Flanked by security, Marvin and Mae Acosta went to a state lottery office in Van Nuys on Friday to claim their share of a record USD 1.6 billion Powerball drawing in January, Alex Traverso, a California lottery spokesman, disclosed on Tuesday.
In a statement, the Acostas said they are dedicating nearly all of the prize money to a trust and charities. "We are thankful and blessed for the rare gift that has been placed in our care," they said.
Property records show a couple with the same names purchased a 5-bedroom home for USD 475,000 last fall in Eastvale, a Southern California community about 10 miles from the 7-Eleven where the winning ticket was purchased.
A neighbour said the couple who lived there had two children and moved out last Thursday, a day before the prize was claimed.
Public records showed that Marvin Acosta is 39 years old and Mae Acosta is 40.
Many Californians might have difficulty understanding why the couple would sit on such a mega-prize for so long. But that kind of studied preparation is exactly what state lottery officials recommend for winners to avoid falling prey to scams or mismanagement.
The Acostas will take their winnings in a cash option totaling USD 327.8 million before federal taxes, lottery officials said.
The Acostas bought their ticket six months ago at the convenience store in Chino Hills, California, a quiet community about 35 miles east of Los Angeles.
It was one of three winning tickets sold for the January 13 drawing. Winners in Florida and Tennessee came forward within days to claim their prize money.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
