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MONDAY, NOVEMBER 23, 2009
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SD Rancher: I Won't Squander $232M Lotto Win

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(Newser) – South Dakotan Neal Wanless has just hit it big—$232 million in lotto winnings—but he promises to be wise and generous with his newfound wealth, reports the Argus Leader. “I want to thank the Lord for giving me this opportunity and blessing me with this great fortune,” the 23-year-old rancher said. “I will not squander it.” Wanless, who lives with his parents on a 320-acre spread, plans to buy a bigger place for himself, the AP notes.

Acquaintances of the family are happy for their good fortune. “They've been real short on finances for a long time,” a neighbor said. “They are from real meager means, I guess you'd say.” But a financial planner from the Sudden Money Institute warned that hitting it big means a big change. “They've lost their peers,” she said of lotto winners. “They are substantially different from everyone that they know.” After taxes, Wanless will take home $88.5 million. He bought the ticket in a town called Winner.

Winner, S.D.
Winner, S.D.   (AP Photo)
Neal Wanless, 23, accepts a ceremonial check for winning a $232 million Powerball lottery jackpot in Pierre, S.D.
Neal Wanless, 23, accepts a ceremonial check for winning a $232 million Powerball lottery jackpot in Pierre, S.D.   (AP Photo)
Neal Wanless.
Neal Wanless.   (AP Photo)
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Reader64481089
Jun 6, 09 10:14 AM CDT
I wish him the very best of luck and I hope it all goes as planned, he is one of the few who have won who actually are beyond "needing" a miracle and he was given one after a repossession of a mobile home and struggling to keep his small ranch alive with his family. Good for him and his family. Reply
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paul123
Jun 6, 09 10:15 AM CDT
I hope he is wise with his money, and i'm sure he will be. Good for him! Pay off any debt, invest, invest some more, give some to charity and use some to have some fun. Sounds like he's set, even after taxes. Reply
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Timinator2K
Jun 6, 09 10:27 AM CDT
Just to the EXACT OPPOSITE of EVERYTHING Jack Whitaker did with his record lottery win and you and your family will do great! Good Luck!! Reply
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DomC
Jun 6, 09 11:10 AM CDT
$232 million... 88.5 million after taxes? Ouch! Still, lucky him! Reply
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martinol
Jun 6, 09 12:13 PM CDT
i thought that this is some kind of type, wth!
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