South Dakota Cowboy Sells Ranch He Bought With $232.1 Million Powerball Winnings for $37 Million

After South Dakota cowboy Neal Wanless won a $232.1 million Powerball jackpot in 2009, he spent some of the winnings on a roughly 50,000-acre ranch north of Rapid City. Now he has sold that ranch for $37 million, more than double what he paid, according to listing agent Robb Nelson of Hall and Hall.

Mr. Nelson said to his knowledge, it is the most expensive ranch ever sold in the state. Previously, the record was held by the $32.4 million sale of the Triple U Ranch, which was featured in the movie "Dances with Wolves." That property was purchased in 2015 by a company tied to media mogul and major American landowner Ted Turner, Mr. Nelson said.

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Mr. Wanless listed the ranch in September 2020, asking $41.15 million. The price was later lowered to $37.5 million, Mr. Nelson said. He said the buyer is the Kansas-based farm and ranching outfit J-Six South Dakota Land Holdings, which is headed by Daniel E. Gerety II, corporation records show.

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