Missouri budget could see boost from Powerball winnings

3:35 PM, Nov 29, 2012   |    comments
Missouri State Capitol building in Jefferson City.
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JEFFERSON CITY, MO (AP) - The sale of a winning Powerball ticket in northwest Missouri could mean about $10 million in unexpected income tax revenue for the state.

A convenience store in the town of Dearborn sold one of two winning tickets in Wednesday night's drawing, which had a jackpot of $587.5 million. The other ticket was sold in Arizona.

Missouri officials said Thursday the estimated $10 million tax payment assumes the Missouri winner opts for a lump-sum payment. They also say it doesn't matter if the winner lives in Missouri or was just passing through.

State budget director Linda Luebbering says the windfall would have a "good, positive effect" for the state, but would also be marginal in the context of the roughly $24 billion state budget.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Associated Press

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