Powerball Jackpot Vaults Past A Billion Dollars—Here’s What The Winner Could Take Home After Taxes

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If a winner emerges in the next draw, they will have a choice between receiving the $1.09 billion amount split across 30 annual payments or a lump sum cash award of $527.3 million—usually the popular choice.
If the cash reward is chosen, the prize amount will drop to $400.75 million after a mandatory federal tax withholding of 24% is applied.

Difference between cash award of 527 million and
cash reward? 127 million??
 

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$1.3 billion Powerball jackpot ticket sold in Portland.​

SALEM Ore. (KPTV) - A Powerball ticket worth $1.326 billion was sold in Portland, according to Oregon Lottery.
This is the fourth largest Powerball jackpot in the game’s history. The winning ticket was bought on Saturday in the 97218 zip code area.
“I want to congratulate the winner on this life changing moment. No one in Oregon has ever won a prize on this scale, and it’s a very exciting for our staff and players,” said Oregon Lottery Director Mike Wells. “Even if you aren’t holding the winning ticket, all of our players support programs and services statewide that receive Lottery dollars.”
The winner has a year to come forward and claim their prize. Per state law, players in Oregon, with few exceptions, cannot remain anonymous.
The largest Powerball prize previously won in Oregon was a $340 million jackpot in 2005. The last time a Powerball jackpot was won in the state was in 2018 by a Salem man, winning $150.4 million.
 

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