Sunday 22 January 2017

That's rich – couple share $588m lottery

Maria Sudekum Dearborn, Missouri

Published 01/12/2012 | 05:00

A 52-year-old Missouri mechanic and his wife have come forward to claim their share of a record $588m (€452m) Powerball lottery jackpot.

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Mark and Cindy Hill will split the nation's biggest Powerball jackpot with whoever holds a winning ticket sold at a convenience store in suburban Phoenix. No one has come forward yet with the Arizona ticket.

The $587.5m payout, which represents the second-largest jackpot in US history, set off a nationwide buying frenzy, with tickets at one point selling at nearly 130,000 per minute. The jackpot had rolled over 16 times without someone winning the top prize.

Lottery officials' announcement that the Hills had won only confirmed what many residents in Dearborn, a town of about 500 people about 40 miles north of Kansas City, already knew.

The Hills and the holder of the Arizona winning ticket have numerous decisions ahead, including how to accept their new wealth. The cash payout from the overall jackpot has been estimated at about $385m (€296m), or about $192.5m (€147m) for each ticket. The winners can take their jackpots in lump sums or annual payments.

Irish Independent

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