Largest ever lottery winner

Since his historic win, news reports show he has splurged, buying two multimillion-dollar homes in his home state of California, and a vintage ride that's sure largest ever lottery winner turn heads. Though he declined to appear publicly when he claimed the grand prize two months after the drawing, he complimented California public schools "as the real winner" and said in a written statement he was shocked and ecstatic. In California, lottery winners' identities are public record. Here are some things to know about Castro and that record-breaking, life-changing lottery win.

This is a list of the largest jackpots, or prizes, awarded in various lotteries. However, the net for a major prize often is misleading; winners often owe the IRS upon filing a return because the Federal withholding was below the winner's tax obligations. Nonresident U. While the largest lottery prizes in the early history of U. All prizes listed below are reported as the pre-withholdings amount, as this is taxable income the player must report on their returns to be subject to taxation.

Largest ever lottery winner

Castro declined an invitation to appear at a news conference held on Tuesday by lottery officials in California. But the names of California lottery winners must become public by law, so officials published his name while reading a statement on his behalf, in an event that was recorded on video posted online. His winnings are subject to federal taxes, which reduce the payout by more than a third. However, California is one of eight states that do not tax Powerball winnings. Players must match all five white balls and one red Powerball to win the jackpot. The odds of doing so are one in m. Given the steep odds, it is not unusual for the prize to go un-won until a growing jackpot attracts more players to cover more possible number combinations. There had been 40 Powerball drawings without a winner before Castro won. His winning numbers were 10, 33, 41, 47 and 56 and the Powerball was The sheer size of the prize set off a rush across the US as people in states that do not offer the Powerball lottery crossed into ones that do in order to try their luck. This article is more than 1 year old. Explore more on these topics California news. Reuse this content. Most viewed.

His winnings are subject to federal taxes, which reduce the payout by more than a third.

But believe it or not, the latest jackpot is not even the largest one the Powerball has ever seen. If you're dreaming of the billion, there's still time to play: The next Powerball drawing is Wednesday, Oct. Drawings are every Monday, Wednesday and Saturday. First time playing the Powerball? Here's exactly how to ask the cashier for a ticket.

The winner is Edwin Castro, but if you're looking for more information about the winner, you're going to face some long odds thanks to California's laws. According to the California Lottery , the lottery is subject to public disclosure laws, meaning the winner's name and other relevant information is publicly revealed. This is what gets revealed, in accordance with state laws:. At a news conference Tuesday, lottery officials said Castro declined an invitation to appear publicly. Although Castro declined to speak with reporters, he sent a written statement to officials saying he was "shocked and ecstatic" to have won. Castro added he was glad California public schools benefit from the lottery because he identified as "being educated in the California public education system. State officials have Castro's winning ticket and said they're considering putting it on display at the lottery's headquarters.

Largest ever lottery winner

It is the 10th time in U. Read on for more information. Who holds the record for winning the biggest jackpot in U. That would be Edwin Castro. Castro won the lottery with these winning numbers : and the Powerball was Here's a chronological list of the billion-dollar jackpots:. March 26, ? Next chance to play is 11 p.

Forever iks server

South Korea. However, that didn't stop Edwin Castro from being sued by a man who claimed the winning lottery ticket was actually stolen. List of lottery jackpot records. Hide Caption. December 9, Diario Sur in English. March 19, It's not clear which lottery was affected. Won by a police officer in Chuncheon ; [] South Korea's largest prize. Olongapo bettor wins P CBS Boston.

Castro declined an invitation to appear at a news conference held on Tuesday by lottery officials in California.

December 18, Retrieved October 15, December 9, Jackpots and jackpot shares listed below are annuity amounts and the cash value. CNN Business. Consider subscribing to a Florida newspaper. In addition to his luxury splurges, Castro has a round-the-clock security team. Retrieved November 9, Won by a nurse [ citation needed ] ; largest single jackpot win of Germany is 45m. AZ , MO. Drawings are every Monday, Wednesday and Saturday. Explore more on these topics California news. Diario Sur in English. California Lottery officials backed Castro and its vetting process.