Washington state woman wins $90 million Powerball jackpot on first try (2023)

FAQs

Who won the $754.6 million Powerball jackpot revealed in Washington state imagine my shock? ›

SEATTLE — The winner of the $754.6 million Powerball jackpot was revealed by Washington's Lottery on Friday afternoon. Becky Bell, an Auburn resident who has worked for Boeing for 36 years, claimed the Powerball jackpot on Tuesday, February 28. Bell said she purchased the winning ticket on Feb.

After months of anticipation, a winner finally came forward to claim the record-breaking $2.04 billion Powerball jackpot won on a single ticket sold in California. Though the jackpot was advertised as a multi-billion dollar prize, the lucky winner walked away with just $997.6 million – why?

The Washington state winner of last month's $754.6 million Powerball Jackpot, the fifth largest prize in the lottery game's history, has been revealed. Becky Bell of Auburn, Washington, bought the lucky ticket at a local Fred Meyer grocery store on Feb.

California resident Edwin Castro is the sole winner of the record-breaking jackpot from November 2022. The California Lottery is maintaining it verified the rightful winner of the record-breaking $2.04 billion Powerball jackpot, after a man claimed he had the winning ticket before it was stolen from him.

Powerball jackpot passes $1B again. An expert says it'll happen more often. The estimated Powerball jackpot is now $1.5 billion, nearing the record for the largest lotto pot in American history. The prize could be won Saturday.

“California Lottery remains confident that Edwin Castro is the rightful winner of the $2.04 billion prize stemming from the Powerball drawing in November of 2022.”

If you buy a winning Mega Millions ticket in California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, there's some good news for you: those states do not tax lottery winnings. This means if you live in those states and win, you will get $161,317,045.

If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000 federal withholding, plus the remaining $94,072 for single filing status in 2021). In addition, you need to pay state tax as well, depending on where you bought the lottery and where you live.

Even though the jackpot was $2.04 billion, the winner will take home much less than that after taxes. If they choose the lump sum payment, the winnings are automatically less than a billion dollars. They would also likely owe 37% in federal income taxes, which would reduce the lump sum to $634,785,984.

Winners can remain anonymous in some states, but some states will announce the identity of a winner after a certain amount of time. In Washington state, the Lottery office's site said as a public agency, all documents held by Washington's Lottery are subject to the Public Records Act.

What state has the most winners in Powerball? ›

We compiled a list of states with the MOST Powerball jackpot winners in the history of the game. The luckiest of the lucky? That would be Indiana. The Hoosier State boasts 39 jackpot wins since 1992, when Powerball got its start.

Winners have 60 days after claiming their jackpot prize at a Lottery office to make their choice, whether they choose the annuity or cash option. Winners who do not make a choice within 60 days will receive their prize as an annuity.

The luckiest guy around is at it again -- buying up property with the record-setting $2 billion Powerball jackpot he won in November, CBS Angeles reports. After claiming his win last month, Edwin Castro bought a $25 million Hollywood Hills bachelor pad.

$997.6M. If our winner takes the $997.6 million lump sum, they'll automatically pay the IRS $239.4 million, or 24% off the top in federal tax withholding, according to Forbes.

Edwin Castro, who came forward last month as California Lottery's first billionaire winner, closed on the Altadena home not long after purchasing a $25.5-million home in Hollywood Hills. He bought the second house through a limited liability company, public records show, as he did with the Hollywood Hills mansion.

Timothy Schultz, who won a $28M Powerball jackpot in 1999, tells "Nightcap's" Jon Sarlin the biggest mistake a lottery winner can make is not seeking a financial advisor to give guidance on their big jackpot winnings. For more, watch the full Nightcap episode here.

Rising interest rates are making jackpots bigger

Lotteries' advertised jackpots are based on annuities, which in turn are based on interest rates.

According to the National Endowment for Financial Education, 70% of lottery winners go bankrupt within a few years. Obtaining more money often leads to careless spending and the desire to get more money, and the greed can be destructive to the lives of winners and their families.

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.

Bill Morgan: 2 wins

Bill Morgan, a then-37-year-old Australian truck driver living in a caravan, won the lottery twice in a bizarre set of circumstances.

Who won the $2 B Powerball jackpot? ›

Powerball jackpot winner Edwin Castro can cross that off his list of purchases following his record-setting $2.04 billion win. Castro splurged on the Hollywood Hills mansion less than 30 days after his win was first announced on Valentine's Day, according to The Dirt.

Then there are the state taxes. Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Utah, Washington, and Wyoming.

So, you may ask "How much do I get if I win the Powerball?" It is about 52 percent of the total jackpot amount (before taxes). For example, if the Powerball jackpot is at $100 million, the cash value would be around $52 million.

If you elected the cash option or if your prize is only offered in a single payment, your check should arrive approximately six to eight weeks from your claim date. If your prize is to be paid in installments, your first payment should be available within six to eight weeks from your claim date.

Make copies of the ticket, secure it

Don't lose the ticket. State Farm says to make several copies of both sides of the ticket to show your lawyers and accountants. Then secure the actual ticket in a safe deposit box or personal safe. Once you've spoken to them, then sign the ticket.

The single winner could take the total $1.35 billion in 30 payments over 29 years or go for the one-time cash option – in this case, $707.9 million – which is what most winners choose. Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings.

Edwin Castro won what is the largest-ever lottery jackpot, and he opted for the lump sum payout of $997.6 million, the California Lottery said. Castro purchased the winning ticket in early November in Altadena, California, matching all six numbers in the drawing.

