Feeling lucky? As the nation awaits the $171 million Powerball lottery winner, someone in California may be $987,000 richer.
According to California Lottery 's website late Wednesday night, a ticket worth $987,439 was sold at the Buddies Market in San Francisco.The news comes as Powerball held a drawing for the then-top prize of $154 million.Below were the winning numbers for July 31, which apparently no one got:23, 34, 37, 50, 58. PB: 7The drawing for the $171 million jackpot will be held on Saturday, August 3.There are 171 million reasons to dream, especially what you would do with the jackpot money.
However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed.So how much do you really get after taxes?It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?According to Powerball's website, those electing to take the annuity option get one immediate payment followed by 29 annual payments.
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