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Powerball winners to share the wealth
But family comes firstMay 27, 1998Web posted at: 2:08 p.m. EDT (1808 GMT) In this story:
PELL LAKE, Wisconsin (CNN) -- The Illinois couple who won a record $104.3 million in the Powerball lottery accepted a ceremonial check on Wednesday and looked forward to their first planned purchases -- a Harley-Davidson motorcycle for Frank Capaci and a Lincoln Continental for his wife, Shirley. The presentation took place outside the Lakeside Country Store in Pell City, Wisconsin. The town, in southern Wisconsin near the Illinois border, is where the winning ticket was purchased for them by a friend. Telling reporters he has more money than he could ever spend in his lifetime, 67-year-old Frank Capaci, a retired electrician from Streamwood, Illinois, near Chicago, said he will make sure his three sons and their families are financially secure.
But the family fortune won't turn the sons into instant retirees. "If they don't work, they don't get no money," the straight-talking Capaci said at a news conference. "That's a fact, Jack. And they know it." 'People are going to enjoy my winnings'Others, outside the family, would also benefit from his good fortune, Capaci said. But, he added, it would take time to sort out how to accomplish that. "People are going to enjoy my winnings," he said. "Just give me time." "The first thing I've got to do is make out a living trust," Capaci said. "If I drop dead right now, nobody's going to get nothing." "Yeah, I will," Shirley Capaci said, correcting him. The Capacis did not buy the winning "quick pick" Powerball ticket themselves. Patti Rooney, a bartender at Bill's on Bartlett, a Streamwood pizza pub where the Capacis are regular patrons, went to Wisconsin to purchase tickets for patrons who had given her money. The lottery is held in 20 states and the District of Columbia, but not in Illinois. Winners won't forget ticket-buyer and sellers
Asked if Rooney would benefit from being the buyer, Capaci said, "You betcha. I'm going to take care of her." ( He also indicated he would share some of his newfound wealth with Marion Kosirog and Pat Penio, the owners of the grocery and delicatessen where the winning ticket was purchased. But he said he needed to get his own family's affairs in order before determining how much money Rooney, Kosirog and Penio would receive.
When a reporter wondered if people were "coming out of the woodwork" in hopes of latching onto the Capacis good fortune, the new millionaire joked that he was "ready to call an exterminator." ( He said he and his family have been bombarded by letters and telephone calls from individuals and organizations seeking financial assistance. "You can't even move in my house" because of all the mail, he said. A Harley and a LincolnThe Powerball jackpot was at a record $195 million. The Capaci ticket, however, is worth $104.3 million because they chose a lump-sum payment rather than having the winnings paid out over 25 years. The $104.3 million will be reduced by a 28 percent assessment in federal taxes and 6.87 percent in Wisconsin taxes, leaving the Capacis with $67,940,000.
Among his first purchases, Capaci said, might be a 95th anniversary Harley-Davidson motorcycle. He joked that he might fit it with a sidecar, then get World War II goggles and helmet for his wife. ( But he said the realization of his instant wealth probably won't sink in until he buys his wife a luxury car to replace the "second-hand" 1979 model she once drove. Shirley Capaci, 63, who had little to say during the news conference, was emphatic about that. "The only thing I want is my new Lincoln Continental," she said. Related stories:
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