't. Do not buy them houses. Do not buy them cars. Tell your attorney that you want to provide for your family, and that you want to set up a series of trusts for them that will total 20% of your after tax winnings. Tell him you want the trust empowered to fund higher education, some help (not a total) purchase of their first home, some provision for weddings and the like, whatever. Do NOT put yourself in the position of handing out cash. Once you do, if you stop, you will be accused of being a heartless bastard (or bitch). Trust me. It won't go well.

It will be easy to lose perspective. It is now the duty of your friends, family, relatives, hangers-on and their inner circle to skew your perspective, and they take this job quite seriously. Setting up a trust, a managed fund for your family that is in the double digit millions is AMAZINGLY generous. You need never have trouble sleeping because you didn't lend Uncle Jerry $20,000 in small denomination unmarked bills to start his chain of deep-fried peanut butter pancake restaurants. ("Deep'n 'nutter Restaurants") Your attorney will have a number of good ideas how to parse this wealth out without turning your siblings/spouse/children/grandchildren/cousins/waitresses into the latest Paris Hilton.

4. You will be encouraged to hire an investment manager. Considerable pressure will be applied. Don't.

Investment managers charge fees, usually a percentage of assets. Consider this: If they charge 1% (which is low, I doubt you could find this deal, actually) they have to beat the market by 1% every year just to break even with a general market index fund. It is not worth it, and you don't need the extra return or the extra risk. Go for the index fund instead if you must invest in stocks. This is a hard rule to follow. They will come recommended by friends. They will come recommended by family. They will be your second cousin on your mother's side. Investment managers will sound smart. They will have lots of cool acronyms. They will have nice PowerPoint presentations. They might (MIGHT) pay for your shrimp cocktail lunch at TGI Friday's while reminding you how poor their side of the family is. They live for this stuff.

You should smile, thank them for their time, and then tell them you will get back to them next week. Don't sign ANYTHING. Don't write it on a cocktail napkin (lottery lawsuit cases have been won and lost over drunkenly scrawled cocktail napkin addition and subtraction figures with lots of zeros on them). Never call them back. Trust me. You will thank me later. This tactic, smiling, thanking people for their time, and promising to get back to people, is going to have to become familiar. You will have to learn to say no gently, without saying the word "no." It sounds underhanded. Sneaky. It is. And its part of your new survival strategy. I mean the word "survival" quite literally.

Get all this figured out BEFORE you claim your winnings. They aren't going anywhere. Just relax.

5. If you elect to be more global about your paranoia, use between 20.00% and 33.00% of what you have not decided to commit to a family fund IMMEDIATELY to purchase a combination of longer term U.S. treasuries (5 or 10 year are a good idea) and perhaps even another G7 treasury instrument. This is your safety net. You will be protected... from yourself.

You are going to be really tempted to starting being a big investor. You are going to be convinced that you can double your money in Vegas with your awesome Roulette system/by funding your friend's amazing idea to sell Lemming dung/buying land for oil drilling/by shorting the North Pole Ice market (global warming, you know). This all sounds tempting because "Even if I lose it all I still have $XX million left! Anyone could live on that comfortably for the rest of their life." Yeah, except for 33% of everyone who won the lottery.

You're not going to double your money, so cool it. Let me say that again. You're not going to double your money, so cool it. Right now, you'll get around 3.5% on the 10 year U.S. treasury. With $18.2 million (20% of $91.2 mil after your absurdly generous family gift) invested in those you will pull down $638,400 per year. If everything else blows up, you still have that, and you will be in the top 1% of income in the United States. So how about you not mess with it. Eh? And that's income that is damn safe. If we get to the point where the United States defaults on those instruments, we are in far worse shape than worrying about money.

If you are really paranoid, you might consider picking another G7 or otherwise mainstream country other than the U.S. according to where you want to live if the United States dissolves into anarchy or Britney Spears is elected to the United States Senate. Put some fraction in something like Swiss Government Bonds at 3%. If the Swiss stop paying on their government debt, well, then you know money really means nothing anywhere on the globe anymore. I'd study small field sustainable agriculture if you think this is a possibility. You might have to start feeding yourself.

6. That leaves, say, 80% of $91.2 million or $72.9 million. Here is where things start to get less clear. Personally, I think you should dump half of this, or $36.4 million, into a boring S&P 500 index fund. Find something with low fees. You are going to be constantly tempted to retain "sophisticated" advisers who charge "nominal fees." Don't. Period. Even if you lose every other dime, you have $638,400 per year you didn't have before that will keep coming in until the United States falls into chaos. Screw advisers and their fees. Instead, drop your $36.4 million in the market in a low fee vehicle. Unless we have an unprecedented downturn the likes of which the United States has never seen, should return around 7.00% or so over the next 10 years. You should expect to touch not even a dime of this money for 10 or 15 or even 20 years. In 20 years $36.4 million could easily become $115 million.

