A ticket sold in Oregon has won the $1.33 billion Powerball jackpot

A ticket sold in Oregon has won the $1.33 billion Powerball jackpot.

Powerball Drawings are held 3 times per week at approximately 10:59 p.m. ET every Monday, Wednesday, & Saturday.

How much is a Powerball ticket

A single Powerball ticket costs $2. Tickets are readily available in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Alabama, Alaska, Hawaii, Nevada, and Utah don’t participate in Powerball.

How late can you buy a Powerball ticket

Different states pause Powerball ticket sales at different times. In most states, the Powerball cut-off time is an hour before the drawing. Check with your local lottery to ensure you don’t miss out on a chance to play.

Powerball prize today

Lottery jackpots are gaining a reputation for their enormous payouts, which often make the news. For instance, today’s estimated Powerball jackpot is $1.3 billion. The advertised cash value of the jackpot changes with each draw, which adds to the excitement of the game.

Powerball drew the numbers early Sunday morning for an estimated $1.3 billion jackpot after a delay of more than three hours.

The numbers drawn were: 22, 27, 44, 52, 69 and the red Powerball 9.

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Next Powerball draw

Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, and overseen by the Multi-gState Lottery Association (MUSL), which also manages other large jackpot games such as the Mega Millions. Drawings are held three times weekly on Mondays, Wednesdays, and Saturdays at 10:59 p.m. Eastern Time, at the Florida Lottery’sheadquarters in Tallahassee.

the winning numbers

The winning numbers are made up of five “white balls” from a matrix of 69 and one “Powerball” from a matrix of 26, resulting in jackpot odds of 1 in 292,201,338 per play.

Powerball play

Each play costs two dollars, but players in some states can add Power Play, which allows players to increase the payout of their winning numbers, or Double Play, which allows players to use their numbers in a second, concurrent drawing with a different prize pool, each for an additional dollar. The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier.

Powerball Jackopt

Powerball’s minimum jackpot starts at $20 million annuity. Powerball jackpot winners have the choice of taking the annuity or lump sum cash prize.

Powerball Today

The annuity is paid in 30 graduated installments over 29 years with each annuity payment increasing 5% annually, whereas the lump sum payment, with a cash value of about half of the advertised jackpot, is paid all at once.[6]
Powerball is known for producing some of the largest lottery jackpots in history, including the record-breaking $2.1 billion jackpot won by a ticket purchased in Altadena, California, in 2022.

ticket price

Over time, the size of jackpots has increased because of the higher ticket price, the larger number of states participating, and the reduced odds of winning.

jackpot amount

Because the quoted jackpot amount is an annuity of 30 graduated annual payments, its cash value relative to the annuity fluctuates. The actual ratio depends on projected interest rates and other factors. MUSL starts with the cash value, built from a percentage of sales, and then calculates the advertised jackpot amount from that value, based on the average costs of the three best securities bids.

Powerball Federal withholdings

On December 25, 2002, the president of a construction firm in Putnam County, West Virginia, won $314.9 million ($533 million today), then a new record for a single ticket in an American lottery. The winner chose the cash option of $170 million, receiving approximately $83 million after West Virginia and Federal withholdings.[60]
On October 19, 2005, a family from Jacksonville, Oregon, won $340 million ($530 million today).

Powerball Cash payout

The winners chose the cash payout of $164.4 million (before withholdings), smaller than a previous winners cash payout in 2002 due to a then-recent change in the annuity structure.
A jackpot of $365 million ($552 million today) was won on February 18, 2006, by one ticket in Nebraska. It was shared by eight people who worked at a meatpacking plant.

powerball cash option

The group chose the cash option of approximately $177.3 million, before withholdings.
On August 25, 2007, a jackpot worth $314 million ($461 million today) was won by a retired auto worker from Ohio; that ticket was bought in Richmond, Indiana, a community that had previously sold a jackpot-winning ticket of over $200 million.

Powerball prize

In November 2011, three Greenwich, Connecticut, financial executives shared a jackpot of $254.2 million ($344 million today), the largest prize on a Connecticut-bought ticket. Choosing the cash option, the men split nearly $104 million after withholdings. The jackpot, at the time, was the 12th largest in Powerball history.[64]
On May 18, 2013, the world’s largest one-ticket jackpot at the time, an annuity of approximately $590.5 million ($772 million today), was won by a Powerball ticket sold in Zephyrhills, Florida.[65] On June 5, Florida Lottery officials announced the winner who purchased the “quick pick” ticket at a Publix supermarket.

Powerball Tax

The winner chose the cash option of approximately $370.8 million, before Federal withholding; Florida does not have a state income tax.

Powerball Lottery jackpot

On January 13, 2016, the world’s largest lottery jackpot at the time, an annuity of approximately $1.586 billion was split among three Powerball tickets in Chino Hills, California, Melbourne Beach, Florida, and Munford, Tennessee, each worth $528.8 million.

Withholdings

Since there is no income tax in Florida or Tennessee (and California does not tax lottery winnings), the cash option after Federal withholdings is $187.2 million each.

Powerball Ticket

On August 23, 2017, the owner of a Powerball ticket sold in Chicopee, Massachusetts, won more than $750 million, one of the largest prizes in the lottery’s history.

A mother of two from Massachusetts was the lucky winner.
On March 27, 2019, a single ticket purchased in Wisconsin was the only winner of a $768.4 million ($477 million cash) Powerball jackpot, the third largest in U.S. lottery history. The winner of the enormous prize was identified as a 24-year-old Wisconsin man.

Powerball Single ticket

On November 8, 2022, a single ticket purchased in Altadena, California, was the only winner of a $2.04 billion Powerball jackpot, the largest in U.S. lottery history.

The prize was claimed on February 14, 2023. The winner was revealed as Edwin Castro. He opted to collect his prize as a lump sum payment of $997.6 million.

Powerball Reward

He purchased his ticket at Joe’s Service Center in Altadena, which received a $1 million reward from the Powerball operator for selling the winning ticket.
On July 19, 2023, a single ticket purchased in Los Angeles, California, was the only winner of a $1.08 billion ($558.1 million cash) Powerball jackpot.

Powerball Draws

On October 11, 2023, a single ticket purchased in Frazier Park, California, was the only winner of a $1.76 billion ($774.1 million cash) Powerball jackpot, the second-largest in U.S lottery history.

Powerball Drawing

The Powerball drawing on March 30, 2005, produced 110 second-prize winners. The total payout to these winners was $19.4 million, with 89 winners receiving $100,000 each, while the other 21 winners received $500,000 each as they were Power Play selections.

Powerball Played numbers

MUSL officials initially suspected fraud or a reporting error. However, all 110 winners had played numbers from fortune cookies made by Wonton Food Inc. of Long Island City, New York. The factory had printed the numbers “22, 28, 32, 33, 39, 40” on thousands of fortunes. The “40” in the fortune did not match the Powerball number, 42. No employees of Wonton Food played those numbers. At the time, the closest game member was Connecticut.[79] Because the ticket holders had won as result of a coincidence rather than foul play, the payouts were made.

Powerball Numbers

Had the fortune cookie given 42 as the Powerball number, these winners would have shared the $25 million jackpot: each $227,272 annuity or $122,727 cash (before withholdings).

A ticket sold in Oregon has won the $1.33 billion Powerball jackpot.