Updated: 12:48 p.m.
A single winning Powerball ticket, worth a whopping $400 million, was sold after 11 winner-less draws since Aug. 10, lottery officials announced Thursday.
The winner, who bought the ticket in South Carolina, had an estimated 1 in 175 million chance of hitting the jackpot. The ticket holder can now claim an annuity valued at $400 million or a lump sum of $223 million—which will come to about $134 million after taxes, NBC News reports.
The identity of the winner was still unknown when lottery officials held a morning press conference at the Lexington, S.C., store where the ticket was purchased. Officials advised the winner to “sign the back of the ticket, put it in a safe location, seek financial or legal advice from a trusted source, and then come forward to claim the ticket.”
In August, a $448 million prize was awarded to three ticket holders, including a group of 16 county employees. The biggest winnings in history—$590 million—were awarded to an 84-year-old Florida widow in May.
[NBC News]