Home International Powerball just made one person insanely rich of $758.7 million grand prize

Powerball just made one person insanely rich of $758.7 million grand prize

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— Wow! We have a winner
— Powerball largest jackpot winner hits $758.7 million grand prize.
— Massachusetts ticket snags $759 million Powerball jackpot
— Powerball-winning ticket for $758.7 million jackpot sold in Massachusetts

A winning ticket for Wednesday’s $758.7 million grand prize was sold at the Handy Variety convenience store in Watertown, Massachusetts, a lottery spokesman said. It’s the largest jackpot with a single winner in North American history.

In a statement early Thursday, McIntyre also says six other tickets won $2 million apiece, and 34 more are worth $1 million.

The winning numbers were 6, 7, 16, 23, 26 and the Powerball was 4.

A Powerball lottery sign displays the lottery prizes at a convenience store Wednesday, Aug. 23, 2017, in Northbrook, Ill.

It wasn’t immediately clear who bought the lucky ticket. And whoever it is won’t get their hands on the full jackpot — lottery winnings are taxed like income.

A ticket sold at #HandyVariety in #Watertown, MA is the lone winner of the $758.7 million #Powerball jackpot!!! pic.twitter.com/BvYZ4eauSC

The $758.7 million jackpot is the annuity option, paid over 29 years in 30 installments that increase 5 percent annually. A winner who opts for a cash payout would get $480.5 million, minus taxes.

The IRS taxes the top income bracket 39.6%. And the government will withhold 25% of that before the money ever gets to the winner. The rest has to be paid at tax time.

Chances of picking all six winning numbers currently stand at about one in 292 million.

 

Photo credit: wp,cnn