The largest lottery jackpot to date, a Powerball drawing, was won on Nov. 7, 2022. The ticket was sold at Joe’s Service Center in Altadena, Calif., just north of Pasadena. The Powerball jackpot for Monday rose to an estimated $638 million with a money alternative of $304.two million, according to powerball.com. The grand prize, powerball drawing which has an estimated money value of $643.7 million, ballooned even further above the $1 billion mark following no ticket matched all six numbers drawn on Wednesday evening. Prizes worth up to and like $600 can typically be claimed from an authorized ticket retailer, but you should really double check with your store first.

CLEVELAND — While nobody won the $125 million Powerball jackpot in the lottery drawing for Saturday, Oct. 28, 2023, there were nonetheless plenty of folks who won smaller prize amounts all through Ohio. A lottery jackpot has crossed the $1 billion-dollar mark just nine instances. Seven of these billion-dollar jackpots occurred due to the fact January 2021, generating it clear massive lottery jackpots are becoming more popular. She says anybody who finds themselves abruptly wealthy should really place together a group of pros, such as an lawyer, accountant and financial planner. Among other choices, these experts can support you weigh the lottery payout selections. Each the annuity alternative and the money option have their pros and cons, she says.

According to a press release from the lottery, a single ticket sold in Michigan matched all six numbers in the Monday evening drawing. The prize was worth an estimated $842.four million with a cash worth of $425.two million, the fifth biggest in Powerball history. The Powerball annuity is paid in 30 graduated payments more than 29 years. When Powerball announces the estimated jackpot size just before a drawing, they also involve the size of the cash solution.

In significantly less than a month, the Powerball jackpot jumped from $20 million to $196 million. And a $2 lottery ticket could make you a multimillionaire. The Powerball will hold its next drawing on Saturday at 11 p.m.

Considering the fact that then, there have been 27 consecutive drawings with no a jackpot winner. The Wednesday, Dec. 27 drawing developed additional than 1.6 million winning tickets across the country, such as a ticket in California that matched all five white balls to win a $1 million prize. One other ticket, sold in Texas, matched all 5 white balls and won a $2 million prize by including Powerball drawing the Power Play prize multiplier function. Even though the game highlights the $835 million prize, that is for a winner who is paid by means of an annuity more than 30 years. Winners just about always opt for the cash payout alternative, which for the subsequent drawing Wednesday night will be an estimated $390.4 million.

Prizes of $250,000 or much more, with the exception of POWERBALL and MEGA MILLIONS prizes ranging up to $1 million, ought to be claimed at Florida Lottery Headquarters in Tallahassee. Florida Lottery tickets may perhaps also be mailed to Lottery Headquarters for redemption nevertheless, the threat of mailing tickets remains with the player. If a jackpot or top prize winner dies just before getting all annual installments, the balance of the prize will be paid to the winner's estate. Upon receipt of a court order, annual prize payments will continue to be paid to the winner's heirs. POWERBALL® and MEGA MILLIONS® jackpot annual payments may possibly be cashed out by the winner's estate.

The winner will also require to strategy for looming tax law alterations slated for 2026 when provisions sunset from former President Donald Trump's signature tax overhaul. Hoosier Lottery officials say a potentially life-changing ticket is set to expire in significantly less than two weeks. But most income advisers tell new winners to wait and seek advice from with financial specialists before coming forward, to stay clear of poor revenue management choices and the influx of acquaintances asking for a piece. WASHINGTON — One particular particular person is starting off 2024 with hundreds of millions of dollars, following winning the Powerball on New Year's Day. Cheeks is suing for breach of contract and negligence, amongst additional counts, claiming he is entitled to the entirety of the Powerball prize or to damages for the defendants’ gross negligence.

All prizes have to be claimed inside 180 days of the drawing date. Each work has been produced to make sure that this list of winning numbers and corresponding winning data are correct. On the other hand, in the event of an error, the official files of the Louisiana Lottery shall be controlling. Donald Lawson from Lapeer became Michigan’s largest Powerball winner on August 15, 2012 when he landed a jackpot of $337 million.

A ticket purchased in Wisconsin matched five for a $1 million prize. The Powerball jackpot for Wednesday rose to an estimated $228 million with a money selection of $112.6 million, according to powerball.com. A single ticket from Michigan matched all six numbers to win the Powerball jackpot worth $842.4 million. The jackpot has a cash worth of $425.two million, according to powerball.com.