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California Resident Wins $1.08 Billion Powerball Jackpot

Yanira Alvarez opts for cash payout, contributing to historic lottery winnings and educational funding in California.

Kim Carson of Spartanburg, South Carolina holds Mega Millions and Powerball tickets outside of a store on Friday.
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Overview

  • Yanira Alvarez from Los Angeles won the $1.08 billion Powerball jackpot, ending a 39-draw jackpot run without a winner.
  • Alvarez chose the cash value option, receiving $558.1 million before federal taxes.
  • The win was part of two back-to-back billion-dollar winning tickets sold in California, contributing to an estimated $197.9 million in additional funding for public schools.
  • The current Powerball jackpot has grown to $935 million, marking it as the fifth-largest prize in the game's history.
  • No one has won the Powerball’s top prize since New Year’s Day, leading to 37 consecutive drawings without a jackpot winner.