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
Hearing the answers, Harvey wondered how the team that won the question got so far in the game
22 hours ago
Shopper, creator, @sharpintx fell victim to 'return fraud' in the worst possible way.
23 hours ago
Several companies have publicly stated that they are passing on the tariff costs to customers.
1 day ago
The guest was at a loss for words after hearing the value of the Patek Phillippe watch.
2 days ago
The fast food chain has raise prices like other but won over its customer base like none.
2 days ago
BofA Metals Cheif, Michael Widmer estimates gold to hit the $5,000/oz mark in 2026.
2 days ago
Kevin Hassett said it would solely be up to the Fed Officials to make decisions on interest rates.
2 days ago
As per the Congress' Joint Economic Committee, Americans paid over $158 billion in tariff costs
5 days ago
It was clear that the host was expecting much more from the player, as the question had potential.
5 days ago
An expert believes that raising the minimum wages has been a crucial boost for underpaid workers.
6 days ago
Costco keeps its aisle labels vague intentionally to make the shoppers wander around and explore products.
6 days ago
While rate cuts may eventually bring relief, other factors may push costs upwards.
6 days ago
A Politico poll conducted last month found Americans were struggling with spending constraints.
6 days ago
The shopper who was buying coats to donate to the homeless was met with incredible generosity.
7 days ago
The Democratic senators argued that no living/sitting president should have their likeness on a coin.
7 days ago
The contestant had a slim chance after getting only two out of five guesses right.
7 days ago
The payments will be funded by the tariff revenue and reach farmers early next year.
Dec 9, 2025
Sweeney's team blatantly broke a rule and the host had to let it go multiple times.
Dec 8, 2025
Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy.
Dec 8, 2025