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Possible winner of $258 million Mega Millions lottery jackpot found

Mega MillionsMega Millions: Possible winner of $258 million Mega Millions lottery jackpot found

Officials with the New Jersey Lottery on Wednesday announced that a person purported to be a legal representative for the winner of a massive Mega Millions drawing has come forward.

Lottery officials released few details, but said they were trying to verify the ticket was authentic.

Lottery officials also announced that the jackpot, originally believed to be worth $250 million, was actually valued at $258 million since ticket sales before the drawing Friday were larger than expected.

Besides being New Jersey's largest single-ticket jackpot, it is also the fifth-largest prize in the history of Mega Millions, which is played in California, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Texas, Virginia and Washington.

AP

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25 comments. Last comment 11 years ago by CASH Only.
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fja's avatar - gnome1

United States
Member #91
January 19, 2002
11924 Posts
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Posted: September 21, 2005, 12:38 pm - IP Logged

hasn't even claimed the ticket and this person is already making money off of it....Go figure

"Everybody has to believe in something...I believe I'll have another beer!"   = W.C.Fields                      

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23259 Posts
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    Posted: September 21, 2005, 12:41 pm - IP Logged

    Huh?

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      fja's avatar - gnome1

      United States
      Member #91
      January 19, 2002
      11924 Posts
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      Posted: September 21, 2005, 1:31 pm - IP Logged

      it went from 250 million to 258 million

      "Everybody has to believe in something...I believe I'll have another beer!"   = W.C.Fields                      

        Avatar
        New Member

        United States
        Member #21961
        September 17, 2005
        17 Posts
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        Posted: September 21, 2005, 1:42 pm - IP Logged

        He or she doesn't stop having good luck.

        By the way, good luck everyone for tonight's powerball draw.

          Avatar
          BILOXI, MISSISSIPPI
          United States
          Member #19651
          August 3, 2005
          621 Posts
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          Posted: September 21, 2005, 2:41 pm - IP Logged

          N.J. is a tax free state

            rundown99's avatar - cigar

            United States
            Member #567
            August 14, 2002
            482 Posts
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            Posted: September 21, 2005, 2:57 pm - IP Logged

            Officials with the New Jersey Lottery on Wednesday announced that a person purported to be a legal representative for the winner of a massive Mega Millions drawing has come forward.

             

            Can New Jersey lottery jackpot winners remain anonymous?

            Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

            If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

              nitabug's avatar - animaniacs07
              Madisonville Kentucky
              United States
              Member #3754
              February 18, 2004
              21 Posts
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              Posted: September 21, 2005, 3:06 pm - IP Logged

              Guys, I got a question. If a person wins MM in one state but lives in another what taxes do they pay? (excluding tax-free states) I live in KY but buy tickets in Ill.   Will I be taxed twice?

                Avatar
                Sparta, NJ
                United States
                Member #18331
                July 9, 2005
                1977 Posts
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                Posted: September 21, 2005, 3:42 pm - IP Logged

                Officials with the New Jersey Lottery on Wednesday announced that a person purported to be a legal representative for the winner of a massive Mega Millions drawing has come forward.

                 

                Can New Jersey lottery jackpot winners remain anonymous?

                NOPE. The actual person has to fill out the claim form and tax form. You do not, however, have to hold a press conference. That's why you have a lawyer negotiate things up front. Get it all checked out, the paperwork filled out, and sneak in, sign things, then get out of town. There was a winner, recently, don't remember where, who agreed to have a picture taken in the back office, then headed for the hills, The press showed after he was gone. Minimum pre-planning and every one could do the same thing.

                Cheers

                |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                I only trust myself - and that's a questionable choice

                  Avatar
                  Sparta, NJ
                  United States
                  Member #18331
                  July 9, 2005
                  1977 Posts
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                  Posted: September 21, 2005, 3:46 pm - IP Logged

                  Guys, I got a question. If a person wins MM in one state but lives in another what taxes do they pay? (excluding tax-free states) I live in KY but buy tickets in Ill.   Will I be taxed twice?

