California Powerball Winner Claims $316.3 Million JackpotFriday May 20th 2022
A very lucky California man has claimed his half of the seventh-largest jackpot in Powerball history, won on January 5, 2022.
Orlando Zavala Lozano matched all six numbers and shared the enormous $632.6 million prize with a couple in Wisconsin. Cliff and Tammy Webster of Oneida stepped forward in February.
Lozano purchased his ticket at the 7-Eleven on the corner of Wyndham Drive and Valley Hi Drive in Sacramento. The Lottery paid the retailer a $1 million bonus for selling the winning ticket.
“Foot traffic has increased along with sales since we sold the winning ticket,” said the store’s owner Harprit Dhillon. “Lottery games are great for small businesses, and we love selling them.”
Lozano has chosen to receive his winnings as a cash lump sum worth an incredible $225.1 million before the required 24% federal tax withholdings. California does not charge any state taxes on lottery wins.
The lump sum is the amount in the prize pool at the time of the win and is less than the advertised jackpot.
The alternative is to be paid an annuity, where the lump sum is invested over time to produce yearly payments that eventually add up to the advertised top prize.
The three-month jackpot run that finished with Lozano’s win produced over $67.8 million for California public schools.
“Every dollar or more that a Lottery player spends in California supports our mission to raise money for public education,” said Alva V. Johnson, Director of the California State Lottery. “And the local stores that sell our games – our more than 23,000 retail partners across the state – benefit too from commissions and bonuses. So, whether a player hits a big jackpot, wins a smaller prize, or doesn’t win any cash at all – rest assured it’s still a win-win for the community and for California.”
95 cents of each dollar spent on Lottery games is returned to the community via prize payouts, retailer payments, and support for schools, colleges and universities in the Golden State. The Lottery has raised over $39 billion for public education since it started in 1985, and gave more than $1.8 billion in Fiscal Year 2020-21.
This Week's Jackpots
Your next chance to take home a huge jackpot of your own is tonight, Friday, May 20. The Mega Millions top prize is an impressive $131 million.
And there's the opportunity to hit a $117 million Powerball jackpot tomorrow, Saturday, May 21.
Pick up your tickets for both draws now.Latest News