5th October, 2021
A Californian has won the $700million Powerball jackpot with a single ticket bought at $2.
The winner emerged in Monday night’s lottery drawing.
The Californian bought the ticket at Albertsons supermarket in Morro Bay, a city on California’s Central Coast about 200 miles north of Los Angeles.
The jackpot was the seventh largest in U.S. lottery history.
It was also the fifth biggest Powerball prize, officials said. The cash option is worth $496 million.
The Powerball jackpot grew to the humongous prize, having gone three months and 40 previous lottery drawings without a winner.
The last jackpot on 5 June was worth $286 million.
The prize was claimed by “The Love You More Trust,” which chose a one-time lump sum payment of $196,706,252 before taxes.
The odds of hitting the Powerball jackpot are 292,201,388 to 1.
A player who buys a $2 ticket has about a 1 in 11,688,053 chance to match five numbers and win at least $1 million, while the odds are 913,129 to 1 of winning the third prize of at least $50,000.
Powerball is played on Monday, Wednesday and Saturday in 45 states, Washington D.C., the U.S. Virgin Islands and Puerto Rico.