On Christmas Eve, the second-largest lottery jackpot in US history was won. Arkansas is where the lucky Powerball ticket was sold.
Five days later, a lot of people are still unsure of the recipient of the financial windfall that would change generations. The public will have to wait a little while longer, according to Arkansas Scholarship Lottery officials.
The Powerball jackpot has only been won in the Razorback State twice, the first time occurring in 2010, as of the drawing on December 24. The winner has not yet stepped forward to claim the $1.817 billion jackpot, according to officials with the state-run lottery, which funds college scholarships through the Arkansas Department of Higher Education.
The winner may choose to receive a one-time cash payment of $834.9 million or the entire $1.817 billion payoff in 29 annual payments that rise by 5% annually. Both sums are prior to state and federal taxes.
On December 24, the numbers 4, 25, 31, 52, and 59 were drawn as white balls. The Power Play was 2X, and the red Powerball was 19. There is a one in more than 292.2 million chance that a ticket will match all six numbers.
In the past, the majority of Powerball and Mega Millions jackpot winners have opted for the one-time cash option.
The federal government's take of $834.9 million for the Arkansas winner would be cut by 37%, to about $525 million. The compensation would then be further reduced by the state's cut of 3.9%, resulting in a net award of roughly $493.5 million.
By 2055, the winner would get almost $1.075 billion after federal and state taxes if they choose to accept the entire annuitized prize of $1.817 billion.
Arkansas lottery rules permits winners of more than $500K to conceal their identities from the public for three years, while the Powerball winner has 180 days from the December 24 drawing date to come forward and redeem the reward. The purpose of the three-year grace period is to give significant lottery winners time to handle their unexpected fortune.
Lottery winners of all prize levels are permitted to stay anonymous permanently in Delaware, Kansas, Maryland, Mississippi, Missouri, Montana, New Jersey, North Dakota, South Carolina, and Wyoming.However, in order to boost public trust in lottery operations, the majority of states mandate that lottery winners be included in the public record.
The winning ticket for Christmas Eve was sold in Cabot at the Murphy USA convenience store and petrol station close to the Walmart Supercenter, according to Powerball officials.
About 28,000 individuals live in Cabot, a suburban city about 20 miles northeast of Little Rock. Cabot is renowned for its small-town charm and is home to well regarded schools. Cabot is one of the wealthiest communities in Arkansas, with a median household income of about $73K.
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