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Indiana Powerball winner claims $435 million jackpot anonymously

Mar 13, 2017, 4:36 pm

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Winner takes home $189 million lump sum cash payout after taxes

By Todd Northrop

At an afternoon press conference, the Hoosier Lottery announced that a Lafayette man claimed a $435.3 million Powerball jackpot that was drawn in February.

The lucky winner used an allowance in Indiana law that permits a jackpot winner to claim the prize through a Limited Liability Corporation (LLC), which shields the winner's identity from the public.

The winning ticket in the $435.3 million Powerball drawing was was purchased at the Super Test, 1600 block of Sagamore Parkway South, Lafayette, Indiana.  One ticket matched all five numbers plus the Powerball number in the Feb. 22, 2017, drawing.

The winning numbers were 10, 13, 28, 52, and 61, with Powerball number 2.

The massive annuity jackpot is the seventh largest in the history of the Powerball game, and overall the 10th-largest lottery jackpot of any game in US lottery history.

The lump-sum cash value of $263.5 million also notched the same 7th- and 10th-place rankings in the historical record.

It's not the largest lottery jackpot ever claimed in Indiana.  Last year a $536 million Mega Millions jackpot from the July 8, 2016, drawing was claimed by an Indiana family who also utilized the state's provision for remaining anonymous.  (See Indiana family claims $536 million Mega Millions lottery jackpot, Lottery Post, July 29, 2016.)

Indiana leads the nation in Powerball jackpot wins with 39.

The winner, who was described as a middle-aged man from Lafayette, opted to take the lump-sum cash option rather than 30 installments over 29 years.  The lump-sum payout is the on-hand cash the lottery would have invested in order to achieve the annuity $435.3 million payout after the 30 annually-increasing installments were paid out.

After the initial taxes were withheld, the man accepted a check for $189 million.

"Once he saw the numbers matched, he couldn't sleep," said a representative of the LLC the winner set up. "He tried calling his brother later that morning, but he didn't answer. He then called his dad, who joked, 'I thought you were calling to say that you won the lottery?' to which the winner replied, 'Maybe I did!'"

The winner plans to use the money for his family's education, to further his own education and more. He also plans to make donations to charity.

"The winner is very family oriented and close to his siblings and parents," said the representative. "He plans to give some money to family, to help family members pay for their education, and maybe earn an advanced degree himself. He anticipates making donations to charity, but he has made no decisions at this time. He's excited to travel to see family, and is thinking about buying a new car and a home. For now, he plans to stay in Indiana."

The winner has done his best to conceal the fact that he was the big Powerball winner, and he does not believe that his co-workers at the manufacturing plant in Lafayette where he works have figured it out.  Nevertheless, rumors have been swirling around his hometown of Lafayette since the drawing in February.

An alumnus of Purdue University, the winner hasn't decided if he'll leave his job, although he said he might want to give it up so that someone who needs a job can have it.

The LLC that was setup to claim the jackpot is called Bohemian Financial LLC.

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50 comments. Last comment 3 years ago by KY Floyd.
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Raven62's avatar - binary
25
New Jersey
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Posted: March 13, 2017, 4:47 pm - IP Logged

Eventually their Identity will be Known...

A mind once stretched by a new idea never returns to its original dimensions!

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    Avatar
    Chasing $ Millions.
    White Shores- California
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    Member #136473
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    Posted: March 13, 2017, 5:17 pm - IP Logged

    Forming a Trust or LLC will buy a winner some time but anyone with a big shovel can eventually expose the winner if they dig deep enough.

     * Voice of Reason *   

     

    People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

      zephbe's avatar - animal butterfly.jpg
      South Carolina
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      July 15, 2009
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      Posted: March 13, 2017, 6:34 pm - IP Logged

      Congrats--enjoy it  Smile

      Every champion was once a contender who refused to give up.-Rocky Balboa

      “Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar

        Avatar

        United States
        Member #164719
        March 12, 2015
        1300 Posts
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        Posted: March 13, 2017, 6:57 pm - IP Logged

        Middle age man -- sounds like he is single, ladies. Wink

        That's a lot of money to have fun with.

