Largest Jackpot in Lotto History Won in New Jersey

TLDRA lucky individual in New Jersey has won the largest jackpot in lotto history, worth $1.3 billion. After taxes, the winner will net around $294 million. The Powerball drawing, with an estimated $865 million jackpot, is still to come.

Key insights

🎉A lucky person in New Jersey won the $1.3 billion lotto jackpot

💰After taxes, the winner will receive around $294 million

The Powerball drawing with an estimated $865 million jackpot is still to come

🍀Many lottery winners opt for smaller payouts

📆The winner can choose between a lump sum or annual payments over 29 years

Q&A

How much will the winner receive after taxes?

After taxes, the winner will receive around $294 million.

Is there another lottery drawing coming up?

Yes, the Powerball drawing with an estimated $865 million jackpot is still to come.

What do most lottery winners do with their money?

Many lottery winners opt for smaller payouts instead of the full jackpot.

Can the winner choose between a lump sum and annual payments?

Yes, the winner can choose between a lump sum or annual payments over 29 years.

How much do smaller lottery winners receive?

Smaller lottery winners can receive up to $1 million.

Timestamped Summary

00:11A lucky person in New Jersey has won the $1.3 billion lotto jackpot

00:20After taxes, the winner will receive around $294 million

00:34The Powerball drawing with an estimated $865 million jackpot is still to come

01:50Many lottery winners opt for smaller payouts instead of the full jackpot

02:40The winner can choose between a lump sum or annual payments over 29 years