Latest news with #PyrrhicFundingTrust
Yahoo
04-04-2025
- Business
- Yahoo
Multi-million winning ‘Bonus Bucks' ticket claimed by Massachusetts trust
DORCHESTER, Mass. (WWLP) – A winning lottery ticket sold in Woburn has been claimed by a trust in the Massachusetts State Lottery's '$4,000,000 Bonus Bucks' instant ticket game. Springfield lottery winner plans to use winnings for home repairs The Massachusetts State Lottery states that the Pyrrhic Funding Trust of Chelmsford, represented by trustee Susan Atlas, has claimed a $4 million prize in the Bonus Bucks game. The trust chose to receive the prize in the form of a one-time payment of $2,600,000 before taxes. The ticket was purchased at Gulf on Montvale Ave in Woburn, which will receive a $40,000 bonus for its sale of this ticket. In Massachusetts, when a large lottery prize is won, it is required to be identified to the public when you claim the winnings. However, an increasingly popular choice to get around this is to claim the winnings through a trust. A trust is allowed to accept the winnings because the trust is the legal titleholder of the property, the lottery ticket in this case. Lottery winners can hire a trust to claim the prize for them and keep their identity a secret. However, this does come at a cost. Costs will vary depending on which lawyer you go through. WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-04-2025
- Business
- Yahoo
$4M lottery prize won on scratch ticket purchased in Woburn
A $4 million lottery prize was recently won on a scratch ticket purchased at a gas station in Woburn. Pyrrhic Funding Trust of Chelmsford claimed the '$4,000,000 Bonus Bucks' instant ticket game prize on behalf of the winner, according to the Massachusetts State Lottery. The trust, represented by Susan Atlas, opted to receive its prize in the form of a one-time payment of $2,600,000. The winning ticket was purchased at the Gulf at 328 Montvale Avenue. The store receives a $40,000 bonus for its sale of this ticket. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
