Las Vegas Massacre: Families of victims to receive $275k each

The Las Vegas Victims Fund on Friday announced that the $31.5 million victims’ fund that started as a GoFundMe effort will see each family of the 58 victims that were killed in the deadliest mass shooting get $275,000.

Stephen Craig Paddock, 64, a resident of nearby Mesquite, Nevada, on Sunday, October 1, 2017, opened fire on a country music festival taking place at Las Vegas Village from a room across the street in the Mandalay Bay Hotel.

The late Mr. Paddock killed 58 people and wounded more than 515 in the deadliest mass shooting in modern U.S. history.

According to the Las Vegas Victims Fund,  the maximum $275,000 will also be paid to 10 other people who were paralyzed or suffered permanent brain damage in the Oct. 1 shooting.

It was also reported that the nonprofit posted a chart projecting payments on a scale to a total of 532 people, including more than $10 million divided among 147 people who were hospitalized.

The Victims fund spokesman, Howard Stutz said the nonprofit expects to pay 100 percent of the funds raised, with payouts beginning Monday.

The New York Post reported that the fund grew into a nonprofit corporation after receiving more than 90,000 donations, with nearly 40 percent coming from southern Nevada gambling, tourism and entertainment companies.

The site also added that Students, faculty and staff at a high school in suburban Henderson raised more than $66,000 through T-shirt sales, and a Vegas Strong benefit concert that raised nearly $700,000.