$338 Million Lottery Winner to take Lump-Sum Payout

By: Associated Press
By: Associated Press
That means 45-year-old Pedro Quezada will receive about $221 million, or about $152 million after taxes.

Pedro Quezada holds up his $338 million Powerball jackpot check on Tuesday, March 26. / CBS News

LAWRENCEVILLE, N.J. (AP) -- New Jersey lottery officials say the Dominican immigrant who won the $338 million Powerball lottery has decided to take the payment in one lump sum.
That means 45-year-old Pedro Quezada will receive about $221 million, or about $152 million after taxes.
Quezada appeared at New Jersey lottery headquarters Tuesday to officially claim the prize, a day after learning he had the winning ticket.
He appeared with his wife, Ines Sanchez, his four brothers, and two nephews. Quezada and his wife, who is from Tlaxcala (tlahs-KAH'-luh), Mexico, have been married nine years.
Quezada says his mind isn't clear enough yet to figure out what he will do with the money. But he says he could use a car. Asked what kind of car he has now, he said, "My feet."


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