Who won biggest Powerball?

The winner of the largest ever lottery jackpot described himself as “shocked and ecstatic” as officials revealed his identity, satisfying a law in his state, California. Edwin Castro bought the ticket that won the record-breaking $2.04bn Powerball jackpot on 8 November.

Who won the $2 billion jackpot?

California resident Edwin Castro is the sole winner of the record-breaking jackpot from November 2022. The California Lottery is maintaining it verified the rightful winner of the record-breaking $2.04 billion Powerball jackpot, after a man claimed he had the winning ticket before it was stolen from him.

Who won the 2.1 billion Powerball?

The winner of November's record-high $2.04 billion Powerball jackpot was identified in California on Tuesday, the state lottery announced. The winner was a man named Edwin Castro, said California Lottery Director Alva Johnson.

Who won 2.04 billion Powerball?

While the winner of the $2.04 billion jackpot, Edwin Castro, isn't walking away a billionaire, he has received the largest cash payout in Powerball history, according to game records.

Who won the billion dollar Powerball?

Edwin Castro, who did not appear at the California Lottery press conference, was the sole winner of the Nov. 7, 2022 drawing, officials announced.

Record $2 billion Powerball jackpot: Who won the big prize?

Can the IRS take your lottery winnings?

All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24%. This potentially leaves a gap between the mandatory amount of withholding and the total tax you'll ultimately owe, depending on your tax bracket.

What was the payout for the 2 billion Powerball?

After months of anticipation, a winner finally came forward to claim the record-breaking $2.04 billion Powerball jackpot won on a single ticket sold in California. Though the jackpot was advertised as a multi-billion dollar prize, the lucky winner walked away with just $997.6 million – why?

What Lotto winner is getting sued?

Edwin Castro was identified Tuesday as the winner of California's record $2.04 billion Powerball jackpot. LOS ANGELES - A California man has filed a lawsuit against the recently identified $2.04 billion Powerball winner, claiming the ticket was stolen from him, TMZ reports.

What was the lump sum for 2.04 billion?

$2.04 Billion Powerball Winner Revealed

Castro reportedly opted for the lump sum payment of $997.6 million and in a statement provided to lottery officials, expressed shock over having won the massive jackpot.

Who won the Mega Millions 2023?

January 17, 2023 - $20 million ($10.6 million cash) won by Jerson Garcia of the Bronx, N.Y. January 13, 2023 - $1.348 billion ($723.5 million cash) won by LaKoma Island Investments, LLC, with a ticket purchased in Lebanon, Maine.

Who won the 2.5 billion Powerball?

On Feb. 14, the California Lottery announced Edwin Castro as the only winner of the $2.04 billion Powerball jackpot. Castro had bought the ticket at Joe's Service Center in Altadena, an area just north of Los Angeles, ahead of the November drawing. The winning ticket matched all five numbers as well as the Powerball.

Who has won the biggest lottery ever?

California resident Edwin Castro has been revealed as the winner of the world's greatest jackpot in a national lottery, over three months after the numbers were drawn in November 2022.

Who was the last Powerball winner?

The winner is Edwin Castro, but if you're looking for more information about the winner, you're going to face some long odds thanks to California's laws.

What happened to Marvin and Mae Acosta?

Marvin and Mae Acosta have claimed their prize of $528.8 million -- their stake of the billion dollar jackpot. The Acostas' winnings are the largest in the history of California's lottery. They purchased their ticket in Chino Hills, California, and chose the cash option of $327.8 million.

Who won the lottery in Altadena?

Edwin Castro, who came forward last month as California Lottery's first billionaire winner, closed on the Altadena home not long after purchasing a $25.5-million home in Hollywood Hills. He bought the second house through a limited liability company, public records show, as he did with the Hollywood Hills mansion.

Is it better to take lump sum or payout Powerball?

Taking your winnings in a lump sum lowers the total amount you receive and can lead to expensive tax consequences. Taking your lottery winnings as an annuity over time will result in total payments closer to the advertised jackpot.

How much is a lump sum payment on $1 million dollars?

How much do I pay in taxes if I win 1,000,000? If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000 federal withholding, plus the remaining $94,072 for single filing status in 2021).

What is the first thing you should do if you win the lottery?

Who won the lottery stolen ticket?

California man claims $2 billion winning Powerball ticket was stolen from him. Jose Rivera alleges in a lawsuit that he purchased the winning Powerball ticket and it was stolen from him the same day.

Is the $2 billion Powerball winner being sued?

New court filing in $2B Powerball lawsuit claims to have identified man who stole winning ticket. The man who claims he bought the winning Powerball ticket for the $2 billion jackpot now says he found the man who stole it. ALTADENA, Calif.

Is the billion dollar lotto winner being sued?

A man has filed a lawsuit claiming to be the rightful winner of November's $2.04 billion Powerball jackpot, although California Lottery officials insist that they have the right winner.

Who won the billion dollar Powerball 2023?

Edwin Castro. At Mr. Castro's request, lottery officials did not disclose any biographical information about him, though they did release his name at a news conference, in keeping with California's public disclosure laws.

How do you give money to family after winning the lottery?

You can physically take cash out of the bank to give to your loved ones, or you can transfer funds into their accounts. Just know that these can also be subject to taxation depending on the amount. This allows your family or friends to do what they please with the money to fund personal expenses.

What states do not pay tax on lottery winnings?

There are eight states that do not tax Powerball winnings: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming. Pennsylvania, North Dakota, Indiana and Ohio also make our list of best states. Take Our Poll: Are You Planning To Buy or Sell a House This Year?