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$75M Texas Lotto jackpot claimed by business partnership

Texas LotteryTexas Lottery: $75M Texas Lotto jackpot claimed by business partnership

The $75 million Lotto Texas jackpot won earlier this month was claimed by a business partnership, which can help protect the privacy of the winner.

Panjo Investments Ltd. claimed the April 7 jackpot, Texas Lottery Commission spokeswoman Leticia Vasquez said Thursday.

The winning ticket was a quick pick, meaning a computer chose the numbers.

The winner chose the cash-value option amount of $45 million. The $75 million jackpot was the largest for the Texas Lottery in the past 2 1/2 years.

John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket. Tremarcor is a general business partner of Panjo Investments Ltd., Vasquez said.

Panjo Investments, as the winner, requested minimal publicity, she said.

"This is one of those cases when someone comes in and doesn't even want to talk to us. It's a partnership inside the corporation," she said.

Vasquez said the only information the Lottery Commission can release when a winner requests minimal publicity is the winner's name and the city where he resides.

Stanford does not have a listed telephone number.

Lottery jackpot winners forming corporations is not new, Vasquez said.

"People do that for a variety of reasons," she said. "Most of them have to do with ensuring that they get the biggest bang for their buck over the longest period of time.

"Basically, they are just trying to take care of their money by claiming it through a partnership, rather than claiming such a huge prize as an individual."

The winning ticket was purchased at the Quick Mart at 2100 Marina Bay Drive in League City.

The convenience store, as the seller of the winning ticket, is eligible to receive $500,000.

That is the maximum retailer bonus for selling the winning Lotto Texas ticket.

Houston Chronicle

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31 comments. Last comment 10 years ago by nc6string.
Page 1 of 3
psykomo's avatar - animal shark.jpg

United States
Member #4877
May 30, 2004
5114 Posts
Offline
Posted: April 28, 2007, 11:15 am - IP Logged

Congrat's..!!!!!!!!!!!!

2..another..QP$

PartyJack-in-the-BoxWhite BounceBananaWhite BounceParty

and another JACKPOT bits the "DUST"

    MissNYC's avatar - diva
    Westchester, New York
    United States
    Member #49345
    January 27, 2007
    168 Posts
    Offline
    Posted: April 28, 2007, 1:08 pm - IP Logged

    It seems that a lot of lotto winners are concerned about their privacy, which makes sense, but I think they are an untapped entertainment resource. I would love to see an E, VH1, or MTV reality show that followed around a large lotto jackpot winner for the 1st year after their win. I'm 28, I work in marketing, and am in the reality show generation, so I think it would be a big hit since people are always curious about lotto winners, especially when the jackpots are very large, but I think it would only work if the winner was young, and willing to become a celebrity of course. Anyhow, I just thought I'd voice an idea.

    "If you just keep believing, that dream that you wish will come true"

    Bed

     

      tnlotto1's avatar - logo
      nashville
      United States
      Member #49896
      February 18, 2007
      1181 Posts
      Offline
      Posted: April 28, 2007, 1:22 pm - IP Logged

      It seems that a lot of lotto winners are concerned about their privacy, which makes sense, but I think they are an untapped entertainment resource. I would love to see an E, VH1, or MTV reality show that followed around a large lotto jackpot winner for the 1st year after their win. I'm 28, I work in marketing, and am in the reality show generation, so I think it would be a big hit since people are always curious about lotto winners, especially when the jackpots are very large, but I think it would only work if the winner was young, and willing to become a celebrity of course. Anyhow, I just thought I'd voice an idea.

      that is a great idea and im also 28 and i understand why people want privacy but some lotto winners really would like the reality tv fame. most of the winners are older than 28 so you may have to expand your idea to include older winners who already have families because i dont know anyone else my age or younger who plays the lottery except me. most of my friends feel like its a waste of money and i see people 40 and over who have hope to at least try buying a few tickets when the jackpot is large but finding a young jackpot winner who wants to be on tv may be hard unless you go that golds gym guy who won the lottery because he wants to be a billionaire and he is always on tv im sure he is already planning a tv show and i think he is in his mid 30's....

        pigsNtrees's avatar - pigsNtrees
        Mallorn trees of Lothlorien
        United States
        Member #26084
        November 14, 2005
        199 Posts
        Offline
        Posted: April 28, 2007, 7:35 pm - IP Logged

        Let me get this straight how does he keep his privacy when he name is revealed? Looks like much to do about nothing.

