"California's Powerball Billionaire Revealed as Second Jackpot Hits the Headlines"

1 min read
Source: New York Post
"California's Powerball Billionaire Revealed as Second Jackpot Hits the Headlines"
Photo: New York Post
TL;DR Summary

Yanira Alvarez, the winner of a $1.08 billion Powerball jackpot from July 2023, has finally been revealed after 8 months, marking the second billionaire winner in California within 2 weeks. The winning ticket was purchased at Las Palmitas Mini Market in Los Angeles, and Alvarez opted for a one-time payment of $558.1 million before federal taxes. This win, the third-largest in Powerball history at the time, follows another historic $1.765 billion jackpot claimed by Theodorus “Theo” Struyck in October. Both wins contribute to funding for public schools in California.

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