"Record-breaking $1.08 billion Powerball jackpot won by lucky ticket holder"

A single winning ticket for the $1.08 billion Powerball jackpot was sold at a mini market in downtown Los Angeles. The ticket holder can choose between a lump sum payment of $558.1 million or an annuity for the full amount. This is the third-largest jackpot in Powerball history. The odds of winning the Powerball jackpot are 1 in 292.2 million. Additionally, an estimated $720 million Mega Millions jackpot is up for grabs on Friday night.