Finance

Million dollar Powerball ticket sold in Prospect

Million dollar Powerball ticket sold in Prospect

Another ticket sold in the October 20 Powerball drawing matched four of the first five numbers and the Powerball to win $50,000.

No information about the Knoxville victor is available until the prize is claimed. "In this 26-draw jackpot run, beginning with the July 27 drawing there were more than 50.2 million winning tickets at all prize levels, including 85 worth $1 million or more and the jackpot victor", Mega Millions announced on its website.

One Arizonan is now $1 million richer thanks to Saturday's Powerball drawing.

The anonymous Mega Millions jackpot victor took home the ultimate $1.537 billion pot - just short of the country's biggest lottery prize ever. "The other half says it'll probably kill me".

In San Diego, roofer and dishwasher Guillermo Carrillo, 42, said he dreams of buying a house for his mother in his native Guatemala. Some big states, including California, don't withhold taxes from lottery winnings, and some like Texas don't have individual income taxes at all.

Wednesday's Powerball jackpot stands at $620 million. Almost all winners take the cash option, which was about $904 million as of Monday morning.

Anyone who hits all six numbers to win the jackpot can choose an immediate cash payment of $904 million or receive the $1.6 billion prize over 29 years.

"One thing I'd consider doing is still planning for your financial future; that's always important whether you have a gazillion dollars or ten dollars", says Berning. "If you can't win with one you can't win, right?"

The nation's largest lottery jackpots have rolled for a few months.

If it seems like lottery jackpots are getting larger and larger, it's because they are getting larger and larger. The games are played in 44 states, Washington, D.C. and the U.S. Virgin Islands.

Based on the projected payout schedule for tomorrow's prize, that interest rate now sits around 3.45 percent, up from 2.84 percent when I examined the big Powerball prize for the New York Times almost three years ago.