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$1.3 billion Powerball jackpot winner is a Laotian immigrant battling cancer (www.nbcnews.com)

submitted 6 months ago by MicroWave to c/news

37 comments fedilink hide all child comments

Cheng “Charlie” Saephan, who was born in Laos and immigrated to the U.S. in 1994, plans to split the money with a friend and find himself a "good doctor."

One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week.

Cheng “Charlie” Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them. They are taking a lump sum payment, $422 million after taxes.

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[–] ABCDE 9 points 6 months ago (1 children)

The jackpot had a cash value of $621 million before taxes if the winner chose to take a lump sum rather than an annuity paid over 30 years, with an immediate payout followed by 29 annual installments. The prize is subject to federal taxes and state taxes in Oregon.

I should have clicked the article before instead of relying on the not-so-short summary above. Not bad, but yes, not much point for him with his situation.

[–] [email protected] 3 points 6 months ago

Federal government takes about 25% in tax.

Oregon takes 8%, more than half of which goes to education