The Powerball jackpot climbed to an estimated $1.4 billion as no player matched all six numbers and struck rich Wednesday night.
The winning numbers announced were: 9, 35, 54, 63, 64 and Powerball 1.
Players will have a chance to win the Powerball jackpot on Saturday night in hopes of ending 11 weeks without a big winner.No matter how big the prize is Odds remain unchanged — and they suck.
It’s the odds of 1 in 292.2 million that make winning the jackpot so difficult, and results in such huge payouts for lucky players or those who manage to pick the game’s 6 winning numbers.The latest Powerball jackpot is the world’s largest 7th largest lottery jackpot.the last time someone won the championship The top prize is July 19.
Game details
Powerball tickets cost $2 in most states, and buyers can choose their own numbers and individual Powerballs or leave that task to the computer. Powerball drawings are held three times a week, on Mondays, Wednesdays and Saturdays at 10:59 pm ET, with numbers drawn at the Florida Lottery in Tallahassee.
Once the numbers are chosen, it usually takes a few hours to determine if there is a jackpot winner.If there is no winner, state lottery officials Publish Jackpot Estimates For the next picture. If there is a winner, the jackpot will revert to $20 million and begin a long process of growth until the next winner emerges.
Gale Groseclose, who bought a Powerball ticket in Pineville, N.C., said the $1 million prize was enough for her, but Wednesday’s $1.2 billion jackpot really intrigued her of attention.
“I don’t usually do this on a regular basis, but like I said, when it happens, what is it? I don’t even know what it is, over a billion dollars,” Groseclose said. “It’s exciting.”
How is the jackpot determined?
The jackpot is based on ticket sales, so the more people play the game, the faster the jackpot grows. However, while the current jackpot is advertised at $1.4 billion, the lottery’s jackpot is less than half that amount. That’s why the cash prize, which most winners receive, will be $643.7 million.
Players are okay Choose an annuity, $643.7 million of which will be paid to a company that will guarantee a return of $1.4 billion over 30 years. If the winner dies before receiving all the money, the remainder goes to the winner’s estate.
What about taxes?
State lotteries will immediately deduct 24% of jackpot prizes for federal taxes, and additional federal taxes may be required when filing your federal tax return. Taxes vary from state to state Because some states don’t tax lottery winnings at all, while others tax them at different rates.
Players who purchase winning tickets in a different state than where they live will be taxed based on where the tickets were purchased.
Do Powerball odds change based on player count?
No matter how big the jackpot is and how many people buy tickets, the odds of the game are still 1 in 292.2 million. These odds mean there are 292.2 million possible number combinations.
For context, note that in Monday’s draw, players across the country selected more than 20% of these possible combinations. This means that nearly 80% of the possible combinations were not selected, so the probability of no winner is high.
Typically, the larger the jackpot, the more people play and the more combinations are covered. People also typically buy more lottery tickets on Saturdays, which increases the chances of winning the lottery.
Eric Warner, who also played lottery tickets in Pineville, said if he won the jackpot, he would immediately buy a Porsche and invest most of the money in himself and the community. Warner said he never really expects to win but likes to buy a lottery ticket every now and then.
“This is something that happened to me, and maybe I feel lucky,” he said. “Then I’ll go ahead and buy tickets and hope for the best.”
Can the winner remain anonymous?
Rules vary from state to state Some require the names of jackpot winners to be revealed, while others allow anonymity. Some states have more detailed rules, such as Florida, where winners can remain anonymous for 90 days before the state lottery releases their name.
Where is the game played?
Powerball is played in 45 states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Mega Millions, another nearly nationwide lottery game, is also played in these 45 states, as well as Washington, D.C., and the U.S. Virgin Islands.this five non-participating states Those competing include Alabama, Alaska, Hawaii, Nevada and Utah.
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