Lottery winner of $447M Powerball jackpot comes forward

Lottery winner of $447M Powerball jackpot comes forward

Lottery officials say the holder of the sole winning Powerball ticket worth $447.8 million has come forward. Jeff Lindsay said in a statement Wednesday that the windfall will support his family and causes that are important to them for generations to come. He declined media interviews.

The ticket matching all six numbers was sold last month in the small Southern California city of Menifee. It’s the 10th largest lottery prize in U.S. history. The ticket was sold at Marietta Liquor & Deli. Owner Matthew Alberre said he does not know what his family will do with the $1 million bonus set aside for the retailer that sells the winning ticket.

The jackpot prize is based on a winner choosing an annuity, which pays off over 29 years. The cash prize would be $279.1 million. Both prize amounts would be before taxes are deducted.

The jackpot had grown because no one had matched all the numbers since April 1. The odds of winning Saturday’s drawing were only one in 292.2 million. Powerball is played in 44 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.