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Iowa $16.5M Hot Lotto winner claims prize with two hours to spare

Topic closed. 41 replies. Last post 5 years ago by Iesha Kelly.

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RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19816 Posts
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Posted: December 30, 2011, 10:55 am - IP Logged

I Agree!Rdgrnr your right on the money with that one, maybe we should lobby the lottery.PatriotThumbs Up OR better yet occupy it!

Better yet, just stop buying tickets until they get the point. Thumbs Up

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


    United States
    Member #68713
    December 28, 2008
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    Posted: December 30, 2011, 11:23 am - IP Logged

    Better yet, just stop buying tickets until they get the point. Thumbs Up

    PatriotIsn't that what  a PROTEST isThumbs Up better known today as occupy.Thumbs UpYes Nod

      ressuccess's avatar - Lottery-043.jpg

      United States
      Member #93164
      June 23, 2010
      1313 Posts
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      Posted: December 30, 2011, 12:46 pm - IP Logged

      Congratulations to the winning ticket step forward.

        maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
        Massachusetts
        United States
        Member #37433
        April 14, 2006
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        Posted: December 30, 2011, 12:48 pm - IP Logged

        Waiting until 2 hours to expiry of the ticket is not very smart. What if something happened on the way that delayed the arrival to the lottery place by 2 hours? cry me a river? Waiting 2 to 3 months is smart. Less publicity and action plan in place.

        Waiting until the 11'th hour is crazy. This guy or group of people will get more publicity than they would have ever wanted.

        That money's gone fo ever

          LottoGuyBC's avatar - Lottery-050.jpg
          British Columbia
          Canada
          Member #116101
          September 4, 2011
          4033 Posts
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          Posted: December 30, 2011, 1:08 pm - IP Logged

          PatriotIsn't that what  a PROTEST isThumbs Up better known today as occupy.Thumbs UpYes Nod

          Occupy Lotto HQ in New York Hit With Stick

          "You have to be in it to win it!"

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19816 Posts
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            Posted: December 30, 2011, 1:46 pm - IP Logged

            Waiting until 2 hours to expiry of the ticket is not very smart. What if something happened on the way that delayed the arrival to the lottery place by 2 hours? cry me a river? Waiting 2 to 3 months is smart. Less publicity and action plan in place.

            Waiting until the 11'th hour is crazy. This guy or group of people will get more publicity than they would have ever wanted.

            This guy or group of people will get more publicity than they would have ever wanted.

            True but a bunch of liars and thieves were exposed when they made false claims because of them.  Now the lottery know who they are and can quickly dismiss any claims they might make in the future.

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

              Cletu$2's avatar - Lottery-050.jpg
              S.E.Iowa
              United States
              Member #120504
              December 21, 2011
              534 Posts
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              Posted: December 30, 2011, 1:57 pm - IP Logged

              This guy or group of people will get more publicity than they would have ever wanted.

              True but a bunch of liars and thieves were exposed when they made false claims because of them.  Now the lottery know who they are and can quickly dismiss any claims they might make in the future.

              True enough.

                s5thomps's avatar - Lottery-033.jpg
                Hard Luck, Ak
                United States
                Member #23472
                October 13, 2005
                275 Posts
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                Posted: December 30, 2011, 2:30 pm - IP Logged

                Waiting until 2 hours to expiry of the ticket is not very smart. What if something happened on the way that delayed the arrival to the lottery place by 2 hours? cry me a river? Waiting 2 to 3 months is smart. Less publicity and action plan in place.

                Waiting until the 11'th hour is crazy. This guy or group of people will get more publicity than they would have ever wanted.

                Maybe they have a story similar to the one in the Hallmark movie "Lucky Numbers". I'm sure that once the story got out that the ticket was about to expire there was a frantic search through old lottery tickets! "Better late than never! but never late is better! I'd rather find an old ticket and claim in the 11th hour than to never claim at all. At least the money won't go back to the state.

                                                                                   Cheers

                "We make a living by what you get, You make a LIFE by what you give!"

                                                                               Sir Winston ChurchillSun Smiley

                  HaveABall's avatar - rocket

                  United States
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                  March 18, 2009
                  1227 Posts
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                  Posted: December 30, 2011, 2:56 pm - IP Logged

                  Better yet, just stop buying tickets until they get the point. Thumbs Up

                  I'm glad that this jackpot, sole-winning, ticket got validated and will soon be after taxes paid off to the ticket claimant(s). Sleep

                  Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                  Disney

                    Captain Lotto's avatar - CaptLotto
                    Jefferson City, MO
                    United States
                    Member #55250
                    September 20, 2007
                    97 Posts
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                    Posted: December 30, 2011, 5:19 pm - IP Logged

                    In the past, most states used unclaimed prizes for promotions and such. Many state legislatures have redirected those funds to the beneficiary proceeds fund.

                    Captain Lotto

                    "Every day is a good day!"

