Powerball Winner Takes Lump Sum, Already Promises To Pay Rent For His Neighborhood
45-Year-Old Takes Home Fourth-Largest Powerball In History
Could this lottery winner story end in financial tragedy like many others? Or will this be a rags-to-riches story of a man who made the most of his unlikely win?
Pedro Quezada, who just recently won the $338 million Powerball jackpot, has decided to take the lump sum of $221 million ($152 million after taxes) and, according to the New York Daily News, has pledged to pay the rent of everyone in his neighborhood for a month or two.
Quezada will also reportedly appear in court Monday for $29,000 worth of unpaid child support, which he can now easily cover. He’s the father of five children, ages five to 23.
The 45-year-old is a grocery store owner in Passaic, New Jersey, but reportedly has put his bodega up for sale. By all accounts, him and his family were financially depressed before the big win. For now at least, Quezada is feeling “pure joy” and “happiness.”
Image via the Associated Press.
|1||Phil Ivey's 'Ivey Poker' Closes Virtual Doors|
|2||Casino Heist Remains Unsolved 22 Years Later|
|3||Gambling Site: 2014 WSOP Main Event Betting Odds|
|4||Man: Assaulted When Booted From Casino|
|5||Macau's Minimum Bet Dwarfs Vegas' Figure|
|6||Negreanu, McClelland To Be Inducted Into HoF|
|7||Poker Strategy: The Trouble With War|
|8||The Next Poker Boom May Happen In China|
|9||Poker Hand of the Week: What's Your Play?|
|10||Icahn: Taj Mahal 'Will Almost Certainly Close'|
|1||Judge: Poker Pro Phil Ivey Cheated At London Casino|
|2||WATCH: Man Cracks Opponent's Aces, Rubs It In|
|3||Phil Ivey's Rough Week Continues|
|4||Doug Polk Calls Out Daniel Negreanu|
|5||Iowa Police Steal $100K From Poker Players|
|6||Phil Ivey Gives Interview To 60 Minutes|
|7||Poker Pro Matt Smith Wins DraftKings Millionaire Maker|
|8||Phil Ivey's 'Ivey Poker' Closes Virtual Doors|
|9||Phelps Was Gambling Right Before DUI|
|10||Gambler On Tilt Makes Comment About Ebola|