A single Powerball ticket sold in Los Angeles matched all 6 numbers in the July 20, 2023 drawing, winning the $1.08 billion jackpot. The winning numbers were 7, 13, 10, 24, 11, and the Powerball was 24.
The winning ticket was sold at a 7-Eleven convenience store in the Koreatown neighborhood of Los Angeles. The store will receive a $1 million bonus for selling the winning ticket.
The identity of the winner has not yet been released. The winner has one year from the date of the drawing to claim the prize.
The $1.08 billion jackpot is the largest Powerball jackpot in history. The previous record was $1.586 billion, which was won in January 2016.
The odds of winning the Powerball jackpot are 1 in 292.2 million.
The winner of the $1.08 billion jackpot has a few options for how to claim the prize. They can choose to receive an annuity, which will pay out the prize in installments over 29 years. Alternatively, they can choose to receive a lump-sum payment. The lump-sum payment for the $1.08 billion jackpot is $558.1 million.
The winner of the $1.08 billion jackpot will have to pay federal and state taxes on the prize. The amount of taxes they owe will depend on their individual circumstances.
Conclusion:
The winning of the $1.08 billion Powerball jackpot is a life-changing event for the lucky ticket holder. The winner will have to decide how to best use the prize money. They may choose to invest it, donate it to charity, or use it to improve their lifestyle.
Keywords:
- Powerball jackpot
- $1.08 billion
- Los Angeles
- 7-Eleven
- winning ticket
- annuity
- lump-sum payment
- taxes
- life-changing event
