The bad news is that Powerball jackpot is down after last Wednesday's big win. The good news is it is still enough money for you to quit your job and buy a nice island or two. check the preview below for the new amounts and the winning results for last weeks big game.
The new jackpot totals for this week's Power Ball drawing are a mere $50 million.
The Powerball website is reporting on last night's win, writing:
“There was one winner sold by the California Lottery for the last drawing's
$425,300,000 grand prize”.
The winner has yet to come forward, however, lottery spokesman Alex Traverso doesn’t seem to think it will take long, telling reporters:
"I give the person the first day to be shocked," Traverso said on Thursday, "and then the wheels start turning….I know if it were me, I wouldn't want to sit on the ticket until Monday."
However, it is looking like it will be monday at the earliest. However, the winner does have a year to claim his or her prize. this is what the website says about expired tickets:
“The Universe is decaying and nothing lasts forever. Ticket expiration periods vary from state to state--from 90 days to one year. They may also change from time to time. The back of your ticket will often give the expiration period for your state. If it is not on the back of your ticket, you might check with your state lottery by using the map. For obvious reasons, we don't want to give you wrong information about the time frame for cashing tickets with your lottery. In rare cases, your elected officials will change the expiration period (sometimes they run out of other stuff to vote on). They may shorten it even though you may find an old brochure or old ticket stock with a longer claim period. Often the lottery will honor your ticket in such a case, but if you plan to wait longer than 90 days to claim a big prize, you might just call up the lottery or go to the online site and double check on the expiration period.”
The website goes on to talk about what will happen if the year passes and it goes unclaimed:
“Unclaimed prizes, including a state's share of jackpot sales, are kept by the lottery jurisdiction. About half of the lotteries are required to put the money back into a game. The other half is required by law to turn the money over to the state's general fund. If a jackpot is unclaimed, The money must be returned back to all lotteries, in proportion to their sales for the draw run. The lotteries then distribute the money as they are required by law - back into other lottery games or back to the state's general fund.”
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