An Arkansas Powerball player has won the largest Powerball jackpot ever on Christmas Eve at $1.817 billion. It’s also the second-largest lottery prize in history in the USA.
The winning number combination was 4 – 25 – 31 – 52 – 59 and the PowerBall was 19. The winning player has a choice between receiving an initial payment through an annuity for 29 years or as a lump sum payment of $834.9 million. Most people choose to take their winnings as a lump sum.
costsOnly the second time that a Powerball jackpot has been won within Arkansas, the lottery kept the identity is confidential.
A ticket cost $2, and the chance of winning the Powerball jackpot is approximately one out of 292.2 million. Powerball has been an ongoing lottery since 1992, with the participation of 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands.
The lottery winnings for Powerball are subject to Federal taxes, which pay up to 24% – 37%. Many states also have State taxation on lottery winnings.
