SEVERE WX : Dense Fog Advisory View Alerts

20-year-old Florida man claims $450 million lottery jackpot

A 20-year-old in Florida has hit the jackpot.State lottery officials said Friday that Shane Missler of Port Ri...

Posted: Jan 14, 2018 9:58 AM
Updated: Jan 14, 2018 9:58 AM

A 20-year-old in Florida has hit the jackpot.

State lottery officials said Friday that Shane Missler of Port Richey, a Tampa suburb, came forward to claim the $450 million Mega Millions grand prize, which he won in a drawing one week ago.

The Mega Millions jackpot swelled to impressive heights ahead of Missler's win, in part because of a recent rule change that makes winning the jackpot more difficult. Twenty-three drawings rolled by before Missler's ticket lined up perfectly with all five numbers plus the Mega Millions ball in the January 5 drawing.

Missler declined to pose for photos or conduct an interview, but he hinted at his plans for the money in a statement provided by the Florida lottery.

"I'm only 20, but I hope to use it to pursue a variety of passions, help my family and do some good for humanity," he said.

The statement also says Missler "wasn't really surprised" when he realized he landed the jackpot: He had "a feeling" he would get lucky.

Related: Biggest lottery jackpots in U.S. history

The first order of business, he said, was to tell his brother. "Then, he shared the news with his father over coffee the next morning," according to the Florida lottery's release.

The $450 million prize marked the fourth-largest in Mega Millions history and the 11th-largest jackpot in U.S. history.

Missler, however, won't receive the full amount. Lottery winners only receive the jackpot's advertised amount if they choose to accept the prize via a 30-year annuity.

Like most winners, Missler chose to accept his winnings in a lump sum. That meant his prize totaled $281,874,999. Financial advisers typically recommend accepting the lump sum. The thinking goes that if the money is wisely invested, the returns can amount to a much larger payout over the next three decades.

And Missler accepted his prize money through an LLC -- named Secret 007, a lottery spokesperson confirmed to CNNMoney.

Public records show the LLC was established two days ago, on January 10, so it's likely Missler set up the firm to accept his lottery winnings.

That's smart financial planning, says Florida financial adviser Mari Adam.

"If he went to an attorney, any decent attorney would probably encourage someone who is about to receive that much money to do some estate planning," Adam said.

Setting up an LLC, she added, can help "protect what he has from frivolous lawsuits" or creditors, should Missler find himself in debt.

Huntsville/Madison
Cloudy
39° wxIcon
Hi: 46° Lo: 41°
Feels Like: 39°
Muscle Shoals
Partly Cloudy
44° wxIcon
Hi: 48° Lo: 41°
Feels Like: 44°
Huntsville/Madison
Mostly Cloudy
39° wxIcon
Hi: 47° Lo: 39°
Feels Like: 39°
Decatur
Partly Cloudy
40° wxIcon
Hi: 48° Lo: 42°
Feels Like: 40°
Fort Payne
Cloudy
40° wxIcon
Hi: 55° Lo: 40°
Feels Like: 40°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Cases: 429655

Reported Deaths: 6283
CountyCasesDeaths
Jefferson63040956
Mobile30794557
Madison27486201
Tuscaloosa20996268
Montgomery19352315
Shelby18833120
Baldwin16653184
Lee12749102
Morgan12389119
Etowah11861176
Calhoun11292201
Marshall10290113
Houston8746156
Limestone813276
Cullman8125106
Elmore7999104
DeKalb776599
Lauderdale768698
St. Clair7651121
Talladega6309108
Walker5954174
Jackson586341
Colbert539873
Blount537683
Autauga525755
Coffee450456
Dale402981
Franklin369948
Russell340711
Chilton338966
Covington332668
Escambia326043
Dallas308896
Chambers293170
Clarke287833
Tallapoosa2641107
Pike255230
Marion248953
Lawrence246649
Winston229535
Bibb218847
Geneva205446
Marengo202829
Pickens197531
Hale179542
Barbour176036
Fayette172928
Butler170858
Cherokee161930
Henry156523
Monroe149818
Randolph142135
Washington139126
Clay127645
Crenshaw121544
Cleburne119023
Lamar119021
Macon118637
Lowndes112036
Wilcox105121
Bullock101128
Perry99019
Conecuh95720
Sumter89626
Greene76623
Coosa61015
Choctaw51624
Out of AL00
Unassigned00

Tennessee Coronavirus Cases

Cases: 694291

Reported Deaths: 8556
CountyCasesDeaths
Shelby771571142
Davidson71578678
Knox39306418
Hamilton35049330
Rutherford33516288
Unassigned23161126
Williamson21679141
Sumner18454232
Out of TN1601379
Montgomery14719149
Wilson14622159
Sullivan12736212
Blount12146127
Washington12010193
Maury11079125
Bradley1093494
Sevier10589110
Putnam10001148
Madison9205180
Robertson774185
Hamblen7088112
Anderson6864107
Greene6655108
Tipton626865
Coffee567382
Gibson5671112
Cumberland544173
Dickson543579
Bedford535690
Roane526379
Carter5145115
Lawrence514269
McMinn511773
Warren502653
Loudon500050
Jefferson483876
Dyer478683
Monroe462763
Hawkins449970
Franklin415263
Fayette402151
Obion401980
Rhea384756
Lincoln381244
Marshall349238
Cocke348657
Cheatham343930
Weakley341848
Henderson334658
Campbell328640
Giles325373
Carroll314059
White312643
Hardeman311252
Hardin300048
Lauderdale295131
Macon291450
Wayne265020
Henry262958
Overton256145
DeKalb244142
McNairy242242
Haywood241045
Smith233028
Marion230831
Trousdale229314
Scott227331
Hickman225834
Claiborne217629
Fentress214233
Grainger211237
Johnson203033
Morgan191215
Crockett181338
Chester175838
Bledsoe175411
Unicoi168344
Cannon158920
Lake156620
Decatur148127
Polk144517
Union140723
Grundy140321
Sequatchie138318
Humphreys134417
Benton132535
Lewis128620
Meigs116416
Stewart107020
Jackson105423
Perry95325
Clay94626
Houston94222
Moore8179
Pickett68520
Van Buren6667
Hancock4076

Community Events