Winner from Pennsylvania Wins $86.3 Million
It has just been announced by the Pennsylvania Lottery officials that a single jackpot-winning ticket worth $86.3 million from the Powerball draw that was held on Aug. 2, 2008 does exist. The officials said that the ticket was sold at Turkey Hill, 2921 Willow Street Pike and Willow Street, Lancaster County. Ed Trees, Executive Director of the Pennsylvania Lottery said, “I am happy to announce that Turkey Hill on Willow Street sold the winning ticket from Saturday night’s drawing. The latest win is the tenth time our lottery has sold the winning Powerball jackpot ticket since we joined the game in June 2002.”
The ticket that won the jackpot matched all five white balls, 02-05-28-33-54, and the red Powerball number, 30, in the draw. The winner gets an annuity value of $86.3 million and a cash value of $42,529,765.37, less 25 percent federal withholding. The winner gets a year from the date the draw was held to claim his money and 60 days from the day he claims the money to decide whether he wants one lump sum payment or a payment spread over 29 years.
The officials of the lottery cannot confirm the winner’s identity till he claims the prize and his ticket is validated. To date, no one has claimed the prize. The lottery wants the winner to sign the back of the ticket, contact a financial advisor, and then contact the PA Lottery. The place where the winning ticket was sold will get a $100,000 bonus for selling the winning jackpot ticket.