May 27, 2024

The Powerball jackpot estimate rises to the third highest payout. What can the winner buy?

The valuation for the most expensive house in Los Angeles at Sotheby’s International Realty — a 10-bedroom, 8,484 sq. ft. Southern-style mansion located on 1.2 acres of Beverly Hills real estate – $45 million, as of Monday afternoon.

A trip to space can cost anywhere from $450,000 is a Virgin Galactic to $28 million, the price of the first ticket beyond the world with Blue Origin in 2021.

A share of the league’s elite basketball team can run anywhere from $6 million to more than $50 millionand a 2002 Benetti Classic fiberglass 115-foot yacht Felicita docked in Marina Del Rey a total of just under $5 million.

All of these are expensive but easily affordable endeavors for Monday’s Powerball jackpot winner, estimated at $900 millionthe third highest payout in the game’s history played in 45 states. If no one succeeds, the payout is likely to rise to around $1 billion.

The numbers will be announced at 7:59pm from Florida. Tickets must be purchased by 7 pm

Players must line up five white ball numbers and the red Powerball to win the big prize.

Winners have the option of taking a $465.1 million lump sum payment, Powerball officials estimate, or a 30-year annuity of about $900 million.

California winners pay no state or local taxes, only 24% of the results withheld for federal taxes.

Californians featured prominently in the two biggest wins in Powerball history.

Edwin Castro claimed the largest Powerball prize in history when the November ticket won a prize of $2.04 billion.

Joseph Chahayed, owner of the Altadena gas station, Joe’s Service Center, who sold him the ticket, also received a $1 million prize.

Castro bought a $25.5 million Hollywood Hills home in March, a month after claiming his $997.6 million lump sum. He followed that up by buying a Altadena Mansion $4 million later in the same month.

Before Castro won, Eastvale residents Marvin and Mae Acosta were part of a jackpot win in 2016. The couple, along with two additional winners from Tennessee and Florida, shared in a $1.6 billion jackpot.

The Acostas claimed their $327.8 million pre-tax lump sum option.

Also the winning ticket netted Balbir Atwalowner of the Chino Hills 7-Eleven franchise where the ticket was sold, $1 million.

The Acostas kept a low profile after their victory.

The odds of winning the jackpot are estimated at 1 in 292 million, according to Powerball officials.

There are other prizes besides the Jackpot from $1 million for the five white numbers minus the Powerball number to $50,000 for a combination of numbers.

Powerball tickets cost $2 each.

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