Mystery winners in Tennessee, Florida and California should get their affairs in order before they claim their thirds of the unprecedented $1.6 billion Powerball jackpot, lottery officials advised Thursday.
When the largest-ever lottery prize is finally awarded, the winners and losers will extend well beyond the lucky few who hit the jackpot and the multitudes of disappointed ticket buyers. Here's a breakdown of how Powerball affects the players, the public and others.
Taxes can eat up close to half a Powerball jackpot, but the amount taken out can vary widely depending on where a winner lives -- meaning state and local taxes can mean a difference of tens of millions of dollars.
The record-breaking $700 million Powerball jackpot is the stuff of dreams, but it all boils down to math. From the huge prize to the enormous odds against winning it, Saturday night's drawing is a numbers game that gives players good reason to brush up on their algebra, maybe as they stand in l…
New Jersey has seized nearly $70,000 in jackpots won by gamblers who told Atlantic City casinos to keep them out. The gamblers signed up for the state's self-exclusion list. But sneaked inside anyway, gambled, won, and got caught, only to see the casinos seize their winnings.