1% -ers win $254 million Powerball lottery

I know, I know...

Associated Press

ROCKY HILL, Conn. Three asset managers from Connecticut's affluent New York suburbs claimed a $254 million Powerball jackpot on Monday off a $1 ticket.

Gregg Skidmore, Brandon Lacoff and Tim Davidson came forward as trustees for The Putnam Avenue Family Trust, which they formed after Davidson bought the winning ticket at a Stamford gas station. At least two of them live in Greenwich, one of America's wealthiest towns.

They will take the after-tax lump sum of nearly $104 million in cash. They say a significant portion will go to charity.

Davidson bought the $1 quick pick ticket for the Nov. 2 drawing at the Shippan Point Getty station in Stamford. It was the only ticket he bought. The winning numbers were 12-14-34-39-46, Powerball 36.

The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history.

The three men work at a small, startup asset management firm called Bell Asset Management in Greenwich. They appeared with their lawyer at a news conference and didn't say much.

"It feels good," Skidmore said.

Lottery officials had used billboards across the state to urge the ticket holder to come forward as the weeks went by without a winner.

Ranjit Singh, manager of the Getty station, said lottery officials called the station at about 10:30 a.m. Monday to announce that the winning ticket had been sold there. The station receives $100,000 for selling the winning ticket.

Singh said he didn't know the winners and doesn't remember selling the winning ticket.
"We're really happy," Singh said. "Christmas is a little early."

Conn. asset managers claim $254M Powerball jackpot - WSJ.com (external - login to view)
I assume the trust-fund thing is a tax related issue over it being anything else.
#3  Top Rated Post
Remember when the Angels used to be the 1%ers
Quote: Originally Posted by MHzView Post

I assume the trust-fund thing is a tax related issue over it being anything else.

I would say that is the best way to go. Tax is paid when funds are disbursed. Money saved. Your great, great and many great grandchildren are looked after.
we should be able to buy powerball loto tickets from local loto ticket retailers.
The lottery is a tax on the poor. "The 1%" always wins it.

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