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Californian Wins $1.73 Billion Powerball Jackpot

October 12, 2023
in News
Californian Wins $1.73 Billion Powerball Jackpot
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A player in California won a $1.73 billion Powerball jackpot Wednesday night, ending a long stretch without a winner of the top prize.

The winning numbers were: 22, 24, 40, 52, 64 and the Powerball 10.

Before someone won the giant prize, there had been 35 consecutive drawings without a big winner, stretching back to July 19 when a player in California matched all six numbers and won $1.08 billion.

The jackpot is the world’s second-largest lottery prize after rolling over for 36 consecutive drawings, since the last time someone won the top prize on July 19. That streak trails the record of 41 draws set in 2021 and 2022.

The only top prize that was ever bigger was the $2.04 billion Powerball won by a player in California last November.

Powerball’s terrible odds of 1 in 292.2 million are designed to generate big jackpots, with prizes becoming ever larger as they repeatedly roll over when no one wins. And wins in recent months have been few and far between.

Read More: The Problem With Massive Lottery Jackpots

That didn’t bother those eager to plunk down their money on Wednesday for a long-shot chance at instant wealth.

Robert Salvato Jr., a 60-year-old electrician, bought 40 Powerball tickets at a hardware store in Billerica, Massachusetts.

“I would take care of family and give my cat that extra leg that she needs and make her a good kitty,” said Salvato, who got married on Saturday.

“I could give her a ring on every finger, I guess,” Salvato said of his new wife.

Nevada is among the five states without Powerball, so friends Tamara Carter and Denise Davis drove from Las Vegas across the state line into California to buy tickets. But the line was so long at their first stop that they gave up and went in search of another store.

“The line was about three hours long,” Carter estimated. “I was waiting for maybe a half hour, and it didn’t move.”

Read More: How the Mega Millions Is Designed to Spark ‘Lottery Fever’

The jackpot has grown enormous due to a long dry spell. The previous winning Powerball ticket was sold on July 19, and it was worth $1.08 billion after 39 drawings without a jackpot win.

At the same hardware store as Salvato, Kevin Button seemed to understand the long odds as he bought a ticket.

“I only buy them usually when the jackpot’s high,” Button said. “Seems to have been pretty high quite often lately. So I’ve tried quite a few times and haven’t even won a free ticket. But maybe tonight’s the night.”

In most states, a Powerball ticket costs $2 and players can select their own numbers or leave that task to a computer.

The $1.73 billion jackpot is for a sole winner who opts for payment through an annuity, doled out over 30 years. Winners almost always take the cash option, which for Wednesday night’s drawing is estimated at $756.6 million.

Read More: How Winning the Lottery Actually Makes You Miserable

Winnings would be subject to federal taxes, and many states also tax lottery winnings.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Time – https://time.com/6322917/powerball-lottery-jackpot-winner-2/

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