A lottery ticket worth nearly $2 million was sold in California, bringing excitement as the nation now anticipates the winner of the $1.1 billion Powerball jackpot. The winning numbers for the drawing on Saturday, December 13, were 1, 28, 31, 57, and 58, with the Powerball number being 16. Despite the lack of a grand prize winner, a ticket purchased at Lichine’s Liquor and Deli, located on South Land Park Drive in Sacramento, won a significant prize of $1,975,554.
As the jackpot swells to an impressive $1.1 billion for the next drawing scheduled for Monday, December 15, at 8 p.m. PT, the excitement continues to build among hopeful players.
For those pondering the financial windfall, it’s important to consider how the substantial prize may be affected by taxes. Tax implications can vary significantly, depending on the winner’s state tax obligations and whether they choose a lump sum or annuity payment option. Winners under the annuity plan typically receive one immediate payment, followed by 29 additional payments over the next 29 years, a structure mirrored by the Powerball payout process.
This recent lottery excitement serves as a reminder of the impact such large jackpots can have, fueling dreams and aspirations around the country.