7. So you have put a safety net in place. You have provided for your family beyond your wildest dreams. And you still have $36.4 million in "cash." You know you will be getting $638,400 per year unless the capital building is burning, you don't ever need to give anyone you care about cash, since they are provided for generously and responsibly (and can't blow it in Vegas) and you have a HUGE nest egg that is growing at market rates. (Given the recent dip, you'll be buying in at great prices for the market). What now? Whatever you want. Go ahead and burn through $36.4 million in hookers and blow if you want. You've got more security than 99% of the country. A lot of it is in trusts so even if you are sued your family will live well, and progress across generations. If your lawyer is worth his salt (I bet he is) then you will be insulated from most lawsuits anyhow. Buy a nice house or two, make sure they aren't stupid investments though. Go ahead and be an angel investor and fund some startups, but REFUSE to do it for anyone you know. (Friends and money, oil and water - Michael Corleone) Play. Have fun. You earned it by putting together the shoe sizes of your whole family on one ticket and winning the jackpot."

From: Bou'bound
25-Feb-21
great post read it twice. thanks

From: Kevin Dill
25-Feb-21
When a check for MANY millions of dollars is handed to you, you're in business whether you recognize it or not. The money puts you under various demands and obligations. It requires your time and attention....a lot of it. Ignore the obligations and bad things begin to happen. Jack Whittaker's story is proof enough. I know a couple people who had some connections to his post-lottery spending. The man couldn't find enough ways to waste money and put himself at risk.

I knew of a guy who had a misdemeanor charge hanging over him, and he won about a million bucks in Ohio. He immediately took his 3 best friends to a Harley dealer and bought all of them (and himself) new bikes. He missed a court date and got hit with a low level felony for drug possession. Did 6 months. Came out and went through the money like water. Broke and living in a basement in under a year. That was in the '80s.

A better example was a local veterinarian who won 3 mil. He kept right on working. Took the annuity I believe, and invested it. Bought a retirement home in FL later on and moved there. Lived to be old, and all his kids ended up with nice inheritances. You would've had no clue he hit the lottery.

From: Fuzzy
25-Feb-21
Sandbrew I know Mr Whittaker well. He lived a few miles from me. I thought he was a jerk before winning, now all I can do is pity him. Everything you've said is accurate and more.

25-Feb-21
buy fields and plant corn

From: Rupe
25-Feb-21
Sand brew, I read the article carefully and found numerous faults in it. The author had a personal bias and went for it. A few glaring details

“ Nearly one third of multi-million dollar jackpot winners eventually declare bankruptcy.”

Even if true that means the vast majority or 66% did not file bankruptcy. Second it doesn’t break down the reason those 33% did file. And it doesn’t disprove the fact that they might have filed bankruptcy even if they didn’t win the lottery.

The author also uses Whitaker as an example of what could happen when in reality the object lesson is not to repeat his various mistakes.

I think if a real analysis of the unfortunate winner’s horror stories would show these people had a train wreck coming whether they won the lottery or not. Drug use, divorce, and bankruptcy are prevalent among non lottery winner’s too especially divorce. That’s the real issue with all of his examples. We have no idea of the character of the individuals pre lottery. I find it hard to believe winning a lot of money turned people into murders, drunks, drug addicts, and so on.

As to his advice on post lottery investment. I found it to be so ridiculously condescending that I hard a hard time taking the author seriously. He definitely has a chip on his shoulder about something. Maybe he’s just a mean dude.

Winning the lottery doesn’t have to mean you’re doomed. I think reasonable people will remain reasonable and with proper advice can protect themselves and enjoy their wealth.

Lastly everything this author wrote has also happened to other wealthy people such as basketball players, football players, baseball players, professional boxers, rock stars, Actors and actresses, etc. You could substitute them with the term “lottery winner” and have the exact same story or even worse. The average professional athlete in the U.S. will make more in one season than most of us earn in our entire lives….[yet,] despite those staggering salaries, 80% of NFL players, 70% of NBA players and a very large percentage of MLB players (4x that of the average U.S. citizen) file bankruptcy within five years of retirement. Boxers also have a high percentage of bankruptcies.

And all of these people have divorce issues, drug use, criminal charges, violence, lawsuits, and so on

Those figures of financial ruin are even greater than lottery winners.

The point is it’s not the lottery, it’s character of the winner that determines how you end up after acquiring sudden wealth.

