Lottery warning to check tickets for unclaimed $1 million Powerball prize and it was bought at a gas station

POWERBALL players have been urged to check their tickets as a $1 million prize still has not been claimed. Arkansas lotto chiefs revealed the ticket was bought at Casey’s gas station in Springdale. The winning numbers were 8, 9, 11, 27, and 31 and the player faces a deadline to come forward and claim their prize.

Bosses have warned that the ticket-holder has six months to claim their winnings. If the prize isn’t claimed within 180 days, then the money will be returned to the state, according to the Arkansas Lottery. As the prize is worth $1 million, the prize must be claimed in person at the state’s claim center in Little Rock.



read more on lottery They are recommended to book an appointment in advance so there aren’t any delays. But, the claim center is only open during the week between 8am and 4:30pm local time. It’s closed on weekends and state holidays and no claims can be processed after 4:15pm.

Arkansas lotto bosses have also recommended a series of steps players should take before scooping their winnings. Most read in Money They should sign the back of their ticket and take advice from a financial planner. The Arkansas Lottery has a recommended hotline winners should call if their prize is over $250,000.

But, the winner will be hit with taxes when they step forward and claim their prize. They will be hit with a federal tax rate of 24% as well as a 4.4% tax rate in Arkansas.

Internal Revenue bosses tax winnings over $5,000 at a rate of 24%. But, the state taxation rate is not as steep as other states in the country. Players who win big on lottery tickets typically have a choice to make: lump sum or annuity? The two payout methods can impact how much money you get from your prize.

Annuities pay out slowly in increments, often over 30 years. Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away.

Many states tax winnings as well. Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once. Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar.

That means that you'll likely be getting less valuable money towards the end of an annuity. Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.

Experts have varying opinions on whether to take the lump sum or take the annuity . North Dakota, Mississippi, and Pennsylvania are among the states with the lowest lottery tax rates. Officials in California and Texas do not tax winnings on a state level.

Winners in New Hampshire and Tennessee are not taxed at the state level. But, lotto winners in New York are taxed at a rate of more than 10%. It is one of the highest rates in the country.

Read More on The US Sun In Maryland and Washington DC, the state taxation rate is 8.75% and 8.5% respectively.

Wisconsin, Oregon, and New Jersey are also among the states with high tax rates on lotto winnings. Millions dream of winning the lottery and finding fame and fortune. These are the biggest winners in US lottery history.

Edwin Castro - $2.04 billion, Powerball, Nov. 8, 2022, in California.

Theodorus Struyck - $1.765 billion, Powerball, Oct. 11, 2023, in California.

Unknown winner - $1.602 billion, Mega Millions, Aug. 8, 2023, in Florida.

Marvin and Mae Acosta from Los Angeles, California, John and Lisa Robinson from Munford, Tennessee, and Maureen Smith and David Kaltschmidt from Melbourne Beach, Florida - $1.586 billion, Powerball, Jan. 13, 2016.

Unknown winner - $1.537 billion, Mega Millions, Oct. 23, 2018, from South Carolina.

Unknown winner - he sued the mother of his child to keep his identity hidden - $1.348 billion, Mega Millions, Jan. 13, 2023, from Maine.

Unknown winner - $1.337 billion, Mega Millions, July 29, 2022, from Illinois. Cheng and Duanpen Saephan , and Laiza Liem Chao - $1.

326 billion, Powerball, April 7, 2024, from Oregon. Yanira Alvarez - $1.08 billion Powerball, July 19, 2023 in California.

Wolverine FLL Lottery Club - $1.05 billion, Mega Millions, Jan. 22, 2021, from Michigan.

Unknown winner - $842.4 million Powerball, Jan. 1, 2024, from Michigan.

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