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NY ticket wins $847 million Powerball jackpot

By · Published by Everything Blog

In short

The Nov. 4 drawing produced a single ticket matching the full combination of numbers, including the red Powerball. The winner can choose between receiving the entire $847 million through 30 annual payments over 29 years or taking an immediate lump-sum cash option of $363.1 million before taxes. Lottery officials have not yet shared the identity of the ticket holder or the exact store where it was purchased. This major victory arrives less than three months after an Illinois player claimed a $1.04 billion prize in August.

Key points

  • The ticket holder must determine whether an immediate lump sum or a 29-year payout best s…: The ticket holder must determine whether an immediate lump sum or a 29-year payout best suits their needs.
  • Officials have withheld both the winner's identity and the specific selling location in N…: Officials have withheld both the winner's identity and the specific selling location in New Jersey.
  • Massive lottery jackpots continue to emerge rapidly, with this win following a billion-do…: Massive lottery jackpots continue to emerge rapidly, with this win following a billion-dollar prize from August.

Sources checked by our analysis pipeline: 1

The latest jackpot win comes less than three months after a ticket in Illinois won a $1.04 billion Powerball jackpot on Aug. 12. Together, the back-to-back jackpots rank as the eighth- and ninth-largest prizes in Powerball history.

"Back-to-back jackpot runs resulting in prizes of this magnitude are a testament to the excitement Powerball generates," Stephen Durrell, chair of the Powerball Product Group and executive director of the Kansas Lottery, told Fox News.

"We're thrilled to celebrate another life-changing win and congratulate the lucky ticket holder," Durrell added.

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How much amount would the winner receive?

The winner can choose to receive the $847 million prize in 30 payments over 29 years, with each payment increasing every year. Alternatively, they can take a one-time lump-sum payment of $363.1 million. Both prize options are before taxes.Powerball has not identified the winner or disclosed where in New Jersey the ticket was sold. New Jersey law allows lottery winners to remain anonymous.

Additionally, Powerball announced that four…

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