The 12th biggest Powerball lottery was November 2nd's $254 million jackpot, and the winning number came up in Connecticut. Today, the winners stepped forward and it turns out they are Greenwich-based wealth managers who formed a trust to protect their winnings. According to the Hartford Courant, "At a press conference at lottery headquarters, an attorney for the trust said one of the men, Tim Davidson, has purchased a single $1 ticket at a Stamford gas station. Jason Kurland, the attorney, declined to discuss the relationship among the men, other than to say they all work at Belpointe LLC, which described itself on its website as offering wealth management, real estate and legal services."
Davidson, Brandon Lacoff and Greg Skidmore are taking the cash payout of $104 million after taxes. They claim a "significant portion" will go to charity. The Greenwich Time reports, "Belpointe LLC...has been an anchor sponsor of the Greenwich Wiffle Ball Tournament, a town-wide competition created after a group of teens were evicted from a field they built on a vacant municipal property in Riverside in 2008." Still, this doesn't feel as good as the story about the NY State workers who won the $319 million lottery earlier this year.
The gas station that sold the ticket will get $100,000.