Probably the biggest advantage is that you can receive the money immediately.
For example, if the Powerball jackpot is at $100 million, the cash value would be around $52 million.ĭespite the considerable initial loss, it has its advantages, which might be attractive enough for turning to this option. So, you may ask " How much do I get if I win the Powerball?" It is about 52 percent of the total jackpot amount (before taxes). However, the cash value payout of the jackpot is much less than the one offered for a annuity Powerball payout. When choosing this option, the winner is paid in one lump sum. The Associated Press.As we mentioned already, the winner may claim their Powerball jackpot in its cash value, or, in other words, as a lump sum. What's everyone talking about? Sign up for our trending newsletter to get the latest news of the dayĬontributing: Emily DeLetter, The Cincinnati Enquirer Chris Sims, The Indianapolis Star. $768.4 million, Powerball, March 27, 2019: Won in Wisconsin.$1.337 billion, Mega Millions, July 29, 2022: Won in Illinois.13, 2016: Three winners in California, Florida, Tennessee.
Powerball can be played in 45 states, the District of Columbia, Puerto Rico and the U.S. The game's second-tier "Match 5" prize is capped at $2 million for the Powerplay.Īn additional add-on feature called "Double Play," which gives players another chance to match their numbers after each Powerball drawing, is available in some jurisdictions for $1 per play. The 10X Powerplay is only available when the jackpot is $150 million or less, Powerball notes. Non-jackpot prizes start at $4 and go up to $1 million. For an extra $1, you can opt into “Powerplay” – which multiplies non-jackpot winning prizes by 2, 3, 4, 5 or 10. November: Winning Powerball ticket worth $2.04 billion sold in Los Angeles County
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Tempted by the jackpot? Here's how to play Powerball. To win the jackpot, you need to match the numbers for all five white balls and the red Powerball.Īside from the grand prize, depending on how many balls are matched, there are eight additional ways you can win a Powerball prize across the game's non-jackpot tiers. To enter the game, players select (or opt to randomly receive) five numbers from one to 69 for the white balls, and one number from one to 26 for the red Powerball. Watch: Seven things more likely to happen than winning the Powerball or Mega Millions lotteryįact check: False claim that IRS would collect $846 million on a $1.28 billion lottery prize How do I play Powerball? The overall odds of winning a Powerball prize (across all tiers) are about 1 in 24.9.The odds of winning a Powerball jackpot are about 1 in 292.2 million.While many lottery players may be tempted by a gigantic jackpot, it's important to note that the odds of winning Powerball's grand prize are incredibly slim. What are my chances of winning Powerball? The Power Play was 4x.ĭouble Play numbers were 1, 8, 32, 37, and 64, and the Powerball was 16. The winning numbers for Saturday night's drawing were 5, 14, 19, 46, and 64, and the Powerball was 22. Here's why the jackpots have grown so large. More: Another record-breaking lottery jackpot is up for grabs. Graphics: How much will a lottery winner get after taxes? Jackpot shrinks quite a bit The final amount taken home depends of federal and state taxes.ĭid anyone win the jackpot on Saturday? Here are the winning numbers. Most jackpot winners opt for the cash option – in a one time, lump sum payment.
If someone wins on Saturday, the estimated $473 million would only be distributed if a winner selects an annuity option paid gradually over 29 years. The odds of winning a Powerball jackpot remain extremely slim, standing at about 1 in 292.2 million. 19 – causing the jackpot to grow higher and higher in recent months. The lottery game's jackpot climbed to an estimated $473 million, with a cash option of $255.7 million, for Saturday night's drawing.Īccording to Powerball, no one has won the game's top prize since Nov. It's time for Powerball players to check their tickets. Watch Video: Lottery jackpots: Why you should keep quiet if you win
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