Frank Griffin plans to take a lump sum of $69 million for his Powerball lottery jackpot, which will give him $47 million after taxes. Many winners choose this option such as Steven Lloyd when he won $55.9 million in November 2011. He is the third winner of the jackpot from North Carolina since it began there in May 2006. Griffin was asked at the news conference if the win would change his life, his answer was, “It won’t change that much.” It was very obvious that his wife, Loretta, did not agree with him as she laughed loudly at his comment. She said their North Carolina Powerball lottery success would obviously make their lives better, “We just won’t have to worry about bills. And, you know, Frank won’t have to work as hard.”
Loretta and Frank Griffin hadn’t had time to tell very many people that they had scooped the Powerball lottery jackpot. They hadn’t told their church or their bank manager. “I’ll be talking to him as soon as I get back,” Frank said. He was asked why he claimed his prize so quickly following the Powerball draw, as most people delay a while until they have consulted with lawyers and financial advisers, he said, “I figured I’d better get here before I lost the ticket.”
Griffin plans to donate money to his church, Crossroads Assembly and probably other charities, but he hasn’t had time to discuss his long term plans for their Powerball lottery jackpot money yet.