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Record Powerball jackpot won by 1 ticket

Topic closed. 233 replies. Last post 3 years ago by jamella724.

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ressuccess's avatar - Lottery-043.jpg

United States
Member #93164
June 23, 2010
1313 Posts
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Posted: May 20, 2013, 12:56 pm - IP Logged

Congratulations to the jackpot winner in Florida. This will be part of my current event. What do you think about my comment?

    Arrowhead's avatar - underground
    Ohio
    United States
    Member #120754
    December 27, 2011
    294 Posts
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    Posted: May 20, 2013, 1:34 pm - IP Logged

    I wasn't aware that a trust couldn't be formed after a prize was won. There have been many winners that have claimed their prize under a trust so perhaps some states are willing to bend the rules?

    Many jackpots through the years in both national big-game lottos and state ones have been claimed in some form of trust after a winning drawing. In Ohio alone there have probably been several dozen.

      Jill34786's avatar - Lottery-006.jpg
      Windermere, FL/Franklin, TN
      United States
      Member #50210
      March 1, 2007
      843 Posts
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      Posted: May 20, 2013, 1:41 pm - IP Logged

      Many jackpots through the years in both national big-game lottos and state ones have been claimed in some form of trust after a winning drawing. In Ohio alone there have probably been several dozen.

      That was my understanding as well. I was just responding to someone who mentioned that most states do not allow a trust to be formed adter having won a large prize.

      I thought perhaps it was something new that was just implemented.

        Arrowhead's avatar - underground
        Ohio
        United States
        Member #120754
        December 27, 2011
        294 Posts
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        Posted: May 20, 2013, 3:30 pm - IP Logged

        That was my understanding as well. I was just responding to someone who mentioned that most states do not allow a trust to be formed adter having won a large prize.

        I thought perhaps it was something new that was just implemented.

        Yep.

        For 20-25 years, before the advent and popularity of PB and MM, Ohio Lotto main game was won every few weeks on average, 'modest' prizes usually between $4-16 million. Many of those were claimed through some form of a trust.

          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: May 20, 2013, 3:45 pm - IP Logged

          For those wondering, I have confirmed the final cash value of the jackpot — $370.9 million.  (Exactly $370,896,780.54.)

           

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

           

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

            Matsy's avatar - binary
            Atlanta, GA
            United States
            Member #61397
            May 21, 2008
            51 Posts
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            Posted: May 20, 2013, 3:48 pm - IP Logged

            Congratulations to someone and family.  You have truly been blessed!  Party

              BuyLow's avatar - palm tree.jpg
              Florida
              United States
              Member #61435
              May 22, 2008
              906 Posts
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              Posted: May 20, 2013, 3:49 pm - IP Logged

              Yes, In FL you can claim with a trust all day long.  Catch is they list the trustee of the trust as well as the name of the Trust.  Wonder if you could have an LLC or a Corporation as the trustee, or if it has to be a person?

                Avatar
                New Member

                United States
                Member #51273
                April 3, 2007
                12 Posts
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                Posted: May 20, 2013, 4:09 pm - IP Logged

                I would take the annuity. Judging from the payout table, it's good enough for me.

                Year     %       Prize B4 Taxes
                01     1.78%     10,528,674
                02     1.85%     10,949,821
                03     1.93%     11,387,814
                04     2.01%     11,843,326
                05     2.09%     12,317,059
                06     2.17%     12,809,742
                07     2.26%     13,322,132
                08     2.35%     13,855,017
                09     2.44%     14,409,217
                10     2.54%     14,985,586
                11     2.64%     15,585,010
                12     2.74%     16,208,410
                13     2.85%     16,856,746
                14     2.97%     17,531,016
                15     3.09%     18,232,257
                16     3.21%     18,961,547
                17     3.34%     19,720,009
                18     3.47%     20,508,809
                19     3.61%     21,329,162
                20     3.76%     22,182,328
                21     3.91%     23,069,621
                22     4.06%     23,992,406
                23     4.23%     24,952,102
                24     4.39%     25,950,187
                25     4.57%     26,988,194
                26     4.75%     28,067,722
                27     4.94%     29,190,431
                28     5.14%     30,358,048
                29     5.35%     31,572,370
                30     5.56%     32,835,265
                     100.00%   590,500,029

                How much do we knw about the Multi-State Lottery System ("MUSL") ?

