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Oregon businessman has record Powerball lottery ticket

PowerballPowerball: Oregon businessman has record Powerball lottery ticket

Steve West of Medford, Oregon, is a wealthy, wealthy man.

West, a self-employed businessman, confirmed to ABC News that he and three other family members are the owners of the winning Powerball ticket worth $340 million.

"I still don't really believe that it's true," West told ABC News Radio. "It just really hasn't sunk in well. I'm told by everybody else that this is a life-changing situation, and I didn't plan on wanting to change that much. I mean, the money always sounded great, but I didn't want to change my lifestyle to go along with it."

West discovered he'd won when family members checked the numbers online.

"We didn't watch the Powerball drawing," he said. "We got a call … from the other family members saying, 'I can't believe it, some of these numbers are matching.' And then she (a relative) started saying, 'All these numbers are matching.' And we thought, 'Wow.'"

"She couldn't believe they were matching, and she could hardly talk," West said. "She was just so panicked. And my wife was talking to her. And it was pandemonium — I guess was the way to say it."

First-Time Player

The family had bought $40 worth of tickets, West said.

"We went over and looked at the ticket, verified that it's a correct ticket … and just haven't slept well the last two nights," he said.

Talk about luck: It was the first time West ever played Powerball. He said he won't do anything crazy with the money, though.

"Of course, everybody dreams of winning the lottery, but I've never really made plans of what I would buy, because it never went that in-depth," he said.

"We're talking to our financial planner Tuesday and we're probably going to invest all of it — or 99 percent of it," he added. "That'll still leave us a good small amount that we can take a vacation or buy some kind of a sports car."

For now, West will keep his day job, which he is refusing to disclose.

"I'm self-employed, and I still have been out to work yesterday," he said, "and I'm still going out today."

ABC News

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50 comments. Last comment 11 years ago by CASH Only.
Page 1 of 4
RJOh's avatar - chipmunk
mid-Ohio
United States
Member #9
March 24, 2001
19831 Posts
Offline
Posted: October 21, 2005, 1:24 pm - IP Logged

Jack Whittaker was a self-employed businessman too.  May be I'll get lucky if I start a business.Wink

 * you don't need to buy more tickets, just buy a winning ticket * 
   
             Evil Looking       

    konane's avatar - wallace
    Atlanta, GA
    United States
    Member #1265
    March 13, 2003
    3333 Posts
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    Posted: October 21, 2005, 1:58 pm - IP Logged

    First time player ...... had a winning mindset .....

    Party    Congratulations to all!!  Party

    Good luck to everyone!

      four4me's avatar - gate1
      MD
      United States
      Member #1701
      June 18, 2003
      8364 Posts
      Offline
      Posted: October 21, 2005, 2:00 pm - IP Logged

      Quote: He said he won't do anything crazy with the money, though. and

      We're talking to our financial planner Tuesday and we're probably going to invest all of it — or 99 percent of it,"

      Yea that sounds real intelligent the stock market is doing so poorly that he just might end up owing money if it were to crash. It kills me when people make rash decisions.... a quater or possibly half of the winnings but not all. Big money makes some people brain dead I think. I hope he re thinks that idea.

       


        United States
        Member #379
        June 5, 2002
        11296 Posts
        Offline
        Posted: October 21, 2005, 2:04 pm - IP Logged

        Good for him. As long as he chooses cash. I wonder if he played OR Lose for Life.

          Avatar
          Greenwich, CT
          United States
          Member #4793
          May 24, 2004
          1822 Posts
          Offline
          Posted: October 21, 2005, 2:08 pm - IP Logged

          Quote: He said he won't do anything crazy with the money, though. and

          We're talking to our financial planner Tuesday and we're probably going to invest all of it — or 99 percent of it,"

          Yea that sounds real intelligent the stock market is doing so poorly that he just might end up owing money if it were to crash. It kills me when people make rash decisions.... a quater or possibly half of the winnings but not all. Big money makes some people brain dead I think. I hope he re thinks that idea.

           

          Investing doesn't have to mean throwing it all into the stock market.

