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Powerball jackpot worth $747 million won by Washington player

BY VASANTHA

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The Powerball jackpot estimated at $747 million was won Monday night in Washington state. 05, 11, 22, 23, 69, and Powerball 07 were the winning numbers.

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Ticket worth $754.6 million matched all six numbers early Tuesday, lottery officials said. A winner can opt for an immediate partial payout followed by 29 years of additional payments at 5% per year until the full jackpot is won. Alternatively, the winner can receive $407.2 million in cash.

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According to Powerball, both prizes are before taxes. Currently, the jackpot for the next drawing on Thursday is $20 million, according to the lottery game's website.

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First Powerball jackpot win since November 19, 2022. Since then, the prize has grown to become the ninth-largest in U.S. history. Interest rates have increased, allowing annuity payments to increase compared to earlier jackpots. Winners prefer cash prizes.

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It's abysmal odds are designed to lure more players with huge rewards. Several big prizes have been won recently through that strategy, including a $1.35 billion Mega Millions jackpot in Maine and a $2.04 billion Powerball jackpot in California. Both prizes remain unclaimed.

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The Powerball game is available in 45 states, plus Washington, D.C., Puerto Rico, and the U.S. territories.

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