Ex-sheriff wins $79m Powerball jackpot
CHARLESTON, WV. – The former sheriff of Berkeley County, West Virginia, William “Randy” Smith is the winner of the latest Powerball jackpot of $79million. Smith, 63, currently a magistrate, who served as county sheriff for two terms opted to take the prize as a lump sum and will receive just over $44million.
At a press conference to unveil the prize winner and his family, Governor Joe Manchin thanked Smith for his years of service to the county “because I think it’s about to end.” William Smith said he intended to remain on the bench through next weeks court schedule and that he would stay as long as he would be needed until a replacement can be found.
As for his plans for the future, Smith said that he will pay off his mortgage, purchase a new car and make sure that everyone in his immediate family is given some money before he decides on what to do with the remaining bulk of the millions he has won.
According to the Virginia Lottery, the exact amount that Smith will receive is $44,347,250.99 as a lump sum. State and federal taxes will reduce the value of the cheque by around $14million, including a federal income tax bill of $11million taken from the prize.
He told reporters that the win couldn’t have come at a better time for him as he has been struggling to take care of his disabled sister while fulfilling his duties as a magistrate.
The ex county sheriff has two adult daughters and three grandchildren says he will give them some money but doesn’t want them to be idle and living off his donation. He said that he will buy them homes so they can be secure and get on with their lives.
The store where Smith, a regular lottery player, bought his ticket will get a bonus of $100,000 for selling the winning Powerball jackpot ticket.
Published: August 24, 2010