Los Angeles has a new billionaire.
$1.08 billion Powerball jackpot is one of the largest in history—here are the top 5 so far
The winner of the ticket has the option of receiving the $1.08 billion jackpot in 30 installments, or a lump sum payment of $558.1 million. The owner of La Palmitas Mini Market will get up to $1 million for selling the winning ticket. “It's a big surprise for us,” says Herrera, who is originally from Chiapas, México. “We are trying to still believe this, because it is great news and not everyone can handle it. Imagine the person who earned it.”
Herrera has run the store for seven years and in the past, he said he has sold tickets worth up to $106,000. But last night’s winnings will give him $1 million exactly for selling that winning Powerball ticket. He plans to reinvest that money into his store and spend it with his family, including taking a vacation.
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