Powerball Ticket Sold in California Wins $1.765B Jackpot
California’s Powerball lucky streak continued Wed nighttime as a single fine sold inward Frazier Park claimed a $1.765 billion annuitized jackpot. The prize, the second-richest inward Powerball and US drawing history, has a one-time hard currency value of just about $774.1 million.
The Powerball jackpot had been climbing since it was lowest hitting on July 19 when a just the ticket — also sold in California — won a $1.08 billion annuitized prize. The run of 35 sequent Powerball drawings without a bingle ticket matching the cinque whitened balls and cherry Powerball came to an destruction lowest night.
Officials with the Calif. Lottery written report that the winning just the ticket was purchased at the Battle of Midway Market & Liquor store inward Frazier Park, which is roughly 70 miles northwards of downtown Los Angeles.
Congratulations to the newest Powerball billionaire and the millions of Powerball players who won other hard currency prizes inwards in conclusion night’s drawing,” said John Drew Svitko, chairman of the Powerball Product Group and the executive director managing director of the PA Lottery. “For 31 years, some players who feature dreamed near winning a Powerball jackpot hold defied the odds, and inwards doing so, make helped bring forth decisive funding for public services and programs supported by US lotteries.”
The odds of winning the Powerball jackpot are i inward 292.2 million. For a visual mental representation of those odds, chink out this Wall Street Journal infographic.
Last night’s winning numbers were 22, 24, 40, 52, 64, and the Powerball 10. The Powerball jackpot now resets to $20 billion for the game’s next drawing off on Saturday, Oct. 14.
Prize Breakdown
If the victor opts for the cash in option, which is typically the select among Powerball and Mega Millions jackpot winners, the $774.1 1000000 prize would live rock-bottom past about $286.37 million after the federal government takes its 37% share. That’s the feds’ highest income tax square bracket levied on individuals making o'er $578,125 a yr or $693,750 for married couples filing jointly.
Last night’s victor is presumptively a Golden State resident, meaning their winnings won’t be farther subjected to body politic income taxes. CA is I of only IX states that does non take drawing profits as personal income.
The net one-time hard currency choice after federal taxes comes to virtually $487.7 million. If the winner opts for the annuity paid out o'er 30 distributions — an immediate check into followed by 29 one-year disbursements — the victor would ab initio receive $37,099,945. The annual payments would step-up by almost 5% a year through and through 2052.
California Dreamin’
Last night pronounced the fourth time inwards account that a drawing fine sold in CA smasher an annuitized jackpot worth to a greater extent than $1 billion. The odds would backing to a greater extent winners existence made inwards the Golden State, as CA is home to o'er 39 million people — most IX meg more than Texas inward second.
California occupier Edwin Fidel Castro won the US’ largest all-time lottery treasure utmost Nov when his Powerball ticket hit for $2.04 billion. Fidel Castro Ruz opted for the hard cash of $997.6 trillion and has since gone on a mansion-buying spree.
A Golden State resident was also I of the triad winners who stock split the January 2016 Powerball award worth $1.586 billion.
California drawing rules require players to appropriate their names to live publicized. Lottery regulations commonwealth that any winner’s identity, win amount, and appreciate statistical distribution get public enter to tell the lottery’s unity to the public.
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