Ending Soon! Save 33% on All Access

Oregon Man Wins $8.4 Million Jackpot — And Doesn't Realize It For An Entire Month The 68-year-old retiree was "in shock" when he realized what had happened.

By Emily Rella

Oregon Lottery
David Shultze holds his winning jackpot prize of $8.4 million.

Imagine beating the odds and winning a lottery jackpot — but not realizing it until nearly a month later.

That was the case for 68-year-old David Schultze of Milwaukie, Oregon, who won an $8.4 million jackpot on Oregon's Game Megabucks ticket. The numbers were drawn on January 24.

However, Schultze didn't look at his ticket until February 23 and realized he had been sitting on millions of dollars for an entire month.

Related: Man Wins $22M Lottery But Won't Tell His Children, Parents

Thankfully, Oregon's lottery policy allows winners to claim their prizes within one year of the winning numbers being drawn, and Schultze was able to retrieve his prize the following Monday, after spending the "whole weekend in shock."

Schultze is already a retiree and said that he isn't a frequent lottery player. He has "no plans for any big splurges" but plans to invest the majority of his winnings.

The Safeway in Gladstone, Oregon where he purchased the winning numbers also received an $84,000 bonus (1% of the winning jackpot) upon Schultze's claiming of the ticket.

The Oregon Game Megabucks automatically resets to $1 million once the winner claims their prize.

Related: Maryland Man Wins Lottery Jackpot 15 Times on 15 Tickets

The Oregon Lottery has earned over $15.5 billion for the state since it started selling tickets to residents in 1985.

As of Friday morning, the Oregon Game Megabucks was set at $2.5 million, with the next drawing slated for Saturday evening.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Now that OpenAI's Superalignment Team Has Been Disbanded, Who's Preventing AI from Going Rogue?

We spoke to an AI expert who says safety and innovation are not separate things that must be balanced; they go hand in hand.

Franchise

What Franchising Can Teach The NFL About The Impact of Private Equity

The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.

Employee Experience & Recruiting

Beyond the Great Resignation — How to Attract Freelancers and Independent Talent Back to Traditional Work

Discussing the recent workplace exit of employees in search of more meaningful work and ways companies can attract that talent back.

Business News

Scarlett Johansson 'Shocked' That OpenAI Used a Voice 'So Eerily Similar' to Hers After Already Telling the Company 'No'

Johansson asked OpenAI how they created the AI voice that her "closest friends and news outlets could not tell the difference."

Business Ideas

Struggling to Balance Your Business and Your Relationship? This Company Says It Has a Solution.

Jessica Holton, co-founder and CEO of Ours, says her company is on a mission to destigmatize couples therapy so that people can be proactive about relationship health.

Marketing

Marketing Campaigns Must Do More than Drive Clicks — Here's How to Craft Landing Pages That Convert Clicks into Customers

Following fundamental design principles will ensure that your landing pages lead potential customers from clicking on an ad to completing a purchase.