$2.04B Powerball winner bought $25M Hollywood dream home and another in his hometown (2024)

LOS ANGELES, Calif. – What's it like to become an "almost billionaire" overnight?

For the sole winner of the $2.04 billion Powerball drawing in November 2022, life seems a bit more glamorous. Edwin Castro won the largest-ever lottery jackpot, and he opted for a lump sum of $997.6 million, just shy of $1 billion, according to the California Lottery.

Since his historic win, news reports show he has splurged, buying two multimillion-dollar homes in his home state of California, and a vintage ride that's sure to turn heads.

Though he declined to appear publicly when he claimed the grand prize two months after the drawing, he complimented California public schools "as the real winner" and said in a written statement he was shocked and ecstatic. In California, lottery winners' identities are public record. California Lottery director Alva Johnson announced Castro's win on Valentine's Day, Feb. 14, 2023, in Sacramento, Calif.

Here are some things to know about Castro and that record-breaking, life-changing lottery win.

Who won $2.04 billion Powerball jackpot?

After months of rollovers, the Nov. 7, 2022, Powerball drawing ballooned to a whopping $2.04 billion. The jackpot was an estimated $1.9 billion days before the drawing, but lottery ticket sales pushed it to more than $2 billion after updated calculations. The drawings had rolled over 40 times since Aug. 3, 2022. Edwin Castro finally won the lottery with thesewinning numbers: 10-33-41-47-56 and the Powerball was 10.

Did something weird happen with $2.04 billion Powerball lottery drawing?

Because of the intense interest in the $2 billion prize, there was a delay in the drawing for almost 10 hours. Powerball drawings are normally at 11 p.m. EST Mondays, Wednesdays and Saturdays. Nov. 7, 2022, was a Monday, and the drawing didn't occur until the next morning.

According to Powerball, the delay was due to "a participating lottery needing more time to complete the required security protocols."

The highly anticipated drawing was delayedbecause a participating lottery was still processing its sales and play data,the Multi-State Lottery Association said. It's not clear which lottery was affected.Powerball officials said they have "strict security requirements" that 48 participating lotteries must must meet before a drawing can occur.

As soon as the required procedures were completed by the one outstanding lottery, the drawing proceeded just before 9 a.m. Tuesday.

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Who sold winning $2.04 billion Powerball ticket in California?

Even though the $2.04 billion Powerball drawing was delayed, it didn't take long for the California Lottery system to announce Joe's Service Center in Altadena, California, near Los Angeles, sold the winning ticket.The identity of the lottery retailer was released a day after the drawing.

In a press conference, owner Joe Chahayed Jr. said he wanted to share the money with his 11 grandchildren. Chahayed and his his son, Joe Chahayed Jr., posed for pictures outside Joe's Service Center. Retailers typically get a small piece of the grand prize, but because lottery ticket sales pushed the Powerball jackpot well over $2 billion, the bonus prize grew, too. The California Lottery awarded Chahayed a $1 million bonus for selling the winning ticket.

"We want to thank all of our community members that always come that are dedicated to this station," Chahayed said at the Nov. 9 news conference."They truly believe in luck and they truly believe that some things are just deserved to be."

In addition to the grand prize, 22 tickets worth $1 million matched all five numbers except the Powerball in 16 states, Powerball officials said.

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What were the winning Powerball numbers for $2.04 billion drawing?

In an odd coincidence, one of the winning numbers matched the Powerball in the $2.04 billion drawing. The Nov. 7, 2022, winning Powerball numbers were 10-33-41-47-56 and the Powerball was 10.

What did $2.04 billion lottery winner do with his prize money?

$2.04B Powerball winner bought $25M Hollywood dream home and another in his hometown (1)

After Castro claimed his winnings as a one-time, lump sum payment on Valentine's Day, three months after the drawing, he bought a $25.5 million estate in Hollywood Hills on March 1. According to USA TODAY, the 13,500-square-footmansion sits on a 0.58-acre lot and features five bedrooms, sevenbathrooms, game room, wine cellar, movie theater, bar, spa and fitness studio. The main room is on the third floor and has its own balcony. Other amenities include a garage big enough to park seven cars.

Most of the house, which sports an outdoor infinitypool and fireplace, is made up ofglass walls, photos show.

According to the New York Post, Castro purchased a second home in his hometown of Altadena, a $4 million mansion with views of the San Gabriel Mountains. Features of the 1953 Japanese-style home include a pool, movie theater, five bedrooms and four bathrooms, the New York Post reported. Castro was reportedly living in a one-bedroom home when he won the Powerball.

The New York Post said Castro also bought a vintage white Porsche for $250,000. In addition to his luxury splurges, Castro has a round-the-clock security team.

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Who is Edwin Castro, Powerball lottery winner?

In March, TMZ reported Castro was once a Boy Scout, rising to the rank of Eagle Scout, and a prominent athlete at Crescenta Valley High School in La Crescenta, California. The TMX story said Castro played football and baseball for Crescenta Valley and eventually studied architecture at Woodbury University in Burbank, California.

$2.04 billion lottery winner was sued

$2.04B Powerball winner bought $25M Hollywood dream home and another in his hometown (2)

State lotteries recommend players who believe they have a winning jackpot prize ticket sign the ticket, put it in a safe place, seek financial and legal advice, and contact their state lottery to make an appointment to claim the prize.

Winners also undergo a vetting process by their state lottery. California State Lottery has a “rigorous vetting process” to ensure that the person who says they’ve won is a legitimate winner, said spokesperson Carolyn Becker.

The vetting process can take weeks or months before a winner can be declared, according to Becker.

However, that didn't stop Edwin Castro from being sued by a man who claimed the winning lottery ticket was actually stolen.

