Protecting yourself and money after winning the lottery

Lucy Bush
August 27, 2017

Richard Lord lived for 15 years with the woman who just won a $758 million Powerball lottery jackpot.

"I've called them and told them that I will not be coming back", Wanczyk said. "I had a pipe dream and my pipe dream has finally come true". She bought three tickets with numbers she chose along with two computer-generated tickets.

The winning ticket was sold at the Pride Station & Store in Chicopee, in Western Massachusetts. "We're happy for our customer, and we're happy for the charities". "He says, 'Sign that ticket now, '" she told reporters Thursday.

Michael Sweeney, executive director of the state lottery, said in a statement Thursday morning that the mix-up over where the ticket sold was due to information being "transcribed incorrectly" when the names of shops that sold all the winning tickets were being manually recorded.

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"They couldn't all be making the same mistake", Bolduc said. He said the Chicopee store will receive $50,000 for selling the winning ticket, he said.

"We apologize for the confusion this created and remain thrilled that a jackpot winning ticket and two $1 million winning tickets were sold here in MA", he said.

The jackpot victor has the option to claim their prize in 29 yearly installments, or one lump sum that would amount to around $443.3 million, minus federal and state taxes.

The one-time cash option for Wednesday's jackpot was set earlier in the day at roughly $443 million by the multi-state lottery game that is played in 44 states, the District of Columbia, Puerto Rica and the U.S. Virgin Islands.

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Tom Rietz, a professor at the University of Iowa who researches probabilities, says it's hard for people to fathom what odds of one in 292.2 million mean.

A winning ticket matches five numbers drawn between 1 and 69 while the "Powerball" number is drawn from 1 to 26.

According to the official Powerball website, the next jackpot to be awarded Saturday night is valued at $40 million.

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Other reports by Info About Network

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