To handle wealth properly you need to realize all wealth comes from God. Trust Him and He will keep you humble and able to handle wealth no matter what the source is. Not handling wealth properly is a condition of the heart not the source of the wealth.

If I ever did win I would set up a non profit to help others, buy more land, secure my children’s future, and invest in various opportunities. The only splurge would be to buy a Pilatus PC-12 as I’m working on getting my pilot’s license

From: t-roy
25-Feb-21
I feel a little better about NOT winning, now!

Another consideration about being generous and helping out friends and family members, especially younger ones, is the distinct possibility/probability of disincentivizing their drive to be self reliant. Lots of parents seem to want to do everything for their kids, instead of letting them try (and oftentimes fail) to learn to do it themselves. IMO, one of THE best things a parent can for their kids is instill a good work ethic in them.

From: RW
25-Feb-21
Give half back to God, take care of family, disappear

From: Wild Bill
25-Feb-21
It all sounds like Political thinkers on this thread, that is, spending money they don't have.

From: LINK
25-Feb-21
Money makes you more of who you are. Who are you now?

From: TrapperKayak
25-Feb-21
New Zealand red stags...the biggest 'money' could buy... :) Once in my life I'd pay big money to hunt those giant ones just to have a rack like that. Otherwise, bow hunt cape buff, kudu, all that stuff. And then spend a summer/fall in Kamchatka and fish /hunt like there was no tomorrow. Taimen, salmon, bull moose, elk in Mongolia. Wilderness experiences forever! Moose in AK...Sheep, you name it. All after I wear my wife out traveling to her favorite places first... :) Like Italy again, GB, France. All post COVID I guess, when and if...

From: TrapperKayak
25-Feb-21
In NY, you legally 'can't not tell anyone'. The state makes your name known. Sounds like f'n NY (Cuomo run). Sucks.

From: TrapperKayak
25-Feb-21
After reading that long post above, I hope I don't win. You can't win if you don't play anyway, and I never play. :)

From: Ambush
25-Feb-21
Would it be ok to hire an assassin for a couple jobs?

From: Cornpone
25-Feb-21
Why, of course, I'd consider it my patriotic duty to give it all to the government for payment on the national debt.

From: Squash
25-Feb-21
Change my phone number.

From: Mule Power
26-Feb-21
Buy a place in Wyoming and spend half the year there. For fun find unsuspecting people in need and help them get new starts.

From: Rupe
26-Feb-21
Great sentiment Mule Power. That would be very rewarding.

From: Hopeless
26-Feb-21
Hunt mountain lion in California. (Yes, I know).

26-Feb-21
If I won the lottery I’d purchase unit 16b NM, hire a bunch of cowboys to ride the boundary, get rid of all the cows that are over grazing it, thin out the bears, and sell raffle tickets for elk hunts. I figure with that much land I ought to be able to take over the amount of tags given out every year and raffle them off to the lucky winners.

From: Paul@thefort
26-Feb-21
I would give a chunk to St. Jude's Children's Hospital ( cancer survivor), take care of my family, and then go on an extended archery Dall Sheep and moose hunt. After that, Tricia and I , a trip around the world. Leave Ft. Collins Colorado to find a better place somewhere maybe in Colorado.

From: Scoot
26-Feb-21
If I won the lottery I'd keep my job and current spending habits and just keep on going until it was all gone!

From: BIGHORN
26-Feb-21
I would do the same thing we are doing now. Except for buying a place in Budapest and spending 6 months of the year there. My wife and I are so lucky to live the way we do. Money can't make you happy, just more expensive toys.

From: Catscratch
26-Feb-21
I'd post on forums 12hrs a day. That and day drink.

26-Feb-21
I would buy lots of ranches full of elk and deer and a bunch of midwest farm ground to whitetail hunt on. then i would buy bowsite and bring back TBM and make him a moderator and sit back and watch the show!!!!

From: Zim
27-Feb-21
I would hang out at archery ranges and assert my dominance by sharing unsolicited opinions to everyone there. Ya know, become “that” guy

From: Matt
27-Feb-21
I'd buy Bowsite from Pat and kick half of you off it. ;-)

From: Fuzzy
27-Feb-21
Matt, I'll buy you the ticket if I get to stay

From: EDUDA
27-Feb-21
Buy a chunk of land to hunt bear, deer,elk, turkey. Every Christmas load a semi with toys and visit as many children’s hospitals as I can and Hope to bring joy to some kids Christmas Day. Offer free hunts to kids that need it.

From: skull
27-Feb-21

skull's embedded Photo
skull's embedded Photo
I better go check my ticket

From: Sandbrew
27-Feb-21
and don't report back and leave us all wondering........

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