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$550 Million Powerball lottery jackpot

703994_440988749297129_210454353_oTwo lucky ticket holders — one in Arizona and another in Missouri — are waking up Thursday to new lives as multimillionaires after the largest Powerball jackpot drawing ever. Powerball officials said two tickets matched all six numbers to win the record $587.5 million jackpot.

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The million-dollar questions have been answered. What are the Powerball numbers, and have any winning tickets been sold?

Lottery officials released the winning numbers for the largest multistate Powerball jackpot: 22, 10,13,14, 52, and the Powerball number is 11.

One winning ticket was sold at a Publix supermarket in Zephyrhills, Florida, according to David Bishop, deputy secretary of the Florida lottery.

Saturday’s jackpot is a record $590.5 million. It marks the largest in Powerball history, surpassing a $587.6 million jackpot split by winners in Arizona and Missouri in November.

The jackpot has a cash value of $376.9 million.

“I buy mine here all the time. Yesterday, I was in Naples. I bought it in Naples, That’s just my luck,” Butch Gonzalez, a regular lottery player, told CNN affiliate Bay News 9 outside the Publix in Zephyrhills.

“I just hope whoever won really needs the money, and I hope they do right by it,” he said.

The largest lottery jackpot in U.S. history was $656 million in the Mega Millions game in March 2012. That was split among three tickets sold in Illinois, Kansas and Maryland.

If there had been no winner in Saturday’s Powerball, the jackpot would have shot up to $925 million for Wednesday’s drawing, according to Kelly Cripe, spokeswoman for the Texas Lottery, which is part of the Powerball game.

Powerball is played in 43 states, the District of Columbia and the U.S. Virgin Islands. A single ticket costs $2, and the odds of winning the jackpot are 1 in 175,223,510.

Hate to break it to you, but you stand a better chance of walking onto the golf course and hitting two consecutive holes in one than winning the jackpot.

But that didn’t stop hundreds from driving to the Trex Mart in Dearborn, Missouri, where one of two winning tickets was sold in last year’s $587 million Powerball drawing.

About 100 people an hour were buying tickets at the store.

At a convenience store in Riverside, Missouri, Jim Mansell said he was buying only one ticket.

“I figure if the good Lord intends you to win, you only need one ticket,” he told CNN affiliate KCTV5. “But I don’t know if the good Lord believes in gambling or not.”

In Florida, winners must claim prizes at a state lottery retailer or lottery district office on or before the 180th day after the drawing. Any Powerball retailer in the state can validate a winning ticket.
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CaptureThe second Powerball ticket holder in last month’s record jackpot has come forward to claim winnings worth nearly $200 million before taxes, the Arizona Lottery said Friday.

The winner, who has not been identified, is in his 30s, is married and lives in Fountain Hills, northeast of Phoenix, said Karen Bach, director of budget, communications and products at the Arizona Lottery. He and his wife relocated about a year ago from Pennsylvania and had played Powerball in Arizona only twice.

The $587.6 million jackpot from the November 28 drawing had a cash option of $384.7 million before taxes. The Arizona winner has opted to take cash, $192.5 million, before taxes.

On the day of the draw, “he handed the clerk a $20 bill and he said, ‘I’d like 10 in Quick Pick Powerball tickets,’” she told reporters. “The retailer tried to encourage him to spend the entire 20 and he said, ‘No, $10 is all I want to spend.’ Clearly, that was enough.”

He left his ticket overnight on the sun visor in his vehicle and retrieved it the next day, when he and his wife checked the numbers against those posted on the lottery website, she said.

“They checked the numbers over and over again and were just absolutely shocked,” Bach said.

Since then, the couple has assembled a legal and financial team to guide them through the process and began meeting with them on Monday, going so far as to use a whiteboard to write down how they wanted to allocate their newfound assets, Bach said. Columns on the whiteboard included entries for financial, legal and “fun,” she said.

The couple opted to claim the prize before the end of the year “because of concerns over the fiscal cliff in 2013,” she said.

The winnings are to be awarded on about December 14, said Jeff Hatch-Miller, executive director of the Arizona Lottery. Hatch-Miller, who met Friday morning with the winner in a hotel suite in Scottsdale, said the winner likes what he does and has no immediate plans to change it.

“The winner said, ‘You know, I like my job; I’d like to continue working my job,’” Hatch-Miller said. He described the man’s work as “just a regular job, like yours or mine — it’s not a high-level job.”

The winner’s anonymity is not likely to last. A spokeswoman for the Arizona Lottery, Cindy Esquer, said it would release his name on Monday to news organizations that file Freedom of Information Act requests for it.

Two winners from Missouri claimed their half of the jackpot on November 30.

The prize is considered income by the IRS, meaning that the highest federal tax rate of 35% will apply. Each winner would therefore owe $67 million to the IRS, said Mark Luscombe, principal analyst at tax research firm CCH, in an interview last month.

State taxes will also apply.

In Arizona, a resident who has the winning ticket will be charged a 5% tax on the prize money. If a non-resident bought the winning ticket, a 6% rate will apply. The resulting tax bill will be either $10 million or $11 million, according to CCH.

Missouri charges residents and non-residents a 4% tax, making the tax liability there nearly $8 million.

Taking both state and federal taxes into consideration means the Arizona winner would owe up to $78 million in taxes and take home $114 million. The Missouri winner’s tax bill would total about $75 million, leaving a take of $117.5 million.

However, in either case, the amount paid in state taxes could likely be deducted on the winners’ federal tax returns, lowering the overall tax liability slightly.

A man and his wife from Missouri claimed their share of the massive Powerball lottery jackpot — more than $293 million.

Mark Hill is a 52-year-old mechanic. Cindy Hill is a former office manager who was laid off in June 2010. He and his wife live in Dearborn, Missouri.

They’re considering adopting a second child with their jackpot money.

They’re also planning to help other relatives, like paying for colleges.

The Hills will split the prize with whoever holds the other winning ticket, which was sold at a convenience store in suburban Phoenix.

No one has come forward yet with that ticket.

Two people beat the odds to win the Powerball jackpot.

The prize rose to $580-million just before the drawing.

The winning numbers drawn Wednesday night are:

5 -16-22-23-29 and the Powerball of 6.

The two winning tickets were sold in Arizona and Missouri.

The winners will share an estimated $385-million if they take the lump sum.

One local attorney says he has represented five lottery winners, who lost it all.

Two tickets in Illinois matched five numbers. Each player wins $1 million.

The previous top Powerball prize of $365 million was won in 2006 by ConAgra slaughterhouse workers in Nebraska.

A $656 million Mega Millions jackpot set a world lottery record in March. That prize was split three ways. One of the winning tickets was held by Merle and Patricia Butler of Red Bud in southern Illinois. The retired couple took home nearly $119 million.

A record Powerball jackpot has ticket sales soaring.

The jackpot is now at $500-million, and it’s expected to be even bigger by tonight’s drawing.

It is the largest Powerball jackpot ever; second-highest for the lottery overall.

Powerball officials expect to sell more than 105,000 tickets every minute before the drawing.

The winner could claim a one-time cash prize of $327-million before taxes.

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