Largest ever lottery winner

Since his historic win, news reports show he has splurged, buying two multimillion-dollar homes in his home state of California, and a vintage ride that's sure to turn heads. Though he declined to appear publicly when he claimed the grand prize two months after the drawing, he complimented California public schools "as movie times real winner" and said in largest ever lottery winner written statement he was shocked and ecstatic. In California, lottery winners' identities are public record.

This is a list of the largest jackpots, or prizes, awarded in various lotteries. However, the net for a major prize often is misleading; winners often owe the IRS upon filing a return because the Federal withholding was below the winner's tax obligations. Nonresident U. While the largest lottery prizes in the early history of U. All prizes listed below are reported as the pre-withholdings amount, as this is taxable income the player must report on their returns to be subject to taxation. Jackpots and jackpot shares listed below are annuity amounts and the cash value.

Largest ever lottery winner

Castro declined an invitation to appear at a news conference held on Tuesday by lottery officials in California. But the names of California lottery winners must become public by law, so officials published his name while reading a statement on his behalf, in an event that was recorded on video posted online. His winnings are subject to federal taxes, which reduce the payout by more than a third. However, California is one of eight states that do not tax Powerball winnings. Players must match all five white balls and one red Powerball to win the jackpot. The odds of doing so are one in m. Given the steep odds, it is not unusual for the prize to go un-won until a growing jackpot attracts more players to cover more possible number combinations. There had been 40 Powerball drawings without a winner before Castro won. His winning numbers were 10, 33, 41, 47 and 56 and the Powerball was The sheer size of the prize set off a rush across the US as people in states that do not offer the Powerball lottery crossed into ones that do in order to try their luck. This article is more than 1 year old. Explore more on these topics California news. Reuse this content.

October 6, CNN Business. The Mercury News.

But believe it or not, the latest jackpot is not even the largest one the Powerball has ever seen. If you're dreaming of the billion, there's still time to play: The next Powerball drawing is Wednesday, Oct. Drawings are every Monday, Wednesday and Saturday. First time playing the Powerball? Here's exactly how to ask the cashier for a ticket. According to the Powerball's records, here are the 10 largest jackpots ever won:.

The winner is Edwin Castro, but if you're looking for more information about the winner, you're going to face some long odds thanks to California's laws. According to the California Lottery , the lottery is subject to public disclosure laws, meaning the winner's name and other relevant information is publicly revealed. This is what gets revealed, in accordance with state laws:. At a news conference Tuesday, lottery officials said Castro declined an invitation to appear publicly. Although Castro declined to speak with reporters, he sent a written statement to officials saying he was "shocked and ecstatic" to have won. Castro added he was glad California public schools benefit from the lottery because he identified as "being educated in the California public education system. State officials have Castro's winning ticket and said they're considering putting it on display at the lottery's headquarters. More: An year-old bought a lottery ticket for the first time. Officials said Castro chose the lump sum payment rather than the annuity option, which would have given him his winnings over 30 annual payments.

Largest ever lottery winner

Overcoming odds of 1 in Additionally, his winnings were subject to federal and jurisdictional taxes. Following 40 consecutive draws without a winner, the Powerball lottery's grand prize had swollen to its largest amount ever. Mr Castro eventually claimed the unprecedented pot with winning numbers of 10, 33, 41, 47, 56 and a Powerball of Mr Castro had kept his identity secret until it was revealed by California Lottery officials on Tuesday. Despite being named, he opted not to attend the press announcement or reveal any further information about himself, as he wishes to maintain his privacy. As mandated by Californian law, lottery winners have one year to submit their winning ticket, and their name and winnings must be announced as part of the public record.

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What are the 10 biggest Powerball jackpots ever? January 29, One winning ticket split between 90 players [84]. February 12, Philippine Daily Inquirer. ABC Action News. CNN Business. Archived from the original on Washington, D. Powerball officials said they have "strict security requirements" that 48 participating lotteries must must meet before a drawing can occur.

Since his historic win, news reports show he has splurged, buying two multimillion-dollar homes in his home state of California, and a vintage ride that's sure to turn heads.

Michigan Live. First Powerball jackpot won in a Monday drawing. March 7, Powerball numbers to know: These most commonly drawn numbers could help you win. Retrieved February 5, United Kingdom , Spain. Explore more on these topics California news. The Oregonian. Retrieved January 6, Drawings are every Monday, Wednesday and Saturday.