Thursday, March 8, 2012

Rhode Island woman, 81, wins Powerball: $336 million

Msnbc's Thomas Roberts reports on an 81-year-old woman who won $336 million dollars in the Rhode Island Powerball jackpot.

By msnbc.com news services

Louise White, 81, of Newport, R.I., is the winner of the third-largest Powerball jackpot in the history of the game: $336.4 million.

White came forward Tuesday morning and accepted the money?on behalf of the Rainbow Sherbert Trust.

White's ticket, which cost $3, was the only ticket that matched all the numbers: 1-10-37-52-57 and Powerball 11. It was sold at the Stop & Shop supermarket at 250 Bellevue Ave. in Newport.

"I want to say that I'm very happy and I'm very proud. This will make my family very happy," White said at a news conference in Cranston. "We are truly blessed. Thank you."

Her lawyers called her a "vivacious octogenarian." The Rainbow Sherbert Trust is?named after the dessert she purchased while buying the winning ticket. White said it is her son's favorite dessert.

White chose to accept the lump sum payment of $210 million, rather than the 30 payments paid out over 29 years. She will pay $52.5 million in federal taxes and more than $14 million in state taxes.

Rhode Island lottery officials said?White's haul?is the?sixth largest among all lotteries in the United States. Her chances of hitting the PowerBall were 1 in 175 million.

The ticket price increased from $1 to $2 last month; it is $3 with the PowerPlay option.?Rising sales nearly doubled the jackpot from $173.5 million on Feb. 1.

NBC News and The Associated Press contributed to this report.

More content from msnbc.com and NBC News

Source: http://usnews.msnbc.msn.com/_news/2012/03/06/10592060-336-million-rhode-island-woman-81-wins-powerball

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