$842 million Powerball jackpot winners in Michigan revealed as 'The Breakfast Club'
Who are the members of "The Breakfast Club" that won the $842 million Powerball jackpot in Michigan?
The members of "The Breakfast Club" who won the $842 million Powerball jackpot in Michigan have chosen to remain anonymous. Their attorney, Mark Harder, represented the group during the announcement of their win.
What payment option did "The Breakfast Club" choose for collecting their lottery winnings?
"The Breakfast Club" chose to collect their lottery winnings as a one-time cash payment. This decision resulted in them receiving about $305 million after taxes, from the original $425 million pre-tax value of the one-time cash payment option. This choice allowed the group to have immediate access to their winnings, which they planned to use for early retirement, travel, and sharing their fortune with family and nonprofits.
How much money did "The Breakfast Club" members take home after taxes from their Powerball winnings?
"The Breakfast Club" members took home about $305 million after taxes from their Powerball winnings1. They collected their winnings from the New Year's Day jackpot as a one-time cash payment worth $425 million pre-tax.