Life after winning a million dollars
Auburn resident shares how hitting the jackpot changed everything
After hitting a $1.6 million jackpot, there really is no place for Sue Nott like her new home. In August, the Auburn resident won big money playing a five-cent “Wizard of Oz” slot machine at Thunder Valley Casino in Lincoln. Since then Nott has paid $300,000 cash for a new home, honored a promise to buy her friend a new car, set aside $200,000 for her children’s futures and ended a three-year legal battle that had plagued her. “I believe it was divine intervention,” Nott said of her win. On that fateful Aug. 4, Nott decided to stop in at the casino on her way to her federal government job down in Sacramento. That morning Nott said she woke up in her 650-sqaure-foot home and had a “powerful” feeling about the “Wizard of Oz” machine. That feeling proved correct. She took two $100 bills to a machine. After a few plays she was in shock to see she hit the progressive $1.6 million jackpot. “Everybody started to run to me and then ‘Somewhere Over the Rainbow’ started playing,” Nott recalled. Jackie Nott, Nott’s 23-year-old daughter, said she had two missed calls from her mom that day. When she called her back, she couldn’t believe what she heard. “I thought she was lying,” Jackie Nott said. A few days later not only was Sue Nott and her family and friends escorted via limousine to a multi-course formal dinner celebration at Thunder Valley Casino, Sue Nott bought a house. Her husband, Richard, found a home online with a nice view of a creek running behind it. Sue Nott knocked on the door, the homeowners let her in and then everything “fell into place.” “I’m in seventh heaven,” Sue Nott said in her new 1,500-square-foot Auburn home. Jenifer Gee can be reached at jeniferg@goldcountrymedia.com.
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In August, Auburn resident Sue Nott hit a $1.6 million jackpot on a five-cent Wizard of Oz slot machine at Thunder Valley Casino. Nott opted for the cash buyout, which left her with $1.1 million. She’s set aside about $544,500 to pay the 49.5 percent income tax and spent the rest on herself, her friends and her family. Here is a list, by the numbers, of Nott’s purchases: $300,000 – A 1,500-square-foot Auburn home $200,000 – Put into savings for her two children, Jackie, 23, and Wes, 25 $3,000 – custom-made ruby slipper necklace to remember her win $3,000 – new mattress $1,700 – Big screen TV $500 – For a new grey kitten for her daughter that was also a donation to the Animal Rescue Foundation $45 – For a ring that she had wanted to buy before she hit the jackpot. Other items: A Toyota Prius she promised to buy for her friend, Jeanne Woodcock of Lincoln, if she ever won big Gave donations of about $5,000 or $10,000 to various relatives in need
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Nice job Sue, congrats!
Good job.....
I love this story. Congrats!
wow !!... how neat !!!
GOOD FOR YOU!! I LOVE THIS STORY!!
There's always more to every story. What was that 3 year legal battle?????
Great job,Im glad you are having fun! I guess i was surprised that the the state and feds made out almost as much as she did...
Good story. Now what about the shots fired story in Rocklin?
auburnite,
This is what people who make big money pay in taxes. The only reason it surprises folks is because most wage earners have their taxes withheld, and they don't really look seriously or closely at that number.
If everyone had to actually write a check to the Franchise Tax Board and the U.S. Treasury for income and S.S. tax, you'd see a lot of very unhappy people.
Having taxes withheld from your paycheck is a lot like cooking a live frog beginning with cold water.
You don't realize that you're getting cooked until it's too late!
I am happy for her that she was able to do what she did with her money. I would have retired :-)
I'm glad to see she did some SENSIBLE stuff with her money.
Observer,
I would have bought as much real estate as I could afford with those winnings and then lived off the rental income for the rest of my life.
Why eat the goose that lays the golden eggs? Living off the winnings would be the equivalent action.
Sue, congratulations on your good fortune. You have a very nice smile! ;-)
Get a trusted financial advisor to help you manage the balance. I believe in Edwards Jones investments and no I do not work for them. I would purchase tax free bonds, other low risk options, great time to buy rentals and keep no more than the FDIC covers against bank failure in any one bank. ( http://www.fdic.gov/ ) If handled properly your winnings should take care of you for the rest of your life. Be careful about needy relatives and/or friends who suddenly reappear in your life. This is not financial advice and only my opinion.
Congratulations. I hope you live a long & happy life! :-}
I volunteer for the rescue organization that received the $500 for the kitten. That was a wonderful thing!! Thank you!!
The 3 year legal battle was the nightmare Sue had to endure defending the 650 sq foot home she grew up in against the thief who scammed her 94 year old step-mother out of everything she owned! John Rose portrays himself as a financial advisor and steals from the elderly! This is not hearsay, the lawsuit results are public record.