With the money this dude has, he likely WILL own houses in all those places.  

The California home could just be a drop in the bucket.

Lol. The guy spent 2.5% of his cash on a house. And a very nice house.  He’s doing just fine.

I thought it was only who holds the ticket that ultimately matters.

Nope. Some guy purchased a ticket and brought it into the store to be checked. Turned out to be a winner but the clerk did not tell him and stole the ticket and fled the US. The US Gov't went after the guy and was able to recover some money.

Doubt it.

He’s bargained on the house and it trying to stay private. Probably not a complete tard.

Even if there were zero taxes, you still don’t get the full 2.04. The full amount is based on them earning interest, more lotto drawings, etc, to be able to afford that. So you automatically only get around 50%’ish. The IRS takes 24%, but you are going to pay 38% (or whatever the top bracket is now) so he’s going to owe more money, CA will hit him for income taxes too.

I gotta be honest, this dude is stupid. I would have moved to another State, bought a home, cut all financial and property ties with CA, declared residency (FL, WY, NV) and then claimed the prize. Fuck CA and their taxes. They would probably try to come after him.

That is still a really cool house, but fuck CA, I would have had it built in a better State, with a killer view (MT or WY would be awesome, shit even parts of New England.)

He likely only got around $757mil… He’s going to owe the Fed another 13% ($129mil) and then the State of CA (128mil roughly)… So he’s taking home roughly $500mil at the end of the day. He can still afford the house. lol. With good solid financial advising and a reasonable (for that amount of money) life style, he could crawl up to be a billionaire at some point. But, he dropped $25mil inside of 30days, so he may not be too smart.

Don’t forget he likely has to furnish it and he’s not going to Ikea, he’ll need a couple of vehicles and I doubt he’s going to Kia.

He’ll start investing in stupid shit, he’ll want to be a baller, he’ll blow most all of it and maybe all of it. If he was 50-60, I’d say go for it, not at 30 though.

I say the above, because a smart person would have gotten the fuck out of CA. Go to NV, you can fly over anytime you get homesick. Iirc LAS has a flight to LA like every 30-45min, if he wants to watch his carbon footprint and not fly private.

*it said after taxes (probably the initial 24% withheld, so I’m roughly $240mil low… He doesn’t have to go to Ikea after all. lol.

LOL, IMO that as a first purchase really points on a direction  like he is off to a great start at going broke.
But might have an awesome time getting there or to an early grave

I watched some show once about lottery winners and the silly, stupid shit they did to blow all their money.

id be gone so fast there would be cartoon dust behind me and my legs would peel out.

That kind of money could cause some assholes to have a whole bunch of really bad days.

Nope to CA.  

Then it’ll be 5 of the best years ever lived on this planet.

There are worse ways to go out.  Hookers and blow.  Put that shit on my tombstone!

That dude knows.   Plus with a landowner hunting permit you could shoot mule deer and elk from your back deck.

Can you get Alexis’s phone number for me, please?

So if CA doesn't tax lotto wins, what's the deal with the $150M for the school system?

He'll have $625M after Fed taxes, and I don't see ghe feds giving $150 of their $375 take to CA.

Supposedly that's where lotto funding goes to. The state keeps a portion of the proceeds. That's why they allow running numbers, which is all lottos are.

.
Your math may be off but your prediction is spot on.

The most desirable state to live in

Texas and Montana are poop

CA taxes on income would probably keep me from buying property there. Top of my list would be MT, WY and coastal SC. Buy a ranch or larger piece of land or two. Buy a few office buildings lease most of it keep a floor for my office(s)

I'd have one house like that as an elaborate ruse. Plus you could hide in plain sight in an area like that as a joe nobody regardless of your wealth. Cali politics aside there's a ton of money there and most of those neighborhoods/police are used to dealing with lookyloos/stalkers and stuff. I mean even if the market totally collapses and he only gets 50% of what he paid in that house and if he loses everything else that's still over $12M he could get by selling it. Provided he paid cash for the thing.

I'd funnel the rest of the money through a trust(s) to make it more difficult to track me as I primarily would live elsewhere.

Correct. Tell everyone you know.

But its MY MONEY AND I WANT IT NOW!

That would be very stupid.

I'm thinking they checked the video *before* they handed over the $900+ million.

Why? Maybe the whole thing is a bit overkill if you're wanting to maximize ROI but at the very least you should put a solid chunk as a "oh i really hooker and blowed my way through everything" safety net.

Inside Billionaire Powerball Winner's Newly Purchased $25.5M West Hollywood Home

No.  Lottery tickets are a bearer instrument of sorts but possession is just one piece of the puzzle if you've got other individuals involved who can prove they bought it and/or had some kind of formal or informal contract to share winnings.

You'd have to imagine they would if it was readily available.

Everything I own is in a blind trust..nobody can find me

I would buy Tony Stewart's house..that huge Bass Pro Shop house on likev50 acres...then when tired of that..fly down to my 92' triple fly bridge Viking to play for a week...rinse repeat

Powerball winner who bagged record $2 BILLION from gas station ticket buys second California mansion for $4M, eight days after snagging $25M Hollywood Hills complex
















Continued

That’s a pretty bad ass home.

Yuck.

With that kind of money I'd be buying up retarded amounts of land but I can't see a use for that much house.  To get the proper uses out of a hooker all you need is a basement.

@John_Wayne777

Money?  Yes

Intelligence?  Not necessarily.

Idiots can and, for the most part, do win the lotto.

Another multi-million dollar pad? Hope this dude doesn't MC Hammer himself broke.