FORT WORTH (CBSDFW.COM) – Texas lawmakers are considering a bill that would allow big lottery winners to keep their identity a secret, but they would have to pay for that privilege.
Right now, Texas Lottery winners are not allowed to remain anonymous. In some cases, individuals have established a trust or turned their winning ticket over to a trust to claim the prize for them. But, Texas law requires that someone come forward to participate in a news conference and collect the money.
House Bill 1504 would change that and allow winners of more than $1 million to keep their privacy, if they are willing to part with some of their prize money. The proposed bill would allow winners to remain anonymous if they fork over 5% of their winnings. The 5% would go to the state lottery account, which is used to payout prizes, for operation and administration of the lottery, and foundation school fund.