          Avatar
          Blue Bell,Pa
          United States
          Member #156243
          June 12, 2014
          23 Posts
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          Posted: March 13, 2017, 6:57 pm - IP Logged

          If he only received 189 million, then he lost over 50% to taxes. That sounds like a huge amount of money to lose to taxes.

          Indiana state tax rate is 3.3% and the federal tax rate would be 39.6%. So the amount he received has to be wrong.

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            Chasing $ Millions.
            White Shores- California
            United States
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            Posted: March 13, 2017, 7:13 pm - IP Logged

            If he only received 189 million, then he lost over 50% to taxes. That sounds like a huge amount of money to lose to taxes.

            Indiana state tax rate is 3.3% and the federal tax rate would be 39.6%. So the amount he received has to be wrong.

            Look at the big picture Felllini: if he only played a dollar - you think he cares after hauling in tens of millions? Doubtful!

             * Voice of Reason *   

             

            People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

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              Florida
              United States
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              January 3, 2016
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              Posted: March 13, 2017, 7:28 pm - IP Logged

              "He's excited to travel..."

              http://www.kevinandamanda.com/whatsnew/wp-content/uploads/2014/06/eiffel-tower-paris-france-16.jpg

               

               

               

              ".....and is thinking about buying a new car..."

               

               

              data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEAAAAALAAAAAABAAEAAAI=

               

               

               

              "...and a home."

               

              http://www.calderasprings.com/assets/images/masthead/lake-house.jpg

               

               

               

               

              "For NOW, he plans to stay in Indiana."

               

               

              It sure was fun being picky about which pictures to post. I can only hope that I get to replicate that after Tues. / Wed. night in real life!

                Tatototman65's avatar - Lottery-009.jpg

                United States
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                February 4, 2013
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                Posted: March 13, 2017, 7:43 pm - IP Logged

                Congrats!!!

                Smile

                *If you live in IL and want legal regulated online poker... Click on me
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                How much money could Illinois make from regulated iGaming? Click on me

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                  Avatar

                  United States
                  Member #180549
                  March 12, 2017
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                  Posted: March 13, 2017, 7:59 pm - IP Logged

                  Indiana leads the nation in Powerball jackpot wins with 39.

                  This is the place to buy your tickets!  More wins than New York, Florida, California, New Jersey, Georgia, and Tennessee combined!

                    Todd's avatar - Cylon 2.gif
                    50
                    Chief Bottle Washer
                    New Jersey
                    United States
                    Member #1
                    May 31, 2000
                    25727 Posts
                    Online
                    Posted: March 13, 2017, 8:38 pm - IP Logged

                    If he only received 189 million, then he lost over 50% to taxes. That sounds like a huge amount of money to lose to taxes.

                    Indiana state tax rate is 3.3% and the federal tax rate would be 39.6%. So the amount he received has to be wrong.

                    Read a little closer.  He accepted the cash option, and that's what he was taxed on -- not the annuity value.  He was taxed exactly right.  Look at the Jackpot Analysis for Indiana for that drawing: https://www.usamega.com/powerball-jackpot.asp?d=2/22/2017

                     

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                      TheGameGrl's avatar - Lottery-012.jpg
                      A long and winding road
                      United States
                      Member #17083
                      June 10, 2005
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                      Posted: March 13, 2017, 8:39 pm - IP Logged

                      Pretty sure its already known to those that matter. 

                      Lawyers, the Govt,the lottery and even his mailman. :)

                      3443 2445 1220 1500 1320

                      Value that which cannot be bought or sold.

                        KY Floyd's avatar - lysol avatar.jpg
                        NY
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                        Member #23834
                        October 16, 2005
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                        Posted: March 13, 2017, 9:02 pm - IP Logged

                        "Indiana state tax rate is 3.3%"

                        Indiana is a weird state in terms of income tax. Besides the state income tax there's a separate county income tax in all but one county. Lafayette is in Tippecanoe County, where the rate is 1.1%.

