SUBSCRIBE KT QUICK LINKS KT Mobile
COMPETITIONS CITY TIMES wknd. E-PAPER
Khaleej Times
Khaleej Times Google Plus Page Khaleej Times Facebook Page Khaleej Times Twitter Page Khaleej Times RSS Feeds
   
  UAE Sports
  Cricket
  Football
  Horse Racing
  Tennis
  Sports Talk
   
   
  wknd.
  Indulge
  Inspired Living
   
   
  Classifieds
  Properties
  Used Cars
   
Home > International
 
Record Powerball winner is man in 30s

(AP) / 8 December 2012

The second winner in last week’s $587.5 million Powerball drawing is a married man in his 30s from a wealthy Phoenix suburb, lottery officials said on Friday.

The man remained anonymous, and his prize was announced by officials who said he bought $10 worth of tickets and kept the winning slip in the visor of his car before coming forward.

The man opted to take the pretax cash option of $192 million. Lottery officials said his wife owns half the prize because Arizona is a community property state.

“He and his wife couldn’t believe it,” lottery official Karen Bach said. “They checked the numbers over and over again — absolutely shocked.”

Bach said the man is financially savvy and wants to take time to make a solid financial plan and set up a charitable entity to aid causes that he and his wife support.

They told lottery officials they likely would keep working.

The ticket was sold at a convenience store in Fountain Hills, northeast of Phoenix.

A mechanic and his wife, Mark and Cindy Hill, of Dearborn, Missouri, already have claimed their half of the multistate Powerball prize.

The jackpot was the second-largest in U.S. history and set off a nationwide buying frenzy. At one point, tickets were selling at nearly 130,000 a minute.

Before the Nov. 28 drawing, the jackpot had rolled over 16 consecutive times without any winners. In a Mega Millions drawing in March, three ticket buyers shared a $656 million jackpot, the largest lottery payout of all time.

Lottery officials said Friday the second winner has a job as a professional, lived in Pennsylvania until about a year ago, and only played the lotto twice since moving to Arizona.

He quickly decided to claim the money this year — as opposed to waiting until 2013 for tax reasons — because “he did have concern with the uncertainty with the fiscal cliff in 2013,” Bach said.

Bach was referring to a combination of automatic tax increases and spending cuts that will take effect in January unless Washington and a divided Congress can strike a deal to avert them.

 

For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes, and on Twitter at @khaleejtimes

Comments
comments powered by Disqus