          You can invest in houses, other countries....diversification. 

            Avatar
            Englewood, Colorado
            United States
            Member #19108
            July 25, 2005
            51 Posts
            Offline
            Posted: October 21, 2005, 2:13 pm - IP Logged

            How ironic! The big jackpots attract a lot of first time players and, sure enough, one of them hits it. It ain't fair, dammit!!!!



            Congratulations Mr. West.

              Avatar

              United States
              Member #11562
              February 17, 2005
              24 Posts
              Offline
              Posted: October 21, 2005, 2:20 pm - IP Logged

              Businessman . . . . . . hmmm . . . . .sounds like this guy may have been doing okay already. I guess I'm always more partial to that maid or the school teacher. But anyway best wishes to them. Heck, think I'll start a business too RJ. Wink


                United States
                Member #24018
                October 19, 2005
                17 Posts
                Offline
                Posted: October 21, 2005, 2:54 pm - IP Logged

                Businessman . . . . . . hmmm . . . . .sounds like this guy may have been doing okay already. I guess I'm always more partial to that maid or the school teacher. But anyway best wishes to them. Heck, think I'll start a business too RJ. Wink

                exactly!!!

                 

                like i said.

                 

                he doesn't need all of that money

                 

                 

                  Avatar
                  Coastal Georgia
                  United States
                  Member #2653
                  October 30, 2003
                  1866 Posts
                  Offline
                  Posted: October 21, 2005, 3:09 pm - IP Logged

                  Always the first time players, or the random ones- I bet he went into the store and asked the clerk "exactly how does one play this " ?

                  should we back off from playing so much ?

                   

                   

                  If it's your time, it's your time.........

                  DD

                   


                    United States
                    Member #16612
                    June 2, 2005
                    3493 Posts
                    Offline
                    Posted: October 21, 2005, 3:36 pm - IP Logged

                    I hope the Oregon businessman doesn't flop and have problems like Jake Whittaker three years ago. They're so lucky that they didn't play until now! I agree that he should choose cash option because problems may occur if he took payments.

                      KYPower418's avatar - nicebear
                      New Member
                      Louisville,KY
                      United States
                      Member #23702
                      October 15, 2005
                      45 Posts
                      Offline
                      Posted: October 21, 2005, 3:54 pm - IP Logged

                      Well let's just hope he doesn't become another Jack. This guy had problems LOL

                      There's always again!

                        wizeguy's avatar - animaniacs04

                        United States
                        Member #15143
                        May 10, 2005
                        414 Posts
                        Offline
                        Posted: October 21, 2005, 4:04 pm - IP Logged

                        Congrats to the West family!

                        Smile

                          mylollipop's avatar - Trek STLOGO6.png

                          United States
                          Member #24380
                          October 21, 2005
                          623 Posts
                          Offline
                          Posted: October 21, 2005, 5:33 pm - IP Logged

                          My, My.  A first time playerHyper.  A funny thing happened to me when I was going to play the Powerball Drawing December 2002.  I knew that the winner would be drawn that drawing, but my car broke down and I knew that this drawing would yield a winner(s) but I did not have time to take off from work to drive to Louisiana (the closest Powerball state to Alabama).  No need, I did not win.  I just hope that the West Family will be wise and not think that the money can buy them happiness.  If they  have children, they need to know the value of work!  The extra money is just insurance.  Insurance that I would like to have.  Well, I guess I will just have to travel to Georgia for the Mega Millions...that jackpot is growing.  Two strikes on the Powerball.  And not one of those Lotto Prediction Tools selected the Powerball winning numbers!  Hmmmm....!  It is just random luck-no strategy.

                            Avatar
                            USA
                            United States
                            Member #1849
                            July 15, 2003
                            265 Posts
                            Offline
                            Posted: October 21, 2005, 5:38 pm - IP Logged

                            It wierd, it always seems like the biggest jackpots are won by people with the most money. I mean we see stories on both sides but if this guy is investing 99%, he is well to do already which to my guess is not 99% of the population in here. Congrat's Mr. West.