                          dpoly1's avatar - driver
                          PA
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                          October 16, 2008
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                          Posted: March 13, 2017, 10:18 pm - IP Logged

                          Cool

                          NICE!

                          dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                           

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                            Perfecttiming2's avatar - redcross

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                            Posted: March 13, 2017, 11:08 pm - IP Logged

                            Winner takes home $189 million lump sum cash payout after taxes

                            By Todd Northrop

                            At an afternoon press conference, the Hoosier Lottery announced that a Lafayette man claimed a $435.3 million Powerball jackpot that was drawn in February.

                            The lucky winner used an allowance in Indiana law that permits a jackpot winner to claim the prize through a Limited Liability Corporation (LLC), which shields the winner's identity from the public.

                            The winning ticket in the $435.3 million Powerball drawing was was purchased at the Super Test, 1600 block of Sagamore Parkway South, Lafayette, Indiana.  One ticket matched all five numbers plus the Powerball number in the Feb. 22, 2017, drawing.

                            The winning numbers were 10, 13, 28, 52, and 61, with Powerball number 2.

                            The massive annuity jackpot is the seventh largest in the history of the Powerball game, and overall the 10th-largest lottery jackpot of any game in US lottery history.

                            The lump-sum cash value of $263.5 million also notched the same 7th- and 10th-place rankings in the historical record.

                            It's not the largest lottery jackpot ever claimed in Indiana.  Last year a $536 million Mega Millions jackpot from the July 8, 2016, drawing was claimed by an Indiana family who also utilized the state's provision for remaining anonymous.  (See Indiana family claims $536 million Mega Millions lottery jackpot, Lottery Post, July 29, 2016.)

                            Indiana leads the nation in Powerball jackpot wins with 39.

                            The winner, who was described as a middle-aged man from Lafayette, opted to take the lump-sum cash option rather than 30 installments over 29 years.  The lump-sum payout is the on-hand cash the lottery would have invested in order to achieve the annuity $435.3 million payout after the 30 annually-increasing installments were paid out.

                            After the initial taxes were withheld, the man accepted a check for $189 million.

                            "Once he saw the numbers matched, he couldn't sleep," said a representative of the LLC the winner set up. "He tried calling his brother later that morning, but he didn't answer. He then called his dad, who joked, 'I thought you were calling to say that you won the lottery?' to which the winner replied, 'Maybe I did!'"

                            The winner plans to use the money for his family's education, to further his own education and more. He also plans to make donations to charity.

                            "The winner is very family oriented and close to his siblings and parents," said the representative. "He plans to give some money to family, to help family members pay for their education, and maybe earn an advanced degree himself. He anticipates making donations to charity, but he has made no decisions at this time. He's excited to travel to see family, and is thinking about buying a new car and a home. For now, he plans to stay in Indiana."

                            The winner has done his best to conceal the fact that he was the big Powerball winner, and he does not believe that his co-workers at the manufacturing plant in Lafayette where he works have figured it out.  Nevertheless, rumors have been swirling around his hometown of Lafayette since the drawing in February.

                            An alumnus of Purdue University, the winner hasn't decided if he'll leave his job, although he said he might want to give it up so that someone who needs a job can have it.

                            The LLC that was setup to claim the jackpot is called Bohemian Financial LLC.

                            Saying that he is a middle-aged man born in Indiana would have been enough information for the press release, especially for a state that will allow you to claim anonymously.

                            To say what industry he works in and what college he attended is enough information for his co-workers to figure it out.

                            How many male Purdue University alumnus from Lafayette are there, who are middle-aged and work in a manufacturing plant in Lafayette?

                            All it takes is one person at his job (who knows the answer to the above question) to start talking.

                            Wonder if the LLC is owned by a claiming trust? (Which could then be owned by a bridge trust to really conceal his identity.)

                            Nonetheless, I hope the best for him and his family and that he will be able to keep his privacy in tact.