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$500 million lottery ticket claimed anonymously - how is this possible?

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posted on Aug, 18 2018 @ 09:14 AM
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a reply to: DigginFoTroof

There are some places where you don't have to let anyone know who you are.

Kansas is one state that will let you claim your reward anonymously. Since we live so close to the border, we always try to remind ourselves to drive over there to buy a ticket if we're going to waste money on it ... just in case. Missouri, where we officially live, does not allow you to claim your prize anonymously.




posted on Aug, 18 2018 @ 09:16 AM
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originally posted by: caterpillage
I always planned that if I ever won big in the lottery, the first thing I would do is go to a good lawyer and set up a trust to claim it.
Can't honestly think of a reason anyone wouldn't do that really.


There is this too.

For a fun mental exercise, we've made an actual plan for that. What would we do if we won ... good lawyer and good financial advisor are the very two top things at the list. It helps that my family already has a family trust lawyer where we could start out at.

But honestly, everyone should make a real plan before they claim that amount of money.



posted on Aug, 18 2018 @ 09:16 AM
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Because they're probably lying. There's no Integrity left.

P.S. the annoying ad that slides in from the right now and covers up what you're trying to read or type, then you click it to make it go away and it comes back about 10 seconds later, is enough to make me leave this site. Pop-up ads absolutely suck. I get that you want ad revenue and I didn't use an ad blocker for that reason but covering up the actual content with a freaking ad is really really lame. I would hope you guys would reconsider.
edit on 18-8-2018 by gernblan because: Because ads aren't a bad thing necessarily until they cover up the content with overlays



edit on 18-8-2018 by gernblan because: (no reason given)



posted on Aug, 18 2018 @ 09:19 AM
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a reply to: DigginFoTroof

Don't you get it?

At the size of some of those prizes, everything about your life has to change. Making it public, forcing a lack of anonymity ups the ante and the pressure considerably.

If, for example, we won. We could not continue living in our house, in our neighborhood, etc., with people knowing we are attached to that amount of money, there are serious security concerns attached to our child wherever he goes, for example. You're basically losing a way of life and having to suddenly construct another.



posted on Aug, 18 2018 @ 09:46 AM
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a reply to: DigginFoTroof

you immediately go to a motel, tell no one...not even family.....Call security company in morning and a car to take you escorted to the lottery headquarters....have an attortney meet you 1st..that morning...when you and security are there....

people have been killed for $1.....sounds over-reactive...but it's not
edit on 18-8-2018 by mysterioustranger because: (no reason given)



posted on Aug, 18 2018 @ 10:14 AM
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originally posted by: neo96
A trust is used to save on your tax liability.

Also hiding your identity.

The best option for winning the lottery is taking the annuity.

Guaranteed yearly payments, and you get more of your winnings.



Nah, always take the full payout. Time value of money and inflation. Better to take it all upfront in a lump sum and invest. Also, I wouldn't trust the lotto would still have money to pay you out in future years. Here in Illinois, our lotto had winnings delayed due to state budget issues.

People claim in a trust because only an idiot announces to the world they just won $500 million or even $1 million. There are plenty of stories of people being killed over lotto winnings much smaller.



posted on Aug, 18 2018 @ 10:14 AM
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originally posted by: pointessa
a reply to: DigginFoTroof

Call me cynical, but the fact that they waited until the last minute to claim the prize anonymously wreaks of some sort of dishonesty. Is this a way for the state or one of it's employees to get the lottery money? Something isn't right here.




to be honest i had always thought if i won a big lottery, i would wait until the last minute to claim it. that way almost all of the hype is gone. i had noticed that many times a winner did not claim right away that there was nowhere near the publicity that is given when people claim it immediately. claim it immediately your picture and name is plastered on almost every front page, with the media pretty much hounding the winner about what they will do with the money. yet if you wait you might just get a small writeup in the back of the paper. i will admit the trust fund angle never occurred to me, it's a great idea.

there is no dishonesty necessarily involved. in fact i suspect what happened is a smart person or people won. and seeing the amount got a lawyer immediately to figure out a way to hide their identity, so that they won't become an instant target of not only criminals and scammers, but even friends and family that might hound them. and i suspect the lawyer's advice after research was to wait till the hubbub of that win died and use the trust fund to further insure their privacy.

personally i think every lottery winner should be given the choice automatically to hide their identity when they claim their winnings. seriously take some serious thinking time about this. you win a big lottery. because everyone in the world knows about it, you have a big target on your back. it would be more than worthwhile to change your name, and immediately move to another state, or even country. and as someone said delete all social media accounts and in all honesty say goodbye to friends and relatives forever. would you want to put up with scammers and pretty much every charity in the world constantly hounding you asking for money?

i'm sorry but I will be the one to decide how much i am willing to give to charities of MY choice. in fact i would probably tell any charity calling me or sending me request for money exactly where they can stick their requests, and that thank you, i will definitely NOT be giving their charity any money. and things like the Red Cross and other big name charities would be automatically off my list right at the start. i would be doing research on any charity i might consider helping, and most of that money would have to be going to the actual work and not for things like high salaries or advertisements (seriously if you can afford to pay people in the hundreds of thousands of dollars a year salary, and can afford to have commercials, than you do not need my money thank you).



posted on Aug, 18 2018 @ 10:40 AM
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a reply to: Edumakated

Take the full payout ?

OF that $500 million the cash option is half of it which leaves $250,000,000

Then 'conservative' cut that in half for state,and federal taxes.

As opposed to a guaranteed multi million dollar payout for the next three decades.



posted on Aug, 18 2018 @ 10:42 AM
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a reply to: DigginFoTroof



It should only be able to be claimed by a real, live, living, breathing person


I know it may sound ridiculous and just wrong, but attourneys are real live, living breathing persons....

