logo
Retired bus driver wins top prize with $1 random bet. ‘On the road to riches'

Retired bus driver wins top prize with $1 random bet. ‘On the road to riches'

Miami Heralda day ago

A retired bus driver is now 'on the road to riches' after winning the top prize in a Maryland lottery game, officials said.
He bought a Pick 5 ticket for both the midday and evening drawings at a gas station in Baltimore, officials said in a June 11 news release.
'Unlike his days of driving a bus where his numbered routes were already chosen, he had no preconceived number selections for his Pick 5 ticket,' officials said in the news release. 'He placed a $1 straight bet on a random set of numbers and now he has a $50,000 prize to celebrate.'
The former bus driver knew he'd won when he checked his ticket on the lottery app — and was 'quite happy' with the discovery, 'especially considering that his biggest Lottery prize until now was $5,000.'
He doesn't have plans for his win just yet.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

$100 million Powerball win sparks ATO, Centrelink warning for every Aussie: 'Trap'
$100 million Powerball win sparks ATO, Centrelink warning for every Aussie: 'Trap'

Yahoo

time4 hours ago

  • Yahoo

$100 million Powerball win sparks ATO, Centrelink warning for every Aussie: 'Trap'

Australians are being warned about the potential implications of winning the lottery following last night's $100 million Powerball draw. It was the biggest Powerball jackpot of 2025, and one lucky person walked away as the sole jackpot winner. However, there are a few stipulations worth considering as we get close to tax time and how a massive sum of cash like this can affect you. The Australian Taxation Office (ATO) had some handy advice. "You don't need to declare your winnings to us, and you won't pay tax on them," the tax office said. RELATED Major lottery warning after Aussie winners reveal what they spent their money on Centrelink cash boost coming from July 1 for millions of Aussies Aussie teen's job paying $300 per hour without a uni degree "But, any interest earned on the winnings will need to be included in your assessable income." If you were the sole winner of the jackpot and had it sitting in a savings account with a 5 per cent interest rate, you would generate around $5 million in just one year. Come tax time next year, you would have to pay tax on that immense amount of money. First Financial's James Wrigley told Yahoo Finance you should seek out advice from professionals if you win big as they can guide you into divvying up the money wisely before you spend it Australia doesn't always count lottery wins in its income assessment. This is because it assesses what you might earn on a regular basis and hitting the jackpot is stored under the "unlikely to happen again" and "hard to predict" categories. It's also because the money wasn't from "a service or work provided". But it depends on how you accept the payment. Lottery winners can usually either get it as a lump sum payment, or they can choose to have it spread out in regular payment intervals over several years. Services Australia will treat it as part of the income assessment if you pick the latter option because then it would be regular income, and that could drastically reduce how much Centrelink you receive. That's what happened to South Australian resident Frank Kemmler, who was kicked off his disability support pension after winning a $60,000 lotto prize. While he was stoked at the sudden influx of cash, he claimed he wasn't given an option between the lump sum or regular payments. The Adelaide man had to foot the bill for GP appointments and medication that was previously paid for by his pension. "I'm just trying to stop other people from falling into the same trap,' he told A Current Affair. 'These people that are buying these [lottery] tickets, there's no warning anywhere … to say that you're going to lose your pension. Centrelink recipients have been urged to tell Services Australia as soon as possible about their new financial situation. Even if you take a lump sum payment, your payments could still be affected. Depending on how much you win, the government body will include your lottery earnings as part of your asset test. If it's over a certain amount, combined with your other assets, your payments could be reduced or switched off. The winning numbers in Powerball draw 1517 on Thursday, 12 12 were 28, 10, 3, 16, 31, 14 and 21. The all-important Powerball number was 6. The person who won the entire $100 million jackpot purchased their ticket in Sydney's eastern suburbs. There were also six division two winners, who scored $282,415.55 each. In addition to them, there were 3,056,245 wins across divisions two to nine in the draw, and they have shared in more than $60.9 million of prize money. That's an average win of $19 each. Half of all Australian adults were expected to have bought a ticket for the megadraw. More than 10 million people bought a ticket for the last $100 million draw in November last year. If you didn't win, rest assured that scoring the grand prize has odds of one to 134 in to access your portfolio

