Get All Access for $5/mo

The Winning $2 Billion Powerball Ticket Was Sold in California The odds of winning were roughly one in 303 million.

By Amanda Breen Edited by Jessica Thomas

Flavio Coelho | Getty Images

The Powerball jackpot surpassed $2 billion for the first time in its history, and the winning ticket was sold in California.

According to the California Lottery, the lucky ticket was sold at Joe's Service Center in Altadena, Calif. The grand total was $2.04 billion.

Although the drawing was scheduled for Monday night, the would-be lucky winner had to wait a bit longer: A security issue delayed the results, Powerball said in a statement.

Related: North Carolina Man Wins Lottery Twice After Accidentally Buying 2 Identical Tickets

According to the statement, one of the 48 participating lotteries hadn't yet processed its sales and play data, and Powerball has "stringent security requirements to protect the integrity of the game."

But the winning numbers have since been revealed: 10, 33, 41, 47, 56, and the Powerball was 10.

Winning a jackpot requires picking five numbers between 1 and 69 and a sixth number between 1 and 26 (these can also be generated automatically). The person or people who select all of the numbers correctly will walk away with the money — odds of roughly one in 303 million, per NerdWallet.

For those who do win big, the amount they actually take home will be determined by if they choose to accept the prize as a 30-year annuity or a lump sum that's worth roughly 51% less, per CNBC. But the total winnings will also largely depend on the winner's state taxes.

There are only eight states that don't tax lottery winnings: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. Other states charge anywhere from 2.9% to 8.82% taxes on the prize.

Related: Woman Says She Accidentally Destroyed $26 Million Winning Lottery Ticket in Washing Machine

At the federal level, this massive jackpot will incur a 24% upfront tax in addition to a 37% tax on income.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Former Steve Jobs Intern Says This Is How He Would Have Approached AI

The former intern is now the CEO of AI and data company DataStax.

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.