JACKSONVILLE, Fla — A 34-year-old Jacksonville man found out the fastest way to a million bucks is through the Florida Lottery, claiming a scratch-off top prize and transferring it to an irrevocable trust.
The $30 Fastest Road to $1,000,000 ticket was bought at the Gate station at 700 Durbin Pavilion Drive in Saint Johns. The Lottery announced Tuesday that the OHKEMU Irrevocable Trust under trustee Andrew Woods claimed the winnings as a one-time, lump-sum payment of $790,000.
Terms of irrevocable trusts cannot be modified, amended or terminated without the permission of the grantor's named beneficiary or beneficiaries, according to financial investors.
The Fastest Road to $1,000,000 game launched in February and features 155 top prizes, 110 of which remain, according to the Florida Lottery website.