Powerball ticket matched all 6 numbers, worth $754 million

Lottery officials said in a statement early Tuesday that a single ticket matched all six numbers and was worth $754.6 million.

The full jackpot is for a winner who chooses to receive annuity in one immediate but partial payout, followed by additional payments over 29 years that increase by 5% annually. The winner can choose to get a one-time cash payment of $407.2 million.

Powerball said that the prizes available are the amounts before taxes.

The jackpot for the next drawing on Thursday has dropped to $20 million, according to the lottery game's website.

Monday night's win was the first Powerball jackpot win since Nov. 19, 2022. The winless streak allowed the prize to grow larger and larger until it stood as the ninth-largest in U.S. history.

Interest rates have allowed annuity payments to increase compared to earlier jackpots when rates were lower. The game has a abysmal odds of 1 in 292.2 million and is designed to draw more players. A Maine player recently won a $1.35 billion Mega Millions prize in January, and a California player hit a $2.04 billion Powerball jackpot in November. There is no one who has claimed one of the prizes.

Powerball is played in 45 states, Washington, D.C. Puerto Rico and the U.S. Virgin Islands.