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HomeFinanceOregon Powerball participant wins $1.3 billion jackpot, beating odds of 1 in...

Oregon Powerball participant wins $1.3 billion jackpot, beating odds of 1 in 292 million

A Powerball participant in Oregon received a jackpot value greater than $1.3 billion on Sunday, ending a winless streak that had stretched greater than three months.

The one ticket — revealed following a delay of greater than three hours to the drawing — matched all six numbers drawn to win the jackpot value $1.326 billion, Powerball mentioned in a press release.

The jackpot has a money worth of $621 million if the winner chooses to take a lump sum reasonably than an annuity paid over 30 years, with an instantaneous payout adopted by 29 annual installments. The prize is topic to federal taxes, whereas many states additionally tax lottery winnings.

The successful numbers drawn early Sunday morning had been: 22, 27, 44, 52, 69 and the pink Powerball 9.

Till the most recent drawing, nobody had received Powerball’s prime prize since New Yr’s Day, amounting to 41 consecutive drawings with out a jackpot winner, tying a streak set twice earlier than in 2022 and 2021.

The $1.326 billion prize ranks because the eighth largest in U.S. lottery historical past. Because the prizes develop, the drawings appeal to extra ticket gross sales and the jackpots subsequently turn out to be tougher to hit. The sport’s lengthy odds for the weekend drawing had been 1 in 292.2 million.

Saturday evening’s scheduled drawing was held up and occurred within the Florida Lottery studio simply earlier than 2:30 a.m. Sunday to allow one of many organizers to finish required procedures earlier than the scheduled time of 10:59 p.m., Powerball mentioned in a press release.

“Powerball recreation guidelines require that each single ticket bought nationwide be checked and verified towards two totally different laptop techniques earlier than the successful numbers are drawn,” the assertion mentioned. “That is executed to make sure that each ticket bought for the Powerball drawing has been accounted for and has an equal probability to win. Tonight, now we have one jurisdiction that wants additional time to finish that pre-draw course of.”

Powerball is performed in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Powerball officers didn’t instantly say the place the verification concern occurred.

It’s the second time a delay occurred within the drawing for an enormous Powerball jackpot prior to now 17 months.

In November 2022, the Powerball drawing for a file $2.04 billion, received by a single ticket bought in southern California, was pushed again by almost 10 hours. The Minnesota Lottery introduced later that there was a technical concern with its two-tiered verification course of, which is operated by exterior distributors.

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