Billion Dollar Club

$1.08 Billion Powerball Jackpot

July 19, 2023 — California

The winning ticket was sold at Las Palmitas Mini Market in downtown Los Angeles. Yanira Alvarez came forward to claim the prize, becoming California's second billion-dollar lottery winner. The small bodega that sold the winning ticket received a $1 million bonus from the California Lottery. This was the fifth-largest Powerball jackpot in history at the time of the drawing.

What Happened Next

Payout choice: The winner chose the lump sum cash option of $558.1 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

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