LOTTERY officials have issued a warning to all Powerball players as a $150,000 prize still remains up for grabs.
One player in Kentucky came up trumps on Monday night after spending just $2.
GettySebring,Florida-USA; May 30, 2016[/caption]The gambler bought the slip from a gas station in Hopkinsville – located around 70 miles from Nashville, Tennessee.
They managed to match four numbers and the Powerball, which would’ve normally landed a $50,000 prize.
But, they took advantage of the Power Play, which saw the non-jackpot prize trebled, as reported by the NBC affiliate WNKY-TV.
The prize remains up for grabs but Kentucky lotto bosses have wasted no time in issuing an urgent warning.
They warned that winners have 180 days from the draw date to claim their prizes.
Before coming forward, gamblers should sign the back of their tickets and keep them stored in a secure place.
Gamblers must book an appointment at the lottery headquarters in Louisville when claiming their prize.
The next draw will take place on February 26.
The jackpot was not won on Monday night which means it has rolled over again.
It stood at an estimated $233 million, with a cash value of $106.6 million.
Seven players matched four numbers and the Powerball on a game of chance.
But only two players had the Power Play, meaning they received $150,000.
The Power Play multiplies non-jackpot prizes.
Only one player matched five numbers and the slip was bought from a Publix store in Florida.
Lottery winnings: lump sum or annuity?
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.
There were more than 180,000 players who matched the Powerball and took home $4 each.
While 354 gamblers matched four numbers to take home $100 each.
So far, there has been only one Powerball jackpot winner in 2025.
Oregon resident Abbas Shafii, 79, bought a ticket on January 17 2025 and claimed his prize a month later.
He matched all the numbers to win a $328.5 million jackpot.
Shafii faced a choice on how to receive his prize. He could receive his payment in payouts over three decades, or one check.
He chose the latter and this meant his prize was cut to $146.4 million before tax.
Winners who scoop prizes of over $5,000 have to pay the federal government 24% tax.
And, depending on where the ticket is bought, they might have to pay a state tax.
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