( CNN ) -- Louise White , an 81 year-old Rhode Island resident , came forward Tuesday as the winner of a $ 336.4 million Powerball lottery , the third largest prize in the game 's history . `` I 'm very happy and I 'm very proud , '' she said . `` We are truly blessed . Thank you . '' White bought the winning ticket last month in Newport , Rhode Island , after a family member had a craving for rainbow sherbet and brought her to a store where she purchased the ticket . `` We 're very excited to be a part of this little bit of history ; the winner is a lovely woman and valued customer , '' said store employee Suzi Robinson . `` We are very happy for her . '' After realizing she had won , White tucked the winning ticket into her Bible and went to sleep holding the Bible , bringing it with her to breakfast the next day until she could eventually store it in a safe deposit box . White then sought legal counsel and established a trust for the funds , according to her attorney , Gregory Fater . It 's called the Rainbow Sherbert Trust , named for the snack that prompted her visit to the store , even though the correct spelling is sherbet . Fater described White as `` extremely grounded , '' and approached her newfound wealth with `` extreme poise and level headedness . '' White elected to take the cash option and will receive a lump sum payment of $ 210 million , the highest cash option payout ever for Powerball , according to lottery officials . The state of Rhode Island will collect $ 14.7 million , while the federal government also tallies up to $ 52.5 million in revenue .
An Tuesday Newport resident comes forward as the winner of the Louise White lottery . `` I 'm very happy and I 'm very proud , '' said Powerball . It was the third largest prize in the game 's history .