POWERBALL players have been urged to check their numbers as there is still a $100,000 prize up for grabs.
The winning coupon was purchased before the drawing on January 4 at a store in Ohio.
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Purchased from Country Foods Store in South Webster.
The ticket was sold a few days after the $138 million prize went unclaimed and expired.
The player, who remains anonymous, matched four numbers and received a Power Play option, meaning the amount was worth $100,000.
Their prize was doubled thanks to the extra dollar they spent on the Power play.
Typically, Powerball players who match four numbers get $50,000 before taxes.
Lottery players who receive more than $5,000 must pay a 24% tax to the federal government.
This is before state taxes are cleared from the award.
In Ohio, the state taxes players at a rate of 3.5%.
The ticket holder has 180 days to come forward and claim their amount.
Powerball players must challenge the odds of one in about 292.2 million to win the jackpot.
They have a higher chance of winning the Powerball jackpot than other games, such as Mega Millions.
The odds of winning Mega Millions are more than one in 300 million.
But a series of changes are coming to the popular lottery game that has been around for three decades.
Mega Millions players will see improved odds of winning prizes.
The jackpots will grow faster than ever, and the prize pool will have big starting points.
The wins will ultimately be more valuable than the cost of the ticket.
Currently, Mega Millions offers break-even prizes.
Despite the new concessions, which are due to take effect in April, the cost of a ticket will rise.
It will soon cost players $5 to test their luck in a game of chance.
Currently, the coupon costs only $2 per purchase.
Lottery winnings: lump sum or annuity?
Players who win large sums of money on lottery tickets usually have a choice: lump sum or annuity?
Both payment methods can affect the amount of money you get from your prize.
Annuities are paid out slowly in increments, often over 30 years.
Lump sums are paid all at once but in a smaller amount, as taxes are withheld all at once. This means that 24% of your prize goes to Uncle Sam immediately. Many states tax gains as well.
Pensions can buy winners time to build the financial infrastructure needed to receive a life-changing sum of money, but lump sums have the advantage of being taxed only once.
Inflation is also worth taking into account when making a decision, as payments do not adjust to the value of the dollar. This means you'll likely have less money back at the end of the annuity.
Each state and game pays prizes differently, so it's best to check your state's lottery to confirm payout policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether you should take a lump sum or take an annuity.
