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November 29, 2007

Update: No claim on $151.9-million winning ticket yet

No one has yet claimed the $151.9-million Powerball jackpot, the ticket for which was sold in Warren at Warren Mart on Child Street.

The person who got the ticket played Quick Pick.

A person this afternoon did claim a $10,000 prize at Rhode Island Lottery headquarters in Cranston.

Besides the big jackpot, still outstanding are a $200,000 prize and a $10,000 prize purchased in Rhode Island as well.

The winning combination was: 8 -- 23 -- 32 --37-- 39 Powerball: 38.

The winner has 60 days from the validation date to make the difficult decision: annuity or cash payment.

Choose annuity, and the winner gets $151.9 million in 30 yearly installments of a little more than $3.44 million after taxes.

Chose the cash and the winner gets a lump sum of about $51.1 million after taxes.

And that’s not the only choice: When to go public? What to buy? Which long-lost relatives get your new phone number?

If you do happen to be the lucky winner, or are planning to win in the future -- aren’t we all? -- check out the FAQ section on the Powerball’s Web site.
It breaks down all of your burning questions about statistics, taxes and annuities. It also answers some questions you may not have thought of, like "Why not give 151 people $1 million each instead of one gigantic prize?"

If your question isn’t answered on the Web site, send an email. It will be answered by someone who, apparently, is quite the comedian.
-- projo.com staff writers Brandie M. Jefferson and Michael P. McKinney, with reports from Journal staff writer Meaghan Wims

Posted by Mike McKinney  at 5:15 PM | Permalink

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