429M Powerball will spend it on community
Members of a New Jersey family who pooled their money and won last Saturday $429 million Powerball say their winnings will go toward bills and doing good in their communities.
“It was like an affirmation from God because we each have dreams we want to fulfill in our life . and it was like we have been funded to do that,” Valerie Arthur of Trenton said during a press conference on Friday at New Jersey Lottery headquarters in Lawrenceville.
Family matriarch Pearlie Mae Smith bought the winning ticket at a 7 Eleven store in Trenton, New Jersey capital, Arthur said from a podium surrounded by her mother and six siblings.
The jackpot is $429.6 million, but the family opted for the cash option so they will receive $284 million in a lump sum, as opposed to installments delivered over the years.
The family said it took them a few days to announce themselves before the public because they wanted to make sure they handled the money wisely. They had their family lawyer secure other advisers to help them decide how best to handle such a large influx of cash, they said.cheap nfl jerseys
“After you pay off your student loans, after you pay off the mortgages on your house, and after you buy your kids a car or whatever, what are you going to do with the remaining $283 million?” Arthur asked.
Pearlie Mae Smith and her seven children pooled their money and Smith picked the winning numbers 5, 25, 26, 44 and 66 based on a dream, Arthur said.
Arthur said her sister, Marsha Ann Smith, called her and told her they won.
“I said, stop April fooling me and get off of my phone. She said, not. It May. She said, I not lying. ”
One sister, Katherine Nunnally, runs a community mentoring program for girls, Arthur said. Her share of the winnings will help her run the program without having to rely on grants or special scholarships, Arthur said.
“She can go and change lives of her own accord,” Arthur said.
As for Arthur, the oldest of all the siblings, she has been retired from her job as prison administrator for a year. The first thing she will do with her share of the winnings is take a long trip somewhere, then figure out the rest, she said.
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