A person with a ticket matching all six Powerball numbers in Saturday’s $1.3 billion jackpot came forward Monday to claim the prize, Oregon officials said.

The lottery ticket was purchased at a Plaid Pantry convenience store in the northeast part of the city, Oregon Lottery said in a statement.

Oregon Lottery is working with the person in a process that involves security measures and vetting that will take time before a winner is announced.

“This is an unprecedented jackpot win for Oregon Lottery,” Oregon Lottery Director Mike Wells said in the statement. “We’re taking every precaution to verify the winner before awarding the prize money.”

  • Evilcoleslaw@lemmy.world
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    9 months ago

    I think that’s actually a pretty bad sign for the person that won, to show up the first day possible to claim it. It seems like it would be much more prudent to get some legal and financial advice beforehand. Like if I won I have zero idea how to handle that kind of money on even the most basic logistical level. Hopefully it doesn’t ruin their life.

    • Flying Squid@lemmy.world
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      9 months ago

      There is a lot of evidence to show that lottery winners have no idea how to handle that kind of money and don’t seek advice about it.

      This person hanged themselves after blowing through all of their lottery money- https://www.theglobeandmail.com/news/national/lottery-winner-hangs-self-7-years-after-collecting-win/article4121212/

      This person defaulted on a loan because they wanted more than the annual amount but didn’t opt for the lump sum and ended up in massive debt- http://usatoday30.usatoday.com/news/offbeat/2004-05-03-lottery-winner_x.htm

      This guy ended up working at his old McDonalds job a year later- http://www.telegraph.co.uk/news/uknews/1582719/Lottery-millionaire-back-working-at-McDonalds.html

      Here’s many more stores- https://www.gobankingrates.com/net-worth/bankruptcy/lottery-winners-who-lost-millions/

      The lottery is a tax on the poor, who are sold the hardest on it. Players have virtually no chance of winning, meaning that most of the people who play have a basic lack of understanding of how to manage their money.

      • state_electrician@discuss.tchncs.de
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        9 months ago

        The perception is wildly skewed here because you never hear from the ones who use the money responsibly to buy a home, settle debt, etc. and just live an easier life. Sure, winning the lottery should not be your only option to ever achieve anything. I just don’t think that lottery winners in general have a huge problem.

        • Flying Squid@lemmy.world
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          9 months ago

          Why would you play the lottery in the first place if you user money responsibly? Playing the lottery is the opposite of using money responsibly.

            • Flying Squid@lemmy.world
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              9 months ago

              That doesn’t make it any less financially irresponsible. “I can afford to be irresponsible at my current income level” suggests that they will have the same way of thinking if they happen to win.

              • june@lemmy.world
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                9 months ago

                Do you spend every single dollar you get responsibly? Do you have zero vices?

                Just because you’re different doesn’t mean you’re better. Get off it with this rhetoric and let people live their lives, especially when it has zero impact on you.

                • Flying Squid@lemmy.world
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                  9 months ago

                  If by ‘vices,’ you mean spend money on something on the chance that I might get something good out of it but probably not, no. I do not have such vices. I spend money on things that benefit me. I don’t really see the benefit of buying a lottery ticket since it will almost always lead to disappointment.

              • QualifiedKitten@lemmy.world
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                9 months ago

                Not everyone who plays the lottery plays it consistently. I think I’m reasonably responsible with money, and I’m probably spending something like $20/year playing the lottery. If I won, the very first thing I’d do is get a lawyer. I wouldn’t even tell my friends or family until I got things sorted with a lawyer.

          • whoreticulture@lemmy.blahaj.zone
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            9 months ago

            I could totally imagine someone with an already fairly stable income buying a set amount of lottery tickets within their budget as a hobby. It’s not my thing, but a fair number of people are into it.

          • DjMeas@lemm.ee
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            9 months ago

            I can’t speak from those who gamble without being financially stable, but I join a lottery pool by contributing $5 whenever the jackpot is over $1B. My wife and I also have a decent salaries and save 65% of what we make. I guess that makes the $5 irresponsible while still being responsible financially overall?

        • Liz@midwest.social
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          9 months ago

          Nah there’s statistics on it. A huge fraction end up broke. I’m too lazy to dig them up, but you can find numbers on it. In any case, it’s not a actually limited to people who but lotto tickets. Humans are generally bad at handling massive windfalls.

      • jkrtn@lemmy.ml
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        9 months ago

        The McDonald’s job guy seems to be doing just fine, if he’s actually working there by choice as a social thing.

        • stanleytweedle@lemmy.world
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          8 months ago

          Luke Pittard, 25, won a £1.3m fortune, but applied to get his old job back because he missed his workmates.

          Mr Pittard said yesterday: "They all think I’m a bit mad but I tell them there’s more to life than money.

          Yeah this guy seems to have made out pretty well. Can’t blame them at all for wanting to keep what they enjoyed about their life even with the new money. Not that I disagree that the lotto is a tax on the poor but this guy is the opposite of what that comment was trying to prove.

    • BreakDecks@lemmy.ml
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      9 months ago

      The fundamental issue with winning the lottery is that nobody who understands personal finance enough to handle winning would ever waste money playing the lottery. The most likely winners are people who buy lots of lottery tickets, and those people are the least prepared to handle winning.

      It’s hard to imagine burning through $1.3B, but after taxes it’ll only be about $400M. All it takes is a huge mansion, a mega yacht, and a high end private plane to put yourself into a significant financial tailspin from the costs of maintenance, taxes, staffing, and energy.