On April 25, Jose Rivera claimed he bought the winning ticket on Nov. 7, hours before the Tuesday morning drawing. California Lottery officials backed Castro and its vetting process.

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Who won $1.08 billion Powerball in California on July 19, 2023?

Like Edwin Castro, there's another billion-dollar Powerball lottery winner from California.

After three months of rollovers − from April to July − Powerball again hit the billion-dollar mark July 18, 2023, when no one matched all five numbers plus the Powerball in the Monday, July 17, drawing. A singleticket purchased in California eventually won Powerballon Wednesday, July 20, for $1.08 billion. The identity of the winner(s) has not been revealed as of Aug. 1, 2023.

Contributing: N'dea Yancey-Bragg, Orlando Mayorquin, Mike Snider, Thao Nguyen, Claire Thornton, USA TODAY; Nate Chute, Austin American-Statesman

Sangalang is a lead digital producer for USA TODAY Network-Florida. Follow her onTwitteror Instagram at@byjensangalang. Support local journalism.Consider subscribing to a Florida newspaper.

$2.04B Powerball winner bought $25M Hollywood dream home and another in his hometown (2024)

FAQs

How much did Edwin Castro get after taxes? ›

After taxes, he reportedly walked away with a lump sum of US$628.5 million on Valentine's Day last year and swiftly became a media darling for how he has been spending his fortune.

Where is Edwin Castro now? ›

After months of vetting through the California Lottery, Castro officially claimed his grand prize on Valentine's Day, Feb. 14, 2023. Since then, Castro has purchased three homes in his home state of California along with several vintage cars, including two Porsches almost a year after the drawing, news reports show.

How much did the $2 billion lottery winner take home? ›

Castro claimed his prize in February, choosing to immediately receive nearly $1 billion in cash, which came out to be roughly $628 million after taxes. The alternative option was to collect the full $2 billion prize through an annuity over 29 years, which financial advisors say is usually the better strategy.

Who is Yanira Alvarez? ›

Yanira Alvarez bought the winning $1.08 billion Powerball jackpot ticket at Las Palmitas Mini Market in Los Angeles for the July 19, 2023 drawing. Alvarez's winning numbers were 7, 10, 11, 13, 24, and the red Powerball 24.

What states do not pay tax on lottery winnings? ›

All states except the following eleven, along with Puerto Rico and the U.S. Virgin Islands, do not tax national lottery winnings: Alaska, California, Delaware, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. All other states do tax national lottery winnings.

Who is the richest lottery winner? ›

The largest Powerball jackpot in US history was won by Edwin Castro in Southern California, totaling $2.04 billion. The ticket was sold in Nov. 2022 at Joe's Service Center in an unincorporated community near Los Angeles. Here is a list of the largest jackpots won in the US and the state where the tickets were sold.

What did Edwin Castro spend his money on? ›

And luxury homes aren't the only thing Castro seems to be spending his money on. Apparently, he also got his hands on a sweet set of wheels. According to the New York Post, Castro has been spotted cruising in a $250,000 vintage Porsche 911.

How long does it take to receive lottery winnings in California? ›

The current processing time for error-free claims is 5 to 7 weeks. There are three ways to claim prizes $599 and under: visit a Lottery retailer, claim at a Lottery District Office or claim by mail. Option 1: Visit a Lottery Retailer Best Option!

How old is Edwin Castro? ›

The 31-year-old from Altadena, California, became an overnight multimillionaire − he missed the title of billionaire by less than $3 million − after his lottery ticket matched all five numbers plus the Powerball in the Nov. 7, 2022, record drawing for what was then a $1.9 billion prize.

What state has the most lottery winners? ›

New York state is home to the most Mega Millions jackpot winners, with 42 winning tickets sold in the Empire State. California follows with 36 winning tickets sold in-state. The more populated states correlate to selling more Mega Millions jackpot-winning tickets.

Is it better to take lump sum or annuity lottery? ›

If you want your winnings right away, you'll want to select the cash option, but if you want more money in the end, you may prefer the annuity option.

How much goes to taxes if I win $1 million dollars? ›

In practice, there is a 24 percent federal withholding of the gross prize, plus the remaining tax, based on your filing status. For example, if your gross prize is $1,000,000, you need to pay $334,072 in total taxes ($240,000 federal withholding, plus the remaining $94,072 for single filing status in 2021).

Who is the woman who won the billion dollar lottery? ›

Yanira Alvarez is the lucky woman who came forward with the winning ticket, which came from Las Palmitas Mini Market, downtown L.A. The winning numbers were 7, 10, 11, 13 and 24, with a Powerball of 24.

Who is the leader of the Alvarez empire? ›

The state of the current regime is a monarchy, formerly ruled and overseen by Emperor Spriggan and currently ruled and overseen by King Ajeel.

How much does California take from lottery winnings? ›

There are generally no California state taxes for Lottery prizes, but we are required to withhold federal taxes. With an annuity prize, payments are made based on a graduated or a straight payment structure. Who Receives the Interest Earned on this Prize Money?

Which president came up with income tax? ›

1862 - President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation's first income tax. It levied a 3 percent tax on incomes between $600 and $10,000 and a 5 percent tax on incomes of more than $10,000.

What is the lump sum for the $1 billion lottery? ›

The Powerball jackpot officially hit $1 billion on Monday, the game's fifth-largest grand prize. There are two payout options for the lucky winner: a lump sum of $483.8 million or an annuity worth $1 billion. Both are pretax estimates.

How much did California collect in taxes? ›

U.S. state government tax revenue FY 2022, by state

In the fiscal year of 2022, the state of California collected a total of 280.83 billion U.S. dollars in tax revenue, the highest of any state. New York collected the second highest amount of taxes in that year, coming in at 117.98 billion U.S. dollars.

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