                  You'll have to check the laws. On Todds site, Maryland has a tax on out of state winners. I would imagine, unless you're awfully lucky, state tax is always applicable to your residence. There was a winner from Nj who won PB in PA, a few months ago. The article stated they paid no gambling tax in either state. I buy tickets in NY and just assume they will get their share. They always do!

                  Cheers

                  |||::> *'`*:-.,_,.-:*''*:--->>> Chewie  <<<---.*''*:-.,_,.-:*''* <:::|||

                  I only trust myself - and that's a questionable choice

                    Todd's avatar - Cylon 2.gif
                    Chief Bottle Washer
                    New Jersey
                    United States
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                    May 31, 2000
                    23259 Posts
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                    Posted: September 21, 2005, 3:50 pm - IP Logged

                    On the tax issue, if you bought in another state, you would normally pay an accumulated total of the highest of the two states. 

                    For example, you live in State A, but buy in State B.  State A has a 3% tax rate, State B has a 5% tax rate.  You would normally pay 3% to State A and 2% to State B, for a total of 5% (the higher of the two rates).

                    If your state has a higher rate than the state you bought it in, you will probably only pay taxes in your state.

                    I wonder if Jorli D has experience/expertise in this area?

                     

                    Check the State Lottery Report Card
                    What grade did your lottery earn?

                     

                    Sign the Petition for True Lottery Drawings
                    Help eliminate computerized drawings!


                      United States
                      Member #8747
                      November 16, 2004
                      213 Posts
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                      Posted: September 21, 2005, 8:55 pm - IP Logged

                      How does legal representation work? Hand over a jackpot ticket to another person in the name of anonymity?

                        Jorli D's avatar - nw saucyelf2.jpg
                        Michigan
                        United States
                        Member #2448
                        October 4, 2003
                        25876 Posts
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                        Posted: September 21, 2005, 11:03 pm - IP Logged

                        MM and PB winning tickets have to be validated in the state of purchase.  That state takes the required federal taxes off the top, your home state will tax you on the state tax portion of your winnings.  There are no states free of income tax.  There ARE states that have no sales tax, but that has nothing to do with PB or MM.  You WILL pay state and federal taxes on lottery tickets.

                          Lurk More N00b's avatar - ummm
                          USA
                          United States
                          Member #3312
                          January 10, 2004
                          35 Posts
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                          Posted: September 21, 2005, 11:07 pm - IP Logged

                          ^^^

                          I wonder about that, too. It seems that once you sign that ticket, all anonymity goes out the window. Perhaps you "Xerox" the holy hell out of your winning ticket before you hand it over in case your lawyer decides to start researching countries with which America has no extradition rights. I don't understand the whole anonymity thing anyway, as most lottery offices will release your name upon winning to prove that the program is legitimate. Is it just to keep exposure to a minimum?

                                              I like the idea of keeping a big win quiet, though. I hate that there are unsavory characters that would start eyeing your family members and wondering how much you'd be willing to pay to get them back in one piece. I know, I'm a ghoul, but am I the only one who worries about that kind of thing?

                            Todd's avatar - Cylon 2.gif
                            Chief Bottle Washer
                            New Jersey
                            United States
                            Member #1
                            May 31, 2000
                            23259 Posts
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                            Posted: September 21, 2005, 11:08 pm - IP Logged

                            Well, Jorli, afraid that's not true.  If I won Mega Millions in New Jersey, I would not pay a dime of it to the state.  Only the Feds.  We have no tax on lottery prizes in NJ.  Same goes for several other states.  See the Mega Millions and Powerball Jackpot Analysis pages at USA Mega for a breakdown.

                             

                            Check the State Lottery Report Card
                            What grade did your lottery earn?

                             

                            Sign the Petition for True Lottery Drawings
                            Help eliminate computerized drawings!