Who won the 500 million dollar lottery?
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Who won the 500 million dollar lottery?
The winner, Scott Godfrey, overcame overwhelming odds — 1 in 292 million — to claim the prize. He elected to take it as a lump-sum payment of $496 million, the release stated.
Did anyone win the 550 million Powerball?
It is the largest jackpot prize won on a single ticket in U.S. lottery history. Wanczyk, who was joined by her mother and two sisters at the Lottery’s Braintree headquarters to claim her prize, chose the cash option on her prize and will receive a lump sum payment of $480,500,936.
What happened to Jack Whittaker lottery winner?
Death. Whittaker died on June 27, 2020, following a long illness; no further details were given.
How much would you get if you won 500 million dollars?
You can receive a one-time, lump-sum cash payment now, or you can receive annuity payments over the next 30 years. The upfront cash payment would be approximately $176 million for Mega Millions and $112.9 million for Powerball.
What is the lump sum payout for 500 million?
Winners of the jackpot can either choose a giant lump sum payment of the cash or an annuity of 30 annual graduated payments, but all prize winnings are subject to federal and local taxes. After taxes, a single winner of the $500 million New Year’s Day jackpot would take home around $355.9 million in cash value.
Is Jack Whittaker still living?
June 27, 2020Jack Whittaker / Died
Is it better to take a lump sum or annuity lottery?
While an annuity may offer more financial security over a longer period of time, you can invest a lump sum, which could offer you more money down the road. Take the time to weigh your options, and choose the one that’s best for your financial situation.
Is it better to take a lump sum lottery payout?
Pros and Cons If You Win the Lottery
| Lottery Winnings: Lump Sum vs. Annuity | |
|---|---|
| Payment Type | Pros |
| Lump Sum Payment | – You can use the money right away and however you choose, such as investing it |
| Annuity | – Annuity payments typically end up being a larger amount than the lump sum – Some annuity payments may be taxed at a lower rate |
What is the tax on 500 million dollars?
The federal government and all but a few state governments will immediately have their hands out for a bit of your prize. The top federal tax rate is 37% for income over $500,000. The first thing that happens when you turn in that winning ticket is that the federal government takes 24% of the winnings off the top.
Who won the Powerball 2022?
David Ritchie / $1,000,000. David Richie, of Ooltewah, Tennessee, was nearly speechless when he arrived at the Tennessee Lottery’s headquarters in Nashville to claim his seven-figure Powerball prize won from the June 11, 2022, drawing. And who can blame him?
