The recent Wednesday drawing left 3 new millionaires from California, Florida and Tennessee. Their names have not been revealed yet, but each one gets $528 million from a prize of $1.586 billion.
The winning numbers were 4-8-19-27-34 and Powerball 10. The three lucky ones overcame the odd of 1 in 292.2 million.
They now have two options, either take annual payments for years or take one single smaller payment for once.
However, it is a big amount of money that the state takes. Depends on the federal and states taxes law. They can expect to take home one-third part of the jackpot, $176 million approximately.
The lottery money from the taxes goes mostly to education. In California, they put the money available for public schools. More than $1 billion has been donated since 2001, as reported by ABC News.
In Florida, the money goes for the state’s Educational Enhancement Trust Fund, them it is distributed for the stated legislature to wherever is needed, said Connie Barnes, Florida’s Lottery spokesperson.
The incredible amount of money is distributed in Tennessee for mainly scholarships. More than 100,000 people have been benefited from the program.
The Winner’s Ticket Retailers Also Win
It is not only about the final winners, but also about the lucky stores that sold those winner tickets.
The most benefited is the 7-Eleven in Chino Hills, California. $1 million will be awarded to the small town store. Even losers from the Wednesday drawing went there proud that the new millionaire came from their community.
“I was watching TV, my store show up,” said Balbir Atwal, the California’s storeowner. “I said, ‘Hey! That is my store.” He added enthusiastic.
“It is history. We are all so excited for our city” commented Rita Talwar a resident from Chino Hills who went to the store to celebrate.
The unknown store in Munford, Tennessee won $25,000 and the Publix in Melbourne, Florida will get $100,000. This amount is due the lottery laws in each state.
Source: CBS News