AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Powerball prizes in California operate on a pari-mutuel system, meaning the final prize payout amount changes based on ticket sales and number of winners and may not match prizes posted on Powerball’s website, the state lottery noted. Once a claim is made, it typically takes about six to eight weeks to be verified and processed.Īt the time of Wednesday night’s drawing, final ticket sales increased the grand prize. California does not tax lottery winnings. This jackpot alone netted California schools $119.5 million in supplemental funds.īecker says most people opt for a lump sum payout, which in this case would be $774.1 million before federal taxes. If no one claims the prize, the winnings will go to California public schools, according to Carolyn Becker, spokesperson for the state lottery. The person who bought the ticket has yet to come forward, officials said, and has one year to do so. State lottery officials presented the owners of the store with a $1 million bonus check on Thursday for selling the winning ticket. The ticket to snag the estimated jackpot of more than $1.7 billion was sold at Midway Market & Liquor in Frazier Park, California, roughly 70 miles north of Los Angeles, according to the California Lottery. The winning numbers are 22, 24, 40, 52, 64 and the Powerball 10. A single ticket sold in California scored the second-largest jackpot in Powerball and US lottery history during Wednesday night’s drawing, according to Powerball.
0 Comments
Read More
Leave a Reply. |