Fla. Lottery Announces Winner of Record Powerball Jackpot

12:39 PM, Jun 5, 2013   |    comments
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Zephyrhills, Florida (WTSP) --The winner of a record $590.5 million Powerball jackpot has come forward.

The Florida Lottery will hold a 2 p.m. press conference to announce the winner. 10 News will stream the press conference live on wtsp.com.

The winning ticket was purchased last month from a Publix grocery store in Zephyrhills.

Within 60 days, the winner will have to decide whether to take 30 annual payments that would total the full $590.5 million, or receive one lump cash payment, which amounts to $370 million. According to Mike Purcell, the Tampa District Manager with the Florida Lottery, a 25 percent tax rate will also be taken from the $370 million.

The winning ticket is the biggest single-ticket payout in American lottery history.

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