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The US Powerball made international headlines with its $687.8 million jackpot of October 27^th, 2018. The prize ranks no.3 on the largest Powerball jackpots list. There were two winning tickets for the big prize. One of them was from Iowa and the other from New York. Now, the first of the two jackpot winners has come forward and her story is absolutely amazing!

Introducing Lerynne West, Jackpot Winner

Lerynne West from Redfield, Iowa is 51 years old. She is the proud mother of three and the grandmother of six. Like many of us, she often thought about what it might be like to be a lottery winner. “My girls and I use to dream of winning the lottery. Never thought we would be here today“, she said during a press conference.

Luck Was on Lerynne’s Side

Lerynne bought her ticket on a whim. She had just bought a home in Redfield and after a day of packing, she went to Casey’s General Store to get something to eat. That’s when she got her lottery ticket for the big Powerball draw.

Since she doesn’t play on a regular basis, Lerynne forgot to check her numbers after the draw. A few days later, a friend of hers who heard that one of the jackpot-winning tickets was purchased in Redfield called her to ask if she had won.

That’s when Lerynne realized that her ticket was not in her bag, as she thought. The ticket fell on the floor of her sister’s car. Luckily for her, it was still there when she found out that she had matched all the winning numbers for the big pot.

Claiming Her Half of the Powerball Jackpot

After the news about the jackpot win sunk in, Lerynne went on to claim her prize. She opted for the lump sum payout for her half of the Powerball jackpot. This was worth $198.1 million. “I plan to make thoughtful and responsible decisions on giving to my friends and my family.”, said Mrs. West. She intends to set up college funds for all of her grandsons.

Plans for the Future

She is taking her lottery win very seriously. “I know the responsibility that I have is to do good with this money.” She is now setting up the Callum Foundation to honor one of her grandsons who was born prematurely and passed away. The foundation is meant to help other families dealing with this.

During the press conference, she said that she thought a lot about opening a foundation like this when daydreaming about winning the lottery. Now that it actually happened, “it’s a whole new ballgame”.

Another plan that she has for her Powerball fortune is to buy a big car “to take all my grandchildren places”. It’s a new beginning for Lerynne and for the entire West family. Congratulations to the Iowa winner!

If you’re also daydreaming about winning the lottery one day, then put in your Powerball tickets online! Who knows, you could be the next big winner if you take a chance! Every story begins with buying a ticket!

The Powerball draw of Saturday, October 27^th, 2018 marked another benchmark for this American lottery. Two ticket holders nabbed the $687.8 million jackpot, the third largest ever in the Powerball history. One of them is from Iowa, the other from New York.

As the Mega Millions frenzy was settling down, it was Powerball’s turn to make lottery fans from all over the world dream about becoming millionaires. With an estimated jackpot of $750 million, the draw of Saturday, October 27^th, 2018 was certainly a not-to-miss one. Out of 86,413,920 participating tickets, two matched all the winning numbers of the draw: 8, 12, 13, 19, 27, and Powerball 4. They will share the jackpot of the draw worth $687.8 million after final calculations.

Why Did the Jackpot Amount Shrink?

Although estimated at $750 million, the Powerball jackpot had a final value of $687 million. The reason is simple: ticket sales did not raise to the estimated amount. Estimated values are based on historical patterns. As the jackpot grows, more and more people buy tickets. But, this time, people did not behave according to the pattern. As you can understand from the table below, the $750 million jackpot attracted less attention than the previous 2 ones worth $620, respectively $430 million.

Draw Date	Estimated Jackpot	Tickets Sold
October 20	$430M	90,674,762
October 24	$620M	119,849,014
October 27	$750M	86,413,920

How Much Will the Winners Cash?

As there were two winning tickets, the jackpot amount will be equally split between the two ticket holders. Depending on the way they decide to cash their win, they will get the following amounts:

State	Annuity (30 years)	Lump Sum
Iowa	$16,2 million	$281,3 million
New York	$15,4 million	$266,1 million

Why are the amounts different if the jackpot is split equally? It’s simple: because different states have different taxes on lottery wins. The cash value of the $687.8 million Powerball jackpot is $396,2 million. So, in the case of a lump sum, the cash value after deducting the federal tax of 24% stands at $301,1 million. If the winners decide to go for annual payments, the gross amount to be cashed every year is $22,9 million. This means $17,4 million per year after federal taxes.

The state of Iowa has a 5% tax on lottery winnings, while New York 8.82%. This is where the difference comes from.

What Now?

Now the jackpot has been reset and the wheels were set into motion again. Even if you are not one of the two jackpot winners, it is never too late! Buy your Powerball ticket now! You could be the next jackpot winner!

Powerball is one of the most popular lotteries in the world, with one of the largest jackpots, and there’s good reason for that. Yesterday, the famous lottery posted its third highest jackpot ever. An eye-popping $620 Million jackpot prize is now up for grabs!

This jackpot has a place in Powerball history. The highest jackpots on record are $1.58 billion in January 2016 and $758.7 million in August 2017. An enormous $590.5 million was won in May 2013, but this incredible $620 million has easily surpassed that amount to take the number 3 spot.

The Last Winner’s $245 Million Prize

The last jackpot win happened on August 12th, when a lucky player from New York won a massive $245 million prize. Nandlall Mangal, a construction worker from Staten Island, bought a $6 Quick Pick ticket and successfully matched all 5 main numbers and the Powerball. After keeping the win a secret for several weeks, he finally came forward in the end of September to claim his prize. He opted to take home a lump sum payout of nearly $100 million.

Since then, no ticket holder has been able to match all six crucial number. Like many other lotteries, Powerball has no jackpot cap, so it keeps rolling over until someone wins. So far, the jackpot has rolled over 21 times! Will 22 be the magic number that ends the no-winning streak?

Powerball Attracts Players Worldwide

Because of its history of huge jackpot prizes in the hundreds of millions of dollars, Powerball attracts players from all over the world. Few want to miss out on such a life-changing event, and buying official lottery tickets online offers people the opportunity for a once-in-a-lifetime prize.

The $245 million Powerball jackpot winner has yet to come forward to claim his/her prize.

On August 12th, 2018, a single ticket matched the jackpot numbers for the US Powerball. The Powerball winner’s ticket was sold in Staten Island, New York, at the Stop and Shop on Hylan Boulevard in New Dorp Beach. As soon as the ticket holder comes forward, they’ll receive an oversized check showing a massive $245 million! Not a bad return on a $2 payment.

Since no one has yet claimed the jackpot prize, we can only speculate on what their payout might be. If the winner chooses to take a lump sum payment, he/she will likely receive approximately $147,844,000, after 25% US Federal tax withholding. If the winner chooses the annuity option, they’ll receive a large first payment, with the remaining funds paid out over the next 29 years.

$245 Million Powerball Jackpot Winner – Who Will Be Next?

The latest US Powerball winning numbers from the August 16^th draw earlier this week were:

12           15           28          47          48

The Powerball number was 16.

No single ticket winner has claimed this newest prize from August 16^th, but there were 3 secondary prize winners from Texas, Washington, and Wisconsin. This means that the $40 million jackpot will rollover until someone matches all 5 main numbers and the red Powerball.

Who will be the next Powerball winner? It could be YOU!

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