Like others said.. You´d be insane to not use one or two covers if you claim such an amount of money.

Envy and bad people will set their scope on you...



posted on Aug, 18 2018 @ 10:51 AM
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a reply to: caterpillage

That's what I'd do.

That kind of money, makes you, instantly, a target. Not just you, but your family, as well. Yes, I'm that paranoid.

There's no way, I'd go public with a lottery win of that magnitude. A trust, and utter anonymity.



posted on Aug, 18 2018 @ 10:59 AM
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originally posted by: neo96
a reply to: Edumakated

Take the full payout ?

OF that $500 million the cash option is half of it which leaves $250,000,000

Then 'conservative' cut that in half for state,and federal taxes.

As opposed to a guaranteed multi million dollar payout for the next three decades.


It is called time value of money. A dollar today is worth more than a dollar tomorrow.

The reason they give you a smaller lump sum is that they've calculated what is known as the NET PRESENT VALUE (NPV) of that stream of payments over 20 years. In other words, receiving $500,000,000 over 20 years is worth just getting $250,000,000 NOW.

If you got $250,000,000 TODAY and invested it even at a fairly modest returns, you'd have MORE than $500,000,000 in 20 years.

You won't find one financial planner or investor tell you to take the annuity payout. You would leave tens if not hundreds of million on the table doing that. Dumb decision.


Edit: This is also how businesses determine if it is worth investing in a project. They look at project generated an estimated amount of profit each year over a certain amount of time. The NPV calculation would tell you how much that stream of profits is worth TODAY indicating how much you should invest. A negative NPV means you would be losing money. A positive NPV means you are making money.
edit on 18-8-2018 by Edumakated because: (no reason given)



posted on Aug, 18 2018 @ 11:02 AM
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a reply to: Edumakated

I know what inflation is.

I also know what the market did in 2008.



posted on Aug, 18 2018 @ 11:05 AM
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originally posted by: neo96
a reply to: Edumakated

I know what inflation is.

I also know what the market did in 2008.



Yes, but you don't even have to be invested with risk of losing principal... $250,000,000 TODAY is worth more than $500,000,000 paid out over 20 years. You could put the $250,000,000 in cash and it would still be a better deal than taking $500,000,000 paid out annually over 20 years.



posted on Aug, 18 2018 @ 11:12 AM
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a reply to: DigginFoTroof

If I won the lottery I would do this too. Then no one would hound me.



posted on Aug, 18 2018 @ 11:52 AM
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a reply to: DigginFoTroof

If I won 500 Million, I'd try not to even tell my wife.

It would be spent the next day.

I watched a show on lotto winners, you would not believe how many requests they get for their money.

I'd stay Anon.

edit on 18-8-2018 by pavil because: (no reason given)



posted on Aug, 18 2018 @ 12:22 PM
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a reply to: pavil

Yeah, suddenly people you´ve not seen for decades turn up and think they are entitled to your "help" (=money).

Because you know them and since they told you how bad they are doing, they expect you to help them out, or you´re the devil in person.

Like this:
"I need money for a new swingset for my kids and since you are rich, I thought you might make them a little present"
"no"
"why do you hate my kids?"



posted on Aug, 18 2018 @ 12:31 PM
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It saves them from ending up a laughing stock like on that show that shows former big lottery winners that pissed away the money with gusto. The lottery board is still going to verify the person it’s just not put in the public domain, if they decide to reveal it later on they can but doing the trust is smarter all around. I’m surprised more people don’t choose to excercise their anonymity after winning big lotto drawings.



posted on Aug, 18 2018 @ 12:35 PM
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originally posted by: Edumakated

originally posted by: neo96
a reply to: Edumakated

Take the full payout ?

OF that $500 million the cash option is half of it which leaves $250,000,000

Then 'conservative' cut that in half for state,and federal taxes.

As opposed to a guaranteed multi million dollar payout for the next three decades.


It is called time value of money. A dollar today is worth more than a dollar tomorrow.

The reason they give you a smaller lump sum is that they've calculated what is known as the NET PRESENT VALUE (NPV) of that stream of payments over 20 years. In other words, receiving $500,000,000 over 20 years is worth just getting $250,000,000 NOW.

If you got $250,000,000 TODAY and invested it even at a fairly modest returns, you'd have MORE than $500,000,000 in 20 years.

You won't find one financial planner or investor tell you to take the annuity payout. You would leave tens if not hundreds of million on the table doing that. Dumb decision.


Edit: This is also how businesses determine if it is worth investing in a project. They look at project generated an estimated amount of profit each year over a certain amount of time. The NPV calculation would tell you how much that stream of profits is worth TODAY indicating how much you should invest. A negative NPV means you would be losing money. A positive NPV means you are making money.

With that amount of money I would probably just go with the annuity, god knows the trouble I could get into if I got the lump sum. That much a month is good walking around money....



posted on Aug, 18 2018 @ 01:09 PM
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originally posted by: neo96
A trust is used to save on your tax liability.

Also hiding your identity.

The best option for winning the lottery is taking the annuity.

Guaranteed yearly payments, and you get more of your winnings.



That is absurd. Only a fool takes the annuities. Have you heard of inflation?

You take that lump sum, hire a financial managment TEAM, a brokerage firm, and some crypto connections.

Then you 10x your initital lump sump over the same amount of time at least in investment returns. Easy.



posted on Aug, 18 2018 @ 01:11 PM
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I hate when they do it, it gives incentive to a lot of telemarketers to target everyone since they might be the winner of that money.




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