A Powerball player in California hit the jackpot last night, winning $1.08 billion, the third-largest take of its type in history. The single ticket was purchased at the Las Palmitas Mini Market in Los Angeles, which also turns out to be one the best places in the country to actually win the lottery. The prize is subject to 37% federal income taxes as well as state and local taxes depending on the location of the winner. California may have some of the highest personal income taxes in the country, but it’s one of the few states that doesn’t tax lottery wins. New York by contrast is one of the worst places to be a ... (full story)