Do you have to go public if you win the lottery in Illinois?
Beside this, can a trust claim lottery winnings in Illinois?
Moreover, some states – including Colorado, Connecticut and Massachusetts – allow players to claim their winnings anonymously through a trust to protect the name of the ticket holder. If the proposed changes in Illinois go through, jackpot winners of over $250,000 will have a similar dilemma to resolve.
Additionally, how long do you have to claim lottery winnings in Illinois? Answer: Prizes must be claimed within 365 days of the draw date. However, if you claim a jackpot prize after 60 days you are then only able to claim the prize as an annuity, which will be paid out over 26 years.
Subsequently, one may also ask, is the state of Illinois paying lottery winners?
The Illinois Lottery announced Tuesday that, without a budget or any special legislation, it won‘t be able to pay anyone winning $25,000 or more come July 1. As for those winning more than $25,000, they’ll have to press their luck for lawmakers and the governor to authorize payments, with no timetable set for that.
Do you have to announce that you won the lottery?Law changes in Illinois also allow lottery winners to remain anonymous. Laura Murphy, D-Des Plaines, was signed into law in August. It means winners of high-dollar lottery games — like the $250,000 Lucky Day Lotto ticket sold in Beardstown — are no longer required to be identified publicly. ]]>