A person from California just won the $2 billion Powerball jackpot. How much money will they take home?

Someone in the US just won the highly-anticipated Powerball Jackpot by beating the odds and becoming the 1 in 292.2 million. The winning price is two billion dollars! (Talk about getting lucky). 

The identity of the winner has not been revealed yet, but according to California Lottery, the winner bought the winning ticket from a gas station in Los Angeles County. For selling the winning ticket, the business owner of the store, Joe Chahayed,  will also receive a maximum Powerball bonus of $1 million.

To be precise, the winning person is the sole winner of the amount of 2.04 billion dollars and the lucky winning numbers were: 10-33-41-47-56-Power 10.

The IT department loves it when you win a lottery or when you win on KBC. Here's why

The drawing for Monday night's record Powerball Jackpot was delayed several hours because of some security protocols. The drawing then eventually took place on Tuesday evening at 7:27 pm (IST), in Tallahassee, Florida.  

This Powerball jackpot started off at $20 million on August 6 and grew after nobody was able to win in the past few draws.

How much will the winner take home? According to Reuters, If the winner selects a lump sum cash payout, the value after the tax deduction will be $997.6 million. To take home the $2 billion sum, the winner would need to select annuity payouts over 29 years. 

What is the Powerball lottery? Powerball is an interstate lottery system played in the 45 American states, the District of Columbia, Puerto Rico and the US Virgin Islands. The game starts off with a value of 40 million dollars and every time when there is no winner, the value increases by 10 million dollars.

How is the game played? How is the winner decided?

• Powerball consists of two drums with balls in them. One drum is used for the white balls and one for the red "Power" ball, which gives the lottery its name.
• Its drawings are drawn on Monday, Wednesday and Saturday. 
• The winning numbers are announced on television, on the Powerball website, in newspapers, and online.
• In order to win the jackpot, players must correctly match all five white balls, plus the red Powerball.

There's no guarantee that a jackpot will be awarded in every drawing. If no one picks all six winning numbers, the jackpot rolls over to the next drawing and increases in value.
Each ticket costs around 2 or 3 dollars or Rs 165! 

The Twitter reactions to the Powerball lottery are wild, check out some: 

2.04 billion dollars is the highest jackpot money ever won ever since its formation in 1992. Check out the rest: 

 

Read More: A 1.2 billion dollar lottery has no winners yet. What happens next?