In November 2022, the Powerball jackpot of $2.04 billion was won from a ticket that was purchased in Altadena, CA  by a gentleman named Edwin Castro. The interesting development here is that Castro opted out of the annuity payment plan and instead decided to take a lump sum, which was less. In fact, it was much less, as it amounted to $997.6 million, which was the figure before taxes.