Two Winners Will Split a $587 Million Powerball Jackpot

Powerball numbers are chosen in the drawing at the Florida Lottery on Wednesday, Nov. 28, 2012, in Tallahassee, Fla. The numbers drawn in the $579.9-million game were: 5, 16, 22, 23, 29 and Powerball of 6.
AP Photo/Phil Sears
Dashiell Bennett 3,101 Views Nov 29, 2012

Lottery officials say that two tickets had the winning combination in last night's record-busting Powerball drawing—one in Arizona and one in Missouri—halving the second-biggest lottery jackpot in U.S. history. When all was said and done, the final tally for Wednesday's prize was $587.5 million, as a last-minute buying frenzy goosed the total from its starting number of $425 million. The winning numbers were 5, 16, 22, 23, 29, and the Powerball was 6.

If both winners take the lump sum cash payout, they will each get around $192 million before taxes. Both states automatically withhold 25 percent in federal taxes, plus 4 percent (Missouri) or 5 percent (Arizona) in income taxes. That would equal a check for somewhere around $134,750,000, though they may have to pay even more to the IRS when the accounting is done next April.

Both Arizona and Missouri also require that the name and hometown of all jackpot winners be released to the public, so the winners will not be able to remain anonymous, though they may choose to not show their face. The Missouri lottery website specifically recommends changing your phone number.

The good news for the rest of you losers is that here were so many tickets sold that almost nine million people will get some sort of consolation prize, from a $2 "break even" win for getting the special Powerball number right, to the $1 million second-prize for picking everything except the Powerball correctly. The total payout of non-jackpot prizes was more than $131 million.

Want to add to this story? Let us know in comments or send an email to the author at dbennett at theatlantic dot com. You can share ideas for stories on the Open Wire.

Topics: ,
Related Articles   More by Dashiell Bennett

Lottery Tickets, Red Pants, and Non-News

The Second Powerball Winner Wants to Remain a Mystery Man

Powerball Made $3.1 Million in 24 Hours After Invading California

 
President Barack Obama peers into a high tech hydrogen-cooled generator being manufactured for a power station in Kuwait as he tours a GE plant in Schenectady, NY, to talk about clean energy and green jobs, Friday, Jan. 21, 2011.

Obama Is Getting Ready to Rein In Power Plant Pollution

The Three Sentences in the Fed Announcement That Matter

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App