Michigan Powerball ticket sold worth $842 million

Someone in Michigan has won an $842.4 million Powerball jackpot on the first day of 2024, the first time it has been won on New Year’s Day since the game’s start in 1992.

The lucky ticket holder will have the choice between an annuitized prize of $842.4 million, payable over 30 years, or a lump sum payment of $425.2 million. Both prize options are before taxes.

Final ticket sales pushed the jackpot beyond its earlier estimate of $810 million to $842.4 million at the time of the drawing, making it the fifth-largest Powerball jackpot and 10th-largest U.S. lottery jackpot ever won.

Before the big win on New Year’s, the jackpot had been growing since mid-October.

The chance of winning the Powerball jackpot is 1 in 292.2 million.



(AP file photo)