
May 9,2016
the staff of the Ridgewood blog
Trenton NJ, If you were lucky enough to have bought a Powerball ticket at a 7-Eleven in Trenton, New Jersey this week you better check your numbers.According to authorities the holder of the winning ticket for the $429.6 million Powerball has yet to come forward. Lottery officials confirm that it was purchased at 750 Chambers Street, a 7-Eleven a few blocks from Trenton Central High School.
The winning ticket matches all six numbers from Saturday’s drawing — 5, 25, 26, 44, 66 and the Powerball number, 9.Meaning the winner of the grand prize ticket in New Jersey has the third most valuable lottery ticket ever sold in the U.S.and because only one ticket was a perfect match in Saturday night’s drawing, the winner will keep the entire jackpot. Making this grand prize winner in New Jersey has the third most valuable lottery ticket ever sold in the U.S.
Keep in mind that it’s only worth the full $429.6 million if the winner opts for an annuity to be paid over 29 years. New Jersey law, requires 25% of the winnings will be withheld for federal taxes, and the state will take a 3% cut. And if the winner has any outstanding “financial obligations” such as unpaid child support , traffic tickets, yard waste tickets or student loans the state may take that out of the prize money.
Like most states, New Jersey law stipulates that the name, town and county of lottery winners are a matter of public record.In the past some lottery winners have avoided this disclosure laws by setting up trusts.
The New Jersey lottery officials offer this advice to lottery winners: “First, sign the back of your ticket immediately, then you must file a claim form with the New Jersey Lottery. Claim forms are available at all New Jersey Lottery Retailers or at New Jersey Lottery Headquarters.” By the way it takes about three weeks to receive a check.