Powerball winning numbers of a record-setting $2.04 billion were identified on Tuesday as Edwin Castro, who purchased the winning ticket Altenda service station and opted for a lump sum payment of $997.6 million.
Edwin Castro’s Lottery Purchase Details
Edwin Castro bought a lottery at a Los Angeles in November. He all an odds of one in 292 million, and he was able to match all five winning numbers and Powerball numbers.
The ticket was bought in Joe’s Service Centre in Altadena, a place or town located around 15 miles north of Los Angeles and as per sources this shop will also be receiving a $1 million bonus for selling the winning ticket
Source : KCAL NEWS
Powerball Winning Numbers Got Jackpot
He was very shocked and delighted when he came to know that he has won highest ever winning amount in the history of the Powerball jackpot lottery
Edwin Castro Joined The Forbes List of Billionaires
Forbes has shared a fresh list of billionaires, Edwin Castro has become the 1292 richest person in the world. All credit goes to that winning ticket and Powerball for changing lives.
Edwin Castro Denied To Disclose His Personal Professional Details
Lottery officials have confirmed that Mr Edwin Castro is a very simple man and he wants to stay away from the limelight. Even his name was made publicly on 15th Feb’23.
Mr Edwin Castro has denied disclosing his current Address, his age and his occupation, he just wants to remain private.
However, Edwin Castro has given a bit of information that he is a former student of the California Public School System and has received a $156.3 Million Powerball jackpot as a part of the lottery’s charitable aims.
He added further that the one who gets the reward of being educated in the education system is always a proud moment to hear that as a result of my win or with my contribution. The California school system greatly benefits as well.
Source: Time Of San diego
Rule For Powerball Winning Amount Settelment
As per the Powerball jackpot rule the winners have two choices to get their claims
- The winners can claim their reward either over 30 annual payments
- Or they have a choice to get the claim as a Lump Sum
The Lottery officials have confirmed that Edwin Castro has chosen the latter option, receiving $997.6 Million.
As per data maximum winners are advisors or ask for a Lump sum even if the winning amount is not that much or low. It is because advertised jackpots are based on the estimated value of the prize if it is invested in Government bonds over a 30-year period.
Now the winning amount of $2 Billion climbed to its record jackpot amount. 2nd highest jackpot was a shared prize of $1.586 Million claimed in 2016.
Lottery Mega Millions Powerball Jackpot
The lottery Mega Millions and Powerball are two of the biggest lottery jackpot games in the United States, and both offer enormous jackpots that can reach hundreds of millions or even billions of dollars. Both games are played by selecting a set of numbers and hoping that those numbers match the numbers drawn in the official drawing.
Mega Millions is played by selecting five numbers from a pool of 70 white balls and one number from a pool of 25 gold balls. The odds of winning the jackpot in Mega Millions are approximately 1 in 303 million.
Powerball, on the other hand, is played by selecting five numbers from a pool of 69 white balls and one number from a pool of 26 red balls. The odds of winning the Powerball jackpot are slightly lower than Mega Millions at approximately 1 in 292 million.
Both Mega Millions and Powerball offer multiple prize tiers for matching some or all of the numbers drawn, and the jackpots roll over and increase in size until someone wins. It is important to remember that playing the lottery is a form of gambling, and the odds of winning are typically very low. It is essential to play responsibly and within your means.
What Is Powerball?
Powerball is a popular lottery game in the United States. Players select five numbers from a pool of 69 white balls and one number from a pool of 26 red balls, known as the Powerball. The drawing takes place twice a week, and players win prizes by matching some or all of the numbers drawn.
To win the jackpot, which can be worth hundreds of millions of dollars, players must match all five white balls and the red Powerball. The odds of winning the jackpot are very low, but smaller prizes can be won by matching fewer numbers.
The revenue generated by Powerball sales is used to fund various programs in the participating states, including education, public safety, and environmental protection. Powerball is one of the most popular lottery games in the world and has created many millionaires over the years.
The first Powerball drawing took place on April 22, 1992.
The largest Powerball jackpot in history was $1.586 billion, split among three winners in January 2016.
The odds of winning the Powerball jackpot are approximately 1 in 292 million.
Powerball is played in 45 states, as well as the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
In addition to the jackpot, Powerball offers eight other prize levels, ranging from $4 to $1 million.
The minimum jackpot for Powerball is $20 million, and it increases with each drawing until someone wins.
Powerball drawings take place twice a week, on Wednesdays and Saturdays.
In 2020, the total revenue generated by Powerball sales was over $4 billion.
Powerball Payout
The Powerball payout depends on the number of winning tickets sold and the number of winners in each prize category. The jackpot amount is determined by the total sales for the drawing, and the top prize is awarded to the player or players who match all five white balls and the red Powerball number.
In addition to the jackpot, there are eight other prize levels in Powerball, ranging from $4 for matching just the Powerball to $1 million for matching all five white balls but not the Powerball. The amount of the prize for each tier depends on the number of winning tickets sold and the number of winners in that category.
It is important to note that Powerball prizes are subject to federal and state taxes, and the amount of the tax varies depending on the winner’s state of residence and other factors. Some states also deduct a portion of the prize for state income taxes.
If you are lucky enough to win a Powerball prize, you should consult with a financial advisor or attorney to help you manage your winnings and plan for taxes and other expenses.
Powerball Double Play
Powerball Double Play is an add-on feature for the Powerball lottery that gives players an additional chance to win prizes in a separate drawing that takes place after the regular Powerball drawing. To play Double Play, players must add an extra $1 to their Powerball ticket cost.
In the Double Play drawing, five white ball numbers and one red Powerball number are drawn, just like in the regular Powerball drawing. However, the Double Play drawing uses a separate set of machines and balls from the main Powerball drawing.
If a player’s Powerball numbers match any of the winning numbers in the Double Play drawing, they can win additional prizes based on how many numbers they match. The Double Play prizes range from $4 for matching just the Powerball to $50,000 for matching all five white balls and the Powerball.
It is important to note that Double Play prizes are separate from the prizes in the regular Powerball drawing, and players can win prizes in both drawings if they have winning tickets. However, the odds of winning a prize in the Double Play drawing are lower than in the regular Powerball drawing.
Click Here To See Westory About Edwin Castro
Powerball drawings are held twice a week, on Wednesdays and Saturdays, at 10:59 pm Eastern Time (ET). The drawings take place at the Florida Lottery studio in Tallahassee, Florida, and the results are announced shortly after the drawing on the official Powerball website and various news sources. If you purchase a Powerball ticket before the drawing, make sure to check the winning numbers shortly after the drawing to see if you have won a prize.
Wednesday, February 16, 2022: 07 – 14 – 21 – 24 – 41 Powerball 05 Power Play 2x
Saturday, February 12, 2022: 02 – 07 – 35 – 39 – 57 Powerball 13 Power Play 2x
Wednesday, February 9, 2022: 05 – 14 – 24 – 38 – 56 Powerball 06 Power Play 2x
Saturday, February 5, 2022: 11 – 37 – 47 – 50 – 55 Powerball 10 Power Play 2x
Wednesday, February 2, 2022: 09 – 22 – 27 – 41 – 52 Powerball 08 Power Play 3x