The latest Powerball jackpot is still up for grabs and is expected to reach $1.6 billion Monday, propelling it into the top four of the largest jackpots in the game\u2019s history, officials said Sunday.<\/p>\n
On Saturday, players failed to match all six winning numbers \u2014 white balls 4, 5, 28, 52, 69 and red Powerball 20. The projected jackpot becomes the game\u2019s fourth-largest prize and is closing in on the $1.787 billion won by ticketholders in Missouri and Texas<\/a> in September.<\/p>\n Although not a jackpot winner, one ticket buyer in Southern California secured a $2.3-million prize<\/a> on Saturday by matching all five white balls but not the Powerball. The winning ticket was sold at Wright\u2019s Market at 261 Ventura Blvd. in Oxnard. The market earned more than $11,500 for selling that ticket. <\/p>\n The record-high Powerball jackpot<\/a> of $2.04 billion was sold in Altadena on Nov. 7, 2022. Rounding out the top five: the $1.787-billion jackpot on Sept. 6; a $1.765-billion prize won in California on Oct. 11, 2023; the current $1.6-billion jackpot; and $1.586 billion won on Jan. 13, 2016, in California, Florida and Tennessee. <\/p>\n According to game officials, 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 were won in California within a four-month span.<\/p>\n The possible winner of Monday\u2019s draw could choose between an annuitized prize of $1.6 billion or a lump sum of $735.3 million before taxes; if the winner is in California, state taxes are not imposed. If the winner chooses the $1.6 billion, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year, game officials said in a news release<\/a> Sunday.<\/p>\n The lump sum could be reduced to about $558.8 million<\/a> after the 24% initial withholding, which is commonly imposed on prizes of $5,000 or more, according to the Internal Revenue Service<\/a>. Additional taxes may be imposed.<\/p>\n The odds of winning, however, remain astronomically small \u2014 at just 1 in 292.2 million, officials said.<\/p>\n Powerball tickets cost $2 to play, and drawings take place on Mondays, Wednesdays and Saturdays.<\/p>\n","protected":false},"excerpt":{"rendered":"The latest Powerball jackpot is still up for grabs and is expected to reach $1.6 billion Monday, propelling…\n","protected":false},"author":2,"featured_media":104580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[423,418,56253,48,52,51,47,50,49,56706,1024,56707,3335,56704,34550,2001,595,1009,29860,211,56705],"class_list":["post-104579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-los-angeles","tag-game","tag-history","tag-jackpot-winner","tag-la","tag-la-headlines","tag-la-news","tag-los-angeles","tag-los-angeles-headlines","tag-los-angeles-news","tag-lump-sum","tag-monday","tag-mondays","tag-official","tag-oxnard-market","tag-powerball-jackpot","tag-prize","tag-saturday","tag-southern-california","tag-taxis","tag-ticket","tag-white-ball"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/104579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=104579"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/104579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/104580"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=104579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=104579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=104579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}