Powerball Holds the World Record for the Largest Prize Ever Awarded in the Lottery

Yana Bostongirl

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Lottery ticketPhoto by Erik Mclean

Those who play the American lottery game, Powerball, may have held their breath once the advertised jackpot cross the $1 billion mark back in 2016. Per reports, the eye-popping $1.586 billion prize money that could rival the fortunes of movie stars was split between three winning tickets from California, Florida, and Tennesse.

The owners of the winning ticket from Tennesse, John and Lisa Robinson of Munford, chose to go with a lump sum payment of $327.8 million even though their share of the pie came up to a sweet $530 million. Per reports, the winning ticket was one of four that they picked up from a grocery store.

According to this excerpt, the winners from Florida decided to set up a trust with their lottery earnings: "Maureen Smith, then aged 70, and her husband, David Kaltschmidt, 55, from Melbourne Beach, Florida, set up a trust called the Nickel 95 Trust to manage their finances. Like the Robinsons, they also decided to go with the $327.8 million cash payout on their prize." NBC reports that they planned on getting massages, upgrading their truck, and retiring on the prize money.

Six months after the winners were announced, Mae and Marvin Acosta of Chino Hills, California who had the tickets for a third of the $1.586 billion prize money said they were going to give some of the money to a Trust and the rest to charities: "The Acostas remained anonymous for months after winning, but released a statement saying they were thankful for the “rare gift that has been placed in our care.”

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