Welcome Guest
Log In | Register )
The time is now 6:12 am
You last visited April 16, 2014, 6:10 am
All times shown are
Eastern Time (GMT-5:00)

Christmas Day Powerball lottery winner claims $48.8M jackpot

PowerballPowerball: Christmas Day Powerball lottery winner claims $48.8M jackpot

WILTON, N.Y. — The winner of a $48.8 million Christmas Day jackpot has come forward to claim the prize, New York Lottery officials confirmed Thursday.

Carolyn Hapeman, a  New York Lottery spokesperson, said the ticket-holder came in on Tuesday afternoon to claim their prize — more than a month after it was sold at the Stewart's Shop at 4208 Route 50 in Wilton, New York.

Hapeman declined to identify the winner until the verification or auditing process of the ticket has been completed.  That process, because Powerball is a multi-state lottery, requires additional notification.

Hapeman would give no clues as to where they might live, their gender or why they waited this long to reveal themselves.

"All will be revealed in due time," she said.

A check presentation is also being coordinated that will include the winner, Stewart's officials and Yolanda Vega, a Lottery personality.

The ticket, sold on Dec. 25, cost $1. The odds of winning were 1 in 195 million. A computer was used to select the winning numbers, 1, 17, 38, 50, 52, and Powerball number 24.

Taken in annuity payments made over a 30-year period, the winner could get up to $48.8 million. If the winner opts for a lump sum, he or she could receive $24.8 million.

The amounts do not include state and federal tax payments that, under the annuity plan, could reach nearly $16.5 million. The lump sum payment would result in a lump-sum tax bill of about $8.4 million.

Stewart's Shop, the seller of the winning ticket, stands to be awarded a $10,000 bonus from the Lottery.

Lottery Post Staff

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

15 comments. Last comment 3 years ago by HaveABall.
Page 1 of 2
megamanX's avatar - mega man_x_sprite-9629.jpg
Pocatello, Idaho
United States
Member #105623
February 3, 2011
59 Posts
Offline
Posted: February 4, 2011, 10:11 am - IP Logged

nice, they spent only $1. I wonder if the numbers were quick picks.

    sully16's avatar - sharan
    Listens to the wind

    United States
    Member #81740
    October 28, 2009
    17682 Posts
    Offline
    Posted: February 4, 2011, 11:05 am - IP Logged

    Congrats Carolyn enjoy your good fortune.

    There's only one US Flag

      Bagent's avatar - avatar 10424.gif
      Vancouver, WA
      United States
      Member #53665
      July 15, 2007
      144 Posts
      Offline
      Posted: February 4, 2011, 11:23 am - IP Logged

      nice, they spent only $1. I wonder if the numbers were quick picks.

      I am not for certain, but the article stated that a computer was used to pick the numbers.

        megamanX's avatar - mega man_x_sprite-9629.jpg
        Pocatello, Idaho
        United States
        Member #105623
        February 3, 2011
        59 Posts
        Offline
        Posted: February 4, 2011, 11:55 am - IP Logged

        I am not for certain, but the article stated that a computer was used to pick the numbers.

        yeah. I can't believe I missed that. 48.8 mil with one ticket. I wish it was me

          ressuccess's avatar - WhiteShyGuy

          United States
          Member #93166
          June 23, 2010
          835 Posts
          Offline
          Posted: February 4, 2011, 2:50 pm - IP Logged

          Congratulations to the Powerball Jackpot winner in New York on Christmas Day.

            buttercake's avatar - Lottery-029.jpg

            United Kingdom
            Member #70550
            February 5, 2009
            120 Posts
            Offline
            Posted: February 4, 2011, 4:41 pm - IP Logged

            Its amazing how a $48.8m win would result in a $8.4m payout, it feels like you win big just in order to pay huge tax back to the government, this is sad as you can't say your a $30m $40m $100m and so on lottery winner not if you opt for your winnings to be paid in annuity payments.

             

            Congrats to the winner and I hope he or she makes the best decision as to how he or she would like payment of this winnings to be made

              Avatar
              San Diego, CA
              United States
              Member #58386
              February 12, 2008
              267 Posts
              Offline
              Posted: February 4, 2011, 9:08 pm - IP Logged

              Its amazing how a $48.8m win would result in a $8.4m payout, it feels like you win big just in order to pay huge tax back to the government, this is sad as you can't say your a $30m $40m $100m and so on lottery winner not if you opt for your winnings to be paid in annuity payments.

               

              Congrats to the winner and I hope he or she makes the best decision as to how he or she would like payment of this winnings to be made

              The tax bill was $8.4 million.  His payout ends up being about $16 million.

               

              Still.  I have said many times on this board.  The advertised anuity amount is blatant false advertising.

                dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                Oklahoma
                United States
                Member #82391
                November 12, 2009
                4886 Posts
                Offline
                Posted: February 4, 2011, 9:56 pm - IP Logged

                congratulations to the winner....

                  Avatar
                  Detroit, Michigan
                  United States
                  Member #92133
                  June 1, 2010
                  261 Posts
                  Offline
                  Posted: February 5, 2011, 1:13 pm - IP Logged

                  so wait

                  can  you file for taxes and get some of it back?

                    tiggs95's avatar - Lottery-036.jpg

                    United States
                    Member #47420
                    November 4, 2006
                    3930 Posts
                    Offline
                    Posted: February 5, 2011, 4:51 pm - IP Logged

                    Congrats Carolyn enjoy your good fortune.

