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$117 million S.D. Powerball winner contacts Lottery

PowerballPowerball: $117 million S.D. Powerball winner contacts Lottery

The South Dakota Lottery was contacted Tuesday by a Pierre lawyer representing someone who claims to have the winning Powerball lottery ticket worth nearly $117 million.

"The attorney has shared some information about the ticket, some unique information about the ticket, that indicates it is likely a legitimate claim," said Mike Mueller, state lottery advertising and public relations director.

The winning ticket for the May 17 drawing was sold in South Dakota's capital city, but no one has yet come forward to claim the prize.

Mueller said lottery officials on Tuesday provided the attorney with information to help the potential winner start making decisions about how to handle the largest jackpot ever won in South Dakota. Lottery officials explained tax information, options for taking the prize in cash or annual payments, and the time frame for claiming a prize, he said.

Mueller said the potential winner still may not step forward right away.

"It still could be some time. It sounds like they are being deliberate in the decisions they are making by having the attorney contact us, which is just fine," Mueller said. "When they are comfortable, they will come forward."

Mueller said the attorney provided no information about the winner's identity.

The winner has 180 days to claim the jackpot and will have the option of getting the $116.8 million prize in 29 annual payments or taking it in a $51.6 million lump sum.

Norm Lingle, executive director of the South Dakota Lottery, has said the lottery office is obligated to withhold 25 percent of the winnings and turn it over to the Internal Revenue Service.

The largest Powerball jackpot previously won in South Dakota was $101 million, which was shared in February 2003 by 34 Watertown factory workers and a winner in Indiana. The Watertown group received $50.9 million in that drawing.

AP

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8 comments. Last comment 11 years ago by CASH Only.
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Englewood, Colorado
United States
Member #19108
July 25, 2005
51 Posts
Offline
Posted: May 25, 2006, 4:29 pm - IP Logged

This guy is smart. He's getting an attorney and probably a financial advisor as well before going public to set everything up properly. Even if this takes weeks it's the right way to go about it.

I'd love to have his problem. 

    bellyache's avatar - 64x64a9wg

    United States
    Member #12618
    March 18, 2005
    2060 Posts
    Offline
    Posted: May 25, 2006, 4:34 pm - IP Logged

    Yeah, it seems whoever won the jackpot is taking their time and doing things right.


      United States
      Member #379
      June 5, 2002
      11296 Posts
      Offline
      Posted: May 25, 2006, 7:30 pm - IP Logged

      This guy is smart. He's getting an attorney and probably a financial advisor as well before going public to set everything up properly. Even if this takes weeks it's the right way to go about it.

      I'd love to have his problem. 

      Smart if he/she/they choose lump sum. If they make the wrong choice, it would be the largest US prize to be paid through an annuity.

        Avatar
        New Member
        Enterprise, AL
        United States
        Member #33713
        February 24, 2006
        3 Posts
        Offline
        Posted: May 26, 2006, 3:40 am - IP Logged

        This guy is smart. He's getting an attorney and probably a financial advisor as well before going public to set everything up properly. Even if this takes weeks it's the right way to go about it.

        I'd love to have his problem. 

        I second that as well. Id take cash option and then setup a trust w/ Lawyer and also get a financial advisor. Then just live of the interest. Can you get an interest rate w/ a trust that you could collect every year while setting up the trust money to where i couldnt touch it till 5 or more years? Can u do that?

        EX. Say I win $4million cash after taxes and give some to family, friends & charity leaving me $3million. Id put $2.8million in a trust earning say 3% annually. Could i collect that 3% each year? Whats the best no risk fixed rate you could get? Anyone know???  Id also keep $200k up front.

          LOTTOMIKE's avatar - cash money.jpg
          Tennessee
          United States
          Member #7853
          October 15, 2004
          11338 Posts
          Offline
          Posted: May 26, 2006, 4:16 am - IP Logged

          This guy is smart. He's getting an attorney and probably a financial advisor as well before going public to set everything up properly. Even if this takes weeks it's the right way to go about it.

          I'd love to have his problem. 

          Smart if he/she/they choose lump sum. If they make the wrong choice, it would be the largest US prize to be paid through an annuity.

          my oh my.we will have to have some injuns hunt em down if they choose the dreaded annuity.


            United States
            Member #379
            June 5, 2002
            11296 Posts
            Offline
            Posted: May 26, 2006, 9:45 am - IP Logged

            This guy is smart. He's getting an attorney and probably a financial advisor as well before going public to set everything up properly. Even if this takes weeks it's the right way to go about it.

            I'd love to have his problem. 

            Smart if he/she/they choose lump sum. If they make the wrong choice, it would be the largest US prize to be paid through an annuity.

            my oh my.we will have to have some injuns hunt em down if they choose the dreaded annuity.

            There are Indians in South Dakota. Oklahoma has the highest Native American population.

              Avatar
              Bethesda, Maryland
              United States
              Member #16901
              June 6, 2005
              446 Posts
              Offline
              Posted: May 27, 2006, 3:50 pm - IP Logged

              5/26/2006

              HAPPY MEMORIAL DAY WEEKEND EVERYONE.....

              CASH N' CARRY........I understood that the State of Arizona had the Largest Indian Population because the Navajoes are the largest Tribe of Indians, w the greatest number of people and own more land in the great South West that any other Indian Tribe in the United States......


                United States
                Member #379
                June 5, 2002
                11296 Posts
                Offline
                Posted: May 27, 2006, 4:00 pm - IP Logged

                5/26/2006

                HAPPY MEMORIAL DAY WEEKEND EVERYONE.....

                CASH N' CARRY........I understood that the State of Arizona had the Largest Indian Population because the Navajoes are the largest Tribe of Indians, w the greatest number of people and own more land in the great South West that any other Indian Tribe in the United States......

                I drove through Arizona last year on my way to California. I saw an Indian route marker on I-40 for a local road. I also went to an Indian casino in Tulsa, and a "regular" one in Nevada.