Powerball Jackpot: Wining Ticket For $1.6 Billion Sold In California
California Lottery officials announced that a jackpot Powerball ticket, with a prize of a whopping $1.6 billion, was sold in Chino Hills, California.Advertisement
Spokesman Alex Traverso said that the ticket was bought at a 7-Eleven in Chino Hills. The numbers – 4, 8, 19, 27, 34, and a Powerball of 10, according to Powerball’s website – were drawn Wednesday night. California Powerball announced the news via Twitter. “We have a winner in California! A jackpot-winning ticket was sold in Chino Hills. We’re still awaiting results from other states,” the announcement said. The winner has not been identified yet.
On Wednesday, lottery officials said the jackpot prize would have increased to $2 billion, the highest-recorded prize in history, if no one had the matching winning numbers, lottery officials said. Chicago Tribune reports Multi-State Lottery Association saying that they expected 85 percent of all number combinations would have been bought for the drawing.
The prize could be paid in annual installments over a period of 29 years. However, if the winner wants to take away a lump-sum amount, they would get $930 million. The remaining 39.6% goes as federal income taxes in addition to state taxes.
The jackpot prize reached $40 million on November 4; since then, the prize had been growing. The tickets can be bought in 44 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico.
As compared to last fall, when odds of winning the lottery were 1 in 175 million, this time, they have gone further down – 1 in 292.2 million. Scott A. Norris, assistant professor of mathematics at Southern Methodist University, said, “The odds are so large, that people don’t have any sense of what they mean.”
Such large jackpot prize has enticed previous lottery winners as well. Laurie Finkelstein-Reader, a real estate agent from Florida who won $1 million along with co-workers three years ago, is hoping to win again this time. “I believe lightning strikes as many times as your karma allows,” Finkelstein-Reader said, NBC News reports.