California ticket holder wins $2bn jackpot in biggest lottery payout ever | American news

The $2.04bn Powerball jackpot has won the largest lottery prize in history.

American Lottery Official website On Tuesday, a ticket holder in California who showed up matched the winning numbers, hours after the early Tuesday drawing, which was hit by a delay.

The announcement ended a frenzy across the United States as people from states that do not participate in the Powerball lottery flocked to buy tickets for the historic jackpot.

Officials have not identified the newly minted billionaire winner, which is almost $400m bigger than the previous record jackpot. Officials added that a Joe’s service center in Altadena, California, about five miles (8 km) north of Pasadena, sold the winning ticket.

For selling the winning ticket, business owner Joe Chahet will receive a $1 million bonus prize from Powerball.

Only four previous Powerball jackpots have reached $1bn. No one came close to Tuesday’s prize, which started at $20m on August 6 – and now it’s back to $20m for the next drawing on Wednesday.

Tuesday’s jackpot winner can choose to receive Full gift paid by annuity over 29 years or lump sum paid immediately. Winners often choose the lump sum, which is $997.6m for Tuesday’s jackpot.

All winnings are subject to federal taxes, reducing payouts by more than one-third, and many states additionally tax lottery winnings.

First Last Powerball giveaway There were 40 drawings without a winner on August 3 – Builds a record According to the Iowa-based Multi-State Lottery Association, formed last year, which administers Powerball.

To win the first prize, players must buy a $2 ticket and match five white balls and one red Powerball. The odds of doing so are 1 in 292m, meaning that it is not unusual for anyone to win the prize unless the growing jackpot attracts a large number of players.

Millions of Americans have bought tickets as the jackpot has soared in several draws over the past month. Enough tickets were sold for Saturday’s unbeaten $1.6bn, covering 62% of the 292.2 million possible number combinations.

The Powerball draw, which was released on Tuesday, was delayed from Monday due to problems processing participating lottery ticket sales. Officials have not disclosed which lotteries are participating, citing a policy against doing so. Winning numbers are 10-33-41-47-56, and Powerball is 10.

Powerball is played in 45 states, Washington DC, Puerto Rico and the US Virgin Islands. According to the California Lottery, the security requirements are “All 48 must meet [participating] Lotteries before a drawing occurs”.

A late draw Performed early Tuesday morning “Under the supervision of lottery security officials and independent auditors,” the California Lottery said.

The record-breaking Powerball jackpot is separate from the $1.334bn Mega Millions lottery prize claimed in September.

The Associated Press contributed to this report

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