Powerball $337 Million Jackpot Purchased In Michigan
By Donovan Jackson | Aug 16, 2012 09:02 AM EDT
According to CNN.com,
The winning ticket for the estimated $337 million Powerball jackpot was purchased at a Sunoco gas station in Lapeer, Michigan, lottery officials say. The lucky person has not yet been identified.
The winning numbers were 6, 27, 46, 51, 56 and 21.
Eight other tickets won the $1 million Match 5 prize. Two of those tickets were bought in Indiana, and the others in Kansas, Kentucky, New Jersey, New Mexico, Pennsylvania and Virginia, lottery officials said.
The prize for the national lottery -- held in 42 states, the U.S. Virgin Islands and the District of Columbia -- swelled Saturday after no one hit all six numbers.
The game's largest prize to date was $365 million, which was awarded in 2006 to a group of eight co-workers at a Nebraska meat-packing plant.
In 2005, a group of four in Oregon won a $340 million jackpot, considered the second-largest.
Those record drawings happened when the cost for a Powerball ticket was $1. In January, the price increased to $2, with officials saying it would lead to an increased number of large jackpots.
At the same time, the odds improved somewhat because officials reduced the number of red balls, the Powerball's, from 39 to 35.
Earlier this year, Louise White, an 81-year-old Rhode Island resident, came forward as the winner of a $336.4 million prize, the third-largest prize claimed in the game's history.
"I'm very happy and I'm very proud," she said. "We are truly blessed. Thank you."
White bought the winning ticket in February in Newport, Rhode Island, after a family member had a craving for rainbow sherbet and brought her to a store, where she purchased the ticket. After realizing she had won, White tucked the winning ticket into her Bible and went to sleep holding the book, bringing it with her to breakfast the next day until she could eventually store it in a safe deposit box, before claiming her winnings.
At $337 million, the Powerball pot still has ways to go to catch MegaMillions at the top of the list of U.S. grand prizes. In March, three tickets were sold for a drawing with the top prize of $656 million.
Lottery Information:
Most U.S. lotteries take out 28 percent from the winnings to pay federal taxes. But, if your winnings were in the millions of dollars, you would be paying closer to 39.6 percent (the highest tax bracket) in federal taxes when tax time comes. Add state and local taxes, and you might end up with only half of your winnings when you are done paying taxes.
If you had opted for the lump sum prize in our $10 million lottery, the prize would be about $5 million. After federal and state taxes, you'd be left with about $2.5 million.
Do to the subtraction of the lottery winnings by the state, Michigan may see a small increase in the states wealth thanks to the Powerball winner
Most Popular
-
1
Setting Boundaries: Why It Is Important to Separate Personal and Professional Relationships -
2
Workplace Distractions That Kill Productivity: It's in Our Hands All the Time -
3
Airlines Industry Report: Passenger and Cargo Airline Employment Statistics as of May 2024 -
4
Diehard Democrat Fired After Posting What She Intended to Be 'Comedic' About Trump’s Assassination -
5
Customs and Border Protection Works with Canines as Biosensors of Smuggled Fentanyl, Firearms at the Mexico Border -
6
Secret Service Faces Scrutiny Over Trump’s Assassination, Causing Calls for The Chief’s Resignation -
7
Even Elon Musk Hates Office Jargons. Here’s Why