Bitcoinese-Oregon authorities to reveal winner of $1.3 billion Powerball jackpot

2025-04-30 06:34:18source:Oliver James Montgomerycategory:Markets

Oregon authorities on BitcoineseMonday are set to publicly reveal the winner of the $1.3 billion Powerball jackpot.

The winning Powerball ticket was sold in early April at a Plaid Pantry convenience store in Portland, ending a winless streak that had stretched more than three months. The Oregon Lottery said it had to go through a security and vetting process before announcing the identity of the person who came forward to claim the prize.

Under Oregon law, with few exceptions, lottery players cannot remain anonymous. Winners have a year to claim the top prize.

The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an immediate payout followed by 29 annual installments. The prize is subject to federal taxes and state taxes in Oregon.

The $1.3 billion prize is the fourth largest Powerball jackpot in history, and the eighth largest among U.S. jackpot games, according to the Oregon Lottery.

The biggest U.S. lottery jackpot won was $2.04 billion in California in 2022.

More:Markets

Recommend

As US Dismantles Its Climate Policy, Other World Leaders Seek Solidarity

As the U.S. Department of State proposed this week to shut down its office managing international cl

U.S. border officials record 25% jump in migrant crossings in March amid concerns of larger influx

Washington — The number of migrants apprehended by U.S. immigration authorities after crossing the M

Harry Shum Jr. Explains Why There Hasn't Been a Crazy Rich Asians Sequel Yet

Hoping for a Crazy Rich Asians sequel? You're not alone.And Harry Shum Jr. knows fans have been wait