A Canadian teenager didn’t just win the lottery, she got to choose how she was paid. Which presents a dilemma …
It’s a nice dilemma to have, and quietly devastating for the rest of us who will probably never have to face such a conundrum. A Canadian teenager who won the lottery, after buying her first ever ticket to celebrate her 18th birthday, was given a choice: take home an instant C$1m, which works out at around £550,000; or receive C$1,000 (£550) a week for the rest of her life. It’s hardly Sophie’s choice.
After consulting a financial adviser, Charlie Lagarde chose the latter option. The adviser pointed out that as the allowance came untaxed, it was roughly equivalent to an annual salary of C$100,000. The Canadian economy is pretty stable, which also works in Lagarde’s favour, and the cost of living there is relatively cheap. As for pesky inflation eating away at that annual C$1,000, it’s estimated that Lagarde only has to live about 30 more years to reach $1m winnings in real terms.
A 2016 study found that lottery winners’ neighbours often ended up in financial difficulty, because they try to keep up with the spending
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PokerStars to launch in India Apr 17; will less skilful games be on the menu?
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New Jersey has a new Democratic governor, Phil Murphy, and that means a casino in north Jersey is back on the agenda. That’s according to former Democratic State Assemblyman Vincent Prieto, who is newly appointed by Murphy as president of the New Jersey Sports & Exposition Authority. Prieto told the Meadowlands Regional Chamber on Tuesday…Read More
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Nevada casinos collectively won $1,017,914,000 during February, a nearly eight percent premium on the same month in 2017. It’s the second straight month that the industry has surpassed the $1 billion mark, and the first back-to-back 10-digit performance since the ceremonial feat was accomplished in March and April of 2008. February 2018 is the 37th…Read More
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