Single Ticket Sold In California Wins $700 Million Powerball Jackpot
By Rebekah Gonzalez
October 5, 2021
After 40 drawings without any winners, the single ticket was drawn on Monday, October 4.
The winning ticket was sold at a grocery store in Morro Bay, according to the California Lottery. Officials won't know the identity of the buyer until a claim form is filed.
The Powerball jackpot reached $699.8 million thanks to nearly four months of no winners and final ticket sales. According to the Los Angeles Times, the jackpot is the seventh-largest in U.S. lottery history.
No one has bought a winning ticket for the game's grand prize since June 5. It was also the first jackpot won on a Monday night since August 23. The game recently launched a third weekly drawing.
According to the LA Times, the winner will be able to choose between an annuity option paid over 29 years or the cash option of $496 million. Either way, prizes are subject to taxes.
In addition to this win, give $1 million winning tickets sold in Massachusetts, Virginia, Florida, and Arizona.
The odds of winning the Powerball jackpot is 292.2 million-to-1, designed to generate huge prizes and draw more players.