Who Are The Powerball Millionaires? 3 Winners Will Split $1.58 Billion Jackpot
Three lucky ticket holders have won the $1.58 billion Powerball jackpot, getting to lay claim to the largest lottery prize in history, officials said.
The tickets that defied the odds of 1 in 292 million and matched the winning numbers were sold in Chino Hills, California; Munford, Tennessee; and in Melbourne Beach, Florida.
The numbers drawn were 8, 27, 34, 4 and 19, and the Powerball was 10.
Throngs of people flocked to the 7-Eleven franchise in Chino Hills that sold the winning ticket to support their local business owner and have the chance to get a glimpse of the new multi-millionaire.
“I didn’t expect this big crowd but my Chino Hills customers love me, and I love them,” Balbir Atwal, owner of the convenience store, told reporters.
Atwal and the owners of the two other stores that sold the winning tickets will receive a $1 million bonus.
Until Wednesday’s drawing, there were 19 consecutive Powerball drawings with no winner, which led to the largest prize in lotter history, officials said.
The cash equivalent to the eye-popping prize was more than $900 million, which will be evenly split among the three winners.
If each winner takes a lump-sum payout, they will each walk away with $187.2 million, CNN Money wrote.
This Powerball jackpot first started at $40 million on November 7, 2015.
While the drawing left most hopeful players disappointed, many will get to lay claim to lesser prizes.
A breakdown showed that more than 20 million people had won $4 by matching the Powerball number or the Powerball plus one other number.
More than two million matched two, three or four numbers. Seventy-three people won $1 million each for matching every number but the Powerball.
Neither Florida nor Tennessee has a state income tax. California law exempts lottery winners from paying state taxes. Federal taxes will take away 39.6 percent of the winnings.
Experts recommend that winners first bring together a team of financial professionals before they claim their prize.
They also suggest that winners should try to stay anonymous. Five states— Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina— don’t require a winner come forward in person.
Many others allow winners to create a trust to claim the prize so that they can remain unidentified.
This Powerball's winners' identities had not been announced by Thursday morning.
Players spent an estimated $2.6 billion on tickets in hopes that they would win big.
The previous record lottery jackpot in the United States was a Mega Millions game in March 2012, where $656 million was paid out.
The next Powerball drawing is scheduled for Saturday and had a $40 million jackpot.