ladbible homepage
ladbible homepage
  • iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK
    • US
    • World
    • Ireland
    • Australia
    • Science
    • Crime
    • Weather
  • Entertainment
    • Celebrity
    • TV
    • Film
    • Music
    • Gaming
    • Netflix
    • Disney
  • Sport
  • Technology
  • Travel
  • Lifestyle
  • Money
  • Originals
    • FFS PRODUCTIONS
    • Say Maaate to a Mate
    • Daily Ladness
    • UOKM8?
    • FreeToBe
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Archive
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Submit Your Content Here
  • SPORTbible
  • Tyla
  • GAMINGbible
  • LADbible Group
  • UNILAD
  • FOODbible
  • UNILAD Tech
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

google discoverFollow us on Google Discover

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.

“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.

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

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.

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

Recommended reads

Airlines will be forced to cancel flights due to fuel shortages, Government saysMateusz Wlodarczyk/NurPhoto via Getty Images‘World’s most sexually active woman’ shares how much she earns per month(Instagram/AnnieKnight)Man who attended I’m a Celeb final shares what happened off cameraTikTok/LexhartopGemma Collins' damning comment worked out as she walked off I’m a Celeb live finalITV

Advert

Choose your content:

3 hours ago
17 hours ago
  • CPS
    3 hours ago

    CCTV captures moment sister-in-law throws paint over Kent bride

    Gemma Monk's £1,800 wedding dress was ruined by her sister-in-law, Antonia Eastwood

    News
  • Instagram/@legadodeltoro
    17 hours ago

    Bullfighting deaths in Spain as iconic matador can't eat or sleep after brutal rectal goring

    Spanish matador Morante de la Puebla was badly injured during a bullfighting event in Seville

    News
  • MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images
    17 hours ago

    Only one person has been approved for Donald Trump’s $1 million Gold Card

    The cards cost $1m (£740,000) for someone trying to get one for themselves, or two million dollars for companies seeking visas for employees

    News
  • Getty Stock
    17 hours ago

    Expert explains what happens to your body and mind if you stop having sex

    Just what impact can a dry spell have on your body?

    News
  • Man found literal buried treasure when digging up his garden and officials immediately got involved
  • Dad retires immediately from his day job after winning $2.5 million lottery
  • Mum left gutted after William Hill refused to pay her £1 million winnings
  • Second family also facing struggles despite winning £191k annual salary for life in huge lottery jackpot