A ticket bought in New Jersey won Wednesday's Powerball jackpot of $847 million, the ninth largest in the game's history, Card Player reported.

The winner can take annual payments over 29 years or a one-time sum of $363.1 million. Federal tax of 24% and state tax of 8% apply, and tax authorities are expected to collect around $116 million. As of Friday, nobody had claimed the prize. New Jersey Lottery Executive Director James A. Carey said it is the second-largest lottery win in the state's history.

The winning ticket was sold at a Wegmans grocery store in Montvale, which receives a $30,000 bonus. The New York Post reports that the winner will likely stay anonymous under state privacy laws.

The jackpot had been building since a player took a $1.04 billion prize on Aug. 12, the eighth largest in Powerball history. Stephen Durrell, Powerball chairman and Kansas Lottery executive director, said back-to-back runs ending in prizes this size reflect the excitement the game generates.

The odds of hitting the jackpot are about 292.2 million to one. The largest jackpot on record is $2.04 billion, won in California in November 2022. Powerball is sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

Source: Card Player

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