No one won the Powerball 500 million in October 2020. According to the Powerball website, the winning numbers for October 24th, 2020 were 5-12-20-21-47, and the Powerball was 19. However, the jackpot was rolled over and the estimated jackpot for the following draw on October 28th was $530 million, the fifth largest jackpot in U.
S. lottery history. It is unclear at this time if anyone has won the Powerball 500 million in the October 28th drawing. Those wishing to find out the winning numbers of the Powerball 500 million drawing can check the Powerball website or their local lottery office.
Where was 500 million dollar Powerball ticket sold?
The $500 million Powerball ticket was sold at the Speedway in Port Richey, Florida. The winning ticket was sold in the early evening of Saturday, January 20th, 2018, and was said to be the biggest jackpot prize ever sold in the state.
The store that sold the ticket was located at 7838 State Road 54, across U. S. 19 from the Gulf View Square Mall in Pasco County, Florida. After being announced as the winner of the massive Powerball prize, the person who purchased the ticket chose to remain anonymous and take home a one-time lump sum cash prize of $281,874,999.
Did anyone win the 1.5 billion Powerball?
No, there was no single winner for the January 13, 2016 Powerball drawing for the $1. 5 billion jackpot. The estimated jackpot for that drawing was $1. 5 billion, making it the largest lottery jackpot in history.
The numbers drawn on the night of the drawing were 4, 8, 19, 27, 34, and 10, while the Powerball number was Powerball number was 10. However, none of the tickets sold nationwide managed to match all six numbers, so the jackpot rolled over to an estimated $2 billion for the next drawing.
Three players in California, Florida, and Tennessee did manage to match the first five numbers and the Powerball and split the second-largest jackpot ever of around $1. 6 billion.
Do Powerball winners stay rich?
The short answer to this question is that it depends. Powerball winners can certainly stay rich if they manage their winnings wisely and plan for the future. Powerball prizes, after all, can often reach hundreds of millions of dollars, so it would be negligent to try and blow through all that money in a few years.
However, Powerball winners should be aware of the pitfalls that come with such large amounts of money. Many people that win the lottery become overwhelmed by the sudden wealth and find it difficult to adjust to the pressures of having such a large sum of money.
In fact, studies have shown that many people who win state lottery games end up becoming worse off financially within five years of winning.
That said, there have been examples of Powerball winners who have stayed rich. These people usually have help, such as financial advisors and attorneys, and often have short-term and long-term plans for their winnings.
These plans can include investments and trusts to help maintain the money throughout the years.
Overall, Powerball winners can stay rich, but it comes down to knowing how to manage their winnings and plan for the future. The key to staying rich is to remember that a Powerball prize is not a windfall, but a long-term investment.
Who hit the 2 billion dollar lottery?
The November 28th, 2018 Powerball drawing saw a single winner in South Carolina claim the $1. 537 billion jackpot prize, the largest jackpot in U. S. history. The winner chose to remain anonymous but as required by South Carolina law, the identity of the winner was revealed as a trust.
The trust, “The Hillcrest Trust,” is linked to Columbia, South Carolina, lawyer Lisa Collier. She is the daughter of C. J. and Nancylou Kinard, who run a financial services company called Kinard Investments in nearby Sumter.
It is believed that Collier and the Kinards are the ones behind the trust, which effectively makes them the winner of the historic lottery jackpot.
Did anyone ever claim 1.5 billion dollar lottery?
Yes, there have been several people who have claimed a $1. 5 billion lottery prize. The most recent such lottery win was the $1. 5 billion Mega Millions jackpot that was split between two winners in October 2018.
One of the winners, a South Carolina resident, elected to take a lump sum payment of $877 million rather than the full amount they were entitled to over time. This payout made them the holder of the single largest jackpot win in U.
S. lottery history. The other winner has chosen to remain anonymous, but they selected the annuity option and will receive an estimated $716 million over the course of 29 years.
How much did 1.5 billion lottery winner take home?
The answer will depend on the specific lottery and the taxation rules in the jurisdiction where the lottery was won, but generally speaking, a lottery winner with 1. 5 billion will still have to pay taxes.
For the US Powerball lottery in particular, winners can take either take a lump sum of the prize money or an annuity over 29 years. Taking the lump sum will mean a much lower total due to taxes since the annuity is taxed as regular income, whereas the lump sum is taxed only once.
For the 1. 5 billion dollar Powerball win, the lump sum is typically around $1. 3 billion. Therefore, after taxes and any mandatory withholdings, the winner would be taking home around $900 million.
Can the IRS take your lottery winnings?
Yes, the Internal Revenue Service (IRS) can take your lottery winnings, just like any other income. The IRS taxes lottery winnings as “Other Income” on Form 1040 of your tax return. Depending on the amount you win, you may have to pay federal taxes as well as state and local taxes.
All lottery winnings are subject to federal income tax regardless of the amount. You must pay taxes on your winnings when you file your tax return that year. Additionally, many states also tax lottery winnings.
