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

MGN Online Photo

'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.'

Posted: Jan 12, 2018 5:33 PM

(CNN Money) -- 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 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.

The-CNN-Wire
™ & © 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved.

Huntsville
Clear
76° wxIcon
Hi: 88° Lo: 73°
Feels Like: 76°
Florence
Clear
78° wxIcon
Hi: 93° Lo: 74°
Feels Like: 81°
Fayetteville
Overcast
73° wxIcon
Hi: 83° Lo: 72°
Feels Like: 73°
Decatur
Clear
73° wxIcon
Hi: 93° Lo: 71°
Feels Like: 73°
Scottsboro
Overcast
73° wxIcon
Hi: 92° Lo: 74°
Feels Like: 73°
WAAY Radar
WAAY WAAY-TV Cam
WAAY Temperatures

Alabama Coronavirus Cases

Confirmed Cases: 99926

Reported Deaths: 1781
CountyConfirmedDeaths
Jefferson13258244
Mobile10517207
Montgomery6835149
Madison544734
Tuscaloosa423076
Baldwin365125
Unassigned363064
Shelby330936
Marshall318937
Lee270047
Morgan241118
Etowah216232
DeKalb183013
Calhoun180717
Elmore173138
Walker153964
Houston141912
Russell13872
St. Clair135418
Limestone134913
Dallas133123
Franklin128820
Cullman122712
Colbert120716
Lauderdale118919
Autauga117421
Escambia108717
Talladega104814
Jackson10144
Tallapoosa86579
Chambers84438
Dale83525
Clarke82610
Blount8124
Chilton8097
Butler76736
Coffee7646
Covington73720
Pike7087
Marion58026
Barbour5765
Lowndes57324
Marengo56515
Hale47826
Bullock46611
Winston45711
Perry4454
Washington44312
Bibb4425
Wilcox43210
Monroe4215
Pickens4049
Randolph40310
Conecuh39310
Sumter36418
Lawrence3512
Macon33914
Crenshaw3265
Choctaw28712
Cherokee2758
Henry2643
Clay2635
Geneva2631
Greene25211
Lamar2292
Fayette2125
Cleburne1271
Coosa1033
Out of AL00

Tennessee Coronavirus Cases

Confirmed Cases: 123914

Reported Deaths: 1233
CountyConfirmedDeaths
Shelby23485308
Davidson20722217
Rutherford658955
Hamilton622053
Knox468540
Williamson357725
Sumner344972
Unassigned31424
Out of TN294714
Wilson232123
Bradley195613
Montgomery195213
Sevier18947
Putnam178518
Trousdale15836
Robertson156720
Hamblen140514
Blount131411
Washington12772
Maury12727
Tipton121110
Madison116018
Sullivan103714
Hardeman93017
Bedford92811
Macon86013
Lake7920
Loudon7493
Gibson7266
Bledsoe7081
Fayette7028
Dickson6982
Anderson6936
Dyer6638
Henderson6043
Cheatham5997
Jefferson5844
Obion5794
Lawrence5756
McMinn55320
Coffee5483
Rhea5382
Warren5334
Carter5246
Lauderdale5148
Haywood5106
Greene5048
Roane4852
Hawkins4837
Hardin4828
Cocke4783
Weakley4634
Cumberland4586
Smith4554
Monroe4529
Giles38513
McNairy3815
DeKalb3652
Franklin3324
Carroll3253
Lincoln3091
Marshall3044
White2945
Henry2900
Johnson2850
Claiborne2760
Hickman2730
Crockett2695
Campbell2541
Wayne2282
Marion2274
Chester2232
Decatur2163
Polk2073
Grainger2000
Overton1981
Unicoi1690
Union1620
Benton1591
Cannon1510
Jackson1291
Humphreys1283
Morgan1261
Scott1220
Grundy1142
Meigs1060
Sequatchie1060
Fentress960
Hancock812
Perry810
Clay780
Stewart780
Lewis741
Moore610
Houston590
Pickett371
Van Buren360

Community Events