August 21, 2009 in Nation/World

S.C. Powerball ticket is worth $259.9 million

Associated Press
 

COLUMBIA, S.C. – Someone who bought a Powerball ticket in South Carolina is a whole lot richer.

The single winning ticket for Wednesday’s $259.9 million drawing was sold at a gas station and convenience store next to a Wal-Mart in Columbia.

South Carolina Education Lottery spokeswoman Stephanie Hemminghaus said no one came forward Thursday to claim the prize.

The winner will have the option of taking a lump sum payment of $129 million or an annuity worth $259.9 million paid out in 29 yearly installments. State and federal taxes will be withheld, and Hemminghaus estimated that someone who took the lump sum payment would end up with about $88 million.

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