Thursday, October 20, 2005

Senator wins Powerball Lottery

Geez. - Sen. Gregg wins $853,000 in Powerball - Oct 20, 2005:

"WASHINGTON (CNN) -- Sen. Judd Gregg won $853,492 from the Powerball lottery after matching five of six numbers in Wednesday's drawing, adding to his already sizable wealth.
'Even senators can be lucky,' he told reporters outside the D.C. Lottery claims center, where he picked up his check.
The Republican from New Hampshire -- who chairs the Budget Committee and who has a reputation as a strict fiscal conservative -- said his wife is currently remodeling their home and already has plans for the new money.
'She's already told me, 'Don't spend it. I've already got plans.''
He said he bought about $20 of tickets on Monday at a D.C. Citgo gas station as he headed from Baltimore to Washington for a Senate vote.

"I don't plan to quit my job," he said with a smile.

He will owe 25 percent in federal taxes on the $853,492. New Hampshire doesn't have state income taxes and so he will get to keep the rest.

Gregg already is a millionaire, according to personal financial records that senators are required to file annually.

His latest filing, which documents his financial records for the calendar year of 2004, shows that Gregg has assets between $2,697,000 and $9,430,000, mostly in an extensive stock and real estate portfolio."
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