Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
What We Know About That $2 Billion Powerball Ticket Sold In Altadena
The $2 billion winning lottery ticket was sold in Altadena.
(
Justin Sullivan
/
Getty Images
)
The California Lottery announced Tuesday morning that the sole winning ticket had been sold at Joe’s Service Center in Altadena.
How The Prize Got This Big
The prize ballooned to a record $2.04 billion bucks after Powerball went three months without a top prize winner. The original drawing was set for Monday night but had to be delayed until Tuesday morning because one of the participating lotteries needed additional time to complete the required security protocols.
What Were The Lucky Numbers?
10-33-41-47-56-Power 10. According to lottery officials, the odds of drawing this billionaire-making combo were 1 in 292.2 million.
Support for LAist comes from
Let’s Talk Cash Money
If the ticket holder takes the lump sum payout, they’ll take home $997.6 million. If they’re looking for that full, cool $2 billion, they can choose to receive the jackpot in annuity payments distributed over 29 years.
That’s A Lot Of Money
Yes, and it’s the first time someone in California became (technically) a billionaire through the lottery. CA Lottery officials urge the winner to keep the ticket safe, to seek financial advice, and hire a lawyer. They point to this handbook from the CA lottery to help winner(s) .
What About The Store Owners?
Joe and Danny Chahayed have been in business at that location for 20 yrs. At a morning news conference at the location, Joe Sr. said he will share the store’s bonus for selling the winning ticket — $1 million — his family and his 11 grandchildren. He and his son hope the winning ticket was purchased by one of their regulars.
At Joe’s Service Station, the owner celebrates winning $1 million after selling the winning $2 billion #powerball ticket. #kpcc #laist pic.twitter.com/mHAau6bRCO
— Michael Flores (@ReporterFlores) November 8, 2022
Support for LAist comes from
Who Benefits In California
The state’s public schools. This particular drawing will yield $156 million for state schools, a state lottery official announced at a news conference held at Joe’s Service Center Tuesday morning.
But even as lotto sales have skyrocketed, bolstered by a wave of gigantic jackpots, schools haven’t seen much of a return on that investment. A 2018 LAist investigation found contributions to education by the lottery are essentially unchanged in 12 years, even though revenues are up by billions.
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
People moving to Los Angeles are regularly baffled by the region’s refrigerator-less apartments. They’ll soon be a thing of the past. -
Experts say students shouldn't readily forgo federal aid. But a California-only program may be a good alternative in some cases. -
The program is for customers in communities that may not be able to afford turf removal or water-saving upgrades. -
More than half of sales through September have been to corporate developers. Grassroots community efforts continue to work to combat the trend. -
The bill would increase penalties for metal recyclers who possess or purchase metal used in public infrastructure. -
The new ordinance applies to certain grocers operating in the city and has led to some self-checkout lanes to shutter.
Best of LAist