Drawing are held twice a week.
Wisconsin Assembly Speaker Robin Vos and state Republican Gary Tauchen introduced a bill moments after the news conference ended that would allow lottery winners to remain anonymous.
The victor of the third-largest jackpot in Powerball history was expected to come forward in Wisconsin on Tuesday afternoon.
'I felt so lucky that i looked up at the camera and I wanted to wink at it because I really had that lucky feeling'.
He said he was ecstatic when he found out about his good fortune. Franco said he is taking the lump sum of cash.
'My heart was pumping and my blood felt warm; I screamed for about five or ten minutes'. He explained, "I'm ready and I know how to say no".
The Associated Press reports Franco didn't reveal much about his personal life during a press conference Tuesday, electing to deflect most questions.
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Mr Franco says he plans to be wise about spending his new wealth and wants "to help out the world".
Franco recounted that he almost missed the winning ticket while going through his other tickets. I left work that day, i remember hearing that day "Powerball victor Wisconsin". The ticket has a cash option of $477 million.
A sign in the window of a liquor store shows the Powerball lottery jackpot at $700 million in Washington, on January 7, 2016.
The biggest reason for hiding according to Stoltmann is because lottery winners have less than a 50-50 chance of actually keeping their money.
The odds of matching all six balls in the Powerball drawing were 1 in 292.2 million.
'I got home, saw the tickets me and my girlfriend had bought together...went on my computer, searched up the Powerball numbers'.
Wisconsin Lottery Director Cindy Polzin called the win an "amazing milestone moment" for the state.