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NRI Atwal’s store sold one of three winning tickets in the Powerball jackpot -World Record Jackpot of $1.586 Billion-
Franchisees of 7-Eleven--gets 50% only
Los Angeles, Jan 14, 2016
NRIpress,com/ NRIpress.club/Ramesh/Gary Singh
The Center, president & CEO of the Tennessee Lottery, Rebecca Hargrove said: One winner in Chino Hills, California, one winners in Tennessee and one winner in Florida claim their thirds of the unprecedented $1.6 billion Powerball jackpot. 
Three winners can take their third of $983.5 million in cash all at once or collect 30 annual payments totaling an estimated $533 million on the bases of investment. This jackpot was world-record jackpot overcame odds of 1 in 292.2 million to land on all the numbers: 4-8-19-27-34 and Powerball 10.
Hills’s 7-Eleven Store owner Balbir Atwal who sold one of three winning tickets in the $1.6 billion record Powerball jackpot, received $1 million check as shown above.
The three winners did not identify themselves, but in California it gives its winners a year and in Florida and Tennessee they must claim their winnings within six months. In Florida or Tennessee have no state income tax and California, exempts winnings from lottery tickets bought in-state. The three winner must pay $368 million each in federal income tax around 39.6%.
 Chino Hills is almost 30 miles east of Los Angeles and hundreds of people crowded into the 7-Eleven store, chanting "Chino Hills! Chino Hills!"
Along with 3 winners, there were eight $2 million Power Play winners and 73 $1 million winners nationwide who matched all five white balls (no red ball)
Balbir Atwal, who owns four stores in Southern California, immigrate from India in 198. He announced he would share his part of the store's bonus with employees and family, and give some to charity.
Since Nov. 4, Ticket sales and payouts had risen steadily as weeks came and went without a winner and the jackpot amount was reset at $40 million.
For Wednesday night's drawing alone, people were buying 37,000 Powerball tickets a minute in California and Powerball sales totaled $1,270,206,274. According to Russ Lopez spokesman, a big chunk $154 million of the profits go to schools.
MUSL- The Multi-State Lottery Association was formed in 1987 to run games "Lotto America". In 1992 the first "Powerball" drawing was held. Since then, "Powerball" has become the number one lottery game in the United States. All profits are retained by the individual lotteries and are used to fund projects approved by the legislature authorizing each lottery. The Multi-State Lottery Association (MUSL) is a non-profit, government-benefit association owned and operated by its member lotteries. Each MUSL member offers one or more of the games administered by MUSL.
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Franchisees of 7-Eleven--gets 50% only
NRIpress.Club/BS/GS
On Wednesday draw, one of the three winning tickets was sold by a 7-Eleven store, owned by a Punjabi Franchisee Balbir Atwal, in Chino Hills California.
Since Wednesday night hundreds of congratulatory messages have been sent to the winner from other Punjabi and non-Punjabi Franchisees . Everyone seems so excited for the winner from our community.
During the media questions and per other Franchisees, it was discovered that the winner is going to get only 50% or less of the winning award of $1,000,000.00 depending upon the Contract with the Franchisor. After Taxes the winner may end up just $300,000.00
This is the sad state of the Franchise Business in California, Franchisees who work day and night, 24 hours, are treated so unfairly by the big business.
- Politicians are turning a blind eye to the plight of small businesses who create 90% of the jobs in their neighborhoods, help the local sports teams etc. out of their 50% share left over after the Franchisor takes top 50%.
- Franchisors are big businesses of Wall Street, they take their share of money, out of the community and pay less or no taxes using creative methods available to the big businesses.
To add insult to the injury, the Franchisees come from immigrant communities with continuous in fighting among themselves. For example, in the State of California, out of about 1600 stores, about 70 to 80 % of the stores are operated by Punjabi and non-Punjabi NRIs.
- Unfortunately the NRIs are still operating with their Indian mindset while living in the USA.
Infighting and back biting is a standard practice, as a result Franchisors are so delighted to sell more stores, creating virtual slaves who are happy to be wiped by the master.
Franchising model in USA is a new version of Plantation model of the Southern States.
People are so mad but they don't speak up due to the fear of losing their business they purchased with hard earned money.
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