$254M Lottery Winners: Loaded Financiers

Trio waited a month to claim giant prize
By Matt Cantor,  Newser User
Posted Nov 29, 2011 10:18 AM CST
From left, Tim Davidson, Brandon Lacoff and Greg Skidmore, three asset managers from Greenwich, Conn., claim a $254 million Powerball prize.   (AP Photo/Pat Eaton-Robb)
camera-icon View 1 more image

(Newser) – A trio of loaded Connecticut businessmen dropped $1 on a lottery ticket, and won an extra $254 million for their trouble. It’s the biggest payout the state’s lottery has ever awarded, the New York Post reports. The three owners of an asset-management company were in no rush to pick up their prize, it seems: They accepted it yesterday after a month in the shadows, driving lottery officials to put up billboards seeking the winners.

One of the winners, Tim Davidson, bought the ticket at a gas station, which wins $100,000 for selling the ticket. “Christmas comes a little early this year,” said its owner. Davidson and fellow victors Brandon Lacoff and Greg Skidmore arrived in a giant limo to pick up their giant check. They’ve established a trust to handle the money; it will receive $103.5 million in cash after taxes. Much of the money will go to charity, said the men’s lawyer. “This is going to benefit many people.”

My Take on This Story
Show results without voting  |