New Billionaires Emerged in California as Powerball Jackpot Winners Scoop $1.765 Billion

The recipients of the $1.765 billion Powerball jackpot, won in California last October, have stepped forward to receive their winnings.

A Powerball ticket bought in Frazier Park, California, for the October 11, 2023, drawing matched all five white numbers and the red Powerball, entitling the holder to claim the second-largest lottery jackpot in US history. The fortunate ticket was purchased at the Midway Market in Kern County, a family-owned establishment for three decades, which received a $1 million bonus commission for selling the winning ticket. Frazier Park, situated around 50 miles north of Los Angeles, is a small mountain town.

Theodorus Struyck, a 65-year-old California resident, stepped forward to claim the historic prize. California mandates that lottery winners reveal their identity to uphold public confidence in the state-operated lottery. Among the 44 states with lotteries, only 11 permit winners to maintain their anonymity.

Struyck stated that he represented a collective of winners who pool funds to purchase Powerball tickets, with an arrangement to divide any winnings among them.

The California Lottery announcement did not detail the number of participants in the group or reveal whether they opted for the lump-sum payment of around $774.1 million or the entire value of the annuity distributed over 30 years. These figures are pre-tax, with a federal tax rate of 37%. California does not impose additional taxes on lottery prizes.

Hopes and Dreams

Struyck and his associates clinched the Powerball jackpot following a series of 35 draws where no ticket matched all six numbers drawn—a feat with odds of one in 292.2 million.

Officials from the California Lottery highlight that this streak generated nearly $120 million for public schools, as per the state’s lottery revenue allocation. With the jackpot ticket now claimed, the lottery release notes that it instills “hope” among millions of players nationwide that they too could potentially hit the jackpot.”

Chima pointed out that while the chances of winning the Powerball jackpot are slim for most players, California students benefit daily from the lottery’s proceeds.

Regarding Struyck, neighbors expressed their happiness for him, describing him as a deserving recipient of the windfall. Despite winning big, Struyck has lived modestly in a small home for years, showing a strong family bond, particularly with his grandchildren.

Originally from Hawaii, Struyck apparently never mentioned having family there, according to conversations with neighbors like Kevin Woten. They recall discussing various topics with Struyck, including the devastating wildfires in Maui, but there was no mention of family ties to the area.

Jackpots on the rise

The US is on the brink of crowning its next major lottery winner, with both the Powerball and Mega Millions jackpots soaring to nearly record-breaking levels. The Powerball jackpot for Monday night stands at an estimated $645 million, with a cash option of $307.3 million. Meanwhile, Mega Millions has surged to $875 million, with a cash prize of $413.5 million up for grabs in its Tuesday night draw.