Man In Ariz. Claims Half Of Powerball Jackpot

Man in Ariz. claims half of Powerball jackpot Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 1:21 a.m., Saturday, December 8, 2012 A man who lottery officials announced Friday has claimed his half of the $587.5 million Powerball jackpot, decided to collect the winnings now and not next year because of the financial uncertainty posed by the nation's ongoing financial impasse. After the man and his wife learned of their good fortune, the husband pulled together a team of financial advisers and decided to take all of his share this month to avoid potentially higher taxes in 2013, said Karen Bach, a lottery official. Bach said the man is smart and wants to take time to make a solid financial plan and set up a charitable entity to aid causes that he and his wife support. In a Mega Millions drawing in March, three ticket buyers shared a $656 million jackpot, the largest lottery payout of all time.

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