Home industry banking-and-finance A $1.3 billion jackpot winning ticket was sold in Portland, Oregon
Banking And Finance
CIO Bulletin
2024-04-08
A Powerball player in Oregon won a $1.3 billion jackpot after a winless streak of over three months, discovered after a three-hour postponement in the drawing.
A winless streak spanning more than three months ended on Sunday when a Powerball player in Oregon hit the jackpot, which was worth more than $1.3 billion. The $1.326 billion jackpot was won by the single ticket, which was discovered after the drawing was postponed by more than three hours, according to a statement from Powerball. The lottery matched all six selected numbers, with a cash value of $621 million if the winner chooses a lump sum payment over 30 years. The award is taxable at the federal level and in many states, with winnings also being taxable.
The Oregon Lottery announced the winning numbers for the Powerball jackpot, which was purchased in Portland. The winner has a year to claim the top prize, as Oregon law prohibits gamers from remaining anonymous. The $340 million jackpot in 2005 was the largest ever won in Oregon, while a Salem man won $150.4 million in 2018, Oregon's most recent jackpot victory.
Powerball's top prize has not been won since New Year's Day, tying a record set twice in 2022 and 2021. The $1.326 billion jackpot is the eighth-largest in US lottery history. As prizes increase and ticket sales increase, the likelihood of jackpots being split among multiple winners may increase, with a 1 in 292.2 million chance of winning the top prize.
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