Pennsylvania Lottery · United States · 1 February 1988
Post, then 49 and living on disability with $2.46 in the bank, pawned a ring for $40 and gave the cash to his landlady and occasional girlfriend Ann Karpik, who bought 40 tickets on his behalf. The share was claimed in February 1988; the exact draw date is not given in the obituaries.
Advertised prize
$16,200,000
Ticket
Not documented
Outcome
Cautionary
Lost most of it, and the reporting says how.
William "Bud" Post III claimed a $16.2 million share of a Pennsylvania Lottery jackpot in February 1988. The total pool of more than $32 million was the second-largest in state history; the other half went to a group of 16 employees of the Westinghouse Bettis Atomic Power Laboratory. Post took the prize as 26 annual instalments of $497,953.47. Within two weeks he had spent more than $300,000 on a liquor licence, a Florida restaurant lease for siblings, a used-car lot and a twin-engine plane he could not fly; within three months he was $500,000 in debt. He paid $395,000 for a 16-room mansion in Oil City. In 1989 Karpik sued, and after a three-year fight a court awarded her one-third of the proceeds and froze his payments. His brother Jeffrey was jailed for hiring a hitman to kill Post and his sixth wife. Post went bankrupt, emerged with about $1 million, and in 1996 sold the mansion for $65,000 and auctioned his 17 remaining lottery payments for roughly $2.65 million. He was convicted of firing a shotgun at a debt collector and began a prison term in 1998. He died of respiratory failure on 15 January 2006, aged 66, about $1 million in debt.
Post died on 15 January 2006 at a Pittsburgh-area hospital, aged 66; the January 2006 obituaries reported him living on a $450-a-month disability cheque and roughly $1 million in debt at the end.
One detail worth keeping
The landlady who bought his 40 tickets with his $40 later won a court ruling entitling her to one-third of every lottery payment he received.
Cheng 'Charlie' Saephan
Ended in tragedyPowerball · United States · 2024
$1,326,000,000
Laiza Chao joked to the Saephans before the draw that they were already "billionaires"; her $100 stake in a 20-ticket batch made it true.
Theodorus Struyck
Stayed privatePowerball · United States · 2023
$1,765,000,000
He bought the second-largest winning ticket in Powerball history about 500 yards from his own front door, at a cabin he had paid $90,000 for in 2010.
Saltines Holdings, LLC (Miami, Florida)
Stayed privateMega Millions · United States · 2023
$1,602,000,000
The biggest Mega Millions winner in history is a company: Saltines Holdings, LLC of Miami. The Publix that sold the $2 Quick Pick collected a $100,000 retailer bonus.
Edwin Castro
Went wellPowerball · United States · 2022
$2,040,000,000
The draw ran a day late: Minnesota's sales-verification system held up all 48 lotteries, so the $2.04bn numbers were drawn at 8:57 a.m. ET on 8 November 2022.
Every figure and quotation above comes from these.
Last verified: 2026-09-12