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International Business Times UK

Business

Niloy Chakrabarti

California's $1.2B Lottery Winner Opts for $571M Payout—Here's Why That was a Brilliant Money Move

Rosemary Casarotti California California Lottery the California Lottery

Lottery winnings generally attract both federal and state income taxes.

The California Lottery revealed that Rosemary Casarotti won the £974.83 million ($1.26 billion) Mega Millions jackpot from the 27th December drawing. The winning numbers were 3,7, 37, 49, and 55 for the white balls and 6 for the gold Mega Ball.

Casarotti bought the winning ticket at a Sunshine Food and Gas Circle K location in Cottonwood, California. The jackpot grew over 31 drawings, and she reportedly won the fifth-largest jackpot in the lottery's history.

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