Press Release
 
 

WJW Trust

June 17 , 2006

Oklahoma

$101.8 Million Powerball Jackpot Claimed by WJW Investment Trust

OKLAHOMA CITY , OK – AUGUST 2, 2006The Oklahoma Lottery today announced that the $101.8 million Powerball jackpot has been claimed by the WJW Investment Trust, 45 days after the historic June 17, 2006 drawing.

The Trust elected to take the cash value of the jackpot, or $46,276,534.29 after withholding the required 25-percent Federal taxes of $11,569,133.57 and the required four-percent Oklahoma State taxes of $1,851,061.37. The Trust will receive a lump-sum payment of $32,856,339.35. The winning jackpot ticket was sold at Quick Trip, 4705 S. Elm in Broken Arrow, Oklahoma.

“We are very pleased that Oklahoma 's first multi-million dollar lottery prize has finally been claimed,” said Jim Scroggins, executive director of the Oklahoma Lottery. “With each passing week, we have grown increasingly anxious over the possibility that the winning ticket might have been lost. That fear has now been put to rest and it's great to know that the Trust and the State of Oklahoma each will benefit as a result.”

For its part, Oklahoma will receive over $1.8 million in state taxes from the June 17 jackpot win. That amount is on top of the 30 percent the Oklahoma Education Lottery Trust Fund has already received from Oklahoma Powerball sales leading up to the jackpot.

Tonight's Powerball jackpot is $178 million, with an estimated cash value of $81 million. Tickets can be purchased at any Oklahoma Lottery retailer until 7:59 p.m.

“We want to take this opportunity to remind our players that it takes only one ticket to win the jackpot and so we encourage everyone to please play responsibly,” said Scroggins.
 

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