Record-breaking $2 billion Powerball jackpot ticket won in California

The lucky ticket holder has a choice of taking a lump sum of $997.6 million cash or receiving the full amount in 29 annual payments.

 A customer purchases a ticket for the Powerball jackpot at a newsstand in New York City, US, November 7, 2022 (photo credit: REUTERS/BRENDAN MCDERMID)
A customer purchases a ticket for the Powerball jackpot at a newsstand in New York City, US, November 7, 2022
(photo credit: REUTERS/BRENDAN MCDERMID)

A Powerball player in California holds the only winning ticket in Tuesday's drawing for the $2.04 billion jackpot, according to the game's website, ending a string of 40 drawings that produced no winners and pushed the top prize into record territory.

The lucky ticket holder, whose identity was not disclosed, has a choice of taking a lump sum of $997.6 million cash or receiving the full amount in 29 annual payments.

The odds of matching all six numbers in the drawing - 10, 33, 41, 47, 56 and 10 - were 1 in 292.2 million.

The previous record for a Powerball jackpot was set in 2016 when three ticket holders from California, Florida and Tennessee shared a $1.59 billion top prize. Read full story

A ball used for the ''Super LOTO'', a lottery game draw, by the French lottery company FDJ (credit: BENOIT TESSIER /REUTERS)A ball used for the ''Super LOTO'', a lottery game draw, by the French lottery company FDJ (credit: BENOIT TESSIER /REUTERS)

California man wins lottery world record

The $2.04 billion Powerball jackpot ranks as a world record for a lottery top prize, according to multiple media reports.

The drawing, which had been scheduled for 10:59 p.m. local time on Monday, was delayed for hours when at least one of the 48 participating state lotteries needed more processing time, according to a tweet from the California Lottery. It did not identify the state in question.

Officials of the Multi-State Lottery Commission, which supervises the Powerball drawing, could not be reached by Reuters for comment.