Current:Home > InvestTwo days after $1.3 billion Powerball drawing, the winning Oregon ticket holder remains unknown -MarketLink
Two days after $1.3 billion Powerball drawing, the winning Oregon ticket holder remains unknown
EchoSense Quantitative Think Tank Center View
Date:2025-04-08 13:47:58
The winner of the eighth-biggest lottery prize in U.S. history won’t be announced for at least a couple more weeks until their ticket is verified and arrangements for the massive payment are made, Oregon lottery officials said Tuesday.
A person with a ticket matching all six Powerball numbers in Saturday’s $1.3 billion jackpot came forward Monday to claim the prize from last weekend’s drawing. They bought the ticket at a convenience store in northeastern Portland, Oregon.
For selling the winning ticket, managers of the Plaid Pantry location plan to share their $100,000 bonus. The store’s other employees typically get a cut of lottery prize bonus payments too, said Jonathan Polonsky, CEO and president of Plaid Pantry.
Lottery officials said they were taking precautions to verify the win and in order to send the winner the sum, they will need to coordinate with the Multi-State Lottery Association, which oversees the Powerball and Mega Millions lotteries. That will take time.
“We’ve never had a jackpot this large in Oregon won here. There’s a lot of moving pieces,” Oregon Lottery spokesperson Melanie Mesaros said.
Oregon has had five previous Powerball jackpot winners, including two families who shared a $340 million prize in 2005.
The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an immediate payout followed by 29 annual installments.
In Oregon, the prize is subject to federal and state taxes that whittle down the haul by a couple hundred million.
The prize was the fourth largest Powerball jackpot in history and the eighth largest among U.S. jackpot games, according to the Oregon Lottery.
The largest U.S. lottery jackpot won was $2.04 billion in California in 2022.
veryGood! (83)
Related
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Louisiana Supreme Court Justice Jimmy Genovese to lead Northwestern State
- Shoko Miyata, Japanese Gymnastics Team Captain, to Miss 2024 Olympics for Smoking Violation
- Alabama naming football field after Nick Saban. How Bryant-Denny Stadium will look this fall
- The Grammy nominee you need to hear: Esperanza Spalding
- U.S. journalist Evan Gershkovich's trial resumes in Russia on spying charges roundly denounced as sham
- Caitlin Clark's rise parallels Tiger's early brilliance, from talent to skeptics
- Former Trump Organization CFO Allen Weisselberg released from jail
- All That You Wanted to Know About She’s All That
- 'Hello Kitty is not a cat': Fans in denial after creators reveal she's 'a little girl'
Ranking
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- US appeals court allows EPA rule on coal-fired power plants to remain in place amid legal challenges
- What is CrowdStrike, the cybersecurity company behind the global Microsoft outages?
- Tennessee will remove HIV-positive people convicted of sex work from violent sex offender list
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Shane Lowry keeps calm and carries British Open lead at Troon
- Remains of medieval palace where popes lived possibly found in Rome
- Check your VPN, abortion seekers. New 'Vagina Privacy Network' aims to keep data safe
Recommendation
McConnell absent from Senate on Thursday as he recovers from fall in Capitol
British Open 2024: Second round highlights, Shane Lowry atop leaderboard for golf major
Plastics Pollution Has Become a ‘Crisis,’ Biden Administration Acknowledges
Kylie Kelce Shares Past Miscarriage Story While Addressing Insensitive Pregnancy Speculation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Former postal worker sentenced to probation for workers’ compensation fraud
Nominations for National Guard leaders languish, triggering concerns as top officers retire
Man gets 3 years in death of fiancée after victim's father reads emotional letter in court