Depending on the amount of the winnings, it is wise to seek the help of a tax professional to make sure you are paying the correct amount of taxes.
Has a rich person ever won the lottery?
Yes, there have been several instances of rich people winning the lottery. In 2014, Michael Carroll, an unemployed, uneducated coal miner from the UK, won nine million pounds in the lottery. Before the lottery win, Carroll was a millionaire, but not from his own doing.
He was the beneficiary of an inheritance from his grandmother, which gave him a comfortable lifestyle. However, despite this, he was not immune from the same financial pressures as everyone else.
In 2018, Paul Long, an affluent businessman from Wisconsin, also hit the lottery. Although Long was very wealthy, he used part of his winnings to set up a foundation which gives scholarships to children of low income households.
Long also donated more than a million dollars to charities and individuals in need.
Overall, while the chances of winning the lottery are usually considered to be extremely small, it is possible for people of any financial background to become millionaires overnight. Though the odds may never be in their favor, the few lucky winners who manage to hit the jackpot are often inspiring reminders of just how wildly life can change in an instant.
What percent of lottery winners go broke after 5 years?
The exact percentage of lottery winners who go broke after five years is not known, as there is no definitive research on the topic. However, anecdotal evidence from interviews with lottery winners and studies of past lottery winners suggest that the majority of lottery winners do not manage their winnings wisely, resulting in bankruptcy or other financial troubles within five years.
In one of the most comprehensive studies on the topic, the National Endowment for Financial Education found that roughly 70 percent of lottery winners go through their entire winnings within five years.
Additionally, a 2013 article in USA Today reported that of the dozen lottery winners interviewed for their article, eight had declared bankruptcy. Furthermore, a 2017 article in The Atlantic stated that seven out of eight lottery winners interviewed for their article declared bankruptcy within five years.
These studies and reports suggest that the majority of lottery winners do not effectively manage their winnings and often find themselves in financial difficulty within five years.
Which jackpot is 500 million?
The $500 Million lottery jackpot is available through the multi-state Powerball lottery and is known as the “Mega Millions”. The Match 5 + Mega Millions jackpot starts at $40 million but rolls over draw to draw until it is hit.
To play, participants must select five white balls from a drum of 1-70 and one gold Mega Ball from a drum of 1-25. To win the $500 Million jackpot, players must match all five white balls and the gold Mega Ball.
Drawings are held twice a week on Wednesdays and Saturdays at 11 pm EST.
What is the highest lottery jackpot ever?
The highest lottery jackpot ever was won in January 2016 by three winners who shared the record-breaking $1. 6 billion Powerball jackpot. The winners hailed from California, Florida and Tennessee, and each took home more than $528 million after state and federal taxes.
This jackpot was the largest in history, surpassing the previous record of $656 million, which was shared by three Mega Millions winners in March 2012. The world record for a single lottery winner is held by “Manchester lass” (UK resident) Angela Dawes, who won £35.
4 million on the EuroMillions lottery in August 2012.
Who won the 500 million Powerball jackpot?
The lucky winner of the 2018 $500 Million Powerball Jackpot was 20-year-old Shane Missler from Port Richey, Florida. After taxes, he took home a lump sum of $281,874,999. Missler was the only person to match all six Powerball numbers, which were 28-30-39-59-70 and a Powerball of 10.
He purchased his ticket from a 7-Eleven convenience store located in his hometown. After the winnings were processed, Missler announced on his Facebook page that he planned to “take care of [his] family, have some fun along the way, and cement a path for financial success so [he] can leave a legacy far into the future.
” In addition to spending the money on his family, Missler has also decided to donate to various causes in his community.
Where are the most Powerball winning tickets sold?
The most Powerball winning tickets have been sold in the states of California, Florida, New York, Texas, and Illinois, according to Powerball. org. California has had the most Powerball wins with 134 tickets sold since 1988.
Florida has had 132 Powerball winners since 1988, with New York in third place at 122. Texas follows in fourth place with 104 winners since 1988, then comes Illinois with 99 Powerball winners. The state with the fewest Powerball winners is Hawaii, with only one official ticket sold since 1988.
What city was winning Powerball sold?
The winning Powerball ticket was purchased at Casey’s General Store in Des Moines, Iowa. The incredibly lucky winner is the first one ever to match all six numbers correctly in the state of Iowa, which has had record jackpot sales in 2020 with nearly $540 million.
The winning numbers drawn on Wednesday evening were 11-21-31-41-59, and the Powerball was 26. The estimated jackpot was $540 million and the cash option was $380. 1 million. The ticket holder has the option to take the full jackpot spread out over 30 years, or the cash option of a one-time lump sum payment.
The winner will also be liable for both federal and state income tax, depending on the state the individual resides in. It is the ninth Powerball jackpot of the year, and the 20th time that someone has won a Mega Millions or Powerball jackpot in 2020.