A man who won one of the largest lottery payments in U.S. history has filed a federal lawsuit against the mother of his child in an attempt to keep his identity concealed.
The man won a $1.35 billion Mega Millions jackpot earlier this year after purchasing a lottery ticket at a gas station in Lebanon, Maine. He has sued his child’s mother in U.S. District Court in Portland with a complaint that she violated a nondisclosure agreement by “directly or indirectly disclosing protected subject matter” about his winnings, court papers state.
The court papers state that the defendant in the case disclosed the information to the winner’s father and stepmother. Both the winner and the defendant in the case are identified only by pseudonyms.
Not if you want financial security until you die.
Pretty sure the math works out on even dumping the lump in a jumbo savings and giving you better dividends than the lifetime payment plan. You can obviously way outperform that with extremely stable index funds and other safe investments. You do you though
Getting a lump sum of $500m will forever alter your life for the better in the same way as receiving it over 30 years. You will have financial security for the rest of your life in either situation. Its better to receive it all in one lump sum and investing a larger portion now for bigger returns later rather than investing a sum yearly for returns you may not ever see
You might want to look up what happens to lottery winners and their money.
Are there any reports regarding 9+ figure winnings? Because I’ve definitely heard and read of 1-2 million dollar winners going broke quite quickly, but a billion dollars is an absolutely monstrous amount of money that I would struggle to spend entirely on purpose.
The resdit post referred to by the top level comment mentions that winners of very large jackpots turn up dead with alarming frequency.
Also the bigger the jackpot the more people get sued, family kidnapped, harassed, etc. A miserable existence apparently.