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

Opinions expressed by Entrepreneur contributors are their own.

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

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.

Buying / Investing in Business

Former Zillow Execs Target $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Side Hustle

She Quit Her Job at Trader Joe's After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

Jaime Holm and Matt Hannula teamed up to build a business in an industry that "didn't exist" yet.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

This Local Bakery Has Lines Out the Door. Here Are the Secrets to Its Success.

Known for its viral flat croissants and innovative desserts, Alexander's Patisserie also excels in hands-on leadership and team culture.

Business News

Microsoft Is Laying Off Over 6,000 Employees, About 3% of Its Workforce. Here's Why.

The company said the cuts will affect all divisions and locations, with a focus on managers.

Business News

Nissan Is Doubling Its Initial Layoff Announcement, Cutting 20,000 Jobs: 'A Wake-Up Call'

The automaker is dealing with slowing sales and a recent failed merger with Honda.