Oregon officials are expected to announce the winner of the $1.3 billion Powerball jackpot on Monday.
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The winning Powerball ticket went on sale at the Plaid Pantry convenience store in Portland in early April, ending a winning streak that had lasted more than three months. The Oregon Lottery said it must go through a security and vetting process before releasing the identities of those who come forward to receive prizes.
FILE – April 8, 2024 in Portland, Oregon, the Plaid Pantry convenience store that sold the $1.3 billion Powerball jackpot, the eighth largest lottery prize in U.S. history. Oregon officials plan to reveal the $1.3 winner. 1 billion Powerball jackpot. The Oregon Lottery announced it will identify that person on Monday, April 29, 2024. (AP Photo/Claire Rush, File)
Oregon law does not allow lottery participants to remain anonymous, with some exceptions. The winner will have one year to win the top prize.
If the winner chooses a lump sum payment instead of a 30-year annuity, the cash value of the jackpot would be $621 million, with an immediate payment followed by 29 annual installments. Prizes are subject to Oregon federal and state taxes.
The $1.3 billion prize is the fourth-largest Powerball jackpot in history and the eighth-largest of any U.S. jackpot game, according to the Oregon Lottery.
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The highest lottery prize in the United States was $2.04 billion in California in 2022.