      By the time you realize what poor decisions you’ve made, getting out of it can be impossible. The yes-men who sold you all your luxuries have probably convinced you to dump your money on plenty of other endeavors designed specifically to separate you from your winnings.

      The one percenters only get away with their extravagant lifestyles because they understand how to exploit the system to their advantage, and they can keep up the expenses by amassing more wealth.

      Not to mention, if you already have a gambling problem, as many lottery players do, the thrill of winning and access to that kind of cash is likely to motivate you to gamble millions more looking for the next dopamine dump.

      That this person claimed the prize so quickly absolutely is a bad sign for their future. If they try to do it their way, they will get conned out of everything within a decade, and their return to poverty will be crushing.

      • Ajen@sh.itjust.works
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        9 months ago

        The fundamental issue with winning the lottery is that nobody who understands personal finance enough to handle winning would ever waste money playing the lottery.

        It’s hard to imagine burning through $1.3B, but after taxes it’ll only be about $400M.

        I don’t think you understand personal finance. No one in America pays a 70% effective tax rate. How did you end up at $400M??

        • Liz@midwest.social
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          9 months ago

          Taking the lump sum, which is roughly half the grand prize, is practically always the better deal. Almost everyone takes the lump sum. If you want the full amount you get it in yearly installments over 40 years. Anyway, so you pay income taxes on the lump sum.

      • Sylvartas@lemmy.world
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        9 months ago

        All it takes is a huge mansion, a mega yacht, and a high end private plane to put yourself into a significant financial tailspin from the costs of maintenance, taxes, staffing, and energy.

        Imagine getting that kind of life-changing sum of money and immediately blowing it on what is probably literally the top 3 highest maintenance luxury items in the world instead of keeping a good portion of it in some index fund and live comfortably for the rest of your life.

        I know some people actually do this but seeing it broken down like that makes it even more baffling

    • whoreticulture@lemmy.blahaj.zone
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      9 months ago

      Why would waiting be more financially prudent? You can get financial advice before or after you show them the ticket, might as well get that process started.

      • 🔰Hurling⚜️Durling🔱@lemmy.world
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        9 months ago

        Because before you receive your money they give you a bunch of paperwork to sign as well as how you want to break appart the money you receive and you want to be 100% sure what to say and what to agree too in order not to be legally scamed out of your winnings. Then once you receive the money you will already have the necessary accounts setup in order to not only store said cash but to basically live off the interests for the rest of your life as well as pay the irs their dues.

    • Fredselfish@lemmy.world
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      9 months ago

      I was hoping they use the money for good. But looks like they are stupid and going come out and blow the money stupidly. Goddamm I just feel it all rigged.

    • SeaJ@lemm.ee
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      9 months ago

      Big jackpot winners like this rarely go broke. The ones you hear about won much less.

      • stoy@lemmy.zip
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        9 months ago

        Good point, I’d call that a tie, since if they die before going broke the money would be inherited by someone, someone who possibly learned a thing or two by how the guy spent the money.

      • Hillock@kbin.social
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        9 months ago

        That’s a misbelief, most lottery winner do just fine long after winning. We just only hear about the ones who go broke because that’s report worthy.

        And it’s almost impossible to go broke with winning 1 billion. Even if you are only left with “only” 500 mil after taxes, and you manage to lose 99% of that, you are still left with 5 million. Which is still enough to have a comfortable life.

        • Evilcoleslaw@lemmy.world
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          9 months ago

          And it’s almost impossible to go broke with winning 1 billion. Even if you are only left with “only” 500 mil after taxes, and you manage to lose 99% of that, you are still left with 5 million.

          This jackpot was $1.3B. If they take the cash payout instead of the annuity that immediately reduces to $621M. They’ll owe 37% on that (well 37% on the vast majority in the top tax bracket) for the year to the IRS. And then it looks like 8% to the state of Oregon. So somewhere around $341M. Still an unimaginable sum.for most. Just wanted to clarify because I think a lot of people assume the “cash value” is post-tax.

        • Malfeasant@lemmy.world
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          9 months ago

          It may be true, if only because “winning the lottery” can also include the smaller prizes, and then by number there are a lot more of those, so half goes a long way…

  • PoliticallyIncorrect@lemm.ee
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    9 months ago

    The most important thing about having a lot of money it’s knowing how money works, that’s why what easy comes easy goes.

    • girlfreddy@lemmy.caOP
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      9 months ago

      Uh huh. I guess that’s why most people who inherited their parent’s money are all living on the street now.

      • Fluffy_Ruffs@lemmy.world
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        9 months ago

        “I’m just so happy that finally Oregon won the big jackpot because it’s always on the East Coast,” Musser said. “Now that Oregon won it … there’s more hope for Oregon. Maybe we’ll win it again.”

        I wonder if there’s any truth to this or it’s just confirmation bias on her part. It says just before that the largest Powerball jackpot ever was won in California…

        • dogslayeggs@lemmy.world
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          9 months ago

          Yeah, I feel like most of the jackpots have been in CA. I know at least two of the billion dollar ones were in CA.

          • Liz@midwest.social
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            9 months ago

            You would except 10% of the winners to be from California, all else being equal.

        • BreadstickNinja@lemmy.world
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          9 months ago

          There is no truth to this. A win in Oregon does not increase or decrease the chances of a future win in Oregon. The probabilities are fully independent of one another. There is no plausible means by which the probability of a future drawing selecting a ticket held in a particular state is affected by the residences of previous winning ticket holders.

          The idea that “X just won, therefore X is on a roll and will continue to win” and “X hasn’t won in a long time, therefore X is overdue for a win and should win in the near future” are both examples of the Gambler’s Fallacy.