Uses blind trust to keep privacy
COLUMBUS, Ohio — The holder of Ohio's first Powerball jackpot prize ticket came forward Tuesday to claim the $260 million prize in a blind trust.
The drawing for the $260 million jackpot was Wednesday, June 2, and the winning ticket was sold at Hub Carryout in Sunbury.
George M. Hoffman, of Columbus, is trustee of The 2010 Blind Trust and made the claim on behalf of the winner at Lottery offices in Cleveland.
The holder of the ticket chose the cash option for this jackpot, which is estimated at $134.9 million.
Mandatory federal and state taxes totaling 31 percent will be deducted from the lump sum payment.
The winning numbers for the jackpot were 4, 9, 14, 39 and 43 with a Powerball of 38.
The Power Play multiplier was 4. Ohio's first Powerball jackpot came on its 14th draw since joining the game on April 16.
The jackpot automatically jumped into Powerball's Top 10 jackpots list, at number 8.
Thanks to petergrfn for the tip.
It should be a winner choice in every state whether he or she wants to keep it private.Some people hate unwanted fame or attention.There are a lot of quiet millionaires and bilionaires in the world.
i totally agree.....!!! I would prefer they gave more details like was it a quick pick, how many did they purchase, etc... ya know the normal questions... congrats to the winner...
May the Lord bless and protect you you smart smart person!!!!!!!!!!!!!!!!!!!!
I agree with you 100%, why should the State dictate to you that you have to share your personal information when you win a large amount of money from a lottery win.
To each their own .......... if I win I cannot afford to wait to get the money ....... so I already have a plan to mitigate the intrusions into my personal life.
Best wishes to the winner ................
Amen to Freedom of Choice.
While the money would come in handy immediately, I would work out an arrangement with counsel to handle this so that loss of privacy is not an inconvenience for the rest of my life. To hell with the leeches.
Very Smart! Good job....Congrats to the winner(s). Now don't go giving yourself away by parking a half dozen luxury cars in front of your new house!
Those folks in Ohio are pretty smart...This has happend a couple times before in Ohio with large Mega Millions Jackpots. Can't wait until it's my jackpot!!!
Hopefully I will keep my head and remember my plan.......It would be diffic ult to fight the urge to run right to the Lottery Commission and claim my money.
GOOD LUCK!!
Now don't go giving yourself away by parking a half dozen luxury cars in front of your new house!
He probably would buy a new home in a neighborhood where having several luxury cars is normal.
I trust the whole process with PB and MM with the Blind Trust thing.
I'm not so trusting when the Blind Trust thing is done through a state lottery with one of their own games.
What took him so long to claim the prize (over a month later!) ?
In Ohio, players have 180 days to decide how they want to collect their winnings. He had plenty of time left so he came forth quite quickly.
Congratulations to Ohio on winning the Powerball Jackpot. I didn't know that Ohio joined the Powerball game.
The thing though is I'm pretty sure if the state allows you to claim it privately they still have to give your name out to anyone who requests the info. That would be good enough for me as it would keep a majority of the people from knowing I won.
I'm guessing it was to get everything in order, such as the blind trust and probably hiring a good financial team.
If I were to win I'd probably wait 2-4 months (we have 6 months to claim it here) just so that some of the interest in who won had died down and also to get plans in order.
i thought you had to get your prize jackpot in public?? i remember sending a email to the new york lottery and they replied that the only way to receive your prize is in public with the press......
Each state has its own rules for lottery games even for the same games, that's the reason California's MM payouts are different than other MM states.
many times people will find out who you are even if you claim anonymously because of where the ticket was sold which should be near your vicinity...
VERY smart winner. An LPer, no doubt. A trust, blind or irrevocable, is definitely the way to go, but I don't know how I feel about giving a lawyer that much authority/power over my prize. They're like a bad spouse: once they've got their hooks in ya'.....
Personally, I don't have the will power to wait more than a month to collect. I'd definitely wait at least a week, though.
There are so many people who commute to Columbus, Ohio and pass by that store on the way.....i even pass by that store when I go to Columbus. I am guessing it is someone who commutes to Columbus everyday to go to work.
Is this your subtle way of telling us LP'ers it was you??
We'll if so then good job claiming quietly....Enjoy the money..........
nope not me....how i wish it was....all i got was the powerball x4=$12.00...i was lucky to get that. that was so close though...i can only dream on for the next time :)
Congratulations on your very big, lump-sum, sole Powerball jackpot win!
are u talking about the $12 that i won? i honestly don't know who won the jackpot....it wasn't me...all i got was $12 like i said. i wish i could have won it but i will keep dreaming for it to happen.
Congrats to the winners for sure whoever they may be. If i won that much money i would be in shock and thank GOD for answering my prayers. I would not tell anyone and keep it a big secret. I'd probably buy a house in Beverly Hills to be around other rich people to blend in....I would definitely disappear from Ohio for good and contact my cousins after I got all set up. I am just dreaming.....dreaming on until maybe someday I will win by luck. The most I ever won...was the Ohio Classic Lotto and I got $70. Recently I won $10 with the $1 Cash Explosion scatch off.
I mentioned earlier that the "Hub" store in Sunbury is on a route where many people commute back and forth to Columbus or they work in Sunbury at America Showa. I know where the store is and I have passed it to and from Columbus....a lot of people pass the store on the way to where they going. Like I said before....it could be someone who commutes to work everyday going on that route.
They were smart to put it in a blind trust.....and if i had do something like that then I would appoint myself as trustee because I would not trust anyone with the money.
Like I said, I only won $12 on that play....would have been nice to have won...I sure could use it right now....my lucky day will come in the future...not sure when but I can feel it coming.
If you are self appoint yourself as trustee, you lose protection of the assets should you get sued. This is why trusts are set up....protection of the assets.
If there is a person you can trust, like a family member, you can have co-trustees , the lawyer and that person.
It is hard to wrap your head around having someone else own the assets as in the case of a trust, but it is better than having someone sue you and they then own the assets.
You can always appoint a new trustee.
Delaware has complete anonymity
Good going, keep 'em guessing.
If a major lottery prize is not claimed within a week or two in UK, it will most likely never be claimed. We have the same 180-day time period for a claim.
Only then, will the lottery operator reveal the location where the winning ticket was purchased and make reasonable attempt to attract the attention of residents in the area. Unclaimed prizes are also displayed on their website, but I doubt anyone who didn't bother to check their tickets would look there.
Another thing about UK lottery winnings is that the government has already collected lottery tax or betting duty on the stakes, leaving the prize pool money as "after-tax" and apparently tax-free. Therefore the winners receive every penny as advertised and in a lump sum.