California Lottery Players Keep Lucky Powerball Streak Alive

Must read

[ad_1]

Posted on: July 20, 2023, 08:32h. 

Last updated on: July 20, 2023, 04:35h.

California Lottery players continue to seemingly win the biggest jackpots. The trend continued Wednesday night when a ticket sold in the Golden State overcame Powerball’s one in 292.2 million odds to win a more than $1 billion prize.

Powerball jackpot California Lottery
The $1.08 billion Powerball jackpot was hit on July 19, 2023, by a single ticket purchased in California. The winner will need to choose between the full value paid out over 30 years or a one-time cash option worth about $558.1 million. (Image: Powerball)

The Powerball jackpot hadn’t been hit since April 19. The top prize subsequently rolled over 38 times to climb upwards of $1 billion for Wednesday night’s historic drawing.

Powerball officials confirmed Thursday morning that a single ticket had matched the winning numbers of 7, 10, 11, 13, 24, and red Powerball 24 to claim the $1.08 billion prize. The advertised jackpot is the amount the player(s) would win should the winner opt for the 30-year annuitized payout. The one-time cash value is worth $558.1 million. Both amounts are before federal taxes.

Congratulations to our newest Powerball jackpot winner and the California Lottery!” said Drew Svitko, Powerball Product Group chair and the executive director of the Pennsylvania Lottery.

Svitko added that Powerball has given millions of lottery players the hopes and dreams of striking it rich for over 30 years.

“In doing so, Powerball has raised billions of dollars for good causes supported by lotteries. A portion of every Powerball ticket sold during this jackpot run will go toward furthering that legacy of supporting public programs and services in your community,” Svitko said.

California Dreamin’

California is home to about nine million more people than any other state, so it makes sense that more lottery winners come from the Golden State than any other lottery market. But luck has certainly been on California lottery players’ side regarding recent major jackpots.

Wednesday night’s $1.08 billion Powerball jackpot was the sixth-largest jackpot in U.S. history. California lottery players have now won three of the six largest prizes.

A player in California also won the record $2.04 billion Powerball jackpot hit last November. And a player in California was one of the three lucky winners of the $1.586 billion Powerball jackpot that was won in January 2016.

During Wednesday night’s draw, two other Powerball tickets sold in California matched the five white balls, but not the red Powerball, to claim the second-best prize of $1 million each.

California lottery players benefit from not having their prizes subject to state taxes. California is one of only nine states that doesn’t consider lottery prizes as taxable income.

Wednesday night’s $1.08 billion prize, should the winner opt for the annuitized payout, would equate to 30 payments of approximately $22.7 million after the federal 37% tax. If the winner opts for the one-time cash option, they’ll receive about $351.6 million after the feds take about $206.4 million of the loot.

Inflation Considerations

Higher interest rates are helping propel Powerball and Mega Millions’ advertised annuitized jackpots. With the annuitized pools based on bonds backed by the U.S. Treasury, the pools are growing faster than they otherwise would.

For example, the $1.05 billion Mega Millions jackpot hit by a lucky player in Michigan in early 2021 featured a substantially higher cash option of $776.6 million. Since federal interest rates were near zero at the time, the annuitized jackpot was only about $274 million richer than the actual cash pool.

The Federal Reserve interest rate this week is about 5%. The heightened rates will likely cause lottery winners of annuitized jackpots to look closer at the 30-year payment plan. In recent years, nearly all major winners have chosen the cash option.

