A raffle player in California has won the $1 billion Powerball jackpot, the game's organisers said.
“California has a new Powerball BILLIONAIRE!” California State Lottery announced on Twitter.
“One lucky ticket sold at Las Palmitas Mini Market in Los Angeles was the only ticket across the country to match all six numbers in the July 19 Powerball draw, winning the $1 Billion Powerball jackpot,” it said.
The billion-dollar jackpot is the biggest prize since November and only the third time the pot has reached the billions, The Washington Post reported.
The winner can choose to take $558.1 million in cash up front, or receive $1.08 billion, broken into yearly payments over 30 years, which increase by 5 per cent annually, the newspaper said.
Most winners choose the lump sum payout.
Wednesday's winner should expect to pay a 37 per cent tax rate on most of the winnings, since the US tax service considers such winnings as ordinary income and the jackpot puts them in the top bracket, according to the newspaper.
Powerball players choose six numbers for five white balls and one red ball, and must match all six to win the jackpot – with odds of 1 in 292.2 million.
The winning numbers on Wednesday were 7, 10, 11, 13, 24 and red Powerball 24.
“The Golden State luck was in full force as California also sold SEVEN additional tickets that matched 5 numbers missing just the Powerball, winning $448,750 each,” California State Lottery said.
Other winners who matched five numbers bought their tickets in 15 different states.
In November, a single ticket sold in California won an eye-watering $2 billion jackpot.
The next Powerball draw is on Saturday, with the estimated jackpot dipping to $20 million, with a cash value of $10.3 million.
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Killing of Qassem Suleimani
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
Funk Wav Bounces Vol.1
Calvin Harris
Columbia
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
Ovo's tips to find extra heat
- Open your curtains when it’s sunny
- Keep your oven open after cooking
- Have a cuddle with pets and loved ones to help stay cosy
- Eat ginger but avoid chilli as it makes you sweat
- Put on extra layers
- Do a few star jumps
- Avoid alcohol
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
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