The Powerball lottery is known for its amazing Jackpots. A recent win in Oregon has showed this once again. Steven Nickell from Salem can call himself a multi-millionaire now, since he had the winning ticket of the 150.4 million in the Oregon Lottery! The Jackpot fell last July, so Nickell probably had the best summer of his life.
The high Jackpots of the Powerball Lottery
Powerball is a popular lottery, which is organized all across the United States. You can participate in 44 states and tickets are also sold in District of Columbia, Puerto Rico and the US Virgin Islands. The multi-state Jackpot often has a very high value because a portion of each lottery’s Powerball sales is pooled. This is why the Jackpot wins of Powerball are often historically high.
From 600 dollars to 150 million dollars
A couple of months ago Nickell went to Liberty Street in Salem to buy a ticket for the Oregon Lottery at the Circle K. He was probably impressed by the high value of the Jackpot this time. Nickell had been a regular player for a long time and always checks his tickets during lunch. The lucky guy first enjoyed a hamburger before he looked at the numbers. Although he realized he’d won a lottery prize, Nickell didn’t realize it was so much money. He first thought it was 600 dollars, which is nice as well. But nothing compared to 150.4 million dollars!
When a player wins more than 600 dollars he or she usually has to go to the lottery office. Nickel still thought he had 600 dollars in the pocket and decided to buy a nice present for his wife for Independence Day. When Nickell returned home, his wife checked the numbers. She then realized her husband could be her a lot of nice presents now. The winning numbers were not worth 600 dollars, but 150 million dollars! After taxes the couple will receive a lump sump of 61 million dollars.
Shocked, guilty and incredibly happy
Mrs. Nickel stated that she couldn’t stop shaking when she realized how her life will change now. Her now very rich husband also to the press about his win. First he actually felt a bit guilty, he told journalists. Then he realized that everyone plays the game and that’s simply the guy who was lucky enough to win. He’s very happy that he and his family never have to worry about money again. The new millionaire also wants to be careful with his money, so he hired a lawyer and a financial planner.
A lottery full of big winners
The Oregon Lottery was established in 1984 and since then a lot of residents have won money. There were only a few to win more than 100 million dollars though, including Nickel. Other lucky winners were the West and Chaney families of Medford (340 million dollars) and Dan Gannon of Milwaukie (182.7 million dollars). They won in 2006 and 2005 respectively and followed into the footsteps of Robin Powell of Beaverton, who was the lucky winner of 33.8 million dollars in 1999 and the Givens family of Eugene, who were able to retire in 1992 because of a 38.4 million dollar win.
Winners in 2018
Powerball has made a lot of people happy, and this year is no exception. Several people have won more than million dollars over the past few months, including Ronald Ceci. This winner from Grants Pass now has more than 2 million dollars on his bank account. Ceci doubled his win with the so called ‘Power Play’ option, which only costs 1 dollar more. Because of this Ceci won more than Reggie Pearne of Jacksonville, who was the lucky winner of the 1 million dollar Powerball Jackpot.
Claim your prize
Perhaps you’re a participant of one of the Powerball lotteries who hopes to win one day. Make sure that you always put your signature on the back of the ticket. By doing so, you can always claim your prize if you win, whether it’s the Jackpot or a smaller prize. If it happens to be a big prize of more than 50.000 dollars, you should take contact with a financial planner immediately or a similar professional. Together you can make a plan for your financial future.
Money to charities
The Oregon Lottery is not only good for its participants. It also donates money to economic development, education and other important causes. Since the first tickets were sold in 1985, the Oregon Lottery has earned more than 11 billion dollars for public education, state parks and economic development. In the past two years these causes received more than 55.2 million of the proceeds of the Oregon Lottery!