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"The winner may still be waiting for the dust to settle and to get his or
her affairs in order," says Virginia Lottery Executive Director Penelope W.
Kyle. "We always advise all of our winners to obtain financial and legal
advice before they make the necessary decisions required by the Lottery in
order to claim their winnings."
The ticket will expire 180 days after the drawing, which means the winner has until August 17, 2004 to claim the prize. If that happens, he or she can take the $239 million in 26 annual payments of $9.19 million per year before taxes or a one-time cash option of approximately $141.5 million before taxes. "That's not happening,'' he said. "The money is being shared with other states. We should not be involved in this lottery unless the entire proceeds come to us.'' |