A Powerball Ticket in North Carolina Won $1 Million

A Powerball Ticket in North Carolina Won $1 Million

A lottery ticket just made someone a millionaire in North Carolina. The winner won a $1 million prize in the Powerball drawing held on Saturday. According to a news release by NC Education Lottery, the winning ticket was bought at a convenience store in Wake County.

Details of the store that sold the winning ticket reveal that it was Bayleaf Convenience & Deli on Six Forks Road, Raleigh.

The $1 million prize was the highest prize won in Powerball’s Saturday drawing nationwide. Many small prizes were also won. Approximately 300 million Powerball tickets are sold on average for each drawing.

The winning ticket purchased for $2 ended up matching all numbers on the 5 white balls, 1-16-48-49-65. There is a 1 in 11.6 million likelihood of matching all five white balls in a Powerball drawing.

The winner of the tickets can claim their prizes within 180 days from the time of the drawing.

A participant of the lottery came very close to winning the Powerball jackpot in Michigan however, Saturday’s Powerball jackpot saw no winner. Resultantly, this brings the estimated Powerball Jackpot for Wednesday $42 million with a cash option of $31 million. The Powerball drawings are held at 10.59 pm E.T, every Wednesday and Saturday.

The odds of winning a lottery are exceedingly remote, but that doesn’t stop individuals from playing it. The odds of winning a Powerball jackpot alone are 1 in 292 million.

There is 1 in 24.9 chance of winning a prize if the advertised jackpot is $40 million. Even for a $1 billion jackpot, the chances of winning are the same, i.e. 1 in 24.9.

The odds of winning a prize are the same, even if there are more tickets retailed in a specific drawing.

Reports propose that on average half of all U.S adults spend more than $1,000 per month in hopes of getting rich instantly.

Studies suggest that the local number of adults engaged in playing the lottery increases by 40% when a lottery is introduced. In some states, the bulk of lottery revenue comes from a small percentage of participants. According to a Minnesota study, 20% of the state’s lottery players accounted for 71% of lottery income. While in Pennsylvania, 79% of income comes from 29% of the players.

At the beginning of this year, a Powerball jackpot winner won $731 million, which was the first after quite a few months. The winning ticket was sold in Maryland and was reported to be the fourth-largest jackpot in Powerball history.

To date, the largest Jackpot on a Powerball drawing is $1.586 billion, won in January 2016. The prize was shared by winners in three states, namely California, Florida, and Tennessee. This record-breaking jackpot prize was followed by $1.537 won in October 2019 in Wisconsin.