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July 20, 2016

Powerball Co-Winners to Donate Most of $528 Million Windfall

A California couple who came forward last week to claim a third of a nearly $1.6 billion Powerball drawing six months ago have pledged to give most of their winnings to charity, the Associated Press reports.

Marvin and Mae Acosta won their $528.8 million share of the record jackpot on a ticket they bought at a 7-Eleven in the Los Angeles suburb of Chino Hills. They opted to take a lump-sum payment totaling $327.8 million before federal taxes and said in a written statement that they will steer nearly all of the money to a trust and charities.

Lottery officials identified the Acostas on Tuesday as the third winners of the record Powerball jackpot. Couples from Tennessee and Florida claimed their prizes within days of the January 13 drawing.