On January 6th 2021, a single ticket holder from the state of Tennessee won $731,000,000 Powerball jackpot. According to the Tennessee Lottery, the ticket was sold in the city of Antioch, a neighborhood of Nashville.
The total prize amount was the largest in Powerball history, and the fourth-largest lottery jackpot in U. S. history. The lucky winner chose the lump sum payment which was approximately $546. 8 million after taxes, making the winner the 5th-largest lottery winner of all time in the United States.
Despite the Powerball winner living in Tennessee, their identity remains unknown. The official Powerball website states that all lottery winners have the option to remain anonymous and most winners choose to protect their privacy.
Has the Powerball lottery been won?
Yes, the Powerball lottery has been won multiple times in the past. Since its inception in 1992, the Powerball lottery has seen a total of 852 jackpots won. The current estimated jackpot for tonight’s draw is a staggering $120 million.
To date, the largest Powerball jackpot ever won was a staggering $1. 586 billion in January 2016, which was split equally between three winners. Whoever wins the current jackpot tonight will join this prestigious group of Powerball lottery winners.
Can Powerball winners remain anonymous in Tennessee?
Yes, Powerball winners in Tennessee can remain anonymous. The Tennessee Lottery Act of January 2020 states that any winner of a state-sponsored lottery prize may remain anonymous by claiming the prize through a specific trust or other legal entity, provided that the trust or other legal entity is responsible for reporting the income and filing a claim if required by the Tennessee Department of Revenue.
According to the Tennessee Lottery, winners can file a claim by contacting the Lottery Claims office. Additionally, each winner has a right to opt out of the public disclosure process by filing a request to remain anonymous with the Tennessee Lottery.
Where was Tennessee Cash won last night?
Last night, the Tennessee Cash drawing was held in Nashville and the lucky winner was from Johnson City. The ticket was sold at the Family Market on North Roan Street and matched all five numbers — 3, 11, 25, 38, and 41 — to win the jackpot prize of $440,000.
The lucky winner chose the cash option and will receive the full amount, before taxes.
Who won the $700 million Powerball?
The most recent $700 million Powerball jackpot was won on August 23, 2017. The single winning ticket was sold in Chicopee, Massachusetts and belonged to Mavis Wanczyk, a 53-year-old mother of two from Granby.
Wanczyk chose the cash option for her prize, which equated to a one-time lump sum payment of $480. 5 million; the largest single-ticket payout in U. S. lottery history. She stated that she plans to use the money to retire early and take care of her family.
Did the 120 million Powerball get won?
Yes, on January 13th, 2021, the $120 million Powerball was won by one lucky ticket holder. The winning ticket was sold in Arkansas, and the winner has yet to come forward to claim the prize. The ticket matched the five white balls (1, 3, 8, 28, 55) plus the Powerball (5) to win the prize.
The estimated cash value of the prize is $81. 7 million. The Powerball prize is the second-largest to be won in Arkansas history. This was the first time in eight months that the Powerball jackpot was won.
Where in Tennessee was the Powerball winner?
The winning ticket for the $420. 9 million Powerball jackpot in the December 26, 2020 drawing was sold at the Naifeh’s Food Town in Ripley in Lauderdale County, Tennessee. It was the state’s first-ever Powerball jackpot win.
The store’s owner, Jeff Long, said the person who purchased the winning ticket came in often, but he doesn’t know who it is. As of January 2, 2021, the winner has yet to come forward and claim their prize.
Can the IRS take your lottery winnings?
Yes, the IRS can take your lottery winnings. All lottery winnings, regardless of the amount, are considered to be taxable income for federal tax purposes. This means that lottery winnings are subject to federal income tax and must be reported on your income taxes.
In addition, depending on the state in which you live, you may also be subject to state or local taxes on your winnings. In order to avoid an IRS seizure of your winnings, it is important to pay the taxes due in a timely manner.
Furthermore, if you fail to pay your taxes, the IRS has the authority to place a lien against your assets, including your lottery winnings, to ensure the payment of your taxes.
What are the odds of winning Tennessee cash?
The odds of winning Tennessee Cash, a Tennessee Lottery game, depend on the number of entries in the game. Each ticket costs $2, and if you match all five numbers drawn you will win the top prize. Depending on the number of entries in a game, the odds of winning the top prize may vary.
Typically, the overall odds of winning any prize are 1 in 4. 63.
In order to better understand the odds of winning in Tennessee Cash, it is helpful to look at some of the other games offered by the state lottery. For example, immediate win games such as POWERBALL and Mega Millions have odds that range from 1 in 25 to 1 in 302,575,350.
Scratch-off games vary in odds from game to game, typically from 1 in 4 to 1 in 2 million.
Overall, the odds of winning Tennessee Cash are based mainly on the number of entries in the game. Depending on the game and its associated prizes, the odds may vary significantly. However, the overall odds of winning any prize in the game are usually around 1 in 4.
What numbers are picked most often in Powerball?
The Powerball lottery is a game in which players select five numbers from a set of 69 white balls and one number (the Powerball) from a set of 26 red balls. The most commonly drawn numbers in Powerball are 20, 6, 29, 37, 2 and 11.
These numbers have been drawn a combined total of 85 times since the game started in 1992. Other commonly drawn numbers include 25, 21, 40, 22, 32 and 42, all of which have been drawn a combined total of 74 times.
In total, there are numbers drawn at least once (or twice in some cases) in almost three-fourths of the draws, indicating that certain numbers may have a higher probability of being drawn than others.
How rare is winning the Powerball?
Winning the Powerball lottery is incredibly rare. The odds of winning the Powerball are 1 in 292,201,338. This means that you have a better chance of winning the lottery than you do of becoming a billionaire, which is estimated to be 1 in 850,000.
In addition, the odds of winning the jackpot in each drawing of the Powerball are even lower, at 1 in 25,090,013. As if this weren’t challenging enough, the chances of winning the Powerball jackpot twice are almost nonexistent at 1 in 9,223,372,036,854,775,808.
With odds like this, it’s no wonder that a Powerball win is so rare.
Has anyone in Tennessee ever won the Mega Millions?
Yes, in January 2021, Janie Sims of Knoxville, Tennessee, won the Mega Millions lottery. She won the $ 2021 million Mega Millions jackpot after buying a ticket for the game’s January 15th drawing. Sims opted for the one-time lump sum payment of $1.
175 billion before taxes. Prior to Sims, the last resident of Tennessee to win the Mega Millions was Roy Cockrum in 2014, who won $259. 7 million, according to the Tennessee Lottery.