Anonymous Illinois player claims $1.04 billion Powerball jackpot from $2 ticket
An unnamed player in Illinois has won a $1.04 billion Powerball prize after purchasing a single $2 Quick Pick ticket.
A resident of Illinois has come forward to claim the eighth-largest Powerball jackpot ever, valued at $1.04 billion after a $2 Quick Pick purchase. The winner described a cascade of emotions, from initial disbelief to overwhelming joy, after confirming the win with a family member. The winning numbers were 4, 26, 66, 67, 69 and Powerball 9, and the ticket was bought at a Hy-Vee Fast & Fresh outlet in Quincy.
Illinois Lottery officials said the winner opted for a lump-sum payout of about $450.5 million, which will be reduced by a 24 % federal withholding and additional state tax. The winner may face a higher marginal tax rate, while Hy-Vee earned a $500,000 retailer incentive for the ticket sale.
Why it matters
It highlights the massive scale of lottery jackpots and the tax implications for winners.
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