POWERBALL players have been urged to double check their tickets as a $50,000 prize has not yet been claimed.
The slip was bought at a store in Monticello, Minnesota, last year but no one has cashed it in.
GettyA Powerball ticket is on the verge of becoming worthless (stock)[/caption]The player turned $2 into a $50,000 prize following the draw on April 1.
But, the gambler has only days remaining until the prize vanishes.
This is because the money will expire on Tuesday.
Players who win over $50,000 must claim their prize at the Roseville headquarters.
The player defied odds of one in 913,000 to land the prize, which was the result of matching four balls and the Powerball.
It is the second highest standard non-jackpot prize on the game of chance.
They were only one number away from landing the jackpot, which stood at a whopping $1.03 billion at the time.
The prize pot had a cash value of $496.4 million.
But, if the player comes forward, then they will be clobbered by taxes.
Lottery players who win more than $5,000 must pay 24% to the federal government.
And, they will have to pay a rate of 7.25% to the state.
The $50,000 prize is just one of three unclaimed prizes in the state.
Another player bought a ticket, also worth $50,000, from a Kwik Trip store.
This prize dates back to a draw that took place in January.
And, a third Minnesota gambler bought a ticket from a Kwik Trip location in Albert Lea.
But, they have until February next year to claim their prize.
Minnesota gamblers have one year to collect their prizes.
This is unlike most states where the claim window is six months.
States that have a six-month claim window include Arizona, North Carolina, and Oklahoma.
So far, there has only been one Powerball jackpot winner in 2025.
But, there have been two Mega Millions players who have won the top prizes on the game of chance.
A gambler in Illinois hit a $344 million jackpot on Tuesday, but they are yet to be unmasked.
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.
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