Portland Lottery Player Wins $1.326 Billion Powerball Jackpot

After an incredible winless streak that lasted over three months, a lucky individual in Oregon has struck gold by winning the $1.326 billion Powerball jackpot. The winning ticket was purchased in the 97218 zip code, located in Northeast Portland near the Cully neighborhood and the Portland International Airport.

The grand prize, which has an equivalent lump sum value of $621 million, is the fourth-largest Powerball jackpot in the game’s history and the largest Powerball prize won in Oregon, surpassing a $340 million jackpot won in 2005. The winner has the option to choose an annuity, paid over 30 years, or the lump-sum cash option. However, winners typically opt for the lump-sum cash option instead. It is important to note that the prizes are subject to federal taxes, and many states also tax lottery winnings.

The Oregon Lottery spokesperson announced that the winner has a year to come forward and claim their prize. According to state law, players in Oregon, with few exceptions, cannot remain anonymous. The name of the retailer where the winning ticket was purchased will be shared once the winner comes forward, ensuring the security and privacy of the fortunate individual.

Alongside the jackpot winner, seven tickets matched all five white balls and won $1 million prizes. These winning tickets were sold in Arizona, Delaware, Florida, Iowa, Massachusetts, Michigan, and Wyoming. This remarkable win marks the second billion-dollar lottery jackpot this year. Just two months ago, a fortunate player in New Jersey snagged a $1.13 billion Mega Millions jackpot on March 26.

Oregon Lottery Director Mike Wells expressed his excitement for the winner, stating, “I want to congratulate the winner on this life-changing moment. No one in Oregon has ever won a prize on this scale, and it’s very exciting for our staff and players. Even if you aren’t holding the winning ticket, all of our players support programs and services statewide that receive Lottery dollars.”