        John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket

        Quando Porca Volare!

        drunk hobbit

          MissNYC's avatar - diva
          Westchester, New York
          United States
          Member #49345
          January 27, 2007
          168 Posts
          Offline
          Posted: April 28, 2007, 7:51 pm - IP Logged

          that is a great idea and im also 28 and i understand why people want privacy but some lotto winners really would like the reality tv fame. most of the winners are older than 28 so you may have to expand your idea to include older winners who already have families because i dont know anyone else my age or younger who plays the lottery except me. most of my friends feel like its a waste of money and i see people 40 and over who have hope to at least try buying a few tickets when the jackpot is large but finding a young jackpot winner who wants to be on tv may be hard unless you go that golds gym guy who won the lottery because he wants to be a billionaire and he is always on tv im sure he is already planning a tv show and i think he is in his mid 30's....

          LOL It seems like Golds Gym is the same no matter where you live! You're right though, I don't remember someone under 30 every winning a large powerball or mega millions jackpot, but if they did, I think they'd be more interesting to watch than an older family, but hey, my family has always been nuts, so we could have probably been a show when I was a kid.

          "If you just keep believing, that dream that you wish will come true"

          Bed

           

            Badger's avatar - adu50016 NorthAmericanBadger.jpg
            Wisconsin
            United States
            Member #1303
            March 27, 2003
            1508 Posts
            Offline
            Posted: April 28, 2007, 8:58 pm - IP Logged

            It seems that a lot of lotto winners are concerned about their privacy, which makes sense, but I think they are an untapped entertainment resource. I would love to see an E, VH1, or MTV reality show that followed around a large lotto jackpot winner for the 1st year after their win. I'm 28, I work in marketing, and am in the reality show generation, so I think it would be a big hit since people are always curious about lotto winners, especially when the jackpots are very large, but I think it would only work if the winner was young, and willing to become a celebrity of course. Anyhow, I just thought I'd voice an idea.

            Definitely not.  If I won a large jp I would desire to be left alone.  I don't want my 15 minutes of fame nor dealing with nosy reporters.

            People win these things almost every week.  The winners lives are nobody's business except their own !

            ============

            How can you tell if a politician is lying?

            Answer: His lips are moving.

              psykomo's avatar - animal shark.jpg

              United States
              Member #4877
              May 30, 2004
              5114 Posts
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              Posted: April 28, 2007, 10:16 pm - IP Logged

              Definitely not.  If I won a large jp I would desire to be left alone.  I don't want my 15 minutes of fame nor dealing with nosy reporters.

              People win these things almost every week.  The winners lives are nobody's business except their own !

              really now??? do any???  of U astute "PLAYERS"

              think>>>>>>>>>>>>>>>>>JOHN can HIDE?????

              IT appears that HE is going to start a new business with a...... FAIR

              amount of CAPITAL$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

              & already has a Ltd. & now has the LLC with the mony>>>> in $IT.

              BUTTTTTTTTT & YES......................always a BUT, to anything, RIGHT?

              BUT it would be hard for a "Badger" to hide with those L@@K's!!!!!

              Badger, have YOU ever L@@Ked @ that picture on the left side of

              your..................................................................................POST????? 

                Avatar

                Honduras
                Member #20982
                August 29, 2005
                4715 Posts
                Offline
                Posted: April 28, 2007, 11:55 pm - IP Logged

                "John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket "

                What ARE THE DAMN ODDS, the President of a Corporation (Ltd/LLC) will win the lottery...Deep inside for 1 year now i was praying deep inside of me for this to never happen...It just proves the corruption.....Of all the cases where i've been paranoid about, none come close to this one...What are the odds..It just proves that they are corrupted i don't care who says what...That president did it to beat the odds...Also depends with how many tickets he did it...Because a president of a company can play more tickets, he may have a point...But if he bought only 1 single ticket...I say he did it to feel himself on top of the world, so he can later say i beat the biggest odds in the world.....All i needed now is for the president of the Texas lottery to be a hipanic women....All i need now is for the President or First Lady to win Millions of dollars in the lottery...

