Sunday, October 27

Lottery winner scoops $1bn jackpot – third-biggest prize within the Powerball’s historical past

A Powerball participant has scooped a $1.08bn jackpot (£835bn) – with the life-changing quantity the third-biggest prize within the lottery’s historical past.

The profitable ticket for Wednesday evening’s draw was offered in Los Angeles at Las Palmitas Mini Market, Powerball mentioned.

It is the primary time the Powerball jackpot has been gained since April.

Final ticket gross sales pushed the jackpot past its earlier estimate of $1bn (£772bn) to $1.08bn (£835bn).

The ticket-holder – who must be named underneath California legislation – can select both the entire jackpot paid out in yearly increments or a $558.1m (£431m) one-time lump sum earlier than taxes.

The winning ticket for Wednesday night's $1bn jackpot draw was sold in Los Angeles at Las Palmitas Mini Market, Powerball said.
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The ticket was offered from Las Palmitas Mini Market in Los Angeles. Pic: Google Street View

In the previous, practically all winners have opted for the money lump sum.

The $1.08bn prize is the third largest Powerball win in historical past – and the sixth largest jackpot throughout all lotteries within the US.

The largest lottery wins in US historical past

  • 1) $2.04bn (£1.76bn) – Powerball – November 2022
  • 2) $1.6bn (£1.3bn) – Powerball – January 2016
  • 3) $1.54bn (£1.19bn) – Mega Millions – October 2018
  • 4) $1.35bn (£1.04bn) – Mega Millions – January 2023
  • 5) $1.335bn (£1.02bn) – Mega Millions – July 2022
  • 6) $1.08bn jackpot (£835bn) – Powerball – July 2023

Powerball’s largest jackpot – a whopping $2.04bn (£1.76bn) – was gained in November final yr, beating the earlier highest whole of $1.6bn (£1.3bn) in 2016.

The third, fourth and fifth largest prizes, throughout $1.5bn (£1.15bn), had been gained on one other lottery, the Mega Millions.

By comparability, the most important UK lottery win was a £195m scoop on the EuroMillions jackpot in July final yr.

Powerball is performed in 45 states, in addition to Washington DC, Puerto Rico and the US Virgin Islands.

Its abysmal odds of 1 in 292.2 million are designed to construct huge prizes that attracts extra gamers.

Content Source: information.sky.com