Illinois Lottery Winners
The Facts. Being a lottery winner can be an exciting, yet potentially stressful event. There are both immediate and long term decisions to make which can affect one's lifestyle, privacy and even the amount of the eventual lottery winnings. Bo understands this. He has been through the 'winning lottery ticket' experience with lottery winners and his advice has been also sought out by attorneys who have themselves had lottery winners for clients.
Bo's Expertise. Additionally, as a result of Bo's own experience with his lottery winner clients, he has co-authored a training course presented to a national organization of attorneys entitled 'Representing and Counseling the Lottery Winner From Claiming the Prize to Providing Estate Planning.' Bo's impetus to author and produce this course was to provide attorneys nationwide with his own experiences in representing and counseling lottery winners and his desire to better assist these winners of sudden wealth.
Bo's Top Seven for Lottery Winners. Based upon Bo's first hand experience in representing lottery winners, his 'Top Seven' recommendations for Lottery Winners are as follows:
- Properly secure the winning ticket (i.e. a portable fireproof safe, a safety deposit box);
- Make multiple copies of the winning ticket and put them also in safe keeping (i.e. consider two separate safe keeping receptacles);
- Maintain as much privacy and limit disclosure of the winning ticket as much possible;
- Consider claiming the winning lottery prize through a 'blind trust' to protect your identity. Many states permit a lottery winner to utilize a blind trust to claim the winning monies in order to protect the winner's identity and privacy. I have used this method and it has been very successful for the lottery winners. In one such circumstance, my client claimed their winning lottery prize and his neighbors and many of his family neighbors to this day, do not know that he is a successful and wealthy lottery winner;
- Before 'officially' claiming the lottery prize, consider reviewing with an attorney and an accountant, the legal, tax and accounting ramifications of winning and claiming the lottery prize. In one lottery case, because the client hired Bo and his team, the client was able to actually 'increase' the amount of the lottery winnings due exercising certain options available to the lottery winner.
- Put into place a temporary estate plan;
- Call The Loeffler Law Firm (419-732-1041) for legal representation in both determining the best options for claiming the prize, maintaining privacy (if that is desired) and then protecting the proceeds through proper asset protection and estate planning strategies.
- The official lite app of the Illinois Lottery has arrived in the Google Play Store! Download the app to scan your draw tickets on the go and check the latest lottery results for Powerball®, Mega Millions®, Lotto, Lucky Day Lotto®, Pick 3 plus FIREBALL®, and Pick 4 plus FIREBALL®. This app does not allow users to purchase tickets. Please visit our website to purchase tickets for our online.
- Through a records request to the Illinois Lottery, we got a list of the places in Central Illinois where all winning tickets were sold in the last five years; both instant win scratch-offs and draw tickets. We want to win big, so we only considered prizes of $5,000 or more. That turned up more than 1,200 hits. We plotted them on a map.
Your source for all the latest IL Lotto numbers from the past five draws. The results are posted here just after the drawing takes place every Monday, Thursday and Saturday at 9:22 PM CST – so be sure to check back often to see if you’re a winner!
Tip on picking winning lottery numbers. On January 13, 2016, couple John and Lisa Robinson won a third of the historic $1.58 billion Powerball jackpot.Like the other two winners, the Robinsons chose to take their winnings as a lump sum, getting $327.8 million before taxes.
Click the “Prize Payout” button under each draw to see the prizes and winners in each category for that date.
Lotto is an Illinois-exclusive draw game with a multimillion-dollar jackpot starting at $2 million that rolls over until someone wins it. Add Extra Shot for six more chances to win non-jackpot prizes. Read more on the How to Play Illinois Lotto page.
Prizes are valid for one year after the draw. To check your older tickets, scroll to the bottom of the page and click “Lotto Past Results” to see winning numbers back to May 2009.
The Illinois Lotto has a minimum jackpot of $2 million, but as the jackpot has no rollover cap and will roll over until it is won, jackpots can often run into the tens of millions. Jackpot winners can choose to receive their winnings either in a lump sum or as an annuity over 26 years.
Lottery Winner Representation :: Loeffler Law Firm
The highest jackpot ever won was back in 1989 when four people shared $69.9 million, which is the equivalent to approximately $146 million today. The winners included Ron Miller, a hog buyer in Little York, Dan Dixon from Naperville, Pat Baerske who bought the winning ticket in O'Fallon and Barbara Lambert from Windy City itself.