Investment banker hits jackpot with $4.65 million Lotto ticket
Published: June 16, 2005
A Seattle investment banker who wants to keep working in spite of his good fortune has cashed in the winning $9.3 million Lotto jackpot ticket for Saturday night’s drawing.
The prize was the largest jackpot since Washington’s Lottery switched from Lotto Plus back to classic Lotto in October 2003.
Peter Kerr, who works for UBS Financial Services Inc. of Seattle, selected the cash option for his winnings, providing him with half the jackpot amount, $4.65 million. His wife, Cynthia Wells, was at his side at the Lottery’s Seattle office Tuesday.
Kerr said he discovered he was a big winner when he checked the winning numbers in the Sunday paper.
“I checked the numbers, and they matched the last line on the $5 ticket,” he said. “I looked back at the numbers, and I’m sure my eyes were bugging out. It was one of those things that I was thinking, ‘This cannot be real.’ ”
Kerr said he won’t give up his job because he likes what he does. He said the couple plans on sharing their good fortune with their family, including their grandchildren.
“We want to put some aside for their education,” he said.
In addition, Kerr and his wife said they want to contribute to a number of charitable causes.
Kerr bought his ticket at Gateway Newstands in Seattle, which will receive a selling bonus equal to 1 percent of the jackpot amount, or $93,000, the largest bonus in Lottery history.
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