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Illinois Ticket Wins $1.04 Billion Powerball, Eighth-Largest Ever
An Illinois ticket matched all six numbers for the $1.04 billion Powerball jackpot, the eighth-largest US lottery prize. The winner has 60 days to choose between a $450.5 million cash lump sum or a 30-year annuity.
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A single ticket sold in Illinois matched all six numbers in Wednesday's Powerball drawing, winning the $1.040 billion jackpot. The prize ranks as the eighth-largest in U.S. lottery history, according to Powerball.
The winner can choose an annuitized payout of $1.040 billion or a lump-sum cash option of $450.5 million before taxes. The annuity delivers one immediate payment followed by 29 annual installments that increase by 5% each year.
"Congratulations to our newest Powerball jackpot winner in Illinois," said Stephen Durrell, chair of the Powerball Product Group and executive director of the Kansas Lottery. "For more than three decades, Powerball has shown that a winning ticket can be sold anywhere the game is played, giving every $2 ticket the chance to change not only a winner's life, but generations to come."