• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
Personal FinanceLottery

The winning $1 billion Powerball ticket was sold at Las Palmitas Mini Market, just blocks from LA’s Skid Row

By
Marcio Sanchez
Marcio Sanchez
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Marcio Sanchez
Marcio Sanchez
and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 20, 2023, 4:52 PM ET
Jerry Cisneros
Lottery official Jerry Cisneros puts up a sign inside the Las Palmitas Mini Market where the winning Powerball lottery ticket was sold in downtown Los Angeles, Thursday, July 20, 2023. AP Photo/Marcio Jose Sanchez
Add Fortune on Google for similar content.

A tiny neighborhood store in downtown Los Angeles sold the winning ticket for the Powerball jackpot worth an estimated $1.08 billion, the sixth largest in U.S. history and the third largest in the history of the game.

Recommended Video

The winning numbers for Wednesday night’s drawing were: white balls 7, 10, 11, 13, 24 and red Powerball 24.

The winner can choose either the total jackpot paid out in yearly increments or a $558.1 million lump sum before taxes. Winners don’t have to come forward publicly but their names and the disposition of the money are public records, according to the California Lottery.

The winning ticket was sold at Las Palmitas Mini Market, which will receive a $1 million bonus from the lottery. Lottery officials presented a giant symbolic check to store owner Navor Herrera and his family, and hung signs saying “billionaire made here.”

Asked about his million-dollar windfall, Herrera set his sights on the future.

“I have to make more bigger store, more items, good service for the people. That’s my thing now,” he said.

“The store is small” but the luck there is “big,” Herrera joked.

Located in the city’s Fashion District, the narrow minimarket is a few blocks from Skid Row’s scenes of homelessness and distress where thousands of people live in makeshift shanties that line entire blocks of the neighborhood.

The 107-block district is both a center of the West Coast apparel industry as well as a low-income area where small stores offer clothing, accessories and fabrics that spill onto sidewalks. Bargain-seekers flock to the district, but many storefronts are shuttered.

The winner must come forward to the California Lottery to claim the prize — and should consider hiring financial and legal advisers, spokesperson Carolyn Becker told reporters.

“And then we have to spend time vetting the winner to make sure it is the right person,” Becker said. “Integrity and transparency are incredibly important to us, so we will probably not know for months and months.”

A crush of reporters descended on the narrow minimarket, creating an early morning stir.

Lucy Jamil, who works nearby, came to the market after hearing the jackpot news.

“I’m very excited — very, very excited,” said Jamil, an employee at a store selling items such as backpacks, strollers and makeup boxes. “This morning when I woke up I was praying to God, you know, God willing it’s gonna be somebody who works over here.”

Final ticket sales pushed the jackpot beyond its earlier estimate of $1 billion to $1.08 billion at the time of the drawing, moving it from the seventh largest to the sixth largest U.S lottery jackpot ever won.

The game’s abysmal odds of 1 in 292.2 million are designed to build big prizes that draw more players.

The largest Powerball jackpot ever was $2.04 billion in November, also in California, making Thursday the second time in less than a year that someone in Los Angeles County has become a Powerball billionaire.

The last time anyone won the Powerball jackpot was on April 19 for a top prize of nearly $253 million.

Powerball is played in 45 states, as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

___

Associated Press writer John Antczak contributed.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Authors
By Marcio Sanchez
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Personal Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Personal Finance

Top CD rates from major banks June 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
Personal FinanceCertificates of Deposit (CDs)
Top CD rates from major banks on June 24, 2026: Chase CDs, Bank of America CDs, Citibank CDs, and more
By Joseph HostetlerJune 24, 2026
35 minutes ago
Current price of gold as of June 24, 2026
Personal Financegold prices
Current price of gold as of June 24, 2026
By Danny BakstJune 24, 2026
37 minutes ago
Current price of Ethereum for June 24, 2026
Personal FinanceEthereum
Current price of Ethereum for June 24, 2026
By Joseph HostetlerJune 24, 2026
39 minutes ago
Current price of Bitcoin for June 24, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for June 24, 2026
By Joseph HostetlerJune 24, 2026
39 minutes ago
price-of-oil-06-23-2026
Personal FinanceOil
Current price of oil as of June 24, 2026
By Joseph HostetlerJune 24, 2026
55 minutes ago
Current price of silver as of Wednesday, June 24, 2026
Personal Financesilver
Current price of silver as of Wednesday, June 24, 2026
By Joseph HostetlerJune 24, 2026
1 hour ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion,but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
7 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.