POWERBALL players have been urged to double-check their tickets as a $200,000 prize has not yet been claimed.
Illinois Lottery revealed the winning slip was bought at Dolton Express Citgo, Illinois, 60419.
A Powerball prize worth $200,000 remains up for grabs[/caption]The ticket was bought before the November 30 draw.
The lucky gambler will be able to take home a whopping $200,000 ticket – if they claim it in time.
The clock has started to tick as they have until November 30 2025 to come forward and claim their winnings.
POWERBALL POWERS ON
Powerball is hugely popular across the country and is played in 48 US lottery jurisdictions.
How long players have to claim prizes varies by state, from 90 days up to a full year – as is the case in Michigan.
Tickets cost $2 and can be entered into draws held every Monday, Wednesday and Saturday.
Players choose five numbers on the white balls between 1 and 69, then one number for the red Powerball, between 1 and 26.
In Powerball, the jackpot increases until it’s won, so some winners win more money than others, depending on how long the prize pot has been growing.
The biggest jackpot to date is $2.04 billion won in California in 2022, according to the Powerball website.
Winners of the top prize can choose to receive their money as a lump sum or as an annuity over 29 years.
Top lottery winners in the US
Millions dream of winning the lottery and finding fame and fortune. These are the biggest winners in US lottery history.
- Edwin Castro – $2.04 billion, Powerball, Nov. 8, 2022, in California.
- Theodorus Struyck – $1.765 billion, Powerball, Oct. 11, 2023, in California.
- Unknown winner – $1.602 billion, Mega Millions, Aug. 8, 2023, in Florida.
- Marvin and Mae Acosta from Los Angeles, California, John and Lisa Robinson from Munford, Tennessee, and Maureen Smith and David Kaltschmidt from Melbourne Beach, Florida – $1.586 billion, Powerball, Jan. 13, 2016.
- Unknown winner – $1.537 billion, Mega Millions, Oct. 23, 2018, from South Carolina.
- Unknown winner – he sued the mother of his child to keep his identity hidden – $1.348 billion, Mega Millions, Jan. 13, 2023, from Maine.
- Unknown winner – $1.337 billion, Mega Millions, July 29, 2022, from Illinois.
- Cheng and Duanpen Saephan, and Laiza Liem Chao – $1.326 billion, Powerball, April 7, 2024, from Oregon.
- Yanira Alvarez – $1.08 billion Powerball, July 19, 2023 in California.
- Wolverine FLL Lottery Club – $1.05 billion, Mega Millions, Jan. 22, 2021, from Michigan.
- Unknown winner – $842.4 million Powerball, Jan. 1, 2024, from Michigan.
This latest Illinois lottery winner isn’t alone in not claiming their prize.
Another $1 million is currently unclaimed in Missouri from a Mega Millions draw in November.
While in Florida a Mega Millions winner is set to become $5 million richer when they claim their prize from the December 10 draw.
Responsible gambling
Remember to gamble responsibly
A responsible gambler is someone who:
- Establishes time and monetary limits before playing
- Only gambles with money they can afford to lose
- Never chase their losses
- Doesn’t gamble if they’re upset, angry, or depressed
- National Council on Problem Gambling – https://www.ncpgambling.org/
- Gamble Aware – www.begambleaware.org
For help with a gambling problem, call the National Gambling Helpline on 1-800-522-4700 or go to ncpgambling.org/chat
Lottery winnings: lump sum or annuity?
Players who win big on lottery tickets typically have a choice to make: lump sum or annuity?
The two payout methods can impact how much money you get from your prize.
Annuities pay out slowly in increments, often over 30 years.
Lump sums pay all at once but in a smaller amount, as taxes are withheld in one go. That means 24% of your prize goes to Uncle Sam right away. Many states tax winnings as well.
Annuities can provide winners time to set up the financial infrastructure required to take in a life-changing amount of money, but lump sums have the benefit of being taxed only once.
Inflation is also worth considering when making a choice, as payouts do not adjust with the value of a dollar. That means that you’ll likely be getting less valuable money towards the end of an annuity.
Each state and game pays out prizes differently, so it’s best to check with your state’s lottery to confirm payment policies. A financial advisor can also help you weigh the pros and cons of each option.
Experts have varying opinions on whether to take the lump sum or take the annuity.