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Good Day LA kids say what they would do if they won a billion dollars [PREVIOUS COVERAGE]
Here's how the kids would spend the money.
RIVERSIDE COUNTY, Calif. - Feeling lucky? Someone in California may be $340,000 richer after Wednesday's Powerball lottery drawing.
According to California Lottery's website late Wednesday night, a ticket worth $346,728 was sold at a State Bros. on Ramon Road in Cathedral City.
The news comes as the following were the winning numbers for the then-jackpot of $20 million, which apparently no one got:
19, 30, 31, 61, 62. PB: 21.
The drawing for the new jackpot of $34 million will be had Saturday, June 15 at 8 p.m. PT.
HOW MUCH DO YOU WIN AFTER TAXES?
There are 34 million reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed.
So how much do you really get after taxes?
It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?
According to Powerball's website, those electing to take the annuity option get one immediate payment followed by 29 annual payments.
RELATED: Powerball payout calculator: How much would you get after taxes if you won?