TENNESSEE MAN WINS ONE- THIRD OF GIANT JACKPOT
nashville, tenn. » Lottery officials verified Friday that a warehouse supervisor from Tennessee bought one of the three tickets that won the world- record $ 1.6 billion Powerball jackpot.
John Robinson of Munford, a town of 6,000 north of Memphis, said he quickly reached out to his brother and others to assemble a team of lawyers and financial planners. They decided to take his winnings in a single lump sum of nearly $ 328 million, rather than let the Lottery invest the prize and pay him 30 annual installments totaling an estimated $ 533 million.
“We’re going to take the lump sum, because we’re not guaranteed tomorrow,” Robinson said.
He said they have no plans to move from their small, one- story house or to splurge on big purchases. They’ll pay off their daughter’s student loans, and he and his wife, Lisa, plan to return to work Monday. She works in a dermatologist’s office.
“That’s what we’ve done all our lives, is work,” he said. “You just can’t sit down and lay down and not do nothing anymore. How long are you going to last?”