Friday July 4th 2014
A Knoxville resident has stepped forward to claim the largest prize in the history of the Tennessee Lottery. Roy Cockrum visited the Tennessee Lottery offices on Thursday, July 3rd in order to present the winning ticket from the Powerball drawing held on June 11th. He chose to take a lump sum payment rather than annuity payments after scooping the $259.8 million jackpot – a record for the state. After taxes, the Knoxville resident will bank $115 million. The owner of the Kroger store that sold the ticket has received a $25,000 retailer bonus, all of which has been donated to non-profit organizations in Knoxville. Cockrum initially thought he had just $500 and was stunned to discover that he had actually hit the jackpot.
Cockrum says he will use a large part of the money to establish a foundation that supports performing arts organizations across the U.S. The lucky winner previously worked as an actor and a stage manager and hopes to give other performers the resources they need to achieve their dreams. Several charities will also benefit from Cockrum’s winnings.
If you want your own chance to win big, then don’t forget to buy your Powerball tickets for the $101 million drawing on Saturday. Tickets can be purchased online or at an authorized retailer.