Can a Lottery Winner Really Remain Anonymous? Just Ask Fox Rothschild
In light of the winning ticket being sold for the record Mega Millions jackpot this week, we thought it appropriate to revisit a popular local story from earlier this year that shows one way lottery winners can reap their rewards without drawing unwanted attention to themselves.
October 24, 2018 at 05:58 PM
4 minute read
Editor's note: In light of the winning ticket being sold for the record Mega Millions jackpot this week, we thought it appropriate to revisit a popular local story from earlier this year that shows one way lottery winners can reap their rewards without drawing unwanted attention to themselves.
Did you win the record $1.5 billion Mega Millions jackpot this week? Wait, don't tell us. In fact, if you did win, you may not want to tell anyone other than a trusted attorney.
Earlier this year, a Fox Rothschild partner in the suburbs of Philadelphia was called upon to be that attorney for some very lucky clients.
According to the Pennsylvania Lottery, an entity called Emerald Legacy Trust in late April claimed a Pennsylvania Lottery Powerball jackpot valued at $456.7 million. The Associated Press reported that Fox Rothschild partner Andrew Santana signed the ticket and claim form along with the trust, opting to receive a $273.9 million cash prize, which comes out to $199.8 million after federal and state taxes.
Santana, who is managing partner of Fox Rothschild's Blue Bell office, said in a statement at the time that he understood the curiosity around the winners' identity, but they intended to remain anonymous.
“In order to ensure the winners' privacy and financial and physical security, we have elected to present the winning Powerball ticket and claim the prize through a trust, for which I am acting as trustee,” Santana said. “My clients live and work in small communities in Pennsylvania and desire to maintain normalcy in their daily lives. We strongly believe that maintaining anonymity is critical to ensuring that normalcy.”
The jackpot annuity value of $456.7 million actually outweighs Fox Rothschild's gross revenue for 2017 by several million dollars—the firm reported revenue of $450 million for the year.
Santana started at Fox Rothschild as an associate. He was promoted to partner in 2012, and became the Blue Bell managing partner just over two months ago.
According to his firm profile, he works with family businesses and other privately held businesses, entrepreneurs and investors on a variety of issues including corporate, real estate, tax and regulatory matters.
The drawing took place March 17, and the winning ticket was purchased at a Speedway in Manheim Township in Lancaster County. The jackpot was the eighth largest in Powerball history, and the largest ever awarded by the Pennsylvania Lottery.
According to Lancaster County newspaper LNP, lottery officials have said they were not aware of any other instances in Pennsylvania when a winner used a trust to accept a jackpot anonymously. The Pennsylvania Lottery usually releases the first and last name of the winner, and where they live.
As of Wednesday afternoon, the identity of the holder (or holders) of the winning $1.537 billion Mega Millions ticket, which was sold in South Carolina, was unknown. It remains to be seen whether it will stay that way, but if the winner or winners do wish to keep their identities under wraps they may not need to find a workaround to do so: South Carolina is one of only a handful of states that give lottery winners the option to remain anonymous.
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