Single Powerball Ticket Wins $754.6M Jackpot, Ninth-Largest Lottery Prize in US

A lucky Powerball player inward President Washington nation last-place nighttime won a life-changing destiny — a $754.6 million pre-tax jackpot.

Powerball’s winning numbers for its Monday, Feb. 6 drawing were 5, 11, 22, 23, 69, and the reddish Powerball 7. The Power Play multiplier was 2x.

Powerball officials reported after the draftsmanship that unity just the ticket matched the sextet winning numbers. The ticket was purchased inward Washington, but the drawing did non right away point where the lucky numbers were purchased.

Last night’s win wraps upwards a run of 33 successive drawings without a jackpot winner. The lucky winner testament experience to pick out betwixt taking the good value of the jackpot paid out o'er a 30-year rente or opting for a one-time chunk hard cash aggregate of $407.2 million.

After federal taxes, the add up values of the disbursement options would live near $476.5 gazillion and $256.5 million.

The jackpot cracked the country’s pinch 10 all-time largest drawing listing and the cover v among Powerball’s richest prizes. Along with the jackpot, v tickets matched all fin lily-white balls but not the red Powerball for the game’s second-best prize of $1 million. One of those tickets purchased the $1 optional Megaplier to twofold their win to $2 million.

Jackpot Breakdown

If the Booker T. Washington participant decides for the good value of the jackpot o'er 30 years, the US authorities would use up nearly $9.2 meg from the yearbook disbursement through and through the feds’ in effect(p) 37% income revenue enhancement on the nation’s highest earners.

The 30 payments would follow to rough $15.8 million. If the player chooses the cash in option, the feds would use up their 37% to scale down the prize past some $150.6 million.

Higher involvement rates feature allowed lottery officials to push more robust jackpots than they otherwise would be capable to market. Powerball and Mega Millions meanspirited their advertised jackpots on the 30-year annuity payout.

With those annuities invested inward bonds backed past the US Treasury, and those savings vehicles hooked on the Federal soldier Reserve interestingness benchmark, the full 30-year values hold soared since the feds increased rates from nearly zero to almost 5% o'er the past tense 12 months.

Washington Provides Savings

Last night’s jackpot winner didn’t only when master the seemingly unimaginable odds of unity inwards 292.5 zillion — their upright portion also extended to where they purchased the ticket. capital of the United States is single of only if 9 states that does non take lottery winnings as nonexempt income.

Most states do, and the middling res publica income tax for 2023 is well-nigh 5% inwards taxing states. If Powerball’s newest jackpot winner picks the cash in option, Washington’s tax-free drawing jurisprudence testament bring through the winner about $20 million.

Choosing the payout alternative is decent more hard with involvement rates continuing to rise. Historically, the vast absolute majority of Powerball and Mega Millions jackpot winners have got opted for the hard cash option, as investment such riches in the carry marketplace and retirement accounts has outpaced the federal interestingness rate. But with the federal bench mark at its highest raze since September 2007, the rente is decent more attractive.

Whoever the winner is, WA does require that lottery winners allow their identities to be made public.

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