Record-BreakingLargest EverLegal Dispute

$2.04 Billion Powerball Jackpot

November 7, 2022 — California

Edwin Castro of Altadena, California purchased the single winning ticket at Joe's Service Center in Altadena. The jackpot had rolled 40 consecutive drawings before being hit, growing to the largest lottery prize in world history. Castro chose the lump sum cash option of $997.6 million. Despite legal challenges from an individual claiming the ticket was stolen, a Los Angeles Superior Court judge ruled in Castro's favor. He has since purchased multiple luxury properties in the Hollywood Hills and Bel Air areas.

What Happened Next

Payout choice: The winner chose the lump sum cash option of $997.6 Million, which after federal taxes (37% top bracket) and applicable state taxes results in a significantly reduced — but still life-changing — take-home amount.

Source: https://www.calottery.com/press-releases/california-lottery-announces-winner-of-record-breaking-2-billion-powerball-jackpot

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