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LaKoma Island Investments LLC Claims $1.5 Million Maine Lottery Prize

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Maine Lottery officials have revealed that LaKoma Island Investments LLC has claimed the $1.5 million Mega Millions prize.

Description: A photograph of a Maine Lottery official presenting a large check to a representative from LaKoma Island Investments LLC.

A Maine Lottery representative has revealed that LaKoma Island Investments LLC has claimed the $1.5 million Mega Millions prize, winning the draw on December 16th, 2020.

State Lottery official, Michael Bordman, said a representative of the winner, LaKoma Island Investments LLC, came to lottery headquarters last week to collect their prize in cash. The winner chose to accept their winnings through the limited liability company, LaKoma Island Investments LLC, instead of receiving the full amount in payments over time.

The winner, who chose to remain anonymous, is the first in Maine to have ever collected a large lottery prize through a limited liability company.

LaKoma Island Investments LLC is based in Utah and is affiliated with the Church of Jesus Christ of Latter-day Saints (LDS) and its investment arm. It is believed that the winner chose to collect the cash option through the LLC to protect their identity.

The winner is the fourth person or group to have won the Mega Millions in the state since it began in 2004. The prior three winners all chose to remain anonymous and accepted their winnings in installments over time.

The Maine Lottery will be reimbursing the state for the prize money, which was drawn from the general fund, and will be using the funds for educational programs, as is common with other state lotteries.

The Mega Millions is one of the two multi-state lotteries offered in Maine, with the other being the Powerball. The Mega Millions has a starting jackpot of $20 million and the Powerball has a starting jackpot of $40 million.

The last biggest prize winner in Maine was in 2009, when a father and son team won a $2 million Powerball prize.

The Maine Lottery is celebrating the win with LaKoma Island Investments LLC and wishing them the best of luck with their new found wealth.

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