You might still be a winner if you hit some of the six numbers. The lottery said 4.8 million others can claim prizes ranging from $4 to $2 million.
After three months and 38 drawings without a winner, someone finally hit all six numbers in a Powerball drawing. Powerball said a winning ticket was sold in California in Wednesday's drawing with a top prize of $1.08 billion. The winning numbers were white balls 7, 10, 11, 13, 24 and red Powerball 24. The winner of Wednesday's drawing has a year to claim their prize. Instead of getting $1.08 billion spread out over 30 payments, the winner could opt to have it all paid out in a $558.
While it might be tempting to opt for an annuity given the higher overall payout, investing a lump sum might provide a better return. According to NerdWallet, the stock market's average return is 10%. Given compound interest, it would only take investing a portion of the winnings to become a billionaire within 30 years.
Powerball said 62 tickets won $100,000 prizes, while 195 earned $50,000 prizes from Wednesday's drawing.
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