A ticket purchased in the Dallas County town of Redfield split Saturday night’s $687 million Powerball jackpot with a ticket in New York. It is the largest lottery prize ever won in Iowa and is one of the largest lottery prizes ever offered in the world.
Iowa’s jackpot-winning ticket was purchased at the Casey’s at 425 Second St. in Redfield. The lucky winner splits with the New Yorker the big jackpot of about an $687.8 million annuity or $396.2 million lump-sum option.
Casey’s will receive a $10,000 bonus from the Iowa Lottery for selling the jackpot winning ticket at one of its stores.
Iowa has now had nine Powerball jackpot winners.
Powerball jackpot winners can choose to receive their prizes in annuitized payments over time or as a one-time, lump-sum payment. The New York and Iowa winners do not have to choose the same option. Each will receive half of the jackpot, which breaks down to a $343.9 million 30-year annuity or $198.1 million lump-sum option for each.
