$127 million paid out to Austin trust to avoid publicity
By Todd Northrop
The Powerball jackpot-winning ticket sold in Texas for the historic Feb. 11 drawing has been claimed.
TL Management Trust, Andrew Weber, Trustee of Austin claimed the $127,046,150.05 Cash Value Option prize from the $564.1 million jackpot at Texas Lottery headquarters in Austin Friday. The claimant requested minimal publicity.
The ticket was purchased at the Appletree Food Mart, located at 893 E. Princeton Drive in Princeton. For selling the jackpot-winning ticket, the retailer is eligible for a $1 million bonus.
The massive jackpot was shared with two other winning ticket that were sold in North Carolina and Puerto Rico. Those tickets have already been claimed. (See N.C. Powerball lottery winner claims share of jackpot worth $188 million, Lottery Post, Feb. 24, 2015.)
The winning numbers drawn on Feb. 11 were 11, 13, 25, 39, and 54, with Powerball number 19.
The estimated annuitized jackpot for Saturday's Powerball drawing is now $100 million.
This is the second Powerball jackpot winner from Texas. The previous winner, Paul McDowell of Ravenna, claimed the $29,906,600.00 cash value prize from the drawing held May 29, 2013. The Lone Star Food Store #48 in Bells received a $400,000 retailer bonus for selling that ticket. (See Northeast Texas town sells winning $40 million Powerball ticket, Lottery Post, May 31, 2013.)
In addition to the jackpot-winning ticket, Texas Lottery players won three second-tier prizes worth $1 million or more in the Feb. 11 drawing. Plano resident Harold Laufgraben claimed a second-tier winning ticket worth $1,000,008 purchased in Euless. Fort Worth resident Minh Quang Tran and Lev. P. Fisher of Houston claimed second-tier winning tickets worth $1 million each.
Powerball jackpots start at $40 million and roll until the jackpot is won. Players win the jackpot by matching the five white ball numbers (1-59) and the red Powerball number (1-35).
There are eight other ways to win non-jackpot prizes ranging from $4 to $1 million or up to $2 million if the ticket includes Power Play. The overall odds of winning a prize in the game are approximately one in 31. The overall odds of winning the jackpot prize are one in 175,223,510.
"$127 million paid out to Austin trust to avoid publicity." Looks like winners really don't want the media to plaster their face and name and everything every where.
Final share? Has the winner from Puerto Rico claimed as well? I must have missed that story.
They claimed anonymously.
So only the NC winner came forth both before validating the ticket as well as afterward. I hope she has moved from her previous residence!
Hope they have lots of fun with their money! Congrats to the winner or winners. It's pretty smart to collect in a trust with all that money.
I agree it was a good move on their part. Congratulations to the members of the trust enjoy your wealth.
Wonder how fast the money will get eaten up from either the healthcare fine, or health insurance.
Can you please show us where it says that "they claimed anonymously" since I totally missed it. Did they avoid the initial 25% fed tax withholding?.
http://www.ibtimes.com/powerball-puerto-rico-why-its-legal-win-there-1814786 This issue of Puerto Rico winning a 3rd. of the PB jackpot, has generated a lot of hysteria on twitter and elsewhere. Some members of the dept. of revenue in PR, are not even sure if they are supposed to withhold fed. income tax on this windfall, since PR is exempt from fed income tax. The beat goes on and on.
http://www.nbcnews.com/news/latino/puerto-rico-powerball-winner-claims-prize-chooses-stay-anonymous-n309121
No mention of taxes though
Very smart move having a Trust claim the money. And they even kept quiet about it until the ticket was turned in. Are you reading this North Carolina girl, mother of four? (probably not; too busy giving interviews)
I wonder why you are bringing up a subject that is not mentioned anywhere in this story.
How about this smart winner, choosing to set up a trust in Texas.
This winner is already starting out on the right track.
So winners can claim anonymously in Texas?