If you’ve ever played the lottery, you know the anticipation leading up to the draw can be almost as exciting as winning.
On February 6th, that dream came true for a woman in the state of Washington when she won the Powerball Jackpot. The life of Becky Bell is quite remarkable; let’s examine it more closely.
Purchasing a Winning Ticket
Longtime Boeing supply chain expert Becky Bell bought one Powerball ticket when she heard the estimated prize was $747 million.
The sight of the number “747” prompted her to buy a second ticket since she believed it to be a sign. She bought a second ticket, not realizing that it would be the sole winner of the $754.6 million jackpot.
Win-shock: Feeling the Effects
In the beginning, Bell did not recognize her status as the big winner. The report about the winning ticket being sold in Auburn, where she had purchased her ticket, caught her eye as she was preparing for her 6:20 a.m. virtual meeting the following day. After the meeting, she checked her tickets and saw that one of them had all six winning numbers.
Bell claimed, “I’ve never won more than $20 in my life,” and that she had to check the numbers with her kids, sisters, and mom multiple times. “You can imagine how shocked I was to find out what had just transpired. Just started crying uncontrollably.”
This is a Huge Victory
A Powerball jackpot winner should expect odds of around 1 in 292.2 million. The jackpot is the fifth highest in Powerball history and the ninth largest in U.S. lottery history, at $754.6 million.
Winners of the jackpot can elect to receive either a single lump amount or a series of payments over the course of 29 years (the “annuity option”).
Bell went with the cash payout of $407.2 million for the drawing on February 6. When taxes at the federal and state levels are factored in, the net amount taken home can vary.
With About $309.5 Million in Your Pocket
With an additional $8 bonus she received from another set of numbers on her winning ticket, Bell took home about $309.5 million after taxes. We wish Bell and her loved ones the best of luck as they adjust to life on the other side of this multi-million-dollar windfall.
Causes and Consequences for the Neighborhood
The community as a whole benefited from Bell’s victory. The Washington State Lottery awarded a $50,000 selling bonus to the Fred Meyer supermarket where she purchased the winning ticket. The money was declared to be given to the Auburn Food Bank, which distributes food to those in need in the community.
Kroger, the parent company of the Fred Meyer stores, gave $10,000 to help the staff celebrate the victory. This is a heartwarming illustration of the ripple effect of success.
The Key Point
Although winning the lotto is an extremely unlikely occurrence, Becky Bell’s tale shows that everything is possible. It’s a timely reminder that even small victories can have far-reaching effects and that giving is always well-received.
Lottery players should always play responsibly. Expecting to win large is exciting, but you should never risk more than you can afford to lose.