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There is a winner! Ticket holder wins $2.04 billion lottery jackpot

The winner will receive only 930 million after taxes and fees if he decides to collect his prize immediately, but if it is paid in annual installments over 29 years, he could collect it in full

November 8, 2022 5:32pm

Updated: November 8, 2022 8:00pm

A lucky California Powerball lottery player purchased the winning ticket at Joe's Service Center in Altadena, California. The single winning ticket in the $2.04 billion drawing carries the highest prize in history, the game's website announced on Tuesday.

The lucky ticket holder, whose identity has not been disclosed, can choose between a lump sum of $997.6 million in cash or receiving the full amount in 29 annual payments.

The odds of matching the six drawing numbers 10, 33, 41, 47, 56 and the Powerball number 10 were 1 in 292.2 million.

The Powerball jackpot, a lottery played in all U.S. states and territories, had risen to unprecedented numbers in the last two draws because no one was lucky enough to match all five numbers and the extra "ball."

This draw has been special, since the draw was to be held on Monday night but a technical failure in one of the states forced it to be delayed until this morning, increasing the jackpot to more than 2,000 million in just a few hours.

The last time someone matched all six Powerball numbers was on Aug. 3, when a lucky person who bought a ticket in Pennsylvania walked away with $206.9 million, but its historic jackpot before that was in 2016 when three winners in California, Florida, and Tennessee split $1.586 billion.