Chaney & West Families
October 19, 2005
IT'S A FAMILY AFFAIR FOR RECORD $340 MILLION POWERBALL JACKPOT WINNERS
SALEM -The winners of the record $340 million Powerball jackpot in the Oct. 19, drawing turned their big day into a family affair. Twenty family members and friends accompanied Robert and Frances Chaney of Jacksonville , and Steve and Carolyn West of Medford, on Nov. 8, when they received their prize at a special presentation at the Lottery office in Salem .
Frances , 68, purchased the winning ticket that matched all six numbers in the Oct. 19, Powerball drawing. Her ticket, purchased at Ray's Food Place #63, in Jacksonville , was one of 109,114 winning tickets for Oregon Lottery Powerball players from the Oct. 19, drawing. Overall, Oregon Lottery Powerball players won a total of $343,396,776 in prizes from the drawing. Included in that total were four $853,492 Match 5 Bonus prize winners.
The $340 million Powerball jackpot is the largest Powerball jackpot ever won, and the second largest Lottery jackpot ever won worldwide. Overall, Oregon Lottery Powerball winners have won more than $765 million in prizes since the game began in 1992.
Robert, 72, Frances, Carolyn and Steve, the Chaney's daughter and son-in-law, made sure there was plenty of excitement for everyone, as they shared their prize with other family members.
In total, there were nine prizes presented. Powerball jackpot winners have two prize payment options. They can receive 30 annual payments or take a one-time payment equal to approximately one-half the advertised jackpot amount. Each of the nine winners chose the one-time payment, which was based on a prize of $164, 410, 058, before state and federal taxes were withheld.
Robert and Frances each received a prize of $34,102,514, and Steve and Carolyn each received a prize of $39,352,514, before state and federal taxes were withheld. Other family members receiving prizes were Robert and Frances' son, Steven Chaney, $3.5 million; and daughters Brenda Green, $3.5 million; Robin Whitzel, $3.5 million; Sue Krammer, $3.5 million; and Steve West's brother, Gary, $3.5 million. All prize amounts were before state and federal taxes were withheld.
Since the Oregon Lottery began selling tickets on April 25, 1985, it has earned over $4.2 billion for economic development, public education, state parks and watershed enhancements. In that same period, it has paid its players more than $10 billion in prizes.