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Florida couple claims share of historic $1.6 billion Powerball jackpot

PowerballPowerball: Florida couple claims share of historic $1.6 billion Powerball jackpot
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Includes video report

By Todd Northrop

A married couple from Melbourne Beach, Florida, have claimed their one-third share of the world's biggest lottery jackpot of all time.

Although the prize money was claimed under a trust, the winners identified themselves in a press conference Wednesday afternoon as David Kaltschmidt, 55, and Maureen Smith, 70.

The winners, originally from Long Island, New York, have been residents of Melbourne Beach since 1991. They have no immediate plans to move.

Although the annuity share of the $1.6 billion jackpot was $528.8 million, the winnings were claimed with the lump-sum cash option, which amounts to a payment of $327,835,077.79 before taxes. Maureen said that the decision to choose the cash was based on her age.

Because Florida does not impose state tax on lottery prizes, the couple only has Federal income taxes to worry about.

Lottery officials said the winners had up to 180 days to claim the $528.8 million or 60 days to take the lump sum of $327.8 million. 

The winning numbers from the Jan. 13 drawing were 4, 8, 19, 27, and 34, with Powerball number 10. The couple said they frequently shop at the Publix, located at 3830 Highway A1A in Melbourne Beach, where their winning ticket was purchased.

The historic jackpot was won by three tickets sold in California, Florida, and Tennessee. (See Record $1.6 billion Powerball jackpot won by 3 tickets, Lottery Post, Jan. 14, 2016.)

David is an employee of Northrop Grumman, a job he's held since 1980. He plans to retire, saying that instead of designing airplanes he will now concentrate on tax strategies, investments, and charities. Maureen is a homemaker.

The couple has been keeping the win a secret from everyone, including family, friends, and work, since winning the massive prize on January 13.

Keeping the secret was not easy. The first day after the win David arrived late for work, prompting employees to ask him if he was the winner. He told them he didn't purchase a ticket. (He didn't lie, because Maureen was the one who bought it.)

Finally the couple notified family members about their win about a week ago.

Their biggest concern is security, now that their identities are revealed. David said that he has been adding some security systems to the couple's home.

They refused to speak about children, citing privacy concerns. "Certain things we want to keep to ourselves," Maureen said during the press conference.

Maureen worried that she would become less friendly overall due to their security concerns. She said that winning the jackpot is "scary and unknown". She has been dreading the press conference.

The winning ticket was played with numbers that the couple has been using for the past 30 years, although not regularly.

The couple does not have immediate plans for the money, other than a new car. "My truck is falling apart, so it's time to get a new vehicle," David said.

Marueen said she has plans to "help special people in [her] life", but the only immediate plan was to get a massage.

It takes 2 days for the Florida Lottery to wire transfer the money into the winners' bank account, but they do get the entire amount in one fell swoop.

There is still one unclaimed ticket from the record Powerball drawing — the one sold in Chino Hills, California. The Tennessee winning ticket was claimed by a couple two days after the drawing. (See Tennessee couple claims share of $1.6 billion Powerball jackpot, Lottery Post, Jan. 15, 2016.)

VIDEO: Watch the press conference

1hLZGlS5VaIFlorida couple claims share of historic $1.6 billion Powerball jackpotA married couple from Melbourne Beach, Florida, have claimed their one-third share of the world's biggest lottery jackpot of all time.T14M05Shttps://img.youtube.com/vi/1hLZGlS5VaI/2.jpghttps://youtu.be/1hLZGlS5VaI2016-02-18T16:20:00-05:00

News story photo(Click to display full-size in gallery)

News story photo(Click to display full-size in gallery)

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80 comments. Last comment 9 months ago by music*.
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mypiemaster's avatar - 2015021003pileofcash
JACKPOT HUNTER

United States
Member #141034
April 2, 2013
1406 Posts
Offline
Posted: February 17, 2016, 3:12 pm - IP Logged

Thumbs UpWay to go. Does it really matter anymore, to claim via a trust in Florida when those knuckleheads are going to splash your name and pictures and the name of your trust all over the the world and parade you like cattle?. Kind of defeats the purpose!!!.

Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

    Avatar
    South Carolina
    United States
    Member #18322
    July 9, 2005
    1704 Posts
    Offline
    Posted: February 17, 2016, 3:28 pm - IP Logged

    From a distance in the picture, this lady looks good to be 70 years old [He is 55] Wonder if they are married to each other, or related, or not ??

    Florida is a Cougar StateLOL

      Avatar
      Kentucky
      United States
      Member #32652
      February 14, 2006
      7295 Posts
      Offline
      Posted: February 17, 2016, 3:31 pm - IP Logged

      Includes video report

      By Todd Northrop

      A married couple from Melbourne Beach, Florida, have claimed their one-third share of the world's biggest lottery jackpot of all time.

