Monday, April 7, 2014

$425M February Powerball Winner Claims His Prize

A Northern California man who wants to live a private life as best as he can came forward to claim the February $425 million Powerball jackpot. B. Raymond Buxton went to the California Lottery headquarters in Sacramento on Tuesday, April 1, 2014 to claim his lottery prize. Buxton, who his publicist claims has a healthy sense of humor, came forward on April Fool's Day. He was wearing a shirt with a picture of Yoda, a Star Wars character with the inscription "Luck of the Jedi I have".

After realizing that he won one of the largest lottery jackpots in U.S. history, Buxton started working with an attorney and financial adviser to set up his new bank accounts, establish a charity, and sort out the tax issues involved in the winning. Buxton opted for the lump sum payment of $242.2 million before taxes.


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