$1.765 Billion Powerball Jackpot
October 11, 2023 — California
The winning ticket for the $1.765 billion Powerball jackpot — the second-largest in US history — was sold at Las Palmitas Mini Market in downtown Los Angeles, California. The same store had sold the winning ticket for a $1.08 billion Powerball jackpot just months earlier, making Las Palmitas one of the luckiest lottery retailers in America. The winner came forward in early 2024 to claim the prize with a cash value of $774.1 million before taxes.
What Happened Next
Payout choice: The winner chose the lump sum cash option of $774.1 Million, which after federal taxes (37% top bracket) and applicable state taxes results in a significantly reduced — but still life-changing — take-home amount.
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