A single ticket wins Saturday's Powerball jackpot prize of $456.7 million

[TexasTowelie]

Source: Cleveland.com

A single ticket sold in Pennsylvania won the Powerball jackpot in Saturday's drawing, lottery officials announced early Sunday.

The ticket matched all five white balls and the Powerball to win a jackpot estimated $456.7 million, with a $273.9 million cash value. It is the 8th largest jackpot in Powerball history.

There no immediate word of who has the winning ticket or where in Pennsylvania it was sold.

In addition, three tickets matched all five white balls in the drawing. The tickets were sold in California, Missouri and Texas. The ticket sold in Texas won a $2 million prize using the 2X multiplier. The two other tickets are worth $1 million each.

Read more: http://www.cleveland.com/metro/index.ssf/2018/03/powerball_numbers_did_you_win_24.html

[msongs]

1. such a rip that winners dont get the entire amount nt

[meadowlander]

2. They do if they're willing to take it in installments over thirty years.

The smaller number is the instant cash payout.

[Princess Turandot]

3. The 'full' amount is based on the winner taking an annual payout over 30 years...

Tax withholding aside, the sum of those payments would equal the face amount (in a simplistic example). The lump sum is the present value of the payment stream. (Present value is the amount of money one would need to invest today in order to earn enough money to be able to pay for the annuity over the thirty years. It's completely dependent upon the future interest estimates used in the calculation.)

[DFW]

4. Here in high-tax Germany, lottery winnings are tax-free

Different strokes, etc. Profits on inherited investments are tax-free, also, if held for one year after inheritance (which IS taxed, as in the USA). In the USA, such gains are taxed at 31.8% net (28% plus another tax of 3.8%).

I'm sure the winner of the $456.7 million wasn't counting on winning in the first place, so I would hope that upon being told they get "only" $273,900,000 when the smoke clears, that they aren't TOO disappointed. If a sudden windfall of $273.9 million isn't enough to cover your needs, you need help.

[angstlessk]

5. I used to think those 'bingo ball' selections were honest..

Now I not only wonder, but believe they are connived.

Who would NOT cheat for a few hundred million?

Of course if it ever got out...no one would buy tickets, and would revert to the honest numbers game!

[BumRushDaShow]

6. In some cases they weren't "honest"

including here in PA with an infamous case in 1980. There was also more high-tech cheating going on at one point for some states.

And it did "get out" but people didn't really care and continued to buy tickets!

[angstlessk]

7. Well, now we know how PA went for trump!

folks bring conned, lovin it!