The winning numbers were 4, 8, 19, 27 and 34, with a 10 as the so-called Powerball number.
Lottery fever gripped the country, with people frantically checking their $2 slips to see if they had won the world-record lottery.
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Local television showed swarms of people, many cheering, descending on the Los Angeles convenience store where the California ticket was sold.
Two more winning jackpot tickets were sold, one each in Florida and Tennessee, NBC News said, quoting California Lottery spokesman Russ Lopez.
CBS News said that it would take several hours for lottery officials to know if there were any more winning tickets sold elsewhere in the US.
The jackpot, which had stood at $1.5 billion for much of the day, eventually crept up to nearly $1.59 billion.
The winner can choose to be paid the full jackpot in annual installments for 29 years or take a one-off payment of at least $930 million.
The odds of winning were at least one in 292 million.
Despite that, shops all over the United States did a roaring trade in frenzied last-minute ticket sales in the final hours before the live draw.
Office workers dashed out between meetings to buy tickets, fantasizing about what they would do with the winnings, and commuters in New York joked about scooping the jackpot to save them from the deep freeze of winter.
For days, the talk of the nation, from coast to coast, and even from Canada to Mexico, was: will someone finally win the first Powerball in two months and, if you were to win, how would you spend such a whopping jackpot?
"I'm not a regular, but why not? Like the commercial says, 'Hey, you never know,'" said Nick Friedberg, a carpenter and father of two drinking coffee on a bitterly cold street in Manhattan.
"Non-stop, everyone's talking about it," he said, running through a list of things he would like to buy. "Do the world, that's for sure.
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