Unclaimed lottery winner just misses out on $127 million jackpot – has to settle for 0.04% of the prize money instead
After missing the winning numbers by a tiny margin, a POWERBALL Lottery player had to settle for 0.04% of a $127 million prize.
Nevertheless, the lottery player who matched all but one number in the drawing on November 23 won a cool $50,000 for his lucky bet.
About 75 miles northwest of Charlotte, in Morganton, North Carolina, the player who wished to remain anonymous bought his hot ticket at the Antioch Food Market.
The player barely missed the mark on the Powerball red ball, but matched all four white balls.
The person won $50,000 thanks to his numbers of 12-13-34-44-67 white balls and an 8 red ball.
He was just one number away from winning the $127 million jackpot, though.
Read more in The U.S. Sun
Until a winner is found, the Powerball Lottery jackpot will keep increasing.
The estimated amount of the prize as of Monday is $184 million.
There hasn’t been a lottery jackpot winner in six months.
Players must match the red Powerball and all five white balls to win the Powerball prize.
Drawings are webcast on the Powerball Lottery website and are broadcast on Saturdays, Mondays, and Wednesdays at 10:59 p.m. EST.
$150,000 UNCLAIMED PRIZE
Meanwhile, lottery authorities in Pennsylvania raise the alarm about a $150,000 unclaimed win.
I won lottery prize but Tesco refused to hand over cash due to ridiculous policy and now I m banned from store
Before the draw on December 11, 2023, the golden ticket was bought in a Weis Markets store in Montgomery Borough, which is roughly 170 miles from Philadelphia.
The deadline for picking up the reward is December 11, 2024.
Four numbers and the Powerball number were matched by the unidentified ticket holder.
They spent an additional dollar on the Power Play, but the winner would have received $50,000.
Because the Power Play multiplier was three, the move tripled their winnings to $150,000.
The ticket holder has been advised by lottery officials to turn in their claim form prior to the deadline.
To confirm that they are the legitimate owner of the ticket, the prospective winner is encouraged to sign the back of the slip.
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.
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