Powerball jackpot hits $1.6 billion on Monday. Oxnard market sells $2.3-million ticket

[ad_1] The newest Powerball jackpot continues to be up for grabs and is predicted to succeed in $1.6 billion Monday, propelling it into the highest 4 of the biggest jackpots within the sport’s historical past, officers stated Sunday.

On Saturday, gamers did not match all six successful numbers — white balls 4, 5, 28, 52, 69 and pink Powerball 20. The projected jackpot turns into the sport’s fourth-largest prize and is closing in on the $1.787 billion gained by ticketholders in Missouri and Texas in September.

Though not a jackpot winner, one ticket purchaser in Southern California secured a $2.3-million prize on Saturday by matching all 5 white balls however not the Powerball. The successful ticket was bought at Wright’s Market at 261 Ventura Blvd. in Oxnard. The market earned greater than $11,500 for promoting that ticket.

The record-high Powerball jackpot of $2.04 billion was bought in Altadena on Nov. 7, 2022. Rounding out the highest 5: the $1.787-billion jackpot on Sept. 6; a $1.765-billion prize gained in California on Oct. 11, 2023; the present $1.6-billion jackpot; and $1.586 billion gained on Jan. 13, 2016, in California, Florida and Tennessee.

In accordance with sport officers, this marks the second time there have been back-to-back Powerball jackpots exceeding $1 billion. In 2023, the $1.765-billion jackpot and a $1.08-billion prize had been gained in California inside a four-month span.

The potential winner of Monday’s draw might select between an annuitized prize of $1.6 billion or a lump sum of $735.3 million earlier than taxes; if the winner is in California, state taxes aren't imposed. If the winner chooses the $1.6 billion, they may obtain one fast cost adopted by 29 annual funds that improve by 5% annually, sport officers stated in a information launch Sunday.

The lump sum may very well be decreased to about $558.8 million after the 24% preliminary withholding, which is often imposed on prizes of $5,000 or extra, based on the Inside Income Service. Further taxes could also be imposed.