      Although the prize money was claimed under a trust, the winners identified themselves in a press conference Wednesday afternoon as David Kaltschmidt, 55, and Maureen Smith, 70.

      The winners, originally from Long Island, New York, have been residents of Melbourne Beach since 1991. They have no immediate plans to move.

      Although the annuity share of the $1.6 billion jackpot was $528.8 million, the winnings were claimed with the lump-sum cash option, which amounts to a payment of $327,835,077.79 before taxes. Maureen said that the decision to choose the cash was based on her age.

      Because Florida does not impose state tax on lottery prizes, the couple only has Federal income taxes to worry about.

      Lottery officials said the winners had up to 180 days to claim the $528.8 million or 60 days to take the lump sum of $327.8 million. 

      The winning numbers from the Jan. 13 drawing were 4, 8, 19, 27, and 34, with Powerball number 10. The couple said they frequently shop at the Publix, located at 3830 Highway A1A in Melbourne Beach, where their winning ticket was purchased.

      The historic jackpot was won by three tickets sold in California, Florida, and Tennessee. (See Record $1.6 billion Powerball jackpot won by 3 tickets, Lottery Post, Jan. 14, 2016.)

      David is an employee of Northrop Grumman, a job he's held since 1980. He plans to retire, saying that instead of designing airplanes he will now concentrate on tax strategies, investments, and charities. Maureen is a homemaker.

      The couple has been keeping the win a secret from everyone, including family, friends, and work, since winning the massive prize on January 13.

      Keeping the secret was not easy. The first day after the win David arrived late for work, prompting employees to ask him if he was the winner. He told them he didn't purchase a ticket. (He didn't lie, because Maureen was the one who bought it.)

      Finally the couple notified family members about their win about a week ago.

      Their biggest concern is security, now that their identities are revealed. David said that he has been adding some security systems to the couple's home.

      They refused to speak about children, citing privacy concerns. "Certain things we want to keep to ourselves," Maureen said during the press conference.

      Maureen worried that she would become less friendly overall due to their security concerns. She said that winning the jackpot is "scary and unknown". She has been dreading the press conference.

      The winning ticket was played with numbers that the couple has been using for the past 30 years, although not regularly.

      The couple does not have immediate plans for the money, other than a new car. "My truck is falling apart, so it's time to get a new vehicle," David said.

      Marueen said she has plans to "help special people in [her] life", but the only immediate plan was to get a massage.

      It takes 2 days for the Florida Lottery to wire transfer the money into the winners' bank account, but they do get the entire amount in one fell swoop.

      There is still one unclaimed ticket from the record Powerball drawing — the one sold in Chino Hills, California. The Tennessee winning ticket was claimed by a couple two days after the drawing. (See Tennessee couple claims share of $1.6 billion Powerball jackpot, Lottery Post, Jan. 15, 2016.)

      VIDEO: Watch the press conference

      1hLZGlS5VaIFlorida couple claims share of historic $1.6 billion Powerball jackpotA married couple from Melbourne Beach, Florida, have claimed their one-third share of the world's biggest lottery jackpot of all time.T14M05Shttps://img.youtube.com/vi/1hLZGlS5VaI/2.jpghttps://youtu.be/1hLZGlS5VaI2016-02-18T16:20:00-05:00

      News story photo(Click to display full-size in gallery)

      News story photo(Click to display full-size in gallery)

      The second piece of the puzzle is in and while we're waiting for the third, we can sit back and read some negative criticism the LP members suffering from jackpot envy.

      Lurking

        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: February 17, 2016, 3:36 pm - IP Logged

        From a distance in the picture, this lady looks good to be 70 years old [He is 55] Wonder if they are married to each other, or related, or not ??

        Florida is a Cougar StateLOL

        Check the second word in the story.

         

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

         

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

          HoLeeKau's avatar - YheaShea
          Idaho
          United States
          Member #94283
          July 17, 2010
          2284 Posts
          Offline
          Posted: February 17, 2016, 3:55 pm - IP Logged

          I don't get why they went public.  They obviously know the risks and are concerned about their security.  What in the world would make them wait this long to claim under a trust, then do the press conference?  Is this something Florida requires?

            lejardin's avatar - Lottery-014.jpg

            United States
            Member #118609
            November 4, 2011
            930 Posts
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            Posted: February 17, 2016, 4:04 pm - IP Logged

            Did they use the same lawyer from Tennessee?  Let's go public to control the interest lol. 

            Why go to a claiming conference if you took the time to set up a trust?

            Oh and let me be the first to admit to jackpot envy.

              Saylorgirl's avatar - Lottery-065.jpg
              Indiana
              United States
              Member #129225
              June 13, 2012
              546 Posts
              Offline
              Posted: February 17, 2016, 4:04 pm - IP Logged

              Congratulations David and Maureen!!  May you enjoy your newfound wealth!