                Corruption everywhere....

                 

                 

                "The Truth is Out There"                        from movie "The X-Files"

                  psykomo's avatar - animal shark.jpg

                  United States
                  Member #4877
                  May 30, 2004
                  5114 Posts
                  Offline
                  Posted: April 29, 2007, 12:09 am - IP Logged

                  "John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket "

                  What ARE THE DAMN ODDS, the President of a Corporation (Ltd/LLC) will win the lottery...Deep inside for 1 year now i was praying deep inside of me for this to never happen...It just proves the corruption.....Of all the cases where i've been paranoid about, none come close to this one...What are the odds..It just proves that they are corrupted i don't care who says what...That president did it to beat the odds...Also depends with how many tickets he did it...Because a president of a company can play more tickets, he may have a point...But if he bought only 1 single ticket...I say he did it to feel himself on top of the world, so he can later say i beat the biggest odds in the world.....All i needed now is for the president of the Texas lottery to be a hipanic women....All i need now is for the President or First Lady to win Millions of dollars in the lottery...

                  Corruption everywhere....

                   

                   

                  "The Truth is Out There"                        from movie "The X-Files"

                  Thank U pumpi76:

                  YOU>>>>>>>>>SAID it WELL>>>>>>>>>>>!!!!!!!!!!!!!!!!!!!!!!!!!

                  Even a PSYKOMO....................could not say "IT BETTER THAN YOU" 

                    Avatar

                    United States
                    Member #10720
                    January 23, 2005
                    933 Posts
                    Offline
                    Posted: April 29, 2007, 10:09 am - IP Logged

                    I have better systems now than when I was 28. At that time I didn't bother much with regular numbers games like Pick-3 or Pick-4. I wanted only the big jackpot. Even though a lot of winners on jackpots are QP I STILL think that's because a lot more people PLAY QP but I wonder if there is a way to get some kind of statistics of how many people win with systems vs. QP vs. the overall "field". If (rough example) 100 players are sampled playing the same # tickets each and 80 use QP and 20 picked their #s, if 10 of the QP players won and 5 of the System players won, that should tell you something!

                    I dislike the idea of total anonymity because I like to know what the circumstances were of how the person played and what their plans are just because it make it more interesting and inspires players to keep trying.

                    As the story said, the Lottery commission can only release the NAME and CITY of the winner, but not other details such as (perhaps) how he ran in to get a lousy cup of coffee and because the girl at the counter was cute he decided to play a few Megas. I don't know if THAT will protect his privacy but it is difficult to hide tens of millions of dollars from the neighbors unless you don't spend it or if you put it into your corporate assets.

                      MissNYC's avatar - diva
                      Westchester, New York
                      United States
                      Member #49345
                      January 27, 2007
                      168 Posts
                      Offline
                      Posted: April 29, 2007, 10:47 am - IP Logged

                      Definitely not.  If I won a large jp I would desire to be left alone.  I don't want my 15 minutes of fame nor dealing with nosy reporters.

                      People win these things almost every week.  The winners lives are nobody's business except their own !

                      Like I said, the winner would have to WANT the fame that would come with a reality show. As a 28 year old from New York, I am confident if someone in their 20s won, they may not mind the spotlight that much. Remember, we live in a society that glamourizes the young, rich, and beautiful, and many young men and women of the same age are very curious what it must be like to live like them.  Plus, I wasn't talking about the people that win small jackpots almost every week, I was talking about the "what if"scenario of a 20 something year old winning a 200 million dollar or so jackpot, now that would be good tv!

