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He opted to receive his winnings in a lump-sum payout of $233 million.
You may be in a much better earnings tax position if you acquire the proceeds over quite a few years through an annuity rather than up front.
Florida Lotto
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The Powerball's jackpot has not been claimed due to the fact a player in California won a prize worth practically $700 million, the fifth-biggest in Powerball history, in the October 4 draw.
All earnings generated from Powerball ticket sales in Florida are given to the Educational Enhancement Trust Fund to advantage education throughout the state.