20 Co-Workers Scoop $241 Million Powerball Jackpot
After it was confirmed that a lucky ticket holder from Iowa had scooped the highest jackpot the state had ever seen, everyone was wondering who the Powerball winner was and if they knew them. However, it was revealed yesterday that the ticket holder actually turned out to be 20 Quaker Oats co-workers in a lottery syndicate from Cedar Rapids, Iowa. The 20 co-workers are reported to be between 35 and 64 years old and they all arrived at the Des Moines lottery headquarters yesterday to claim their jackpot prize.
Each member of the syndicate, which is comprised of 18 men and two women who have named themselves the “Shipping 20 Trust”. The Powerball winners are expected to receive $5.6 million each after taxes and are opting to receive the jackpot as a cash lump sum rather than annuity payments. Each member of the syndicate was present to collect their winnings yesterday; however the syndicate has requested that their names be kept confidential. This contradicts Iowa state lottery law which requires that jackpot winners have to reveal their identities. The Shipping 20 Trust has ten working days to seek an injunction against this which is permitted under the state’s open records law.
A spokesman for the Powerball lottery said that the syndicate was “ecstatic” after matching the jackpot winning Powerball results and they hadn’t yet decided what they were going to do with their new found fortunes as they were still in shock. However, it has been revealed that 11 members of the syndicate are planning to retire after scooping the Powerball jackpot.
The Powerball jackpot rolled once again in the mid-week draw last night as none of the ticket holders managed to match the jackpot winning combination. Saturday’s Powerball prize will now stand at an estimated $60 million.
22nd November 2012, 9:52 AM