Michigan Powerball wins $842 million jackpot, fifth largest in the game
Monday was a great start to the new year for one lucky Powerball player in Michigan.
The Powerball jackpot has eluded players in 34 consecutive draws since mid-October, with one ticket sold in Michigan covering the five white balls drawn during Monday night's drawing and Red power ball. The winning numbers were 12, 21, 42, 44, 49 and the red Powerball was 1. Power Play multiplier is 3x.
Holders of the sole winning jackpot ticket can choose to pay the full value of the advertised jackpot over 29 years or choose a one-time cash option of approximately $425.2 million. Prices exclude federal and state taxes.
“It’s an incredible start to the new year for Powerball,” said Drew Svitko, chairman of Powerball Products Group and executive director of the Pennsylvania Lottery. “In addition to our grand prize winners, there are hundreds of good causes supported by America’s Lottery that will receive additional funds through this jackpot event.”
After the federal government cuts the effective tax rate on the nation's top earners by 37% and Michigan imposes a 4.25% state tax, the winner will receive about $496.2 million from the annuity, or $249.8 million in cash.
Top Ten Powerball Jackpots
- $2.04 Billion – November 7, 2022 – California.
- $1.765 Billion – October 11, 2023 – California.
- $1.586 billion – January 13, 2016 – California, Florida, Tennessee.
- $1.08 Billion – July 19, 2023 – California. 5.$842.4 Million – January 1, 2024 – Michigan
- $768.4 million – March 27, 2019 – Wisconsin.
- $758.7 million – August 23, 2017 – Massachusetts.
- $754.6 million – February 6, 2023 – Washington.
- $731.1 million – January 20, 2021 – MD.
- $699.8 million – October 4, 2021 – California.
Winner’s Identity
Whoever wins Monday night's Powerball jackpot at slim odds of 1 in 292.2 million will one day become known to the public. In Michigan, lottery winners must agree to have their names published if they win the jackpot. State laws are designed to ensure public confidence in lottery operations.
Lucky tickets are on sale at the Food Castle, 3035 E. Grand Blanc Rd. In Grand Blanc. The Quick Stop Shop will receive a $100,000 bonus for selling the winning ticket.
I don’t know who won. I hope it's one of our regulars. ” Food Castle owner Bill Nannonhi told The Detroit News.
If a winner wishes to elect an annuity, they must contact the lottery within 60 days to inform them of their payment preference. Tickets can be redeemed for cash payment for up to one year.
New Year Winners
In addition to the Michigan player's life-changing win, Powerball officials said the game's nine ways to win resulted in more than 1.8 million tickets winning some kind of prize. Unfortunately for players, the vast majority of draws (more than 1.45 million tickets) only resulted in winnings of $4 to $7.
Four tickets won $1 million each after finding five white balls but no red Powerball. Two other tickets also matched the five white numbers drawn, but purchased the $1 Power Play add-on, which doubled the prize to $2 million.
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Source: www.casino.org
