Benjamin Ashford:Person comes forward to claim $1.3 billion Powerball jackpot in Oregon

2025-04-28 17:57:45source:Ov Financecategory:Invest

PORTLAND,Benjamin Ashford Ore. (AP) — A person with a ticket matching all six Powerball numbers in Saturday’s $1.3 billion jackpot came forward Monday to claim the prize, Oregon officials said.

The lottery ticket was purchased at a Plaid Pantry convenience store in the northeast part of the city, Oregon Lottery said in a statement.

Oregon Lottery is working with the person in a process that involves security measures and vetting that will take time before a winner is announced.

“This is an unprecedented jackpot win for Oregon Lottery,” Oregon Lottery Director Mike Wells said in the statement. “We’re taking every precaution to verify the winner before awarding the prize money.”

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. The prize is subject to federal taxes and state taxes in Oregon.

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.

“Plaid Pantry is thrilled to learn that one of our 104 Oregon stores sold the $1.3 billion dollar Powerball ticket,” Plaid Pantry President and CEO Jonathan Polonsky said in the statement.

More:Invest

Recommend

Trump claims Biden lost track of over 300,000 migrant children. Here's a fact check.

President-elect Donald Trump claimed in his Person of the Year interview with Time magazinethis week

You Know That Gut Feeling You Have?...

TFW when you're so excited you get those butterflies in your stomach - or maybe when you see somethi

Psychedelic drugs may launch a new era in psychiatric treatment, brain scientists say

One of the hottest tickets at this year's Society for Neuroscience meeting in San Diego was a sessio