Powerball ticket worth $115,000 sold in California
As the nation awaits the winner of the Powerball lottery jackpot winner, a ticket worth about $115,000 was sold in California.
According to the California Lottery’s website on Wednesday night, the aforementioned ticket – worth $115,508 – was purchased by a lotto player within the state.
This comes as a drawing for the then-jackpot of $238 million was held on Wednesday, June 10. The following were the winning numbers for the June 10 drawing, which apparently no one got all six numbers:
12, 31, 38, 60, 66. PB: 14
The drawing for the upcoming $258 million jackpot will be held on Monday, June 15 at 8 p.m. PT.
HOW MUCH DO YOU WIN AFTER TAXES?
There are 258 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 Mega Millions’ website, those electing to take the annuity option get one immediate payment followed by 29 annual payments. Powerball follows an identical process for paying out its jackpot winners.
RELATED: Powerball payout calculator: How much would you get after taxes if you won?
The Source: This report used information provided by the California Lottery. The article also referenced previous FOX 11 reports.
This content is sourced from www.foxla.com and is shared for informational purposes only.
