When claimed, they have the option of receiving the full amount of $1.08bn in an annuity paid over three decades, or they can take a smaller cash option as a lump sum.
Powerball holds the current world record for the largest national lottery jackpot
However, almost all winners opt for the up-front cash option, which in this case has a value of $558.1m before taxes.local reporters The retailer that sells the winning Powerball ticket also receives $1m . Mr Herrera told reporters he plans to invest the money back into his business and thanks God for the win. He'll get the money whether or not someone comes forward to claim the prize.
Powerball said final ticket sales pushed the jackpot beyond its earlier estimate of $1bn to $1.08bn at the time of the draw.
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