Powerball Jackpot Winner Announcement in Oregon
Oregon authorities are set to reveal the winner of the $1.3 billion Powerball jackpot sold at a convenience store in Portland. The winner has a year to claim the prize and can choose between a lump sum or annual installments over 30 years.
Key Points
- Winner of the $1.3 billion Powerball jackpot sold in Portland to be publicly revealed
- Jackpot has a cash value of $621 million if winner chooses lump sum
- Prize subject to federal and state taxes in Oregon
- Fourth-largest Powerball jackpot in history, eighth largest among U.S. jackpot games
Pros
- Excitement around the reveal of the $1.3 billion Powerball jackpot winner
- Winner has the option to choose between a lump sum or annual installments
Cons
- Oregon law requires lottery players to be identified, limiting anonymity for winners