On 4 November, a lucky winner from Tennessee won the $144.1 million Powerball jackpot. For nearly a month, people waited to hear news of the winner’s identity. Last week, the mask came off and the winner was revealed… well, sort of.
Anonymous Powerball winner trusts no one
We kid, we kid. The staff at us-powerball.com just can’t pass up a pun. The winner (or winners in the case of a syndicate) of the 4 November jackpot, who purchased their ticket at the Hobson Tobacco and Beer store in Antioch, Tennessee, has decided to remain semi-anonymous. There are currently only six US states that allow lottery jackpot winners to remain completely anonymous: Delaware, Kansas, Maryland, North Dakota, Ohio, and South Carolina. So then how is it possible that we don’t know more about this current winner? While you can’t be completely anonymous, many states — including Tennessee — allow winners to claim their prizes as individuals, trusts, corporations, organisations, partnerships, and estates. The winner(s) this time chose to set up a revocable trust (the Avondale Revocable Trust), which is fancy legalese for saying that they’ll be able to take the money out of the trust after its been deposited.
The most obvious benefit to setting up a revocable trust is that you won’t have to shout your name, address, and other personal information from the rooftops. No seedy ex-friends or deadbeat family members will crawl out of the woodwork to grab your cash. Another benefit is that the process of creating a trust gives you crucial time to stop and think about what has happened. Time to calculate your next steps as a lottery millionaire. Don’t rush to spend it all on fancy parties with hundreds of your nearest and dearest who you won’t remember the day after. One thing the revocable trust won’t change is taxes. You’ll still have to pay your proper share of taxes — we’d go into detail, but if you win the jackpot, you’re better off hiring a respected attorney and accountant who can explain all the tax codes better than we can.
Powerball jackpot soaring to amazing heights
The Powerball jackpot has been rolling over ever since Mr. Avondale Revocable Trust won the top prize on 4 November. Now the jackpot is back up to an outstanding $145 million. It’s time for you to put your newfound knowledge about trusts to work for you and win big! Whether you’re in Australia, England, South Africa or elsewhere, all you have to do is click on any Powerball banner on this site to purchase your US Powerball tickets online and you’ll be on track to take home millions. Who knows, you could be the next anonymous Powerball winner! Best of luck this Wednesday night!