Powerball says 1 ticket won $570M jackpot, one of largest in history

One Powerball ticket holder in New Hampshire is the winner of the $570 million jackpot prize, one of the largest in the multistate lottery's history.

The winning numbers, drawn Saturday night, were 12, 29, 30, 33, 61 and 26. The owner of the winning ticket can choose the annuity option in which payments are made over 30 years, with each annual payment increasing over time. Most, however, choose the cash option. In this case, take-home cash would be $358.5 million.

More than 4 million tickets, including the jackpot winner, won prizes from Saturday's drawing.

Last year, a woman from Chicopee, Massachusetts, won the $758 million Powerball jackpot and received a lump-sum payment of $480 million after choosing the cash option. In 2016, three winners from California, Florida and Tennessee split a jackpot prize of nearly $1.6 billion.

The game started as Lotto America in the late 1980s and was changed and renamed Powerball in the early 1990s. It's one of two big jackpot games played in 44 states, the District of Columbia and the U.S. Virgin Islands.

The other one, Mega Millions, found a winner Friday. A single Mega Millions ticket holder in Florida won the $450 million jackpot prize, the fourth biggest in the multistate lottery's 15-year history. The winning ticket was sold at a 7-Eleven in Port Richey, a Gulf Coast town northwest of Tampa, according to Florida Lottery.

The winning Mega Millions numbers, drawn Friday night, were 28, 30, 39, 59, 70 and 10. Payments made over 29 years, with each annual payment 5 percent bigger than the previous one, will be made under the annuity option. The one-time cash payment would yield $281 million.

This win comes just a few years after another Florida winner split a sizable haul with a winner from Maryland. Winners from the two states won the $414 million Mega Millions jackpot in 2014.

A total of nearly 3 million tickets, including the Mega Millions jackpot winner, won prizes Friday.

The odds of winning jackpot prizes in both games were astronomical. For the Powerball jackpot, they were 1 in 292 million. The odds of winning the Mega Millions jackpot were worse: 1 in 302.6 million, according to CNN Money.

The prizes for both lotteries are back down to $40 million, with drawings scheduled Tuesday for Mega Millions and Wednesday for Powerball.

All lottery winnings are subject to a 25 percent federal tax withholding, The Washington Post's Jonnelle Marte wrote. Most states also charge taxes, some up to 9 percent.

States such as New York and Maryland, along with the District of Columbia, are among the worst places to win a lottery. Maryland, for instance, withholds 8.75 percent for residents and 7 percent for nonresidents. But winners in 10 states, as well as Puerto Rico and the U.S. Virgin Islands, could walk away with bigger winnings because those states don't charge state taxes on lottery winnings, Marte wrote. One of them is Florida.

 

Sunday

By Kristine Phillips, The Washington Post

One Powerball ticket holder in New Hampshire is the winner of the $570 million jackpot prize, one of the largest in the multistate lottery's history.

The winning numbers, drawn Saturday night, were 12, 29, 30, 33, 61 and 26. The owner of the winning ticket can choose the annuity option in which payments are made over 30 years, with each annual payment increasing over time. Most, however, choose the cash option. In this case, take-home cash would be $358.5 million.

More than 4 million tickets, including the jackpot winner, won prizes from Saturday's drawing.

Last year, a woman from Chicopee, Massachusetts, won the $758 million Powerball jackpot and received a lump-sum payment of $480 million after choosing the cash option. In 2016, three winners from California, Florida and Tennessee split a jackpot prize of nearly $1.6 billion.

The game started as Lotto America in the late 1980s and was changed and renamed Powerball in the early 1990s. It's one of two big jackpot games played in 44 states, the District of Columbia and the U.S. Virgin Islands.

The other one, Mega Millions, found a winner Friday. A single Mega Millions ticket holder in Florida won the $450 million jackpot prize, the fourth biggest in the multistate lottery's 15-year history. The winning ticket was sold at a 7-Eleven in Port Richey, a Gulf Coast town northwest of Tampa, according to Florida Lottery.

The winning Mega Millions numbers, drawn Friday night, were 28, 30, 39, 59, 70 and 10. Payments made over 29 years, with each annual payment 5 percent bigger than the previous one, will be made under the annuity option. The one-time cash payment would yield $281 million.

This win comes just a few years after another Florida winner split a sizable haul with a winner from Maryland. Winners from the two states won the $414 million Mega Millions jackpot in 2014.

A total of nearly 3 million tickets, including the Mega Millions jackpot winner, won prizes Friday.

The odds of winning jackpot prizes in both games were astronomical. For the Powerball jackpot, they were 1 in 292 million. The odds of winning the Mega Millions jackpot were worse: 1 in 302.6 million, according to CNN Money.

The prizes for both lotteries are back down to $40 million, with drawings scheduled Tuesday for Mega Millions and Wednesday for Powerball.

All lottery winnings are subject to a 25 percent federal tax withholding, The Washington Post's Jonnelle Marte wrote. Most states also charge taxes, some up to 9 percent.

States such as New York and Maryland, along with the District of Columbia, are among the worst places to win a lottery. Maryland, for instance, withholds 8.75 percent for residents and 7 percent for nonresidents. But winners in 10 states, as well as Puerto Rico and the U.S. Virgin Islands, could walk away with bigger winnings because those states don't charge state taxes on lottery winnings, Marte wrote. One of them is Florida.

 

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