A person in the US won the astronomical figure of 754.6 million dollars from the Powerball lottery
The award is the ninth largest in US history. The winner can choose to receive all the money together and in that case they would receive 407.2 million or in installments, which would be 29 annual payments
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An advertisement for the lottery Powerball in Renfrew, Pennsylvania on November 7, 2022. . (AP Photo /Keith Srakocic)
A person in Washington state won the Powerball lottery and will win $754.6 million. The winning numbers for the draw held on Monday were 05, 11, 22, 23, 69 and the additional Powerball 07.
Monday's winner was the first to match the numbers since 19 of November. Because it went so long without a winner, the award stacked up to become the ninth largest in US history.
Lottery officials said Tuesday that one ticket sold had all six of the correct numbers, and that the number of tickets sold was so high that the prize exceeded the previously estimated $747 million.
The winner can choose to receive all the money together and in that case they would receive 407.2 million. If the winner chooses to receive their prize in installments, it would be 29 successive annual payments that would increase by 5%.
Both amounts are before taxes, Powerball said.
The prize for the next Powerball, which will take place on Wednesday, is $20 million, according to the lottery's website.
Due to recent interest rate increases , annuities have been increasing compared to previous years. Most winners choose to receive the entire prize at once.
FILE PHOTO: A A customer buys a Powerball jackpot ticket at a newsstand in New York City, U.S., November 7, 2022. REUTERS/Brendan McDermid/File Photo
The minuscule odds of winning – one in 292.2 million – are designed to increase the loot and thus attract more buyers. The strategy recently worked, as a person in Maine won the Mega Millions jackpot for $1.35 billion in January and in December in California a person won the Powerball for a record $2.04 billion. So far no one has come forward to collect those two amounts.
Powerball is played in 45 states plus Washington, D.C., Puerto Rico, and the US Virgin Islands.
You only need two US dollars to play Powerball , the cost of each of your games.
Next, you have to choose five numbers between 1 and 69 for the white balls ; then pick a number between 1 and 26 for red.
If you can't decide which numbers to pick, don't worry, let the lottery terminal generate your random combination .
To win the Powerball jackpot, all six numbers in your combination have to match the results. However, you take a prize from your first guess, although the more numbers you get, the higher your prize will be.
Powerball prizes range from four dollars to several million dollars.
With information from AP