$835.3 Million Powerball Jackpot
September 30, 2023 — Michigan
The winning Powerball ticket was sold at a Food Castle store in Frenchtown Township, Michigan. The winner claimed the prize anonymously, as permitted under Michigan lottery regulations. This was the sixth-largest Powerball jackpot ever at the time of the drawing.
What Happened Next
Payout choice: The winner chose the lump sum cash option of $417.2 Million, which after federal taxes (37% top bracket) and applicable state taxes results in a significantly reduced — but still life-changing — take-home amount.
Privacy: The winner chose to remain anonymous, claiming through a trust or LLC. Financial advisors generally recommend this approach to protect winners from solicitation, scams, and personal safety risks.
Source: https://www.michiganlottery.com/
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