$1 billion Powerball ticket sold near Los Angeles Skid Row, convenience store owner raises $1 million
The $1.08 billion Powerball ticket, which matched six of last week's winning numbers, was sold in Los Angeles' Skid Row neighborhood, an area notorious for homelessness and crime.
Powerball officials said the winner of the July 19 drawing was sold at the Las Palmitas Mini Market at 1205 Wall Street in downtown Los Angeles. The community, which is predominantly Latino, is one of Los Angeles' most popular tent cities and is filled with drugs, addicts and people suffering from mental health crises.
Winning the sixth largest Lottery jackpot in U.S. history in an area like this gives the community a little hope.
I'm very happy," said Nabor Herrera, 52, owner of Las Palmitas Mini Market, where the media blasted the store after the win Finally, he said in Spanish โI believe the winner is Latino. I don't know who it is, but they are mostly our customers. Latinos work in cities. "
Herrera did not spend much time talking to reporters as he said he had to unload several cases of water and milk from the trunk of his car again. Herrera's store competes with many street vendors selling bottled water, flavored water ice and candy. One of the incentives to bring locals to the store is becoming an official retailer of the California Lottery, one of 45 participating states in Powerball.
$1M Retail Bonus
Powerball retailers have a legitimate interest in the sale of their lottery tickets. In California, retailers can earn up to $1 million from selling winning tickets. The lottery rewards retailers who sell jackpot prizes with a 0.5% bonus, but prizes are capped at $1 million.
Before returning to work, Herrera said he planned to take a vacation with his four children and wife and invest the remaining money. When asked about his emotional state, Herrera replied: "Surprised."
Powerball officials said the identity of the winner was not yet known. Winners have until July 19, 2024 to claim their prize. California does not allow lottery winners to remain anonymous, so the identity of the winner will be revealed.
The winner must decide whether to choose the full prize of $1.08, payable over 30 years, or a one-time cash option of $558.1 million. Both amounts apply until the federal government takes a 37% share, which is the highest personal tax bracket the winner falls into, regardless of whether they choose a pension or a cash payment.
Immigration Success Story
The Los Angeles Times reported that Herrera immigrated to the United States from El Salvador several years ago with his wife, Maria Leticia Menjivar. They opened a supermarket selling drinks, bread, canned goods and other everyday household items. They also decided to partner with the California Lottery to become an authorized retailer.
The California Lottery states that for every $5 in lottery tickets sold, on average, retailers receive $10 in additional sales through additional in-store purchases made by lottery players. Retailers also earn commissions of 4.5% to 6% on sales of California Lottery drawing games.
According to the California Lottery, its retailers have collected more than $8.5 billion in commissions and winnings since 1985.
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Source: www.casino.org
