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Winning $400Million Powerball ticket brings revenue to SC

Winning $400Million Powerball ticket brings revenue to SC

From our News Partners at WCBD-TV:


Winning $400 Million Powerball Ticket Sold in SCWinning $400 Million Powerball Ticket Sold in SC  

A jackpot approaching $400 million had people across America buying Powerball tickets before Wednesday night's drawing, but only one ticket had all the right numbers and it was sold in South Carolina.

At a Thursday morning news conference, Paula Harper Bethea, executive director of the South Carolina Education Lottery, stood in front of the Murphy Express store on Highway 1 in Lexington, where the winning ticket was sold Wednesday afternoon.

The winner or winners haven't come forward yet. "This is a life-changing event. There are a lot of zeroes in the amount of money this person or these persons are going to get," she said.

If the winner takes the lump-sum cash option, he'll get $223 million. If he takes the annuity, he'll get $399.4 million paid out over 29 years, or about $13.77 million a year.

Since the winner hasn't come forward, no one knows if it's someone from South Carolina or someone who was passing through the state. The convenience store that sold the winning ticket is just off I-20.

Read how Lexington is reacting

If the winner or winners are from South Carolina, it's also a jackpot for the state. The state will get $15.61 million in state taxes on the lump-sum cash payout. That money goes into the general fund.

But the large jackpot has also been a winner for education in the state. Lottery officials say every time there's a big run on Powerball or MegaMillions tickets because of a large jackpot, it means an additional $3-4 million to education in the state.

The winning lottery numbers were: 7-10-22-32-35 with a Powerball of 19. Bethea says the winning ticket was a "quick pick", which means the machine chose the numbers automatically, rather than the player choosing specific numbers.

Image courtesy of WCBD-TV.

 

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