If you read just the heading, the people who report on these big lottery wins, will have you believe that the winner is now richer by, let's say... $100 million... whereas in reality the winner gets to keep only about half that. Why not either give the exact figure or at least an approximate one the big winner will get, instead of the bloated one. Every news outlet will always give you the bloated figure. I wonder why?
David Porter writing at CTVNews via AP
A 44-year-old immigrant from the Dominican Republic
is the winner of a $338 million Powerball lottery jackpot in the U.S., and he's telling reporters in Spanish that he's "very happy."Several media outlets were at the New Jersey liquor store, where the ticket was sold, on Monday when Pedro Quezada entered. They report that the store owner validated Quezada's ticket as a winner. Reports also identified his home country.
The New Jersey Lottery confirmed that the winning ticket was validated at the store.
A lump sum payout would be $221 million, or about $152 million after taxes. It's the fourth-largest jackpot in Powerball history.....