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3 Powerball tickets, each worth $800,000, sold in California
FOX 11 Los Angeles • • business
Key Points:
- Three Powerball tickets, each worth approximately $809,204, were sold in California over the weekend at locations in West Los Angeles, Pleasanton, and Fresno County.
- The tickets correspond to the August 1 drawing for a $707 million jackpot, for which no one matched all six winning numbers: 6, 17, 27, 48, 50, and Powerball 5.
- The next Powerball drawing is scheduled for August 3 at 8 p.m. PT, with a jackpot estimated at $748 million.
- Lottery winners must consider taxes on their prizes, which vary based on state tax laws and whether they choose a lump sum or annuity payout; annuity winners receive one immediate payment followed by 29 annual payments.
- Powerball’s payout structure mirrors Mega Millions, and potential winners can use payout calculators to estimate their post-tax winnings.
