ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

California man wins $44 million Powerball jackpot — he hasn't seen a single dime of it in months

A representative of the California State Lottery cited the large number of claims that they process as a reason.
PUBLISHED NOV 5, 2024
Customers waiting to buy lottery ticket at a store | Cover Image Source: (Photo by Scott Olson/Getty Images)
Customers waiting to buy lottery ticket at a store | Cover Image Source: (Photo by Scott Olson/Getty Images)

Anyone who hits a jackpot worth millions is expected to be splurging on luxury housing, flashy cars, and holidays, but things don't work that smoothly for everyone. A California lottery fanatic recently came forward and claimed that he hasn't yet seen a single dime, two months after he won the Powerball jackpot worth $44 million. Jerry, a longtime lotto player, said that he tried his luck in August and purchased a ticket with his lucky number 1 in southern Orange County to become the sole winner of the top prize.



 

The winning numbers were 1, 2, 15, 23, 28 and the red Powerball 10. "It was exciting in a subtle way because you don’t anticipate ever hitting all six. Six numbers on the Powerball is … the odds are you’ll die before … You’ll walk out and get hit by lightning before you win that one," Jerry told KABC. The chances of winning the jackpot are slim at just 1 in 292,201,338, but the man clinched it.

 Forms to pick numbers for Powerball | (Cover Image Source: Getty Images | 	Joe Raedle )
Forms to pick numbers for Powerball | (Image Source: Getty Images | Joe Raedle )

Since the day he won the jackpot, Jerry has been waiting and growing impatient by the day to get his hands on the winnings. The new millionaire has finally lashed out against the slow verification process in place to ensure that the lottery prize goes to the rightful owner. "The process is horrible for a winner of a big … any big lotto winnings," he said. "They won’t tell you ‘By this date, you’ll get the funds.' They won’t tell you that. They leave it open-ended so you’re sitting, waiting daily," he added hoping to get the funds.

To be fair, this doesn't happen often and typically winners get to enjoy their reward within four weeks. However due to complicated processes, it does take time in some cases, Carolyn Becker, Deputy Director of Public Affairs and Communications for California State Lottery, told the New York Post. “California Lottery processes, believe it or not, 10,000-plus claims a month, so we want to manage the expectations of our winners,” she added.

When a person wins a jackpot, there are three scenarios that they can expect. Firstly, the small prize winners can expect to be paid out immediately. Secondly, people who win the mid-range prizes typically get paid on the next working day. However, in the case of jackpot prizes things can take more time. When somebody wins a jackpot, and isn't around to claim it in person, they worry if they are going to lose out on the winnings. However, the lottery states give people at least up to a year to claim the prize. Note that the claiming period does vary from state to state depending on the regulations.

Powerball play slips are displayed in a convenience store | Getty Images | Photo by Mario Tama
Powerball play slips are displayed in a convenience store | (Image Source: Getty Images | Photo by Mario Tama)

Winners can also choose to get the money in their bank even though some lotteries will expect winners to go down to the office and collect the winnings in person. Among other things, it's advisable to make copies of the winning tickets and hire appropriate professionals. Additionally, financial advisors also recommend keeping the news as private as possible.

MORE ON MARKET REALIST
Given the show's long run, Judge Judy Sheindlin has witnessed some awkward and cringeworthy moments.
3 hours ago
Kris Jenner is known for having a fantastic sense of humor and it came out on the show with James Corden.
4 hours ago
Amazon reportedly delivers well over a million packages per day and it can get tough to keep track.
6 hours ago
It might not have been very professional of Harvey but it certainly was hilarious.
8 hours ago
One of the customers contacted her employer after receiving her wage twice, and soon realized it was an error.
18 hours ago
The expert estimated that if the item was authentic, it would have been 10 times more in value.
1 day ago
Jennings' record-breaking steak earned him a whopping $2.52 million in winnings.
1 day ago
There have been incidents when people went too far with celebrations and even ended up hurting themselves.
1 day ago
The firm that was popular among sharks is still going strong with the innovative product.
1 day ago
Early 1980s was a special era as several rare coins were minted then.
1 day ago
The investor is known for his suave and no-nonsense approach and needs to maintain a sharp look.
2 days ago
The year may be 2024 but women's basic safety still seems to be too much of a challenge for society.
2 days ago
Winners know winning on Price Is Right it isn't like what it's cracked up to be.
2 days ago
Seacrest has stepped into the shoes of Pat Sajak who entertained audiences for decades.
2 days ago
The "Rolling Stones" singer said leaving a part of the inheritance might "do some good in the world."
2 days ago
Leilani had to go through a lot of paperwork and wait only to find out what she won wasn't what she'd get.
3 days ago
The guest investor Gwyneth Paltrow was also impressed by the entrepreneur's thought process.
3 days ago
The decorator still didn't get it when the woman returned to Walmart with her cake.
3 days ago
Steve Harvey is known for his infectious sense of humor that can come out at any moment.
3 days ago