Washington state resident win the $747 Million Powerball Jackpot Agubey
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Monday night's winning numbers were 05, 11, 22, 23, 23, 69, and the Powerball 07
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Officials from the Lottery stated in a statement Tuesday morning that one ticket had matched all six numbers.
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This pushed the jackpot higher that an earlier estimate of $747 million.
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A winner can choose to receive an annuity in an immediate, but partial, payment
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Then, additional payments will be made over 29 years. These payments will increase by 5% each year
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A cash payment of $407.2 Million can also be made to the winner.
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Powerball stated that both prizes are available if they include taxes.
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According to the lottery's website, the jackpot for Wednesday's drawing is $20 million.
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Monday's win was the first Powerball Jackpot win since Nov. 19. This winless streak allowed for the prize to increase in size until it was the ninth largest in U.S. history.
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Annuity payments have increased due to higher interest rates than in the past, when rates were lower. The cash prize is preferred by most winners.
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The low odds of winning are 1 in 292.2 millions. They were created to draw more players. This strategy has been proven successful recently.
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A player from Maine won the $1.35 billion Mega Millions jackpot in January, while a California player won the record-breaking $2.04 billion Powerball Jackpot in November.
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Powerball can be played in 45 states, Washington, D.C., Puerto Rico, and the U.S Virgin Islands.
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