Missed Out On $416Million But A Win’s A Win!
We’ve just got wind of some absolutely astonishing news from the USA – a massive lottery winner has decided to donate the entire winnings to charity instead of keeping the cash for themselves!
Winning the lottery is a dream for most of us but the likelihood of winning is severely slim. So slim in fact, the odds suggest we have more chance of being hit and killed by an asteroid millions of times over than scooping a grand prize. As morbid as that seems, someone has to win and that someone rather than splashing out on a luxury lifestyle, has decided to treat those less fortunate.
The selfless act has come about after the anonymous winner scooped $150K in the Powerball draw on January 16th. Even more shocking is the fact the ticket missed out on the $416 million (or $224.9 million if taken all at once as a lump sum), by one number! One Number!
The South Carolina resident will not pay any tax on the winnings as they are headed straight to charity. The store in Greenville, South Carolina which sold the winning ticket will be receiving $1,500 worth of commission.
Powerball prizes range from $4 to hundreds of millions, and when you take into account the Power Play multipliers those prizes grow to 10x their stated value! Matching just the Powerball results in a prize. All five white balls drawn and that Powerball gets you the jackpot.
What are the odds? The overall odds of winning a prize are 1 in 24.87.
- Powerball: Odds of winning $4 is 1 in 38.32
- One white ball and the Powerball: Odds of winning $4 is 1 in 91.98
- Two white balls and the Powerball: Odds of winning $7 is 1 in 700.33
- Three white balls: Odds of winning $7 is 1 in 579.76
- Three white balls and the Powerball: Odds of winning $100 is 1 in 14,494.11
- Four white balls: Odds of winning $100 is 1 in 36,525.17
- Four white balls and the Powerball: Odds of winning $50K is 1 in 913,129.18
- Five white balls: Odds of winning $1 Million is 1 in 11,688,053.52
- Five white balls and the Powerball: Odds of winning the grand prize (jackpot) is 1 in 292,201,338.00
To put the Powerball prizes into perspective, the $40 Million prize in the January 16th drawing was as tall as the Smithsonian Institution in Washington, D.C, if you were to stack $100 bills on top of each other.
Jackpot winners can either withdraw their prize as an annuity or a lump-sum payment. If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. The annual payments increase by 5% until the 30th and final payment. The 30 payments added up equal the value of the annuity.
“Lottery Winner Decides To donate Entire Prize Money To Charty”, unilad.com, February 14, 2023.
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