What should you do if you win the Powerball lottery?
Lottery lawyers warn against sharing your identity as the winner, and say to be careful how you spend your money.
LEARN MOREPosted: 8:55 a.m. EST Feb 7, 2023
Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot.
The winning numbers Monday night were 5, 11, 22, 23, 69 and the Powerball 7.
Lottery officials said in a statement early Tuesday that a single ticket matched all six numbers and that ticket sales pushed the jackpot higher than an earlier $747 million estimate.
The full jackpot is for a winner opting for an annuity distributed in one immediate but partial payout followed by additional payments over 29 years that increase by 5% annually. The winner also can opt for a one-time cash payment of $407.2 million.
Both prizes available are the amounts before taxes, Powerball said.
The jackpot for the next drawing scheduled for Wednesday is $20 million, according to the lottery's website.
Monday night's win was the first Powerball jackpot win since Nov. 19. That winless streak allowed the prize to grow larger and larger until it stood as the ninth-largest in U.S. history.
Higher interest rates have allowed annuity payments to increase compared with earlier jackpots, when rates were lower. Most winners prefer the immediate cash prize.
The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes drawing more players. That strategy certainly has worked recently, as someone in Maine won a $1.35 billion Mega Millions prize in January and a California player hit a record $2.04 billion Powerball jackpot last November. No one has claimed either of those prizes.
Powerball is played in 45 states, as well as Washington, D.C.; Puerto Rico; and the U.S. Virgin Islands.
Additional reporting by The Associated Press.
