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JupiterSunsation
06-05-2009, 04:26 PM
Thats it I am moving into a trailer......they are good for tornados and lottery winning......

23-year-old SD rancher claims $232.1 million Powerball win

PIERRE, S.D. – A 23-year-old rancher whose family has fallen behind in their taxes and recently had a mobile home repossessed claimed a $232.1 million Powerball jackpot on Friday, one of the largest undivided jackpots in U.S. lottery history.

Neal Wanless, who lives on his family's 320-acre ranch near Mission, S.D., bought the winning ticket in the nearby town of Winner late last month during a trip to buy livestock feed. He will take home $88.5 million in a lump sum payment after taxes are deducted.

Wanless, who did not speak publicly about the win until Friday, spoke for only a couple of minutes at a ceremony Friday, reading a prepared statement. He was wearing a big black cowboy hat and had a huge grin on his face during the brief ceremony.

"I want to thank the Lord for giving me this opportunity and blessing me with this great fortune. I will not squander it," he said.

Wanless said he intends to use the money to help those in need. "My family has been helped by the community and I intend to repay that help many times over."

He told lottery officials that since winning, he has spent his time preparing to bale hay and doing other jobs around his family's ranch.

Wanless said he intends to continue ranching, albeit on a larger plot of land. He said he recently told his horse, Eleanor, that "It'd be nice if we go for a longer ride than usual on a bigger ranch of our own."

Wanless' is among the highest undivided lottery jackpot wins in U.S. history. An Oregon family turned $40 worth of tickets into $340 million Powerball prize in 2005, and at least four other winners won larger jackpots than Wanless'.

Friends and neighbors described the Wanlesses as a hardworking family with little money.

"I hope they enjoy their money," said county assessor Cathy Vrbka, a family friend. "They work hard, backbreaking hard work."

Dave Assman, who owns farmland next to the Wanless' ranch, said he's happy they won't have to worry about money again.

"They've been real short on finances for a long time," Assman said. "They are from real meager means, I guess you'd say."

The Wanlesses raised cattle, sheep and horses on their ranch is in eastern Todd County, the nation's seventh-poorest county in 2007, according to the U.S. Census Bureau. Much of the county is tribal land governed by the Rosebud Sioux Tribe.

But neighbors said Arlen Wanless, 54, has made a living in recent years mainly by buying and selling scrap metal.

Dan Clark, an auctioneer from Winner and a friend of more than two decades, said Arlen Wanless helped him at many auctions by buying things no one else wanted.

"Over the last 20 years, Arlen's bailed me out a lot of times," Clark said.

He said Arlen Wanless had trouble earning money when the price of iron dropped.

Todd County records show that the family owes $3,552 in property taxes on the 360 acres of land for taxes payable in 2007, 2008 and 2009. The family had a mobile home repossessed last year.

Since word spread that the Wanless family had won the lottery jackpot, the gate to the dirt driveway that leads to the family home has been closed and padlocked.

The winning ticket was purchased at the Ampride convenience store, which will get a $50,000 bonus for selling the lucky ticket. Sharon Ulmer, manager of the store said she is glad the Wanless family won.

"From what I understand they don't have a lot, so the money definitely went to a good place," Ulmer said. "I know it went to a good home. They can use it."

JupiterSunsation
06-05-2009, 04:28 PM
Wonder if the neighbor.......Dave Assman is the local Clay Austin....

Ratickle
06-05-2009, 04:29 PM
He will take home 88 mill from 232 mill. Nice.........


Taxes gettin a little high ya think??????

JupiterSunsation
06-05-2009, 04:47 PM
He will take home 88 mill from 232 mill. Nice.........


Taxes gettin a little high ya think??????

No the 232 number is an annuity return after 30 years, the cash value/ today value is about 50%. So if you want the 232 it is over 30 years, the cash value today is about 116mm so tax that at 35% (currently federal highest bracket until Obama gets his way) and that is what he is leaving with.

The lottery usually withholds only 28%, you being on the hook later for the other 7%.

glassdave
06-05-2009, 04:59 PM
88 mil still dont suck though . . . :D

Wrinkleface
06-05-2009, 05:42 PM
he will take home 88 mill from 232 mill. Nice.........


Taxes gettin a little high ya think??????

bs!!!!

Scarab KV
06-05-2009, 05:52 PM
I'd have no problem tak'n it. With that kinda cash, I'd consider replacing my 8-track with one of dem dare cassette thingy-ma-giggies.:D

03darkshadow
06-05-2009, 06:21 PM
I'd have no problem tak'n it. With that kinda cash, I'd consider replacing my 8-track with one of dem dare cassette thingy-ma-giggies.:D


a cassette? whats that? :rofl:

i say we go steal his lotto winnings. :biggrinjester:

Buoy
06-05-2009, 06:26 PM
i say we go steal his lotto winnings. :biggrinjester:

I imagine there are a lot of people on welfare that feel they deserve a piece of it.

Wrinkleface
06-05-2009, 06:26 PM
I'd have no problem tak'n it. With that kinda cash, I'd consider replacing my 8-track with one of dem dare cassette thingy-ma-giggies.:D

I used 2 have some good Chit on them thar 8 trackers!!!:26:

Scarab KV
06-05-2009, 06:35 PM
a cassette? whats that? :rofl:

i say we go steal his lotto winnings. :biggrinjester:

Wouldn't work....he's got the gate locked:biggrinjester:

Scarab KV
06-05-2009, 06:36 PM
I imagine there are a lot of people on welfare that feel they deserve a piece of it.

You mean the ones on Obama's plan that think they deserve more??:sifone:

Buoy
06-05-2009, 06:45 PM
You mean the ones on Obama's plan that think they deserve more??:sifone:

That would be them...

Trim'd Up
06-05-2009, 08:07 PM
I imagine there are a lot of people on welfare that feel they deserve a piece of it.
Oh don't worry, they'll get it.:ack2: I should have cashed in my 401k a couple of years ago and used half of it to buy lotto tickets. At worst I would have the same amount of money I have now.:boxing_smiley:

Buoy
06-05-2009, 08:22 PM
Oh don't worry, they'll get it.:ack2: I should have cashed in my 401k a couple of years ago and used half of it to buy lotto tickets. At worst I would have the same amount of money I have now.:boxing_smiley:

very true.

cosmic12
06-05-2009, 09:45 PM
I guess they didnt see my sig line:( I thought for sure that ticket was mine:drool5:

03darkshadow
06-05-2009, 11:01 PM
I imagine there are a lot of people on welfare that feel they deserve a piece of it.



we're hard working american's, F*ck the as*holes who dotn work and dont even want to try to find a job.

03darkshadow
06-05-2009, 11:01 PM
Wouldn't work....he's got the gate locked:biggrinjester:



we'll jump it. :rofl:

MarylandMark
06-06-2009, 03:44 PM
Thats it I am moving into a trailer......they are good for tornados and lottery winning......

I tried that- didn't work

JupiterSunsation
06-06-2009, 04:42 PM
I tried that- didn't work

................didn't work.........yet!

Perlmudder
06-07-2009, 11:02 PM
would be nice!

MarylandMark
06-08-2009, 04:37 PM
................didn't work.........yet!

+1

Scarab KV
06-08-2009, 04:52 PM
+1

MM, you just need to call him and tell him your his long lost uncle BB:sifone: