Particle.news

Anonymous Illinois Player Claims $1.04 Billion Powerball Jackpot

The winner opted for a one-time cash payout of about $450.5 million that will be cut sharply by federal and Illinois tax withholdings.

Overview

  • The Illinois State Lottery confirmed an unnamed ticket holder has officially claimed the sole $1.04 billion Powerball prize from the Aug. 12 drawing and used state law to remain anonymous.
  • The winning ticket was a $2 Quick Pick bought at the Hy‑Vee Fast & Fresh convenience store in Quincy, Illinois, and matched the numbers 4, 26, 66, 67, 69 with Powerball 9.
  • The claimant chose the lump-sum cash option of roughly $450.5 million before taxes rather than the annuity paid over many years.
  • Standard automatic withholdings will materially reduce the payout, with a 24 percent federal withholding shown in reporting and further federal and Illinois 4.95 percent taxes likely to lower the net amount to well under $300 million in illustrative calculations.
  • Hy‑Vee in Quincy received a $500,000 retailer bonus for selling the ticket and the jackpot — the largest Powerball prize of the year and one of the biggest in the game's history — has drawn intense local interest.