Iowa Powerball win $1.6 billion Largest Prize Ever in lottery!
The Powerball jackpot has ballooned to a win $1.6 billion, and many Americans will be anxiously checking their tickets after Saturday night’s Powerball drawing.
The total amount for a winner who takes the cash options would be approximately $782.4 million — making it the largest lottery prize in history, as FOX Business has previously reported.
One Iowa Powerball winner knows what it’s like to win millions — and understands firsthand what does change in your life in the days, months and years after the win and what doesn’t change.
Iowa Powerball win $1.6 billion Largest Prize Ever in lottery!
He added, “There are some very wealthy people in the world who are extremely unhappy. Money can be positive, but it doesn’t necessarily fix all problems.”
After he won the lottery, Schultz said that for him, “it was much more difficult to trust people.”
He continued, “Most people were supportive and happy for me, but I did receive stacks of letters from people asking for money.”
He also said, “It was difficult to trust new people — that they didn’t want me for the wrong reasons. It felt like some people viewed me as a walking, talking ATM machine.”
Explaining that he did “quite a bit” to help others, Schultz said he also understood that he needed to “live within a means.”
5 Things To Know Saturday’s Powerball Drawing
1.He said, “Thankfully, most people wanted me for the right reasons, but there was a learning curve in how to deal with that sort of thing.”
2.He told That “Money can’t fix everything,” he emphasized.
3.”People often consider the odds of winning the lottery, but what about the odds of even being alive in the first place?”
4.He additionally waxed philosophical about the frequently arbitrary nature of life.
5.”It’s astounding,” he proceeded. “You have a superior possibility scoring that sweepstakes multiple times over than of being conceived.”
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Schultz said there are many factors involved in how the lottery changes lives, such as where people live, how much they win and “who you are as a person.”
Today, Schultz has a popular YouTube channel.
He interviews other lottery winners who have suddenly become flush with cash.
“Every lottery winner is different, but I have noticed some common themes,” he told FOX Business.
Namely, he said, “winning the lottery can magnify personalities.”
“For example, if you are into the church, you may decide to build one,” he explained.
“If you’re into movies, you may decide to produce a film. If you enjoy fishing, that may become a full-time hobby.”
He added, “People often become larger versions of themselves.”
The new Powerball jackpot tops the previous record prize of $1.586 billion, which was won in 2016.
Top winner list
KEY POINTS
- Whether the winner would choose an annuity or the reduced lump sum, taxes would take a big bite out of the prize.
- The cash option for this jackpot is $782.4 million, just under half the annuitized value.
- If the winner were to go with the lump sum, $187.8 million would be withheld for federal taxes — and that would likely be just the start.
How do I play Powerball?
The cost is $2 per ticket, but you can add the Power Play for $1, which will increase the amount of your potential prize up to five times the original prize (except for the jackpot and Match 5). There is also a 10x Power Play possibility when the jackpot is less than $150 million.
Each player selects five numbers from 1 to 69 for the white balls and one number from 1 to 26 for the red Powerball. However, you can also have the lottery machine generate a quick pick ticket with random numbers for you.
Prizes vary from $4 for the matching the Powerball to $1 million for matching all five white balls (except in California) to the jackpot for matching all six balls. You can check all the prize payouts on the Powerball website here.
Where can I buy Powerball tickets?
You can play the game in 45 states plus the Washington DC, Puerto Rico and the U.S. Virgin Islands.
Many grocery stores, gas stations and convenience stores sell lottery tickets. Some states allow Powerball tickets to be purchased online, but beware of scam websites. Check with your state lottery for more details about online sales before purchasing tickets online.
You don’t need to be a U.S. citizen or a resident a particular state where you purchase your ticket.
How can I watch Powerball drawing?
The Powerball drawing is broadcast live on the lottery website at 10:59 p.m. ET on Monday, Wednesday and Saturday. You can watch the drawing by clicking here.
The drawing may be broadcast on a local television station in your market as well.