Powerball ticket sold in California snags record $2.04B win - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
November 8, 2022 Newswires
Share
Share
Post
Email

Powerball ticket sold in California snags record $2.04B win

Record-Herald (Washington Court House, OH)

DES MOINES, Iowa (AP) — Someone who bought a Powerball ticket in Southern California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize.

The winning numbers drawn Tuesday morning at the Florida Lottery draw studio in Tallahassee were: white balls 10, 33, 41, 47 and 56, and the red Powerball was 10.

The jackpot ticket was sold at Joe’s Service Center in Altadena, an unincorporated community in the foothills northeast of Los Angeles. A voicemail left for Joe’s Service Center was not immediately returned.

The 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. 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. 6 and over three winless months has grown massive. No one has won the jackpot since Aug. 3.

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.

The Multi-State Lottery Association said Monday night’s scheduled drawing was delayed by nearly 10 hours until Tuesday because a participating lottery had issues processing sales.

The problems in holding a drawing Monday night were blamed on one participating lottery’s inability to process its sales data. After the lottery, which wasn’t identified, completed its pre-draw procedures, the drawing was able to go ahead.

“Protecting the integrity of the draw is of upmost importance, and we were able to do that during this historic drawing with the cooperation of all participating lotteries,” said Drew Svitko, the chairman of the Powerball Product Group and executive director of the Pennsylvania Lottery.

Terry Rich, a former director of the Iowa Lottery who also served on the Powerball board, said the delay was likely due to a two-part verification system of ticket sales that makes use of an outside vendor to ensure all is in order before the game’s numbers are drawn.

“Each state must verify through a dual process that all of the sales and dollars match before the Multi-State Lottery Association can do the draw,” said Rich, who headed the Iowa Lottery for 10 years and was president of the North American Lottery Association. “This is a state-by-state procedure, which separates the whole process and has been very effective.”

Rich said state lotteries deal with similar problems several times a year but the delays usually don’t attract much attention because the potential jackpots are far less than was up for grabs this week.

The winning numbers and recorded video of the drawing were posted to the Powerball’s YouTube channel.

The $2.04 billion prize is for a winner who chooses an annuity, paid annually over 29 years. Nearly all winners instead opt for cash, which was valued at $997.6 million.

The odds of winning the jackpot are 1 in 292.2 million.

The game is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Older

Winning Powerball Ticket Sold In California, Winner Taking Home Record $2.04 Billion

Newer

When-Issued Trading of New Series of AMERCO Common Stock to Begin on November 9

Advisor News

  • A hybrid approach outperforms the 4% Rule, researchers find
  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
  • Embracing a family-centric approach to financial planning
  • Family communication: Financial planning’s growing blind spot
More Advisor News

Annuity News

  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
  • California teachers settle class-action lawsuit over in-plan annuity fees
More Annuity News

Health/Employee Benefits News

  • Cuts to healthcare access harm us all
  • AG Clark sues over effort to undermine Affordable Care Act protections
  • Trump administration finalizes restrictions on Medicaid and CHIP funding for youth gender-affirming care
  • Drugmakers, health insurers battle over coupons for high-cost medicine
  • Idaho lawmakers look into a hospital insurance dispute
More Health/Employee Benefits News

Life Insurance News

  • Insurers, rating firms push back on NAIC credit rating oversight plan
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Symetra Named to PEOPLE® Companies That Care™ List for Second Consecutive Year
  • LIMRA: Individual life sales continue growth trend in Q2, led by whole life and VUL
  • New York Life Awards 20 Golden Futures Scholarships, Expanding Student Support Through Financial Education and Career Development
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet