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$699.8 million Powerball lottery jackpot won by single ticket sold in California
08/10/2021 14:19:40

One Powerball lottery ticket sold in California won the seventh-largest lottery prize in U.S. history on Monday night.

The lucky numbers for the $699.8 million (₦287.7 billion) jackpot were 12, 22, 54, 66, and 69, with Powerball number 15. The Power Play multiplier was 2. The top prize was adjusted upwards from the initial estimate of $685 million after all proceeds were counted Monday night.

The lump sum payout for the single winning ticket is a jaw-dropping $496 million (₦203.9 billion).

The winning ticket was sold at the Albertsons grocery store at 730 Quintana Road in Morro Bay.

Monday night's Powerball win is the seventh-largest jackpot in history, and the fifth-largest Powerball jackpot. The cash value is the fifth-largest ever awarded.

The jackpot winner has the choice to take the $699.8 million paid in 30 graduated payments over 29 years or the $496 million lump sum payment all at once. The annuity payments increase by 5% each year. All prize amounts are subject to federal tax, the results of which can be seen on the Powerball Jackpot Analysis page at USA Mega.

Lottery winners in California cannot claim prizes anonymously, and cannot claim a prize through a trust. The winner has one year in which to claim their jackpot.

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