Texas Lottery pays out largest jackpot in state history with $360 million Mega Millions claim

Comment #15

rundown99 — Sat, 25 Nov 2023 18:47:49 GMT

If Texas allows lottery winners to remain anonymous anyway, why did the winner go through the trouble of setting up a trust

Comment #14

noise-gate — Fri, 17 Nov 2023 18:17:48 GMT

* Perhaps rcb,but you have been here since the birth of LP, so you get first dibs.

Comment #13

rcbbuckeye — Fri, 17 Nov 2023 16:52:19 GMT

HA!

I would just say Not me. It was CDanaT. He lives in TN but still buys tix in TX .

Comment #12

SoCola — Fri, 17 Nov 2023 15:56:45 GMT

Regardless of where I live i would set up a trust in South Dakota. Not only for tax reasons but because it is the hardest place for anyone to get any info about a trust.

In most states if you want to bad enough you can go through the court system for info and to sue a trust. South Dakota courts will tell you to pound sand. The states whole industry is the privacy laws protecting trust. So if someone wants to say you owe them money, they won't get it from a trust administered in South d... [ More ]

Comment #11

noise-gate — Fri, 17 Nov 2023 15:02:00 GMT

* For just once, it would be great to read the winner was a member of LP, like say rcbbuckeye

Comment #10

SCnational — Fri, 17 Nov 2023 14:48:05 GMT

Yup. Generations trusts, privacy, low yearly maintenance fees, etc... The winner(s) might also be from out of state. Having the trust in SD also means that they avoid yearly state level taxes on any money the trust earns. They will have to pay when they take a payout.

Comment #9

KY Floyd — Fri, 17 Nov 2023 07:42:37 GMT

why a trust would be based in South Dakota if the winner won in Texas ?

Because SD has some very favorable laws for trusts, and neither state has a state income tax so there are no tax ramifications. It's obviously possible that somebody from SD happened to buy a ticket in TX, but the majority of money in trusts registered in SD comes from out of state.

Comment #8

Kandiapple — Fri, 17 Nov 2023 03:05:14 GMT

Oh that makes sense

Comment #7

Bleudog101 — Fri, 17 Nov 2023 00:35:29 GMT

Was wondering the same thing. With all the Attorney ads on TV perhaps one of those Attorneys has privileges, if that's what it is called, in TX and SD. Supposing the proper term is licensed to perform in such and such a state.

Comment #6

JustMaybe — Thu, 16 Nov 2023 21:26:09 GMT

You are very right. Also the taxes, at least the initial tax is based on the state of purchase.

There are two likely scenarios, the winner used to live in Texas but moved after it the winner was just driving through from SD and won.

Comment #5

justadream — Thu, 16 Nov 2023 20:42:49 GMT

It may have been someone traveling . I may be wrong but I do believe a winner has to claim in the state it was purchased, not where they live.

Comment #4

Kandiapple — Thu, 16 Nov 2023 20:13:00 GMT

Does anyone know why a trust would be based in South Dakota if the winner won in Texas ? A state you can remain anonymous

Comment #3

justadream — Thu, 16 Nov 2023 19:36:03 GMT

Hummmmmm smh

Comment #2

EnReval — Thu, 16 Nov 2023 19:16:25 GMT

Was this an online sale and sold in San Angelo TX and trust in South Dakota ? Strange

Comment #1

JustMaybe — Thu, 16 Nov 2023 18:50:39 GMT

Staying anonymous is key and they went all out to achieve that. A job well done.

Congratulations Blue Yucca Trust.

This Thanksgiving may we win big.

Good luck to all.

Texas Lottery pays out largest jackpot in state history with $360 million Mega Millions claim

Lottery Post — Thu, 16 Nov 2023 15:26:55 GMT

South Dakota-based trust claims largest prize ever paid out to a Texas Lottery player

By Kate Northrop

A trust based in South Dakota made Texas Lottery history when they claimed a $360 million Mega Millions jackpot this week.

The Blue Yucca Trust, of Rapid City, South Dakota, came forward to claim a $360 million Mega Millions jackpot and because the biggest lottery winner in the state of Texas, the Texas Lottery announced on Wednesday.

On Oct. 6, 2023, one Quick Pick ticket match... [ More ]