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                      Monkey Butt, USA
                      United States
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                      August 23, 2007
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                      Posted: December 30, 2011, 11:08 pm - IP Logged

                      Includes video report

                      Updated Dec. 31, 2011, 8:04 am, to include press conference video

                      The winning ticket for a $16.5 million lottery jackpot was turned in Thursday less than two hours before it expired, the head of the Iowa Lottery said.

                      Lottery officials tried for months to urge the winner to come forward and claim the prize. Iowa Lottery Chief Executive Terry Rich said the reminders "worked as we had hoped, and brought in the winner just in time."

                      The identity of the Hot Lotto winner, and the story of why the winner waited so long to turn in the ticket, are still a mystery for now. Rich said the ticket was presented to the lottery Thursday by a representative of a Des Moines, Iowa, law firm on behalf of a trust.

                      "We look forward to learning the details we've all been wondering about these many months," Rich said. "Every winner's situation is different, and it's always fun to hear the story."

                      Until Thursday, all officials knew was that the $1 ticket was bought at a QuikTrip in Des Moines on Dec. 29, 2010. Odds of winning were 1 in 10.9 million, said Mary Neubauer, a spokeswoman for the state lottery.

                      The money will not be paid to the winner until the lottery can complete the standard security process for a jackpot win. Rich said additional security is now required because more than half the prize-claim period for the jackpot expired.

                      As the 4 p.m. Thursday deadline loomed, the Iowa Lottery received an increasing amount of calls, Neubauer said Wednesday night.

                      Some of the calls were from people who said they may have lost the ticket, or put it through a washing machine, she said. The callers are walked through a series of questions to determine whether they may indeed be the winner.

                      Other calls, she said, were from people who believe in the power of their own creativity. Once told they could not have been the winner, they would call back again and again, each time with a different story, she said.

                      The call from the law firm to claim the prize is not the first time a lawyer has come forward on behalf of a client about this jackpot, Rich said, but in none of the other cases did those involved have a winning ticket.

                      Another lottery winner wasn't so lucky earlier this week. Monday, a $77 million lottery ticket went unclaimed in Georgia.

                      If the Iowa prize had gone unclaimed, the money would have returned to the 15 lotteries that offer the game, in proportion to the percentage of sales that came from each state. Rich said Iowa would have gotten back about $1.3 million, which they would have put into the prize pools for future games.

                      The Iowa winner will pay 25% in federal taxes and 5% in state taxes, Neubauer said.

                      40qKyesnvhMThe winning ticket for that unclaimed Hot Lotto jackpot was turned in just in the nick of timeWith less than two hours to go before the big prize would expire, the winning ticket for the Hot Lotto jackpot won in December 2010 in Des Moines was turned in at the Iowa Lottery.https://img.youtube.com/vi/40qKyesnvhM/1.jpghttps://youtu.be/40qKyesnvhM

                      The money will not be paid to the winner until the lottery can complete the standard security process for a jackpot win. Rich said additional security is now required because more than half the prize-claim period for the jackpot expired.

                      Not understanding the last sentence.

                      Why would additional security be needed because of the late claim period?

                      What questions will be asked that would not have been asked had this person decided to cash the ticket in earlier?

                        LottoGuyBC's avatar - Lottery-050.jpg
                        British Columbia
                        Canada
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                        September 4, 2011
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                        Posted: December 30, 2011, 11:48 pm - IP Logged

                        additional security is now required because more than half the prize-claim period for the jackpot expired.

                        yeah that doesn't make sense

                        maybe they don't want to pay What?

                        "You have to be in it to win it!"

                          dpoly1's avatar - driver
                          PA
                          United States
                          Member #66141
                          October 16, 2008
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                          Posted: December 31, 2011, 10:54 am - IP Logged

                          It is stupid to wait to claim. Money could have been invested!

                            Cletu$2's avatar - Lottery-050.jpg
                            S.E.Iowa
                            United States
                            Member #120504
                            December 21, 2011
                            534 Posts
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                            Posted: December 31, 2011, 11:16 am - IP Logged

                            It is stupid to wait to claim. Money could have been invested!

                            I'm guessing that they were trying/hoping to remain anonymous and the lawyers spent the year trying to find a way for them to remain anonymous.They probably set up a trust in New York,with New York lawyers doing that work and the Iowa lawyers were sent to claim the jackpot.I can see lots of headaches taking place,what with all of the lawyers involved trying to find a way to keep the lid on the whole thing.They finally came down to the last hours and decided it was "now or never" and went ahead and claimed it.Now its wait and see if the lawyers knew what they were doing.I hope for the winners sake that the lawyers did!

                              Avatar
                              MI
                              United States
                              Member #20229
                              August 14, 2005
                              59 Posts
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                              Posted: December 31, 2011, 11:31 am - IP Logged

                              Did anyone else also notice that because they waited so long the, annuity amount actually went down from 16 to 14 million. Who is their investment adviser? Madoff?

                               

                              Also agree that any unclaimed prize money should be rolled into the current drawing amount. Why should the states get all that money?