Wager Mage
Photo: August de Richelieu
The winners — John and Lisa Robinson in Tennessee, Maureen Smith and David Kaltschmidt in Florida, and Marvin and Mae Acosta in California — split the full prize, giving them the option of roughly $533 million before taxes as an annuity or $327.8 million as the lump-sum payment.
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Read More »Joes Service Center, a Mobil gas station at Woodbury Road and Fair Oaks Avenue in Altadena that sold the $2.04 billion-winning Powerball ticket on Tuesday, Nov. 8, 2022. The $2.04 billion Powerball jackpot finally found a winner on Tuesday morning, after technical difficulties delayed the drawing that had been scheduled to take place on Monday. The massive prize marked the fifth time in the past five years that a lottery jackpot has crossed the billion-dollar threshold — and this one was a world record. The prize had been growing for more than three months. The odds of winning it were roughly one in 292.2 million, according to Powerball. Lottery winners choose between receiving their winnings in an annuity — with payments over 30 years — or the more popular option, a single lump sum payment in a smaller amount. (That's the option "Shark Tank" star Kevin O'Leary says you should choose.) The pretax lump sum payment for Tuesday's winner would be $997.6 million. The previous Powerball jackpot winner came from the $206.9 million August 3 drawing — not a bad haul, but it now pales in comparison to a prize that topped the previous record U.S. jackpot set in January 2016. That one was also a Powerball drawing that reached $1.586 billion and was split between three winning tickets. Here's a look at the top lottery prizes ever won so far.
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Read More »This Powerball drawing from Jan. 13, 2016, for which three winning tickets were sold, held the record as history's biggest lottery prize for more than six years, until this week's Powerball drawing dropped it down a spot. The winners — John and Lisa Robinson in Tennessee, Maureen Smith and David Kaltschmidt in Florida, and Marvin and Mae Acosta in California — split the full prize, giving them the option of roughly $533 million before taxes as an annuity or $327.8 million as the lump-sum payment. The Robinsons' winning ticket was one of four they bought at a grocery store, they told NBC's TODAY show. They opted to take the lump sum. "We're not guaranteed tomorrow," says John. Florida-based Smith and Kaltschmidt also picked the lump sum. At the time they planned to get massages, upgrade their truck and retire with the newfound wealth, according to NBC. The Acostas remained anonymous for months after winning but released a statement saying they were thankful for the "rare gift that has been placed in our care."
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