


A Powerball player in California ended up winning the third biggest jackpot of all time on Wednesday night, earning $1.08 billion.
The winner can choose between an annuitized prize of $1.08 billion, or receive an immediate payment of $558.1 million, with both options being before taxes are taken into effect. The annuitized option will give the winner one immediate payment followed by 29 yearly payments that increase by 5% each year.
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“Congratulations to our newest Powerball jackpot winner and the California Lottery!” said Drew Svitko, Powerball Product Group chair and Pennsylvania Lottery executive director. “For more than 30 years, Powerball has brought people together to dream big and win big, and in doing so, has raised billions of dollars for good causes supported by lotteries. A portion of every Powerball ticket sold during this jackpot run will go toward furthering that legacy of supporting public programs and services in your community.”
The winning numbers of this ticket were white balls 7, 10, 11, 13, 24 and red Powerball 24. The Power Play multiplier was 2X.
The biggest Powerball winner was just last year on Nov. 9, and is the only Powerball ticket worth over $2 billion. The other biggest Powerball tickets include $1.58 billion in January 2016, $768.4 million in March 2019, and $758.7 million in August 2017.
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The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
The state of Pennsylvania is where the most winning Powerball jackpot tickets have been located, with 18 in the state so far. In second place is Florida with 16, and in third is a three-way tie between California, Indiana, and New York with 12, according to Wane.