TIME Lottery

$425 Million Powerball Jackpot Winner Comes Forward

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.

[Associated Press]

Tap to read full story

Your browser is out of date. Please update your browser at http://update.microsoft.com


Dear TIME Reader,

As a regular visitor to TIME.com, we are sure you enjoy all the great journalism created by our editors and reporters. Great journalism has great value, and it costs money to make it. One of the main ways we cover our costs is through advertising.

The use of software that blocks ads limits our ability to provide you with the journalism you enjoy. Consider turning your Ad Blocker off so that we can continue to provide the world class journalism you have become accustomed to.

The TIME Team