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“Record-Breaking Powerball Jackpot: $1.08 Billion Won in Los Angeles!”

$1 billion Powerball ticket sold in California

The article reports that a single Powerball ticket sold in Los Angeles has matched all six numbers for a massive $1.08 billion jackpot, making it one of the largest prizes in the game’s history. The winning numbers are 7, 13, 10, 24, 11, and the Powerball is 24. The lucky winner has the option to choose between an annuitized prize paid out over 29 years or a lump-sum payment of $558.1 million, both before taxes. The winning ticket was sold at Las Palmitas Mini Market in downtown Los Angeles, and the store will receive nearly $1 million for selling the ticket.

The article also mentions that the jackpot is the third-largest in Powerball history and the sixth-largest in US lottery history. In California, winners have one year to claim their prizes and 60 days after validation to choose their payout option. The article highlights the significant contribution the lottery has made to public schools, raising nearly $80 million from this single game alone.

Despite the jackpot winner, other players are encouraged to check their tickets, as there were 36 tickets sold across 16 states that matched all five white balls, resulting in $1 million prizes for each. The odds of winning the jackpot were 1 in 292.2 million. Additionally, the Mega Millions drawing is set to take place, offering an estimated annuitized jackpot of $720 million.

Overall, this article discusses the excitement surrounding the massive Powerball jackpot win, the potential choices for the winner, and the positive impact on public schools from the lottery’s revenue.

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