The trustees are: Tim Davidson, who bought a single, $1 ticket, Brandon Lacoff and Greg Skidmore.
(CNN) -- Three Connecticut asset managers claimed the largest Powerball jackpot in the state's history on Monday.
Co-workers Tim Davidson, Brandon Lacoff and Greg Skidmore claimed the November 2 prize, that netted them $103.5 million at a presentation by the Connecticut Lottery Corporation.
The jackpot for that drawing was $254 million if the winners had taken a multi-year payout. Instead they opted for a one-time cash payout that totaled $103,586,824.51, according to Connecticut Lottery spokeswoman Linda Tarnowski.
It was the 12th largest jackpot in Powerball history, according to Anne Noble, president of the Connecticut Lottery.
"Everybody is extremely excited -- these numbers are huge," said the trio's attorney, Jason Kurland. "This is going to benefit many people."
Kurland spoke on behalf of three winners, all asset managers at start-up firm Belpointe Asset Management in Greenwich, Connecticut. He said that the men will donate "a significant amount" of the winnings to charities in the state.
Davidson bought the $1 ticket at a gas station in Stamford, Kurland said.
After realizing they had a winning ticket the following morning, the three co-workers formed the Putnam Avenue Family Trust -- each becoming a trustee.
"They have become their dream client," Kurland said of the asset managers.
Skidmore was the only one of the three winners to speak at Monday's press conference.
|What we want Apple to unveil at WWDC|
|Millennials squeezed out of buying a home|
|7 traits the rich have in common|
|Big Data knows you're sick, tired and depressed|
|Your car is a giant computer - and it can be hacked|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.19%||4.23%|
|15 yr fixed||3.18%||3.23%|
|30 yr refi||4.15%||4.14%|
|15 yr refi||3.17%||3.16%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|