The owner of a small Passaic, N.J., liquor store is ecstatic that his shop sold the winning $338 million Powerball ticket. The winner has yet to come forward, so it's unclear if the winner is a down-on-their luck panhandler or an affluent local suburbanite.
On Monday morning Sunil Sethi, the store owner, was informed of the news, which comes with a $10,000 award for the store.
"He (or she) don't have to work no more," The Star-Ledger quoted Sethi as saying. "If he is living in Passaic, he's definitely moving out."
New Jersey lottery officials are advising the winner to sign the back of the winning ticket as soon as possible. The lump-sum value of the ticket is $221 million—$152 million after taxes—USA Today reports.
"Whoever they are should sign the back of that ticket immediately and keep it in a safe place," advised New Jersey Lottery executive director Carole Hedinger.
Approximately 27.5 percent of Passaic's population lives in poverty, according to the U.S. Census Bureau's 2006-2010 American Community Survey.
Powerball tickets are sold by 44 state lotteries. The highest-value Powerball drawing was in November 2012, with the jackpot at $587.5 million. That prize, however, was jointly won by Missouri and Arizona ticket-buyers, who split the prize.