Powerball’s $425 Million Jackpot Winner Remains Elusive

Wednesday February 26th 2014 Powerball’s $425 Million Jackpot Winner Remains Elusive

PowerballThe Powerball jackpot reached a staggering $425 million before it was finally won on Wednesday 19th February but the lucky winner has yet to come forward and claim their life changing prize.

 

On record as the sixth largest jackpot in US lottery history, the prodigious prize came as a result of 15 consecutive rollovers and more than eight weeks without a top tier winner. Finally, one single ticket matched all five main numbers (1-17-35-49-54) and the Powerball number (34) drawn last Wednesday to scoop the jackpot coveted by millions of Americans.

The winning ticket was purchased in Northern California and although the winner is yet to be identified, lottery officials have said that the winning ticket was purchased at the Dixon Landing Chevron store in Milpitas, Santa Clara. The store’s owner, Kulwinder Singh, also benefitted from the big win and received a $1 million dividend just for selling the jackpot winning ticket. However, due to Kulwinder being on holiday, his son Parmeet Singh collected the check on his behalf.

Parmeet, who also works at the convenience store, collected the $1 million commission check on Thursday 20th February when he described his parents as ‘humble people’ and said he planned to tease his dad before breaking the good news.

The lucky Powerball player has now had a week to check their ticket and mull over what they plan to do with their new found fortune. If they decide to take the cash lump sum option, rather than annuity payments over 30 years, they will walk away with a fortune estimated at $242.2 million before federal taxes. As the ticket was purchased in California, the winnings are exempt from state taxes.

The winner has another 51 weeks to come forward and claim their prize but why wait? Lottery officials are strongly advising anyone who purchased a ticket from the store to check their numbers carefully and advise the winner to write their name on the back of the ticket immediately.


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