                      "If you just keep believing, that dream that you wish will come true"

                      Bed

                       

                        Avatar
                        New Member

                        United States
                        Member #47881
                        November 30, 2006
                        15 Posts
                        Offline
                        Posted: April 29, 2007, 1:29 pm - IP Logged

                        "John Stanford Jr., president of Tremarcor LLC, purchased the single winning ticket "

                        What ARE THE DAMN ODDS, the President of a Corporation (Ltd/LLC) will win the lottery...Deep inside for 1 year now i was praying deep inside of me for this to never happen...It just proves the corruption.....Of all the cases where i've been paranoid about, none come close to this one...What are the odds..It just proves that they are corrupted i don't care who says what...That president did it to beat the odds...Also depends with how many tickets he did it...Because a president of a company can play more tickets, he may have a point...But if he bought only 1 single ticket...I say he did it to feel himself on top of the world, so he can later say i beat the biggest odds in the world.....All i needed now is for the president of the Texas lottery to be a hipanic women....All i need now is for the President or First Lady to win Millions of dollars in the lottery...

                        Corruption everywhere....

                         

                         

                        "The Truth is Out There"                        from movie "The X-Files"

                        Now I can't prove this at all but...it is highly likely that this is the name of the corporation that he formed to accept the winnings. It is an interesting strategy, to accept the prize in a partnership under the umbrella of a corporation. I've done hours...days...weeks even worth of research to try to find the best way to accept a prize while minimizing tax liability and keeping anonymous. Why anyone would even give their name if you provide the name of the company (being the legal entitiy to win the prize) is beyond me.

                         

                        What I've seen really smart winners do is form their company/trust/whatever, have their lawyer as trustee (if it is a trust, and named as the person accepting the winnings) and never once speak to or show up at lottery headquarters. That's what I would do.

                         

                        Then again I could be completely wrong and Tremarcor, LLC could be an existing company and he was already rich as can be.

                          Avatar
                          New Member

                          United States
                          Member #47881
                          November 30, 2006
                          15 Posts
                          Offline
                          Posted: April 29, 2007, 1:36 pm - IP Logged

                          It seems that a lot of lotto winners are concerned about their privacy, which makes sense, but I think they are an untapped entertainment resource. I would love to see an E, VH1, or MTV reality show that followed around a large lotto jackpot winner for the 1st year after their win. I'm 28, I work in marketing, and am in the reality show generation, so I think it would be a big hit since people are always curious about lotto winners, especially when the jackpots are very large, but I think it would only work if the winner was young, and willing to become a celebrity of course. Anyhow, I just thought I'd voice an idea.

                          I agree that there is certainly a market for this kind of television. I know that on the rare occasions that TLC runs their lottery documentary, that I'm sure many of us have watched, I'm glued to the TV, have it Tivo'd, and usually watch it two or three times.

                           I am 23, and have been playing since I was 21. It is true, so many people playing are in their 30's, 40's 50's and up. I'm definitely in the minority. Some of my friends play that are my age, but they are usually the kind to buy a $5 QP when the jackpot gets up there. I'm more realistic, prefer the 5/39 games, and always pick my own numbers.

                          Speaking of young people winning, check out this story. I'm usually a wealth of knowledge regarding some of the bigger winners, but here's a story I don't know anything about.  http://en.wikipedia.org/wiki/Ilya_Gamer

                           Or, if you are thinking abroad, Try this one: http://en.wikipedia.org/wiki/Lotto_Lout. I think a TV show was planned for this guy, though I'm not sure if it will air in the U.S. This is an example of poor money management.

                            RJOh's avatar - chipmunk
                            mid-Ohio
                            United States
                            Member #9
                            March 24, 2001
                            19817 Posts
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                            Posted: April 29, 2007, 1:46 pm - IP Logged

                            If a person of wealth won that jackpot they would have even more reason not to release their name to the public, too many people probably are already looking for a handout from them and winning a lottery jackpot would just attract even more people.

                            Why would anyone except the government tax departments need to know more unless they too intend to benefit from their winnings?

                             * you don't need to buy more tickets, just buy a winning ticket * 
                               
                                         Evil Looking