I got to know a local guy who won $17 million way back in 1987. There was no lump sum offered then, so he was forced to take the 20 payment plan, or sell it to some scam company for pennies on the dollar. Still got almost a million per year before taxes. He kept working in a tool shop until he made a milestone birthday or anniversary there, to get the insurance or something. Bought a couple more small farms near his, one across the road for his daughter to rent. Sent her to college, no free lunches. The local coffee shop said he did not tip any better after, and it wasn't that good before :D
He did buy the first of the new style 1988 Chevy C/K pickups we worked on, so new that we had a tough time getting the aftermarket parts he wanted- cap, running boards, etc. His wife got a Cadillac. They waited a couple of years, then fixed up the old house pretty nice, I saw some newer tractors around. I think he was pretty good at using the farm for expenses.
I remember cleaning his truck one year, and he went to write the check for the work, his checkbook register showed he had $300K balance. He said he was keeping his most recent installment in the check book as he was trying to buy a small farm with cash as his incentive. He mentioned the fun he had dickering with car salesmen, as they usually did not recognize the dirty farmer as a guy who could probably buy the whole dealership and every car. He kept his truck for a long time, she did trade Caddys every four years or so. I'll bet he's got most of it still squirreled away today.
He said he had coached a few other winners, if you win enough to hire the accountants and lawyers you need to manage that much money, and if you can't, hire someone who can just SAY NO for you to all those "relatives and worthy causes".
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Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
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