[ad_2]

Source link

More articles

- Advertisement -spot_img

Latest article

teknologi baru main slot mahjong ways 2 jaminan banjir scatter dan wildlatihan slot demo starlight princess auto menang maksimal 500 jutaslot gampang maxwin terbarucara jitu menaklukan bandar slot onlinepola olympus banjir petircara ampuh menang slot gacor dengan modal kecilslot deposit dana terlengkap dengan slot terkemuka bomb bonanzacara ideal untuk maxwin slot online dengan modal besarpola kuno berhasil menembus slot olympus x500 langsung cuan besarbocoran mantan admin berikan jam efektif bermain slot online mahjong ways 1 dengan modal kecilkonspirasi kerusakan sistem slot olympus 1000 auto pecah x500 dan banjir scatterprediksi slot online situs gama69pola terbaru paling ampuh bermain slot the great ice scape lagi gampang menanginformasi akurat dengan trik pola maxwin sekali buy spin mesin slot hiphop pandacara memperkaya diri dengan bermain slot onlinemain slot dengan santai langsung jackpot profitracikan pola terbaru slot gatotkacapola maxwin lucky nekopola jitu menang membludak pada slot mahjong ways 2slot mahjong ways 2 tergacor rekomendasi orang tersakititrik hoki bermain slot onlineslot mudah maxwin terbaru starlight princess 1000trik curang slot olympus x1000pola ampuh starlight princess x1000memperkaya diri dengan bermain slot online buatan pragmatic playputaran scatter mahjong ways 2 jaminan menang maksimal terbesarpola banjir perkalian beruntun slot mahjong scatter hitamkeajaiban slot starlight princess 1000 kemenangan maksimal 100 jutaslot online extra jackpot terbaruteknik konsisten main slot mahjong ways 2 banjir wild tanpa bataspola gacor slot jitu starlight princessbocoran jam gacor slot gates of olympus x1000trik mudah jackpot dalam bermain slot starlight princesssistem kemenangan jackpot slot online mahjong ways dengan skill spin ajaibbocoran pola gacor mahjong ways2tips mabar slot mahjong ways 2 dari pgsoft ketika kerja shift malamslot gacor gates of olympus yang sedang naik daun karena mudah profit jackpot 100 jutapola keramat slot mahjong ways gampang maxwin 200 juta tiap haritrik mahjong ways tidak mudah boncosmeminta bantuan orang tua untuk menang scatter hitam slot mahjong ways 2pola viral hasilkan slot scatter hitam mahjong wayskombinasi main slot online scatter hitam paling populer di indonesiaprovider pgsoft remsi luncurkan fitur scatter hitam maxwin pada mesin slot mahjonggame super mahjong ways 2 dapatkan bonus scatter hitam dengan hadiah 100 jutaslot scatter hitam hoki pembawa berkah bagi member baru langsung kaya dalam semalamslot maxwin mahjong ways 2 penuh dengan misteri kemenangan besarakun vip slot spesial slot super mahjong ways spesial virgobet88slot gacor server jepangcara mudah jackpot bermain slot sweet bonanza terbaruakun vip slot starlight princesspola gacor mahjong ways2menang slot mahjong ways scatter hitam dengan pola legendarismenjadi pemenang slot legendaris dengan slot gates of olympuspola slot starlight princess untuk menang dalam satu kali pembelian fiturcheat slot gacor perkalian tanpa hentibonus terbatas akhir bulan mei khusus slot scatter hitam virgobet88event dobel bonus kemenangan slot olympus 1000 langsung cair tanpa ribetslot koi gate sedang membara banyak jackpot menanticara menjadi pro player dalam bermain slot onlinerahasia mesin slot server thailandsitus slot gacor gampang jackpotmenang besar slot mahjong langsung pasang nada dering mahjong ways 2 sebagai alarmmain slot mahjong ways asli dengan akun mirip demo slot mahjong waysjudi slot gacor dengan akun vipslot mahjong ways rekomendasi bang jagoslot gacor mahjong wayssistem cheat slot online auto muncul perkalian tinggi x500 khusus slot olympuspola hoki bonanza hari inimodal kecil bisa dapat jackpot di slot bonanzaprediksi petir kakek merah hari inijam gacor mendapatkan scatter hitam slot mahjonghadiah jackpot maxwin dari princess yang cantikbocoran pola gacor slot mahjong ways dari admin sidiqtongkat sakti princess pembawa rezekyadmin jarwo berikan informasi jam gacor banjir slot scatter hitam