Winning $300 million Powerball ticket purchased in Middlebury - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Annuity News
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Annuity News
Annuity News RSS Get our newsletter
Order Prints
July 1, 2022 Annuity News
Share
Share
Post
Email

Winning $300 million Powerball ticket purchased in Middlebury

Addison County Independent (VT)

MIDDLEBURY — Someone who visited the Short Stop gas station on Middlebury's Court Street earlier this week just became a millionaire — a hundred-millionaire, in fact.

For the first time in Vermont history, the winning Powerball jackpot ticket was sold at a Vermont retailer, Vermont Lottery officials announced today.

And the winning ticket was sold right here in Middlebury at the Short Stop, part of the Jolley chain of gas stations.

The owner of the lucky ticket, who has not stepped forward to claim the windfall yet, won a payout worth $366.7 million spread out over 30 years, which they could take as an immediate cash payout of $208.5 million.

"Isn't that awesome?" said Wendy Knight, the commissioner for the Vermont Department of Liquor and Lottery.

Vermont will receive 6% of the proceeds from the payout in taxes, which, if the winner accepts his money in annuity, will come out to about $22 million.

However, the previous 60 winners have all chosen to receive their money in cash, with the last winner choosing annuity in 2014.

The Jolley chain will also benefit of its own from the jackpot. The retailers who sell winning Powerball tickets receive bonuses for prizes worth more than $500. Retailers receive 1% of the proceeds, which would be $3 million in this case, except that bonuses are capped at $30,000.

"You can't win if you don't play," said Shawn Bartlett, general manager of Jolley Associates in a press release. "It's good to see someone have a Jolley day."

Deb Alger, manager of the Jolley chain in Middlebury who has worked there for 28 years, spoke to how exciting this is for the store and the local community.

"It's a positive that this town has needed," said Alger. "I hope it's someone that has been coming in here for a while. It would be really cool if it was one of our regular customers."

The Powerball Jackpot requires six matching numbers in order to win, giving the player a 1 in 292,202,338 chance of winning. The likelihood that the winner buys their ticket in Vermont is even smaller, with only about 2 million tickets sold in Vermont last year.

This week's winning numbers, which were drawn Wednesday evening, were 08, 40, 49, 58, 63 and the Powerball was 14.

Powerball lottery tickets are sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Fourteen states have won more than 10 times, with Indiana leading the pack with 39. Arkansas, Virginia and Washington have also only won once, with nine other participating states yet to sell the winning ticket.

This was the fourth Powerball jackpot won this year, with the other lucky tickets purchased in Arizona, Connecticut, California and Wisconsin (separate California and Wisconsin tickets shared the total prize).

Commissioner Knight hopes the win will generate lottery excitement within the state, though urges players to play responsibly and seek help through their partnership with the Howard Center, if need be.

Deputy Commissioner Andrew Collier also issued a press release on the victory.

"The Vermont Lottery is thrilled to have our first ever Powerball Jackpot winner in Vermont. This is an exciting win for Vermont lottery players, the Education Fund, and the state."

The post Winning $300 million Powerball ticket purchased in Middlebury appeared first on Addison Independent.

Older

Slightly fewer Americans apply for jobless claims last week

Newer

Consumers are pulling back on spending. They're also tapping savings and taking on debt.

Advisor News

  • Americans unprepared for increased longevity
  • More investors will seek comprehensive financial planning
  • Midlife planning for women: why it matters and how advisors should adapt
  • Tax anxiety is real, although few have a plan to address it
  • Trump targets ‘retirement gap’ with new executive order
More Advisor News

Health/Employee Benefits News

  • NC House lawmakers push for better breast cancer detection
  • Senate approves bills to limit costs for inhalers and diabetes supplies
  • Democratic candidates revive single-payer promise as California’s healthcare system faces strain
  • How hospital outpatient departments increase the cost of care
  • Senators delay bill on making health insurance affordable
More Health/Employee Benefits News

Life Insurance News

  • When an MEC is an effective planning tool
  • Lincoln Financial Reports 2026 First Quarter Results
  • Brighthouse Financial Announces First Quarter 2026 Results
  • Life insurance premium jumps 10% in 1Q
  • Genworth Financial Announces First Quarter 2026 Results
More Life Insurance News

Property and Casualty News

  • The Baldwin Group Q1 2026 Market Pulse: Insurance Market Fragments as Property Softens and Casualty Pressures Persist
  • Neptune Flood Surpasses 300,000 Policies in Force and $400 Million in Premium, Expanding Access to Modern Flood Protection Nationwide
  • Exzeo Launches WindForm Pro, Bringing AI-Driven Automation to Florida Wind Mitigation Requirements
  • Robert Howell, California insurance commissioner candidate, 2026 primary election questionnaire
  • Two California home insurers to raise rates, expand coverage by late 2026
More Property and Casualty News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
  • RFP #T01325
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet