• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
School bus driver immediately retires after winning £80,000 lottery

Home> News

Updated 08:48 8 Sep 2023 GMT+1Published 04:37 8 Sep 2023 GMT+1

School bus driver immediately retires after winning £80,000 lottery

James Keown called up his boss and said he's not coming back.

Stewart Perrie

Stewart Perrie

A school bus driver has immediately resigned from his job after winning a lottery jackpot.

James Keown has been working for the Jefferson County Public Schools for more than a decade.

However, it seems like he will be relaxing for the foreseeable future.

He bought a ticket for the Kentucky Lottery Powerball and, incredibly, he had four white ball numbers match.

Advert

That granted him an epic prize of $50,000.

But his luck wasn't over.

Keown managed to double his winnings with a Power Play.

Kentucky Lottery Corporation

“I looked at it four times… that number’s got to change, but it didn’t,” Keown said.

Advert

“I thought I better see what I won.

"The first time, I saw I won $50,000 and then I thought, wait a minute I play the multiplier all the time, so I went back, and the multiplier was two."

He wasted no time in sorting out his immediate future.

“I called my boss on Sunday, and I told him, ‘I hit the lottery and I’m not coming back’… I loved my job, but I’d been thinking about retiring for a while," he said.

His wife Monta says she's 'over the moon' for him and what it will mean for them.

Advert

Sadly due to taxes, James won't be walking away with the full $100,000.

His prize gets reduced down to $71,500 and he said he intends to use the money to support local cat rescue shelters.

They also want to buy a lake property and enjoy the rest of their days.

The Circle K store that sold James the winning ticket will also get to pocket a 1 per cent prize of $1,000.

Joe Raedle/Getty Images

Advert

But if you thought that price reduction from taxes was bad, wait until you hear how much the winner of the $1.08 billion jackpot in July.

The winning ticket was sold at the Las Palmitas Mini Market in Southern California and the winner had two options to choose from.

They could opt between receiving the total jackpot of $1.08 billion spread across 30 annual payments or the more popular option - taking a lump sum payment of $558.1 million.

When lottery winners choose the lump sum, they have to first face a mandatory federal tax withholding of 24 percent – so then they’re left with $424.15 million.

Plus, the amount could drop as low as $351.6 million dependent on the winner’s existing taxable income.

Advert

If the winner goes with the annual payments (working out at around $36 million), they could drop to $22.68 million with the 47 percent federal marginal rate.

Featured Image Credit: Kentucky Lottery Powerball. William Thomas Cain/Getty Images

Topics: News, Good News

Stewart Perrie
Stewart Perrie

Stewart Perrie is a Senior Journalist at LADbible. Stewart has covered the conflict in Syria for LADbible, interviewing a doctor on the front line, and has contributed to the hugely successful UOKM8 campaign. He is in charge of the LADbible Australia editorial content and social presence.

X

@stewartperrie

Advert

Advert

Advert

Choose your content:

4 hours ago
  • 4 hours ago

    Strict process to be granted entry into UK's biggest swinging festival as organiser explains why it's so important

    Matt Cole and his wife Stacie are the masterminds behind Swingathon, which is returning for its fifth year this weekend

    News
  • 4 hours ago

    Woman who filmed 'Coldplay couple' reveals why she decided to share the video

    Grace Springer shared the video on TikTok on Wednesday (16 July)

    News
  • 4 hours ago

    Dad dies after being bitten by bat while trying to remove it from his home

    An investigation has been launched into the circumstances surrounding Craig Nolte's illness

    News
  • 4 hours ago

    Company releases statement after CEO was 'caught with another woman' at Coldplay concert in viral video

    Astronomer has shared a statement following the viral video

    News
  • Woman being blocked from cashing in £64 million winning lottery ticket after 'using app'
  • Brit who won £107.9 million on lottery after 'predicting it' shared surprising update on life after winning
  • Britain's youngest ever lottery winner shares life update after tragic story of winning jackpot 20 years ago
  • Dad retires immediately from his day job after winning $2.5 million lottery