With a lump sum disbursement, lotteries pay out a percentage of the total jackpot in one lump sum (typically 40 to 50 percent of the full amount). If you select the lump sum option, you'll receive a large chunk of cash for your immediate use. You may spend it or invest it as you like.

Washington: 180 days. Washington D.C.: 180 days. West Virginia: 180 days. Wisconsin: 180 days.

How do you hide your identity if you win Powerball? ›

With the exception of the five states that do not participate, there are four states in which a Powerball jackpot has never been hit: Maine, Mississippi, North Dakota, and Wyoming.

In recent years, the majority of big lottery winners have opted for quick pick tickets to mark their numbers.

Luckiest States Research Summary

The luckiest state in the U.S. is Minnesota, with 22 big lottery winners and a life expectancy of 81 years.

The state of Washington does not tax lottery winnings and also doesn't levy any state income tax.

On the other hand, the following states do not tax lottery winnings: California, Delaware, Florida, South Dakota, Tennessee, Texas, Washington, and Wyoming.

California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming do not have lottery winnings withheld. This means that only federal tax rates would apply to winnings in these states. Of states that do withhold tax winnings, North Dakota is the lowest at 2.9%.

(NEXSTAR) – After months of anticipation, a winner finally came forward to claim the record-breaking $2.04 billion Powerball jackpot won on a single ticket sold in California. Though the jackpot was advertised as a multi-billion dollar prize, the lucky winner walked away with just $997.6 million – why?

California resident Edwin Castro is the sole winner of the record-breaking jackpot from November 2022. The California Lottery is maintaining it verified the rightful winner of the record-breaking $2.04 billion Powerball jackpot, after a man claimed he had the winning ticket before it was stolen from him.

Who won the 2 billion buys house? ›

Much of the house has glass walls that offer an amazing view of the city from the hill. The sole winner of the $2 billion Powerball draw was announced in November 2022. The California Lottery announced that Edwin Castro was the winner of the historic Powerball jackpot on Feb.

Then, depending on whether the winner's state taxes lottery winnings, he may have to add state taxes too. Most states have an income tax, from California's high 13.3% on down. But as harsh as California is, this is one place where California tax law is surprisingly favorable: Powerball winnings are exempt in the state.

You must pay federal income tax if you win

If the bounty is spread out over 30 years, you may not be in the highest tax bracket each year, depending on the size of your prize and your other income. All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24%.

If you buy a winning Mega Millions ticket in California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, there's some good news for you: those states do not tax lottery winnings. This means if you live in those states and win, you will get $161,317,045.

David Reed Bromstad (born August 17, 1973) is an American designer and television personality. In 2006, he became the winner of the debut season of HGTV Design Star. He has hosted a number of HGTV shows, including Color Splash, Beach Flip and My Lottery Dream Home.

Married couple Rick and Lorie Knudsen won a staggering $180 million in the California Mega Millions lottery.

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.

Mystery $40 million Powerball winner steps forward

This modal can be closed by pressing the Escape key or activating the close button. The man from Swan Valley bought the 'Slikpik 18' ticket from Springs News in Bennett Springs an hour before the draw closed.

4 Powerball draw worth nearly $700 million, according to the California Lottery. Scott Godfrey was the ultra-lucky person who walked into a Morro Bay Albertsons supermarket and bought 10 Quick Picks, one of which matched all six Powerball numbers drawn on that fateful day.

Where was the winner of the Powerball jackpot from? ›

The winning ticket was purchased at Joe's Service Center in Altadena. The store's owner, Joe Chahayed, received a $1 million prize for selling the ticket, lottery officials said. In an interview Tuesday, Chahayed said the money is going in part to his grandson's college fund.

The winner of California's $2.04 billion Powerball jackpot last year is being sued by a man who claims the ticket was stolen from him before the winning numbers were drawn. Edwin Castro was identified as the winner of the record-setting prize in February.

A dispute has been ongoing since a man was declared the winner of the multi-billion dollar prize after the ticket was sold in Altadena last November. State lottery officials have denied the claim that the winning ticket was stolen and say they are confident in their process for vetting winners.

Powerball Draw 1398 results: One WA resident scoops entire $40 million Powerball win.

A single ticket in Ohio matched all six numbers in the Wednesday night Powerball® drawing to win a jackpot worth $252.6 million.

Chances of winning the lotto between playing quick picks or selecting your own numbers are both equal. “Around 70 to 80 percent of Powerball players use Quick Pick tickets, and the same percentage of winning entries are Quick Picks,” one report said.

You need to search for whether your numbers are a good set of numbers to win the lottery. Remember, every number has an equal chance of winning. Don't go for quick-pick numbers. Your chance of winning may not be high if the machines pick the number for you.

Edwin Castro won what is the largest-ever lottery jackpot, and he opted for the lump sum payout of $997.6 million, the California Lottery said. Castro purchased the winning ticket in early November in Altadena, California, matching all six numbers in the drawing.

On Wednesday, July 20, a Washington resident stepped forward as the winner of the $25 million Mega Millions jackpot.

Who won the 747 million Powerball? ›

Becky Bell, of Auburn, Washington, said in news release issued by state lottery officials Friday that she had already purchased one ticket when she went grocery shopping with her daughter on Sunday, Feb. 5, and saw on a vending machine display that the prize had reached $747 million.

Powerball's last jackpot winner

Here is the list of 2023 Powerball jackpot wins, according to powerball.com: $754.6 million — Feb. 6; Washington. $162.6 million — Mar. 4; Virginia. $252.6 million — April 19; Ohio.