                    ATTENTION SULLY: Carolyn is the Lottery spoksperson and not the winner..Try to keep up and thanks for playing along..

                                                                              Pure luck

                      joshuacloak's avatar - avatar 23415.gif

                      United States
                      Member #32537
                      February 12, 2006
                      639 Posts
                      Offline
                      Posted: February 5, 2011, 6:52 pm - IP Logged

                      DETlotterypaye

                      about tax's on powerball and mega million jackpot wins

                      they withhold 25%, onless a charity ,none tax entity claiming it LOL

                      thro the top fed rate is 35%  , so they need to pay a other 10% ontop of the 25% they taken later, and am not even going into if you live in a income tax state rates. see usamega for their jackpot

                      Jackpot Analysis

                       


                       

                      however, if say you won, and like given Half or some large amount away,  when you file for your income tax's on that years lottery win, you Could in theory get a "refund"  as your allowed to take your charity out of Taxable income etc

                      my evil plan is to not give to charity, Hell no, it be Buying  Millions more of  lottery tickets/instance games for that tax year only

                      , Sense their taxing you on your winnings via gambling, your  allowed to  deduct   losses!,     

                      sense your allowed to Deduct your Gambling Loss of that same tax year to offset some of the tax on your Win amount, i say go Nuts,

                       in short, your allowed  to Gamble and Lose, , Oh will, i just write it off vs my winnings,  same write off power as if i was donateing to a chairty, 

                      say i won 16m in cash, if i went and spent say 6 million LOST it on all loser tickets , i could deduct it, and now i only pay tax on 10m, just like if you was to give away your money, besides, the lottery is a form of charity to me, LOL

                        megamanX's avatar - mega man_x_sprite-9629.jpg
                        Pocatello, Idaho
                        United States
                        Member #105623
                        February 3, 2011
                        59 Posts
                        Offline
                        Posted: February 6, 2011, 12:15 am - IP Logged

                        ATTENTION SULLY: Carolyn is the Lottery spoksperson and not the winner..Try to keep up and thanks for playing along..

                        Carolyn should enjoy her good fortune. Who wouldn't want to be a spokesperson for the New York Lottery? Sounds like a cushy job to me.

                          megamanX's avatar - mega man_x_sprite-9629.jpg
                          Pocatello, Idaho
                          United States
                          Member #105623
                          February 3, 2011
                          59 Posts
                          Offline
                          Posted: February 6, 2011, 1:36 am - IP Logged

                          DETlotterypaye

                          about tax's on powerball and mega million jackpot wins

                          they withhold 25%, onless a charity ,none tax entity claiming it LOL

                          thro the top fed rate is 35%  , so they need to pay a other 10% ontop of the 25% they taken later, and am not even going into if you live in a income tax state rates. see usamega for their jackpot

                          Jackpot Analysis

                           


                           

                          however, if say you won, and like given Half or some large amount away,  when you file for your income tax's on that years lottery win, you Could in theory get a "refund"  as your allowed to take your charity out of Taxable income etc

                          my evil plan is to not give to charity, Hell no, it be Buying  Millions more of  lottery tickets/instance games for that tax year only

                          , Sense their taxing you on your winnings via gambling, your  allowed to  deduct   losses!,     

                          sense your allowed to Deduct your Gambling Loss of that same tax year to offset some of the tax on your Win amount, i say go Nuts,

                           in short, your allowed  to Gamble and Lose, , Oh will, i just write it off vs my winnings,  same write off power as if i was donateing to a chairty, 

                          say i won 16m in cash, if i went and spent say 6 million LOST it on all loser tickets , i could deduct it, and now i only pay tax on 10m, just like if you was to give away your money, besides, the lottery is a form of charity to me, LOL

                          Tax deductions and tax credits are not equal. In fact, there are HUGE differences between the two. Do yourself a favor and google, "tax deductions vs tax credits." It would suck if you won the lotto and then ended up broke and up to your eye balls in debt a few years later.

                          In a nut shell, tax credits will lower your tax liability dollar for dollar but unfortunately tax deductions will only lower your tax liability up to a certain amount depending on your tax bracket.

                          If you were in the 35 percent tax bracket, you'd only be able to reduce your tax liability 35 cents for every one dollar you lost. So if someone in the 35 percent tax bracket bought $100 in losing lotto tickets they'd only reduce their tax liability by $35, meaning they'd be out $65. An easier example would be, if you gave me a dollar and I gave you back 35 cents, does that sound like a good deal?

                          In your example, you win 16 million in cash and buy 6 million in losing tickets, you'd only be able to reduce your tax liability by 2.1 million. This is not exactly a sound financial stratagy. If you ever won big, I'd suggest talking with a financial planner or at the very least a CPA before doing anything drastic.

                            butterflykt's avatar - Lottery-043.jpg

                            United States
                            Member #102746
                            December 25, 2010
                            108 Posts
                            Offline
                            Posted: February 8, 2011, 10:00 am - IP Logged

                            What a way to start the new year....

                            All things are possible to those that believe!!!!!!Wink