On May 18th, 2013 Powerball saw one lucky Florida resident become the world’s largest lottery winner with a cash payout of $376.9 million. The $591 million won is the second biggest lottery jackpot in history. The largest lottery jackpot in history came in March of 2012 when three lucky winners from Kansas, Illinois and Maryland split the Mega Millions jackpot of $656 million, which ended up being a cash payout of $474 million.
In countries such as Ireland, National Lottery goes untaxed. While in the United States our lottery system imposes income taxes on all winnings. Even after taxes being charged the $376.9 million is still the world’s biggest lottery win. If the winner chose not to accept the one time cash payment they would have received a $600 million annuity.
Could you imagine being the person who had the only ticket that matched all the numbers in the Powerball draw? With 43 different states, the District of Columbia ad the US Virgin Islands all playing the odds were not very good. In fact your chances to correctly match five numbers out of 59, and one Powerball number out of 35 is 175,223,510-to-1, but with tickets only costing about $2 why not try? You have to be in it to win it! Next time, maybe you will be the winner of the world’s biggest lottery.
We’ve told you about previously winners of Powerball and now it’s your turn to tell us what you would do if you won! No matter what your superstition is there is a shot for you to win and when it’s your time what will you spend your winnings on? So tell us if you were the world’s biggest lottery winner, what would you do?