                Avatar

                United States
                Member #170707
                December 13, 2015
                185 Posts
                Offline
                Posted: February 17, 2016, 4:09 pm - IP Logged

                Did they use the same lawyer from Tennessee?  Let's go public to control the interest lol. 

                Why go to a claiming conference if you took the time to set up a trust?

                Oh and let me be the first to admit to jackpot envy.

                The press conference is optional.

                But in Florida, they post the trustees of the trust no matter what. It is public record and open to public access, unfortunately.

                Again, only the press conference part was optional.

                  lejardin's avatar - Lottery-014.jpg

                  United States
                  Member #118609
                  November 4, 2011
                  930 Posts
                  Offline
                  Posted: February 17, 2016, 4:15 pm - IP Logged

                  The press conference is optional.

                  But in Florida, they post the trustees of the trust no matter what. It is public record and open to public access, unfortunately.

                  Again, only the press conference part was optional.

                  Thank you for the info.  I was not aware the trustees are listed and all info has public access.  I still would never go to the press conference. 

                  Anyway good luck to the winners.  Hope they find security and some sort of privacy.

                    LottoLucy's avatar - hereslucy header.jpg

                    United States
                    Member #131594
                    August 14, 2012
                    171 Posts
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                    Posted: February 17, 2016, 4:23 pm - IP Logged

                    Thumbs UpWay to go. Does it really matter anymore, to claim via a trust in Florida when those knuckleheads are going to splash your name and pictures and the name of your trust all over the the world and parade you like cattle?. Kind of defeats the purpose!!!.

                    Even if a trust can't keep you anonymous there are other reasons to claim it that way.  It might be a prudent move for estate planning.

                    Lotto Lucy

                      LottoLucy's avatar - hereslucy header.jpg

                      United States
                      Member #131594
                      August 14, 2012
                      171 Posts
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                      Posted: February 17, 2016, 4:27 pm - IP Logged

                      I don't get why they went public.  They obviously know the risks and are concerned about their security.  What in the world would make them wait this long to claim under a trust, then do the press conference?  Is this something Florida requires?

                      I have read a lot of information from various lotteries on winning a large jackpot and one thing they all say, even when a press conference is optional, is to do the press conference.  Supposedly it will get it all over with and the press will leave you alone.  Now, I don't really believe that and think it is pretty self serving advice from the lottery but I imagine to some people it might make sense when presented like that.

                      Lotto Lucy

                        TheMeatman2005's avatar - lightening
                        Brooklyn, NY
                        United States
                        Member #169723
                        October 29, 2015
                        875 Posts
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                        Posted: February 17, 2016, 4:27 pm - IP Logged

                        Thumbs UpWay to go. Does it really matter anymore, to claim via a trust in Florida when those knuckleheads are going to splash your name and pictures and the name of your trust all over the the world and parade you like cattle?. Kind of defeats the purpose!!!.

                        Claiming via a trust or LLC is more for legal reasons.

                        If you are (G-D forbid) in an accident, the other person can sue you for every penny you have. If you have an LLC it is an entity on its own and protects your assets.

                        It takes a few weeks to form a trust / LLC. 

                        The Meatman

                        “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                        Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

                          mypiemaster's avatar - 2015021003pileofcash
                          JACKPOT HUNTER

                          United States
                          Member #141034
                          April 2, 2013
                          1406 Posts
                          Offline
                          Posted: February 17, 2016, 4:30 pm - IP Logged

                          Even if a trust can't keep you anonymous there are other reasons to claim it that way.  It might be a prudent move for estate planning.

                          Sure I get that, but if you are willing to expose yourself to the masses, why wait all this time to form a trust, why not just claim the next day, like the country-boy lawyer and his clients who went on national TV and then form a trust?.

                          Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                          Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****

                            mypiemaster's avatar - 2015021003pileofcash
                            JACKPOT HUNTER

                            United States
                            Member #141034
                            April 2, 2013
                            1406 Posts
                            Offline
                            Posted: February 17, 2016, 4:46 pm - IP Logged

                            Claiming via a trust or LLC is more for legal reasons.

                            If you are (G-D forbid) in an accident, the other person can sue you for every penny you have. If you have an LLC it is an entity on its own and protects your assets.

                            It takes a few weeks to form a trust / LLC. 

                            I get all that. But the article clearly stated, "Their biggest concern is security, now that their identities are revealed". Apparently they did not want their identities revealed, but rules are rules. So Florida lottery decided to screw them just for cheap publicity, like they really need it. SMH.

                            Seek and ye shall find -Matt. 7:7 ...Ask and ye shall receive -John 16:24 ...Give and it shall be given unto you -Luke 6:38 ...Be careful what you ask for!!! -Mypiemaster 1:1

                            Having Money Solves Problems That Not Having Money Creates Yes Nod ****John Carlton****