US Hits $1.1 Trillion Lottery Jackpot on New Year's Day... Who Is the Winner?

Powerball Fifth Largest Jackpot Ever
Winning Odds 1 in 292.2 Million
No Winner Yet
Donation If Unclaimed for One Year

A lottery 'jackpot' worth 1.0995 trillion won hit on New Year's Day in the United States. It is the fifth largest in the history of the US Powerball. Also, this is the first time since the Powerball lottery was launched in 1992 that a first prize winner has been drawn on January 1.

According to CNN and other foreign media on the 2nd (local time), a Powerball 'jackpot' ticket sold in Michigan matched all six numbers in the New Year's drawing the day before and won first prize.

US Powerball Lottery
Photo by AP/ Yonhap News Agency Archive Photo

The prize money is about 842.2 million dollars (1.0995 trillion won), making it the tenth largest amount in US lottery history.

The highest lottery prize won worldwide, including the US, was about 2.6642 trillion won, which was hit in November 2022.

Powerball stated, "Since the lottery started in 1992, this is the first time Powerball has hit on New Year's Day," and "the winner can choose the 'cash option' to receive 425.2 million dollars (about 555.3 billion won) in a lump sum."

Powerball winners can receive their prize money in installments over 29 years, but most choose the option to receive a lump sum amount less than the total prize.

The last time a first prize winner was drawn was on October 11 last year, with the prize money reaching 1.76 billion dollars (about 2.2986 trillion won).

The winner has not yet come forward. If there is no claim for the prize within one year from the drawing date, the lottery money will be donated to public schools in California where the ticket was sold.

Powerball is sold in 45 of the 50 US states, Washington DC, Puerto Rico, and the US Virgin Islands. The price per game is 2 dollars, and the odds of winning first prize are 1 in 292.2 million, which is much lower than the odds of winning the domestic Lotto (1 in 8,145,060).

To win the Powerball first prize, you must correctly pick 5 numbers from 1 to 69 on the white balls and 1 number from 1 to 26 on the red ball called the Powerball.

This content was produced with the assistance of AI translation services.