                I do not see any audited financials linked to there Website.

                Does an annuity winner have any input into the securities purchased?

                I have no reason to doubt their honesty and ability to meet their obligations.

                A few names to consider Bernie Madoff, Enron, Lehman Brothers, and World Com.

                One thing for sure the states are not going to make up for any shortfall in order to pay a millionaire!!!

                  ashabug725's avatar - Yavill
                  Indiana
                  United States
                  Member #122868
                  February 9, 2012
                  322 Posts
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                  Posted: May 20, 2013, 4:16 pm - IP Logged

                  That was my understanding as well. I was just responding to someone who mentioned that most states do not allow a trust to be formed adter having won a large prize.

                  I thought perhaps it was something new that was just implemented.

                  My understanding was (of that comment) that one couldn't claim the jackpot as a blind trust unless it was established before the drawing... Maybe I was off? :-/

                  I wish I may, I wish I might...
                             Win the Powerball jackpot THIS big night!!!

                    whiteballz's avatar - Lottery-015.jpg
                    Nutley, New Jersey
                    United States
                    Member #131058
                    August 1, 2012
                    875 Posts
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                    Posted: May 20, 2013, 4:36 pm - IP Logged

                    Congratulations to the jackpot winner in Florida. This will be part of my current event. What do you think about my comment?

                    i think your comment is wonderful. Cool

                    .

                      rdgrnr's avatar - walt
                      Way back up in them dadgum hills, son!
                      United States
                      Member #73904
                      April 28, 2009
                      14903 Posts
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                      Posted: May 20, 2013, 5:06 pm - IP Logged

                      Congratulations to the jackpot winner in Florida. This will be part of my current event. What do you think about my comment?

                      That is one fine comment.

                      It would be very hard to improve on that one.

                      I think I'm going to bookmark it for future reference.

                        rdgrnr's avatar - walt
                        Way back up in them dadgum hills, son!
                        United States
                        Member #73904
                        April 28, 2009
                        14903 Posts
                        Offline
                        Posted: May 20, 2013, 5:14 pm - IP Logged

                         Should I be worried? I read from SomethingAwful forum that the town the PB was one is practically straight outta Deliverance.

                        "Should I be worried?"

                        Yeah, they like Chinamen down there.

                        So be careful.

                          redhot7's avatar - SetforLifeLogo
                          California
                          United States
                          Member #112364
                          June 17, 2011
                          661 Posts
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                          Posted: May 20, 2013, 6:18 pm - IP Logged

                          How much do we knw about the Multi-State Lottery System ("MUSL") ?

                          I do not see any audited financials linked to there Website.

                          Does an annuity winner have any input into the securities purchased?

                          I have no reason to doubt their honesty and ability to meet their obligations.

                          A few names to consider Bernie Madoff, Enron, Lehman Brothers, and World Com.

                          One thing for sure the states are not going to make up for any shortfall in order to pay a millionaire!!!

                          From what I understand, MUSL invests lottery money in low risk more secure investments, like US Government Bonds and not higher risk like the one made by Madoff or Enron.

                          Remember, they invest the whole lump sum and with that and the interest they made, they only give you little by little each year for  30 years. So, they have plenty of time to meet their obligation.

                            redhot7's avatar - SetforLifeLogo
                            California
                            United States
                            Member #112364
                            June 17, 2011
                            661 Posts
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                            Posted: May 20, 2013, 6:23 pm - IP Logged

                            For those wondering, I have confirmed the final cash value of the jackpot — $370.9 million.  (Exactly $370,896,780.54.)

                            The winner better acts quickly. They only have 2 months from the draw date if they want the cash option.

                              Avatar
                              Place noon can live
                              United States
                              Member #142735
                              May 18, 2013
                              46 Posts
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                              Posted: May 20, 2013, 7:00 pm - IP Logged

                              My dream is death, my life over. spent 60 dollars only get 4 dollar back.Disapprove

                                 
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