Anonymous Powerball winner sitting on unclaimed $1m ticket – and the slip was bought at a grocery store
A $1 million prize is still up for grabs, so POWERBALL players have been advised to check their tickets again.
The winning slip was purchased by one player at a Harris Teeter supermarket in Ashburn, Virginia, around thirty miles from Washington, D.C., according to officials.
The Powerball ticket was purchased before to the draw on Monday night.
Additionally, the gambler narrowly missed winning the $184 million jackpot by one number.
They are eligible to receive $1 million since they matched the first five numbers in the draw.
However, the victor will have to forfeit thousands of dollars before they can get their prize.
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If a gambler wins more than $5,000, they are required to pay the federal government a 24% tax.
Then, Virginia state officials withhold 4%.
Before picking up their prize, Virginia officials have asked the ticket holder to sign the reverse of the slip.
They have around 180 days to come forward, so the clock has begun to tick.
While some jurisdictions have a strict limit of up to 90 days, others allow participants up to a year to claim their reward.
Additionally, the ticket’s seller, Harris Teeter, will benefit from a $10,000 incentive.
There is a one in 11.6 million chance of matching five Powerball numbers.
To win the jackpot, however, players have to beat the odds of one in 292.2 million.
The next draw is scheduled for today, and the anticipated prize is $196 million.
It is estimated to be worth $90.7 million in cash.
Lottery winnings: lump sum or annuity?
When lottery players win large sums of money, they usually have to decide between an annuity and a lump payment.
The amount of money you receive from your reward may vary depending on the two payout options.
Annuities typically pay out over a 30-year period in gradual increments.
Because taxes are withheld all at once, lump sum payments are made all at once but in smaller amounts. In other words, Uncle Sam immediately receives 24 percent of your award. Winnings are also taxed in many states.
While lump amounts have the advantage of just being taxed once, annuities can provide winners time to build up the financial infrastructure needed to receive a life-altering quantity of money.
When choosing, it’s also important to take inflation into account because distributions don’t change in value with the dollar. This implies that when an annuity comes to a conclusion, you will probably receive less valuable money.
It’s best to confirm payment terms with your state lottery as each state and game has distinct prize payout policies. You can evaluate the advantages and disadvantages of each choice with the assistance of a financial expert.
There are differing views among experts over whether to take an annuity or a lump sum.
When it comes to collecting their money, jackpot winners have a decision to choose.
They have the option of receiving their award in installments or all at once, which is referred to as the lump amount.
The U.S. Sun previously reported that financial advisors advised gamblers to reconsider taking the big payment.
Players who accept the lump sum are under pressure to make their winnings endure, Robert Pagliarini cautioned.
“The real advantage of [taking] the annuity is that every year you get a new check,” he stated.
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“You can screw up year after year and make bad decisions.”
Do not forget to gamble sensibly.An individual who gambles responsibly is one who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn t gamble if they re upset, angry, or depressed
Visit the National Council on Problem Gambling online or give the National Gambling Helpline a call at 1-800-522-4700 if you or someone you know is battling with a gambling addiction.
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