The Battle Over Powerball And Just How To Win It

If won, this would be the 9th largest jackpot in Powerball game history. The odds of winning the Powerball jackpot are 1 in 292 million. The current Powerball jackpot is worth an estimated $35 million with a money option of $17.three million. Right here are the numbers for the Friday, Jan. 5, lottery drawing jackpot worth $140 million with a money option of $67.eight million.

State taxes will vary as some states don’t tax lottery winnings at all and others tax the money at diverse rates. Last time the jackpot was won was on October 11, when a mystery winner from California nabbed a staggering $1.76 billion - cash worth $774.1 million. The ticket was sold at Midway Market & Liquor in Frazier Park, about 70 miles north of Los Angeles, according to the California Lottery. Extra than 3-quarters of a billion dollars - an estimated $760 million - is up for grabs Saturday, immediately after Wednesday's Powerball drawing yielded no winners.

A single ticket purchased in the District of Columbia matched all five numbers except for the Powerball and powerball winners added the Energy Play worth $2 million. As of Oct. 27, 2023, there have been nine lottery jackpots that have reached or surpassed $1 billion. And that wasn't the only Powerball prize won through the Oct. 11 drawing.

Tickets can be bought in-particular person at gas stations, convenience stores and grocery shops. The cost is $2 per ticket, but you can add the Energy Play for $1, which will raise the amount of your possible prize up to five times the original prize (except for the jackpot and Match five). There is also a 10x Energy Play possibility when the jackpot is significantly less than $150 million. Meanwhile, the Mega Millions jackpot is at $735 million with a money alternative of $356.7 million, according to the Mega Millions web page.

Alternatively, lottery jackpots are calculated based on how considerably income you’d get if the sum of the present prize pool had been invested in an annuity for 3 decades. That implies you would ultimately get the full sum, but it would take 30 years. When there was no jackpot haul Friday night, there were 3 tickets with big wins. There are match 5, $1 million prizes to be claimed from three tickets, one each from New York, North Carolina and South Carolina.

The next Powerball drawing will be on Wednesday evening and the $1.73 billion would be the second-highest Powerball jackpot in history. The final Powerball leading prize was won in Michigan, but there are 45 Powerball states plus Washington, D.C., Puerto Rico, Powerball Winners and the Virgin Islands (48 total jurisdictions). We compiled a list of states with the MOST Powerball jackpot winners in the history of the game. The two jumbo-sized jackpots spurred some persons to pool their cash and get tickets by the dozen in the hopes of winning huge. "If you discover you happen to be hanging onto a piece of paper like that, a winning ticket, particularly worth this kind of money, you happen to be going to want to hold it in the most secure location possible," she mentioned. "The winning Powerball ticket is the essential to claiming that prize."

California Lottery officials say the only winning ticket was sold at a gas station in Altadena. Those who wished to win the estimated $660 million Powerball jackpot for Christmas this year were let down but might have one more opportunity Wednesday as the prize pot grows to $685 million. The Powerball jackpot continues to climb following no winners from Monday's drawing, now worth practically $600 million ahead of the next drawing on Wednesday. There was no grand prize winner so the jackpot rose to $306 million with a cash value of $147.eight million. There was no grand prize winner so the jackpot rose to $330 million with a money value of $155.8 million.

Prizes worth much less than $600 can be collected from any licensed retailer or District Workplace in the state, or the Florida Lottery headquarters in Tallahassee. To win the jackpot, you will need to match the numbers for all five white balls and the red Powerball. The leading Powerball prize has gone unclaimed because Nov. 19, causing the jackpot to shoot previous $500 million in current weeks. The probabilities of winning a Powerball jackpot are incredibly slim, with odds standing at about 1 in 292.two million. Lottery winnings in New Jersey are subject to both federal and state revenue taxes, and the lottery withholds a percentage of specific game winnings for tax purposes. You have 365 days from the date of the draw to redeem your winning ticket.

The odds of winning the Powerball jackpot on Monday are 1 in 292,201,338, according to the lottery. Somebody last hit the Powerball jackpot on Oct. 11, landing a whopping $1.765 billion. That grand prize was "the second-biggest Powerball jackpot and U.S. lottery jackpot ever won," Powerball said at the time. No jackpot winner from Wednesday’s drawing helped increase Powerball winners it $35 million to that level. Its value officially reached the halfway point to $1 billion ahead of that drawing. A single of those tax bills will be from the federal government and, depending on exactly where a winner lives, another could come from the state.