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A ticket from the U.S. state of Illinois has won the Powerball lottery jackpot of $1.04 billion. Organizers announced this on August 13.
"The eighth-largest jackpot in Powerball history was won in Illinois. One ticket sold in Illinois matched all six numbers drawn on Wednesday evening, winning the $1.04 billion jackpot," the statement on the organizers' website said.
According to lottery rules, the winner can receive the prize in installments: first an initial payment, followed by 29 equal annual payments.
Alternatively, the winner may choose a lump-sum payment. In that case, the prize amount would be $450.5 million before taxes.
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BeforeAfter the announcement
the winner can choose a lump sum of $450.5 million before taxes or receive the prize in installments over 29 years
Now
A ticket sold in Illinois won the $1.04 billion Powerball jackpot.
Next
The winner must choose between annual payments over 29 years or a lump sum of $450.5 million before taxes.