B. Raymond Buxton wound up claiming a lump sum of $242 million before taxes on a Powerball ticket he bought in February for just $2, a return of more than 12 billion percent
A California man came forward Tuesday to claim February’s $425 million Powerball jackpot, lottery officials said.
B. Raymond Buxton, the sole winner of the Feb. 19 jackpot, claimed the prize in Sacramento at the California Lottery headquarters, the Associated Press reports.
Buxton purchased the winning ticket for $2 at a Chevron station in the city of Milpitas, near San Jose.
The retiree opted to claim his winnings as a lump sum payment, which will be about $242 million before tax. Opting for a lump sum results in a slightly lesser payout.
The $425 million prize is one of the largest in the game’s history. The Powerball jackpot reached a record-setting $590.5 million last May.