California Powerball Jackpot: $700 Million for a single ticket

After growing to the seventh-largest U.S. lottery jackpot, Powerball will now be back at around $20 million. A single ticket from California won the $700,000,000 pot on Monday night.

Officials from the lottery stated that the winning ticket was purchased at a Morro Bay grocery store in southwestern California.

The winning numbers were 12, 22, 54, and 66, respectively. There was a Powerball number at 15. Officials from Lottery said that five additional tickets had matched the regular numbers, but did not match the Powerball number. These winners will each receive $1 million.

After 40 consecutive draws, the Powerball lottery grew until a winner was finally declared on Monday night.

292.2 million people had a chance of winning the jackpot. June 5, 2012 was the last day to win the jackpot. It cost $285.6 million.

The jackpot winner will be paid either in one lump sum or over three decades. The lump-sum payment is the most popular option for winners of the $700,000,000 pot. It would cost approximately $496 million.

It is the fifth-largest Powerball jackpot ever.

Officials from the Lottery said that the pot was the first to be won in a Monday night drawing. Powerball used to draw only two weekly drawings per week before adding another in August.

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