The $2.04 billion prize is for a winner who chooses an annuity, paid annually over 29 years. The jackpot was initially reported as an estimated $1.9 billion on Monday, but the prize was increased to $2.04 billion Tuesday morning after updated calculations. 6 and has grown over three winless months. Only four previous jackpots have topped $1 billion, but none of those are close to the current prize, which started at $20 million back on Aug. The $2.04 billion jackpot was by far the largest lottery prize ever won, topping the previous record $1.586 billion prize won by three Powerball ticketholders in 2016. Winners have one year from the date of the winning draw to claim their prize. Store owner Joseph Chahayed told the media his family-owned store has been in business for 20 years.Īccording to California law, the winner must reveal their full name. For selling the winning ticket, Joe's Service Center will receive a maximum Powerball bonus of $1 million.
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