One thing a $100 million Powerball win could buy you that's better than holidays, homes, and cars
One thing a $100 million Powerball win could buy you that's better than holidays, homes, and cars

Yahoo

time17 hours ago

  • Yahoo

One thing a $100 million Powerball win could buy you that's better than holidays, homes, and cars

Like drinking wine or watching TV, gambling on the lottery is probably a waste of time and money. But an important thing tickets buy most of us is a chance to dream about how a win could change your life. There is $100 million up for grabs in this evening's Powerball draw. The haul the winner will take home is so enormous you could retire, buy a couple of houses, a yacht, take a holiday, and still have plenty to spare. So at the risk of sounding preachy, tonight's draw is probably a good opportunity to think about one important thing — helping others. With $100 million, you could probably buy a parcel of land to prevent the extinction of an entire species, send aid overseas and save human lives, house hundreds of homeless in Australia, or set up a trust to provide long-term support to your charity of choice. There is often little information available about what happens to lottery winners, as they're generally encouraged to stay anonymous in Australia. Related: $100 million Powerball winner reveals how her life has changed A 2024 report created by The Lott, found that 5 per cent of Australian winners didn't tell anyone about their win. Roughly 40 per cent told their immediate family, and 34 per cent told only their partner. Around 40 per cent said they'd helped family and friends, but only 13 per cent said they'd given to charity. Over 50 per cent said they'd invest money in their future, 35 per cent said they'd bought a new car, and seven per cent paid off the mortgages of friends or family. A Sydney mum who won $107 million in 2019 continued working as a nurse. And while she spent money on holidays and nice wine, she also became focused on creating 'a legacy' and supporting charities in ways she couldn't before. 'Paying it forward is really important to us because if you change one person's life, you have the potential to change the whole community,' the anonymous woman said in a 2021 interview with The Lottery Corporation. 'We have already made some really important donations, and we're always thinking a lot about what we want to support next.' When the wins have been smaller, there's been more of a focus on directly helping relatives or friends. A woman from Sydney's western suburbs won over $620,000 in Lotto last Saturday and committed to buying her granddaughter a new car. In April this year, a Melbourne man who won $1.2 million said he'd give $1,000 to friends who needed help, and $100,00 to his daughter. In Victoria, back in 2021, a Whittlesea man committed to donating much of his $670,000 TattsLotto prize to charity. And a Kew grandfather said he'd donate to the Children's Hospital after winning over $830,000. While these are all happy stories, over in the United States where winners often don't have the option to stay anonymous, things don't always work out well. 😳 Lottery worker reveals one thing winner won't believe 🌏 Incredible 'life-changing' $70 million lottery call 😴 Dad claims $60m Powerball jackpot after 'vivid' dream about winning Florida man Abraham Shakespeare won the US $30 million ($46 million) state lottery jackpot in 2006. The labourer famously gave away much of his fortune after being hit up by friends and family in need of cash. 'I'd have been better off broke," he reportedly said. When he disappeared in 2009, family and friends hoped he'd fled overseas. But instead, sadly he was found dead, and his financial advisor was later convicted of murdering him. Love Australia's weird and wonderful environment? 🐊🦘😳 Get our new newsletter showcasing the week's best stories.

Retired bus driver wins top prize with $1 random bet. ‘On the road to riches'
Retired bus driver wins top prize with $1 random bet. ‘On the road to riches'

Miami Herald

timea day ago

  • Miami Herald

Retired bus driver wins top prize with $1 random bet. ‘On the road to riches'

A retired bus driver is now 'on the road to riches' after winning the top prize in a Maryland lottery game, officials said. He bought a Pick 5 ticket for both the midday and evening drawings at a gas station in Baltimore, officials said in a June 11 news release. 'Unlike his days of driving a bus where his numbered routes were already chosen, he had no preconceived number selections for his Pick 5 ticket,' officials said in the news release. 'He placed a $1 straight bet on a random set of numbers and now he has a $50,000 prize to celebrate.' The former bus driver knew he'd won when he checked his ticket on the lottery app — and was 'quite happy' with the discovery, 'especially considering that his biggest Lottery prize until now was $5,000.' He doesn't have plans for his win just yet.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store