Lady Luck smiled down at that good-natured soul, for the next day, it was she or he who had become the luckiest person in US lottery history; an instant billionaire with US$1.54 billion in jackpot money.
On Monday night, the South Carolina Education Lottery Commission released an update that the jackpot prize had finally been claimed. While not much is known about the identity of the winner — who wishes to stay anonymous, the organisation added that it was by mere coincidence that this person won as she or he had kindly allowed a fellow lottery patron to cut ahead of the queue.
From a financial perspective, taking the lump sum amount is better than the annuity because the value of money changes over time. Even though the lump sum amount is lower than the actual prize amount, winners can maximize the cash on hand through wise investments that may yield bigger returns in the three decades to come.
South Carolina noted that the state would receive US$61 million in income taxes from the declared jackpot prize.To remain anonymous, the winner has gotten help from Jason M. Kurland, a New York lawyer known as the “Lottery Lawyer”. Kurland is known for representing other high-profile winners.that for situations involving this amount of cash, the biggest challenge would be retaining personal relationships: “It’s natural there’s going to be a strain.
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