Apparently, we have a winner of last night’s $750 million Powerball jackpot. The fact that we knew about 12 hours after the winning numbers were drawn feels odd.
Don’t get me wrong, if I won that kind of dough I’d be wanting to shout it from the rooftops, but my first calls would be to the best lawyer and best financial advisor I can find. Get those people on retainer, make sure I have all of the legal aspects tied up, and then go public.
— CNN Breaking News (@cnnbrk) August 24, 2017
She seems like a nice lady. I hope she’s protected.
From CNN Money:
Mavis Wanczyk, 53, landed the largest single lottery jackpot ever in the United States — the $758.7 million grand prize in Wednesday’s Power Ball.
The winning ticket (6, 7, 16, 23, 26, and Powerball number 4) was purchased at the Pride Station & Store in Chicopee, Massachusetts.
Wanczyk said she discovered Wednesday night while leaving work at the Mercy Medical Center that she had won. A co-worker looked at her ticket and told her she had won. He told her to immediately sign the back of the ticket. She couldn’t believe it.
“I couldn’t drive anywhere. I couldn’t do anything,” she told reporters. She said her co-worker followed her home to make sure she was OK.
Wanczyk, who has two adult children, said her big plan is to retire early, and she’s already called her boss and said, “I will not be coming back.” Asked what she planned to do to celebrate Thursday night, she responded, “I’m going to just hide in my bed.”
Wanczyk won’t get the full jackpot — lottery winnings are taxed like income.
The IRS taxes the top income bracket 39.6%. The government will withhold 25% of that before the money ever gets to the winner, and the rest has to be paid at tax time.
Wanczyk has a choice between collecting the whole $758.7 million prize, spread out over 30 annual payments, or an upfront lump sum payment of $480.5 million. Neither Wanczyk nor lottery officials said which she had chosen at Thursday’s press conference. But virtually all jackpot winners chose the lump sum payment.