American winning $1 billion lottery chooses $450 million single payment - Caliber.Az
An anonymous Illinois man won a $1.04 billion Powerball jackpot and chose to receive a lump-sum payment of $450.5 million instead of the full prize distributed over 29 years. The state of Illinois will withhold $3 million from the winnings, and the retailer that sold the winning ticket will receive a $500,000 bonus.