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LOTTERY NEWS

$2 Billion Powerball Winner Buys $25 Million Mansion

The lucky winner of the two-billion-dollar Powerball jackpot has already begun to make use of his new fortune and acquiring a luxurious mansion in LA.

Estados Unidos
Ganador de Powerball compra lujosa mansión de 25 millones de dólares
Simon Berlyn

Last November, Powerball gave out the $2 billion mega jackpot to one lucky winner from California. His name is Edwin Castro and he recently caused a stir by beginning to make use of his new nearly billion-dollar fortune thanks to the lottery prize, which ended up being $997.5 million after taxes.

According to reports in various Californian media, including the Los Angeles Times, Castro invested a fraction of the total Powerball prize to make his first big purchase, a luxurious mansion in the Hollywood Hills, an area where some of the most prominent celebrities often have exclusive residences.

Edwin Castro acquired the luxurious mansion for $25.5 million dollars and according to reports by Zillow, the Powerball winner acquired it last 1 March after an agreement reached with a limited liability company, which handled all the details for the purchase of the mansion.

This is the new and luxurious mansion of the Powerball winner

Dirt, which reports on luxury real estate news, details that the construction of this mansion was carried out in 2022 by Roman James Design, a company dedicated to the construction of luxury real estate.

The Powerball winner’s mansion consists of three floors, and a large garden on the roof, in addition to having five bedrooms, six bathrooms, a sauna, steam room, gym, cinema room, games room, spa, pool and two kitchens, one of them outdoors.

Likewise, the luxury house has two garages, which can store up to six cars.

How did Edwin Castro win the Powerball prize?

It was last November 8th when lottery officials announced that a ticket sold at a gas station in Altadena, was the winner of the massive jackpot of 2 billion dollars.

That ticket belonged to Edwin Castro, who purchased the ticket on November 5, but waited until 14 February to claim his prize and told California officials that he wished to remain anonymous. However, California state law requires that the name of winners must become public.