Lottery winners choose between receiving their winnings in an annuity - with payments over 30 years - or the more popular option, a single lump sum payment in a smaller amount. The odds of winning it were roughly one in 292.2 million, according to Powerball.
The prize had been growing for three months. lottery prizes ever, coming in as the sixth-largest ever. And, while it's not a bad haul for the investment in a $2 Powerball ticket, the latest jackpot doesn't quite crack the five-largest U.S. Wednesday's prize marked the seventh time since 2016 that a lottery jackpot has crossed the billion-dollar threshold.
In November 2022, the all-time record $2.04 billion Powerball jackpot sold a single winning ticket at a gas station in Altadena, California, just north of Los Angeles. It's actually the second time a single billion-dollar jackpot winner was sold in Los Angeles County in less than a year.
