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On November 8, 2022, a single ticket purchased in Altadena, California, was the only winner of a $2.04 billion Powerball jackpot, the largest in U.S. lottery history. [73] The prize was claimed on February 14, 2023. The winner was revealed as Edwin Castro. He opted to collect his prize as a lump sum payment of $997.6 million.
July 17’s Powerball draw is paying out a whopping $900 million to a prospective winner, and Mega Millions is offering $640 million on July 18’s draw. See: 10 Games That Pay Instantly To Your ...
Powerball offers winners a lump-sum payout or an annuity option where the payout would be distributed over the course of 29 years and 30 payments. The Mega Millions also offers lump sum payouts ...
According to the Powerball website, a jackpot winner may choose to receive the prize as an annuity, paid in 30 graduated payments over 29 years, or as a lump sum payment. ... Total net payout ...
The annuities for both the Mega Millions and the Powerball are paid out in 30 annual installments, increasing 5 percent yearly. [ 2 ] [ 3 ] Over time, the size of Mega Millions and Powerball jackpots has generally increased because of higher ticket prices, the larger number of states participating (especially after cross-selling was allowed ...
All prizes for Fantasy 5, Daily Derby, Daily 3, Daily 4, and non-jackpot SuperLotto Plus, Mega Millions, and Powerball prizes, are paid out in one payment, less 24% or 33% (depending upon the winner's tax documentation) Federal withholding if the prize is over $5,000. Merchandise prizes over $5,000 are subject to 33% Federal withholding.
After a nearly three-month stretch with no one matching all six numbers, we finally have a winner of the record-setting $1.73 billion Powerball jackpot. The Oct. 11 jackpot is the second-largest ...
The next Powerball drawing is Wednesday, March 20 for a $687 jackpot ($327.3 million cash value). Powerball drawings are held three times a week - Monday, Wednesday and Saturday at 10:59 p.m.