Current:Home > MyPoinbank Exchange|One winning ticket sold for $1.08 billion Powerball jackpot - in Los Angeles -ProfitLogic
Poinbank Exchange|One winning ticket sold for $1.08 billion Powerball jackpot - in Los Angeles
Surpassing Quant Think Tank Center View
Date:2025-04-10 11:42:06
One winning ticket was sold in Los Angeles for Wednesday night's estimated $1.08 billion Powerball jackpot,Poinbank Exchange lottery officials said. The mystery winner hadn't stepped forward to cash in the ticket and has a year to claim the massive windfall, officials said Thursday morning.
"They have to claim their prize, and then we have to spend time vetting the winner to make sure it is the right person," California Lottery spokesperson Carolyn Becker said during a news conference. "Integrity and transparency are incredibly important to us, so we will probably not know for months and months."
The winning numbers were 7, 10, 11, 13 and 24, with a Powerball of 24.
The ticket was purchased at the Las Palmitas Mini Market in downtown LA, CBS News Los Angeles reports. When the winner comes forward, their name will become public, Becker told reporters. People don't have to live in California or be U.S. residents to be eligible to win, she said.
"We don't know if that person lives here locally, if it's a group, if they were passing by," Becker said. "... This person could quite literally be anywhere."
The family who owns the store that sold the winning ticket was presented with a bonus check for a million dollars Thursday.
What do you do if you win Powerball?
The winner will get to pick either a lump sum payment of $558.1 million or an annuity for the $1.08 billion. Both figures are before taxes. Late ticket sales propelled the jackpot past its earlier estimate of $1 billion.
Whoever the winner is, Becker advised them to sign the back of the ticket and put it in a safe place.
"If you discover you're hanging onto a piece of paper like that, a winning ticket, particularly worth this kind of money, you're going to want to keep it in the most safe place possible," she said. "The winning Powerball ticket is the key to claiming that prize."
Experts told CBS MoneyWatch that people who suddenly come into a lot of money should go through a "cooling-off period" and not rush to make big financial decisions.
Wednesday's Powerball drawing had more than 4.8 million winning tickets overall and lower-tier cash prizes worth $85.1 million.
It was the second time in eight months that a $1 billion Powerball ticket was sold in Los Angeles County, CBS News Los Angeles points out. In November, a lucky man at Joe's Service Center in Altadena correctly guessed the numbers accompanying the world-record Powerball jackpot of $2.04 billion.
The jackpot had been swelling since April 19, when a ticket bought in Ohio won a $252.6 million jackpot. Before Wednesday night's drawing, no one had matched the five white balls and red Powerball in the past 38 chances to win.
The $1.08 billion grand prize is the third largest in the game's history since it started in 1992. In 2016, the game's second-largest grand prize of $1.586 billion was split among winners in California, Florida and Tennessee.
Earlier this year, a ticket sold in Washington state won a $754.6 million jackpot, the game's sixth largest.
Wednesday night's pot of gold was the sixth largest in U.S. lottery history.
The odds of winning the Powerball jackpot are 1 in 292.2 million.
In Mega Millions, an estimated $720 million jackpot is up for grabs Friday night after no one matched all six numbers in Tuesday night's drawing. Those winning numbers were 19, 22, 31, 37, 54 with a Mega Ball of 18.
If someone wins Friday night, the cash option would be an estimated $369.6 million. The odds of winning the Mega Millions jackpot are 1 in 302,575,350.
The two jumbo-sized jackpots spurred some people to pool their money and buy tickets by the dozen in the hopes of winning big.
In Southern California, a woman bought 50 lottery tickets on Tuesday at a 7-Eleven for her and her co-workers, CBS News Los Angeles reported.
"I already told them today: If I win tonight, I'm not even coming in, for sure, they know," the woman told the station. "My boss is in on this with me."
Powerball tickets cost $2 each and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Powerball drawings are held every Monday, Wednesday and Saturday at 10:59 p.m. ET.
-- Brian Dakss contributed to this report.
- In:
- Mega Millions
- Powerball
- Lottery
Alex Sundby is a senior editor for CBSNews.com
TwitterveryGood! (25)
Related
- Trump wants to turn the clock on daylight saving time
- Military service academies see drop in reported sexual assaults after alarming surge
- A Malibu wildfire prompts evacuation orders and warnings for 20,000, including Dick Van Dyke, Cher
- Woman fired from Little India massage parlour arrested for smashing store's glass door
- Former longtime South Carolina congressman John Spratt dies at 82
- Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan
- When fire threatened a California university, the school says it knew what to do
- The best tech gifts, gadgets for the holidays featured on 'The Today Show'
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Ranking
- Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
- Philippines' VP Sara Duterte a no
- 'We are all angry': Syrian doctor describes bodies from prisons showing torture
- Orcas are hunting whale sharks. Is there anything they can't take down?
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Krispy Kreme's 'Day of the Dozens' offers 12 free doughnuts with purchase: When to get the deal
- OCBC chief Helen Wong joins Ho Ching, Jenny Lee on Forbes' 100 most powerful women list
- How to watch the Geminid meteor shower this weekend
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
'Wicked' sing
Rooftop Solar Keeps Getting More Accessible Across Incomes. Here’s Why
When fire threatened a California university, the school says it knew what to do
Trump's 'stop
Arizona city sues federal government over PFAS contamination at Air Force base
Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan
Social media platform Bluesky nearing 25 million users in continued post