So, exactly how much do you net when you win a $1 million prize? You're about to find out.

First, congrats go out to Boyce, Louisiana's Glenn Feazell who just cashed in a $1 million winning ticket. This was from the June 23rd Powerball drawing.

The 75-year-old was drinking his morning coffee when he found out he matched the five white balls drawn, but not the Powerball.

Feazell and his wife Mary collected $710,000 after taxes were withheld Monday. The couple say they plan to use some of the money on a new vehicle and then they plan to give some to family members.

The winning ticket was sold at Hilgers Texaco in Lena. The store will receive a $10,000 bonus.