Christmas came a day late for one Powerball player this year—but the wait was well worth it.
One person purchased the lone winning ticket to the Dec. 26 Powerball drawing a ticket worth $298.3 million.
The lucky winner will either receive a lump sum payment—less than the full $298.3 million, but all of it available immediately—or receive the money in a payment plan which will guarantee an income for a long time to come.
The one-time payout would amount to $180.2 million. Taxes would reduce that total to $114 million.
The payment plan would involve 30 graduated payments over 29 years. The winner would have no trouble getting a good line of credit with a guaranteed income like that.
The lucky store owner at Arnold’s will also get a $10,000 bonus for selling the winning ticket.
New York Scores a Lotto Hat Trick
This win marks the third time this year New York store has sold the winning ticket—not bad considering there have only been eight winners in 2018.New Yorker Nandlall Mangal scored a cool $245.6 million as the sole winning ticket holder in an August draw.
Robert Bailey, also of New York, was one of two winners in the Oct. 27 drawing. Bailey, a retired Manhattanite, bought his ticket in a deli in West Harlem.
Bailey told NBC News that he had been playing the same set of numbers for decades.
Funds for a Charitable Foundation

West and her family are using part of the winnings to establish the Callum Foundation to honor her grandson, Callum, who was born prematurely and lived just one day.
