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$731.1 Million Powerball Jackpot Winner Announced! 5 months ago

Lucky Powerball lottery ticket sold in Maryland won the sixth-largest lottery jackpot in the history of U.S lotteries on Wednesday night. The winning numbers for the $731.1 million jackpot were 40, 53, 60, 68, and 69, with the Powerball number 22. The Power Play multiplier for the draw was number 3. The jackpot prize for the game was raised from the initial estimate of $730 million after all proceeds were counted on Wednesday night. The lump-sum amount for the single winning ticket is a whopping amount of $546.8 million.

The lucky ticket was sold at Coney Market in Lonaconing, which is located in Allegany County in the Northwest part of the state, bordering Pennsylvania. The winning ticket selling Coney Market will receive a $100,000 bonus from the Maryland Lottery.

Carole Gentry, the Maryland spokeswoman, said that Wednesday night's Powerball win is by far the largest prize in the Maryland Lottery's history, quite easily moving ahead of the $218.6 million shares of a $656 million Mega Millions jackpot claimed by Three Amigos in the March 30, 2012 drawing.

The winner has the choice to either opt for $731.1 million paid in 30 graduated payments over 29 years or the $546.8 million lump-sum payment. The annuity payments for the prize money increase by 5% each year. All the winning amounts are subject to federal and state taxes.

The winners of the Maryland Lottery have the right to remain anonymous to claim the prize. The prize claiming deadlines, usually 182 days, have been extended during Maryland's COVID-19 state of emergency. Any lottery ticket that reaches its expiration date while the state of emergency remains in effect, can still be redeemed for up to 30 days after the date that the state emergency is lifted.

The Powerball Jackpot is reset to a starting point of $20 million for Saturday's drawing.

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