Posted on 12/27/2018 4:17:55 PM PST by NRx
In late October, Mega Millions announced that someone had won its $1.5 billion jackpot. But two months have passed and still, no one has come forward to claim the enormous prize, Josh Whiteside, director of marketing at the South Carolina Education Lottery, tells CNBC Make It.
"Everyone's talking about it," said Jee Patel, the manager of the KC Mart in Simpsonville, South Carolina, where the winning ticket was purchased. "It's a mystery."
The winner, who beat the odds of 1 in 302 million, gets 180 days, or until April 21, to collect before the ticket expires.
If the prize goes unclaimed by the deadline, according to the Mega Millions website, "each participating state in the Mega Millions game will get back all the money that state contributed to the unclaimed jackpot."
States set their own priorities on how they spend that unclaimed prize money. "In Maryland and some other states, for example, unclaimed winnings go into pots for player prizes related to second-chance games and promotions and other bonus prizes," reports Slate. "Unclaimed lottery winnings in Wisconsin go to the state's general fund and are used for property tax relief. Georgia reserves some of its for treatment for gambling addiction."
In South Carolina, unclaimed winnings are put in a fund typically used for educational expenses. Throughout the country, states spend a significant portion of lottery proceeds on education.
(Excerpt) Read more at cnbc.com ...
There’s more money in the jackpot then Trump got for our wall. What a cartoon nation we live in.
That was I.
And it wasn’t my fault your Percheron stood nineteen hands tall!!
Amazing
Thanks
They have ‘t realized the money, yet, so it should be okay.
I won it, but i was cheated when they sold me a lottery ticket with the wrong numbers.
Hi. My name is the NRA. You can call me “the”.
How would an LLC help?
I'm pretty sure you would be taxed based on the state of residency at the time the ticket was purchased rather than when it was redeemed.
If a Canadian ever won one of these they could eventually claim the whole prize.tax free. There would be an initial withholding tax but it could be reclaimed once the tax return for the year is filed due to the tax treaty between Canada and the US. In this case the taxes would be in the hundred million and up range that would reclaimed. For a small fee I would be willing to be the proxy winner from Canada . :)
Finally tell the wife, the kids, and the girl friend that you are doing all this because you are wanted for a murder (that you did not do)... This will probably be the only way your secret can remain in tact... Most significant others always blab...
You have to claim the ticket and pay the tax in whatever state you bought the ticket. SC allows winners to remain anonymous and the top income tax bracket is 7%.
If a state allows it, claiming lottery winnings through a trust or LLC allows the winner to protect their privacy.
That’s mine!
Um... but I forgot the numbers. What were they again?
I'm not a lawyer so it could be wrong for me to have specifically mentioned an "LLC".But I've read that some winners of big prizes,after consulting a lawyer,set up one form,or another,of corporate/legal entity to claim the prize,this allowing the winner to remain anonymous.
this allowing = thus allowing
Could be anything.
However, according to a former director of security for a multi-state lottery, who rigged the system winning big $ who’s now in prison, said claiming a ticket and waiting until the last minute draws the greatest scrutiny.
This aint your daddy’s America. You will find Patel, Fernandez and Wong in every corner of this country.
Yes, it appears you are right.
I read the tax-free state trick years ago. But it only makes sense that the states would fill that loop hole soon enough.
Purchased while tipsy and forgot all about it?
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