A LUCKY Powerball winner could lose out on $50,000 if they fail to come forward for the cash.
The winner, who bagged the winning numbers at a Cub Foods in Minnesota, has just seven days until they expire.
The Powerball ticket (not pictured) was purchased from a Cub Foods store on November 1 last year[/caption]
The lotto ticket was bought on November 1 2023, and expires if it goes unclaimed for a year.
It means the winner has just days to claim the cash and could lose out on the whopping sum if they fail to come forward.
The ticket was a Match 4 plus Powerball and was purchased at the store on 100 Opportunity Blvd, Cambridge, Minnesota.
It’s worth a huge $50,000 and its rightful owner could be kicking themselves if they don’t come forward quickly.
It comes after a Powerball player in Georgia scooped up a whopping $478 million jackpot on Wednesday night,
The winning numbers on Wednesday were 2, 15, 27, 29, 39 and red Powerball 20.
The winner, who has not been named, matched all six.
They now have the option to take home the $478 million over the course of 29 years or the one-time lump sum estimated to be $230.6 million.
It means they could lose more than half the prize if they take the latter option.
Wednesday night’s win broke a two-month period of no Powerball winners at all.
It was also a huge win for Georgia, which hadn’t scooped a Powerball jackpot in a decade.
The latest jackpot winner was a California lottery player, who won a $44.3 million on August 19, 2024.
Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether to take the lump sum or take the annuity.
Powerball drawings are held three times a week – Monday, Wednesday and Saturday at 10:59 p.m.
The latest jackpot will now reset to $20 million for Saturday night’s drawing.
The deadline for buying a ticket varies per state.
Top lottery winners in the US
Millions dream of winning the lottery and finding fame and fortune. These are the biggest winners in US lottery history.
- Edwin Castro – $2.04 billion, Powerball, Nov. 8, 2022, in California.
- Theodorus Struyck – $1.765 billion, Powerball, Oct. 11, 2023, in California.
- Unknown winner – $1.602 billion, Mega Millions, Aug. 8, 2023, in Florida.
- Marvin and Mae Acosta from Los Angeles, California, John and Lisa Robinson from Munford, Tennessee, and Maureen Smith and David Kaltschmidt from Melbourne Beach, Florida – $1.586 billion, Powerball, Jan. 13, 2016.
- Unknown winner – $1.537 billion, Mega Millions, Oct. 23, 2018, from South Carolina.
- Unknown winner – he sued the mother of his child to keep his identity hidden – $1.348 billion, Mega Millions, Jan. 13, 2023, from Maine.
- Unknown winner – $1.337 billion, Mega Millions, July 29, 2022, from Illinois.
- Cheng and Duanpen Saephan, and Laiza Liem Chao – $1.326 billion, Powerball, April 7, 2024, from Oregon.
- Yanira Alvarez – $1.08 billion Powerball, July 19, 2023 in California.
- Wolverine FLL Lottery Club – $1.05 billion, Mega Millions, Jan. 22, 2021, from Michigan.
- Unknown winner – $842.4 million Powerball, Jan. 1, 2024, from Michigan.
