Rumors were wrong
Update: complete raw video of press conference added
By Todd Northrop
Contrary to rumors swirling in the media and on Web sites this morning, the New Jersey Lottery announced this morning at a press conference that the winning Powerball ticket for Saturday's $338.3 million jackpot was sold at a liquor store in Passaic.
New Jersey Lottery Executive Director Carole Hedinger announced Monday morning at a 10:00 am press conference that Eagle Liquors, located at 126 Passaic Avenue in Passaic, New Jersey, sold the winning ticket.
The liquor store will receive a bonus of $10,000 for selling the winning ticket.
When Hedinger announced the location of the winning ticket, an audible gasp could be heard among the media attending the event. Probably as they were face-palming themselves for spending so much time early this morning reporting on the false rumors that the ticket was sold in Bordentown.
The New Jersey Lottery does not know who the winner is at this point, since the winner has not come forward yet.
After a brief statement about where the winning ticket was sold, Hedinger fielded various questions from the media, mainly covering topics such as the ability (or not) of the winner to remain anonymous, and tax issues.
The annuity value of the jackpot is $338.3 million, although most winners choose the lump-sum cash payout.
The approximate cash value of the jackpot is $211 million. According to Hedinger, the federal taxes withheld from the cash payout will be $52,750,000 and New Jersey state taxes withheld will be $6,330,000, leaving a net payout of $151,920,000.
A complete raw video of the New Jersey Lottery press conference can be found below and on Lottery Post's You Tube page.
RAW VIDEO: Watch the press conference
Full press conference: Winning N.J. Powerball ticket location anncouncedContrary to rumors swirling in the media and on Web sites, the New Jersey Lottery announced this morning at a press conference that the winning Powerball ticket for Saturday's $338.3 million jackpot was sold at a liquor store in Passaic.T17M07Shttp://img.youtube.com/vi/3Cf4MCUx7eQ/3.jpghttp://youtu.be/3Cf4MCUx7eQ2013-03-25T10:35:00-05:00